Covington Business Council Foundaiton Inc
- Assets
- $46.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Covington, KY
- Founding
- 11/1984
- Data as of
- 12/2021
- 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 12/2021, Covington Business Council Foundaiton Inc generated $71.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $38.3k during the year ending 12/2021. 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
2021
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 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $71,672 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $71,672 |
| 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 | $750 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $38,274 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $46,759 |
| Other assets | $0 |
| Total assets | $46,759 |
| Total liabilities | $0 |
| Net assets or fund balances | $46,759 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Covington Business Council Foundaiton Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH PURPOSE: VISITOR ENGAGEMENT PROJECT | $50,000 |
Peer Organizations
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|---|---|---|
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Disability In Alexandria, VA | $11,237,053 | $8,690,736 |
National Community Investment Fund Irrv Tr Chicago, IL | $49,874,763 | $9,294,920 |
Ladies Union Benevolent Association St Joseph, MO | $16,215,368 | $4,268,127 |
National Association Of Electrical Distributors Education Foundation St Louis, MO | $19,969,630 | $3,274,087 |
Felix E Martin Jr Foundation Inc Louisville, KY | $76,641,628 | $5,817,946 |
Appalachian Community Capital Corporation Christiansburg, VA | $27,470,921 | $2,186,125 |
Cincinnati Business Committee Cincinnati, OH | $2,454,337 | $2,320,929 |
Council Of Development Finance Agenices Columbus, OH | $1,148,923 | $1,718,525 |
Responsible Business Alliance Foundation Alexandria, VA | $1,775,206 | $1,733,955 |
St Joseph Services Inc Chicago, IL | $1,123,789 | $1,648,775 |
Massanetta Springs Inc Harrisonburg, VA | $9,619,068 | $2,786,663 |