Covenant Christian Academy
Legal name: Covenant Christian Academy Inc
Nonprofit profile at a glance
- EIN
- 043170101
- IRS 990 coverage
- 2011–2024
- Official website data refreshed
- Aug 2026
- Forms available
- Form 990 2024
- Location
- West Peabody, MA, United States
- Phone
- 978.535.7100
- Rating
- 86
- Verdict
- STRONG
- Rating confidence
- Moderate
- Affiliation
- Christianity
Reported finances
- Revenue
- $8,616,438
- Expenses
- $8,286,131
- Assets
- $16,321,441
- Liabilities
- $9,877,441
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
8 people listed
Highest reported compensation
- David Anastasi (Head of School): $149,529 total reported compensation
- Andrea Bergstrom (Lower School Principal): $97,375 total reported compensation
- Jessica Rossotti (CFO): $78,810 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Covenant Christian Academy offers a Christian and Classical education that builds students’ academic, spiritual, and social foundations for lives of leadership and service in today’s global community. Covenant Christian Academy’s faculty and staff play critical roles in directing students’ learning and encouraging their success. Covenant faculty and staff must adhere to the Statement of Faith and fully support the mission of the school: _Covenant Christian Academy offers a Christian and Classical education that builds students’ academic, spiritual, and social foundations for lives marked by leadership and service in today’s global community. A Covenant education prepares students to excel in collegiate studies and intellectual pursuits, nurtures Christian faith and character, and fosters individual gifts and abilities._ In keeping with this mission, Covenant expects that members of...
What it reported doing in 2024
To provide education for students in Pre-K through Grade 12
Operating model
- Revenue model
- Other-operating. 93% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The filing allocates 81% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Fundraising costs are high for each dollar raised and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 94
- Accountability: 95
- Sustainability: 49
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 85.3%; rating input score 85
- Program expense ratio: 88.5%; rating input score 89
- Fundraising efficiency: $4.08 raised per $1 spent on fundraising; rating input score 13; 13th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
- Governance controls: 7 of 8 controls in place; rating input score 88
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Pass
- Form 990 shared with the board: Fail
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 3.8%; rating input score 47; 47th percentile among comparable filings
- Total-asset coverage ratio: 1.97; rating input score 61; 61st percentile among comparable filings
- Liabilities to assets ratio: 0.61; rating input score 16; 16th percentile among comparable filings
- Officer compensation ratio: 3.9%; rating input score 62; 62nd percentile among comparable filings
Growth
- Program expense growth: 9.8% per year; rating input score 100; 63rd percentile among comparable filings
- Revenue growth: 9.8% per year; rating input score 100; 67th percentile among comparable filings
- Asset growth: 7% per year; rating input score 100; 45th percentile among comparable filings
Details
- What they do: Mission, programs, and operating context captured from the official website.
- Where the money goes: 85.3% of revenue deployed · 88.5% of spending went to programs
- Governance: 5 of 5 board members independent · 7 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $7.3M in reported program spending
- Leadership: top reported pay $150K · 8 people listed
- Consistency: 45 of 45 current checks pass
- Schedules: 7 filed schedules · includes major donors and grants
- Filing history: 14 filing years from 2011 to 2024
- Contacts: How to reach this organization
- Money network: 3 filed money-flow records
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Financial Efficiency: Fundraising efficiency scored 13/100.
- Moderate — Sustainability: Operating margin scored 47/100.
- Review — Accountability: Governance controls: Form 990 shared with the board not reported.
- High — Sustainability: Liabilities to assets ratio scored 16/100.