Form 990 for tax year 2023

Totals

Total revenue

$40,639,577

Total expenses

$39,480,793

Contributions and grants received

$0

Grants paid

$0

Program service revenue

$39,959,949

Investment income

$679,628

Other revenue

$0

Total assets, end of year

$103,622,765

Total liabilities, end of year

$63,452,962

Net assets or fund balances, end of year

$40,169,803

Program services expenses (Part IX)

$36,587,131

Management and general expenses

$2,893,662

Fundraising expenses

$0

Program service expenses (Part III)

$36,587,131

Program services were 92.7% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Mission and programs · 2023

• PRODUCTION AND DISTRIBUTION OF ELECTRICITY, STEAM, HOT WATER, CHILLED WATER, COMPRESSED AIR AND VACUUM FOR LIGHTING, HEAT, POWER, COOLING, AND OTHER PURPOSES TO VARIOUS NOT-FOR-PROFIT ORGANIZATIONS.MCCO IS A 100% NATURAL GAS-FIRE FACILITY WITH A COMMITMENT TO REDUCING EMISSIONS AND PROMOTING CLEAN ENERGY. MCCO UTILIZES ENERGY EFFICIENCY OPTIMIZATION PROCESSES AND CONTINUES TO PURSUE ADDITIONAL RENEWABLE, SUSTAINABLE, AND RESILIENT ALTERNATIVES INCLUDING SOLAR ENERGY.

  Expenses $36,587,131 · Revenue $39,959,949

As filed on the 2023 return.

Listed in Part VII

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

• CASE WESTERN RESERVE UNIVERSITY

  501(C)(3) · HIGHER EDUCATION · OH

• UNIVERSITY HOSPITALS CLEVELAND MEDICAL

  501(C)(3) · HOSPITAL · OH

• THE MUSICAL ARTS ASSOCIATION

  501(C)(3) · MUSIC · OH

• THE CLEVELAND MUSEUM OF ART

  501(C)(3) · MUSEUM · OH

• THE CHURCH OF THE COVENANT

  501(C)(3) · CHURCH · OH

• CLEVELAND MEDICAL LIBRARY ASSOCIATION

  501(C)(3) · LIBRARY · OH

• CLEVELAND HEARING & SPEECH CENTER

  501(C)(3) · ASSISTANCE · OH

• THE CLEVELAND INSTITUE OF ART

  501(C)(3) · HIGHER EDUCATION · OH

• CLEVELAND BOTANICAL GARDEN

  501(C)(3) · PLANT EDUCATION · OH

Provenance

Return type

form_990

Tax year

2023

Filed

7 November 2024

IRS schema version

2023v5.1

Source object

202443169349303944

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