Civic Intelligence

Covington Partners Inc.

990 • Fiscal year 2014 • EIN 20-1515753

Jul 01, 2013 to Jun 30, 2014 • Filed on Dec 30, 2014

PO Box 042641012-0426

(859) 392-3172

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.34x

Higher debt load relative to assets than 86% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Liabilities / Revenue

90th percentile

0.36x

Higher debt load relative to revenue than 90% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Net Margin

12th percentile

-29%

Higher net margin than 12% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Top Officer Pay

74th percentile

$0

Higher top officer pay than 74% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2014 filings • 501(c)3 • <$500k nonprofits • Source year 2014

Asset Growth

22nd percentile

-17%

Faster asset growth than 22% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2013 to 2014

Revenue Growth

76th percentile

26%

Faster revenue growth than 76% of similar nonprofits.

2014 filings • 501(c)3 • <$500k nonprofits • Annualized from 2012 to 2014

Assets

Down

$311,227

Down $62,601 (-17%) from 2013

Net Assets

Down

$205,723

Down $85,542 (-29%) from 2013

Liabilities

Up

$105,504

Up $22,941 (+28%) from 2013

Revenue

$296,899

No earlier filing loaded for comparison.

Expenses

Up

$382,441

Up $96,270 (+34%) from 2013

Net Income

-$85,542

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.0M$500K$0Assets 2010: $381,766Liabilities 2010: $0Net Assets 2010: $381,7662010Assets 2011: $416,668Liabilities 2011: $32,838Net Assets 2011: $383,8302011Assets 2012: $381,295Liabilities 2012: $49,580Net Assets 2012: $331,7152012Assets 2013: $373,828Liabilities 2013: $82,563Net Assets 2013: $291,2652013Assets 2014: $311,227Liabilities 2014: $105,504Net Assets 2014: $205,7232014Assets 2015: $315,464Liabilities 2015: $78,583Net Assets 2015: $236,8812015Assets 2016: $391,720Liabilities 2016: $100,161Net Assets 2016: $291,5592016Assets 2017: $304,844Liabilities 2017: $91,277Net Assets 2017: $213,5672017Assets 2018: $329,464Liabilities 2018: $102,002Net Assets 2018: $227,4622018Assets 2019: $327,507Liabilities 2019: $57,353Net Assets 2019: $270,1542019Assets 2020: $484,667Liabilities 2020: $39,437Net Assets 2020: $445,2302020Assets 2021: $515,509Liabilities 2021: $93,540Net Assets 2021: $421,9692021Assets 2022: $535,443Liabilities 2022: $102,552Net Assets 2022: $432,8912022Assets 2023: $900,693Liabilities 2023: $184,726Net Assets 2023: $715,9672023

Highlighted filing

2014

Assets$311,227
Liabilities$105,504
Net Assets$205,723

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $287,8012010Expenses 2011: $254,7562011Revenue 2012: $186,037Expenses 2012: $238,152Net Income 2012: -$52,1152012Expenses 2013: $286,1712013Revenue 2014: $296,899Expenses 2014: $382,441Net Income 2014: -$85,5422014Revenue 2015: $295,312Expenses 2015: $264,154Net Income 2015: $31,1582015Revenue 2016: $384,785Expenses 2016: $330,107Net Income 2016: $54,6782016Revenue 2017: $280,987Expenses 2017: $358,979Net Income 2017: -$77,9922017Revenue 2018: $331,371Expenses 2018: $317,476Net Income 2018: $13,8952018Revenue 2019: $307,250Expenses 2019: $264,558Net Income 2019: $42,6922019Revenue 2020: $429,489Expenses 2020: $254,413Net Income 2020: $175,0762020Revenue 2021: $225,257Expenses 2021: $248,518Net Income 2021: -$23,2612021Revenue 2022: $277,214Expenses 2022: $266,292Net Income 2022: $10,9222022Revenue 2023: $763,301Expenses 2023: $480,225Net Income 2023: $283,0762023

