2024-03-21T10:51:13+00:00 2023-06-30 430719506 Capin Crouse LLP 1255 Lakes Parkway Suite 105 Lawrenceville GA 30043 990 2022-07-01 430719506 Covenant College COVE 7068201560 14049 Scenic Highway Lookout Mountain GA 30750 Mark Huffines Controller 7068201560 2024-03-21 true Mark Huffines 999009999 Daren Daiga P01074795 5055022746 2022 2023-04-26 12:10:37Z Dr Brad Voyles 14049 Scenic Highway Lookout Mountain GA 30750 52750984 false X www.covenant.edu X 1955 GA To provide Christ-centered higher educational services. 29 29 953 29 7782 1372 9293033 7349533 41403736 41766867 3297193 503050 88595 70161 54082557 49689611 19408420 19281677 0 0 18293354 19066495 0 0 2625016 14140420 14892740 51842194 53240912 2240363 -3551301 101474646 99704112 3250181 2688078 98224465 97016034 X To explore and express the preeminence of Jesus Christ in all things; to educate Christians to engage culture and cultures; to examine and unfold creation; and to pursue biblical justice and mercy in community with the student-faculty relationship, strong teaching, and scholarship at the foundation. Our Christ-centered community seeks to help students mature in three primary areas: identity in Christ, Biblical frame of reference, and service that is Christ-like. false false 28219271 19281677 25745213 Instructional expenses: These expenses relate directly to the academic disciplines of the College. With approximately thirty majors, two master's programs, and more than fifty minors and concentrations, Covenant College provided nearly 900 students with a well-rounded liberal arts education while simultaneously preparing them for careers or advanced degrees in theology, medicine, business, art, music, engineering, education, psychology, international relations, and much more. 8215081 0 7494843 Auxiliary enterprises and independent operations: The College's four residence halls, student apartments, and dining hall compose the auxiliary enterprises. While all of the halls offer a close, supportive community of students, each building has its own distinctive personality and each floor has its own identity and traditions. Additionally, the College hosts camps and conferences and has an onsite gift shop filled with Covenant apparel, classroom supplies, snacks and other items. The camps and conferences as well as the gift shop are included in independent operations. 7464065 0 6809671 Student services: Student services at Covenant help create a rich learning environment for our students. From the moment a student becomes interested in attending Covenant, the admissions office provides him or her with resources and personalized attention to help each student make an informed and thoughtful decision about where to attend college. The student development office fosters a positive residential experience through intentional training with resident assistants, hall presidents, and dorm councils. In addition to campus activities, student development offers student training programs, individual academic counsel, professional counseling and medical services to students. Our records and financial aid offices personally work with students to ensure they are on track for graduation and are financially able to complete their education at Covenant. Students have access to the Center for Calling & Career, where they learn to build a resume, write a cover letter, interview well, and network with future employers. 1931145 0 1761836 Academic support: The College works to provide students with academic support at every stage of their Covenant education. In addition to highly qualified staff, the Covenant library is networked with more than 18,000 other institutions worldwide, providing interlibrary loan access and document delivery services to over 1.3 billion library items. Our library was eleventh in the world to go live with the Online Computer Library Center's new cloud-based operating system, Web-scale Management Service. Covenant's writing center is located in the library, providing students one-on-one tutoring for essays, research papers, and any writing-related assignments. The Office of Academic Affairs at Covenant works to provide support for deans and faculty members as they seek to provide a rigorous education to Covenant students. Covenant's master of education and master of arts in teaching degrees offered by the graduate school of education at Covenant provide students with the exceptional opportunity of completing a master's degree in one year. Covenant's Maclellan Scholars program offers courses designed to encourage critical thinking and develop the skills of potential Christian leaders. Students in the program travel internationally while at Covenant and demonstrate leadership through student-initiated projects. 