Civic Intelligence

Covington Business Association

990 • Fiscal year 2016 • EIN 27-3203744

Jan 01, 2016 to Dec 31, 2016 • Filed on Aug 15, 2017

Organization ProfileWWW.COVINGTONBUSINESSASSOCIATION.ORG
726 E Boston StreetCovington, LA 70433

(504) 439-2543

Siviq Scores

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

Liabilities / Assets

1st percentile

-0.02x

Higher debt load relative to assets than 1% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Liabilities / Revenue

1st percentile

-0.01x

Higher debt load relative to revenue than 1% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Net Margin

25th percentile

-7.6%

Higher net margin than 25% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Top Officer Pay

69th percentile

$0

Higher top officer pay than 69% of similar nonprofits.

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

2016 filings • 501(c)6 • <$500k nonprofits • Source year 2016

Asset Growth

46th percentile

0.8%

Faster asset growth than 46% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2016

Revenue Growth

32nd percentile

-7.6%

Faster revenue growth than 32% of similar nonprofits.

2016 filings • 501(c)6 • <$500k nonprofits • Annualized from 2014 to 2016

Balance Sheet
Liabilities / Assets1st percentile

Assets

Up

$23,462

Up $379 (+1.6%) from 2014

Net Assets

Up

$23,962

Up $879 (+3.8%) from 2014

Liabilities

Down

-$500

Down $500 from 2014

Revenue And Expenses
Liabilities / Revenue1st percentileNet Margin25th percentile

Revenue

Down

$56,195

Down $9,688 (-15%) from 2014

Expenses

Up

$60,460

Up $4,207 (+7.5%) from 2014

Net Income

Down

-$4,265

Down $13,895 (-144%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth46th percentile

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

$300K$200K$100K$0-$100KAssets 2012: $9,956Liabilities 2012: $0Net Assets 2012: $9,9562012Assets 2013: $13,453Liabilities 2013: $0Net Assets 2013: $13,4532013Assets 2014: $23,083Liabilities 2014: $0Net Assets 2014: $23,0832014Assets 2016: $23,462Liabilities 2016: -$500Net Assets 2016: $23,9622016Assets 2017: $9,560Liabilities 2017: $0Net Assets 2017: $9,5602017Assets 2018: $27,100Liabilities 2018: $2,991Net Assets 2018: $24,1092018Assets 2019: $31,399Liabilities 2019: $0Net Assets 2019: $31,3992019Assets 2020: $21,220Liabilities 2020: $7,809Net Assets 2020: $13,4112020Assets 2021: $236,926Liabilities 2021: $187,700Net Assets 2021: $49,2262021Assets 2022: $35,726Liabilities 2022: $0Net Assets 2022: $35,7262022Assets 2023: $36,346Liabilities 2023: $8,090Net Assets 2023: $28,2562023Assets 2024: $44,727Liabilities 2024: $0Net Assets 2024: $44,7272024

Highlighted filing

2016

Assets$23,462
Liabilities-$500
Net Assets$23,962
Open 2016 Filing

Operations Trend

Revenue Growth32nd percentile

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

$200K$150K$100K$50K$0-$50KExpenses 2012: $28,5382012Revenue 2013: $49,323Expenses 2013: $45,826Net Income 2013: $3,4972013Revenue 2014: $65,883Expenses 2014: $56,253Net Income 2014: $9,6302014Revenue 2016: $56,195Expenses 2016: $60,460Net Income 2016: -$4,2652016Revenue 2017: $65,174Expenses 2017: $79,576Net Income 2017: -$14,4022017Revenue 2018: $77,803Expenses 2018: $64,229Net Income 2018: $13,5742018Revenue 2019: $102,195Expenses 2019: $94,905Net Income 2019: $7,2902019Revenue 2020: $28,107Expenses 2020: $46,095Net Income 2020: -$17,9882020Revenue 2021: $150,839Expenses 2021: $115,024Net Income 2021: $35,8152021Revenue 2022: $105,271Expenses 2022: $118,771Net Income 2022: -$13,5002022Revenue 2023: $99,804Expenses 2023: $107,274Net Income 2023: -$7,4702023Revenue 2024: $131,571Expenses 2024: $115,100Net Income 2024: $16,4712024

Highlighted filing

2016

Revenue$56,195
Expenses$60,460
Net Income-$4,265
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Aug 15, 2017
Return Version
2016v3.0
Gross Receipts
$56,195
Mission and Program Overview

Mission

The organization's mission is to work closely with the agencies and departments of the city of covington in order to be instrumental in shaping the current as well as the emerging business environment. Attracting new business while maintaining the aesthetic quality and livability of both the commercial and historic districts is the organizations focus. The organization strives to be a leader and a catalyst to encourage growth and cooperation between the city of covington and all of the member businesses.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$28,227$22,463▼ $5,764
Total Assets$28,227$23,462▼ $4,765
Other Assets Total-$999-
Liabilities
Accounts Payable and Accrued Expenses-$-500-
Total Liabilities$0$-500▼ $500
Net Assets / Fund Balance
Unrestricted Net Assets$28,227$23,962▼ $4,265
Total Net Assets Fund Balance$28,227$23,962▼ $4,265
Total Liabilities and Net Assets / Fund Balance$28,227$23,462▼ $4,765
Compensation and Service Providers
Top Officer Pay69th percentile

