Form 990 for tax year 2023

Totals

Total revenue

$879,582

Total expenses

$435,855

Contributions and grants received

$878,000

Grants paid

$0

Program service revenue

$0

Investment income

$1,582

Other revenue

$0

Total assets, end of year

$476,456

Total liabilities, end of year

$49

Net assets or fund balances, end of year

$476,407

Program services expenses (Part IX)

$435,855

Management and general expenses

$0

Fundraising expenses

$0

Program service expenses (Part III)

$435,855

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.

Mission and programs · 2023

• Spirit of Cleveland entered into an agreement with the City of Cleveland to administer grantmaking for the newly created Major Events Fund. As part of the agreement, Spirit of Cleveland disbursed funding to Forbes Media to pay for expenses related to the Forbes Under 30 event in October 2023. The expenses were deemed eligible for reimbursement by the grant review committee and included event production and marketing costs.

  Expenses $400,000

• The Spirit of Cleveland sponsored a study to evaluate the management and programming of downtown Cleveland's public spaces, with the goals of determining how to efficiently and effectively manage day-to-day programming, maintenance, marketing, and operations of Downtown Cleveland's core public spaces and developing a simple, transparent, and seamless process for events to be hosted in Downtown Cleveland. The study supported the community's focus on building an inclusive, thriving Downtown neighborhood for residents, building a more welcoming community, improving perceptions, and attracting talent, business, visitors, and investment.

  Expenses $20,000

• The Spirit of Cleveland received a grant from the KeyBank Foundation for the design and implementation of an educational series about marketing and communications for small and medium-sized hospitality businesses, with a focus on minority-owned organizations.

  Expenses $15,855

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

Listed in Part VII

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

No itemized grants to organizations 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.

• Convention and Visitors Bureau of Greater Cleveland Inc DBA Destination Cleveland

  6 · Promote leisure, convention, and business tourism in greater Cleveland · OH

Provenance

Return type

form_990

Tax year

2023

Filed

11 November 2024

IRS schema version

2023v5.0

Source object

202403169349304065

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