2026-04-06T09:15:46-05:00 2025-06-30 362886485 DUGAN & LOPATKA CPA'S PC 4320 WINFIELD ROAD SUITE 450 WARRENVILLE IL 605554036 990 2024-07-01 271802630 COVENANT CLASSICAL SCHOOL COVE 6309837500 1571 OSWEGO ROAD NAPERVILLE IL 60540 DAVID YANG BOARD CHAIRPERSON 6309837500 2026-03-27 1 0 RON MARKLUND P01985511 6306654440 2026-03-27 2024 2025-03-06 01:10:19Z DAVID YANG 1571 OSWEGO ROAD NAPERVILLE IL 60540 1926791 0 X WWW.COVENANTCLASSICALSCHOOL.ORG X 2010 IL PROVIDE A CLASSICAL CHRISTIAN BASED EDCUATION TO CHILDREN IN GRADES KINDERGARTEN THROUGH TWELFTH. 5 5 30 25 0 0 237874 522251 1324203 1362143 26506 29453 31290 7767 1619873 1921614 96163 153496 0 0 1083924 835813 0 0 70596 476145 479542 1656232 1468851 -36359 452763 1240720 1534729 688006 529252 552714 1005477 TO PROVIDE AN EXCELLENT EDUCATION IN THE CLASSICAL TRADITION THAT HONORS JESUS CHRIST AS THE BEGINNING AND END OF ALL TRUTH. 0 0 947869 153496 1365461 COVENANT PROVIDES 70 FAMILIES IN CHICAGO'S WESTERN SUBURBS WITH A PRIVATE SCHOOL OPTION FOR 100 STUDENTS IN KINDERGARTEN THROUGH TENTH 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. 947869 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 0 0 0 0 1 0 0 0 0 0 0 0 0 1 3 0 30 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X CEDARSTONE HOLDINGS 6305805660 209 E LIBERTY DRIVE WHEATON IL 60540 DAVID YANG CHAIRPERSON 5.00 X X 0 0 0 DANDRAE LARRY TREASURER 3.00 X X 0 0 0 KATRINA ERZINGER SECRETARY 3.00 X X 0 0 0 ANGELA CASTALDO DIRECTOR 3.00 X 0 0 0 JOSHUA FOGARTY DIRECTOR 3.00 X 0 0 0 TOM STONER HEAD OF SCHOOL 55.00 X 147078 0 6719 147078 0 6719 1 0 1 0 0 27913 494338 62413 522251 TUITION AND FEES 611110 1362143 1362143 1362143 29594 29594 3820 0 3820 3820 3820 141 -141 -141 -141 5665 27913 5036 629 629 MISCELLANEOUS INCOME 900099 3318 3318 3318 1921614 1365461 0 33902 X 153496 153496 153797 131376 22421 508149 427562 68478 12109 13055 11511 1544 89816 60001 25491 4324 70996 46328 20968 3700 5582 5582 20102 20102 58040 58040 13543 6771 6772 26714 1800 24914 205292 136696 58289 10307 10318 10318 20192 20192 PROGRAM EXPENSES 100157 100157 FUNDRAISING 10963 10963 SUBSCRIPTIONS, DUES AND 5358 5358 HEAD OF SCHOOL DISCRETI 1987 1987 1294 1294 1468851 947869 450386 70596 10248 31082 856686 1301226 4033 0 12416 3459 260930 225695 44730 35235 297759 148879 14848 14848 1240720 1534729 32964 31377 361372 342222 293670 155653 688006 529252 X 552714 1005477 552714 1005477 1240720 1534729 452763 0 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50349 19825 30524 78347 74796 3551 132234 131074 1160 35235 OPERATING LEASE LIABILITY 155653 155653 X 2072656 304538 304538 1768118 153496 153496 1921614 1619893 304538 304538 1315355 153496 153496 1468851 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 YEARS ENDED JUNE 30, 2025 AND 2024. THE ORGANIZATION'S FORM 990, RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX, FOR THE YEARS ENDING 2023, 2024, AND 2025 ARE SUBJECT TO EXAMINATION BY THE IRS, GENERALLY FOR THREE YEARS AFTER THEY ARE FILED. PART XI, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 3,536. EMPLOYEE RETENTION CREDIT 301,002. PART XI, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 153,496. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENTS 3,536. EMPLOYEE RETENTION CREDIT 301,002. PART XII, LINE 4B - OTHER ADJUSTMENTS: SCHOLARSHIPS 153,496. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHOOL FUNDRAISING 33578 27913 5665 2000 1500 750 786 33578 27913 5665 2000 1500 750 786 5036 629 1 SCHOLARSHIPS 27 153496 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 147078 0 0 0 0 0 4586 0 2133 0 153797 0 0 0 X 5 60913 FMV X AUCTION ITEMS 10 1500 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 5,921. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,921. PAYROLL MANAGEMENT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,735. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,735. CUSTODIAL SERVICES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 21,944. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,944. CONSULTING FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 25,440. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 25,440. FORM 990, PART IX, LINE 24E ENROLLMENT EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,294. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,294. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PREVIOUS YEARS