COVENANT THEOLOGICAL SEMINARY

Address
PO BOX 1177
GREENVILLE, NC 27835
Contact
Website: http://www.covenanttheological.net
Phone: +1 (252) 355-2888
Nonprofit
NTEE: B50 - Graduate, Professional Schools (Separate Entities)
EIN: 56-2278236

Mission

TO TRAIN ADULTS IN THE MINISTRY OF THE CHURCH; TO ESTABLISH A MISSION DEPARTMENT OF MISSIONARIES & RECEIVE MONIES FOR SUCH; TO GRANT DEGREES, HONORARY DEGREES, & REISSUE DIPLOMAS TO THOSE WHO EARNED THEM; TO GIVE CREDIT TO THOSE WHO ACCUMULATE DATA IN THEIR WORK OF TRAVEL, LITERATURE, ART, TEACHING, & WRITING STUDIES; TO ESTABLISH NEW SCHOOLS TO DO THE SAME; TO OWN PROPERTY TO FURTHER MINISTRIES; & TO HAVE SEMINARS FOR CREDITS OR AS AUDITS.
 20172016201520142013
Basic features of the organization
Year of formation1990
Subsection code03
PF filing required0    
Metropolitan statistical area3150
Form of organization
CorporationTrue
Human resources, including compensation
Summary compensation info
Total compensation of current key personnel$28,181.00$21,185.00$26,342.00$26,505.00 
Sum of reportable (W2/1099) compensation$28,181.00$21,185.00$26,342.00$26,505.00$17,414.00
Number of employees00000
Personnel
Flynn, Judith
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personJUDITH FLYNNJUDITH FLYNNJUDITH FLYNNJUDITH FLYNNJUDITH FLYNN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Flynn, Max
TitlePRESIDENTPRESIDENTPRESIDENTPRESIDENTPRESIDENT
Name of key/compensated personMAX O FLYNNMAX O FLYNNMAX O FLYNNMAX O FLYNNMAX O FLYNN
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org15.0015.0015.0015.0010.00
Reportable compensation from org$8,796.00$6,441.00$9,528.00$11,300.00$4,750.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Horner, Ron
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personRON HORNERRON HORNERRON HORNERRON HORNERRON HORNER
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org20.0020.0020.0020.0020.00
Reportable compensation from org$19,385.00$14,744.00$16,814.00$15,205.00$12,664.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
McCoach, David
TitleDIRECTORDIRECTORDIRECTOR  
Name of key/compensated personDAVID MCCOACHDAVID MCCOACHDAVID MCCOACHDAVID MCCOACHDAVID MCCOACH
Position of compensated person
Current individual trustee or directorTrueTrueTrueTrueTrue
Average hours per week working for org1.001.001.00  
Reportable compensation from org$0.00$0.00$0.00$0.00$0.00
Other comp, non-reportable, from org and related orgs$0.00$0.00$0.00$0.00$0.00
Corresponding comp from related orgs
Reportable compensation from related orgs $0.00$0.00$0.00$0.00$0.00
Purpose: mission, activities, & accomplishments
Mission or significant activitiesTO TRAIN ADULTS IN THE MINISTRY OF THE CHURCH; TO ESTABLISH A MISSION DEPARTMENT OF MISSIONARIES & RECEIVE MONIES FOR SUCH; TO GRANT DEGREES, HONORARY DEGREES, & REISSUE DIPLOMAS TO THOSE WHO EARNED THEM; TO GIVE CREDIT TO THOSE WHO ACCUMULATE DATA IN THEIR WORK OF TRAVEL, LITERATURE, ART, TEACHING, & WRITING STUDIES; TO ESTABLISH NEW SCHOOLS TO DO THE SAME; TO OWN PROPERTY TO FURTHER MINISTRIES; & TO HAVE SEMINARS FOR CREDITS OR AS AUDITS.TO TRAIN ADULTS IN THE MINISTRY OF THE CHURCH; TO ESTABLISH A MISSION DEPARTMENT OF MISSIONARIES & RECEIVE MONIES FOR SUCH; TO GRANT