Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on this filing.
Covington Economic Development Corporation
990EZ • Fiscal year 2022 • EIN 30-0136039
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
16th percentile
Higher net margin than 16% of similar nonprofits.
Top Officer Pay
78th percentile
Higher top officer pay than 78% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Balance Sheet
Assets
Down$84,547
Down $147,629 (-64%) from 2016
Net Assets
Down$84,547
Down $141,029 (-63%) from 2016
Liabilities
-
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
Up$57,669
Up $28,912 (+101%) from 2016
Expenses
Up$73,502
Up $52,091 (+243%) from 2016
Net Income
Down-$15,833
Down $23,179 (-316%) from 2016
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2021 to Jun 30, 2022
- Signed
- Jan 24, 2023
- Return Version
- 2021v4.0
- Gross Receipts
- $63,767
Mission and Program Overview
Mission
Operates for the stabilization and revitalization of the covington, tennessee community through a joint effort of residents, businesses, churches, and agencies.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| ECONOMIC & DOWNTOWN REVITALIZATION | $14,272 | $71,412 |
| ECONOMIC & DOWNTOWN REVITALIZATION | - | $2,090 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| DAVID KEITH | President | - | $0 | - | - |
| LISA KEITH-BABB | Board Member | - | $0 | - | - |
| KEITH BABB | Treasurer | - | $0 | - | - |
| LORI BETH BELK | President-El | - | $0 | - | - |
| ED DOYLE | Board Member | - | $0 | - | - |
| DAVID GWINN | Board Member | - | $0 | - | - |
| PANSY HANSON | Board Member | - | $0 | - | - |
| RODERICK HICKMAN | Board Member | - | $0 | - | - |
| TARA THOMPSON | Board Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Covington Economic Development
- EIN
- 30-0136039
- Address
- PO BOX 683, COVINGTON, TN 38019
Signing Officer
- Name
- Lori Beth Belk
- Title
- President-elect
- Phone
- 9013139139
- Signed
- 2023-01-24
Preparer
- Firm
- Whitehorn Tankersley & Davis Pllc
- Address
- 110 EAST PLEASANT AVENUE, COVINGTON, TN 38019
- Preparer
- Rick Tankersley CPA
- Phone
- 9014768275
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8
“Other 9,937 rent income 9,600 total 19,537”
Form 990-ez, Part I, Line 10
“Name: covington - tipton co chamber of co address: p.o. Box 683 covington, tn 38019 cash contribution: 7,000 name: covington park & rec dept address: 200 w washington ave covington, tn 38019 cash contribution: 7,272”
Form 990-ez, Part I, Line 16
“Expenses farmers' market 8,066 music on square 8,288 taxes and licenses 1,981 insurance 2,400 repairs & maintenance 9,250 miscellaneous expenses 14,263 professional fees 500 tn downtown project 12,392 non-investment depreciation 2,090 total 59,230”
Form 990-ez, Part II, Line 24
“Farmers market pavilion 83,569 83,569 less accumulated depreciation 22,894 24,984 total 60,675 58,585”
Form 990-ez, Part III
“Donation to city of covington park & recreation department”
Form 990-ez, Part III
“Operates for the stabilization and revitalization of the covington, tennessee community through a joint effort of residents, businesses, churches, and agencies.”
Form 990-ez, Part III, Line 31
“Economic & downtown revitalization”
Raw XML Appendix155 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.
