Skip to main content

Nonprofit · EIN 93-4263574

COVINGTON LIFE SCIENCES PARTNERS INC

Tax-exempt · COVINGTON, KY 41011

Financials

$1.1M$197K2024
Revenue Expenses · by fiscal year end
Financials of COVINGTON LIFE SCIENCES PARTNERS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,107,434$196,931$910,503$15,069,505$41,370$15,028,135
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,107,434
of which government grants
$882,434
Program service revenue
$0
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$98,885
Professional fundraising fees
$0
Legal fees
$2,980
Accounting fees
$15,000
Program services (functional)
$177,157
Management and general (functional)
$5,227
Fundraising (functional)
$14,547

Balance sheet and other

Total assets, start of year
$14,117,632
Total assets, end of year
$15,069,505
Total liabilities, end of year
$41,370
Net assets, end of year
$15,028,135
Net assets without donor restrictions
$15,028,135
Gross receipts
$1,107,434
Employees
1
Volunteers
0
Year formed
2024
State of legal domicile
KY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
CHUCK SCHEPERBOARD MEMBER
Trustee or director
1$0
GARREN COLVINBOARD MEMBER
Trustee or director
1$0
SAVANNAH DOLIBOABOARD MEMBER
Trustee or director
1$0
TIM SCHROEDERBOARD MEMBER
Trustee or director
1$0
TONY REMINGTONBOARD MEMBER
Trustee or director
1$0
VALERIE HARDCASTLEBOARD MEMBER
Trustee or director
1$0
LEE CRUMEBOARD MEMBER
Trustee or director
1$0
DUANE CLARKBOARD MEMBER
Trustee or director
1$0
PATRICK HUGHESBOARD MEMBER
Trustee or director
1$0

Address and contacts

Address (IRS master file)
109 E 4TH ST, COVINGTON, KY 41011-1613
In care of
% PATRICK HUGHES
Principal officer (990 for 2024)
CHRISTIN GODALE, 109 E 4TH ST, COVINGTON, KY 41011
Signed the 990
CHRISTIN GODALE, EXECUTIVE DIRECTOR
Phone
(859) 341-1881
Return prepared by
MUNNINGHOFF LANGE AND CO

Mission

COVINGTON LIFE SCIENCES PARTNERS, INC. ("CLSP") IS AN INDEPENDENT NONPROFIT LAB INCUBATOR BASED IN COVINGTON, KENTUCKY, DEDICATED TO EMPOWERING ENTREPRENEURS AND SCIENTISTS TO BRING LIFESAVING INNOVATIONS TO MARKET WHILE DRIVING ECONOMIC GROWTH AND JOB CREATION.

990 for the year ended December 31, 2024

Program accomplishments

  • LOW-COST WET LAB FACILITIES:CLSP WILL OFFER AFFORDABLE LABORATORY FACILITIES EQUIPPED WITH STATE-OF-THE-ART EQUIPMENT TO MEET INDUSTRY STANDARDS. THE LAB SPACES ARE DESIGNED TO SUPPORT A WIDE RANGE OF EXPERIMENTAL NEEDS, FEATURING LAB BENCHES, PRIVATE LAB SUITES, FUME HOODS, LIQUID NITROGEN FREEZERS, -20C AND -80C FREEZERS, REFRIGERATORS, AN AUTOCLAVE, AND BIOSAFETY CABINETS. CLSP ALSO PROVIDES ESSENTIAL SUPPORT SERVICES, INCLUDING WASTE REMOVAL, EQUIPMENT MAINTENANCE, TECHNICAL ASSISTANCE, AND SAFETY AND COMPLIANCE PROGRAMS.
    Expenses $177,157
  • EDUCATION AND DEVELOPMENT PROGRAMS: CLSP'S EDUCATION AND DEVELOPMENT INITIATIVES ARE CRAFTED TO SUPPORT AND INSPIRE A DIVERSE RANGE OF PARTICIPANTS, FROM HIGH SCHOOL STUDENTS TO EARLY-STAGE SCIENTISTS, FOSTERING GROWTH AND INNOVATION IN THE LIFE SCIENCES FIELD ACROSS THE COMMONWEALTH OF KENTUCKY. BY COMBINING HANDS-ON TRAINING WITH TARGETED OUTREACH, CLSP AIMS TO NURTURE FUTURE SCIENTISTS AND ADVANCE THE LIFE SCIENCES SECTOR THROUGH COMPREHENSIVE, PRACTICAL EDUCATION AND COLLABORATIVE OPPORTUNITIES.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
93-4263574
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2025
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$15,069,505
Income (IRS master file)
$1,107,434

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about COVINGTON LIFE SCIENCES PARTNERS INC

What is the EIN of COVINGTON LIFE SCIENCES PARTNERS INC?
The employer identification number (EIN) of COVINGTON LIFE SCIENCES PARTNERS INC is 93-4263574.
Is COVINGTON LIFE SCIENCES PARTNERS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2025.
Are donations to COVINGTON LIFE SCIENCES PARTNERS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does COVINGTON LIFE SCIENCES PARTNERS INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of COVINGTON LIFE SCIENCES PARTNERS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did COVINGTON LIFE SCIENCES PARTNERS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of COVINGTON LIFE SCIENCES PARTNERS INC?
The 990 for the year ended December 31, 2024 names CHRISTIN GODALE.
Who are the officers and directors of COVINGTON LIFE SCIENCES PARTNERS INC?
The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
How much revenue does COVINGTON LIFE SCIENCES PARTNERS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,107,434, expenses of $196,931 and total assets of $15,069,505 at year end.

Other nonprofits in COVINGTON

All nonprofits in COVINGTON · Kentucky · Science and technology