Cleveland Development Foundation FY2023 filing

Tax-deductible

Cleveland, OH501(c)(3)Community DevelopmentEIN 34-6528498

Developing and improving Cleveland's civic visions.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2023 · 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
2 of 5
filings with a surplus
Average deficit $1K a year · 6% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
132 mo
of spending, in cash
Looks good: 131.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $297K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$490K
91% of total assets
Concern: liabilities are 91% of assets; over 80%.
Pt X · Ln 26
Independent board members
25
of 25 voting members
Looks good: 25 of 25 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$62K
Spent
$46K
To programs
100%
Net assets
$47K
By yearFY2020–FY2024
Revenue
$62K
FY2023
Revenue by fiscal year
FY2020$15K
FY2021$0
FY2022$0
FY2023$62K
FY2024$35K
Expenses
$46K
FY2023▲ ×71
Expenses by fiscal year
FY2020$6K
FY2021$4K
FY2022$654
FY2023$46K
FY2024$62K
Net assets
$47K
FY2023▲ +51%
Net assets by fiscal year
FY2020$35K
FY2021$32K
FY2022$31K
FY2023$47K
FY2024$20K

From the FY2023 Form 990 · see the original

You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1959.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $46K Management & general 0% · $188

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

Who runs it and what they're paid

30 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director Until 12/23
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Cleveland Development Foundation 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 15aNo

Programs and updates

Improves Cleveland's civic visions through development and enhancement.

Provided by the organization

This section is blank until Cleveland Development Foundation claims this page.

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1 program service account for $46K of program spending, described in the organization's own filed words · FY2023.
01

Educating local officials and business members on Federal Public Policy. In October, the Cleveland Development Foundation through its parent organization Greater Cleveland Partnership hosted members and partners for its annual D.C. Fly-In.

$46Kprogram expense

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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 · FY2023
Total grants receivedfrom 2 funders$297K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$62K
Ln 12
Gifts and grantsLn 1h$40K
Fees for servicesLn 2g$22K
Money outPt IX
$46K
Ln 25
Programscol B$46K
Managementcol C$188
Owns and owesPt X
$47K
net assets · Ln 32
Cash and savingsLn 1–2$509K
Total assetsLn 16$537K
LiabilitiesLn 26$490K
PeoplePt VI, VII
30
listed · VII A
PaidVII A0
Voting boardVI 1a25
IndependentVI 1b25
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$40K
Fees for servicesLn 2g$22K
Total revenueLn 12$62K
Assets in detailPt X, end of year
CashLn 1$509K
Cash and savings togetherLn 1–2$509K
Total assetsLn 16$537K
LiabilitiesLn 26$490K
Net assetsLn 32$47K
OperationsPt I, VI
EmployeesI 50
VolunteersI 619
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 FY23End FY23
Cash and savingsLn 1–2$225K$509K
Total assetsLn 16$225K$537K
LiabilitiesLn 26$194K$490K
Net assetsLn 32$31K$47K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$100$100
Other fees for servicesLn 11g$22K$22K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$518$430$88
Conferences, conventions and meetingsLn 19$22K$22K
Total functional expensesLn 25$46K$46K$188$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $35K$62K−$27K$20K 990 PDF
FY2023 Viewing $62K$46K$16K$47K 990 PDF
FY2022 $0$654−$654$31K 990 PDF
FY2021 $0$4K−$4K$32K 990 PDF
FY2020 $15K$6K$9K$35K 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 FY2023 990 (4 parts)
Part VIII · Statement of revenue $62,000 across 4 lines filed
VIII-1f All other contributions, gifts and grants$40,000
VIII-1h Total contributions, gifts and grants$40,000
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $22,000$22,000
VIII-12 Total revenueRelated to mission $22,000 · Unrelated business $0 · Excluded from tax $0$62,000
Part IX · Statement of functional expenses $46,358 across 5 lines filed
IX-11c Accounting feesManagement $100$100
IX-11g Other fees for servicesPrograms $22,000$22,000
IX-12 Advertising and promotionPrograms $1,631$1,631
IX-13 Office expensesPrograms $430 · Management $88$518
IX-19 Conferences, conventions and meetingsPrograms $22,109$22,109
IX-25 Total functional expensesPrograms $46,170 · Management $188 · Fundraising $0$46,358
Part X · Balance sheet $536,822 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $225,202$508,943
X-4 Accounts receivableStart of year $0$27,808
X-9 Prepaid expenses and deferred chargesStart of year $71$71
X-16 Total assetsStart of year $225,273$536,822
X-17 Accounts payable and accrued expensesStart of year $2,500$32,347
X-26 Total liabilitiesStart of year $194,303$490,210
X-27 Net assets without donor restrictionsStart of year $780$592
X-28 Net assets with donor restrictionsStart of year $30,190$46,020
X-32 Total net assets or fund balancesStart of year $30,970$46,612
X-33 Total liabilities and net assetsStart of year $225,273$536,822
Part XI · Reconciliation of net assets $46,612 net assets at year end
XI-1 Total revenue$62,000
XI-2 Total expenses$46,358
XI-3 Revenue less expenses$15,642
XI-4 Net assets at start of year$30,970
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$46,612

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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