Civic Intelligence

Covington Partners Inc.

990 • Fiscal year 2017 • EIN 20-1515753

Jul 01, 2016 to Jun 30, 2017 • Filed on May 13, 2018

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

86th percentile

0.30x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Liabilities / Revenue

90th percentile

0.32x

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Net Margin

13th percentile

-28%

Higher net margin than 13% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Top Officer Pay

76th percentile

$0

Higher top officer pay than 76% of similar nonprofits.

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

2017 filings • 501(c)3 • <$500k nonprofits • Source year 2017

Asset Growth

19th percentile

-22%

Faster asset growth than 19% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Revenue Growth

18th percentile

-27%

Faster revenue growth than 18% of similar nonprofits.

2017 filings • 501(c)3 • <$500k nonprofits • Annualized from 2016 to 2017

Assets

Down

$304,844

Down $86,876 (-22%) from 2016

Net Assets

Down

$213,567

Down $77,992 (-27%) from 2016

Liabilities

Down

$91,277

Down $8,884 (-8.9%) from 2016

Revenue

Down

$280,987

Down $103,798 (-27%) from 2016

Expenses

Up

$358,979

Up $28,872 (+8.7%) from 2016

Net Income

Down

-$77,992

Down $132,670 (-243%) from 2016

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

2017

Assets$304,844
Liabilities$91,277
Net Assets$213,567

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

2017

Revenue$280,987
Expenses$358,979
Net Income-$77,992
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
May 13, 2018
Return Version
2016v3.1
Gross Receipts
$291,478
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$288,277$251,378▼ $36,899
Pledges and Grants Receivable$100,000--
Savings and Temporary Cash Investments-$50,000-
Prepaid Expenses and Deferred Charges$3,443$3,466▲ $23
Total Assets$391,720$304,844▼ $86,876
Liabilities
Accounts Payable and Accrued Expenses$77,876$76,842▼ $1,034
Deferred Revenue$22,285$14,435▼ $7,850
Total Liabilities$100,161$91,277▼ $8,884
Net Assets / Fund Balance
Temporarily Rstr Net Assets$229,141$139,701▼ $89,440
Unrestricted Net Assets$62,418$73,866▲ $11,448
Total Net Assets Fund Balance$291,559$213,567▼ $77,992
Total Liabilities and Net Assets / Fund Balance$391,720$304,844▼ $86,876

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
$259,507
Program Service Revenue
$0
Investment Income
$215
Other Revenue
$21,265
All Other Contributions
$157,440
Change in Net Assets
$-77,992

Audited Revenue Reconciliation

Revenue per Audited Statements
$280,987
Revenue Not Reported on Form 990
$231,481
Total Revenue per Audited Statements
$512,468
Total Revenue per Form 990
$280,987
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$358,979
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$287,097$9,332-$296,429
Fees for Services Accounting-$10,310-$10,310
Conferences and Meetings$4,232$3,602-$7,834
All Other Expenses$2,676$2,928-$5,604
Travel$4,927$318-$5,245
Office Expenses$294$2,683-$2,977
Other Expenses$7,262$2,676-$2,676
Insurance-$2,188-$2,188
Total Functional Expenses$314,237$44,742$0$358,979

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$590,460
Expenses per Audited Statements$358,979
Total Expenses per Form 990$358,979
Expenses Not Reported on Form 990$231,481
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$31,756
Fundraising Direct Expenses$10,491
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$31,756$31,756-$31,756
Total Events$31,756$31,756$10,491$21,265
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
2018-05-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacie Strotman
Formed
1999
Legal Domicile
Ky
Voting Board Members
18
Independent Board Members
18
Employees
0
Volunteers
240

Preparer

Firm
Anneken Huey & Moser Pllc
Address
909 WRIGHTS SUMMIT PARKWAY STE 12, FORT WRIGHT, KY 41011
Preparer
Kevin J Moser 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 31,125 0 0 contract services - code 2 212,499 0 0 contract services 43,473 0 0 contract services 0 9,332 0 total 287,097 9,332 0

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IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt02683
IRS990/OfficeExpensesGrp/ProgramServicesAmt0294
IRS990/OfficeExpensesGrp/TotalAmt02977
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1STUDENT INCENTIVES
IRS990/OtherExpensesGrp/Desc2COMMUNICATIONS
IRS990/OtherExpensesGrp/Desc3GIFTS & PROMOTIONS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt07513
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13192
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt22676
IRS990/OtherExpensesGrp/ProgramServicesAmt07749
IRS990/OtherExpensesGrp/ProgramServicesAmt17262
IRS990/OtherExpensesGrp/TotalAmt015262
IRS990/OtherExpensesGrp/TotalAmt17262
IRS990/OtherExpensesGrp/TotalAmt23192
IRS990/OtherExpensesGrp/TotalAmt32676
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0100000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt03443
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03466
IRS990/PrincipalOfficerNm0STACIE STROTMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0MENTORING AND COMMUNITY LEARNING CENTER
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0222942
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAMS INCLUDING DRUG AND ALCOHOL PREVENTION
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt051095
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0365047
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0330107
IRS990/PYOtherRevenueAmt019738
IRS990/PYRevenuesLessExpensesAmt054678
IRS990/PYTotalExpensesAmt0330107
IRS990/PYTotalRevenueAmt0384785
IRS990/ReconcilationRevenueExpnssAmt0-77992
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/SavingsAndTempCashInvstGrp/EOYAmt050000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0259507
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0277652
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0281955
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0226680
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01045794
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0215
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0630
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt028
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0752
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01625
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt031756
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99840
IRS990ScheduleA/PublicSupportPY170Pct00.99740
IRS990ScheduleA/PublicSupportTotal170Amt01045794
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0259507
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0277652
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0281955
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0226680
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01045794
IRS990ScheduleA/TotalSupportAmt01047419
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/DonatedServicesAndUseFcltsAmt0231481
IRS990ScheduleD/DonatedServicesUseFcltsAmt0231481
IRS990ScheduleD/ExpensesNotReportedAmt0231481
IRS990ScheduleD/ExpensesSubtotalAmt0358979
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05913
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05913
IRS990ScheduleD/RevenueNotReportedAmt0231481
IRS990ScheduleD/RevenueSubtotalAmt0280987
IRS990ScheduleD/TotalExpensesPerForm990Amt0358979
IRS990ScheduleD/TotalRevenuePerForm990Amt0280987
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0512468
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0590460
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt010491
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt031756
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt031756
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt031756
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt031756
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt021265
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt010491
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt010491
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 31,125 0 0 CONTRACT SERVICES - CODE 2 212,499 0 0 CONTRACT SERVICES 43,473 0 0 CONTRACT SERVICES 0 9,332 0 TOTAL 287,097 9,332 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/BOYAmt0229141
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt0139701
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0391720
IRS990/TotalAssetsEOYAmt0304844
IRS990/TotalAssetsGrp/BOYAmt0391720
IRS990/TotalAssetsGrp/EOYAmt0304844
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0259507
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt044742
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0314237
IRS990/TotalFunctionalExpensesGrp/TotalAmt0358979
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0100161
IRS990/TotalLiabilitiesEOYAmt091277

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
2017Detailed filing. Detailed filing data is available for this year.$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