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Nonprofit · EIN 74-2962589

EXCELLENT COVENANT CHRISTIAN ACADEMY INC

Also known as NEW BEGINNINGS CHRISTIAN ACADEMY

Tax-exempt (reinstated) · KILLEEN, TX 76543

Financials

$271K$215K2021$389K$289K2022
Revenue Expenses · by fiscal year end
Financials of EXCELLENT COVENANT CHRISTIAN ACADEMY INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
August 31, 2023990$388,738$288,538$100,200$203,791$6,906$196,885
August 31, 2022990 (amended)$271,239$215,400$55,839$101,422$5,020$96,402
Financial details: 990 for the year ended August 31, 2023

Revenue

Contributions, gifts and grants
$283,278
Program service revenue
$105,460
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$31,870
Other salaries and wages
$93,922
Salaries, compensation and benefits (total)
$135,820
Professional fundraising fees
$0
Accounting fees
$8,083
Occupancy
$51,716
Travel
$75
Depreciation
$3,193
Program services (functional)
$268,755
Management and general (functional)
$19,783

Balance sheet and other

Total assets, start of year
$101,422
Total assets, end of year
$203,791
Total liabilities, end of year
$6,906
Net assets, end of year
$196,885
Land, buildings and equipment
$18,316
Net assets without donor restrictions
$196,885
Gross receipts
$388,738
Employees
13
Volunteers
0
Year formed
2013
State of legal domicile
TX

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 August 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
CONNIE BRICESECRETARY/TREASURER
Officer
40$31,870
KELVIN NEROPRESIDENT
Officer
5$0
SABRINA NEROVICE PRESIDENT
Officer
5$0
990 for the year ended August 31, 2022: 3 people
NameTitleHours / weekCompensation
CONNIE BRICESECRETARY/TREASURER
Officer
40$28,463
KELVIN NEROPRESIDENT
Officer
5$0
SABRINA NEROVICE PRESIDENT
Officer
5$0

Address and contacts

Address (IRS master file)
3621 E VETERANS MEMORIAL DR, KILLEEN, TX 76543-4644
In care of
% NEW BEGINNINGS CHRISTIAN ACADEMY
Principal officer (990 for 2022)
KEVIN NERO, 3621 E VETERANS MEMORIAL BLVD, KILLEEN, TX 76543
Signed the 990
KEVIN NERO, PRESIDENT
Phone
(254) 680-8277
Return prepared by
THOMPSON PRICE SCOTT ADAMS & CO

Mission

OUR MISSION STATEMENT IS TO PROVIDE A CHRIST-CENTERED, ACADEMICALLY SOUND EDUCATION, WHILE COMMISSIONING STUDENTS TO BE FUTURE LEADERS WHO EXCEL IN THEIR INDIVIDUAL PURSUITS AS DIRECTED BY GOD.

990 for the year ended August 31, 2023

Program accomplishments

  • NON-DENOMINATIONAL BIBLE BASED EDUCATION TO CHILDREN AGES 4 YEARS TO 6TH GRADE.
    Expenses $268,755 · revenue $105,460

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 August, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025August 31, 2026January 15, 2027Not due yet
2024August 31, 2025January 15, 2026Not on file
2023August 31, 2024January 15, 2025Not on file

IRS record

EIN
74-2962589
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
2020
Accounting year ends
August
Files
Form 990 or 990-EZ
Category (NTEE)
Education (B24)
Assets (IRS master file)
$203,791
Income (IRS master file)
$388,738

Revocation and reinstatement

Exemption revoked
January 15, 2018
Posted by the IRS
April 9, 2018
Reinstated
Effective January 15, 2018

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990August 2023$388,738$288,538$203,791XML
990August 2022$271,239$215,400$101,422XML
990-EZAugust 2022–––IRS
990August 2021–––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 74-2962589).

Questions about EXCELLENT COVENANT CHRISTIAN ACADEMY INC

What is the EIN of EXCELLENT COVENANT CHRISTIAN ACADEMY INC?
The employer identification number (EIN) of EXCELLENT COVENANT CHRISTIAN ACADEMY INC is 74-2962589.
Is EXCELLENT COVENANT CHRISTIAN ACADEMY INC tax-exempt?
Yes. The IRS revoked its exemption on January 15, 2018 and reinstated it effective January 15, 2018.
Are donations to EXCELLENT COVENANT CHRISTIAN ACADEMY INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does EXCELLENT COVENANT CHRISTIAN ACADEMY INC 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 EXCELLENT COVENANT CHRISTIAN ACADEMY INC due?
The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did EXCELLENT COVENANT CHRISTIAN ACADEMY INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended August 2023.
Who is the principal officer of EXCELLENT COVENANT CHRISTIAN ACADEMY INC?
The 990 for the year ended August 31, 2023 names KEVIN NERO.
Who are the officers and directors of EXCELLENT COVENANT CHRISTIAN ACADEMY INC?
The 990 for the year ended August 31, 2023 lists 3 people; 1 received compensation from the organization, the highest $31,870 (CONNIE BRICE, SECRETARY/TREASURER).
How much revenue does EXCELLENT COVENANT CHRISTIAN ACADEMY INC have?
On its 990 for the year ended August 31, 2023 it reported revenue of $388,738, expenses of $288,538 and total assets of $203,791 at year end.

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