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Nonprofiteer
← CEAI EQUITY FUND INC

Form 990 for tax year 2023

Filed by CEAI EQUITY FUND INC.

What the amendment changed

Compared with the return it replaced , filed 11 April 2024. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Listed only on the earlier return

  • Eugene Ellington

Listed under a different title

  • Sil Watkins: Board Member then President

Totals

Total revenue
$112,085
Total expenses
$165,634
Contributions and grants received
$112,085
Grants paid
$165,610
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$10,424
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$10,424
Program services expenses (Part IX)
$165,610
Management and general expenses
$24
Fundraising expenses
$0
Program service expenses (Part III)
$165,610

Program services were 100.0% 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.

  • 1f · All other contributions, gifts and grants

    $112,085

  • 8c · Net income from fundraising events

    total $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $165,610 · program services $165,610

  • 13 · Office expenses

    total $24 · management and general $24

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $63,973 · end of year $10,424

  • 27 · Net assets without donor restrictions

    beginning of year $63,973

  • 31 · Retained earnings, endowment or other funds

    beginning of year $63,973 · end of year $10,424

Mission and programs · 2023

Mission

The Equity Fund will invest in projects to launch new businesses, affordable housing, and necessary community services like opening quality grocery stores in "Food Desert" residential areas.

Activities or mission (Part I)

The CEAI Equity Fund has been established to fund investment in community development projects in Cincinnati neighborhoods

  • Support of the Development of the Bond Hill Market to increase food resources in marginalized community

    Expenses $165,610 · Grants $165,610

As filed on the 2023 return.

Listed in Part VII

  • Damon Lynch

    Board Member

    Total calculated
    $0

  • Kz Smith

    Board MEmber

    Total calculated
    $0

  • Sil Watkins

    President

    Total calculated
    $0

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

  • Community Ecnomic Adv Init

    $165,610

    Bond Hill Market

Provenance

Return type
form_990
Tax year
2023
Filed
5 October 2024
IRS schema version
2023v5.1
Source object
202422799349300502

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