Civic Intelligence

Covington Business Association

990 • Fiscal year 2018 • EIN 27-3203744

Jan 01, 2018 to Dec 31, 2018 • Filed on Oct 10, 2019

Organization ProfileWWW.COVINGTONBUSINESSASSOCIATION.ORG
427 North Theard Street Suite 230Covington, LA 70433

(504) 439-2543

Siviq Scores

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

Liabilities / Assets

75th percentile

0.11x

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

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Liabilities / Revenue

69th percentile

0.04x

Higher debt load relative to revenue than 69% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Net Margin

80th percentile

17%

Higher net margin than 80% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Top Officer Pay

70th percentile

$0

Higher top officer pay than 70% of similar nonprofits.

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

2018 filings • 501(c)6 • <$500k nonprofits • Source year 2018

Asset Growth

98th percentile

183%

Faster asset growth than 98% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Revenue Growth

80th percentile

19%

Faster revenue growth than 80% of similar nonprofits.

2018 filings • 501(c)6 • <$500k nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets75th percentile

Assets

Up

$27,100

Up $17,540 (+183%) from 2017

Net Assets

Up

$24,109

Up $14,549 (+152%) from 2017

Liabilities

Up

$2,991

Up $2,991 from 2017

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin80th percentile

Revenue

Up

$77,803

Up $12,629 (+19%) from 2017

Expenses

Down

$64,229

Down $15,347 (-19%) from 2017

Net Income

Up

$13,574

Up $27,976 (+194%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth98th 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

2018

Assets$27,100
Liabilities$2,991
Net Assets$24,109
Open 2018 Filing

Operations Trend

Revenue Growth80th 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

2018

Revenue$77,803
Expenses$64,229
Net Income$13,574
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2018 to Dec 31, 2018
Signed
Oct 10, 2019
Return Version
2018v3.1
Gross Receipts
$77,803
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$8,561$26,101▲ $17,540
Total Assets$9,560$27,100▲ $17,540
Other Assets Total$999$999→ $0
Liabilities
Accounts Payable and Accrued Expenses-$2,991-
Total Liabilities$0$2,991▲ $2,991
Net Assets / Fund Balance
Unrestricted Net Assets$9,560$24,109▲ $14,549
Total Net Assets Fund Balance$9,560$24,109▲ $14,549
Total Liabilities and Net Assets / Fund Balance$9,560$27,100▲ $17,540
Compensation and Service Providers
Top Officer Pay70th percentile

Board Members and Trustees

NameTitle
Michael HunleyPresident
Cliff BergeronAdvisor
Jeff BordelonAt Large
Sarada BonnettAt Large
Gina RowbathamMembership
Sarah FedererPublic Relat
Connie ErnstSecretary
Rick ClasenSergeant at
Nancy RossTreasurer
Dan CobbVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$18,074
Program Service Revenue
$59,729
Investment Income
$0
Other Revenue
$0
All Other Contributions
$700
Change in Net Assets
$13,574
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$60,029
Grants and Similar Amounts Paid$4,200
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$17,888--$17,888
Advertising$17,525--$17,525
Information Technology$4,779--$4,779
Grants to Domestic Orgs$4,200--$4,200
Conferences and Meetings$2,967--$2,967
Insurance$1,719--$1,719
Other Expenses$586--$586
All Other Expenses$319--$319
Office Expenses$143--$143
Total Functional Expenses$64,229$0$0$64,229
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
427 NORTH THEARD STREET SUITE 230, COVINGTON, LA 70433

Signing Officer

Name
Michael Hunley
Title
President
Phone
9855160976
Signed
2019-10-10
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael Hunley
Formed
2010
Legal Domicile
La
Voting Board Members
9
Independent Board Members
9
Employees
0

Preparer

Firm
Vollenweider CPA Services LLC
Address
611 RIVER HIGHLANDS BLVD STE A, COVINGTON, LA 70433
Preparer
Howard P Vollenweider Jr
Phone
9854005840
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 464 0 0 a taste of covington entertainment 2,932 0 0 event planner fees 5,000 0 0 fiesta del vino food exp 390 0 0 grand tasting expense 1,259 0 0 graphic design 575 0 0 meeting expense 97 0 0 security 280 0 0 supplies 20 0 0 tent rental 2,637 0 0 vintner exp 2,050 0 0 wine glasses 1,454 0 0 jazz brunch 730 0 0 total 17,888 0 0”

Form 990, Part XI, Line 9

“Prior period adjustment 975”

Raw XML Appendix336 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/TitleTxt3PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE PRESIDE
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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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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 464 0 0 A TASTE OF COVINGTON ENTERTAINMENT 2,932 0 0 EVENT PLANNER FEES 5,000 0 0 FIESTA DEL VINO FOOD EXP 390 0 0 GRAND TASTING EXPENSE 1,259 0 0 GRAPHIC DESIGN 575 0 0 MEETING EXPENSE 97 0 0 SECURITY 280 0 0 SUPPLIES 20 0 0 TENT RENTAL 2,637 0 0 VINTNER EXP 2,050 0 0 WINE GLASSES 1,454 0 0 JAZZ BRUNCH 730 0 0 TOTAL 17,888 0 0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5PRIOR PERIOD ADJUSTMENT 975
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
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TempOrPermanentEndowmentsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt09560
IRS990/TotalAssetsEOYAmt027100
IRS990/TotalAssetsGrp/BOYAmt09560
IRS990/TotalAssetsGrp/EOYAmt027100
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt018074
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt064229
IRS990/TotalFunctionalExpensesGrp/TotalAmt064229
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesEOYAmt02991
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt02991
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt09560
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt024109
IRS990/TotalOtherProgSrvcExpenseAmt044297
IRS990/TotalOtherProgSrvcGrantAmt04200
IRS990/TotalProgramServiceExpensesAmt064229
IRS990/TotalProgramServiceRevenueAmt059729
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt059729
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt077803
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt09560
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt027100
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnrestrictedNetAssetsGrp/BOYAmt09560
IRS990/UnrestrictedNetAssetsGrp/EOYAmt024109
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/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MICHAEL HUNLEY
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum09855160976
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-10-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0COVINGTON BUSINESS ASSOCIATION
ReturnHeader/Filer/BusinessNameControlTxt0COVI
ReturnHeader/Filer/EIN0273203744
ReturnHeader/Filer/PhoneNum05044392543
ReturnHeader/Filer/USAddress/AddressLine1Txt0427 NORTH THEARD STREET SUITE 230
ReturnHeader/Filer/USAddress/CityNm0COVINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0LA
ReturnHeader/Filer/USAddress/ZIPCd070433
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId000C4EAAA69E1ABD936EC3CDC7814971195041275
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId000C4EAAA69E1ABD936EC3CDC7814971195041275
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt097.80.49.185
ReturnHeader/FilingSecurityInformation/IPDt02019-10-15
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:48:11
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0473815383
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0VOLLENWEIDER CPA SERVICES LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0611 RIVER HIGHLANDS BLVD STE A
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0COVINGTON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0LA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd070433
ReturnHeader/PreparerPersonGrp/PhoneNum09854005840
ReturnHeader/PreparerPersonGrp/PreparationDt02019-10-10
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0HOWARD P VOLLENWEIDER JR
ReturnHeader/ReturnTs02019-10-15T16:48:11-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02018-01-01
ReturnHeader/TaxPeriodEndDt02018-12-31
ReturnHeader/TaxYr02018

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$27,100
Liabilities
$2,991
Net assets
$24,109
Revenue
$77,803
Expenses
$64,229
Net income
$13,574
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