Civic Intelligence

Covington Partners Inc.

990 • Fiscal year 2022 • EIN 20-1515753

Jul 01, 2021 to Jun 30, 2022 • Filed on May 02, 2023

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

75th percentile

0.19x

Higher debt load relative to assets than 75% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

83rd percentile

0.37x

Higher debt load relative to revenue than 83% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Net Margin

45th percentile

3.9%

Higher net margin than 45% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

53rd percentile

$0

Higher top officer pay than 53% of similar nonprofits.

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

2022 filings • 501(c)3 • $500k-$1M nonprofits • Source year 2022

Asset Growth

54th percentile

3.9%

Faster asset growth than 54% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

65th percentile

23%

Faster revenue growth than 65% of similar nonprofits.

2022 filings • 501(c)3 • $500k-$1M nonprofits • Annualized from 2021 to 2022

Assets

Flat

$535,443

Flat from 2022

Net Assets

Flat

$432,891

Flat from 2022

Liabilities

Flat

$102,552

Flat from 2022

Revenue

Flat

$277,214

Flat from 2022

Expenses

Flat

$266,292

Flat from 2022

Net Income

Flat

$10,922

Flat from 2022

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 2022: $535,443Liabilities 2022: $102,552Net Assets 2022: $432,8912022Assets 2023: $900,693Liabilities 2023: $184,726Net Assets 2023: $715,9672023

Highlighted filing

2022

Assets$535,443
Liabilities$102,552
Net Assets$432,891

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 2022: $277,214Expenses 2022: $266,292Net Income 2022: $10,9222022Revenue 2023: $763,301Expenses 2023: $480,225Net Income 2023: $283,0762023

Highlighted filing

2022

Revenue$277,214
Expenses$266,292
Net Income$10,922
Jump To
Filing Snapshot
Filing Period
Jul 1, 2021 to Jun 30, 2022
Signed
May 2, 2023
Return Version
2021v4.0
Gross Receipts
$291,209
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$509,988$530,227▲ $20,239
Prepaid Expenses and Deferred Charges$2,925$3,269▲ $344
Land, Buildings, and Equipment, Net$2,596$1,947▼ $649
Total Assets$515,509$535,443▲ $19,934
Liabilities
Accounts Payable and Accrued Expenses$56,381$52,070▼ $4,311
Deferred Revenue$37,159$48,982▲ $11,823
Other Liabilities-$1,500-
Total Liabilities$93,540$102,552▲ $9,012
Net Assets / Fund Balance
Net Assets With Donor Restrictions$225,396$228,750▲ $3,354
Net Assets Without Donor Restrictions$196,573$204,141▲ $7,568
Total Net Assets Fund Balance$421,969$432,891▲ $10,922
Total Liabilities and Net Assets / Fund Balance$515,509$535,443▲ $19,934

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,947$7,211$9,158
Compensation and Service Providers
Revenue and Support

Revenue Composition

Contributions and Grants
$243,198
Program Service Revenue
$0
Investment Income
$12
Other Revenue
$34,004
All Other Contributions
$177,834
Change in Net Assets
$10,922

Audited Revenue Reconciliation

Revenue per Audited Statements
$277,214
Revenue Not Reported on Form 990
$10,739
Total Revenue per Audited Statements
$287,953
Total Revenue per Form 990
$277,214
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$266,292
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$194,299$24,584-$218,883
Fees for Services Accounting-$8,100-$8,100
All Other Expenses$2,348$4,273-$6,621
Conferences and Meetings$447$1,947-$2,394
Travel$2,127$73-$2,200
Insurance-$2,192-$2,192
Other Expenses$2,015$5,361-$2,015
Office Expenses$58$1,095-$1,153
Depreciation Depletion-$649-$649
Total Functional Expenses$218,018$48,274$0$266,292

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$277,031
Expenses per Audited Statements$266,292
Total Expenses per Form 990$266,292
Expenses Not Reported on Form 990$10,739
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$47,999
Fundraising Direct Expenses$13,995
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$47,999$47,999$11,518$36,481
Total Events$47,999$47,999$13,995$34,004
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Pass Through Funds$1,500
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
2023-05-02
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stacie Strotman
Formed
1999
Legal Domicile
Ky
Voting Board Members
24
Independent Board Members
24
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, Part IX, Line 11G

