Overview
What is Covenant Preparatory School Inc?
Covenant Preparatory School Inc is a nonprofit organization situated in Hartford, Connecticut, with a focus on providing a tuition-free middle school education for boys from lower-income families. Established in 2008, the school currently serves around 33 students from fifth to eighth grade. The organization's mission is to equip young men from underserved communities with the necessary foundation to succeed in higher education. By fostering a challenging and supportive learning environment, the school aims to instill humility and dedication in its students, inspiring them to lead their lives with integrity and commitment to their communities. The school, with a small workforce of 17 individuals, is committed to nurturing well-rounded individuals who will make a positive impact in their communities.
Official website here: www.covenantprep.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81%, Three-Star out of Four Star rating.
Covenant Preparatory School Inc has achieved a solid Three-Star rating from Charity Navigator, primarily based on its Accountability & Finance score of 81%. This rating reflects the organization's commitment to financial transparency and responsible governance practices, which are critical for donor trust and investment. The organization showcases a strong independent board with 94% of its members being independent, ensuring that governance is free from conflicts of interest.
The financial practices of Covenant Preparatory School Inc are commendable, with a high program expense ratio of 70.39%, indicating that a significant portion of its budget is directed towards its programs and services. The organization has also demonstrated sound asset management, as evidenced by a liabilities to assets ratio of 45.10%, which suggests a healthy financial standing. Additionally, policies regarding conflict of interest, whistleblower protections, and document retention are well established and in place.
While the organization has strong accountability measures, the overall rating is solely based on the Accountability & Finance beacon, which means that other aspects such as impact and governance may not have been evaluated in this assessment. Nonetheless, the lack of material diversion of assets and the presence of necessary policies underscore its focus on maintaining a trustworthy operation.
This AI summary has been generated from information found on Charity Navigator.
Is Covenant Preparatory School Inc legitimate?
Covenant Preparatory School Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Covenant Preparatory School 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:
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Other Salaries and Wages: $396,069
For more financial information, click here
Official website here: www.covenantprep.org
What is the mission statement of Covenant Preparatory School Inc?
Covenant Preparatory School Inc's mission is centered around providing a solid educational foundation for young men from underprivileged backgrounds, preparing them for higher education. The school aims to foster character strength and instill a sense of integrity in its students, inspiring them to become leaders committed to their communities. By offering a tuition-free middle school education, the school provides a challenging and supportive learning environment, aiming to equip its students with the necessary tools for future success. The school's goal is to inspire its students to lead their lives with humility and dedication towards serving others.
Official website here: www.covenantprep.org
Who is the CEO of Covenant Preparatory School Inc?
Fabian Pietersen is the Principal Officer of Covenant Preparatory School Inc.
Official website here: www.covenantprep.org
What is the revenue of Covenant Preparatory School Inc?
Covenant Preparatory School Inc's revenue in 2022 was $1,026,446.
Official website here: www.covenantprep.org
Who are the executives of Covenant Preparatory School Inc and what are their salaries?
The average compensation at Covenant Preparatory School Inc during 2022 was $23,298. There are 17 employees and 66 volunteers at Covenant Preparatory School Inc.
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Official website here: www.covenantprep.org
Where can I find the form 990 for Covenant Preparatory School Inc?
Covenant Preparatory School Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.covenantprep.org
Learn more at the official website: www.covenantprep.org
Mission Statement of Covenant Preparatory School Inc
Covenant Preparatory School Inc, a nonprofit organization, is committed to providing a solid foundation for young men from underserved communities, enabling them to pursue higher education with success. The institution's mission is twofold: firstly, it aims to equip these students with the necessary character strength, and secondly, it inspires them to live with integrity and dedication towards serving their communities. By offering a tuition-free middle school education for boys from lower-income families, Covenant Preparatory School Inc fosters a challenging and supportive learning environment that encourages personal growth and development. This approach not only prepares students academically for their transition to high school but also instills in them a sense of humility and service-oriented mindset.
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Impact
July, 2024
Covenant Preparatory School Inc has a significant impact on young boys from lower-income families in Hartford, CT. By providing a tuition-free middle school education, the school offers a challenging and supportive learning environment to prepare students for further education. The school's mission to inspire young men to lead their lives with humility and dedication toward serving others contributes to building a foundation for success. Covenant Preparatory School Inc plays a crucial role in developing the strength of character in its students and inspiring them to live with integrity as leaders committed to their communities.
This information is meant to be a general summary of Covenant Preparatory School 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.
- Gross Receipts: $1,071,238
Assets and Liabilities:
- Total Assets: $312,838
- Total Liabilities: $24,189
- Net Assets: $288,649
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Organization Details
Founding Year
2007
Phone
(860) 547-0289Principal Officer
Fabian Pietersen
Main Address
474 WOODLAND STREET, HARTFORD, CT, 06112
Website
www.covenantprep.orgNTEE Category
Code: B24 - Education
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