Civic Development Corporation of Ashtabula EIN 34-0843430

Civic Development Corporation of Ashtabula

EIN  34-0843430 Public foundation / grantmaker Ashtabula, OH
Form 990 (PDF) Compare with another nonprofit →
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Size
$100K–1M
What they do
Improves community life by planning, funding, and overseeing impactful projects.
Leadership
Amanda Tirotta · Executive Director · $62K
Money in and out
$638K revenue, $489K expenses
Bottom line
94% program efficiency

Improves community life by planning, funding, and overseeing impactful projects. For fiscal year 2024 it reported $638K in revenue, $489K in expenses, and $1.7M in net assets.Pt I

Grants paid & assets · FY2024
Total revenue
$638K
Pt VIII · Ln 12
Total expenses
$489K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $150K
Where spending went · Part IX cols B–D
Program services $0.94 Management & general $0.06
Program efficiency
94%
of spending reaches programs▲ +6% vs prior filing year
Operating runway
82.7mo
months of highly liquid reserves at operating expense rate▼ -70% vs prior filing year
Surplus margin
+23%
revenue over expenses, this year▼ -38% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$638K
FY2024▲ +50%
Expenses
$489K
FY2024▲ +85%
Total assets
$1.8M
FY2024▲ +10%
Total liabilities
$53K
FY2024▲ +17%
Total revenue
$638K
Pt VIII · Ln 12
Total expenses
$489K
Pt IX · Ln 25
Net assets
$1.7M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$150K
Total assetsPt X · Ln 16$1.8M
Program-expense ratioPt IX · col B94%
Voting members of governing bodyPt I · Ln 314
Independent voting membersPt I · Ln 414
Mission & Programs · Part III

Where the work happens

1 program service account for $458K of program spending, described in the organization's own filed words · FY2024.
01

The civic development corporation of ashtabula county improves the quality of life in our community by surveying its stakeholders, developing strategic objectives, identifying impactful projects, raising funds, and providing oversight for the successful completion of those projects.

$458Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CCivic Development Corporation of Ashtabula
EINHdr · item D34-0843430
Principal addressHdr · item CAshtabula, OH
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFFoundations & Grantmakers (T70Z)
Ruling yearIRS BMFApr 1960

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a14
Independent voting membersPt VI · Ln 1b14
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$62,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A

Amanda Tirotta’s $62K as Executive Director is at the 59th percentile of top reported officer pay among 1263 $100K–1M philanthropy & grantmaking 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 · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Amanda Tirotta$62,000$58,000$58,000$50,000$50,000

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.

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Statement of Revenue

Part VIII
Contributions & grants$548K · 86%
Investment income$90K · 14%
Contributions & grants86%$548K
Investment income14%$90K
Total revenueLn 12$638K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.94 Management & general $0.06
Program services94%$458K
Management & general6%$31K
Total functional expensesLn 25$489K

Balance Sheet

Part X · end of year
CashLn 1$1.8M
Total assetsLn 16$1.8M
Total liabilitiesLn 26$53K
Total net assetsLn 32$1.7M
Months of cash on handcomputed43.6

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.8M · Operating expenses (Pt IX) $489K · Less non-cash grants $231K · Cash operating expenses/yr $257K
82.7 months
Where the money goes
Program services
Program services $458K · Total expenses $489K
94%
Management & General
Management & general $31K · Total expenses $489K
6%
Fundraising
Fundraising $0 · Total expenses $489K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $418K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $548K · Total revenue $638K
86%
Government reliance
Government grants — · Total revenue $638K
Earned-income share
Program service revenue $0 · Total revenue $638K
0%
Investment reliance
Investment income $90K · Total revenue $638K
+14%
Program self-sufficiency
Program service revenue $0 · Total expenses $489K
0%
Growth & trend
Revenue growth (YoY)
This year $638K · Prior year $425K
+50%
Revenue CAGR
FY2020 $226K · FY2024 $638K
+30%
Net-asset trend (YoY)
End of year $1.7M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $638K · Expenses $489K
+23%
Liabilities-to-Assets
Total liabilities — · Total assets $1.8M
Net-asset ratio
Net assets $1.7M · Total assets $1.8M
97%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.8M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Amanda Tirotta · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $62K · Total expenses $489K
13%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $62K · Total expenses $489K
13%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 94%
Overhead ratio 6%
Fundraising cost ratio 0%
Revenue growth 50%
Accounting fee ratio 2%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$20K
Grants paid · 19 grants · $1.0M · 2020–2024
Pymatuning ValleyFY2024$195,362
Lake Shore ParkFY2024$135,000
Geneva Township ParkFY2024$50,000
Geneva-On-The-LakeFY2024$8,698
Conneaut Township ParkFY2023$75,000
Ashtabula County Family YMCAOH · FY2023$28,068
Antique Engine ClubFY2023$20,000
Ashtabula Arts CenterOH · FY2022$100,000
Pymatuning ValleyFY2022$54,638
D-Day Ohio INCOH · FY2022$40,000
Village of AndoverFY2022$20,000
The Nature ConservancyVA · FY2022$15,046
Conneaut Arts CenterOH · FY2022$15,000
The Nature ConservancyVA · FY2021$84,954
City of ConneautFY2021$20,000
North Shore TrailFY2021$5,811
North Shore TrailFY2020$99,440
See all 19 grants →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$638K revenue · viewing · ⤓ 990 PDF
FY2023$425K revenue · ⤓ 990 PDF
FY2022$312K revenue · ⤓ 990 PDF
FY2021$332K revenue · ⤓ 990 PDF
FY2020$226K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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