1931145 1761836 45829562 true true false false false false true true true true true false false true false false true true false true false false false true false false true true true false false false false false false false false true false false false true true true true false false true 1361 0 true 953 true true true false false false false true true false false false false false false X 29 29 true false false false false true false true true false false true true true true true true true true false GA X Mark Huffines 7064191136 14049 Scenic Highway Lookout Mountain GA 30750 Craig Wood Chairman 1.0 1.0 X X 0 0 0 Dr Robert Rayburn Secretary 1.0 0.0 X X 0 0 0 John Truschel Vice Chairman 1.0 1.0 X X 0 0 0 Martin Moore Treasurer 1.0 1.0 X X 0 0 0 Bob Curtis Trustee 1.0 1.0 X 0 0 0 Bruce Terrell Trustee 1.0 0.0 X 0 0 0 David Caines Trustee 1.0 0.0 X 0 0 0 Don Mellott Trustee 1.0 0.0 X 0 0 0 Dr Bill Barcley Trustee 1.0 0.0 X 0 0 0 Dr Bradley Harris Trustee 1.0 0.0 X 0 0 0 Dr Gordon Sluis Trustee 1.0 0.0 X 0 0 0 Dr Render Caines Trustee 1.0 0.0 X 0 0 0 Drew Jelgerhuis Trustee 1.0 0.0 X 0 0 0 Duncan Highmark Trustee 1.0 0.0 X 0 0 0 Mark Griggs Trustee 1.0 0.0 X 0 0 0 Rev Alexander Brown Trustee 1.0 0.0 X 0 0 0 Rev Bradley Barnes Trustee 1.0 0.0 X 0 0 0 Rev Kevin Smith Trustee 1.0 0.0 X 0 0 0 Rev Lance Lewis Trustee 1.0 0.0 X 0 0 0 Rev Matt Fray Trustee 1.0 0.0 X 0 0 0 Rev Omari Hill Trustee 1.0 0.0 X 0 0 0 Rev Scott Seaton Trustee 1.0 0.0 X 0 0 0 Rev Tom Groelsema Trustee 1.0 0.0 X 0 0 0 Richard Bowser Trustee 1.0 1.0 X 0 0 0 Sam R Smartt Jr Trustee 1.0 1.0 X 0 0 0 Sean McGowan Trustee 1.0 0.0 X 0 0 0 Steve Sligh Trustee 1.0 0.0 X 0 0 0 Towner Scheffler Trustee 1.0 0.0 X 0 0 0 Wills Ryan Trustee 1.0 0.0 X 0 0 0 Dr J Derek Halvorson President 40.0 1.0 X 270382 0 31535 Fred Verwoerd VP Operations & Finance, CFO (part year) 40.0 1.0 X 122033 0 21654 Mark Huffines Controller 40.0 1.0 X 0 0 0 Marc Erickson VP for Development/CCF Pres. 35.0 5.0 X 189095 0 22071 Brian Fikkert Professor of Econ. & Community Dev. 40.0 0.0 X 109437 0 26808 Dr Brad Voyles VP for Student Development 40.0 0.0 X 134542 0 22318 Dr Kelly Kapic Professor of Theological Studies 40.0 0.0 X 112899 0 2152 Jeff Sandhoff Major Gift Officer 40.0 0.0 X 158936 0 24144 Marshall Rowe Regional Director of Development 40.0 0.0 X 106863 0 22593 1204187 0 173275 9 false true false Creative Dining Services Inc 1 Royal Park Drive Suite 3 Zeeland MI 49464 Dining Services 3073000 GroundsCare Unlimited LLC 6118 New Chapel Road Springfield TN 37172 Landscaping 276588 Mechanical Resource Group LLC 750 Melrose Avenue Nashville TN 37211 HVAC Equipement & Service 253238 Howard Morton Construction Inc PO Box 105 Lookout Mountain TN 37350 General Contractor 191428 Premier Transportation LLC 1500 Brenda Drive Knoxville TN 37918 Bus Service 169022 9 9983 757470 889821 5692259 346581 7349533 Tuition and Fees 611310 32111892 32111892 Auxiliary Enterprises 611310 7622301 7622301 Independent Operations 611310 1750982 1750982 281692 281692 0 0 41766867 1118703 4144 1114559 77002 56270 20732 0 20732 20732 2371809 2987462 -615653 0 -615653 3638 -619291 22374 9983 17641 4733 4733 44696 44696 0 0 44696 49689611 41811563 7782 520733 10787 10787 19270890 19270890 676170 100638 474893 100639 14423873 11850271 1077314 1496288 175706 144383 12129 19194 2821579 2038686 489439 293454 969167 754330 115886 98951 43636 43634 2 86535 86535 147218 147218 1427562 913456 422620 91486 402839 68872 227905 106062 1290967 908571 302722 79674 637683 260853 372946 3884 1719326 1436646 254495 28185 1442878 1139809 107014 196055 195856 111109 50405 34342 232642 232642 3397522 3219355 154876 23291 170288 133197 37091 Food Service 3406126 3342157 31655 32314 291662 125552 144915 21195 53240912 45829562 4786334 2625016 4502 18060 4313435 2169306 1002872 1182605 12500 0 0 73346 75645 308530 520094 111981770 57495661 56465113 54486109 22891470 24747529 15763783 16091666 639095 413098 0 0 101474646 99704112 1866492 1817570 607393 289937 259963 299986 0 516333 280585 3250181 2688078 X 63177966 59699926 35046499 37316108 98224465 97016034 101474646 99704112 -3551301 2342870 0 X false true X true true true X 5762357 10332332 7732076 9293033 7349533 40469331 0 0 5762357 10332332 7732076 9293033 7349533 40469331 55342 40413989 715603 1590400 938496 3568989 1195705 8009193 6105 6105 1536297 132613 50003 89658 44696 1853267 50337896 204354822 0.8029 0.7392 X Schedule A, Part II The organization is a school as described under 170(b)(1)(A)(ii) and is not required to complete a public support schedule. Schedule A, Part II is completed to verify the School can qualify under public charity status section 170(b)(1)(A)(vi) and, therefore, qualifies to use the first listed special rule for Schedule B reporting. Schedule A, Part II, Line 10 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - 1536297.0, COLUMN B - 132613.0, COLUMN C - 50003.0, COLUMN D - 89658.0, COLUMN E - 44696.0, COLUMN F - 1853267.