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Nonprofiteer
← CAPITOL SOUTH COMMUNITY URBAN REDEVELOPMENT CORPORATION

Form 990 for tax year 2024

Filed by CAPITOL SOUTH COMMUNITY URBAN REDEVELOPMENT CORPORATION.

Totals

Total revenue
$9,320,217
Total expenses
$11,749,428
Contributions and grants received
$152,000
Grants paid
$0
Program service revenue
$8,777,732
Investment income
$373,730
Other revenue
$16,755
Total assets, end of year
$28,304,463
Total liabilities, end of year
$1,922,237
Net assets or fund balances, end of year
$26,382,226
Program services expenses (Part IX)
$10,588,378
Management and general expenses
$1,161,050
Fundraising expenses
$0
Program service expenses (Part III)
$10,588,378

Program services were 90.1% 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.

  • 1b · Membership dues

    $112,000

  • 1e · Government grants (contributions)

    $40,000

  • 2a · Program service revenue: 3RD STREET RETAIL & GA

    total $8,429,419 · related or exempt $8,429,419

  • 2b · Program service revenue: PROGRAM FEES/COLUMBUS

    total $199,107 · related or exempt $199,107

  • 2c · Program service revenue: CONTRACT REVENUE

    total $149,206 · related or exempt $149,206

  • 3 · Investment income

    total $373,730 · excluded $373,730

  • 11a · Other revenue: MISCELLANEOUS REVENUE

    total $16,755 · excluded $16,755

  • 11e · Other revenue, total

    $16,755

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,057,770 · program services $634,662 · management and general $423,108

  • 7 · Other salaries and wages

    total $899,981 · program services $755,441 · management and general $144,540

  • 8 · Pension plan contributions

    total $65,930 · program services $39,558 · management and general $26,372

  • 9 · Other employee benefits

    total $114,875 · program services $68,925 · management and general $45,950

  • 10 · Payroll taxes

    total $132,461 · program services $92,325 · management and general $40,136

  • 11b · Fees: legal

    total $31,907 · program services $296 · management and general $31,611

  • 11c · Fees: accounting

    total $38,488 · management and general $38,488

  • 11d · Fees: lobbying

    total $50,000 · management and general $50,000

  • 11g · Fees: other

    total $273,937 · program services $272,268 · management and general $1,669

  • 12 · Advertising and promotion

    total $219,595 · program services $226,733 · management and general -$7,138

  • 13 · Office expenses

    total $75,057 · program services $3,333 · management and general $71,724

  • 14 · Information technology

    total $70,602 · program services $1,761 · management and general $68,841

  • 16 · Occupancy

    total $69,354 · management and general $69,354

  • 17 · Travel

    total $12,113 · program services $95 · management and general $12,018

  • 22 · Depreciation, depletion and amortization

    total $2,847,231 · program services $2,805,276 · management and general $41,955

  • 23 · Insurance

    total $105,225 · program services $64,826 · management and general $40,399

  • 24a · Other expenses: PARKING GARAGE EXPENSES

    total $3,823,615 · program services $3,823,615

  • 24b · Other expenses: COLUMBUS COMMONS PROGRA

    total $1,628,239 · program services $1,628,239

  • 24c · Other expenses: REDEVELOPMENT

    total $109,290 · program services $109,290

  • 24d · Other expenses: OTHER EXPENSES

    total $91,932 · program services $61,735 · management and general $30,197

  • 24e · All other expenses

    total $31,826 · management and general $31,826

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $5,553,665 · end of year $4,867,938

  • 4 · Accounts receivable

    beginning of year $1,200,618 · end of year $136,764

  • 5 · Loans and receivables from officers and key people

    beginning of year $836,071 · end of year $1,345,409

  • 9 · Prepaid expenses and deferred charges

    beginning of year $213,714 · end of year $224,723

  • 10a · Land, buildings and equipment: cost or other basis

    $80,069,170

  • 10b · Land, buildings and equipment: accumulated depreciation

    $64,434,238

  • 10c · Land, buildings and equipment, net

    beginning of year $17,751,887 · end of year $15,634,932

  • 11 · Investments: publicly traded securities

    beginning of year $4,051,624 · end of year $4,413,474

  • 14 · Intangible assets

    beginning of year $1,350,000 · end of year $1,317,273

  • 15 · Other assets

    beginning of year $253,824 · end of year $363,950

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,366,801 · end of year $1,666,391

  • 19 · Deferred revenue

    beginning of year $22,256 · end of year $43,321

  • 25 · Other liabilities

    beginning of year $279,555 · end of year $212,525

  • 27 · Net assets without donor restrictions

    beginning of year $28,542,791 · end of year $26,382,226

Mission and programs · 2024

Mission

THE PURPOSES FOR WHICH THE CORPORATION IS FORMED ARE EXCLUSIVELY CHARITABLE AND EDUCATIONAL.

