Columbus Compact Corporation

Tax-deductible

Columbus, OH501(c)(3)Community DevelopmentEIN 31-1446694Revenue $214K in FY2024

On file with the IRScolumbusempowerment.org1890 E Main St, 43205-2262 · Columbus, OHTax-exempt since Jun 2020Publicly supported charity — 170(b)(1)(A)(vi)

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Columbus Compact is a catalyst for positive development of Central City Columbus' neighborhoods and business districts

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$81K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 2
filings with a surplus
Average deficit $3K a year · 2% of revenue · last 2 filings
Worth a look: a surplus in 1 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$81K
to officers and key staff · 38% of spending
Top officer’s pay higher than 57% of similar orgs
Concern: pay to officers and key staff is 38% of spending; over 30%.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 3.5 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $9K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$86K
70% of total assets
Worth a look: liabilities are 70% of assets; over 65%.
Pt X · Ln 26
Independent board members
5
of 9 voting members
Looks good: 5 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$214K
+88% vs prior year
Spent
$213K
To programs
88%
Net assets
$37K
By yearFY2021–FY2024
Revenue
$214K
FY2024▲ +88%
Tap a bar for its year
Revenue by fiscal year
FY2021$43K
FY2022$119K
FY2023$118K
FY2023$113K
FY2024$214K
Expenses
$213K
FY2024▲ +325%
Tap a bar for its year
Expenses by fiscal year
FY2021$50K
FY2022Not on file
FY2023Not on file
FY2023Not on file
FY2024$213K
Net assets
$37K
FY2024▲ +3%
Tap a bar for its year
Net assets by fiscal year
FY2021$10K
FY2022$381
FY2023$10K
FY2023$36K
FY2024$37K

From the FY2024 Form 990 · see the original

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Is it real?

Yes. Exemption reinstated (2018-11-15). Per the IRS revocation list. Latest filing on record: FY2024. IRS ruling in Jun 2020.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $186K Management & general 11% · $23K Fundraising 2% · $3K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $81K paid to officers and key staff.

Part VII, Section A · reportable compensation
President &
$80,900Pt VII · Sec A
Chairperson
$0Pt VII · Sec A
Vice Chairpe
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Kim Knights’s $81K as President & is at the 57th percentile of top reported officer pay among 1708 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2024FY2023FY2023FY2022FY2021
Kim Knights$80,900$30,000$60,000$53,000$50,000
Derrik Pannell—$8,100———
Evelyn Cleveland—$4,570———
Iris Cooper—$800———
Crucita Flecha—$700———

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Columbus Compact Corporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Empowers Central City Columbus neighborhoods and businesses for positive growth.

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Provided by the organization

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3 programs · $176K · in their own filed words · FY2024
01

Accelerate

Accelerate columbus 2024 (city of columbus): the columbus compact corporation dba columbus empowerment corporation engaged in a strategic role within the city of columbus small business ecosystem as an entrepreneur support organization in implementing scale up and grow programming targeting small businesses.

$94Kprogram expense
02

2.DOWNTOWN - downtown ground floor initiative 2024/2025 (city of columbus): columbus empowerment corporation shall be responsible for helping to identify businesses for the program and assisting them with the application and program participation.

$46Kprogram expense
03

Omd

Ohio micro business development program 2024 (ocdc): training and technical assistance services: training and have individuals complete that training; and expects to provide technical assistance consultations, leading to jobs created or retained, helping microbusinesses expand, and microbusinesses start.

