Covington Economic Development Corporation
- Assets
- $84.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Covington, TN
- Founding
- 03/2003
- Data as of
- 06/2022
- EIN
- 30-0136039
Organization Overview
Covington Economic Development Corporation is located in Covington, TN. The organization was established in 2003. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Covington Economic Development Corporation 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 06/2022, Covington Economic Development Corporation generated $57.7k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 41.6% each year . All expenses for the organization totaled $73.5k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Keith President | 0 | $0 | |
Lisa Keith-Babb Board Member | 0 | $0 | |
Keith Babb Treasurer | 0 | $0 | |
Lori Beth Belk President-El | 0 | $0 | |
Ed Doyle Board Member | 0 | $0 | |
David Gwinn Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $17,000 |
| Total Program Service Revenue | $13,678 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $7,454 |
| Other Revenue | $19,537 |
| Total Revenue | $57,669 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $59,230 |
| Total expenses | $73,502 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $25,962 |
| Other assets | $0 |
| Total assets | $84,547 |
| Total liabilities | $0 |
| Net assets or fund balances | $84,547 |