To promote physical health, teamwork, education and life skills for children and youth, primarily in the greater Cincinnati community.

501(c)(3) charity; gifts are tax-deductible.
82¢ of each $1 spent went to programs.
Run by 80 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · 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
4 of 6
filings with a surplus
Average deficit $32K a year · 4% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$86K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Fine: 1.1 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$237K
90% of total assets
Concern: liabilities are 90% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$2.0M
+229% vs prior year
Spent
$2.5M
To programs
82%
Net assets
$27K
By yearFY2020–FY2025
Revenue
$2.0M
FY2025▲ +229%
Tap a bar for its year
Revenue by fiscal year
FY2020$120K
FY2021$325K
FY2022$645K
FY2023$686K
FY2024$624K
FY2025$2.0M
Expenses
$2.5M
FY2025▲ +144%
Tap a bar for its year
Expenses by fiscal year
FY2020$61K
FY2021$190K
FY2022$442K
FY2023$473K
FY2024$1.0M
FY2025$2.5M
Net assets
$27K
FY2025▼ -94%
Tap a bar for its year
Net assets by fiscal year
FY2020$279K
FY2021$414K
FY2022$617K
FY2023$829K
FY2024$443K
FY2025$27K

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

990 PDF Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2017.

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

Where the money goes

82 cents of each dollar spent went to programs.

Program services 82% · $2.0M Management & general 18% · $436K

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; $86K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$76,105Pt VII · Sec A
Vice Chair
$10,000Pt VII · Sec A
Board Director
$0Pt VII · Sec A
Director of Adaptive Hockey
$0Pt VII · Sec A
President & Director
$0Pt VII · Sec A
Committee Chair
$0Pt VII · Sec A
Treasurer & Director
$0Pt VII · Sec A
$0Pt VII · Sec A

Frank Banham’s $76K as President is at the 10th percentile of top reported officer pay among 1552 $1–10M youth 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.

See Cincinnati Cyclones 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

Empowers children and youth with health, teamwork, education, and life skills.

Questions for Cincinnati Cyclones Foundation

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Provided by the organization

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1 program · $2.0M · in their own filed words · FY2024
01

Expanding access to youth hockey by providing hockey equipment, instruction and training, and donated ice rink time to and for the benefit of children. Hockey is a challenging sport to enter, with high barriers of entry through cost.

$2.0Mprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 1 funder$15K
Grants paid · 3 grants · $41K · 2023–2024
Unitemized GrantFY2024$24,102
Unitemized GrantFY2023$9,512

