Overview
What is Covenant Christian Academy Inc?
Covenant Christian Academy Inc, located at 83 Pine Street, Peabody, Massachusetts 01960, is a nonprofit organization dedicated to providing quality education to students from Pre-Kindergarten through Grade 12. This institution stands firm on its commitment to elementary and high school education, aiming to shape the future of the young minds it nurtures. With a workforce of 108 individuals, Covenant Christian Academy Inc is dedicated to fostering a conducive learning environment that encourages growth and development in its students.
Official website here: www.covenantchristianacademy.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 83% (Three-Star out of Four Star rating)
Covenant Christian Academy Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and financial management. The organization scored 83% overall, with a perfect score in various aspects such as board independence, financial oversight, and policies related to conflict of interest and whistleblowing. These strengths reflect a commitment to transparency and responsible governance.
The majority of the board members are independent, showcasing a strong governance structure. The academy also maintains high standards with regards to their financial statements and has established comprehensive policies that ensure proper oversight. The high program expense ratio of 88.21% indicates that a significant portion of their expenses is directed towards their programs, which is a positive sign for donors.
However, the organization's liabilities to assets ratio of 67.19% is a point of concern, as it may suggest potential financial risk. While the overall score is commendable, this ratio indicates that the academy might face challenges in managing its liabilities effectively. Overall, the strengths significantly outweigh the limitations, making Covenant Christian Academy Inc a relatively reliable nonprofit.
This AI summary has been generated from information found on Charity Navigator.
Is Covenant Christian Academy Inc legitimate?
Covenant Christian Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant Christian Academy Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $2,748,332
For more financial information, click here
Official website here: www.covenantchristianacademy.org
What is the mission statement of Covenant Christian Academy Inc?
Covenant Christian Academy Inc is dedicated to offering quality education to students from Pre-Kindergarten through Grade 12. Their mission, in essence, revolves around providing a nurturing educational environment that caters to the developmental needs of these students. Their primary goal is to equip these young learners with the necessary knowledge and skills to thrive in their academic journeys and beyond. The academy aims to foster a sense of community, encouraging holistic growth that encompasses both intellectual and personal development.
Official website here: www.covenantchristianacademy.org
Who is the CEO of Covenant Christian Academy Inc?
David Anastasi is the Cfo of Covenant Christian Academy Inc.
Official website here: www.covenantchristianacademy.org
What is the revenue of Covenant Christian Academy Inc?
Covenant Christian Academy Inc's revenue in 2022 was $6,568,954.
Official website here: www.covenantchristianacademy.org
Who are the executives of Covenant Christian Academy Inc and what are their salaries?
The average compensation at Covenant Christian Academy Inc during 2022 was $25,448. There are 108 employees and 25 volunteers at Covenant Christian Academy Inc.
Here are 9 key members and their salaries:
- Compensation: $87,756
- Related: $0
- Other: $21,771
- Compensation: $94,661
- Related: $0
- Other: $4,064
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.covenantchristianacademy.org
Where can I find the form 990 for Covenant Christian Academy Inc?
Covenant Christian Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.covenantchristianacademy.org
Learn more at the official website: www.covenantchristianacademy.org
Mission Statement of Covenant Christian Academy Inc
Covenant Christian Academy Inc, as a nonprofit organization, is dedicated to delivering quality education to students from Pre-Kindergarten through Grade 12. Its mission, in simple terms, can be defined as providing a comprehensive educational experience for these learners. The academy aims to equip its students with the necessary knowledge and skills required for their growth and development, spanning from the early stages of their academic journey to their high school years. This mission is reflected in its educational philosophy, which focuses on nurturing each student's potential and fostering a love for learning. The academy's commitment to education is evident in its offering of programs and resources tailored to the needs of students from Pre-K through Grade 12.
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Impact
July, 2024
Covenant Christian Academy Inc's impact lies in providing quality elementary and high school education for students in grades Pre-K through Grade 12 in Peabody, MA. Through its mission of offering education to students at different stages of their academic journey, Covenant Christian Academy Inc plays a crucial role in shaping the minds and futures of its students. By focusing on academic excellence and holistic development, this institution contributes to the growth and success of its students, preparing them to face the challenges of the future with confidence and knowledge.
This information is meant to be a general summary of Covenant Christian Academy Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $5,872,895
- Gross Receipts: $7,030,276
Assets and Liabilities:
- Total Assets: $13,783,734
- Total Liabilities: $9,263,408
- Net Assets: $4,520,326
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Tuition & Fees
Revenue
$5,845,536
Organization Details
Founding Year
1991
Phone
(978) 535-7100Principal Officer
David Anastasi
Main Address
83 Pine Street, Peabody, MA, 01960
NTEE Category
Code: B20 - Education
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