Board Members and Trustees

NameTitle
Brad SchroederPresident
Suzanne KingMedia/graphi
Chelsea CochraneMembership
Marianne HuvalPublic Relat
Elizabeth WilliamsSecretary
Rob MaierSergeant at
Nancy RossTreasurer
Dennis FranclVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$13,510
Program Service Revenue
$42,685
Investment Income
$0
Other Revenue
$0
All Other Contributions
$190
Change in Net Assets
$-4,265
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$56,829
Grants and Similar Amounts Paid$3,631
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$20,412--$20,412
Fees for Services Other$19,919--$19,919
Information Technology$6,580$336-$6,916
Conferences and Meetings$3,692--$3,692
Grants to Domestic Orgs$3,631--$3,631
Insurance-$1,624-$1,624
Office Expenses$380--$380
Other Expenses$-120--$-120
Total Functional Expenses$58,500$1,960$0$60,460
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Backup withholding compliance
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
No
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

“The form 990 will be provided to the governing body for review or revisions before it will be filed.”

Form 990, Page 6, Part VI, Line 19

“The governing documents are made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Covington Business Association
EIN
27-3203744
Phone
5044392543
Address
726 E BOSTON STREET, COVINGTON, LA 70433

Signing Officer

Name
Brad Schroeder
Title
President
Phone
9855160976
Signed
2017-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Brad Schroeder
Formed
2010
Legal Domicile
La
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
James G Beal CPA LLC
Address
611 RIVER HIGHLANDS BLVD STE A, COVINGTON, LA 70433-8987
Preparer
James G Beal
Phone
9858982272
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“The organization's mission is to work closely with the agencies and departments of the city of covington in order to be instrumental in shaping the current as well as the emerging business environment. Attracting new business while maintaining the aesthetic quality and livability of both the commercial and historic districts is the organizations focus. The organization strives to be a leader and a catalyst to encourage growth and cooperation between the city of covington and all of the member businesses.”

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

“The exempt purpose is to promote the community and business of the covington area. This is accomplished by holding open meetings as a forum to discuss ways the group can improve the business community in general. It is also accomplished by having an interactive website with special benefits to members and a wealth of information and resources available to the general public.”

Form 990, Part IX, Line 11G

“Event expenses 2,200 0 0 rockin the rails concerts concert expense 2,143 0 0 0 0 0 a taste of covington printing 542 0 0 entertainment 633 0 0 event planner fees 4,000 0 0 grand tasting expense 25 0 0 security 280 0 0 tent rental 2,923 0 0 vintner exp 2,790 0 0 wine glasses 1,733 0 0 jazz brunch 1,200 0 0 musice for event 1,450 0 0 total 19,919 0 0”

