Covington Partners Inc
- Assets
- $515.5k
- Revenue
- $225.3k
- Investments
- $0.0
- Employees
- 0
- Location
- Covington, KY
- Founding
- 10/2004
- Data as of
- 06/2021
- EIN
- 20-1515753
Organization Overview
Covington Partners Inc is located in Covington, KY. The organization was established in 2004. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covington Partners Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Covington Partners Inc generated $225.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (8.5%) each year. All expenses for the organization totaled $248.5k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO REDUCE BARRIERS TO STUDENT LEARNING IN ORDER TO ADVANCE EDUCATION AMONG STUDENTS IN COVINGTON, KY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FAMILY STRENGTHENING
MENTORING AND COMMUNITY LEARNING CENTER
OTHER PROGRAMS INCLUDING DRUG AND ALCOHOL PREVENTION
FAMILY STRENGTHENING
MENTORING AND COMMUNITY LEARNING CENTER
OTHER PROGRAMS INCLUDING DRUG AND ALCOHOL PREVENTION
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Amber Decker Secretary | OfficerTrustee | $0 | |
Niki Lunsford Vice Chair | OfficerTrustee | $0 | |
Don Rosing Treasurer | OfficerTrustee | $0 | |
Dr Carissa Schutzman Chair | OfficerTrustee | $0 | |
Stacie Strotman Executive Di | Officer | $0 | |
Rachel Cruse Director | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $80,016 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $145,223 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $225,239 |
| Total Program Service Revenue | $0 |
| Investment income | $18 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $225,257 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $209,606 |
| Advertising and promotion | $0 |
| Office expenses | $814 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $240 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,201 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $649 |
| Insurance | $2,428 |
| All other expenses | $5,499 |
| Total functional expenses | $248,518 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $509,988 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,925 |
| Net Land, buildings, and equipment | $2,596 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $515,509 |
| Accounts payable and accrued expenses | $56,381 |
| Grants payable | $0 |
| Deferred revenue | $37,159 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $93,540 |
| Net assets without donor restrictions | $196,573 |
| Net assets with donor restrictions | $225,396 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $515,509 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Covington Partners Inc has recieved totaling $193,798.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Cincinnati Cincinnati, OH PURPOSE: Program Operating Cost | $65,725 |
St Elizabeth Medical Center Inc Edgewood, KY PURPOSE: Program Support | $60,500 |
Johnson Charitable Gift Fund Cincinnati, OH PURPOSE: GENERAL FUND | $37,500 |
The Duke Energy Foundation Charlotte, NC PURPOSE: VIBRANT ECONOMIES | $10,000 |
Horizon Community Funds Of Northern Kentucky Inc Covington, KY PURPOSE: General Support | $10,000 |
Butler Foundation Covington, KY PURPOSE: PROGRAM SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The University Of Tennessee Foundat Ion Inc Knoxville, TN | $742,610,209 | $198,804,674 |
University Of Louisville Foundation Inc Louisville, KY | $1,075,988,166 | $43,496,002 |
Ohio University Foundation Athens, OH | $641,559,157 | $75,179,430 |
Old Dominion University Research Foundation Norfolk, VA | $35,170,684 | $51,598,508 |
University Of Virginia Darden School Foundation Charlottesville, VA | $664,692,543 | $80,428,705 |
William & Mary Foundation Williamsburg, VA | $1,122,551,962 | $79,373,462 |
University Of Virginia Foundation Charlottesville, VA | $508,958,321 | $36,530,024 |
Iu Medical Group Foundation Inc Indianapolis, IN | $256,189,183 | $45,380,536 |
University Health Services Inc Richmond, VA | $34,736,696 | $16,366,834 |
Medical College Of Virginia Foundation Richmond, VA | $645,911,510 | $54,318,573 |
University Of Memphis Foundation Memphis, TN | $175,396,802 | $38,710,840 |
Virginia Commonwealth University College Of Engineering Foundation Richmond, VA | $131,974,636 | $12,076,889 |