Activities or mission (Part I)

SEE SCHEDULE O

  • MANAGEMENT OF PUBLIC PARKING GARAGES AND AN ATTACHED RETAIL CENTER.

    Expenses $6,090,019 · Revenue $8,429,419

  • IN 2024, COLUMBUS COMMONS WELCOMED MORE THAN 215,000 VISITORS, AN INCREASE OF 12% FROM THE PREVIOUS YEAR. THE PARK HAS CONTINUED TO EXPERIENCE CONSISTENT GROWTH IN PATRON ENGAGEMENT EACH YEAR FOLLOWING THE 2020 COVID-19 PANDEMIC. THE PROGRAMMING OFFERED AT COLUMBUS COMMONS FOCUSES HEAVILY ON INTERNALLY PRODUCED EVENTS THAT ARE FREE FOR THE COMMUNITY TO ATTEND. THAT YEAR, COLUMBUS COMMONS HOSTED NEARLY 8,000 ATTENDEES BETWEEN TWO FREE CONCERTS FEATURING BELOVED 2000S MUSICAL ARTISTS COLBIE CAILLAT, GAVIN DEGRAW AND SUGAR RAY, AND OVER 18,000 ATTENDEES AT CHILD-FOCUSED PROGRAMMING INCLUDING LARGE-SCALE FAMILY FUN DAYS, WEEKLY EDUCATIONAL COMMONS FOR KIDS EVENTS AND MULTIPLE FREE ANIMATED MOVIE SCREENINGS - ALONG WITH OVER 10,000 SPINS ON THE FREE CAROUSEL.

    Expenses $489,752 · Revenue $199,107

  • IN 2020, CAPITOL SOUTH ENTERED INTO A CONTRACT WITH THE CITY OF COLUMBUS FOR THE DESIGN AND CONSTRUCTION OF TWO PARKING GARAGES TOTALING 1,400 SPACES TO SERVE THE SCIOTO PENINSULA DEVELOPMENT. CONSTRUCTION OF THE GARAGES CONTINUED THOUGH OUT 2021. THE GARAGES WERE SUBSTANTIALLY COMPLETED AND OPENED TO THE PUBLIC IN 2022. CLOSE OUT OF THE CONSTRUCTION PUNCH LIST WAS COMPLETED IN 2024.DURING 2021, CAPITOL SOUTH CONTRIBUTED $3,584,193 OF ITS DOWNTOWN HOUSING INCENTIVE FUND TO CDDC TO ASSIST WITH FUNDING OF THE TOPIARY PARK CROSSING PROJECT, A 98-UNIT AFFORDABLE HOUSING PROJECT BEING DEVELOPED IN DOWNTOWN COLUMBUS. CONSTRUCTION OF THE PROJECT COMMENCED IN 2022 AND OPENED IN THE FALL OF 2023. SEE SCHEDULE O.BEGINNING IN THE SUMMER OF 2021, CAPITOL SOUTH PROVIDED ADDITIONAL SECURITY AND PROGRAMMING TO THE COLUMBUS RIVERFRONT PARK AREA KNOWN AS THE SCIOTO MILE. THESE SERVICES WERE COORDINATED WITH THE CITY OF COLUMBUS DEPARTMENT OF RECREATION AND PARKS TO ACTIVATE THE AREA AFTER THE COVID PANDEMIC. THESE SERVICES CONTINUED IN 2024.

    Expenses $4,008,607 · Revenue $149,206

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alex Fischer

    BOARD MEMBER/CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Tim Robinson

    BOARD MEMBER/VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Sandy Doyle-Ahern

    BOARD MEMBER/SECRETARY

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Dr Stephen Markovich

    BOARD MEMBER/TREASURER

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Christie Angel

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Frederic Bertley

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Bruce A Soll

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Jeffrey Edwards

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Brian Ellis

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Julie Sloat

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Heather Brilliant

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Sue Zazon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Matt Scantland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Ted Carter

    BOARD MEMBER (BEGIN 2024)

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Traci Martinez

    BOARD MEMBER (BEGIN 2024)