Contract services - code 1 37,506 0 0 contract services - code 2 153,860 0 0 other contract services 2,933 0 0 other contract services 0 24,584 0 total 194,299 24,584 0

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IRS990/FormationYr01999
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt013995
IRS990/FundraisingGrossIncomeAmt047999
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt024
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0291209
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt024
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt02192
IRS990/InsuranceGrp/TotalAmt02192
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt012
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt012
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt08
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt07211
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02596
IRS990/LandBldgEquipBasisNetGrp/EOYAmt01947
IRS990/LandBldgEquipCostOrOtherBssAmt09158
IRS990/LegalDomicileStateCd0KY
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0TO REDUCE BARRIERS TO STUDENT LEARNING IN ORDER TO ADVANCE EDUCATION AMONG STUDENTS IN COVINGTON, KY.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0421969
IRS990/NetAssetsOrFundBalancesEOYAmt0432891
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt034004
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt034004
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0196573
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0204141
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd0false
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01095
IRS990/OfficeExpensesGrp/ProgramServicesAmt058
IRS990/OfficeExpensesGrp/TotalAmt01153
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherExpensesGrp/Desc0SUPPLIES
IRS990/OtherExpensesGrp/Desc1BACKGROUND CHECKS
IRS990/OtherExpensesGrp/Desc2STUDENT INCENTIVES
IRS990/OtherExpensesGrp/Desc3FOOD
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt05361
IRS990/OtherExpensesGrp/ProgramServicesAmt011407
IRS990/OtherExpensesGrp/ProgramServicesAmt12817
IRS990/OtherExpensesGrp/ProgramServicesAmt22500
IRS990/OtherExpensesGrp/ProgramServicesAmt32015
IRS990/OtherExpensesGrp/TotalAmt016768
IRS990/OtherExpensesGrp/TotalAmt12817
IRS990/OtherExpensesGrp/TotalAmt22500
IRS990/OtherExpensesGrp/TotalAmt32015
IRS990/OtherLiabilitiesGrp/EOYAmt01500
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt02925
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt03269
IRS990/PrincipalOfficerNm0STACIE STROTMAN
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgSrvcAccomActy2Grp/Desc0MENTORING AND COMMUNITY LEARNING CENTER
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0175347
IRS990/ProgSrvcAccomActy3Grp/Desc0OTHER PROGRAMS INCLUDING MENTAL & PHYSICAL HEALTH
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt02927
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0225239
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt018
IRS990/PYOtherExpensesAmt0248518
IRS990/PYRevenuesLessExpensesAmt0-23261
IRS990/PYTotalExpensesAmt0248518
IRS990/PYTotalRevenueAmt0225257
IRS990/QuidProQuoContributionsInd0true
IRS990/QuidProQuoContriDisclInd0true
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt010922
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0243198
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0225239
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0363581
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0266358
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0292112
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt01390488
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0470
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0470
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0156141
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.97650
IRS990ScheduleA/PublicSupportPY170Pct00.99950
IRS990ScheduleA/PublicSupportTotal170Amt01390488
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0243198
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0225239
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0363581
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0266358
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0292112
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt01390488
IRS990ScheduleA/TotalSupportAmt01423962
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/CurrentTaxYearAmt033004
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt033004
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/DonatedServicesAndUseFcltsAmt010739
IRS990ScheduleD/DonatedServicesUseFcltsAmt010739
IRS990ScheduleD/ExpensesNotReportedAmt010739
IRS990ScheduleD/ExpensesSubtotalAmt0266292
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01947
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt07211
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt09158
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PASS THROUGH FUNDS
IRS990ScheduleD/RevenueNotReportedAmt010739
IRS990ScheduleD/RevenueSubtotalAmt0277214
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01947
IRS990ScheduleD/TotalExpensesPerForm990Amt0266292
IRS990ScheduleD/TotalLiabilityAmt01500
IRS990ScheduleD/TotalRevenuePerForm990Amt0277214
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0287953
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0277031
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt013995
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt02477
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt02477
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt047999

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
2022Detailed filing. Detailed filing data is available for this year.$5.35$1.03$4.33$2.77$2.66$0.11
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