Totals
- Total revenue
- $2,912,962
- Total expenses
- $3,877,223
- Contributions and grants received
- $2,256,711
- Grants paid
- $0
- Program service revenue
- $640,651
- Investment income
- $15,600
- Other revenue
- $0
- Total assets, end of year
- $13,654,480
- Total liabilities, end of year
- $1,967,162
- Net assets or fund balances, end of year
- $11,687,318
- Program services expenses (Part IX)
- $3,756,728
- Management and general expenses
- $120,495
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,756,728
Program services were 96.9% 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.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$553,474
-
1f · All other contributions, gifts and grants
$1,703,237
-
2a · Program service revenue: Intercompany
total $502,520 · related or exempt $502,520
-
2b · Program service revenue: Registration Revenue
total $138,131 · related or exempt $138,131
-
3 · Investment income
total $15,600 · excluded $15,600
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $261,720 · program services $241,122 · management and general $20,598
-
7 · Other salaries and wages
total $1,017,718 · program services $950,737 · management and general $66,981
-
8 · Pension plan contributions
total $32,624 · program services $29,271 · management and general $3,353
-
9 · Other employee benefits
total $101,099 · program services $90,201 · management and general $10,898
-
10 · Payroll taxes
total $88,737 · program services $83,443 · management and general $5,294
-
11b · Fees: legal
total $356 · management and general $356
-
11c · Fees: accounting
total $4,261 · program services $3,475 · management and general $786
-
11g · Fees: other
total $1,786,776 · program services $1,786,776
-
12 · Advertising and promotion
total $4,336 · program services $4,336
-
13 · Office expenses
total $26,893 · program services $25,504 · management and general $1,389
-
14 · Information technology
total $13,592 · program services $12,871 · management and general $721
-
16 · Occupancy
total $72,425 · program services $66,821 · management and general $5,604
-
17 · Travel
total $42,179 · program services $42,179
-
19 · Conferences, conventions and meetings
total $36,164 · program services $36,023 · management and general $141
-
22 · Depreciation, depletion and amortization
total $11,476 · program services $10,686 · management and general $790
-
23 · Insurance
total $6,741 · program services $6,319 · management and general $422
-
24a · Other expenses: Sponsorships
total $312,704 · program services $312,704
-
24b · Other expenses: Memberships
total $723 · program services $723
-
24e · All other expenses
total $56,699 · program services $53,537 · management and general $3,162
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $978,783 · end of year $1,382,926
-
2 · Savings and temporary cash investments
beginning of year $1,000,000 · end of year $1,000,000
-
3 · Pledges and grants receivable
beginning of year $516,622 · end of year $553,799
-
4 · Accounts receivable
beginning of year $51,074 · end of year $44,960
-
7 · Other notes and loans receivable
beginning of year $50,000 · end of year $50,000
-
9 · Prepaid expenses and deferred charges
beginning of year $7,150 · end of year $37,919
-
10a · Land, buildings and equipment: cost or other basis
$15,500
-
10b · Land, buildings and equipment: accumulated depreciation
$431
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $15,069
-
13 · Investments: program-related
beginning of year $10,633,719 · end of year $10,518,172
-
15 · Other assets
beginning of year $51,635 · end of year $51,635
-
17 · Accounts payable and accrued expenses
beginning of year $29,164 · end of year $74,601
-
19 · Deferred revenue
beginning of year $30,000 · end of year $0
-
21 · Escrow or custodial account liability
beginning of year $146,363 · end of year $330,936
-
25 · Other liabilities
beginning of year $316,330 · end of year $1,561,625
-
27 · Net assets without donor restrictions
beginning of year $10,679,360 · end of year $10,480,920
-
28 · Net assets with donor restrictions
beginning of year $2,087,766 · end of year $1,206,398
Mission and programs · 2022
Mission
To promote and advance the civic, economic, and cultural growth of Greater Cleveland as a place to live, work, and conduct business.
Activities or mission (Part I)
To promote and advance the civic, economic, and cultural growth of Greater Cleveland.
