Covington Business Association: Nonprofit Profile, Financials & Form 990 (EIN 27-3203744)

Revenue by fiscal year
FY2020	$28K
FY2021	$151K
FY2022	$105K
FY2023	$100K
FY2024	$132K
FY2025	$122K

Expenses by fiscal year
FY2020	$46K
FY2021	$115K
FY2022	$119K
FY2023	$107K
FY2024	$115K
FY2025	$97K

Net assets by fiscal year
FY2020	$13K
FY2021	$49K
FY2022	$36K
FY2023	$28K
FY2024	$45K
FY2025	$59K

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Nov 2010.

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

Where the money goes

100 cents of each dollar spent went to programs.

100%

Program services 100% · $97K

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990.

Part VII, Section A · reportable compensation

Gina Rowbatham

Marketing

$0Pt VII · Sec A

Howard Harper

Vice President

$0Pt VII · Sec A

Nancy Ross

Treasurer

$0Pt VII · Sec A

Rosie Ledezma

Secretary

$0Pt VII · Sec A

Cliff Bergeron

Membership Director

$0Pt VII · Sec A

Orion Vantol

President

$0Pt VII · Sec A

Cindy Petry

Parliamentarian

$0Pt VII · Sec A

See Covington Business Association executive salaries →

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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

Shapes the business environment by attracting new businesses and fostering cooperation.

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Provided by the organization

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1 program · $97K · in their own filed words · FY2025

01

The exempt purpose is to promote the community and business of the covington area. This is accomplished by holding open meetings as a forum to discuss ways the group can improve the business community in general.

$97Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · this organization's grantmaking

Grants paid · 1 grant · $6K · 2021–2021

Individual RecipientFY2021$6,188

By the numbers

The FY2025 990, line by line.

Download 990

from philanthropy.org

1The main four

Money inPt VIII

$122K

Ln 12

Fees for servicesLn 2g$90K

Gifts and grantsLn 1h$31K

Investment incomeLn 3$116

Money outPt IX

$97K

Ln 25

Programscol B$97K

Owns and owesPt X

$59K

net assets · Ln 32

Cash and savingsLn 1–2$64K

Total assetsLn 16$65K

LiabilitiesLn 26$6K

PeoplePt VI, VII

7

listed · VII A

PaidVII A0

Voting boardVI 1a10

IndependentVI 1b10

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$31K

Fees for servicesLn 2g$90K

Investment incomeLn 3$116

Total revenueLn 12$122K

Assets in detailPt X, end of year

CashLn 1$64K

Cash and savings togetherLn 1–2$64K

Other assetsLn 15$999

Total assetsLn 16$65K

LiabilitiesLn 26$6K

Net assetsLn 32$59K

OperationsPt I, VI

EmployeesI 50

VolunteersI 67

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aNo

Whistleblower policyVI 13No

Records policyVI 14No

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY25	End FY25
Cash and savingsLn 1–2	$44K	$64K
Total assetsLn 16	$45K	$65K
LiabilitiesLn 26	$0	$6K
Net assetsLn 32	$45K	$59K

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Other fees for servicesLn 11g	$450	$450
Advertising and promotionLn 12	$14K	$14K
Office expensesLn 13	$3K	$3K
Information technologyLn 14	$2K	$2K
OccupancyLn 16	$2K	$2K
TravelLn 17	$5K	$5K
Conferences, conventions and meetingsLn 19	$3K	$3K
InsuranceLn 23	$2K	$2K
Other expenses (24a–d)Ln 24	$54K	$54K
All other expensesLn 24e	$9K	$9K
Total functional expensesLn 25	$97K	$97K	$0	$0

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2025 Latest Viewing	$122K	$97K	$25K	$59K	990 PDF
FY2024	$132K	$115K	$16K	$45K	990 PDF
FY2023	$100K	$107K	−$7K	$28K	990 PDF
FY2022	$105K	$119K	−$14K	$36K	990 PDF
FY2021	$151K	$115K	$36K	$49K	990 PDF
FY2020	$28K	$46K	−$18K	$13K	990 PDF

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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 FY2025 990 (6 parts)

Part I · Summary $121,610 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $39,120$31,300

I-9 Program service revenuePrior year $92,359$90,194

I-10 Investment incomePrior year $92$116

I-11 Other revenue$0

I-12 Total revenuePrior year $131,571$121,610

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 $115,100$96,878

I-18 Total expensesPrior year $115,100$96,878

I-19 Revenue less expensesPrior year $16,471$24,732

Part VI · Governance 10 of 10 board members independent, 4 to look at

VI-1a Voting members of the governing body10

VI-1b Independent voting members10

VI-12a Written conflict of interest policyNo

VI-13 Written whistleblower policyNo

VI-14 Document retention and destruction policyNo

VI-15a Process for setting top official's payNo

VI-2 Family or business relationship among officers or directorsNo

Part VIII · Statement of revenue $121,610 across 7 lines filed

Lines not itemized here account for $2,152 of total revenue; see the IRS return.

VIII-1b Membership dues$29,335

VIII-1f All other contributions, gifts and grants$1,965

VIII-1h Total contributions, gifts and grants$31,300

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $88,042$88,042

VIII-3 Investment incomeRelated to mission $116$116

VIII-8 Net income from fundraising events$0

VIII-12 Total revenueRelated to mission $90,310 · Unrelated business $0 · Excluded from tax $0$121,610

Part IX · Statement of functional expenses $96,878 across 10 lines filed

IX-11g Other fees for servicesPrograms $450$450

IX-12 Advertising and promotionPrograms $14,036$14,036

IX-13 Office expensesPrograms $3,474$3,474

IX-14 Information technologyPrograms $2,243$2,243

IX-16 OccupancyPrograms $1,987$1,987

IX-17 TravelPrograms $5,357$5,357

IX-19 Conferences, conventions and meetingsPrograms $3,300$3,300

IX-23 InsurancePrograms $2,256$2,256

IX-24 Other expenses (24a–d)Programs $54,441$54,441

IX-24e All other expensesPrograms $9,334$9,334

IX-25 Total functional expensesPrograms $96,878 · Management $0 · Fundraising $0$96,878

Part X · Balance sheet $65,162 assets, 8 lines filed

X-1 Cash, non-interest-bearingStart of year $43,728$64,163

X-15 Other assetsStart of year $999$999

X-16 Total assetsStart of year $44,727$65,162

X-25 Other liabilities$5,930

X-26 Total liabilitiesStart of year $0$5,930

X-27 Net assets without donor restrictionsStart of year $44,727$59,232

X-32 Total net assets or fund balancesStart of year $44,727$59,232

X-33 Total liabilities and net assetsStart of year $44,727$65,162

Part XI · Reconciliation of net assets $59,232 net assets at year end

XI-1 Total revenue$121,610

XI-2 Total expenses$96,878

XI-3 Revenue less expenses$24,732

XI-4 Net assets at start of year$44,727

XI-8 Prior period adjustments−$10,227

XI-9 Other changes in net assets$0

XI-10 Net assets at end of year$59,232

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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Covington Business Association

Before you give

Is it real?

Where the money goes

Who runs it and what they're paid

Questions the 990 asks

Programs and updates

Questions for Covington Business Association

Funders

Grants

By the numbers

Filing history

Schedules filed Part IV