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$2.0M
Ln 12
Fees for servicesLn 2g$1.9M
Gifts and grantsLn 1h$325K
Money outPt IX
$2.5M
Ln 25
Programscol B$2.0M
Managementcol C$436K
Owns and owesPt X
$27K
net assets · Ln 32
Cash and savingsLn 1–2$230K
Total assetsLn 16$264K
LiabilitiesLn 26$237K
PeoplePt VI, VII
10
listed · VII A
PaidVII A2
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$325K
Fundraising eventsLn 1c$323K
Fees for servicesLn 2g$1.9M
Total revenueLn 12$2.0M
Assets in detailPt X, end of year
CashLn 1$230K
Cash and savings togetherLn 1–2$230K
Other assetsLn 15$0
Total assetsLn 16$264K
LiabilitiesLn 26$237K
Net assetsLn 32$27K
OperationsPt I, VI
EmployeesI 50
VolunteersI 680
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$396K$230K
Total assetsLn 16$460K$264K
LiabilitiesLn 26$17K$237K
Net assetsLn 32$443K$27K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$25K$25K
Grants to domestic individualsLn 2$24K$24K
Pay of current officers, directors and key staffLn 5$103K$51K$51K
Other salaries and wagesLn 7$139K$94K$46K
Other employee benefitsLn 9$8K$4K$4K
Payroll taxesLn 10$330$165$165
Management feesLn 11a$315K$315K
Legal feesLn 11b$10K$10K
Advertising and promotionLn 12$33K$33K
Office expensesLn 13$1K$694$694
Information technologyLn 14$243$243
OccupancyLn 16$16K$8K$8K
TravelLn 17$347$347
InsuranceLn 23$2K$989$989
Other expenses (24a–d)Ln 24$1.8M$1.8M
Total functional expensesLn 25$2.5M$2.0M$436K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $2.0M$2.5M−$415K$27K 990 PDF
FY2024 $624K$1.0M−$386K$443K 990 PDF
FY2023 $686K$473K$213K$829K 990 PDF
FY2022 $645K$442K$203K$617K 990 PDF
FY2021 $325K$190K$135K$414K 990 PDF
FY2020 $120K$61K$58K$279K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2025 990 (6 parts)
Part I · Summary $2,049,836 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $7,135$324,712
I-9 Program service revenuePrior year $583,539$1,881,931
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $33,033−$156,807
I-12 Total revenuePrior year $623,707$2,049,836
I-13 Grants and similar amounts paidPrior year $35,544$48,761
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $24,353$250,002
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $950,292$2,166,551
I-18 Total expensesPrior year $1,010,189$2,465,314
I-19 Revenue less expensesPrior year −$386,482−$415,478
Part VI · Governance 8 of 8 board members independent, 4 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
VI-12a Written conflict of interest policyNo
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
Part VIII · Statement of revenue $2,049,836 across 6 lines filed
Lines not itemized here account for $13,908 of total revenue; see the IRS return.
VIII-1c Fundraising events$323,246
VIII-1f All other contributions, gifts and grants$1,466
VIII-1h Total contributions, gifts and grants$324,712
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $1,881,931$1,881,931
VIII-8 Net income from fundraising eventsExcluded from tax −$170,715−$170,715
VIII-12 Total revenueRelated to mission $1,881,931 · Unrelated business $0 · Excluded from tax −$156,807$2,049,836
Part IX · Statement of functional expenses $2,465,314 across 15 lines filed
IX-1 Grants to domestic organizationsPrograms $24,659$24,659
IX-2 Grants to domestic individualsPrograms $24,102$24,102
IX-5 Pay of current officers, directors and key staffPrograms $51,408 · Management $51,407$102,815
IX-7 Other salaries and wagesPrograms $93,602 · Management $45,607$139,209
IX-9 Other employee benefitsPrograms $3,824 · Management $3,824$7,648
IX-10 Payroll taxesPrograms $165 · Management $165$330
IX-11a Management feesManagement $315,000$315,000
IX-11b Legal feesManagement $9,745$9,745
IX-12 Advertising and promotionPrograms $32,970$32,970
IX-13 Office expensesPrograms $694 · Management $694$1,388
IX-14 Information technologyPrograms $243$243
IX-16 OccupancyPrograms $8,190 · Management $8,190$16,380
IX-17 TravelManagement $347$347
IX-23 InsurancePrograms $989 · Management $989$1,978
IX-24 Other expenses (24a–d)Programs $1,788,500$1,788,500
IX-25 Total functional expensesPrograms $2,029,346 · Management $435,968 · Fundraising $0$2,465,314
Part X · Balance sheet $264,305 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $396,064$229,615
X-8 Inventories for sale or use$20,031
X-9 Prepaid expenses and deferred charges$14,659
X-15 Other assetsStart of year $64,127$0
X-16 Total assetsStart of year $460,191$264,305
X-17 Accounts payable and accrued expensesStart of year $17,436$106,099
X-19 Deferred revenue$130,929
X-26 Total liabilitiesStart of year $17,436$237,028
X-27 Net assets without donor restrictionsStart of year $442,755$27,277
X-32 Total net assets or fund balancesStart of year $442,755$27,277
X-33 Total liabilities and net assetsStart of year $460,191$264,305
Part XI · Reconciliation of net assets $27,277 net assets at year end
XI-1 Total revenue$2,049,836
XI-2 Total expenses$2,465,314
XI-3 Revenue less expenses−$415,478
XI-4 Net assets at start of year$442,755
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$27,277

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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