Skip to content
Nonprofiteer
← GREATER CINCINNATI MICROENTERPRISE INITIATIVE INCORPORATED

Form 990 for tax year 2022

Filed by GREATER CINCINNATI MICROENTERPRISE INITIATIVE INCORPORATED.

Totals

Total revenue
$660,202
Total expenses
$482,861
Contributions and grants received
$388,232
Grants paid
$0
Program service revenue
$265,113
Investment income
$6,857
Other revenue
$0
Total assets, end of year
$1,078,109
Total liabilities, end of year
$128,645
Net assets or fund balances, end of year
$949,464
Program services expenses (Part IX)
$385,498
Management and general expenses
$97,363
Fundraising expenses
$0
Program service expenses (Part III)
$385,498

Program services were 79.8% 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)

    $150,109

  • 1f · All other contributions, gifts and grants

    $238,123

  • 2a · Program service revenue: Client Fees

    total $265,113 · related or exempt $265,113

  • 3 · Investment income

    total $6,857 · related or exempt $6,857

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $86,527 · program services $64,104 · management and general $22,423

  • 7 · Other salaries and wages

    total $88,053 · program services $88,053

  • 8 · Pension plan contributions

    total $7,816 · program services $4,560 · management and general $3,256

  • 9 · Other employee benefits

    total $17,538 · program services $17,538

  • 10 · Payroll taxes

    total $13,137 · program services $11,450 · management and general $1,687

  • 11c · Fees: accounting

    total $18,371 · management and general $18,371

  • 11g · Fees: other

    total $116,772 · program services $87,192 · management and general $29,580

  • 12 · Advertising and promotion

    total $9,450 · program services $7,087 · management and general $2,363

  • 13 · Office expenses

    total $43,347 · program services $42,701 · management and general $646

  • 14 · Information technology

    total $25,806 · program services $19,488 · management and general $6,318

  • 16 · Occupancy

    total $26,519 · program services $17,594 · management and general $8,925

  • 22 · Depreciation, depletion and amortization

    total $2,200 · program services $1,540 · management and general $660

  • 23 · Insurance

    total $3,511 · program services $2,633 · management and general $878

  • 24a · Other expenses: Registration & Associations

    total $3,160 · program services $1,814 · management and general $1,346

  • 24b · Other expenses: Participant Match

    total $13,781 · program services $13,781

  • 24c · Other expenses: Postage and Publications

    total $247 · program services $183 · management and general $64

  • 24d · Other expenses: Miscellaneous

    total $6,626 · program services $5,780 · management and general $846

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $650,571 · end of year $835,901

  • 4 · Accounts receivable

    beginning of year $25,280 · end of year $65,276

  • 7 · Other notes and loans receivable

    beginning of year $183,237 · end of year $175,497

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,185 · end of year $1,220

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

    $37,471

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

    $37,256

  • 10c · Land, buildings and equipment, net

    beginning of year $2,416 · end of year $215

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,436 · end of year $84,515

  • 19 · Deferred revenue

    beginning of year $44,130 · end of year $44,130

  • 27 · Net assets without donor restrictions

    beginning of year $630,246 · end of year $807,587

  • 28 · Net assets with donor restrictions

    beginning of year $141,877 · end of year $141,877

Mission and programs · 2022

Mission

To promote the development of business and enterprise in low-income neighborhoods by sponsoring and participating in business training, education, small business loans and ongoing support programs in the greater Cincinnati area.

  • Job Training & Employment Programs: The Microenterprise Loan Program created and/or retained 20 full and part time jobs and retained over 135 PT/FT jobs with our Loan Portfolio of client as a direct result of lending activities. GCMI also provided 158 clients with Classroom and/or technical assistance, 94 completed our Entrepreneurial Training Academy (ETA). GCMI also provided pandemic related relief grants to 126 Minority Businesses of Color in 2022

    Expenses $385,498 · Revenue $265,113

As filed on the 2022 return.

Listed in Part VII

  • Willie Hill III

    Executive Director

    Total calculated
    $99,395
    From this org
    $86,527
    From related orgs
    $0
    Other
    $12,868
    Hours/week
    50

  • Lebruan Colvin

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Christopher Calvert

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Carmen Gaines

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Christine Hawkins

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Bro Abdine Lewis

    Director

    Total calculated
    $0
    Hours/week
    0.5

  • Glenda Cousins

    Chairperson

    Total calculated
    $0
    Hours/week
    1

  • Della Rucker

    Vice Chairperson

    Total calculated
    $0
    Hours/week
    1

  • Lisa Pflueger

    Treasurer

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
13 November 2023
IRS schema version
2022v5.0
Source object
202313179349310191

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.