Liabilities / Assets
Score unavailable
Liabilities-to-assets requires both liabilities and assets on the latest valid filing.
The Fund for Covington Inc
EIN 46-1870633 • 501(c)3 • Covington, KY
Profile
The Fund for Covington, Inc. strives to expand the ability of the City of Covington to serve its residents by expanding access to resources. The organization acts as a fiscal agent and partner to leverage resources for the citizenry.
www.covingtonky.gov/government/boards-commissions/the-fund-for-covington-inc
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
No value available
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on the latest valid filing.
Net Margin
9th percentile
Higher net margin than 9% of similar nonprofits.
Top Officer Pay
84th percentile
Higher top officer pay than 84% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
29th percentile
Faster asset growth than 29% of similar nonprofits.
Revenue Growth
8th percentile
Faster revenue growth than 8% of similar nonprofits.
Balance Sheet
Assets
Down$140,661
Down $38,779 (-22%) from 2023
Liabilities
-
No earlier filing loaded for comparison.
Net Assets
Down$140,661
Down $38,779 (-22%) from 2023
Revenue
Down$32,820
Down $158,599 (-83%) from 2023
Expenses
Down$65,175
Down $10,595 (-14%) from 2023
Net Income
Down-$32,355
Down $148,004 (-128%) from 2023
Trend Graphs
Filings
Most recent year
2024 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $140,661
- Liabilities
- -
- Net assets
- $140,661
- Revenue
- $32,820
- Expenses
- $65,175
- Net income
- -$32,355
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2024 to Dec 31, 2024
- Signed
- Nov 3, 2025
- Return Version
- 2024v5.2
- Gross Receipts
- $32,820
Mission and Program Overview
Mission
Expand the ability of City of Covington to serve its residents by expanding access to resources. The organization acts as a fiscal agent and partner to leverage resources for the citizentry.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| Read Ready Covington is a city wide early learning initiative.Read Ready offers residents and youth access to diverse resources and information to use at home and on-the-go. Read Ready also holds community events,reading competitions, and serves as the lead partner with Covington early literacy partnership network. | $35,518 | $35,518 |
| Covington Riverfront Topping Off Celebration | $20,000 | $20,000 |
| Pride Center | $6,656 | $6,656 |
| Parks and Recreation | $452 | $452 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| Ken Smith | Chairman | - | $0 | - | - |
| Steve Webb | Director | - | $0 | - | - |
| Ben Oldiges | Secretary (Left 3/24) | - | $0 | - | - |
| Brandon Holmes | Treasurer | - | $0 | - | - |
| Tom West | Director | - | $0 | - | - |
| Greg Stacy | Secretary (Joined 3/24) | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- The Fund for Covington Inc
- EIN
- 46-1870633
- Phone
- 8592922334
- Address
- 20 West Pike Street, Covington, KY 41011
Signing Officer
- Name
- Brandon Holmes
- Title
- Board Treasurer
- Phone
- 8592922334
- Signed
- 2025-11-03
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Locey Mitchell & Associates Ltd
- Address
- 4760 Red Bank Expressway Suite 222, Cincinnati, OH 45227
- Preparer
- Michelle Locey
- Phone
- 5132813333
Supplemental Narrative
Additional Explanations
Pt III, Line 31
“Parks and Recreation”
Form 990EZ, Part I, Line 10
“Literacy and Community activities; Community; City of Covington: 20 W Pike St, Covington, KY, 41011; Sponsee, Direct payment of goods and services 12/31/2024 55518. 55518. 55518.”
Form 990EZ, Part I, Line 10
“Sponsor community organization; community; NKY Pride Center: 230 W. Pike Street, Covington, KY, 41011; Community Organization, Cash and reimbursement of costs 01/08/2024 6656. 6656. 6656.”
Form 990EZ, Part I, Line 16
“Tax return preparation 1785.”
Form 990EZ, Part I, Line 16
“Administrative 764.”
Form 990EZ, Part I, Line 16
“Parts & Recreation 452.”
Form 990EZ, Part I, Line 20
“6/22 Previous customer prepayments - inscribed gifts & books -1894.”
Form 990EZ, Part I, Line 20
“6/22 Previous customer prepayments - catering -2595.”
Form 990EZ, Part I, Line 20
“6/22 Previous customer prepayments - 19 substitute checks -3015.”
Form 990EZ, Part I, Line 20
“5/23 Previous customer prepayments - sweatshirts 1080.”
Raw XML Appendix215 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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| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501c3Ind | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 6379 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 0 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | -6424 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 3001 |
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| IRS990EZ/PartVIOfCompOfHghstPdEmplTxt | 0 | NONE |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | Expand the ability of City of Covington to serve its residents by expanding access to resources. The organization acts as a fiscal agent and partner to leverage resources for the citizentry. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 0 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | Read Ready Covington is a city wide early learning initiative.Read Ready offers residents and youth access to diverse resources and information to use at home and on-the-go. Read Ready also holds community events,reading competitions, and serves as the lead partner with Covington early literacy partnership network. |
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| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 3 | 452 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
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| IRS990EZ/SpecialEventsDirectExpensesAmt | 0 | 0 |
| IRS990EZ/SpecialEventsNetIncomeLossAmt | 0 | 0 |
| IRS990EZ/StatesWhereCopyOfReturnIsFldCd | 0 | KY |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 65175 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 62626 |
| IRS990EZ/TotalRevenueAmt | 0 | 32820 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
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| IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd | 0 | false |
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| IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd | 0 | false |
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| IRS990ScheduleA/OtherSupportSumAmt | 0 | 51371 |
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| IRS990ScheduleA/SupportedOrganizationsTotalCnt | 0 | 1 |
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| IRS990ScheduleA/SupportedOrgInformationGrp/EIN | 1 | 921652473 |
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| IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd | 1 | false |
| IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd | 0 | 6 |
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| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 0 | 50671 |
| IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt | 1 | 700 |
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| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | Parks and Recreation |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | Literacy and Community activities; Community; City of Covington: 20 W Pike St, Covington, KY, 41011; Sponsee, Direct payment of goods and services 12/31/2024 55518. 55518. 55518. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | Sponsor community organization; community; NKY Pride Center: 230 W. Pike Street, Covington, KY, 41011; Community Organization, Cash and reimbursement of costs 01/08/2024 6656. 6656. 6656. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | Tax return preparation 1785. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | Administrative 764. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | Parts & Recreation 452. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 6 | 6/22 Previous customer prepayments - inscribed gifts & books -1894. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 7 | 6/22 Previous customer prepayments - catering -2595. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 8 | 6/22 Previous customer prepayments - 19 substitute checks -3015. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 9 | 5/23 Previous customer prepayments - sweatshirts 1080. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | Pt III, Line 31 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | Form 990EZ, Part I, Line 10 |
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| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 7 | Form 990EZ, Part I, Line 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 8 | Form 990EZ, Part I, Line 20 |
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FUND |
| ReturnHeader/Filer/EIN | 0 | 461870633 |
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| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | KY |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 41011 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 311683754 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | Locey Mitchell & Associates Ltd |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 4760 Red Bank Expressway Suite 222 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | Cincinnati |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | OH |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 45227 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5132813333 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-11-06 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | Michelle Locey |
| ReturnHeader/ReturnTs | 0 | 2025-11-17T11:33:39-08:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2024-12-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
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