Covington Business Council Foundaiton Inc
- Assets
- $80.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Covington, KY
- Founding
- 11/1984
- Data as of
- 12/2022
- EIN
- 31-1107891
Organization Overview
Covington Business Council Foundaiton Inc is located in Covington, KY. The organization was established in 1984. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, 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 Business Council Foundaiton 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 12/2022, Covington Business Council Foundaiton Inc generated $50.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (9.2%) each year. All expenses for the organization totaled $17.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
FUND RAISING EVENTS AND GRANTS PROVIDE REVENUE FOR LITTER CLEAN UP IN COVINGTON
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Pat Frew Executive Director | 2 | $0 | |
Tony Milburn Chair | 2 | $0 | |
Greg Paeth Board Member | 2 | $0 | |
Jeanne Schroer Board Memer | 2 | $0 | |
Dale Silver Board Member | 2 | $0 | |
Rodger Peterman Board Member | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,100 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $695 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $50,795 |
| 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 | $800 |
| Occupancy, rent, utilities, and maintenance | $166 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $17,905 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $80,449 |
| Other assets | $0 |
| Total assets | $80,449 |
| Total liabilities | $800 |
| Net assets or fund balances | $79,649 |