To alleviate unvemployment and to assist and retain local industries in order to strenghten and revitalize the economy and workforce of the communities that surround the cleveland hopkins international airport and NASA glenn research center.

501(c)(3) charity; gifts are tax-deductible.
55¢ of each $1 spent went to programs.
$322K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

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
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 4
filings with a surplus
Average surplus $47K a year · 11% of revenue · last 4 filings
Worth a look: a surplus in 2 of the last 4 filings.
Pt I · Ln 19 · 4 filings
Spent on programs
55%
of spending
Worth a look: 55% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$322K
to officers and key staff · 77% of spending
Concern: pay to officers and key staff is 77% of spending; over 30%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 3.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $200K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$18K
14% of total assets
Looks good: liabilities are 14% of assets; 50% or less.
Pt X · Ln 26
Independent board members
20
of 20 voting members
Looks good: 20 of 20 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$315K
-39% vs prior year
Spent
$416K
To programs
55%
Net assets
$114K
By yearFY2022–FY2025
Revenue
$315K
FY2024▼ -39%
Tap a bar for its year
Revenue by fiscal year
FY2022$213K
FY2023$514K
FY2024$315K
FY2025$594K
Expenses
$416K
FY2024▲ +5%
Tap a bar for its year
Expenses by fiscal year
FY2022$220K
FY2023$397K
FY2024$416K
FY2025$417K
Net assets
$114K
FY2024▼ -47%
Tap a bar for its year
Net assets by fiscal year
FY2022$101K
FY2023$216K
FY2024$114K
FY2025$290K

From the FY2024 Form 990 · see the original

Give Claim
You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2020.

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

Where the money goes

55 cents of each dollar spent went to programs.

Program services 55% · $228K Management & general 37% · $156K Fundraising 8% · $32K

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

20 people listed on the 990; $322K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$226,641Pt VII · Sec A
Director of Business Engagement
$95,226Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Hrishue Mahalaha’s $234K as Executive Director is at the 98th percentile of top reported officer pay among 1709 $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 · 2 named individuals · Part VII

NameFY2025FY2024FY2023FY2022
Hrishue Mahalaha$234,409$226,641$239,002$150,916
Mary J Schmidt$70,546$95,226——

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 Aerozone Alliance 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

Helps people find jobs and supports local businesses to boost the economy.

Questions for Aerozone Alliance

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Your first name shows with your question. Aerozone Alliance answers here, for everyone.

Provided by the organization

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1 program · $228K · in their own filed words · FY2024
01

The organization has made significant progress in 3 areas (1) business growth and expansion - team conducted business outreach and engagement with 100 businesses in the aerozone. (2) land use planing - aerozone continues a comprehensive land use planning exerxie and created inventory of all developable properties.

$228Kprogram 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 · FY2023
Total grants receivedfrom 1 funder$200K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$315K
Ln 12
Gifts and grantsLn 1h$313K
Investment incomeLn 3$2K
Money outPt IX
$416K
Ln 25
Programscol B$228K
Managementcol C$156K
Fundraisingcol D$32K
Owns and owesPt X
$114K
net assets · Ln 32
Cash and savingsLn 1–2$127K
Total assetsLn 16$133K
LiabilitiesLn 26$18K
PeoplePt VI, VII
20
listed · VII A
PaidVII A2
Voting boardVI 1a20
IndependentVI 1b20
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$313K
Government grantsLn 1e$195K
Investment incomeLn 3$2K
Total revenueLn 12$315K
Assets in detailPt X, end of year
SavingsLn 2$127K
Cash and savings togetherLn 1–2$127K
Other assetsLn 15$2K
Total assetsLn 16$133K
LiabilitiesLn 26$18K
Net assetsLn 32$114K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$137K$127K
Total assetsLn 16$217K$133K
LiabilitiesLn 26$1K$18K
Net assetsLn 32$216K$114K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$322K$185K$106K$31K
Management feesLn 11a$3K$3K$0$0
Legal feesLn 11b$5K$0$5K$0
Accounting feesLn 11c$14K$0$14K$0
Advertising and promotionLn 12$37K$37K$0$0
Office expensesLn 13$2K$0$2K$0
Information technologyLn 14$1K$1K$0$0
OccupancyLn 16$27K$0$27K$0
InsuranceLn 23$1K$0$1K$0
Other expenses (24a–d)Ln 24$2K$648$556$1K
Total functional expensesLn 25$416K$228K$156K$32K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $594K$417K$177K$290K 990 PDF
FY2024 Viewing $315K$416K−$101K$114K 990 PDF
FY2023 $514K$397K$117K$216K 990 PDF
FY2022 $213K$220K−$7K$101K 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 $314,982 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $510,583$313,300
I-9 Program service revenue$0
I-10 Investment incomePrior year $3,744$1,682
I-11 Other revenue$0
I-12 Total revenuePrior year $514,327$314,982
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $238,996$321,868
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $158,381$93,713
I-18 Total expensesPrior year $397,377$415,581
I-19 Revenue less expensesPrior year $116,950−$100,599
Part VI · Governance 20 of 20 board members independent, 3 to look at
VI-1a Voting members of the governing body20
VI-1b Independent voting members20
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $314,982 across 6 lines filed
VIII-1b Membership dues$50,000
VIII-1e Government grants$195,000
VIII-1f All other contributions, gifts and grants$68,300
VIII-1h Total contributions, gifts and grants$313,300
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $1,682$1,682
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $1,682$314,982
Part IX · Statement of functional expenses $415,581 across 10 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $185,441 · Management $105,520 · Fundraising $30,907$321,868
IX-11a Management feesPrograms $3,250 · Management $0 · Fundraising $0$3,250
IX-11b Legal feesPrograms $0 · Management $5,321 · Fundraising $0$5,321
IX-11c Accounting feesPrograms $0 · Management $14,439 · Fundraising $0$14,439
IX-12 Advertising and promotionPrograms $37,329 · Management $0 · Fundraising $0$37,329
IX-13 Office expensesPrograms $0 · Management $2,051 · Fundraising $0$2,051
IX-14 Information technologyPrograms $1,355 · Management $0 · Fundraising $0$1,355
IX-16 OccupancyPrograms $0 · Management $26,567 · Fundraising $0$26,567
IX-23 InsurancePrograms $0 · Management $1,097 · Fundraising $0$1,097
IX-24 Other expenses (24a–d)Programs $648 · Management $556 · Fundraising $1,100$2,304
IX-25 Total functional expensesPrograms $228,023 · Management $155,551 · Fundraising $32,007$415,581
Part X · Balance sheet $132,582 assets, 8 lines filed
X-2 Savings and temporary cash investmentsStart of year $136,532$127,193
X-4 Accounts receivableStart of year $75,000$3,500
X-15 Other assetsStart of year $4,988$1,889
X-16 Total assetsStart of year $216,569$132,582
X-17 Accounts payable and accrued expensesStart of year $1,051$18,219
X-26 Total liabilitiesStart of year $1,051$18,219
X-32 Total net assets or fund balancesStart of year $215,518$114,363
X-33 Total liabilities and net assetsStart of year $216,569$132,582
Part XI · Reconciliation of net assets $114,363 net assets at year end
XI-1 Total revenue$314,982
XI-2 Total expenses$415,581
XI-3 Revenue less expenses−$100,599
XI-4 Net assets at start of year$215,518
XI-9 Other changes in net assets−$556
XI-10 Net assets at end of year$114,363

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

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