Raw XML Appendix296 raw XML fields

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/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDE
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt4PUBLIC RELAT
IRS990/Form990PartVIISectionAGrp/TitleTxt5MEDIA/GRAPHI
IRS990/Form990PartVIISectionAGrp/TitleTxt6SERGEANT AT
IRS990/Form990PartVIISectionAGrp/TitleTxt7MEMBERSHIP
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IRS990/MissionDesc0THE ORGANIZATION'S MISSION IS TO WORK CLOSELY WITH THE AGENCIES AND DEPARTMENTS OF THE CITY OF COVINGTON IN ORDER TO BE INSTRUMENTAL IN SHAPING THE CURRENT AS WELL AS THE EMERGING BUSINESS ENVIRONMENT. ATTRACTING NEW BUSINESS WHILE MAINTAINING THE AESTHETIC QUALITY AND LIVABILITY OF BOTH THE COMMERCIAL AND HISTORIC DISTRICTS IS THE ORGANIZATIONS FOCUS. THE ORGANIZATION STRIVES TO BE A LEADER AND A CATALYST TO ENCOURAGE GROWTH AND COOPERATION BETWEEN THE CITY OF COVINGTON AND ALL OF THE MEMBER BUSINESSES.
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IRS990/ProgramServiceRevenueGrp/Desc0A TASTE OF COVINGTON
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S MISSION IS TO WORK CLOSELY WITH THE AGENCIES AND DEPARTMENTS OF THE CITY OF COVINGTON IN ORDER TO BE INSTRUMENTAL IN SHAPING THE CURRENT AS WELL AS THE EMERGING BUSINESS ENVIRONMENT. ATTRACTING NEW BUSINESS WHILE MAINTAINING THE AESTHETIC QUALITY AND LIVABILITY OF BOTH THE COMMERCIAL AND HISTORIC DISTRICTS IS THE ORGANIZATIONS FOCUS. THE ORGANIZATION STRIVES TO BE A LEADER AND A CATALYST TO ENCOURAGE GROWTH AND COOPERATION BETWEEN THE CITY OF COVINGTON AND ALL OF THE MEMBER BUSINESSES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE EXEMPT PURPOSE IS TO PROMOTE THE COMMUNITY AND BUSINESS OF THE COVINGTON AREA. THIS IS ACCOMPLISHED BY HOLDING OPEN MEETINGS AS A FORUM TO DISCUSS WAYS THE GROUP CAN IMPROVE THE BUSINESS COMMUNITY IN GENERAL. IT IS ALSO ACCOMPLISHED BY HAVING AN INTERACTIVE WEBSITE WITH SPECIAL BENEFITS TO MEMBERS AND A WEALTH OF INFORMATION AND RESOURCES AVAILABLE TO THE GENERAL PUBLIC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE FORM 990 WILL BE PROVIDED TO THE GOVERNING BODY FOR REVIEW OR REVISIONS BEFORE IT WILL BE FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EVENT EXPENSES 2,200 0 0 ROCKIN THE RAILS CONCERTS CONCERT EXPENSE 2,143 0 0 0 0 0 A TASTE OF COVINGTON PRINTING 542 0 0 ENTERTAINMENT 633 0 0 EVENT PLANNER FEES 4,000 0 0 GRAND TASTING EXPENSE 25 0 0 SECURITY 280 0 0 TENT RENTAL 2,923 0 0 VINTNER EXP 2,790 0 0 WINE GLASSES 1,733 0 0 JAZZ BRUNCH 1,200 0 0 MUSICE FOR EVENT 1,450 0 0 TOTAL 19,919 0 0
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
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 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
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IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt0-500
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt028227
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt023962
IRS990/TotalOtherProgSrvcExpenseAmt037133
IRS990/TotalOtherProgSrvcGrantAmt03631
IRS990/TotalProgramServiceExpensesAmt058500
IRS990/TotalProgramServiceRevenueAmt042685
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt042685
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt056195
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt028227
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt023462
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt028227
IRS990/UnrestrictedNetAssetsGrp/EOYAmt023962
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0726 E BOSTON STREET
IRS990/USAddress/CityNm0COVINGTON
IRS990/USAddress/StateAbbreviationCd0LA
IRS990/USAddress/ZIPCd070433
IRS990/VotingMembersGoverningBodyCnt09
IRS990/VotingMembersIndependentCnt09
IRS990/WebsiteAddressTxt0WWW.COVINGTONBUSINESSASSOCIATION.ORG
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02017-02-10 21:41:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0BRAD SCHROEDER
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09855160976
ReturnHeader/BusinessOfficerGrp/SignatureDt02017-08-15
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COVINGTON BUSINESS ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0COVI
ReturnHeader/Filer/EIN0273203744
ReturnHeader/Filer/PhoneNum05044392543
ReturnHeader/Filer/USAddress/AddressLine1Txt0726 E BOSTON STREET
ReturnHeader/Filer/USAddress/CityNm0COVINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070433
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId0336AA5F2DBD57CE41CF093501721E9DD11C5F64C
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId05171C1D0BB02D7AF68A006C10C41A3BBC9151A46
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0262678550
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0JAMES G BEAL CPA LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0611 RIVER HIGHLANDS BLVD STE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COVINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0704338987
ReturnHeader/PreparerPersonGrp/PhoneNum09858982272
ReturnHeader/PreparerPersonGrp/PreparationDt02017-08-15
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES G BEAL
ReturnHeader/ReturnTs02017-09-15T12:31:06-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02016-01-01
ReturnHeader/TaxPeriodEndDt02016-12-31
ReturnHeader/TaxYr02016

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$23,462
Liabilities
-$500
Net assets
$23,962
Revenue
$56,195
Expenses
$60,460
Net income
-$4,265
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.45$0.00$0.45$1.32$1.15$0.16
2023Detailed filing. Detailed filing data is available for this year.$0.36$0.08$0.28$1.00$1.07$0.07
2022Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$1.05$1.19$0.14
2021Detailed filing. Detailed filing data is available for this year.$2.37$1.88$0.49$1.51$1.15$0.36
2020Detailed filing. Detailed filing data is available for this year.$0.21$0.08$0.13$0.28$0.46$0.18
2019Detailed filing. Detailed filing data is available for this year.$0.31$0.00$0.31$1.02$0.95$0.07
2018Detailed filing. Detailed filing data is available for this year.$0.27$0.03$0.24$0.78$0.64$0.14
2017Detailed filing. Detailed filing data is available for this year.$0.10$0.00$0.10$0.65$0.80$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.23$0.01$0.24$0.56$0.60$0.04
2014Detailed filing. Detailed filing data is available for this year.$0.23$0.00$0.23$0.66$0.56$0.10
2013Detailed filing. Detailed filing data is available for this year.$0.13$0.00$0.13$0.49$0.46$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.10$0.00$0.10$0.29