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New Covenant Academy

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Educational Institutions and Related Activities / Elementary, Secondary Education, K - 12 (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school
Organization is a school. Details are reported on Schedule E.

Summary charts: organization finances over time

Revenue
$2.95M (2023)

Expenses
$2.88M (2023)

Total Assets
$4.82M (2023)

Total Liabilities
$24.6k (2023)

Years with missing data
Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending June
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,951,316
Expenses
$2,883,224
Net Income
$68,092
Net Assets
$4,797,299
Notable Sources of Revenue Percent of Total Revenue
Contributions $68,028
2.3%
Program Services $2,812,550
95.3%
Investment Income $58,578
2.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $12,160
0.4%
Notable Expenses Percent of Total Expenses
Executive Compensation $181,695
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,095,903
38.0%
Assets/Debt
Total Assets $4,821,934
Total Liabilities $24,635
Net Assets $4,797,299
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Jason Song (Chief Executive Officer) $96,345 $0 $7,200
Kara Song (Secretary/Treasurer) $85,350 $0 $7,200
Rev Ted Kim (Director/Advisor) $0 $0 $0
Dean Kim (Director) $0 $0 $0
Dr Christopher Quinn (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,937,393
Expenses
$2,768,270
Net Income
$169,123
Net Assets
$4,898,330
Notable Sources of Revenue Percent of Total Revenue
Contributions $51,843
1.8%
Program Services $2,865,204
97.5%
Investment Income $10,894
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $9,452
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $181,685
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,085,382
39.2%
Assets/Debt
Total Assets $4,898,330
Total Liabilities $0
Net Assets $4,898,330
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Jason Song (Chief Executive Officer) $96,345 $0 $7,200
Kara Kim Song (Secretary/Treasurer) $85,350 $0 $7,200
Rev Ted Kim (Director/Advisor) $0 $0 $0
Dean Kim (Director) $0 $0 $0
Dr Christopher Quinn (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,057,829
Expenses
$2,735,672
Net Income
$322,157
Net Assets
$4,729,207
Notable Sources of Revenue Percent of Total Revenue
Contributions $430,445
14.1%
Program Services $2,616,157
85.6%
Investment Income $11,227
0.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $181,136
6.6%
Professional Fundraising Fees $0
Other Salaries and Wages $1,085,675
39.7%
Assets/Debt
Total Assets $4,729,207
Total Liabilities $0
Net Assets $4,729,207
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Jason Song (Chief Executive Officer) $96,136 $0 $0
Kara Kim Song (Secretary/Treasurer) $85,000 $0 $0
Rev Ted Kim (Director/Advisor) $0 $0 $0
Dean Kim (Director) $0 $0 $0
Dr Christopher Quinn (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,050,787
Expenses
$2,992,068
Net Income
$58,719
Net Assets
$6,302,236
Notable Sources of Revenue Percent of Total Revenue
Contributions $108,076
3.5%
Program Services $2,803,503
91.9%
Investment Income $29,972
1.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $87,538
2.9%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $21,698
0.7%
Notable Expenses Percent of Total Expenses
Executive Compensation $191,975
6.4%
Professional Fundraising Fees $0
Other Salaries and Wages $1,135,010
37.9%
Assets/Debt
Total Assets $6,302,236
Total Liabilities $0
Net Assets $6,302,236
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Jason Song (Chief Executive Officer) $93,750 $0 $7,200
Kara Kim Song (Secretary/Treasurer) $83,825 $0 $7,200
Rev Ted Kang (Director/Advisor) $0 $0 $0
Dean Kim (Director) $0 $0 $0
Dr Christopher Quinn (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$3,030,890
Expenses
$2,839,127
Net Income
$191,763
Net Assets
$6,243,517
Notable Sources of Revenue Percent of Total Revenue
Contributions $86,849
2.9%
Program Services $2,937,414
96.9%
Investment Income $6,627
0.2%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $177,575
6.3%
Professional Fundraising Fees $0
Other Salaries and Wages $1,049,130
37.0%
Assets/Debt
Total Assets $6,243,517
Total Liabilities $0
Net Assets $6,243,517

Document Links

Fiscal Year Ending June
2017

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,870,353
Expenses
$2,667,726
Net Income
$202,627
Net Assets
$6,078,296
Notable Sources of Revenue Percent of Total Revenue
Contributions $223,380
7.8%
Program Services $2,611,031
91.0%
Investment Income $9,394
0.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $26,548
0.9%
Notable Expenses Percent of Total Expenses
Executive Compensation $85,450
3.2%
Professional Fundraising Fees $0
Other Salaries and Wages $867,657
32.5%
Assets/Debt
Total Assets $6,063,163
Total Liabilities -$15,133
Net Assets $6,078,296
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Jason Song (Chief Executive Officer) $69,850 $0 $15,600
Rev Ted Kim (Director/Advisor) $0 $0 $0
Dean Kim (Director) $0 $0 $0
Dr Christopher Quinn (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2016

