COVINGTON PARTNERS INC

EIN: 201515753 501(c)(3) Education

Covington, KY

Total Revenue
$2,224,804
Total Expenses
$1,565,052
Total Assets
$1,887,985
Net Assets
$1,459,824
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Financial Trends

Organization Details

Formation Year
1999
Legal Domicile
KY
Phone
5133739035
Tax Period
2024-07-01 to 2025-06-30

COVINGTON PARTNERS INC, founded in 1999, is a community nonprofit in the Education sector that reported $2.2M in total revenue in fiscal year 2024. Revenue surged 91% from the prior year, signaling strong growth momentum. The organization ran a surplus of $660K, a strong 30% operating margin.

Mission

TO REDUCE BARRIERS TO STUDENT LEARNING IN ORDER TO ADVANCE EDUCATION AMONG STUDENTS

Program Service Accomplishments

Program 1
Expenses: $103,664 Revenue: $0

Family Strengthening The family engagement initiatives goal is to provide opportunities for families to become partners in their childs education through six program domains: informative...

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Family Strengthening The family engagement initiatives goal is to provide opportunities for families to become partners in their childs education through six program domains: informative, collaborative, instructive, interactive, observation, and empowerment. An emphasis on communicating each students academic data in an easily understandable manner will be embedded in each family engagement offering, helping families to advocate for the appropriate support for their child.

Program 2
Expenses: $1,145,206 Revenue: $0

Mentoring and Out of School Time In partnership with the local school districts, community members engage as a positive adult role model to Covington youth through the Organizations Mentoring...

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Mentoring and Out of School Time In partnership with the local school districts, community members engage as a positive adult role model to Covington youth through the Organizations Mentoring Program. Mentors can choose to work with students of all ages in a program that meets their interests. Out of School Time programs (after school, morning and summer) provide academic enrichment and skill development opportunities during non-school hours for students, families and neighbors. This program helps students meet state and local academic standards in core academic subjects, such as reading and math; offer students a broad array of enrichment activities that can complement their regular academic programs; and offer literacy and other educational services to families and neighbors. Each school in the Covington Independent School District provides an Out of School Time program, managed by the sites Community Learning Center (CLC) coordinator. During the year, this program was expanded to include more local school districts.

Program 3
Expenses: $42,210 Revenue: $0

Mental and physical health The Organization is committed to working with local schools to provide a health and wellness initiative that includes mental and physical health and social and emotional...

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Mental and physical health The Organization is committed to working with local schools to provide a health and wellness initiative that includes mental and physical health and social and emotional wellbeing. Health and wellness are embedded into all programming areas of the Organization. As part of the health and wellness initiative, Pink Link was created to reduce a barrier that some students face every month during their menstrual cycles. This project provides period products for students who cannot afford or do not have access to purchase what they need. Without this support, some students are absent from school each month for several days.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $2,212,732
Program Service Revenue $0
Investment Income $28,409
Other Revenue $-16,337
TOTAL REVENUE $2,224,804

Expense Breakdown

Grants Paid $0
Salaries & Benefits $226,254
Fundraising Expenses $51,033
Program Expenses $1,371,011
Other Expenses $1,338,798
TOTAL EXPENSES $1,565,052

Year-over-Year Comparison

2024 2023 Change
Revenue $2,224,804 $1,167,140 +0.9%
Expenses $1,565,052 $1,083,035 +0.4%
Net Income $659,752 $84,105 +6.8%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
22
Independent Members
22
Employees
1
Volunteers
22

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$14,746
Total Directors
22
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Neena Volk Chief Operating Officer 40.00
Officer
$14,746 $0 $14,746
Phyllis Yeager Chair 1.00
Officer Director
$0 $0 $0
Sonya Walton Director 1.00
Director
$0 $0 $0
Dr Angie Taylor Vice Chair 1.00
Officer Director
$0 $0 $0
Vicki Seligman Director 1.00
Director
$0 $0 $0
Lesley Holgate Director 1.00
Director
$0 $0 $0
Megan Jackson Director 1.00
Director
$0 $0 $0
Elle Houston Director 1.00
Director
$0 $0 $0
Lauren Huizenga Director 1.00
Director
$0 $0 $0
Trent Ledbetter Director 1.00
Director
$0 $0 $0
Niki Lunsford Director 1.00
Director
$0 $0 $0
Rosanne Nields Director 1.00
Director
$0 $0 $0
Sara Sgantas Director 1.00
Director
$0 $0 $0
Julie Giesen Scheper Director 1.00
Director
$0 $0 $0
Charlie Schicht Director 1.00
Director
$0 $0 $0
Charlie Schlimm Director 1.00
Director
$0 $0 $0
Dave Schroeder Director 1.00
Director
$0 $0 $0
Dr Carissa Schutzman Director 1.00
Director
$0 $0 $0
Kareem Simpson Director 1.00
Director
$0 $0 $0
Charlie Vance Director 1.00
Director
$0 $0 $0
Lisa Desmarais Director 1.00
Director
$0 $0 $0
Dr Janice Wilkerson Director 1.00
Director
$0 $0 $0
Rachel Cruse Director 1.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $2,224,804 $1,565,052 $1,887,985 $659,752
2024 $1,167,140 $1,083,035 $1,146,796 $84,105
2023 $763,301 $480,225 $900,693 $283,076
2022 $277,214 $266,292 $535,443 $10,922
2021 $225,257 $248,518 $515,509 $-23,261
2020 $429,489 $254,413 $484,667 $175,076
2019 $307,250 $264,558 $327,507 $42,692
2018 $331,371 $317,476 $329,464 $13,895
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