Skip to main content

Nonprofit · EIN 14-1961130

COVENANT ACADEMY

Tax-exempt · CROSSVILLE, TN 38555

Financials

$1.5M$1.5M2023$1.8M$1.7M2024$1.6M$1.7M2025
Revenue Expenses · by fiscal year end
Financials of COVENANT ACADEMY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
May 31, 2026990$1,575,516$1,680,389-$104,873$2,113,642$1,458,323$655,319
May 31, 2025990$1,809,193$1,677,658$131,535$2,221,062$1,460,870$760,192
May 31, 2024990$1,538,023$1,543,783-$5,760$1,889,874$1,261,217$628,657
Financial details: 990 for the year ended May 31, 2026

Revenue

Contributions, gifts and grants
$48,047
Program service revenue
$1,473,047
Investment income
$0
Net income from fundraising events
$54,422
Other revenue
$54,422

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$999,204
Salaries, compensation and benefits (total)
$1,162,437
Professional fundraising fees
$0
Accounting fees
$11,275
Occupancy
$151,465
Depreciation
$80,911
Program services (functional)
$1,638,762
Management and general (functional)
$29,012
Fundraising (functional)
$12,615

Balance sheet and other

Total assets, start of year
$2,221,062
Total assets, end of year
$2,113,642
Total liabilities, end of year
$1,458,323
Net assets, end of year
$655,319
Land, buildings and equipment
$2,009,452
Net assets without donor restrictions
$655,319
Gross receipts
$1,584,231
Employees
74
Year formed
2006
State of legal domicile
TN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended May 31, 2026, highest compensation first.

NameTitleHours / weekCompensation
KIM WATTENBARGERPRINCIPAL
Trustee or director
40$43,833
KELLY DECHRISTOFAROSECRETARY
Officer
40$33,667
DANIEL PATTERSONDIRECTOR
Trustee or director
1$0
ADAM SINGHDIRECTOR
Trustee or director
1$0
BOB TOLICHDIRECTOR
Trustee or director
1$0
JON KRAUSPRESIDENT
Officer
2$0
990 for the year ended May 31, 2025: 6 people
NameTitleHours / weekCompensation
KIM WATTENBARGERPRINCIPAL
Trustee or director
40$44,833
KELLY DECHRISTOFAROSECRETARY
Officer
40$33,333
DANIEL PATTERSONDIRECTOR
Trustee or director
1$0
ADAM SINGHDIRECTOR
Trustee or director
1$0
BOB TOLICHDIRECTOR
Trustee or director
1$0
JON KRAUSPRESIDENT
Officer
2$0
990 for the year ended May 31, 2024: 7 people
NameTitleHours / weekCompensation
KIM WATTENBARGERPRINCIPAL
Trustee or director
40$41,425
KELLY DECHRISTOFAROSECRETARY
Officer
40$30,562
DANIEL PATTERSONDIRECTOR
Trustee or director
1$0
DOUG REIDTREASURER
Trustee or director, Officer
1$0
ADAM SINGHDIRECTOR
Trustee or director
1$0
BOB TOLICHDIRECTOR
Trustee or director
1$0
JON KRAUSPRESIDENT
Officer
2$0

Address and contacts

Address (IRS master file)
325 BRAUN ST, CROSSVILLE, TN 38555-4653
In care of
% JOHN E JONES
Principal officer (990 for 2025)
JON KRAUS, 235 KNOLLWOOD TRAIL, CROSSVILLE, TN 38571
Signed the 990
JON KRAUS, PRESIDENT
Phone
(931) 707-9540
Return prepared by
BILYEU CPA GROUP PC

Mission

ELEMENTARY AND HIGH SCHOOL EDUCATION

990 for the year ended May 31, 2026

Program accomplishments

  • WE HAVE STUDENTS ENROLLED IN OUR CLASSES THAT RANGE FROM PRE-K THROUGH GRADE 12. ALL OF OUR EFFORTS HAVE BEEN CENTERED AROUND PROVIDING THESE CHILDREN AN ACADEMICALLY EXCELLENT EDUCATION AS WELL AS A STRONG CHRISTIAN ATMOSPHERE WITH BIBLICAL TEACHING WOVEN INTO EVERY ASPECT OF THEIR EDUCATION IN ORDER TO PRODUCE THE MOST GODLY, INTELLIGENT, WELL PREPARED STUDENTS POSSIBLE.
    Expenses $1,638,762 · revenue $1,473,047

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in May, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025May 31, 2026October 15, 2026990 on file
2024May 31, 2025October 15, 2025990 on file
2023May 31, 2024October 15, 2024990 on file

IRS record

EIN
14-1961130
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
School
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2007
Accounting year ends
May
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B20)
Assets (IRS master file)
$2,113,642
Income (IRS master file)
$1,584,231

Filing history

FormYear endedRevenueExpensesAssetsReturn
990May 2026$1,575,516$1,680,389$2,113,642XML
990May 2025$1,809,193$1,677,658$2,221,062IRS
990May 2024$1,538,023$1,543,783$1,889,874XML
990May 2023$1,413,813$1,345,794$1,581,935IRS
990May 2022–––IRS
990May 2021–––IRS
990May 2019–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 14-1961130).

Questions about COVENANT ACADEMY

What is the EIN of COVENANT ACADEMY?
The employer identification number (EIN) of COVENANT ACADEMY is 14-1961130.
Is COVENANT ACADEMY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
Are donations to COVENANT ACADEMY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does COVENANT ACADEMY file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of COVENANT ACADEMY due?
The return for tax year 2026 (the year ending May 31, 2027) is due October 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did COVENANT ACADEMY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended May 2026.
Who is the principal officer of COVENANT ACADEMY?
The 990 for the year ended May 31, 2026 names JON KRAUS.
Who are the officers and directors of COVENANT ACADEMY?
The 990 for the year ended May 31, 2026 lists 6 people; 2 received compensation from the organization, the highest $43,833 (KIM WATTENBARGER, PRINCIPAL).
How much revenue does COVENANT ACADEMY have?
On its 990 for the year ended May 31, 2026 it reported revenue of $1,575,516, expenses of $1,680,389 and total assets of $2,113,642 at year end.

Other nonprofits in CROSSVILLE

All nonprofits in CROSSVILLE · Tennessee · Education