-
Inclusive Opportunity:Abundant talent requires inclusive opportunity. The Equity & Inclusion Team has been working since 2001 to close the racial disparities in jobs, income, and wealth, by growing businesses owned by people of color and increasing workforce diversity, equity and inclusion. Our focus is diversity at all levels of enterprises, from team members to the executive suite and ownership. We work with partners to grow minority business enterprises by providing access to customer opportunities and targeted advisory services. We expand diversity in medium and high-wage positions by reducing barriers, sharing best practices on welcoming environments, and developing mentorship networks. Lastly, we ensure digital equity through device donations, affordable broadband access, and digital literacy support for all residents. The below further highlights our priorities and accomplishments.Growing Minority Business Enterprises: We are focused on increasing the number, scope, and scale of minority-owned businesses. Through the Ohio MBDA Business Center and Emerging Developers Initiatives, businesses can access targeted growth resources and advisors. Our advisors serve over 200 minority business enterprises (MBEs) and have prepared them to win contracts and other large-scale federal investments that were deployed at the state and local levels. In 2022, secured contracts for MBEs totaled nearly $132 million, and 140 jobs were created and retained for MBEs.Additionally, with supplemental coronavirus relief funding, staff researched and identified 153 funding sources, including 95 grant opportunities, 47 loan programs, 8 Tax Credit Programs, and 3 bonding programs for more than 350 MBEs. The team worked with these MBEs ensuring they were prepared to take full advantage of the opportunities available to them. Our signature events represent how our thought leadership has supported the region, including our Construction Summit that led to working session with the local government to create a community benefits agreement.Increasing Workforce Diversity: We serve as a convener and resource for employers on diversity, equity, and inclusion. Our workshops and conferences include a CEO Forum and the annual Equity & Inclusion Conference, engaging leaders to commit to action. We also provide an E&I assessment tool to help companies identify their strengths and opportunities for improvement. EGF hosted its 14th annual Equity & Inclusion Conference teaching Greater Cleveland and surrounding area employers how to effectively capitalize on diversity, equity and inclusion in the workplace.Promoting Digital Equity: We are a partner in the Greater Cleveland Digital Equity Coalition, a collective initiative of Cleveland's corporate, philanthropic, governmental, K-12, higher education, health care, workforce, and community-based organizations. The coalition secures device donations, advocates for affordable broadband, and promotes digital navigators. It also fosters public-private partnerships towards the goal of 100 percent of residents being connected. The 2022 Census estimates 91 percent of households in our region have internet, which is an increase of 10 percent prepandemic (equals 50,000 households).
Expenses $1,886,643 · Revenue $640,651
-
Talent:Dynamic businesses need abundant talent to grow. Our focus is work-based learning for in-demand jobs, both for today and into the future. We work with partners not only to increase degree and certificate program enrollments and completions in growth sectors, but also to expand internships, apprenticeships, and co-ops and support for participants, through industry-led partnerships with educational institutions and training providers. We also focus on broadening career awareness among high school students through exposure and placement programs that build pathways to employment. Our areas of focus include:Industry Led Partnerships: Sector partnerships are dynamic collaborations of employers, universities, and workforce providers in which employer-led strategies develop and connect talent to jobs and career pathways. Through these efforts, we are working to meet in-demand industry needs and supporting inclusive talent development and advancement for sustainable career paths. Partnerships have been launched in the Manufacturing, Information Technology, Healthcare, and Construction sectors.Work Based Learning: Internships, apprenticeships, and other experiential learning opportunities benefit both students and employers and help the region develop and retain talent from colleges and universities. Internships and Co-ops augment classroom learning with experience in a professional setting. Apprenticeships are skills-based training programs that create diverse talent pipelines for employers while providing opportunities for individuals to attain a post-secondary credential with a career track. During 2022, EGF was awarded an US Department of Labor grant; Apprenticeship Building America totaling $5.8M that it will use to launch a Registered Apprenticeship Hub and advance the Equity in Registered Apprenticeship Programs Hub (E-RAP), which prepares employers and employer intermediaries to adopt equitable RAP and pre-apprenticeship practices.The organization was also awarded $1M from a local foundation to support a Higher Education STEM internship program and to create internships at Cuyahoga County businesses in the STEM and manufacturing fields, available to students at local Universities and other higher education institutions.
