Civic Intelligence

Fondren Covered

990EZ • Fiscal year 2024 • EIN 30-1222037

Jan 01, 2024 to Dec 31, 2024 • Filed on Feb 11, 2025

Organization ProfileWWW.COVERED-MUSIC.COM
PO Box 1039Jackson, MS 39215

(601) 955-7400

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on this filing.

Source year 2024

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2024

Net Margin

30th percentile

-7.2%

Higher net margin than 30% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Top Officer Pay

79th percentile

$0

Higher top officer pay than 79% of similar nonprofits.

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

2024 filings • 501(c)3 • <$500k nonprofits • Source year 2024

Asset Growth

10th percentile

-54%

Faster asset growth than 10% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Revenue Growth

75th percentile

30%

Faster revenue growth than 75% of similar nonprofits.

2024 filings • 501(c)3 • <$500k nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$8,041

Down $9,629 (-54%) from 2023

Net Assets

Down

$8,041

Down $9,629 (-54%) from 2023

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin30th percentile

Revenue

Up

$134,218

Up $31,313 (+30%) from 2023

Expenses

Up

$143,847

Up $47,346 (+49%) from 2023

Net Income

Down

-$9,629

Down $16,033 (-250%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth10th percentile

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

$30K$20K$10K$0Assets 2022: $11,266Net Assets 2022: $11,2662022Assets 2023: $17,670Net Assets 2023: $17,6702023Assets 2024: $8,041Net Assets 2024: $8,0412024Assets 2025: $24,691Net Assets 2025: $24,6912025

Highlighted filing

2024

Assets$8,041
Liabilities-
Net Assets$8,041
Open 2024 Filing

Operations Trend

Revenue Growth75th percentile

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

$150K$100K$50K$0-$50KRevenue 2022: $96,523Expenses 2022: $92,693Net Income 2022: $3,8302022Revenue 2023: $102,905Expenses 2023: $96,501Net Income 2023: $6,4042023Revenue 2024: $134,218Expenses 2024: $143,847Net Income 2024: -$9,6292024Revenue 2025: $131,123Expenses 2025: $114,472Net Income 2025: $16,6512025

Highlighted filing

2024

Revenue$134,218
Expenses$143,847
Net Income-$9,629
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Feb 11, 2025
Return Version
2024v5.0
Gross Receipts
$134,218
Mission and Program Overview

Mission

The organization will raise public support and conduct fundraising events to secure charitable funds which will be franted to other non-profit organization to support their programs and activities.

Program Services

DescriptionGrantsExpenses
RAISE PUBLIC SUPPORT AND CONDUCT FUNDRAISING EVENTS TO SECURE CHARITABLE FUNDS WHICH WILL BE FRANTED TO OTHER NON-PROFIT ORGANIZATIONS TO SUPPORT THEIR PROGRAMS AND ACTIVITIES.--
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
WALTON STRINGERVice Preside-$0--
CYNTHIA DECKERSecretary Tr-$0--
CHARLES WATTSPresident-$0--
Fundraising, Events, and Gaming

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Music Concerts$134,218$134,218-$134,218
Total Events$134,218$134,218-$134,218
Filing and Contact Details

Filer

Filer Name
Fondren Covered
EIN
30-1222037
Phone
6019557400
Address
PO BOX 1039, JACKSON, MS 39215

Signing Officer

Name
Charles Watts
Title
President
Phone
6019106220
Signed
2025-02-11
Discuss with paid preparer
Yes

Preparer

Firm
PARKER AND ASSOCIATES CPA'S PLLC
Address
PO BOX 13589, JACKSON, MS 39236-3589
Preparer
R Phillip Parker CPA
Phone
6019825341
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

“Music concerts insurance 595 little light house 39,274 wellsfest 13,150 the net 10,000 soul city jackson 31,000 cost of goods sold 49,828 total 143,847”

Form 990-ez, Part III

“The organization will raise public support and conduct fundraising events to secure charitable funds which will be franted to other non-profit organization to support their programs and activities.”

