Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1a · Federated campaigns

  $0

• 1b · Membership dues

  $0

• 1c · Fundraising events

  $0

• 1d · Related organizations

  $0

• 1e · Government grants (contributions)

  $0

• 1f · All other contributions, gifts and grants

  $60,878

• 1g · Noncash contributions included above

  $6,372

• 2a · Program service revenue: Transient Occupancy Tax

  total $18,615,526 · related or exempt $18,615,526 · unrelated business $0 · excluded $0

• 2b · Program service revenue: Partnership Dues

  total $398,959 · related or exempt $398,959 · unrelated business $0 · excluded $0

• 2c · Program service revenue: Advertising

  total $269,679 · related or exempt $269,679 · unrelated business $0 · excluded $0

• 2d · Program service revenue: Sponsorship

  total $80,101 · related or exempt $80,101 · unrelated business $0 · excluded $0

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $79,379 · related or exempt $0 · unrelated business $0 · excluded $79,379

• 4 · Income from investment of tax-exempt bond proceeds

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 5 · Royalties

  total $1,937 · related or exempt $0 · unrelated business $0 · excluded $1,937

• 6c · Rental income or loss

  real property $0 · personal property $0

• 7a · Gross sales of assets other than inventory

  securities $755,433 · other assets $0

• 7b · Less cost or other basis and sales expenses

  securities $750,000 · other assets $0

• 7c · Gain or loss

  securities $5,433 · other assets $0

• 7d · Net gain or loss

  total $5,433 · related or exempt $0 · unrelated business $0 · excluded $5,433

• 8a · Fundraising events: contributions included on line 1c

  $0

• 11a · Other revenue: Miscellaneous

  total $15,521 · related or exempt $15,521 · unrelated business $0 · excluded $0

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $15,521

Functional expenses

Part IX, the statement of functional expenses.

• 1 · Grants to domestic organizations and governments

  total $350,000

• 5 · Compensation of officers, directors and key employees

  total $901,133

• 7 · Other salaries and wages

  total $4,197,186

• 8 · Pension plan contributions

  total $108,242

• 9 · Other employee benefits

  total $380,318

• 10 · Payroll taxes

  total $407,328

• 11b · Fees: legal

  total $29,711

• 11c · Fees: accounting

  total $28,474

• 11d · Fees: lobbying

  total $45,000

• 11g · Fees: other

  total $1,982,212

• 12 · Advertising and promotion

  total $2,750,353

• 13 · Office expenses

  total $126,392

• 14 · Information technology

  total $643,801

• 16 · Occupancy

  total $510,918

• 17 · Travel

  total $518,022

• 19 · Conferences, conventions and meetings

  total $539,714

• 22 · Depreciation, depletion and amortization

  total $629,106

• 23 · Insurance

  total $37,358

• 24a · Other expenses: Employee Leasing Agreement

  total $499,058

• 24b · Other expenses: Research

  total $194,029

• 24c · Other expenses: Destination Development

  total $191,291

• 24d · Other expenses: Convention Subsidies

  total $214,070

• 24e · All other expenses

  total $302,452

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $14,485,253 · end of year $19,523,355

• 3 · Pledges and grants receivable

  beginning of year $2,629,519 · end of year $3,047,396

• 4 · Accounts receivable

  beginning of year $81,350 · end of year $3,317

• 9 · Prepaid expenses and deferred charges

  beginning of year $704,722 · end of year $355,228

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

  $8,702,500

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

  $7,161,116

• 10c · Land, buildings and equipment, net

  beginning of year $1,615,209 · end of year $1,541,384

• 11 · Investments: publicly traded securities

  beginning of year $4,753,457 · end of year $4,282,080

• 13 · Investments: program-related

  beginning of year $101,004 · end of year $32,680

• 15 · Other assets

  beginning of year $926,404 · end of year $1,739,145

• 17 · Accounts payable and accrued expenses

  beginning of year $736,558 · end of year $1,262,977

• 19 · Deferred revenue

  beginning of year $173,826 · end of year $145,028

• 25 · Other liabilities

  beginning of year $352,140 · end of year $1,335,669

• 27 · Net assets without donor restrictions

  beginning of year $13,887,335 · end of year $18,959,583

• 28 · Net assets with donor restrictions

  beginning of year $10,147,059 · end of year $8,821,328

The filer's explanations (Part III)

Schedule J, Part I, Line 3

The Alliance Committee is comprised of four Executive Committee members each from the Greater Cleveland Sports Commission and Destination Cleveland. The Committee meets annually to discuss Gilbert's bonus and salary in accordance with his Employment Agreement. After discussing, each Board Chair obtains respective Executive Committee approval. Compensation decisions are provided in writing to CEO.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• DC CCC Investment LLC

  Investment in Cleveland Concert Company · OH · income $0 · assets $0