Expenses $758,275
-
Innovation:A thriving region is built on dynamic businesses. We promote growth and innovation for businesses of all sizes. We work with partners to promote expansions by connecting companies to growth incentives, real estate options, and talent solutions. We serve small and middle-market businesses by sharing funding opportunities, offering cost-saving benefits, and hosting forums for exchanging ideas and creating connections. Lastly, we expand innovation activity for start-ups, corporates, and research institutions (including federal facilities) through sector strategies, industry-institution partnerships, and increased funding.Innovation Initiatives: Through the Cleveland Innovation Project, the region has enhanced sector initiatives in smart and sustainable manufacturing, life sciences, and water tech and enabling initiatives to grow venture capital and innovation corridors.
Expenses $806,272
-
Appealing communities play a crucial role in attracting and retaining dynamic businesses and talent. Our focus is next-generation allure for working, living, and playing in Greater Cleveland. We work with partners to enhance our downtown and waterfronts through inter-connected and inclusive residential, commercial, and public space developments. We invest in neighborhoods for both residential and commercial corridor development aligned with accessible and efficient transit. We encourage resources for expanding amenities including parks, arts and culture, sports, and other recreational offerings. Also, since we understand the economic and social benefits of air services, we work closely with the city of Cleveland and other organizations to improve the air services for both business and leisure travel.Enhancing our downtown: Beginning in 2021 and throughout 2022, EGF, through its parent Organization GCP, partnered with the Mayor of the City of Cleveland and his administration to lead a planning process to redevelop the Downtown Cleveland Lakefront. GCP formed a task force of five working groups and more than 150 participants to advance the initiative.Advocating for Amenities: We are a catalyst and advocate for ensuring that the region has and maintains a vibrant range of offerings in arts and culture, parks and trails, sports and entertainment and air services. These provide a high quality of life and attract companies and talent to the region. Our Air Service taskforce worked with other partners and community leaders to secure non-stop flights between Cleveland and Seattle along with international service from Cleveland to Dublin, with connections to Europe and Middle East.
Expenses $203,478
-
The Great Lakes Metro Chamber Coalition is a collective of chambers of commerce across the Great Lakes region that jointly advocate on core policy issues, including water quality, immigration reform, trade, and transportation and infrastructure. EGF is a founding member of this coalition. The organization continues to staff and lead the coalition's work.
Expenses $102,060
As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Stanek Michael
Chair
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
DiRocco Joe
Treasurer until 9/22
- Total calculated
- $0
- Hours/week
- 2 + 4 related
-
Arnold Craig
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Cavoli James
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Chaikin Scott
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Cosgrove Bill
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
DeWagheneire Severine
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Dolan Paul
Director
- Total calculated
- $0
- Hours/week
- 1 + 3 related
-
Gorman Christopher
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Harmon Brad
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Haslam Dee
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Johnson Kevin
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Kaler Eric
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Komoroski Len
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Lopez Joe
Director until 12/22
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Morikis John
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Opsitnick Timothy
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Pastore Patrick
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Perez Cheryl
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Read Deborah
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Richardson Sean
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Schnur Eric
Director until 1/22
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Sundaram Nagarajan
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Taylor Jr Eddie
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Whiting Vanessa
Director
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Williams Thomas
Director until 6/22
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Young John
Director until 1/22
- Total calculated
- $0
- Hours/week
- 1 + 2 related
-
Shah Baiju
President & CEO
- Total calculated
- $685,454
- From this org
- $57,553
- From related orgs
