Cincinnati Cyclones Foundation FY2024 filing

Tax-deductible

Cincinnati, OH501(c)(3)Since 2017Youth DevelopmentEIN 81-4716430Revenue $624K in FY2024

On file with the IRS100 Broadway St, 45202-3514 · Cincinnati, OHTax-exempt since May 2017Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

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.
99¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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
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
99%
of spending
Looks good: 99% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
5 mo
of spending, in cash
Looks good: 4.7 months of spending in cash; 3 or more.
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
$17K
4% of total assets
Looks good: liabilities are 4% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$624K
-9% vs prior year
Spent
$1.0M
To programs
99%
Net assets
$443K
By yearFY2020–FY2025
Revenue
$624K
FY2024▼ -9%
Tap a bar for its year
Revenue by fiscal year
FY2020$120K
FY2021$325K
FY2022$645K
FY2023$686K
FY2024$624K
FY2025$2.0M
Expenses
$1.0M
FY2024▲ +113%
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
$443K
FY2024▼ -47%
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 FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

Form 990 (PDF) 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 May 2017.

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

Where the money goes

99 cents of each dollar spent went to programs.

Program services 99% · $1.0M Management & general 1% · $7K

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

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

3 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
President & Director
$0Pt VII · Sec A
Treasurer & Director
$0Pt VII · Sec A
Secretary & Director
$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 →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Tap to ask. Cincinnati Cyclones Foundation sees how many people are interested.

Your first name shows with your question. Cincinnati Cyclones Foundation answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $1.0M · in their own filed words · FY2023
01

Provide hockey equipment, instruction and training, and donated ice rink time to and for the benefit of children.

$1.0Mprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$624K
Ln 12
Fees for servicesLn 2g$584K
Other incomeLn 4–11$33K
Gifts and grantsLn 1h$7K
Money outPt IX
$1.0M
Ln 25
Programscol B$1.0M
Managementcol C$7K
Owns and owesPt X
$443K
net assets · Ln 32
Cash and savingsLn 1–2$396K
Total assetsLn 16$460K
LiabilitiesLn 26$17K
PeoplePt VI, VII
3
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$7K
Fees for servicesLn 2g$584K
Other incomeLn 4–11$33K
Total revenueLn 12$624K
Assets in detailPt X, end of year
CashLn 1$396K
Cash and savings togetherLn 1–2$396K
Other assetsLn 15$64K
Total assetsLn 16$460K
LiabilitiesLn 26$17K
Net assetsLn 32$443K
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 FY24End FY24
Cash and savingsLn 1–2$914K$396K
Total assetsLn 16$914K$460K
LiabilitiesLn 26$85K$17K
Net assetsLn 32$829K$443K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$19K$19K
Grants to domestic individualsLn 2$16K$16K
Other salaries and wagesLn 7$24K$24K
Accounting feesLn 11c$633$506$127
Lobbying feesLn 11d$2K$2K$483
Office expensesLn 13$3K$2K$539
OccupancyLn 16$24K$19K$5K
InsuranceLn 23$4K$4K$885
Other expenses (24a–d)Ln 24$916K$916K
Total functional expensesLn 25$1.0M$1.0M$7K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $2.0M$2.5M−$415K$27K 990 PDF
FY2024 Viewing $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

Want to add your own materials alongside these filings? Claim this org

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 $623,707 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $374,879$7,135
I-9 Program service revenuePrior year $107,038$583,539
I-10 Investment incomePrior year $0$0
I-11 Other revenuePrior year $204,034$33,033
I-12 Total revenuePrior year $685,951$623,707
I-13 Grants and similar amounts paidPrior year $12,707$35,544
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $24,172$24,353
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $436,370$950,292
I-18 Total expensesPrior year $473,249$1,010,189
I-19 Revenue less expensesPrior year $212,702−$386,482
Part VI · Governance 3 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members3
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 $623,707 across 5 lines filed
Lines not itemized here account for $13,519 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$7,135
VIII-1h Total contributions, gifts and grants$7,135
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $583,539$583,539
VIII-8 Net income from fundraising eventsExcluded from tax $19,514$19,514
VIII-12 Total revenueRelated to mission $583,539 · Unrelated business $0 · Excluded from tax $33,033$623,707
Part IX · Statement of functional expenses $1,010,189 across 9 lines filed
IX-1 Grants to domestic organizationsPrograms $19,291$19,291
IX-2 Grants to domestic individualsPrograms $16,253$16,253
IX-7 Other salaries and wagesPrograms $24,353$24,353
IX-11c Accounting feesPrograms $506 · Management $127$633
IX-11d Lobbying feesPrograms $1,933 · Management $483$2,416
IX-13 Office expensesPrograms $2,154 · Management $539$2,693
IX-16 OccupancyPrograms $19,233 · Management $4,808$24,041
IX-23 InsurancePrograms $3,541 · Management $885$4,426
IX-24 Other expenses (24a–d)Programs $916,083$916,083
IX-25 Total functional expensesPrograms $1,003,347 · Management $6,842 · Fundraising $0$1,010,189
Part X · Balance sheet $460,191 assets, 9 lines filed
X-1 Cash, non-interest-bearingStart of year $913,554$396,064
X-15 Other assetsStart of year $260$64,127
X-16 Total assetsStart of year $913,814$460,191
X-17 Accounts payable and accrued expensesStart of year $15,387$17,436
X-25 Other liabilitiesStart of year $69,190$0
X-26 Total liabilitiesStart of year $84,577$17,436
X-27 Net assets without donor restrictionsStart of year $829,237$442,755
X-32 Total net assets or fund balancesStart of year $829,237$442,755
X-33 Total liabilities and net assetsStart of year $913,814$460,191
Part XI · Reconciliation of net assets $442,755 net assets at year end
XI-1 Total revenue$623,707
XI-2 Total expenses$1,010,189
XI-3 Revenue less expenses−$386,482
XI-4 Net assets at start of year$829,237
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$442,755

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

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.