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 38500 X X false false true X 53641234 2471067 4000242 1770613 798220 57543710 58567097 3156180 -5353703 1695642 1032698 53641234 43363592 4969972 12367641 1539953 594155 58567097 42680820 2163974 585227 1519655 546774 43363592 42048006 604493 1959755 1310643 620791 42680820 0.1858 0.8142 0.0 false true true 2037883 2037883 95836349 47146146 48690203 13878592 10349515 3529077 228946 228946 54486109 Hedge 14687666 F Private Equity 1237700 F Real Estate & Commodities 166300 F 16091666 Funds Held in Federal Loans Programs 280585 280585 32939734 2342870 73911 2416781 30522953 147218 19019440 19166658 49689611 34148165 73911 73911 34074254 147218 19019440 19166658 53240912 Schedule D, Part III, Line 4 Collections of art - description of collections The College was gifted a collection of Audubon art prints, which promote the arts to students and the public. Schedule D, Part IV, Line 2b Explanation of escrow agreement Deposits held in custody represent amounts held as agency accounts for various College clubs and activities. Schedule D, Part V, Line 4 Intended uses of endowment funds Endowment funds are invested to produce income, which is used to fund scholarships, pay for salary and general operation expenses, and maintain facilities. Schedule D, Part XI, Line 2(d) Other revenues in audited financial statements not in form 990 Rental Expenses - 56270 Fundraising Event Expenses - 17641 Schedule D, Part XI, Line 4(b) Other revenues in form 990 not in audited financial statements Student Aid - 19019440 Schedule D, Part XII, Line 2(d) Other expenses in audited financial statements not in form 990 Rental Expenses - 56270 Fundraising Event Expenses - 17641 Schedule D, Part XII, Line 4(b) Other expenses in form 990 not in audited financial statements Student Aid - 19019440 true true true true true true true false false false false false false false false true false true Schedule E, Part I, Line 3 RACIALLY NONDISCRIMINATORY POLICY The organization publicized its racially nondiscriminatory policy on the homepage of its website at all times during its tax year in a manner reasonably expected to be noticed by visitors. The policy is also included in the graduate and undergraduate catalogs, the college application for admission, and college advertising. Schedule E, Part I, Line 6(a) FINANCIAL AID OR ASSISTANCE FROM A GOVERNMENT The college receives assistance from the following federal programs: Federal Supplemental Educational Opportunity Grant, Federal Work Study, Federal Perkins Loan Program (in accordance with federal regulations no new loans are being issued; current activity is limited to collecting existing loans), Federal Pell Grant Program and Federal Direct Loan Program. The college also received assistance under the Higher Education Emergency Relief Fund under the CARES Act. Europe (Including Iceland and Greenland) 0 0 Program Services Study abroad program 146775 East Asia and the Pacific 0 0 Program Services Study Abroad Program 8950 Central America and the Caribbean 0 0 Investments 3997650 Middle East and North Africa 0 0 Program Services Study Abroad Program 60176 South America 0 0 Program Services Study abroad program 15500 0 0 0 0 0 0 4229051 0 4229051 true false true true true false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements CENTRAL AMERICA AND THE CARIBBEA; EAST ASIA AND THE PACIFIC-Accrual; EUROPE (INCLUDING ICELAND AND GREENLAND)-Accrual; MIDDLE EAST AND NORTH AFRICA-Accrual; SOUTH AMERICA-Accrual 2023 Highlander Cup 32357 9983 22374 12914 4727 0 0 32357 9983 22374 12914 4727 17641 4733 true Presbyterian Church in America 1700 North Brown Rd Suite 105 Lawrenceville GA 30043 581187261 501(c)(3) 6350 Program Support 1 0 Federal grantor/pass-through grantor/program and student financial aid from the College. 