DEGREES, HONORARY DEGREES, & REISSUE DIPLOMAS TO THOSE WHO EARNED THEM; TO GIVE CREDIT TO THOSE WHO ACCUMULATE DATA IN THEIR WORK OF TRAVEL, LITERATURE, ART, TEACHING, & WRITING STUDIES; TO ESTABLISH NEW SCHOOLS TO DO THE SAME; TO OWN PROPERTY TO FURTHER MINISTRIES; & TO HAVE SEMINARS FOR CREDITS OR AS AUDITS.TO TRAIN ADULTS IN THE MINISTRY OF THE CHURCH; TO ESTABLISH A MISSION DEPARTMENT OF MISSIONARIES & RECEIVE MONIES FOR SUCH; TO GRANT DEGREES, HONORARY DEGREES, & REISSUE DIPLOMAS TO THOSE WHO EARNED THEM; TO GIVE CREDIT TO THOSE WHO ACCUMULATE DATA IN THEIR WORK OF TRAVEL, LITERATURE, ART, TEACHING, & WRITING STUDIES; TO ESTABLISH NEW SCHOOLS TO DO THE SAME; TO OWN PROPERTY TO FURTHER MINISTRIES; & TO HAVE SEMINARS FOR CREDITS OR AS AUDITS.TO TRAIN ADULTS IN THE MINISTRY OF THE CHURCH; TO ESTABLISH A MISSION DEPARTMENT OF MISSIONARIES & RECEIVE MONIES FOR SUCH; TO GRANT DEGREES, HONORARY DEGREES, & REISSUE DIPLOMAS TO THOSE WHO EARNED THEM; TO GIVE CREDIT TO THOSE WHO ACCUMULATE DATA IN THEIR WORK OF TRAVEL, LITERATURE, ART, TEACHING, & WRITING STUDIES; TO ESTABLISH NEW SCHOOLS TO DO THE SAME; TO OWN PROPERTY TO FURTHER MINISTRIES; & TO HAVE SEMINARS FOR CREDITS OR AS AUDITS.TO TRAIN ADULTS IN THE MINISTRY OF THE CHURCH; TO ESTABLISH A MISSION DEPARTMENT OF MISSIONARIES & RECEIVE MONIES FOR SUCH; TO GRANT DEGREES, HONORARY DEGREES, & REISSUE DIPLOMAS TO THOSE WHO EARNED THEM; TO GIVE CREDIT TO THOSE WHO ACCUMULATE DATA IN THEIR WORK OF TRAVEL, LITERATURE, ART, TEACHING, & WRITING STUDIES; TO ESTABLISH NEW SCHOOLS TO DO THE SAME; TO OWN PROPERTY TO FURTHER MINISTRIES; & TO HAVE SEMINARS FOR CREDITS OR AS AUDITS.
Program service expenses, total$27,138.00$21,875.00$18,785.00$22,220.00$15,378.00
Programs, including revenue & expenses
EXPENSES ARE FOR MATERIALS AND BOOKS FOR STUDENTS ENROLLED IN THE SEMINARY. ALSO, EXPENSES ARE FOR CONVOCATION, GRADUATION, BANQUET, AND CONVENTION DIRECTLY RELATED TO THE STUDENTS' EDUCATION AND ATTRITION INTO THE MINISTRY.
Program expenses$27,138.00$21,875.00$18,785.00$22,220.00$15,378.00
Program revenue   $23,220.00$16,000.00
Program descriptionEXPENSES ARE FOR MATERIALS AND BOOKS FOR STUDENTS ENROLLED IN THE SEMINARY. ALSO, EXPENSES ARE FOR CONVOCATION, GRADUATION, BANQUET, AND CONVENTION DIRECTLY RELATED TO THE STUDENTS' EDUCATION AND ATTRITION INTO THE MINISTRY.EXPENSES ARE FOR MATERIALS AND BOOKS FOR STUDENTS ENROLLED IN THE SEMINARY. ALSO, EXPENSES ARE FOR CONVOCATION, GRADUATION, BANQUET, AND CONVENTION DIRECTLY RELATED TO THE STUDENTS' EDUCATION AND ATTRITION INTO THE MINISTRY.EXPENSES ARE FOR MATERIALS AND BOOKS FOR STUDENTS ENROLLED IN THE SEMINARY. ALSO, EXPENSES ARE FOR CONVOCATION, GRADUATION, BANQUET, AND CONVENTION DIRECTLY RELATED TO THE STUDENTS' EDUCATION AND ATTRITION INTO THE MINISTRY.EXPENSES ARE FOR MATERIALS AND BOOKS FOR STUDENTS ENROLLED IN THE SEMINARY. ALSO, EXPENSES ARE FOR CONVOCATION, GRADUATION, BANQUET, AND CONVENTION DIRECTLY RELATED TO THE STUDENTS' EDUCATION AND ATTRITION INTO THE MINISTRY.EXPENSES ARE FOR MATERIALS AND BOOKS FOR STUDENTS ENROLLED IN THE SEMINARY. ALSO, EXPENSES ARE FOR CONVOCATION, GRADUATION, BANQUET, AND CONVENTION DIRECTLY RELATED TO THE STUDENTS' EDUCATION AND ATTRITION INTO THE MINISTRY.