$36Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 2 funders$9K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$214K
Ln 12
Fees for servicesLn 2g$214K
Gifts and grantsLn 1h$120
Investment incomeLn 3$2
Money outPt IX
$213K
Ln 25
Programscol B$186K
Managementcol C$23K
Fundraisingcol D$3K
Owns and owesPt X
$37K
net assets · Ln 32
Cash and savingsLn 1–2$61K
Total assetsLn 16$123K
LiabilitiesLn 26$86K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a9
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$120
Fees for servicesLn 2g$214K
Investment incomeLn 3$2
Total revenueLn 12$214K
Assets in detailPt X, end of year
CashLn 1$61K
Cash and savings togetherLn 1–2$61K
Land, buildings, equipmentLn 10c$826
Total assetsLn 16$123K
LiabilitiesLn 26$86K
Net assetsLn 32$37K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$37K$61K
Land, buildings, equipmentLn 10c$1K$826
Total assetsLn 16$102K$123K
LiabilitiesLn 26$66K$86K
Net assetsLn 32$36K$37K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$81K$74K$4K$3K
Pay of disqualified personsLn 6$46K$46K
Payroll taxesLn 10$130$130
Accounting feesLn 11c$6K$2K$3K
Other fees for servicesLn 11g$40K$40K$95
Advertising and promotionLn 12$822$349$473
Office expensesLn 13$3K$2K$1K
OccupancyLn 16$12K$7K$5K$194
TravelLn 17$7K$7K$793
InterestLn 20$2K$2K
Depreciation, depletion and amortizationLn 22$184$82$98$4
InsuranceLn 23$2K$1K$915$44
Other expenses (24a–d)Ln 24$12K$7K$5K$244
All other expensesLn 24e$39$39
Total functional expensesLn 25$213K$186K$23K$3K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $214K$213K$1K$37K 990 PDF
FY2023 $118K$10K 990 PDF
FY2022 $119K$381 990 PDF
FY2021 $43K$50K−$7K$10K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $213,718 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $1,105$120
I-9 Program service revenuePrior year $112,303$213,596
I-10 Investment incomePrior year $1$2
I-11 Other revenuePrior year $30$0
I-12 Total revenuePrior year $113,439$213,718
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $44,170$126,638
I-16a Professional fundraising feesPrior year $23,619$0
I-17 Other expensesPrior year $19,099$85,916
I-18 Total expensesPrior year $86,888$212,554
I-19 Revenue less expensesPrior year $26,551$1,164
Part VI · Governance 5 of 9 board members independent, no flags
VI-1a Voting members of the governing body9
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $213,718 across 5 lines filed
VIII-1f All other contributions, gifts and grants$120
VIII-1h Total contributions, gifts and grants$120
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $213,596$213,596
VIII-3 Investment incomeRelated to mission $2$2
VIII-12 Total revenueRelated to mission $213,598$213,718
Part IX · Statement of functional expenses $212,554 across 14 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $73,929 · Management $4,261 · Fundraising $2,710$80,900
IX-6 Pay of disqualified personsPrograms $45,608$45,608
IX-10 Payroll taxesManagement $130$130
IX-11c Accounting feesPrograms $2,362 · Management $3,343$5,705
IX-11g Other fees for servicesPrograms $40,390 · Management $95$40,485
IX-12 Advertising and promotionPrograms $349 · Management $473$822
IX-13 Office expensesPrograms $1,993 · Management $1,458$3,451
IX-16 OccupancyPrograms $6,980 · Management $4,578 · Fundraising $194$11,752
IX-17 TravelPrograms $6,605 · Management $793$7,398
IX-20 InterestManagement $1,785$1,785
IX-22 Depreciation, depletion and amortizationPrograms $82 · Management $98 · Fundraising $4$184
IX-23 InsurancePrograms $1,012 · Management $915 · Fundraising $44$1,971
IX-24 Other expenses (24a–d)Programs $7,048 · Management $5,032 · Fundraising $244$12,324
IX-24e All other expensesManagement $39$39
IX-25 Total functional expensesPrograms $186,358 · Management $23,000 · Fundraising $3,196$212,554
Part X · Balance sheet $123,069 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $36,770$61,345
X-4 Accounts receivableStart of year $34,040$60,898
X-10c Land, buildings and equipment, netStart of year $1,010$826
X-16 Total assetsStart of year $101,820$123,069
X-17 Accounts payable and accrued expenses$21,767
X-24 Unsecured notes and loans payableStart of year $65,591$63,909
X-26 Total liabilitiesStart of year $65,591$85,676
X-27 Net assets without donor restrictionsStart of year $36,229$37,393
X-32 Total net assets or fund balancesStart of year $36,229$37,393
X-33 Total liabilities and net assetsStart of year $101,820$123,069
Part XI · Reconciliation of net assets $37,393 net assets at year end
XI-1 Total revenue$213,718
XI-2 Total expenses$212,554
XI-3 Revenue less expenses$1,164
XI-4 Net assets at start of year$36,229
XI-10 Net assets at end of year$37,393

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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