875 19019440 HEERF Grants 890 251450 Schedule I, Part I, Line 2 Procedures for monitoring use of grant funds. The College provided program assistance to a affiliated organization in connection with a conference which the College was a co-host and participates on a host committee to ensure the funds are use for their intended purpose. The College provides scholarships/grants to students enrolled in its programs. Scholarships/grants are awarded based upon academic merit and/or financial need depending on the criteria established by the College and/or the donor funding the award. To be considered for scholarship/grant assistance, students must apply for admission and submit academic transcripts of prior education work, test scores (ACT/SAT), an application for the scholarship program, and support of financial need (e.g. FAFSA and tax returns). Some scholarships require additional recommendations or certifications by third parties. Academic progress of scholarship recipients is monitored, and recipients must earn both a minimum amount of college credits and a minimum GPA each semester in order to maintain eligibility. Scholarships/grants are applied directly to student accounts. X X X true true X X false false false true true false false false false Dr J Derek Halvorson President 260242 0 0 0 10140 0 5052 0 26483 0 301917 0 0 0 Marc Erickson VP for Development/CCF Pres. 154903 0 24758 0 9434 0 3135 0 18936 0 211166 0 0 0 Jeff Sandhoff Major Gift Officer 104863 0 44064 0 10009 0 1842 0 22302 0 183080 0 0 0 Dr Brad Voyles VP for Student Development 133975 0 0 0 567 0 2434 0 19884 0 156860 0 0 0 Schedule J, Part I, Line 1a Travel for companions The President's wife travels with him on occasion, and this is included in his taxable income. Schedule J, Part I, Line 1a Tax indemnification and gross-up payments Tax indemnification and gross up benefits are provided for the President and the VP for Development/CCF President, and this is included in their taxable income. Schedule J, Part I, Line 1a Health or social club dues or initiation fees Club dues are reimbursed for the President and the VP for Development/CCF President and this is included in taxable income. Schedule J, Part I, Line 5a Compensation contingent on revenues of the organization Major Gift Officers have the ability to earn additional pay under a Performance Based Pay program established in conjunction with the Board. Under this program Marc Erickson, VP for Development/CCF President, Jeff Sandhoff, Major Gift Officer and Marshall Rowe, Regional Director of Development received a bonus based on their 2022 performance related to the Impact endowment campaign. The incentive compensation is reported in Part II, Column B(ii). Schedule J, Part I, Line 5b Compensation contingent on revenues of a related organization Major Gift Officers have the ability to earn additional pay under a Performance Based Pay program established in conjunction with the Board. Under this program Marc Erickson, VP for Development/CCF President, Jeff Sandhoff, Major Gift Officer and Marshall Rowe, Regional Director of Development received a bonus based on their 2022 performance related to the Impact endowment campaign. The incentive compensation is reported in Part II, Column B(ii). X 7 346581 Selling cost 1 false true false Schedule M, Part I Explanations of reporting method for number of contributions Securities - Publicly traded - The number of contributions represent the number of contributions received, not the number of items donated. Form 990, Part III, Line 4d Description of other program services (Expenses $ 1,931,145 including grants of $ 0)(Revenue $ 1,761,836) Academic support: The College works to provide students with academic support at every stage of their Covenant education. In addition to highly qualified staff, the Covenant library is networked with more than 18,000 other institutions worldwide, providing interlibrary loan access and document delivery services to over 1.3 billion library items. Our library was eleventh in the world to go live with the Online Computer Library Center's new cloud-based operating system, Web-scale Management Service. Covenant's writing center is located in the library, providing students one-on-one tutoring for essays, research papers, and any writing-related assignments. The Office of Academic Affairs at Covenant works to provide support for deans and faculty members as they seek to provide a rigorous education to Covenant students. Covenant's master of education and master of arts in teaching degrees offered by the graduate school of education at Covenant provide students with the exceptional opportunity of completing a master's degree in one year. Covenant's Maclellan