Overview
What is Covenant Academy Inc?
Covenant Academy Inc, situated in Macon, Georgia, is a nonprofit organization committed to education from a Christian perspective. With approximately 319 students enrolled across grades K-3 to 12, this institution's primary mission is to support Christian parents in their children's education. The academy operates with a team of 77 dedicated individuals, all working towards providing a nurturing environment that aligns with their Christian values.
Official website here: www.covenantacadmey.net
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 58%, One-Star out of Four Star rating.
Covenant Academy Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its accountability and financial practices. While the organization boasts 100% independent board members and a solid program expense ratio of 77.88%, it falls short in several key areas, including missing policies for whistleblower protections and document retention.
The absence of these critical policies raises flags about the organization's commitment to transparency and governance. Additionally, the financial statements have not been reviewed or compiled, which contributes to a low score in financial accountability. The organization also has a concerning liabilities to assets ratio of 122.53%, suggesting potential financial instability.
While the nonprofit has some strengths, particularly in board independence and program spending, its overall low rating reflects significant areas for improvement, particularly in governance and financial oversight. Stakeholders may want to consider these factors when evaluating their support for the organization.
This AI summary has been generated from information found on Charity Navigator.
Is Covenant Academy Inc legitimate?
Covenant Academy Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant 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: $1,835,537
For more financial information, click here
Official website here: www.covenantacadmey.net
What is the mission statement of Covenant Academy Inc?
Covenant Academy Inc, as an organization, is committed to assisting Christian parents in the education of their children. Their mission is reflected in their operational activities, which are grounded in a Christian perspective. The academy serves around 319 students, ranging from kindergarten to grade 12, by providing an educational environment that aligns with Christian values. This mission aims to support the parents in their role as educators, fostering a nurturing and faith-based learning environment for their children.
Official website here: www.covenantacadmey.net
Who is the CEO of Covenant Academy Inc?
Richard Brown is the Bd. Dir & Ki of Covenant Academy Inc.
Official website here: www.covenantacadmey.net
What is the revenue of Covenant Academy Inc?
Covenant Academy Inc's revenue in 2022 was $3,061,604.
Official website here: www.covenantacadmey.net
Who are the executives of Covenant Academy Inc and what are their salaries?
The average compensation at Covenant Academy Inc during 2022 was $23,838. There are 77 employees and 45 volunteers at Covenant Academy Inc.
Here are 10 key members and their salaries:
- Compensation: $33,378
- Related: $0
- Other: $0
- Compensation: $28,610
- Related: $0
- Other: $0
- Compensation: $27,809
- 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
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.covenantacadmey.net
Where can I find the form 990 for Covenant Academy Inc?
Covenant Academy Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.covenantacadmey.net
Learn more at the official website: www.covenantacadmey.net
Mission Statement of Covenant Academy Inc
Covenant Academy Inc, a nonprofit organization, is committed to assisting Christian parents in the education of their children. The mission of this institution is centered around providing an educational environment from a Christian perspective. Serving approximately 319 students from grades K-3 through 12, Covenant Academy Inc strives to support Christian parents in their educational journey with their children. This mission is carried out through the operation of a school that integrates Christian values and teachings into its curriculum and daily operations.
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Impact
July, 2024
Covenant Academy Inc impacts the community by providing a Christian-based education to approximately 319 students in grades K-3 through 12 in Macon, GA. Their mission to assist Christian parents in the education of their children reflects in their work, shaping the minds and hearts of young individuals with a strong emphasis on faith-based principles. Through their educational programs, Covenant Academy is making a meaningful contribution to the development and growth of students within a Christian framework.
This information is meant to be a general summary of Covenant 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.
- Investment Income: -$48,819
- Program Service Revenue: $2,580,171
- Gross Receipts: $3,140,566
Assets and Liabilities:
- Total Assets: $5,179,469
- Total Liabilities: $6,134,801
- Net Assets: -$955,332
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
TUITION, MATRIC. & APP FEES
Revenue
$3,257,325
OTHER REVENUES
Revenue
$129,121
OTHER FEES
Revenue
$47,194
RECOVERY OF UNCOLLECT ACCT'S
Revenue
$22,918
FINANCIAL AID & DISCOUNTS
Revenue
-$876,387
Organization Details
Founding Year
1986
Phone
(478) 471-0285Principal Officer
Richard Brown
Main Address
4652 AYERS RD, MACON, GA, 312104511
Website
www.covenantacadmey.netNTEE Category
Code: B24Z - Education
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