Civic Intelligence

Covington Partners Inc.

990 • Fiscal year 2016 • EIN 20-1515753

Jul 01, 2015 to Jun 30, 2016 • Filed on May 02, 2017

PO Box 0426Covington, KY 41012-0426

(859) 392-3172

Siviq Scores

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

Liabilities / Assets

84th percentile

0.26x

Higher debt load relative to assets than 84% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

89th percentile

0.26x

Higher debt load relative to revenue than 89% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Net Margin

70th percentile

14%

Higher net margin than 70% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Top Officer Pay

75th percentile

$0

Higher top officer pay than 75% of similar nonprofits.

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

2016 filings • 501(c)3 • <$500k nonprofits • Source year 2016

Asset Growth

75th percentile

24%

Faster asset growth than 75% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Revenue Growth

79th percentile

30%

Faster revenue growth than 79% of similar nonprofits.

2016 filings • 501(c)3 • <$500k nonprofits • Annualized from 2015 to 2016

Assets

Up

$391,720

Up $76,256 (+24%) from 2015

Net Assets

Up

$291,559

Up $54,678 (+23%) from 2015

Liabilities

Up

$100,161

Up $21,578 (+27%) from 2015

Revenue

Up

$384,785

Up $89,473 (+30%) from 2015

Expenses

Up

$330,107

Up $65,953 (+25%) from 2015

Net Income

Up

$54,678

Up $23,520 (+75%) from 2015

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

2016

Assets$391,720
Liabilities$100,161
Net Assets$291,559

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

2016

Revenue$384,785
Expenses$330,107
Net Income$54,678
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 2, 2017
Return Version
2015v3.0
Gross Receipts
$393,856
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$314,494$288,277▼ $26,217
Pledges and Grants Receivable-$100,000-
Prepaid Expenses and Deferred Charges$970$3,443▲ $2,473
Total Assets$315,464$391,720▲ $76,256
Liabilities
Accounts Payable and Accrued Expenses$63,513$77,876▲ $14,363
Deferred Revenue$15,070$22,285▲ $7,215
Total Liabilities$78,583$100,161▲ $21,578
Net Assets / Fund Balance
Temporarily Rstr Net Assets$154,074$229,141▲ $75,067
Unrestricted Net Assets$82,807$62,418▼ $20,389
Total Net Assets Fund Balance$236,881$291,559▲ $54,678
Total Liabilities and Net Assets / Fund Balance$315,464$391,720▲ $76,256

Asset Categories

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

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$365,047
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$19,738
All Other Contributions
$249,899
Change in Net Assets
$54,678

Audited Revenue Reconciliation

Revenue per Audited Statements
$384,785
Total Revenue per Audited Statements
$384,785
Total Revenue per Form 990
$384,785
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$330,107
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$244,577$21,487-$266,064
Fees for Services Accounting-$9,729-$9,729
Conferences and Meetings$2,028$5,991-$8,019
All Other Expenses$2,228$3,071-$5,299
Other Expenses$2,484$3,243-$2,484
Insurance-$2,186-$2,186
Office Expenses-$1,386-$1,386
Travel$729$653-$1,382
Total Functional Expenses$269,684$60,423$0$330,107

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$330,107
Total Expenses per Audited Statements$330,107
Total Expenses per Form 990$330,107
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$28,809
Fundraising Direct Expenses$9,071
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Fundraising Eve$28,809$28,809$126$28,683
Total Events$28,809$28,809$9,071$19,738
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
Yes
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

Filer Name
Covington Partnersinc
EIN
20-1515753
Phone
8593923172
Address
PO BOX 0426, COVINGTON, KY 41012-0426

Signing Officer

Name
Stacie Strotman
Title
Executive Director
Phone
8593923172
Signed
2017-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Charlie Vance
Formed
1999
Legal Domicile
Ky
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
250

Preparer

Firm
Anneken Huey & Moser Pllc
Address
909 WRIGHTS SUMMIT PARKWAY STE 12, FORT WRIGHT, KY 41011
Preparer
Dorothy F Hayescpa
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 family strengthening & mentoring

Form 990, Part IX, Line 11G

Contract services - code 1 130,355 0 0 contract services - code 2 72,718 0 0 contract services 41,504 21,487 0

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IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1DUES & SUBSCRIPTIONS
IRS990/OtherExpensesGrp/Desc2COMMUNICATIONS
IRS990/OtherExpensesGrp/Desc3STUDENT INCENTIVES
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07657
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt15020
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt23243
IRS990/OtherExpensesGrp/ProgramServicesAmt017088
IRS990/OtherExpensesGrp/ProgramServicesAmt1550
IRS990/OtherExpensesGrp/ProgramServicesAmt22484
IRS990/OtherExpensesGrp/TotalAmt024745
IRS990/OtherExpensesGrp/TotalAmt15570
IRS990/OtherExpensesGrp/TotalAmt23243
IRS990/OtherExpensesGrp/TotalAmt32484
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0100000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0970
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03443
IRS990/PrincipalOfficerNm0CHARLIE VANCE
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0DRUG & VIOLENCE PREVENTION
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt076943
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt059525
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAMS INCLUDING FAMILY STRENGTHENING & MENTORING
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt045811
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt070423
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0273302
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt0630
IRS990/PYOtherExpensesAmt0264154
IRS990/PYOtherRevenueAmt017030
IRS990/PYProgramServiceRevenueAmt04350
IRS990/PYRevenuesLessExpensesAmt031158
IRS990/PYTotalExpensesAmt0264154
IRS990/PYTotalRevenueAmt0295312
IRS990/ReconcilationRevenueExpnssAmt054678
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0214803
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0365047
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0277652
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0281955
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0226680
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0176971
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01328305
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0630
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt028
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0752
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt01126
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt02536
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt028809
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99810
IRS990ScheduleA/PublicSupportPY170Pct00.99650
IRS990ScheduleA/PublicSupportTotal170Amt01328305
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0365047
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0277652
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0281955
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0226680
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0176971
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01328305
IRS990ScheduleA/TotalSupportAmt01330841
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/ExpensesSubtotalAmt0330107
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05913
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05913
IRS990ScheduleD/RevenueSubtotalAmt0384785
IRS990ScheduleD/TotalExpensesPerForm990Amt0330107
IRS990ScheduleD/TotalRevenuePerForm990Amt0384785
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0384785
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0330107
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt09071
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0FUNDRAISING EVE
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02196
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02196
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt028809
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt028809
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt028809
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt028809
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt019738
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesEvent1Amt0925
IRS990ScheduleG/FundraisingEventInformationGrp/NonCashPrizesTotalEventsAmt0925
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt0126
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt0126
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt05824
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt05824
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 FAMILY STRENGTHENING & MENTORING
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 1 130,355 0 0 CONTRACT SERVICES - CODE 2 72,718 0 0 CONTRACT SERVICES 41,504 21,487 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/BOYAmt0154074
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0229141
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0315464
IRS990/TotalAssetsEOYAmt0391720
IRS990/TotalAssetsGrp/BOYAmt0315464
IRS990/TotalAssetsGrp/EOYAmt0391720
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0365047

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
2016Detailed filing. Detailed filing data is available for this year.$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