Scholars program offers courses designed to encourage critical thinking and develop the skills of potential Christian leaders. Students in the program travel internationally while at Covenant and demonstrate leadership through student-initiated projects. Form 990, Part VI, Line 1a Delegate broad authority to a committee The Executive Committee is composed of the four officers of the Board, the Chair of the Trustee Development/Spiritual Life Committee, and five other trustees as determined by the Board Chairman, the College President, and the Trustee Development/Spiritual Life Committee Chairman. The Board of Trustees may delegate to the Executive Committee any of the powers and authority of the Board in the management of the business affairs of the Corporation. The Executive Committee transactions shall be reported regularly to the Board of Trustees and are subject to ratification. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons Dr. Render Caines and David Caines - Family relationship, Sam Smartt, Fr. and David Caines - Family relationship Form 990, Part VI, Line 7a Members or stockholders electing members of governing body The General Assembly of the Presbyterian Church in America elects members to the Board of Trustees and fills vacancies. The Assembly may, at its discretion, increase or decrease the number of Trustees. Form 990, Part VI, Line 11b Review of form 990 by governing body Form 990 is prepared by an independent CPA firm and reviewed in detail by the organization's top management. The reviewed Form 990 is then provided to the board of directors prior to filing with the IRS. Form 990, Part VI, Line 12c Conflict of interest policy The officers, directors, key employees and committee members with Board delegated powers are required to sign a disclosure form annually. The Executive Committee reviews the signed statements and enforces compliance with the conflict of interest policy. Any board member with a conflict of interest abstains from voting on matters in which there could be a conflict of interest. Form 990, Part VI, Line 15a Process to establish compensation of top management official Annually, the independent Executive Committee reviews the President's salary in comparison with salary studies before submitting the proposed salary to the governing Board of Trustees for approval. This review and approval is documented in the Executive Committee meeting minutes. Form 990, Part VI, Line 15b Process to establish compensation of other employees The independent President uses comparability data to determine compensation for the College's officers and executives. This process is documented. Form 990, Part VI, Line 19 Required documents available to the public The College's governing documents, conflict of interest policy, and financial statements are made available upon request. Form 990, Part VIII, Line 2f Other Program Service Revenue Other Program Revenue - Total Revenue: 281692, Related or Exempt Function Revenue: 281692, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Form 990, Part VIII, Line 11d Other Miscellaneous Revenue Other Income - Total Revenue: 44696, Related or Exempt Function Revenue: 44696, Unrelated Business Revenue: , Revenue Excluded from Tax Under Sections 512, 513, or 514: ; Schedule F, Part IV Part IV, Lines 1, 3, 4, and 5 The College has ownership in foreign investments as indicated in Schedule F, Part I. The College analyzed its ownership in foreign organizations, both through partnership investments and directly, and has determined that it does not meet the reporting thresholds for Forms 8621 and 5471. The College does meet the reporting thresholds for Form 926 and Form 8865 and those forms have been prepared and filed. Carter Hall Landlord LLC 14049 Scenic Highway Lookout Mountain GA 30750 300885287 Residence hall and dining hall for Covenant College students GA 0 0 Covenant College Center Hall Manager LLC Carter Hall Manager LLC 14049 Scenic Highway Lookout Mountain GA 30750 475304636 Residence hall and dining hall services for Covenant College students GA 0 0 Covenant College Covenant College Foundation Inc 14049 Scenic Highway Lookout Mountain GA 30750 276598736 Supporting Organization GA 501(c)(3) Type II Covenant College true false false true false false false false false false false false false true true true false true false false Covenant College Foundation Inc C 757470 Book value Covenant College Foundation Inc M 145546 Book value Covenant College Foundation Inc O 2298264 Book value Covenant College Foundation Inc Q 65259 Book value