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Nonprofiteer
← OHIO CAPITAL IMPACT CORPORATION

Form 990 for tax year 2023

Filed by OHIO CAPITAL IMPACT CORPORATION.

Totals

Total revenue
$2,489,310
Total expenses
$3,346,996
Contributions and grants received
$2,264,178
Grants paid
$3,346,377
Program service revenue
$0
Investment income
$188,600
Other revenue
$36,532
Total assets, end of year
$10,786,764
Total liabilities, end of year
$974,316
Net assets or fund balances, end of year
$9,812,448
Program services expenses (Part IX)
$3,346,377
Management and general expenses
$619
Fundraising expenses
$0
Program service expenses (Part III)
$3,346,377

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.

  • 1d · Related organizations

    $1,274,570

  • 1f · All other contributions, gifts and grants

    $989,608

  • 3 · Investment income

    total $188,600 · excluded $188,600

  • 11a · Other revenue: FORFEITED GRANTS

    total $36,532 · related or exempt $36,532

  • 11e · Other revenue, total

    $36,532

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,346,377 · program services $3,346,377

  • 13 · Office expenses

    total $619 · management and general $619

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $79 · end of year $79

  • 2 · Savings and temporary cash investments

    beginning of year $10,596,560 · end of year $9,786,685

  • 4 · Accounts receivable

    beginning of year $1,445,000 · end of year $1,000,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $66,667 · end of year $0

  • 18 · Grants payable

    beginning of year $1,438,172 · end of year $974,316

  • 27 · Net assets without donor restrictions

    beginning of year $10,670,134 · end of year $9,812,448

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

THE OHIO CAPITAL IMPACT CORPORATION (OCIC) WAS FORMED IN DECEMBER OF 2012 AS THE NON-PROFIT, PHILANTHROPIC ARM OF OHIO CAPITAL CORPORATION FOR HOUSING. OCIC WILL CONTRIBUTE FUNDING TO SUPPORT THE EDUCATIONAL, ECONOMIC, HEALTH, AND SOCIAL BETTERMENT OF THE RESIDENTS OF AFFORDABLE HOUSING, TO THE AREAS IN WHICH THEY LIVE AND TO THE ORGANIZATIONS THAT SERVE THEM. SIGNIFICANT PROGRAM SERVICES UNDERTAKEN DURING 2023 ARE CAPITAL FOR PARTNERS PROGRAM, SUMMER CAMP FUND PROGRAM, SCHOLARSHIP PROGRAM, AND DIGITAL INCLUSION. DESCRIPTIONS OF EACH OF THESE PROGRAMS ARE INCLUDED IN PART III, QUESTION 4 OF THE FORM 990.

  • CAPITAL FOR PARTNERS: FUNDS ARE CONTRIBUTED TO OHIO CAPITAL CORPORATION FOR HOUSING PARTNERS TO SUPPORT SPECIAL INITIATIVES, SPONSORSHIPS, FUNDRAISING EFFORTS, AND EDUCATIONAL CONFERENCES. THIS ENABLES THE PARTNERS TO ACHIEVE AND FURTHER ENHANCE THEIR MISSION.

    Expenses $2,316,055 · Grants $2,316,055 · Revenue $36,532

  • SUMMER CAMP FUND: PROVIDE GRANTS TO PARTNERS TO SUPPORT RESIDENTS OF LOW INCOME HOUSING PROJECTS THROUGH SENDING CHILDREN TO SUMMER CAMPS.

    Expenses $583,187 · Grants $583,187

  • OCIC JERRY GREER SCHOLARSHIP PROGRAM: OCIC PROVIDES RESIDENTS OF ITS PARTNERS THE ABILITY TO APPLY FOR SCHOLARSHIPS TO 2 AND 4 YEARCOLLEGES, EARN PERFORMANCE GRANTS BASED ON THEIR SUCCESS, AND APPLY FOR FUNDING TO EARN THEIR GED CERTIFICATE.

    Expenses $33,200 · Grants $33,200

  • DIGITAL INCLUSION: THE FUND WAS CREATED TO ENCOURAGE INNOVATION IN DIGITAL INCLUSIVITY. FUNDS HELP SUPPORT HARDWARE AND TECHNICAL ASSISTANCE TO IMPROVE DIGITAL ACCESS. HARDWARE MAY INCLUDE COMPUTERS, WI-FI HOT SPOTS, TABLETS, AND OTHER PERSONAL DEVICES. FUNDING CAN ALSO BE USED TO FURTHER DIGITAL LITERACY TRAINING AND ECONOMIC EMPOWERMENT.

