Civic Intelligence

The Fund for Covington Inc.

990EZ • Fiscal year 2023 • EIN 46-1870633

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 12, 2024

Organization ProfileN/A
20 West Pike StreetCovington, KY 41011

(859) 292-2334

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 2023

Liabilities / Revenue

Score unavailable

No value available

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

Source year 2023

Net Margin

93rd percentile

60%

Higher net margin than 93% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Top Officer Pay

78th percentile

$0

Higher top officer pay than 78% of similar nonprofits.

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

2023 filings • 501(c)3 • <$500k nonprofits • Source year 2023

Asset Growth

95th percentile

181%

Faster asset growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

97th percentile

385%

Faster revenue growth than 97% of similar nonprofits.

2023 filings • 501(c)3 • <$500k nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Up

$179,440

Up $115,649 (+181%) from 2022

Net Assets

Up

$179,440

Up $115,649 (+181%) from 2022

Liabilities

-

No earlier filing loaded for comparison.

Revenue And Expenses
Liabilities / RevenueScore unavailableNet Margin93rd percentile

Revenue

Up

$191,419

Up $151,912 (+385%) from 2022

Expenses

Down

$75,770

Down $7,772 (-9.3%) from 2022

Net Income

Up

$115,649

Up $159,684 (+363%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth95th percentile

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

$200K$150K$100K$50K$0Assets 2020: $165,201Liabilities 2020: $0Net Assets 2020: $165,2012020Assets 2021: $107,826Liabilities 2021: $0Net Assets 2021: $107,8262021Assets 2022: $63,791Liabilities 2022: $0Net Assets 2022: $63,7912022Assets 2023: $179,440Net Assets 2023: $179,4402023Assets 2024: $140,661Net Assets 2024: $140,6612024

Highlighted filing

2023

Assets$179,440
Liabilities-
Net Assets$179,440
Open 2023 Filing

Operations Trend

Revenue Growth97th percentile

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

$300K$200K$100K$0-$100KRevenue 2020: $237,445Expenses 2020: $72,244Net Income 2020: $165,2012020Revenue 2021: $73,471Expenses 2021: $130,846Net Income 2021: -$57,3752021Revenue 2022: $39,507Expenses 2022: $83,542Net Income 2022: -$44,0352022Revenue 2023: $191,419Expenses 2023: $75,770Net Income 2023: $115,6492023Revenue 2024: $32,820Expenses 2024: $65,175Net Income 2024: -$32,3552024

Highlighted filing

2023

Revenue$191,419
Expenses$75,770
Net Income$115,649
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 12, 2024
Return Version
2023v5.1
Gross Receipts
$198,019
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

DescriptionGrantsExpenses
Donations to the community and the City of covington including the Pride parade, Fall Festholiday reading program$0$36,767
Read Ready Covington and Teacher award program$500$6,909
Compensation and Service Providers
Top Officer Pay78th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ken SmithChairman-$0--
Steve WebbDirector-$0--
Ben OldigesSecretary-$0--
Brandon HolmesTreasurer-$0--
Tom WestDirector-$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
Ken Smith
Title
Board Chairman
Phone
8592922334
Signed
2024-11-12
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

Other

“Form 990 is available to all members of the governing body for review prior to filing.”

Other

“Financial documents are made available for public inspection as requested.”

Other

“Cash Basis except for Prepayments for events on hold.”

Form 990EZ, Part I, Line 10

“Teacher Grant; Grant; Jennifer Williamson: , , , ; , 500.”

Form 990EZ, Part I, Line 16

“Office supplies and materials 33960.”

Form 990EZ, Part I, Line 16

“Event supplies and materials 10366.”

Form 990EZ, Part I, Line 16

“Improvements 7500.”

Form 990EZ, Part I, Line 16

“Sponsorships 1350.”