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • Greg Davies

    CEO

    Total calculated
    $679,210
    From this org
    $315,322
    From related orgs
    $315,322
    Other
    $48,566
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $211,822 + $211,822 related
    Bonus
    $97,500 + $97,500 related
    Other
    $6,000 + $6,000 related
    Deferred
    $10,350 + $10,350 related
    Nontaxable benefits
    $13,933 + $13,933 related
    Filer's total
    $339,605 + $339,605 related

  • Matthew Lutz

    ASST SECRETARY/GENERAL COUNSEL

    Total calculated
    $360,962
    From this org
    $162,708
    From related orgs
    $162,708
    Other
    $35,546
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $151,160 + $151,160 related
    Bonus
    $11,548 + $11,548 related
    Other
    $0
    Deferred
    $8,122 + $8,122 related
    Nontaxable benefits
    $9,651 + $9,651 related
    Filer's total
    $180,481 + $180,481 related

  • Amy Taylor

    PRESIDENT

    Total calculated
    $696,730
    From this org
    $336,900
    From related orgs
    $336,900
    Other
    $22,930
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $233,681 + $233,681 related
    Bonus
    $97,500 + $97,500 related
    Other
    $5,719 + $5,719 related
    Deferred
    $9,850 + $9,850 related
    Nontaxable benefits
    $1,615 + $1,615 related
    Filer's total
    $348,365 + $348,365 related

  • Joseph Schueler

    CFO

    Total calculated
    $339,138
    From this org
    $147,214
    From related orgs
    $147,214
    Other
    $44,710
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $136,708 + $136,708 related
    Bonus
    $10,506 + $10,506 related
    Other
    $0
    Deferred
    $8,441 + $8,441 related
    Nontaxable benefits
    $13,914 + $13,914 related
    Filer's total
    $169,569 + $169,569 related

  • Ashley Myers

    DIRECTOR OF COLUMBUS COMMONS

    Total calculated
    $172,804
    From this org
    $81,671
    From related orgs
    $81,671
    Other
    $9,462
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $73,101 + $73,101 related
    Bonus
    $8,570 + $8,570 related
    Other
    $0
    Deferred
    $4,229 + $4,229 related
    Nontaxable benefits
    $502 + $502 related
    Filer's total
    $86,402 + $86,402 related

  • Emilyn Hall

    DIRECTOR OF ACCOUNTING

    Total calculated
    $147,008
    From this org
    $66,965
    From related orgs
    $66,965
    Other
    $13,078
    Hours/week
    25 + 25 related

  • Madison Ann Cole

    DIRECTOR OF COMMUNICATIONS

    Total calculated
    $159,308
    From this org
    $61,978
    From related orgs
    $61,978
    Other
    $35,352
    Hours/week
    25 + 25 related

    Schedule J breakdown matched by us

    Base
    $57,223 + $57,223 related
    Bonus
    $4,755 + $4,755 related
    Other
    $0
    Deferred
    $4,088 + $4,088 related
    Nontaxable benefits
    $13,588 + $13,588 related
    Filer's total
    $79,654 + $79,654 related

  • Coletta A Black

    DIRECTOR OF ADMINISTRATION

    Total calculated
    $149,420
    From this org
    $61,767
    From related orgs
    $61,767
    Other
    $25,886
    Hours/week
    25 + 25 related

  • Angelina M Vega

    PROJECT COUNCEL

    Total calculated
    $143,236
    From this org
    $59,300
    From related orgs
    $59,300
    Other
    $24,636
    Hours/week
    25 + 25 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

  • 1a · Health or social club dues or initiation fees
  • 1b · Written policy on the line-1a expenses
  • 2 · Substantiation required before reimbursing expenses
  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 1A
SOCIAL CLUB DUES ARE PAID BY THE ORGANIZATION. THE DEVELOPMENT ACTIVITIES OF THE ORGANIZATION REQUIRE EXTENSIVE COOPERATION AND COORDINATION OF PUBLIC AND PRIVATE SUPPORT FOR SUCCESSFUL DOWNTOWN ECONOMIC REDEVELOPMENT. BREAKFAST AND LUNCH MEETINGS ARE THE OPTIMUM WAY TO SCHEDULE SCARCE TIME TO CONFIDENTIALLY DISCUSS COOPERATIVE PROJECT ACTIVITIES. THE BOARD SUGGESTED MEMBERSHIP IN THE SOCIAL CLUBS TO FACILITATE NECESSARY MEETINGS WITH BUSY EXECUTIVES.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543189349304799

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