    Expenses $231,030 · Grants $231,030

  • OCIC IS PROUD TO SUPPORT THE WORK OF CPO IMPACT, AN AFFILIATE OF COMMUNITY PROPERTIES OF OHIO CREATED IN 2007. IN 2023 IN FUNDS WERE AWARDED FOR SELECTED PROGRAMS THAT INTERVENTIONS DESIGNED TO INCREASE HOUSING STABILITY, ENHANCE NEIGHBORHOOD SAFETY, AND BUILD ON THE CAPABILITIES OF RESIDENTS STRIVING TO CULTIVATE THEIR WELL-BEING, FAMILY STABILITY, AND THEIR CHILDREN'S SUCCESS.

    Expenses $182,905 · Grants $182,905

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ANGELA MINGO

    DIRECTOR / CHAIRMAN

    Total calculated
    $17,490
    From this org
    $0
    From related orgs
    $17,490
    Other
    $0
    Hours/week
    0.5 + 2.5 related

  • SUSAN E WEAVER

    OUTGOING DIRECTOR / VICE CHAIRMAN

    Total calculated
    $8,305
    From this org
    $0
    From related orgs
    $8,305
    Other
    $0
    Hours/week
    0.5 + 4 related

  • JEANNE GOLLIHER

    DIRECTOR / SECRETARY

    Total calculated
    $13,120
    From this org
    $0
    From related orgs
    $13,120
    Other
    $0
    Hours/week
    0.5 + 4 related

  • TOM LOOS

    DIRECTOR / TREASURER

    Total calculated
    $14,520
    From this org
    $0
    From related orgs
    $14,520
    Other
    $0
    Hours/week
    0.5 + 4 related

  • GRADY APPLETON

    DIRECTOR

    Total calculated
    $8,250
    From this org
    $0
    From related orgs
    $8,250
    Other
    $0
    Hours/week
    0.5 + 4 related

  • DENNIS GUEST

    DIRECTOR

    Total calculated
    $4,950
    From this org
    $0
    From related orgs
    $4,950
    Other
    $0
    Hours/week
    0.5 + 4 related

  • HAROLD D KELLER

    OUTGOING DIRECTOR

    Total calculated
    $2,750
    From this org
    $0
    From related orgs
    $2,750
    Other
    $0
    Hours/week
    0.5 + 2.5 related

  • JOHN LEE

    DIRECTOR

    Total calculated
    $8,250
    From this org
    $0
    From related orgs
    $8,250
    Other
    $0
    Hours/week
    0.5 + 4 related

  • RICHARD MCQUADY

    DIRECTOR

    Total calculated
    $8,250
    From this org
    $0
    From related orgs
    $8,250
    Other
    $0
    Hours/week
    0.5 + 4 related

  • JEANNE SCHROER

    DIRECTOR

    Total calculated
    $13,310
    From this org
    $0
    From related orgs
    $13,310
    Other
    $0
    Hours/week
    0.5 + 4 related

  • KEVIN NOWAK

    DIRECTOR

    Total calculated
    $2,475
    From this org
    $0
    From related orgs
    $2,475
    Other
    $0
    Hours/week
    0.5 + 4 related

  • CATHERINE CAWTHON

    PRESIDENT AND CEO

    Total calculated
    $977,174
    From this org
    $0
    From related orgs
    $691,567
    Other
    $285,607
    Hours/week
    4.5 + 34.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $297,450 related
    Bonus
    $0 + $290,000 related
    Other
    $0 + $104,117 related
    Deferred
    $0 + $255,800 related
    Nontaxable benefits
    $0 + $29,807 related
    Filer's total
    $0 + $977,174 related

  • JOHN HARTRANFT

    EVP RISK AND CORPORATE COU

    Total calculated
    $803,252
    From this org
    $0
    From related orgs
    $559,497
    Other
    $243,755
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,504 related
    Bonus
    $0 + $183,875 related
    Other
    $0 + $132,118 related
    Deferred
    $0 + $198,925 related
    Nontaxable benefits
    $0 + $44,830 related
    Filer's total
    $0 + $803,252 related

  • JENNIFER MULLANEY

    CFO

    Total calculated
    $834,746
    From this org
    $0
    From related orgs
    $604,096
    Other
    $230,650
    Hours/week
    5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $259,685 related
    Bonus
    $0 + $195,188 related
    Other
    $0 + $149,223 related
    Deferred
    $0 + $202,425 related
    Nontaxable benefits
    $0 + $28,225 related
    Filer's total
    $0 + $834,746 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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 3
THE COMPENSATION OF THE PRESIDENT OF THE ORGANIZATION IS DETERMINED BY THE PRESIDENT OF A RELATED TAX-EXEMPT ENTITY. THE RELATED ENTITY HAS A COMPENSATION COMMITTEE THAT REVIEWS COMPENSATION LEVELS OF OFFICERS AND KEY EMPLOYEES.
PART I, LINE 4B
AMOUNTS RECEIVED FROM A NONQUALIFIED PLAN IN 2023: JENNIFER MULLANEY $128,751 JOHN HARTRANFT $128,491 CATHERINE CAWTHON $97,408

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

The 10 largest by cash amount. The API serves every itemized grant.

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.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202433209349320043

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