Highlighted filing

2014

Revenue$296,899
Expenses$382,441
Net Income-$85,542
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Dec 30, 2014
Return Version
2013v4.0
Gross Receipts
$304,939
Mission and Program Overview

Mission

To reduce barriers to student learning in order to advance education among students in covington, ky.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$344,893$308,142▼ $36,751
Accounts Receivable$25,627--
Prepaid Expenses and Deferred Charges$3,085$3,085→ $0
Land, Buildings, and Equipment, Net$223--
Total Assets$373,828$311,227▼ $62,601
Liabilities
Accounts Payable and Accrued Expenses$72,608$92,234▲ $19,626
Deferred Revenue$9,955$13,270▲ $3,315
Total Liabilities$82,563$105,504▲ $22,941
Net Assets / Fund Balance
Temporarily Rstr Net Assets$239,366$110,299▼ $129,067
Unrestricted Net Assets$51,899$95,424▲ $43,525
Total Net Assets Fund Balance$291,265$205,723▼ $85,542
Total Liabilities and Net Assets / Fund Balance$373,828$311,227▼ $62,601

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings-$5,913$5,913
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$281,955
Program Service Revenue
$0
Investment Income
$28
Other Revenue
$14,916
All Other Contributions
$162,698
Change in Net Assets
$-85,542

Audited Revenue Reconciliation

Revenue per Audited Statements
$296,899
Total Revenue per Audited Statements
$296,899
Total Revenue per Form 990
$296,899
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$382,441
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$326,027$5,617-$331,644
Fees for Services Accounting-$14,000-$14,000
Conferences and Meetings$6,932$2,794-$9,726
All Other Expenses$1,277$1,918-$3,195
Insurance-$1,894-$1,894
Travel$1,205--$1,205
Other Expenses$1,080$503-$1,080
Office Expenses$269$714-$983
Depreciation Depletion-$223-$223
Total Functional Expenses$350,822$31,619$0$382,441

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$382,441
Total Expenses per Audited Statements$382,441
Total Expenses per Form 990$382,441
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$22,956
Fundraising Direct Expenses$8,040
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$22,956$22,956$2,104$20,852
Total Events$22,956$22,956$8,040$14,916
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

Members of the board are provided with copies of the 990 prior to the filing of the document.

Form 990, Page 6, Part VI, Line 12C

Board reviews annually for possible conflicts arising.

Form 990, Page 6, Part VI, Line 19

In a timely manner upon request

Filing and Contact Details

Filer

EIN
20-1515753
Phone
8593923172

Signing Officer

Name
Stacie Strotman
Title
Director
Phone
8593923172
Signed
2014-12-30
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacie Strotman
Formed
1999
Legal Domicile
Ky
Voting Board Members
21
Independent Board Members
21
Employees
0
Volunteers
250

Preparer

Preparer
Dorothy F Hayes CPA
Phone
8593315622
Supplemental Narrative

Additional Explanations

Form 990, Page 1, Part I, Line 6

Volunteers serve as directors on the board, as mentors to youth, and in various other capacities.

Form 990, Page 2, Part III, Line 4D

Other programs including drug and alcohol prevention

Form 990, Part IX, Line 11G

Contract services - code 1 169,721 0 0 contract services - code 2 148,839 0 0 contract services 7,467 0 0 contract services 0 5,617 0