Raw XML Appendix190 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
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IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0Covington
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0KY
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd041011
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/EmployeeBenefitProgramAmt20
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IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt20
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt30
IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt40
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0Ken Smith
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1Steve Webb
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2Ben Oldiges
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3Brandon Holmes
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4Tom West
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0Chairman
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Director
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2Secretary
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3Treasurer
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4Director
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501c3Ind0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/BOYAmt07458
IRS990EZ/OtherAssetsTotalDetail/EOYAmt06379
IRS990EZ/OtherExpensesTotalAmt053176
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0Expand 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/PrintingPublicationsPostageAmt05159
IRS990EZ/ProgramServiceRevenueAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Donations to the community and the City of covington including the Pride parade, Fall Festholiday reading program
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt1Read Ready Covington and Teacher award program
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt00
IRS990EZ/ProgramSrvcAccomplishmentGrp/GrantsAndAllocationsAmt1500
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt036767
IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt16909
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt03195
IRS990EZ/SaleOfAssetsGrossAmt06716
IRS990EZ/SchoolOperatingInd0false
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SpecialEventsNetIncomeLossAmt00
IRS990EZ/StatesWhereCopyOfReturnIsFldCd0KY
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt075770
IRS990EZ/TotalProgramServiceExpensesAmt043676
IRS990EZ/TotalRevenueAmt0191419
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0198019
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt039507
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt073471
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0237445
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt0548442
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt00
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IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt00
IRS990ScheduleA/InvestmentIncomeCYPct00
IRS990ScheduleA/OtherIncome170Grp/TotalAmt00
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.47520
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IRS990ScheduleA/PublicSupportTotal170Amt0260634
IRS990ScheduleA/PublicSupportTotal509Amt00
IRS990ScheduleA/SubstantialContributorsTotAmt0287808
IRS990ScheduleA/TaxRevLeviedOrgnztnlBnft170Grp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0198019
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt039507
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt073471
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0237445
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt0548442
IRS990ScheduleA/TotalSupportAmt0548442
IRS990ScheduleA/UnrelatedBusinessNetIncm170Grp/TotalAmt00
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0Form 990 is available to all members of the governing body for review prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1Financial documents are made available for public inspection as requested.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Cash Basis except for Prepayments for events on hold.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Teacher Grant; Grant; Jennifer Williamson: , , , ; , 500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Office supplies and materials 33960.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Event supplies and materials 10366.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6Improvements 7500.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7Sponsorships 1350.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990EZ, Part I, Line 10
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6Form 990EZ, Part I, Line 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990EZ, Part I, Line 16
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Ken Smith
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Board Chairman
ReturnHeader/BusinessOfficerGrp/PhoneNum08592922334
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-11-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0The Fund for Covington Inc
ReturnHeader/Filer/BusinessNameControlTxt0FUND
ReturnHeader/Filer/EIN0461870633
ReturnHeader/Filer/PhoneNum08592922334
ReturnHeader/Filer/USAddress/AddressLine1Txt020 West Pike Street
ReturnHeader/Filer/USAddress/CityNm0Covington
ReturnHeader/Filer/USAddress/StateAbbreviationCd0KY
ReturnHeader/Filer/USAddress/ZIPCd041011
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0311683754
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Locey Mitchell & Associates Ltd
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt04760 Red Bank Expressway Suite 222
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Cincinnati
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0OH
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd045227
ReturnHeader/PreparerPersonGrp/PhoneNum05132813333
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Michelle Locey
ReturnHeader/ReturnTs02024-11-14T07:59:43-08:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02023-01-01
ReturnHeader/TaxPeriodEndDt02023-12-31
ReturnHeader/TaxYr02023

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$179,440
Liabilities
-
Net assets
$179,440
Revenue
$191,419
Expenses
$75,770
Net income
$115,649
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.41$1.41$0.33$0.65$0.32
2023Detailed filing. Detailed filing data is available for this year.$1.79$1.79$1.91$0.76$1.16
2022Detailed filing. Detailed filing data is available for this year.$0.64$0.00$0.64$0.40$0.84$0.44
2021Detailed filing. Detailed filing data is available for this year.$1.08$0.00$1.08$0.73$1.31$0.57
2020Summary only. Only limited summary data is available for this year.$1.65$0.00$1.65$2.37$0.72$1.65