- $581,921
- Other
- $45,980
- Hours/week
- 4 + 36 related
Schedule J breakdown matched by us
- Base
- $47,000 + $475,220 related
- Bonus
- $10,125 + $102,375 related
- Other
- $428 + $4,326 related
- Deferred
- $1,073 + $10,854 related
- Nontaxable benefits
- $3,065 + $30,988 related
- Filer's total
- $61,691 + $623,763 related
-
Ittu Yvette
EVP Finance & Operations
- Total calculated
- $460,428
- From this org
- $7,151
- From related orgs
- $428,899
- Other
- $24,378
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $5,055 + $303,161 related
- Bonus
- $1,476 + $88,524 related
- Other
- $620 + $37,214 related
- Deferred
- -$31 + -$1,867 related
- Nontaxable benefits
- $431 + $25,845 related
- Filer's total
- $7,551 + $452,877 related
-
Luteran John
MVP, Fin, Operations & Air Service
- Total calculated
- $313,616
- From this org
- $7,853
- From related orgs
- $268,648
- Other
- $37,115
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $7,181 + $245,670 related
- Bonus
- $540 + $18,460 related
- Other
- $132 + $4,518 related
- Deferred
- $327 + $11,175 related
- Nontaxable benefits
- $727 + $24,886 related
- Filer's total
- $8,907 + $304,709 related
-
Marbury Shana
General Counsel & SVP, Talent
- Total calculated
- $296,215
- From this org
- $5,076
- From related orgs
- $269,309
- Other
- $21,830
- Hours/week
- 1 + 39 related
Schedule J breakdown matched by us
- Base
- $3,813 + $202,318 related
- Bonus
- $1,110 + $58,890 related
- Other
- $153 + $8,101 related
- Deferred
- $209 + $11,097 related
- Nontaxable benefits
- $195 + $10,329 related
- Filer's total
- $5,480 + $290,735 related
-
Hall Brian
SVP, Equity & Inclusion
- Total calculated
- $281,086
- From this org
- $270,241
- From related orgs
- $0
- Other
- $10,845
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $84,009
- Bonus
- $60,000
- Other
- $126,232
- Deferred
- $6,203
- Nontaxable benefits
- $4,642
- Filer's total
- $281,086
-
Coates Steven
Controller Finance & Operations
- Total calculated
- $203,921
- From this org
- $8,431
- From related orgs
- $170,936
- Other
- $24,554
- Hours/week
- 2 + 38 related
Schedule J breakdown matched by us
- Base
- $7,641 + $154,926 related
- Bonus
- $705 + $14,295 related
- Other
- $85 + $1,715 related
- Deferred
- $402 + $8,156 related
- Nontaxable benefits
- $752 + $15,244 related
- Filer's total
- $9,585 + $194,336 related
-
Platt Craig
Managing Director, IT Sector PT
- Total calculated
- $149,307
- From this org
- $145,001
- From related orgs
- $0
- Other
- $4,306
- Hours/week
- 40
-
Nance Christopher
VP, Construction/Inclusive
- Total calculated
- $147,091
- From this org
- $115,649
- From related orgs
- $0
- Other
- $31,442
- Hours/week
- 40
-
Collier Freddy
SVP, Strategy & New Initiatives
- Total calculated
- $144,745
- From this org
- $28,325
- From related orgs
- $113,299
- Other
- $3,121
- Hours/week
- 8 + 32 related
-
Grgurevic Marco
VP, Minority Business Growth, Equity, and Inclusio
- Total calculated
- $129,548
- From this org
- $115,417
- From related orgs
- $0
- Other
- $14,131
- Hours/week
- 40
-
Roman Joseph
Former President
- Total calculated
- $291,551
- From this org
- $0
- From related orgs
- $291,551
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0 + $291,551 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $291,551 related
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
Answered yes
- 3 · Compensation committee
- 3 · Independent compensation consultant
- 3 · Form 990 of other organizations
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
- 4b · Supplemental nonqualified retirement plan
- 7 · Other non-fixed payments
Answered no
- 4a · Severance or change-of-control payment
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- Part I, Line 4b
- The Executive Vice President of Finance and Operations, Yvette Ittu, participates in a supplemental non-qualified 457(f) plan. In 2022, the organization contributed $25,435.50 to her 457(f) plan.
- Part I, Line 7
- Incentive compensation of EGF's officers, key employees, and highest compensated employees is discretionary and has been subjected to review by a compensation committee created by its parent, the Greater Cleveland Partnership.
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.
-
501(c)(6) · Mobilizes Private Sector leadership, expertise, and resources to create jobs · OH
-
Cleveland Development Foundation
501(C)(3) · Developing and improving Cleveland's Civic Visions. · OH · controlled entity
Directly controlled by Greater Cleveland Partnership
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
Investments · OH
-
Advance Cleveland Development Fund
Private sector financing for real estate projects · OH
-
Investments in entry stage businesses · OH
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
C · Small business access to affordable/quality group insurance · OH · controlled entity
-
C · Lease Management · OH · controlled entity
Provenance
- Return type
- form_990
- Tax year
- 2022
- Filed
- 14 November 2023
- IRS schema version
- 2022v5.0
- Source object
- 202343189349314669
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.