The Fund For Covington Inc
- Assets
- $107.8k
- Revenue
- $73.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Covington, KY
- Founding
- 06/2014
- Data as of
- 12/2021
- EIN
- 46-1870633
Organization Overview
The Fund For Covington Inc is located in Covington, KY. The organization was established in 2014. According to its NTEE Classification (N30) the organization is classified as: Physical Fitness & Community Recreational Facilities, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Fund For Covington Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EXPAND THE ABILITY OF THE CITY OF COVINGTON TO SERVE ITS RESIDENTS BY EXPANDING ACCESS TO RESOURCES. THE FUND FOR COVINGTON ACTS AS A FISCAL AGENT AND IS A PARTNER TO THE CITY THAT LEVERAGES RESOURCES FOR THE CITIZENRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
READ READY COVINGTON - RRC IS A CITY WIDE EARLY LITERACY INITIATIVE, OFFERING ALL RESIDENTS ACCESS TO DIVERSE RESOURCES AND INFORMATION TO USE AT HOME OR ON-THE-GO.
TOBACCO ALLEY: CAPITAL IMPROVEMENT PROJECTS, INCLUDING HARDSCAPE ITEMS AND PAVERS, THAT WERE MADE AS PART OF PUBLIC IMPROVEMENTS.
DEVOU PARK TRAIL: EXPENSES RELATED TO THE CONSTRUCTION OF AN ACCESS TRAIL CONNECTING THE RIVER BREEZE CONDOMINIUM COMPLEX TO THE DEVOU PARK TRAIL SYSTEM.
NKY PRIDE AND POLICE K-9 TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ken Smith Board Chairman | Trustee | 2 | $0 |
Ben Oldiges Secretary | Trustee | 2 | $0 |
Tom West Director | Trustee | 2 | $0 |
Muhammed Owusu Director | Trustee | 2 | $0 |
Brandon Holmes Treasurer | Trustee | 2 | $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 | $73,471 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,471 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| 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 | $73,471 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,500 |
| 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 | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,395 |
| Advertising and promotion | $0 |
| Office expenses | $14,891 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $8,747 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,099 |
| All other expenses | $0 |
| Total functional expenses | $130,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $107,826 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $107,826 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 | $107,826 |
| Total liabilities and net assets/fund balances | $107,826 |
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|---|---|---|
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Oglebay Foundation Inc Wheeling, WV | $18,691,463 | $4,251,520 |
Xavier University Student Health And Wellness Center Corporation Cincinnati, OH | $53,300,467 | $0 |
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Family Ymca Of Emporia Greensville Emporia, VA | $970,597 | $1,833,088 |
Cardinal Greenway Inc Muncie, IN | $15,294,218 | $884,519 |
South Suburban Special Recreation Association Tinley Park, IL | $2,126,834 | $1,231,235 |
Evansville-Vanderburgh County Convention And Visitors Comm Sport Evansville, IN | $2,161,496 | $1,055,780 |
Richland Carrousel Park Inc Mansfield, OH | $710,607 | $1,060,623 |