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New Covenant Academy

Learn about this cause: What are the reviews? Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 954834735 ✦ Los angeles, CA ✦ Designated as a 501(c)(3)

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Overview

What is New Covenant Academy?

New Covenant Academy (NCA) is a nonprofit educational institution situated in LOS ANGELES, CA (90020). As a Christian school, NCA caters to students from grade 1 to 12, integrating religious education into its curriculum. Bible study is a mandatory subject for all students, and they actively engage in regular Chapel and Worship activities. With a mission to cultivate future Christian leaders, NCA focuses on delivering education that is theologically sound, balanced, and practical, catering to students from grade 1 to 12. Employing a total of 32 individuals, NCA strives to develop well-rounded students who embody the values of faith and academic excellence.


Official website here: www.e-nca.org

What are the reviews and ratings of this charity?

Charity Navigator Rating: 66% (Two-Star out of Four Stars)

New Covenant Academy has received a Two-Star rating from Charity Navigator, indicating some concerns regarding its accountability and financial practices. The overall score is based solely on its Accountability & Finance metrics, which highlights the organization's limited independent board presence and lack of available financial statements. While the academy has demonstrated sound management of assets and a high program expense ratio, the absence of independent board members raises questions about governance.

The organization does show strengths in various policies, including conflict of interest and whistleblower protections, which are in place and have contributed positively to its accountability score. Additionally, the absence of any material diversion of assets is a positive indicator of financial integrity. The high program expense ratio suggests that a significant portion of its resources is directed toward its mission-driven activities, which is commendable.

However, the lack of financial transparency, particularly with missing financial statements and tax forms, could be a concern for potential donors and stakeholders. Improving these areas could help bolster its credibility and enhance overall trust in the organization's governance.


This AI summary has been generated from information found on Charity Navigator.

Is New Covenant Academy legitimate?

New Covenant Academy is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Covenant Academy 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: $181,685
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,085,382

For more financial information, click here


Official website here: www.e-nca.org

What is the mission statement of New Covenant Academy?

New Covenant Academy, a Christian college preparatory school, is dedicated to educating, enabling, and equipping the future leaders with a strong Christian foundation. The institution is committed to offering a theologically sound, balanced, and practical Christian education to students from the first to the twelfth grade. To reinforce this mission, New Covenant Academy requires its students to participate in chapel and worship activities as part of their curriculum.


Official website here: www.e-nca.org

Who is the CEO of New Covenant Academy?

Jason Song is the Chief Executive Officer of New Covenant Academy. The CEO's salary of New Covenant Academy is $96,345 and their total compensation is $103,545.


Official website here: www.e-nca.org

What is the revenue of New Covenant Academy?

New Covenant Academy's revenue in 2022 was $2,937,393.


Official website here: www.e-nca.org

Who are the executives of New Covenant Academy and what are their salaries?

The average compensation at New Covenant Academy during 2022 was $39,596. There are 32 employees at New Covenant Academy.


Here are 5 key members and their salaries (New Covenant Academy's CEO's salary is $96,345 and their total compensation is $103,545):


Jason Song (Chief Executive Officer)
  • Compensation: $96,345
  • Related: $0
  • Other: $7,200
Kara Kim Song (Secretary/Treasurer)
  • Compensation: $85,350
  • Related: $0
  • Other: $7,200
Rev Ted Kim (Director/Advisor)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dean Kim (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Christopher Quinn (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


Official website here: www.e-nca.org

Where can I find the form 990 for New Covenant Academy?

New Covenant Academy's most recent form 990 was submitted in 2022 and can be accessed here.


Official website here: www.e-nca.org

Learn more at the official website: www.e-nca.org

Mission Statement of New Covenant Academy

New Covenant Academy, a nonprofit educational institution, is dedicated to the mission of educating, enabling, and equipping future Christian leaders. This Christian college preparatory school, catering to students from the first through twelfth grades, provides a theologically sound, balanced, and practical Christian education. The organization is deeply committed to its mission, incorporating Bible studies as a subject and requiring regular participation in activities such as Chapel and Worship. Through its curriculum and practices, New Covenant Academy fosters the development of well-rounded Christian leaders, preparing them for their roles in tomorrow's world.

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Impact




July, 2024

New Covenant Academy's impact is profound in the realm of education, particularly in shaping the Christian leaders of tomorrow. Through its commitment to providing Christian education from 1st through 12th grades, New Covenant Academy is instrumental in nurturing and equipping students with a solid foundation rooted in faith and academic excellence. By requiring participation in chapel and worship, the organization ensures a holistic development that instills values and beliefs alongside traditional learning. In essence, New Covenant Academy plays a pivotal role in cultivating the minds and spirits of its students, preparing them to make a positive difference in the world around them.




This information is meant to be a general summary of New Covenant Academy. 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.

Revenue
$2,937,393 (2022)
Expenses
$2,768,270 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $10,894
  • Program Service Revenue: $2,865,204
  • Gross Receipts: $2,937,393

Assets and Liabilities:

  • Total Assets: $4,898,330
  • Total Liabilities: $0
  • Net Assets: $4,898,330

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TUITION - NET OF REFUNDS

Revenue

$2,865,204

Organization Details

Founding Year

1999

Principal Officer

Jason Song

Main Address

3119 WEST 6th STREET, LOS ANGELES, CA, 90020

NTEE Category

Code: B20 - Education

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