Civic Intelligence

Covington Partners Inc.

990 • Fiscal year 2020 • EIN 20-1515753

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 23, 2021

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

73rd percentile

0.08x

Higher debt load relative to assets than 73% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Liabilities / Revenue

76th percentile

0.09x

Higher debt load relative to revenue than 76% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Net Margin

85th percentile

41%

Higher net margin than 85% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

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.

2020 filings • 501(c)3 • <$500k nonprofits • Source year 2020

Asset Growth

79th percentile

48%

Faster asset growth than 79% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Revenue Growth

86th percentile

40%

Faster revenue growth than 86% of similar nonprofits.

2020 filings • 501(c)3 • <$500k nonprofits • Annualized from 2019 to 2020

Assets

Up

$484,667

Up $157,160 (+48%) from 2019

Net Assets

Up

$445,230

Up $175,076 (+65%) from 2019

Liabilities

Down

$39,437

Down $17,916 (-31%) from 2019

Revenue

Up

$429,489

Up $122,239 (+40%) from 2019

Expenses

Down

$254,413

Down $10,145 (-3.8%) from 2019

Net Income

Up

$175,076

Up $132,384 (+310%) from 2019

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

2020

Assets$484,667
Liabilities$39,437
Net Assets$445,230

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

2020

Revenue$429,489
Expenses$254,413
Net Income$175,076
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 23, 2021
Return Version
2019v5.0
Gross Receipts
$459,187
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$268,497$377,586▲ $109,089
Pledges and Grants Receivable$50,000$100,000▲ $50,000
Prepaid Expenses and Deferred Charges$9,010$3,836▼ $5,174
Land, Buildings, and Equipment, Net-$3,245-
Total Assets$327,507$484,667▲ $157,160
Liabilities
Accounts Payable and Accrued Expenses$47,113$39,437▼ $7,676
Deferred Revenue$10,240--
Total Liabilities$57,353$39,437▼ $17,916
Net Assets / Fund Balance
Net Assets With Donor Restrictions$178,816$251,637▲ $72,821
Net Assets Without Donor Restrictions$91,338$193,593▲ $102,255
Total Net Assets Fund Balance$270,154$445,230▲ $175,076
Total Liabilities and Net Assets / Fund Balance$327,507$484,667▲ $157,160

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$3,245$5,913$9,158
Compensation and Service Providers

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$363,581
Program Service Revenue
$0
Investment Income
$202
Other Revenue
$65,706
All Other Contributions
$289,985
Change in Net Assets
$175,076

Audited Revenue Reconciliation

Revenue per Audited Statements
$429,489
Total Revenue per Audited Statements
$429,489
Total Revenue per Form 990
$429,489
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$254,413
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$194,624$6,833-$201,457
Fees for Services Accounting-$6,300-$6,300
All Other Expenses$3,785$1,636-$5,421
Travel$2,191--$2,191
Insurance-$2,038-$2,038
Other Expenses$1,256$580-$1,836
Conferences and Meetings$494$937-$1,431
Office Expenses$330$805-$1,135
Total Functional Expenses$223,082$31,331$0$254,413

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$254,413
Total Expenses per Audited Statements$254,413
Total Expenses per Form 990$254,413
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$95,404
Fundraising Direct Expenses$29,698
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$95,404$95,404-$95,404
Total Events$95,404$95,404$29,698$65,706
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 35% controlled entity
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

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
2021-03-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacie Strotman
Formed
1999
Legal Domicile
Ky
Voting Board Members
19
Independent Board Members
19
Employees
0
Volunteers
250

Preparer

Firm
Anneken Huey & Moser Pllc
Address
201 MARTHA LAYNE COLLINS BLVD, HIGHLAND HEIGHTS, KY 41076-1755
Preparer
Adam J Bertke CPA
Phone
8594412020
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 21,732 0 0 contract services - code 2 147,894 0 0 contract services 22,188 0 0 other contract services 310 0 0 other contract services 2,500 0 0 other contract services 0 6,833 0 total 194,624 6,833 0

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt13640
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt2580
IRS990/OtherExpensesGrp/ProgramServicesAmt015522
IRS990/OtherExpensesGrp/ProgramServicesAmt12896
IRS990/OtherExpensesGrp/ProgramServicesAmt21984
IRS990/OtherExpensesGrp/ProgramServicesAmt31256
IRS990/OtherExpensesGrp/TotalAmt024084
IRS990/OtherExpensesGrp/TotalAmt16536
IRS990/OtherExpensesGrp/TotalAmt21984
IRS990/OtherExpensesGrp/TotalAmt31836
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt050000
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0100000
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09010
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03836
IRS990/PrincipalOfficerNm0STACIE STROTMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0MENTORING AND COMMUNITY LEARNING CENTER
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0165238
IRS990/ProgSrvcAccomActyOtherGrp/Desc0OTHER PROGRAMS INCLUDING DRUG AND ALCOHOL PREVENTION
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt032514
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0286485
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0264558
IRS990/PYOtherRevenueAmt020765
IRS990/PYRevenuesLessExpensesAmt042692
IRS990/PYTotalExpensesAmt0264558
IRS990/PYTotalRevenueAmt0307250
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0175076
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0363581
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0266358
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0292112
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0259507
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01181558
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0470
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0215
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0685
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0156111
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.99940
IRS990ScheduleA/PublicSupportPY170Pct00.99880
IRS990ScheduleA/PublicSupportTotal170Amt01181558
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0363581
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0266358
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0292112
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0259507
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01181558
IRS990ScheduleA/TotalSupportAmt01182243
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/ExpensesSubtotalAmt0254413
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt03245
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt05913
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09158
IRS990ScheduleD/RevenueSubtotalAmt0429489
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03245
IRS990ScheduleD/TotalExpensesPerForm990Amt0254413
IRS990ScheduleD/TotalRevenuePerForm990Amt0429489
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0429489
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0254413
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt029698
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt095404
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt095404
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt095404
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt095404
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt065706
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt029698
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt029698
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 21,732 0 0 CONTRACT SERVICES - CODE 2 147,894 0 0 CONTRACT SERVICES 22,188 0 0 OTHER CONTRACT SERVICES 310 0 0 OTHER CONTRACT SERVICES 2,500 0 0 OTHER CONTRACT SERVICES 0 6,833 0 TOTAL 194,624 6,833 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/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0327507
IRS990/TotalAssetsEOYAmt0484667
IRS990/TotalAssetsGrp/BOYAmt0327507
IRS990/TotalAssetsGrp/EOYAmt0484667
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0363581
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt031331
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0223082
IRS990/TotalFunctionalExpensesGrp/TotalAmt0254413
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt057353
IRS990/TotalLiabilitiesEOYAmt039437
IRS990/TotalLiabilitiesGrp/BOYAmt057353
IRS990/TotalLiabilitiesGrp/EOYAmt039437
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0270154
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0445230
IRS990/TotalOtherProgSrvcExpenseAmt032514

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
2020Detailed filing. Detailed filing data is available for this year.$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