Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in May 2014.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
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
38 people listed on the 990; $1.4M paid to officers and key staff.
Peter Blackshaw’s $433K as CEO - Term Ended is at the 95th percentile of top reported officer pay among 2832 $1–10M 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 · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Peter Blackshaw | $432,593 | $417,381 | $417,013 | $417,012 | $419,749 |
| Joseph Kropp | $356,364 | $192,029 | — | — | — |
| Sarah Anderson | — | — | — | — | $345,000 |
| Lauren Boehmker | $228,584 | $197,090 | — | — | — |
| John Stieger | — | — | — | $215,541 | $159,375 |
| Oleg Kaganovich | — | — | — | $215,183 | — |
| Eric Weissmann | — | — | — | $132,144 | $205,000 |
| Alisa Smith | — | $199,690 | $186,600 | $180,400 | $169,000 |
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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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
Fosters economic growth in Cincinnati by providing coworking spaces, resources, and support to help high-growth startups launch, scale, and create local jobs.
Questions for Cintrifuse
Your first name shows with your question. Cintrifuse answers here, for everyone.
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Space
The organization provides office space in a downtown cincinnati location, with proximity to other entrepreneurs, for start-up entities to have access to other start-ups allowing for collaboration and to promote teams. High speed wireless internet and other common amenities are provided within the space.
Programs
The organization provides a regimen of educational and programmatic services to entrepreneurs and start-ups including speaker series, innovation exchanges, and development.
Funding and Customer Connections
For venture capital funds that come to the greater cincinnati area, the organization provides an introduction to the ecosystem, by providing connections to start-ups, and established companies, by providing workshops relating to valuation and other issues to get companies, who are seed stage to series b stage, ready for the conversations…
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $205K | $706K |
| InvestmentsLn 11–13 | $1.7M | $2.1M |
| Land, buildings, equipmentLn 10c | $41K | $31K |
| Total assetsLn 16 | $4.7M | $5.4M |
| LiabilitiesLn 26 | $879K | $1.3M |
| Net assetsLn 32 | $3.8M | $4.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $975K | $975K | ||
| Other salaries and wagesLn 7 | $441K | $283K | $158K | |
| Other employee benefitsLn 9 | $168K | $137K | $31K | |
| Payroll taxesLn 10 | $82K | $70K | $12K | |
| Legal feesLn 11b | $22K | $225 | $22K | |
| Accounting feesLn 11c | $38K | $38K | ||
| Other fees for servicesLn 11g | $97K | $78K | $19K | |
| Advertising and promotionLn 12 | $129K | $69K | $60K | |
| Office expensesLn 13 | $14K | $9K | $5K | |
| OccupancyLn 16 | $492K | $492K | ||
| TravelLn 17 | $11K | $8K | $3K | |
| Conferences, conventions and meetingsLn 19 | $15K | $13K | $2K | |
| Depreciation, depletion and amortizationLn 22 | $8K | $8K | ||
| InsuranceLn 23 | $55K | $44K | $11K | |
| Other expenses (24a–d)Ln 24 | $509K | $481K | $28K | |
| All other expensesLn 24e | $11K | $6K | $4K | |
| Total functional expensesLn 25 | $3.1M | $2.7M | $393K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $4.1M | $3.2M | $897K | $10.4M | 990 PDF |
| FY2023 | $4.1M | $4.0M | $65K | $9.5M | 990 PDF |
| FY2022 | $3.7M | $2.9M | $798K | $9.4M | 990 PDF |
| FY2021 | $17.8M | $13.2M | $4.6M | $8.7M | 990 PDF |
| FY2020 Viewing | $3.4M | $3.1M | $323K | $4.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $3,389,356 revenue, 12 lines filed
Part VI · Governance 31 of 32 board members independent, 1 to look at
Part VIII · Statement of revenue $3,389,356 across 8 lines filed
Part IX · Statement of functional expenses $3,066,041 across 16 lines filed
Part X · Balance sheet $5,405,966 assets, 15 lines filed
Part XI · Reconciliation of net assets $4,099,941 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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