| Path | # | Value |
|---|---|---|
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | LORI BETH BELK |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 9013139139 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 111 COURT SQUARE EAST |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | COVINGTON |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | TN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 38019 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 39705 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 25962 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/ContributionsGiftsGrantsEtcAmt | 0 | 17000 |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -15833 |
| IRS990EZ/FiledScheduleAInd | 0 | true |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 100380 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 84547 |
| IRS990EZ/FundraisingGrossIncomeAmt | 0 | 13552 |
| IRS990EZ/GrantsAndSimilarAmountsPaidAmt | 0 | 14272 |
| IRS990EZ/GrossReceiptsAmt | 0 | 63767 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/LobbyingActivitiesInd | 0 | false |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 100380 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 84547 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 100380 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 84547 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 5 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 6 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 7 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 8 | 000.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 6 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 7 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 8 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | DAVID KEITH |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | LISA KEITH-BABB |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | KEITH BABB |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | LORI BETH BELK |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | ED DOYLE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 5 | DAVID GWINN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 6 | PANSY HANSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 7 | RODERICK HICKMAN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 8 | TARA THOMPSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | TREASURER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | PRESIDENT-EL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 6 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 7 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 8 | BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 60675 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 58585 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 59230 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 19537 |
| IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt | 0 | NONE |
| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | OPERATES FOR THE STABILIZATION AND REVITALIZATION OF THE COVINGTON, TENNESSEE COMMUNITY THROUGH A JOINT EFFORT OF RESIDENTS, BUSINESSES, CHURCHES, AND AGENCIES. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 13678 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | ECONOMIC & DOWNTOWN REVITALIZATION |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 1 | ECONOMIC & DOWNTOWN REVITALIZATION |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt | 0 | 14272 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 71412 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 1 | 2090 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SchoolOperatingInd | 0 | false |
| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 6098 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 7454 |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 73502 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 73502 |
| IRS990EZ/TotalRevenueAmt | 0 | 57669 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 17000 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 17000 |
| IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt | 0 | 46767 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportCY170Pct | 0 | 1.00000 |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 17000 |
| IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind | 0 | X |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 17000 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 17000 |
| IRS990ScheduleA/TotalSupportAmt | 0 | 17000 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | OTHER 9,937 RENT INCOME 9,600 TOTAL 19,537 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | NAME: COVINGTON - TIPTON CO CHAMBER OF CO ADDRESS: P.O. BOX 683 COVINGTON, TN 38019 CASH CONTRIBUTION: 7,000 NAME: COVINGTON PARK & REC DEPT ADDRESS: 200 W WASHINGTON AVE COVINGTON, TN 38019 CASH CONTRIBUTION: 7,272 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | EXPENSES FARMERS' MARKET 8,066 MUSIC ON SQUARE 8,288 TAXES AND LICENSES 1,981 INSURANCE 2,400 REPAIRS & MAINTENANCE 9,250 MISCELLANEOUS EXPENSES 14,263 PROFESSIONAL FEES 500 TN DOWNTOWN PROJECT 12,392 NON-INVESTMENT DEPRECIATION 2,090 TOTAL 59,230 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | FARMERS MARKET PAVILION 83,569 83,569 LESS ACCUMULATED DEPRECIATION 22,894 24,984 TOTAL 60,675 58,585 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | DONATION TO CITY OF COVINGTON PARK & RECREATION DEPARTMENT |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | OPERATES FOR THE STABILIZATION AND REVITALIZATION OF THE COVINGTON, TENNESSEE COMMUNITY THROUGH A JOINT EFFORT OF RESIDENTS, BUSINESSES, CHURCHES, AND AGENCIES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | ECONOMIC & DOWNTOWN REVITALIZATION |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 10 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART III |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 6 | FORM 990-EZ, PART III, LINE 31 |
| ReturnHeader/BuildTS | 0 | 2023-04-26 12:10:37Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | LORI BETH BELK |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT-ELECT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 9013139139 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2023-01-24 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | COVINGTON ECONOMIC DEVELOPMENT |
| ReturnHeader/Filer/BusinessName/BusinessNameLine2Txt | 0 | CORPORATION |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | COVI |
| ReturnHeader/Filer/EIN | 0 | 300136039 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | PO BOX 683 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | COVINGTON |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 38019 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 621039882 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | WHITEHORN TANKERSLEY & DAVIS PLLC |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 110 EAST PLEASANT AVENUE |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | COVINGTON |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | TN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 38019 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 9014768275 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2023-01-25 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | RICK TANKERSLEY CPA |
| ReturnHeader/ReturnTs | 0 | 2023-05-22T17:18:56-04:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | LORI BETH |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | BELK |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-06-30 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $84,547
- Liabilities
- -
- Net assets
- $84,547
- Revenue
- $57,669
- Expenses
- $73,502
- Net income
- -$15,833