Nonprofit · EIN 82-2350694
COVENANT CLASSICAL ACADEMY
Tax-exempt · ELIZABETH CTY, NC 27909
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $260,063 | $297,919 | -$37,856 | $19,086 | $25,962 | -$6,876 |
| December 31, 2023 | 990-EZ | $184,641 | $175,267 | $9,374 | $40,285 | $25,962 | $14,323 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $500
- Program service revenue
- $259,563
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $194,440
- Salaries, compensation and benefits (total)
- $209,751
- Professional fundraising fees
- $0
- Accounting fees
- $2,386
- Occupancy
- $44,537
- Program services (functional)
- $227,505
- Management and general (functional)
- $70,414
Balance sheet and other
- Total assets, start of year
- $40,285
- Total assets, end of year
- $19,086
- Total liabilities, end of year
- $25,962
- Net assets, end of year
- -$6,876
- Net assets without donor restrictions
- -$6,876
- Gross receipts
- $260,063
- Employees
- 23
- Volunteers
- 5
- Year formed
- 2021
- State of legal domicile
- NC
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 December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Caasi Suaava | Headmaster Trustee or director | 10 | $0 |
| Kathy Arrick | Board Member Trustee or director | 6 | $0 |
| Jeff Terry | Board Member Trustee or director | 10 | $0 |
| Carol Terryberry | Board Chair Officer | 10 | $0 |
| Christi Panek | Dean of Academics Officer | 10 | $0 |
| Daniel Cenci | Board Member Former | 10 | $0 |
990-EZ for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Carol Terryberry | Board Chair | 10 | $0 |
| Christi Panek | Vice Chair and Dean of Faculty | 10 | $0 |
Address and contacts
- Address (IRS master file)
- 105 MARGARET DR, ELIZABETH CTY, NC 27909-8452
- In care of
- % CAROL TERRYBERRY
- Mailing address (990-N for 2022)
- 105 Margaret Dr, Elizabeth City NC 27909
- Principal officer (990 for 2024)
- Carol Terryberry, 105 Margaret Drive, Elizabeth City, NC 27909
- Principal officer (990-N for 2022)
- Carol Terryberry, 105 Margaret Drive, Elizabeth City NC 27909
- Signed the 990
- CAROL TERRYBERRY, Board Chair
- Phone
- (252) 340-3638
- Return prepared by
- The Tax Lady LLC
Mission
Equip children to become wise & virtuous young men & women who excel academically, think biblically, & love the truth, goodness, & beauty that corresponds to God & His world, by using a rigorous, time-tested classical method, the trivium, that mirrors their natural development.
Program accomplishments
- Each year achieving the goal of providing children with a rigorous classical education grounded in biblical truth so they may grow in wisdom and virtue as lifelong learners who serve their communities.Expenses $227,505 · revenue $260,063
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-EZ on file |
IRS record
- EIN
- 82-2350694
- 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
- 2019
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Education (B20)
- Assets (IRS master file)
- $19,086
- Income (IRS master file)
- $260,063
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $260,063 | $297,919 | $19,086 | XML |
| 990-EZ | December 2023 | $184,641 | $175,267 | $40,285 | XML |
| 990-N for 2022 Officer: Carol Terryberry | December 31, 2022 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Carol Terryberry | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: DONNA BOHAKER | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 82-2350694).
Questions about COVENANT CLASSICAL ACADEMY
- What is the EIN of COVENANT CLASSICAL ACADEMY?
- The employer identification number (EIN) of COVENANT CLASSICAL ACADEMY is 82-2350694.
- Is COVENANT CLASSICAL ACADEMY tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to COVENANT CLASSICAL ACADEMY tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COVENANT CLASSICAL 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 CLASSICAL ACADEMY due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did COVENANT CLASSICAL ACADEMY last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of COVENANT CLASSICAL ACADEMY?
- The 990 for the year ended December 31, 2024 names Carol Terryberry.
- Who are the officers and directors of COVENANT CLASSICAL ACADEMY?
- The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
- How much revenue does COVENANT CLASSICAL ACADEMY have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $260,063, expenses of $297,919 and total assets of $19,086 at year end.
Other nonprofits in ELIZABETH CTY
- NORTHEAST ACADEMY FOR AEROSPACE & ADVANCED TECHNOLOGIES EIN 46-4978300 · last filed 990 for 2025
- MID-ATLANTIC CHRISTIAN UNIVERSITY INC EIN 56-1065978 · last filed 990 for 2025
- ALBEMARLE ALLIANCE FOR CHILDREN AND FAMILIES INC EIN 56-2088109 · last filed 990 for 2025
- ALBEMARLE EDUCATIONAL FOUNDATION INC EIN 56-0849318 · last filed 990 for 2025
- COLLEGE OF THE ALBEMARLE FOUNDATION INC EIN 58-1399254 · last filed 990 for 2025
- MID-ATLANTIC CHRISTIAN UNIVERSITY FOUNDATION INC EIN 56-1467140 · last filed 990 for 2025
- ELIZABETH CITY-PASQUOTANK PUBLIC SCHOOL FOUNDATION INC EIN 56-1715284 · last filed 990 for 2025
- NEAAAT FOUNDATION EIN 88-1466579 · last filed 990 for 2025
All nonprofits in ELIZABETH CTY · North Carolina · Education