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IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1COMMUNICATIONS
IRS990/OtherExpensesGrp/Desc2STUDENT INCENTIVES
IRS990/OtherExpensesGrp/Desc3GIFTS & PROMOTION ITEMS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01749
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt12207
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2503
IRS990/OtherExpensesGrp/ProgramServicesAmt012289
IRS990/OtherExpensesGrp/ProgramServicesAmt1130
IRS990/OtherExpensesGrp/ProgramServicesAmt21613
IRS990/OtherExpensesGrp/ProgramServicesAmt31080
IRS990/OtherExpensesGrp/TotalAmt014038
IRS990/OtherExpensesGrp/TotalAmt12337
IRS990/OtherExpensesGrp/TotalAmt22116
IRS990/OtherExpensesGrp/TotalAmt31080
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03085
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03085
IRS990/PrincipalOfficerNm0STACIE STROTMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0MENTORING
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0164233
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0138192
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAMS INCLUDING DRUG AND ALCOHOL PREVENTION
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt07467
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt050500
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0226680
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0752
IRS990/PYOtherExpensesAmt0286171
IRS990/PYOtherRevenueAmt018289
IRS990/PYRevenuesLessExpensesAmt0-40450
IRS990/PYTotalExpensesAmt0286171
IRS990/PYTotalRevenueAmt0245721
IRS990/ReconcilationRevenueExpnssAmt0-85542
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt083064
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0281955
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0226680
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0176971
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0334235
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0322348
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01342189
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt028
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0752
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt01126
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt02057
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0141
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt04104
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt022956
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99700
IRS990ScheduleA/PublicSupportPY170Pct00.99690
IRS990ScheduleA/PublicSupportTotal170Amt01342189
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0281955
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0226680
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0176971
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0334235
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0322348
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01342189
IRS990ScheduleA/TotalSupportAmt01346293
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/ExpensesSubtotalAmt0382441
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05913
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05913
IRS990ScheduleD/RevenueSubtotalAmt0296899
IRS990ScheduleD/TotalExpensesPerForm990Amt0382441
IRS990ScheduleD/TotalRevenuePerForm990Amt0296899
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0296899
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0382441
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt08040
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt022956
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt022956
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt022956
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt022956
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0FUNDRAISING EVE
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt014916
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt02104
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt02104
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt05936
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt05936
IRS990ScheduleG/LicensedStatesCd0KY
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0VOLUNTEERS SERVE AS DIRECTORS ON THE BOARD, AS MENTORS TO YOUTH, AND IN VARIOUS OTHER CAPACITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1OTHER PROGRAMS INCLUDING DRUG AND ALCOHOL PREVENTION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE BOARD ARE PROVIDED WITH COPIES OF THE 990 PRIOR TO THE FILING OF THE DOCUMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BOARD REVIEWS ANNUALLY FOR POSSIBLE CONFLICTS ARISING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4IN A TIMELY MANNER UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5CONTRACT SERVICES - CODE 1 169,721 0 0 CONTRACT SERVICES - CODE 2 148,839 0 0 CONTRACT SERVICES 7,467 0 0 CONTRACT SERVICES 0 5,617 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PAGE 1, PART I, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0KY
IRS990/SubjectToProxyTaxInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt0239366
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0110299
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0373828
IRS990/TotalAssetsEOYAmt0311227
IRS990/TotalAssetsGrp/BOYAmt0373828
IRS990/TotalAssetsGrp/EOYAmt0311227
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0281955

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Summary only. Only limited summary data is available for this year.$9.01$1.85$7.16$7.63$4.80$2.83
2022Summary only. Only limited summary data is available for this year.$5.35$1.03$4.33$2.77$2.66$0.11
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.16$0.94$4.22$2.25$2.49$0.23
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.85$0.39$4.45$4.29$2.54$1.75
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.28$0.57$2.70$3.07$2.65$0.43
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.29$1.02$2.27$3.31$3.17$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.05$0.91$2.14$2.81$3.59$0.78
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.92$1.00$2.92$3.85$3.30$0.55
2015Summary only. Only limited summary data is available for this year.$3.15$0.79$2.37$2.95$2.64$0.31
2014Detailed filing. Detailed filing data is available for this year.$3.11$1.06$2.06$2.97$3.82$0.86
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.74$0.83$2.91$2.86
2012Summary only. Only limited summary data is available for this year.$3.81$0.50$3.32$1.86$2.38$0.52
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.17$0.33$3.84$2.55
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.82$0.00$3.82$2.88