2025-02-13T11:48:03-06:00 2024-06-30 362886485 DUGAN & LOPATKA CPA'S PC 4320 WINFIELD ROAD SUITE 450 WARRENVILLE IL 605554036 990 2023-07-01 271802630 COVENANT CLASSICAL SCHOOL COVE 6309837500 1571 OSWEGO ROAD NAPERVILLE IL 60540 DANDRAE LARRY TREASURER 6309837500 2025-02-07 1 0 RON MARKLUND P01985511 6306654440 2025-02-07 2023 2025-03-06 01:10:19Z DANDRAE LARRY 1571 OSWEGO ROAD NAPERVILLE IL 60540 1625464 0 X WWW.COVENANTCLASSICALSCHOOL.ORG X 2010 IL PROVIDE A CLASSICAL CHRISTIAN BASED EDCUATION TO CHILDREN IN GRADES KINDERGARTEN THROUGH TWELFTH. 9 9 29 35 0 0 262030 237874 1323502 1324203 10546 26506 13764 31290 1609842 1619873 69848 96163 0 0 1129173 1083924 0 0 88031 430829 476145 1629850 1656232 -20008 -36359 1483932 1240720 894859 688006 589073 552714 TO PROVIDE AN EXCELLENT EDUCATION IN THE CLASSICAL TRADITION THAT HONORS JESUS CHRIST AS THE BEGINNING AND END OF ALL TRUTH. 0 0 1035164 96163 1338435 COVENANT PROVIDES 70 FAMILIES IN CHICAGO'S WESTERN SUBURBS WITH A PRIVATE SCHOOL OPTION FOR 100 STUDENTS IN KINDERGARTEN THROUGH NINTH GRADE. THE SCHOOL YEAR CONSISTS OF APPROXIMATELY 170 DAYS OF SCHOOL AND CLASSES ARE TAUGHT BY APPROXIMATELY 25 FACULTY AND STAFF BETWEEN THE HOURS OF 8AM AND 3PM. 1035164 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 1 0 0 0 0 0 1 0 0 0 1 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 5 0 29 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X VERONICA SANDINO 6309837500 1571 OSWEGO ROAD NAPERVILLE IL 60540 JOSHUA FOGARTY CHAIRPERSON 5.00 X X 0 0 0 DANDRAE LARRY TREASURER 3.00 X X 0 0 0 REBECCA LARSON SECRETARY 3.00 X X 0 0 0 CARLO BRITTO DIRECTOR 3.00 X 0 0 0 CAROLINE JONES DIRECTOR 3.00 X 0 0 0 TIM BEALERT DIRECTOR 3.00 X 0 0 0 LINDSAY TULLY DIRECTOR 3.00 X 0 0 0 ANGELA CASTALDO DIRECTOR 3.00 X 0 0 0 DAVID YANG DIRECTOR 3.00 X 0 0 0 TOM STONER HEAD OF SCHOOL 55.00 X 144060 0 14881 144060 0 14881 1 0 1 0 0 32291 205583 41011 237874 TUITION AND FEES 611110 1324203 1324203 1324203 26506 26506 13007 0 13007 13007 13007 9642 32291 5591 4051 4051 MISCELLANEOUS INCOME 900099 14232 14232 14232 1619873 1338435 0 43564 X 96163 96163 158941 97699 52344 8898 783377 481534 256566 45277 8303 5104 3199 64067 39381 21112 3574 69236 42559 22675 4002 19951 19951 8000 8000 12954 12954 14483 7241 7242 22246 4895 17351 230114 120692 99030 10392 11420 11420 15075 9577 4673 825 PROGRAM EXPENSES 126140 126140 FUNDRAISING 7821 7821 SUBSCRIPTIONS, DUES AND 4384 4384 HEAD OF SCHOOL DISCRETI 1945 1945 1612 1612 1656232 1035164 533037 88031 8761 10248 965684 856686 4033 15437 12416 260107 215377 29375 44730 449627 297759 15048 14848 1483932 1240720 43513 32964 395544 361372 455802 293670 894859 688006 X 589073 552714 589073 552714 1483932 1240720 -36359 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50349 13729 36620 77703 72021 5682 132055 129627 2428 44730 OPERATING LEASE LIABILITY 293670 293670 X 1529301 5591 5591 1523710 96163 96163 1619873 1565660 5591 5591 1560069 96163 96163 1656232 PART X, LINE 2: THE COVENANT CLASSICAL SCHOOL IS A NOT-FOR-PROFIT ORGANIZATION AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501 (C)(3) OF THE INTERNAL REVENUE CODE AND APPLICABLE STATE INCOME TAX REGULATIONS. THEREFORE, NO PROVISIONS FOR FEDERAL AND STATE INCOME TAXES HAVE BEEN MADE. THERE WAS NO UNRELATED BUSINESS INCOME DURING THE YEAR ENDED JUNE 30, 2024. THE ORGANIZATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDING 2021, 2022, AND 2023 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 5,591. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 96,163. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 5,591. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 96,163. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHOOL FUNDRAISING 41933 32291 9642 640 1419 794 968 1770 41933 32291 9642 640 1419 794 968 1770 5591 4051 1 SCHOLARSHIPS 14 96163 FMV TUITION ASSISTANCE PART I, LINE 2: COVENANT OFFERS NEED-BASED TUITION GRANTS TO FAMILIES THROUGH A PROGRAM CALLED "TAILORED TUITION". THE TUITION A FAMILY PAYS IS TAILORED OR ADJUSTED BASED PRIMARILY UPON HOUSEHOLD INCOME. DURING THE APPLICATION PROCESS TO THE SCHOOL, FAMILIES ARE INFORMED OF THE PROGRAM AND ENCOURAGED TO APPLY. APPLICATIONS ARE COMPLETED ON-LINE AND ARE AVAILABLE THROUGH OUR WEBSITE. THE APPLICATIONS ARE HANDLED BY FACTS, OUR TUITION MANAGEMENT SERVICE. FAMILIES SEND THEIR APPLICATION AND SUPPORTING DOCUMENTATION TO FACTS, WHO RUNS THEIR DATA THROUGH THEIR FORMULAS THAT LOOK AT INCOME TO EXPENSES. THE SCHOOL RECEIVES A RECOMMENDED TUITION NUMBER FROM FACTS. THE TAILORED TUITION DATA IS REVIEWED BY THE TAILORED TUITION COMMITTEE WHICH CONSISTS OF THE BOARD TREASURER, THE BUSINESS MANAGER, AND THE HEAD OF SCHOOL. THE COMMITTEE MAKES AWARDS BASED UPON THE DATA RECEIVED FROM FACTS WHILE FOLLOWING PRACTICES ESTABLISHED BY THE SCHOOL OVER TIME. FAMILIES ARE INFORMED OF AWARDS PRIOR TO OFFICIALLY ENROLLING AT COVENANT FOR THE YEAR. FAMILIES MUST COMPLETE APPLICATION FOR TAILORED TUITION AWARDS EVERY YEAR. X 1 0 X X X 0 0 0 0 0 0 0 0 0 TOM STONER HEAD OF SCHOOL 133810 0 6250 0 4000 0 4629 0 10252 0 158941 0 0 0 10773 SCHOLARSHIP TUITION X 2 41011 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 6 MEMBERSHIP OF THE SCHOOL SHALL CONSIST OF THE PARENTS OR GUARDIANS OF ALL DULY ENROLLED STUDENTS ("MEMBER FAMILY"); AND SCHOOL ADMINISTRATORS, FACULTY, AND STAFF ("SCHOOL MEMBER"). FORM 990, PART VI, SECTION A, LINE 7A TRUSTEES ARE APPOINTED TO THE BOARD BY A MAJORITY VOTE OF THE BOARD. HOWEVER, TRUSTEES MAY BE REAPPOINTED TO SERVE CONESCUTIVE TERMS, WITH A MAJORITY VOTE OF THE BOARD AND THE RATIFICATION OF THE MEMBER FAMILIES. FORM 990, PART VI, SECTION A, LINE 7B AT ALL MEETINGS EACH MEMBER FAMILY AND EACH SCHOOL MEMBER SHALL HAVE ONE (1) VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS, PROVIDED THAT S/HE IS A MEMBER AT LEAST FOURTEEN (14) DAYS PRIOR TO THE CALL OF OR DATE OF ANY REGULAR MEETING, OR FIVE (5) DAYS PRIOR TO THE NOTICE OF ANY SPECIAL MEETING. ANY MEMBER CONSIDERED BOTH A MEMBER FAMILY AND SCHOOL MEMBER SHALL VOTE ONLY AS A MEMBER FAMILY HAVING ONE VOTE ONLY. FORM 990, PART VI, SECTION B, LINE 11B A COPY OF THE DRAFT FORM 990 IS PROVIDED TO EACH TRUSTEE FOR REVIEW PRIOR TO FINALIZATION. FORM 990, PART VI, SECTION B, LINE 12C REVIEWED ANNUALLY BY BOARD OF DIRECTORS FORM 990, PART VI, SECTION B, LINE 15 BOARD OF DIRECTORS APPROVE COMPENSATION AMOUNTS FORM 990, PART VI, SECTION C, LINE 19 ALL GOVERNING DOCUMENTS ARE AVAILABLE UPON REQUEST FORM 990, PART IX, LINE 11G TUITION MANAGEMENT: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 6,835. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,835. PAYROLL MANAGEMENT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,807. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,807. SCHOOL SURVEY: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,312. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,312. FORM 990, PART IX, LINE 24E ENROLLMENT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,094. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,094. HUMAN RESOURCES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 368. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 368. BANK CHARGES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 150. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 150. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS