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Nonprofiteer
← COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION

Form 990 for tax year 2022

Filed by COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION.

Totals

Total revenue
$21,128,443
Total expenses
$14,664,270
Contributions and grants received
$9,895,644
Grants paid
$860,578
Program service revenue
$11,042,685
Investment income
$90,398
Other revenue
$99,716
Total assets, end of year
$124,783,991
Total liabilities, end of year
$14,958,235
Net assets or fund balances, end of year
$109,825,756
Program services expenses (Part IX)
$13,685,288
Management and general expenses
$978,982
Fundraising expenses
$0
Program service expenses (Part III)
$13,685,288

Program services were 93.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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

  • DONALD BROWN

    BOARD MEMBER/TREASURER

    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

  • 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

  • DR STEPHEN MARKOVICH

    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

  • MICHAEL COLEMAN

    BOARD MEMBER (TERM 2022)

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • ABIGAIL WEXNER

    BOARD MEMBER (TERM 2022)

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • KRISTINA JOHNSON

    BOARD MEMBER (TERM 2022)

    Total calculated
    $0
    Hours/week
    0.3 + 0.3 related

  • MATTHEW LUTZ

    ASST. SECRETARY/GENERAL CO

    Total calculated
    $317,295
    From this org
    $158,751
    From related orgs
    $129,887
    Other
    $28,657
    Hours/week
    27.5 + 22.5 related

    Schedule J breakdown matched by us

    Base
    $151,070 + $123,603 related
    Bonus
    $7,681 + $6,284 related
    Other
    $0
    Deferred
    $7,153 + $5,853 related
    Nontaxable benefits
    $8,583 + $7,068 related
    Filer's total
    $174,487 + $142,808 related

  • AMY E TAYLOR

    COO/PRESIDENT

    Total calculated
    $404,053
    From this org
    $212,067
    From related orgs
    $173,509
    Other
    $18,477
    Hours/week
    27.5 + 22.5 related

    Schedule J breakdown matched by us

    Base
    $170,129 + $139,196 related
    Bonus
    $35,750 + $29,250 related
    Other
    $6,188 + $5,063 related
    Deferred
    $9,546 + $7,811 related
    Nontaxable benefits
    $588 + $532 related
    Filer's total
    $222,201 + $181,852 related

  • GREGORY J DAVIES

    CEO

    Total calculated
    $374,163
    From this org
    $185,166
    From related orgs
    $151,500
    Other
    $37,497
    Hours/week
    27.5 + 22.5 related

    Schedule J breakdown matched by us

    Base
    $129,066 + $105,600 related
    Bonus
    $49,500 + $40,500 related
    Other
    $6,600 + $5,400 related
    Deferred
    $8,188 + $6,699 related
    Nontaxable benefits
    $12,414 + $10,196 related
    Filer's total
    $205,768 + $168,395 related

  • JOSEPH SCHUELER

    CFO

    Total calculated
    $302,778
    From this org
    $145,459
    From related orgs
    $119,012
    Other
    $38,307
    Hours/week
    27.5 + 22.5 related

    Schedule J breakdown matched by us

    Base
    $138,471 + $113,295 related
    Bonus
    $6,988 + $5,717 related
    Other
    $0
    Deferred
    $8,620 + $7,053 related
    Nontaxable benefits
    $12,426 + $10,208 related
    Filer's total
    $166,505 + $136,273 related

  • MARK BARGO

    DIRECTOR OF CONSTRUCTION

    Total calculated
    $160,198
    From this org
    $84,094
    From related orgs
    $68,804
    Other
    $7,300
    Hours/week
    27.5 + 22.5 related

    Schedule J breakdown matched by us

    Base
    $84,094 + $68,804 related
    Bonus
    $0
    Other
    $0
    Deferred
    $1,681 + $1,375 related
    Nontaxable benefits
    $2,328 + $1,916 related
    Filer's total
    $88,103 + $72,095 related

  • ASHLEY J MYERS

    DIRECTOR OF COLUMBUS COMMONS

    Total calculated
    $165,187
    From this org
    $74,436
    From related orgs
    $60,902
    Other
    $29,849
    Hours/week
    27.5 + 22.5 related

    Schedule J breakdown matched by us

    Base
    $68,983 + $56,440 related
    Bonus
    $3,638 + $2,977 related
    Other
    $1,815 + $1,485 related
    Deferred
    $4,089 + $3,346 related
    Nontaxable benefits
    $12,316 + $10,098 related
    Filer's total
    $90,841 + $74,346 related

  • COLETTA A BLACK

    DIRECTOR OF ADMINISTRATION

    Total calculated
    $135,033
    From this org
    $62,221
    From related orgs
    $50,908
    Other
    $21,904
    Hours/week
    27.5 + 22.5 related

  • EMILYN AGUILAR HALL

    ACCOUNTING MANAGER

    Total calculated
    $125,987
    From this org
    $63,451
    From related orgs
    $51,914
    Other
    $10,622
    Hours/week
    27.5 + 22.5 related

  • JOSEPH JOHN MOLLICA

    DIRECTOR OF REAL ESTATE/SR COUNSEL

    Total calculated
    $146,110
    From this org
    $72,086
    From related orgs
    $58,980
    Other
    $15,044
    Hours/week
    27.5 + 22.5 related

  • GUY V WORLEY

    FORMER PRESIDENT/CEO

    Total calculated
    $1,109,757
    From this org
    $610,366
    From related orgs
    $499,391
    Other
    $0
    Hours/week
    0

    Schedule J breakdown matched by us

    Base
    $0
    Bonus
    $0
    Other
    $610,366 + $499,391 related
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $610,366 + $499,391 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
  • 4a · Severance or change-of-control payment

Answered no

  • 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, LINE 4A
IN 2021, GUY V. WORLEY RETIRED FROM THE ORGANIZATION AND ENTERED INTO A SEPARATION AGREEMENT WITH THE COMPANY. MR. WORLEY WAS PAID HIS STANDARD SALARY AND BENEFITS THROUGH MAY 31, 2021. MR. WORLEY'S COMPENSATION IN BOX B(III) REPRESENTS PAYMENTS MADE IN 2022 RELATED TO HIS SEPARATION AGREEMENT.

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

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.

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.

Disregarded entities

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

  • RIVERSOUTH HOLDINGS LLC

    ECONOMIC DEVELOPMENT · OH · income $0 · assets $0

    Directly controlled by COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION

  • SCIOTO PENINSULA HOLDINGS LTD

    ECONOMIC DEVELOPMENT · OH · income $2,131,981 · assets $10,983,661

    Directly controlled by COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION

  • TOPIARY PARK CROSSING LTD

    ECONOMIC DEVELOPMENT · OH · income $7,000,000 · assets $16,877,112

    Directly controlled by COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION

  • FORTY WEST LONG LTD

    ECONOMIC DEVELOPMENT · OH · income $2,500,000 · assets $2,490,437

    Directly controlled by COLUMBUS DOWNTOWN DEVELOPMENT CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
3 November 2023
IRS schema version
2022v5.0
Source object
202323189349314772

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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