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,822,849
Expenses
$2,649,244
Net Income
$173,605
Net Assets
$5,944,231
Notable Sources of Revenue Percent of Total Revenue
Contributions $249,091
8.8%
Program Services $2,571,989
91.1%
Investment Income $1,769
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $81,250
3.1%
Professional Fundraising Fees $0
Other Salaries and Wages $946,363
35.7%
Assets/Debt
Total Assets $5,944,231
Total Liabilities $0
Net Assets $5,944,231
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Jason Song (Chief Executive Officer) $81,250 $0 $37,989
Kara Song (Secretary/Cfo) $71,400 $0 $12,643
Rev Ted Kim (Director/Advisor) $0 $0 $0
Dean Kim (Director) $0 $0 $0
Dr Christopher Quinn (Director) $0 $0 $0

Document Links

Fiscal Year Ending June
2015

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$4,523,384
Expenses
$1,843,842
Net Income
$2,679,542
Net Assets
$5,770,626
Notable Sources of Revenue Percent of Total Revenue
Contributions $270,364
6.0%
Program Services $2,165,807
47.9%
Investment Income $1,855
0.0%
Bond Proceeds $0
Royalties $0
Rental Property Income $1,200
0.0%
Net Fundraising $0
Sales of Assets $2,070,105
45.8%
Net Inventory Sales $0
Other Revenue $14,053
0.3%
Notable Expenses Percent of Total Expenses
Executive Compensation $140,650
7.6%
Professional Fundraising Fees $0
Other Salaries and Wages $790,769
42.9%
Assets/Debt
Total Assets $5,770,626
Total Liabilities $0
Net Assets $5,770,626
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Jason Song (Chief Executive Officer) $75,250 $0 $19,687
Kara Song (Secretary/Cfo) $65,400 $0 $19,686
Rev Ted Kang (Director/Advisor) $0 $0 $0
Bill Greig Iii (Director/Advisor) $0 $0 $0

Document Links

Fiscal Year Ending June
2014

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,669,491
Expenses
$1,691,759
Net Income
$977,732
Net Assets
$3,091,084
Notable Sources of Revenue Percent of Total Revenue
Contributions $172,037
6.4%
Program Services $2,373,149
88.9%
Investment Income $1,979
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $104,000
3.9%
Net Fundraising $0
Sales of Assets $12,000
0.4%
Net Inventory Sales $0
Other Revenue $6,326
0.2%
Notable Expenses Percent of Total Expenses
Executive Compensation $142,600
8.4%
Professional Fundraising Fees $0
Other Salaries and Wages $593,073
35.1%
Assets/Debt
Total Assets $4,432,662
Total Liabilities $1,341,578
Net Assets $3,091,084
Other
Operated a school
Compensation
Key Employees and Officers Compensation Related Other
Jason Song (Chief Executive Officer) $78,000 $0 $17,163
Kara Song (Secretary/Cfo) $65,000 $0 $16,575
Rev Ted Kang (Director/Advisor) $0 $0 $0
Bill Greig Iii (Director/Advisor) $0 $0 $0

Document Links

Fiscal Year Ending June
2013

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$2,463,548
Expenses
$1,812,089
Net Income
$651,459
Net Assets
$1,370,366
Notable Sources of Revenue Percent of Total Revenue
Contributions $142,979
5.8%
Program Services $2,195,102
89.1%
Investment Income $3,457
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $122,010
5.0%
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $142,600
7.9%
Professional Fundraising Fees $0
Other Salaries and Wages $605,320
33.4%
Assets/Debt
Total Assets $1,710,336
Total Liabilities $339,970
Net Assets $1,370,366

Document Links

Fiscal Year Ending June
2012

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,912,525
Expenses
$1,659,810
Net Income
$252,715
Net Assets
$837,071
Notable Sources of Revenue Percent of Total Revenue
Contributions $85,900
4.5%
Program Services $1,824,940
95.4%
Investment Income $1,685
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $110,818
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $674,968
40.7%
Assets/Debt
Total Assets $854,693
Total Liabilities $17,622
Net Assets $837,071

Document Links

Fiscal Year Ending June
2011

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,750,886
Expenses
$1,616,822
Net Income
$134,064
Net Assets
$584,356
Notable Sources of Revenue Percent of Total Revenue
Contributions $67,680
3.9%
Program Services $1,681,197
96.0%
Investment Income $2,009
0.1%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $108,400
6.7%
Professional Fundraising Fees $0
Other Salaries and Wages $656,736
40.6%
Assets/Debt
Total Assets $640,105
Total Liabilities $55,749
Net Assets $584,356

Document Links

Fiscal Year Ending June
2010

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2009

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2008

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2007

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2006

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2005

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2004

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2003

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

Fiscal Year Ending June
2002

No Extracted Financial Data

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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For those interested in acquiring the original data from the source, here’s where our data comes from:

  • Raw filing data. Includes EINs and summary financials as structured data.
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  • Form 990 documents. Prior to 2017, these documents were obtained and processed by Public.Resource.org and ProPublica. Bulk PDF downloads since 2017 are available from the IRS.
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  • Audits. PDFs of single or program-specific audits for nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year. Available for fiscal year 2015 and later.

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