Covington Partners INC FY2022 filing

Tax-deductible

Fort Wright, KY501(c)(3)Since 1999EducationEIN 20-1515753Revenue $277K in FY2022

On file with the IRSpartnersforchange.org1717 Dixie Highway Suite 436, 41011-2766 · Fort Wright, KYTax-exempt since Oct 2004Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

To reduce barriers to student learning in order to advance education among students

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $106K a year · 19% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
24 mo
of spending, in cash
Looks good: 23.9 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
8
named funders · $1.2M
Looks good: 8 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$103K
19% of total assets
Looks good: liabilities are 19% of assets; 50% or less.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$277K
+23% vs prior year
Spent
$266K
To programs
82%
Net assets
$433K
By yearFY2020–FY2024
Revenue
$277K
FY2022▲ +23%
Tap a bar for its year
Revenue by fiscal year
FY2020$429K
FY2021$225K
FY2022$277K
FY2023$763K
FY2024$1.2M
FY2024$2.2M
Expenses
$266K
FY2022▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$254K
FY2021$249K
FY2022$266K
FY2023$480K
FY2024$1.1M
FY2024$1.6M
Net assets
$433K
FY2022▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2020$445K
FY2021$422K
FY2022$433K
FY2023$716K
FY2024$800K
FY2024$1.5M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

Give Claim
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Oct 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $218K Management & general 18% · $48K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

26 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Neena Volk’s $15K as Chief Operating Officer is at the 3rd percentile of top reported officer pay among 3394 $1–10M education nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Covington Partners INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Removes obstacles to learning to improve education for Covington, KY students.

Provided by the organization

Know this organization? Claim it to add your story

3 programs · $218K · in their own filed words · FY2021
01

Mentoring and community learning center

$175Kprogram expense
02

Family strengthening

$40Kprogram expense
03

Other programs including mental & physical health

$3Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 8 funders →

By the numbers

The FY2022 990, line by line.

1The main four
Money inPt VIII
$277K
Ln 12
Gifts and grantsLn 1h$243K
Other incomeLn 4–11$34K
Investment incomeLn 3$12
Money outPt IX
$266K
Ln 25
Programscol B$218K
Managementcol C$48K
Owns and owesPt X
$433K
net assets · Ln 32
Cash and savingsLn 1–2$530K
Total assetsLn 16$535K
LiabilitiesLn 26$103K
PeoplePt VI, VII
26
listed · VII A
PaidVII A0
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$243K
Investment incomeLn 3$12
Other incomeLn 4–11$34K
Total revenueLn 12$277K
Assets in detailPt X, end of year
CashLn 1$530K
Cash and savings togetherLn 1–2$530K
Land, buildings, equipmentLn 10c$2K
Total assetsLn 16$535K
LiabilitiesLn 26$103K
Net assetsLn 32$433K
OperationsPt I, VI
EmployeesI 51
VolunteersI 622
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$510K$530K
Land, buildings, equipmentLn 10c$3K$2K
Total assetsLn 16$516K$535K
LiabilitiesLn 26$94K$103K
Net assetsLn 32$422K$433K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$8K$8K
Other fees for servicesLn 11g$219K$194K$25K
Office expensesLn 13$1K$58$1K
TravelLn 17$2K$2K$73
Conferences, conventions and meetingsLn 19$2K$447$2K
Depreciation, depletion and amortizationLn 22$649$649
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$24K$19K$5K
All other expensesLn 24e$7K$2K$4K
Total functional expensesLn 25$266K$218K$48K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $1.2M$1.1M$84K$800K 990 PDF
FY2023 $763K$480K$283K$716K 990 PDF
FY2022 Viewing $277K$266K$11K$433K 990 PDF
FY2021 $225K$249K−$23K$422K 990 PDF
FY2020 $429K$254K$175K$445K 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2022 990 (6 parts)
Part I · Summary $277,214 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $225,239$243,198
I-9 Program service revenue$0
I-10 Investment incomePrior year $18$12
I-11 Other revenue$34,004
I-12 Total revenuePrior year $225,257$277,214
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $248,518$266,292
I-18 Total expensesPrior year $248,518$266,292
I-19 Revenue less expensesPrior year −$23,261$10,922
Part VI · Governance 24 of 24 board members independent, 1 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $277,214 across 6 lines filed
VIII-1a Federated campaigns$65,364
VIII-1f All other contributions, gifts and grants$177,834
VIII-1h Total contributions, gifts and grants$243,198
VIII-3 Investment incomeRelated to mission $12$12
VIII-8 Net income from fundraising eventsExcluded from tax $34,004$34,004
VIII-12 Total revenueRelated to mission $12 · Excluded from tax $34,004$277,214
Part IX · Statement of functional expenses $266,292 across 9 lines filed
IX-11c Accounting feesManagement $8,100$8,100
IX-11g Other fees for servicesPrograms $194,299 · Management $24,584$218,883
IX-13 Office expensesPrograms $58 · Management $1,095$1,153
IX-17 TravelPrograms $2,127 · Management $73$2,200
IX-19 Conferences, conventions and meetingsPrograms $447 · Management $1,947$2,394
IX-22 Depreciation, depletion and amortizationManagement $649$649
IX-23 InsuranceManagement $2,192$2,192
IX-24 Other expenses (24a–d)Programs $18,739 · Management $5,361$24,100
IX-24e All other expensesPrograms $2,348 · Management $4,273$6,621
IX-25 Total functional expensesPrograms $218,018 · Management $48,274 · Fundraising $0$266,292
Part X · Balance sheet $535,443 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $509,988$530,227
X-9 Prepaid expenses and deferred chargesStart of year $2,925$3,269
X-10c Land, buildings and equipment, netStart of year $2,596$1,947
X-16 Total assetsStart of year $515,509$535,443
X-17 Accounts payable and accrued expensesStart of year $56,381$52,070
X-19 Deferred revenueStart of year $37,159$48,982
X-25 Other liabilities$1,500
X-26 Total liabilitiesStart of year $93,540$102,552
X-27 Net assets without donor restrictionsStart of year $196,573$204,141
X-28 Net assets with donor restrictionsStart of year $225,396$228,750
X-32 Total net assets or fund balancesStart of year $421,969$432,891
X-33 Total liabilities and net assetsStart of year $515,509$535,443
Part XI · Reconciliation of net assets $432,891 net assets at year end
XI-1 Total revenue$277,214
XI-2 Total expenses$266,292
XI-3 Revenue less expenses$10,922
XI-4 Net assets at start of year$421,969
XI-10 Net assets at end of year$432,891

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.