Financial data
Revenue
Total revenue$73,137.00$54,607.00$59,463.00$57,507.00$47,653.00
Revenue from contributions (total)$73,137.00$54,607.00$59,463.00$57,507.00$47,653.00
Investment income, current yr$0.00$0.00$0.00$0.00$0.00
Total revenue from grants, etc., current yr$73,137.00$54,607.00$59,463.00$57,507.00$47,653.00
Total unrelated business revenue$0.00$0.00$0.00$0.00$0.00
Other revenue, current yr$0.00$0.00$0.00$0.00$0.00
Program service revenue (total)  $0.00$0.00$0.00
Gross receipts$73,137.00$54,607.00$59,463.00$57,507.00$47,653.00
Sources of contributions
Revenue from all other contributions$73,137.00$54,607.00$59,463.00$57,507.00$47,653.00
Other types of revenue
Net rental income  $0.00$0.00$0.00
Expense categories (totals)
Total functional expenses: sum of all$72,308.00$58,134.00$55,534.00$55,533.00$46,314.00
Total functional expenses: program service $27,138.00$21,875.00$18,785.00$22,220.00$15,378.00
Total functional expenses: management and general$45,170.00$36,259.00$36,749.00$33,313.00$30,936.00
Total functional expenses: fundraising$0.00$0.00$0.00$0.00$0.00
Fees for services
Legal fees (total) $960.00   
Fundraising service fees (total)$0.00$0.00$0.00$0.00$0.00
General management fees (total)    $17,414.00
Assets and liabilities
Total assets$4,639.00$3,810.00$7,337.00$3,408.00$2,647.00
Total assets, beginning of year$3,810.00$7,337.00$3,408.00$2,647.00$1,810.00
Total liabilities$0.00$0.00$0.00$0.00$1,213.00
Total liabilities, beginning of year   $1,213.00$1,715.00
Unrestricted net assets, end of yr$4,639.00$3,810.00$7,337.00$3,408.00$1,434.00
Net assets$4,639.00$3,810.00$7,337.00$3,408.00$1,434.00
Net assets, beginning of year$3,810.00$7,337.00$3,408.00$1,434.00$95.00
Other liabilities    $1,213.00
Cash: non-interest bearing$4,189.00$1,361.00$2,525.00$559.00$409.00
Cash: non-interest bearing, beginning of year$1,361.00$2,525.00$559.00$409.00 
Other financial variables
Revenue less expenses$829.00-$3,527.00$3,929.00$1,974.00$1,339.00
Savings & temp cash investment$450.00$450.00$450.00$450.00$300.00
Total net assets or fund balances$4,639.00$3,810.00$7,337.00$3,408.00$1,434.00
Depreciation, depletion, amortization  $29.00$172.00$172.00
Governance and accountability
Number of voting members44444
Number of independent voting members44444
Relationships among key personnelTrueTrueTrue  
Cash accountingTrueTrueTrueTrueTrue
Tax year start date2017-01-012016-01-012015-01-012014-01-012013-01-01
Tax year end date2017-12-012016-12-012015-12-012014-12-012013-12-01
Metadata about the filing
E-return type: 990, 990EZ, or 990PF990990990990990
Date e-filing submitted2018-05-232017-08-032016-11-082015-08-242014-12-29
IRS schema version2017v2.22016v3.02015v2.12014v5.02013v3.1
Filing identifier201810459349301591201730379349301233201622289349302812201531389349300768201443189349304359
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