Raw XML Appendix125 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/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0CHARLES WATTS
IRS990EZ/BooksInCareOfDetail/PhoneNum06019557400
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0403 WHITTINGTON CIRCLE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MADISON
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MS
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd039110
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt017670
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt08041
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-9629
IRS990EZ/FiledScheduleAInd0true
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt017670
IRS990EZ/Form990TotalAssetsGrp/EOYAmt08041
IRS990EZ/FundraisingGrossIncomeAmt0134218
IRS990EZ/GrossReceiptsAmt0134218
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LobbyingActivitiesInd0false
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt017670
IRS990EZ/NetAssetsOrFundBalancesEOYAmt08041
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt017670
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt08041
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt0000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt1000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt2000.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0WALTON STRINGER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1CYNTHIA DECKER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2CHARLES WATTS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0VICE PRESIDE
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1SECRETARY TR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt0143847
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0THE ORGANIZATION WILL RAISE PUBLIC SUPPORT AND CONDUCT FUNDRAISING EVENTS TO SECURE CHARITABLE FUNDS WHICH WILL BE FRANTED TO OTHER NON-PROFIT ORGANIZATION TO SUPPORT THEIR PROGRAMS AND ACTIVITIES.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0RAISE PUBLIC SUPPORT AND CONDUCT FUNDRAISING EVENTS TO SECURE CHARITABLE FUNDS WHICH WILL BE FRANTED TO OTHER NON-PROFIT ORGANIZATIONS TO SUPPORT THEIR PROGRAMS AND ACTIVITIES.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsNetIncomeLossAmt0134218
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt0143847
IRS990EZ/TotalRevenueAmt0134218
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0WWW.COVERED-MUSIC.COM
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt0134218
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt0102905
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt096523
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0333646
IRS990ScheduleA/InvestmentIncomeCYPct00.00000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct01.00000
IRS990ScheduleA/PublicSupportPY509Pct01.00000
IRS990ScheduleA/PublicSupportTotal509Amt0333646
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0134218
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0102905
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt096523
IRS990ScheduleA/Total509Grp/TotalAmt0333646
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0134218
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0102905
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt096523
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0333646
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0MUSIC CONCERTS
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0134218
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0134218
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0134218
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0134218
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0134218
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MUSIC CONCERTS INSURANCE 595 LITTLE LIGHT HOUSE 39,274 WELLSFEST 13,150 THE NET 10,000 SOUL CITY JACKSON 31,000 COST OF GOODS SOLD 49,828 TOTAL 143,847
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION WILL RAISE PUBLIC SUPPORT AND CONDUCT FUNDRAISING EVENTS TO SECURE CHARITABLE FUNDS WHICH WILL BE FRANTED TO OTHER NON-PROFIT ORGANIZATION TO SUPPORT THEIR PROGRAMS AND ACTIVITIES.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART III
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0CHARLES WATTS
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum06019106220
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-02-11
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FONDREN COVERED
ReturnHeader/Filer/BusinessNameControlTxt0FOND
ReturnHeader/Filer/EIN0301222037
ReturnHeader/Filer/PhoneNum06019557400
ReturnHeader/Filer/USAddress/AddressLine1Txt0PO BOX 1039
ReturnHeader/Filer/USAddress/CityNm0JACKSON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MS
ReturnHeader/Filer/USAddress/ZIPCd039215
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0640792641
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0PARKER AND ASSOCIATES CPA'S PLLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 13589
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0JACKSON
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MS
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd0392363589
ReturnHeader/PreparerPersonGrp/PhoneNum06019825341
ReturnHeader/PreparerPersonGrp/PreparationDt02025-02-11
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0R PHILLIP PARKER CPA
ReturnHeader/ReturnTs02025-03-14T08:27:48-04:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$8,041
Liabilities
-
Net assets
$8,041
Revenue
$134,218
Expenses
$143,847
Net income
-$9,629
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.25$0.25$1.31$1.14$0.17
2024Detailed filing. Detailed filing data is available for this year.$0.08$0.08$1.34$1.44$0.10
2023Detailed filing. Detailed filing data is available for this year.$0.18$0.18$1.03$0.97$0.06
2022Detailed filing. Detailed filing data is available for this year.$0.11$0.11$0.97$0.93$0.04