Devou Properties Inc
- Assets
- $3.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 116
- Location
- Covington, KY
- Founding
- 12/2005
- Data as of
- 12/2021
- EIN
- 35-2209497
Organization Overview
Devou Properties Inc is located in Covington, KY. The organization was established in 2005. According to its NTEE Classification (W20) the organization is classified as: Government & Public Administration, under the broad grouping of Public & Societal Benefit and related organizations. As of 12/2021, Devou Properties Inc employed 116 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Devou Properties 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, Devou Properties Inc generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $2.2m during the year ending 12/2021. 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 PROVIDE SERVICES AND PERFORM FUNCTIONS FOR DEVOU PARK, A PUBLIC RECREATIONAL FACILITY OWNED BY THE CITY OF COVINGTON, KENTUCKY. THESE SERVICES INCLUDE THE CARE, UPKEEP, OPERATION, AND MANAGEMENT OF DREES PAVILION RECEPTION CENTER, DEVOU PARK GOLF AND EVENT CENTER, AND DEVOU PARK CYCLE LEASING CONCESSION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARE, UPKEEP, AND OPERATIONS OF THE DREES PAVILION AT DEVOU PARK MEMORIAL OVERLOOK
CARE, UPKEEP, AND OPERATION OF THE DEVOU PARK GOLF & EVENTS CENTER
CARE, UPKEEP, AND OPERATION OF DEVOU PARK CYCLE LEASING CONCESSION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Scott Mescher Executive Director | Officer | 40 | $97,856 |
Dennis Williams Treasurer | OfficerTrustee | 1 | $0 |
Greg Engelman Secretary | OfficerTrustee | 1 | $0 |
Barbara Drees Jones Chair | OfficerTrustee | 2 | $0 |
Jelena V Aylor Vice Chair | OfficerTrustee | 1 | $0 |
Tai Schulte Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,215,367 |
| Investment income | $265 |
| 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 | $89,160 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,304,792 |
| 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. | $97,856 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $538,879 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $138,535 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $9,676 |
| Fees for services: Accounting | $12,415 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $51,683 |
| Office expenses | $12,292 |
| Information technology | $4,820 |
| Royalties | $0 |
| Occupancy | $48,500 |
| Travel | $2,251 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $727 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $87,355 |
| Insurance | $53,811 |
| All other expenses | $1,057,943 |
| Total functional expenses | $2,206,908 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,727,441 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $77,157 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $48,310 |
| Prepaid expenses and deferred charges | $17,005 |
| Net Land, buildings, and equipment | $308,755 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,178,668 |
| Accounts payable and accrued expenses | $95,800 |
| Grants payable | $0 |
| Deferred revenue | $469,795 |
| 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 | $9,648 |
| Other liabilities | $58,839 |
| Total liabilities | $634,082 |
| Net assets without donor restrictions | $2,544,586 |
| Net assets with donor restrictions | $0 |
| 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 | $3,178,668 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Devou Properties Inc has recieved totaling $46,400.
| Awarding Organization | Amount |
|---|---|
Schwab Charitable Fund San Francisco, CA PURPOSE: SOCIAL SERVICES/SOCIAL BENEFITS | $46,400 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Barton County Elec Coop Inc Lamar, MO | $53,305,232 | $19,554,475 |
Reston Association Reston, VA | $43,721,869 | $19,863,227 |
Center Forward Mc Lean, VA | $3,661,131 | $18,823,440 |
American Legislative Exchange Council Arlington, VA | $8,013,515 | $9,832,106 |
Cristo Rey Kansas City Kansas City, MO | $7,796,405 | $4,970,520 |
Center For Technology And Civic Life Chicago, IL | $81,351,444 | $64,574,797 |
City Of Pikeville Exposition Center Corporation Pikeville, KY | $1,321,608 | $4,939,974 |
Heartland Institute Arlington Heights, IL | $1,778,407 | $4,106,509 |
Brotherhood Of Maintenance Of Way Employees Mayfield, KY | $4,737,490 | $3,573,473 |
Wilson County Promotions Inc Lebanon, TN | $3,248,871 | $4,128,841 |
Better Government Association Inc Chicago, IL | $3,907,227 | $3,042,344 |
A Public Voice Inc Thornville, OH | $202,623 | $2,766,448 |