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← COMMUNITY IMPROVEMENT CORPORATION OF SPRINGFIELD & CLARK COUNTY OHIO

Form 990 for tax year 2023

Filed by COMMUNITY IMPROVEMENT CORPORATION OF SPRINGFIELD & CLARK COUNTY OHIO.

Totals

Total revenue
$1,126,222
Total expenses
$1,375,468
Contributions and grants received
$927,570
Grants paid
$100,424
Program service revenue
$192,953
Investment income
$0
Other revenue
$5,699
Total assets, end of year
$7,477,872
Total liabilities, end of year
$762,191
Net assets or fund balances, end of year
$6,715,681
Program services expenses (Part IX)
$639,257
Management and general expenses
$736,211
Fundraising expenses
$0
Program service expenses (Part III)
$639,257

Program services were 46.5% 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)

    $640,492

  • 1f · All other contributions, gifts and grants

    $287,078

  • 2a · Program service revenue: RENT

    total $180,393 · related or exempt $180,393

  • 2b · Program service revenue: PROJECT MANAGEMENT FEE

    total $10,000 · related or exempt $10,000

  • 2c · Program service revenue: PROGRAM REVENUE

    total $2,560 · related or exempt $2,560

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $5,699 · related or exempt $5,699

  • 11e · Other revenue, total

    $5,699

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $100,424 · program services $100,424

  • 11a · Fees: management

    total $393,486 · management and general $393,486

  • 11b · Fees: legal

    total $6,946 · program services $6,946

  • 11c · Fees: accounting

    total $7,785 · program services $7,785

  • 11g · Fees: other

    total $2,591 · management and general $2,591

  • 12 · Advertising and promotion

    total $143,796 · program services $143,796

  • 13 · Office expenses

    total $1,786 · management and general $1,786

  • 14 · Information technology

    total $1,358 · management and general $1,358

  • 16 · Occupancy

    total $290,887 · management and general $290,887

  • 17 · Travel

    total $8,098 · program services $8,098

  • 19 · Conferences, conventions and meetings

    total $33,433 · program services $33,433

  • 20 · Interest

    total $22,806 · program services $22,806

  • 22 · Depreciation, depletion and amortization

    total $9,628 · management and general $9,628

  • 23 · Insurance

    total $17,508 · management and general $17,508

  • 24a · Other expenses: WORKFORCE DEVELOPMENT

    total $250,041 · program services $250,041

  • 24b · Other expenses: ECONOMIC DEVELOPMENT

    total $43,574 · program services $43,574

  • 24c · Other expenses: PROPERTY TAXES

    total $18,967 · management and general $18,967

  • 24d · Other expenses: NRC PARK MAINTENANCE

    total $11,962 · program services $11,962

  • 24e · All other expenses

    total $10,392 · program services $10,392

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $71,378 · end of year $20,527

  • 2 · Savings and temporary cash investments

    beginning of year $32,822 · end of year $20,579

  • 4 · Accounts receivable

    beginning of year $129,675 · end of year $131,095

  • 9 · Prepaid expenses and deferred charges

    beginning of year $31,335 · end of year $35,966

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

    $7,350,175

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

    $80,470

  • 10c · Land, buildings and equipment, net

    beginning of year $6,915,561 · end of year $7,269,705

  • 17 · Accounts payable and accrued expenses

    beginning of year $183,022 · end of year $149,326

  • 24 · Unsecured notes and loans payable

    end of year $343,145

  • 25 · Other liabilities

    beginning of year $32,822 · end of year $269,720

  • 27 · Net assets without donor restrictions

    beginning of year $6,950,437 · end of year $6,715,681

  • 28 · Net assets with donor restrictions

    beginning of year $14,490 · end of year $0

Mission and programs · 2023

Mission

ECONOMIC DEVELOPMENT OF SPRINGFIELD AND CLARK COUNTY OHIO.

  • ECONOMIC DEVELOPMENT OF SPRINGFIELD AND CLARK COUNTY OHIO.

    Expenses $639,257 · Grants $100,424 · Revenue $198,652

As filed on the 2023 return.

Listed in Part VII

  • Tom Sothard

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • Lowell McGlothin

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Daren Cotter

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Michael McDorman

    PRESIDENT/SECRETARY

    Total calculated
    $288,027
    From this org
    $0
    From related orgs
    $261,584
    Other
    $26,443
    Hours/week
    23 + 17 related

    Schedule J breakdown matched by us

    Base
    $0 + $190,000 related
    Bonus
    $0 + $68,500 related
    Other
    $0 + $3,084 related
    Deferred
    $0 + $13,455 related
    Nontaxable benefits
    $0 + $12,988 related
    Filer's total
    $0 + $288,027 related

  • Sasha Rittenhouse

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Sunny Dhingra

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • David Estrop

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • John McKinnon III

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Warren Copeland

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Horton Hobbs

    VP OF ECONOMIC DEVELOPMENT

    Total calculated
    $187,187
    From this org
    $0
    From related orgs
    $150,970
    Other
    $36,217
    Hours/week
    50

    Schedule J breakdown matched by us

    Base
    $0 + $110,970 related
    Bonus
    $0 + $40,000 related
    Other
    $0
    Deferred
    $0 + $17,858 related
    Nontaxable benefits
    $0 + $18,359 related
    Filer's total
    $0 + $187,187 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

  • 2 · Substantiation required before reimbursing expenses
  • 3 · Written employment contract
  • 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

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.

Provenance

Return type
form_990
Tax year
2023
Filed
25 July 2024
IRS schema version
2023v5.1
Source object
202412079349301131

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