2024-11-14T17:11:50-06:00 2023-12-31 420714325 RSM US LLP 6 S Patterson Blvd Dayton OH 45402 990 2023-01-01 340149250 Greater Cleveland Partnership GREA 2166213300 1240 Huron Road E 300 Cleveland OH 44115 Yvette M Ittu Exec VP - Finance & Operations 2166213300 2024-11-13 1 1 Karen O Crim P00368385 9372980201 2024-11-13 2023 2024-10-15 13:58:12Z Baiju Shah 1240 Huron Road E 300 Cleveland OH 44115 16502925 0 X www.greatercle.com X 1967 OH Business association mobilizing private, civic, and public leadership, expertise, and resources to accelerate growth and prosperity across the region. 100 100 118 116 72217 0 1216617 196300 12462868 12492661 347425 913219 56500 246432 14083410 13848612 0 0 0 0 8828699 9743657 0 0 0 5408623 6039207 14237322 15782864 -153912 -1934252 34771131 32492554 5922116 5623024 28849015 26869530 X Business association mobilizing private, civic, and public leadership, expertise, and resources to accelerate growth and prosperity across the region. 0 0 Appealing Communities:Attractive communities are essential for drawing in and keeping vibrant businesses and talented individuals. Our priority is creating a next-generation appeal for working, living, and playing in Greater Cleveland. We collaborate with partners to enhance our downtown and waterfront areas through interconnected and inclusive developments in residential, commercial, and public spaces. We also invest in neighborhoods, focusing on both residential growth and commercial corridor development, ensuring they are supported by accessible and efficient transit. Additionally, we advocate for resources to expand amenities such as parks, arts and culture, sports, and other recreational activities. Recognizing the economic and social benefits of strong air services, we work closely with the city of Cleveland and other organizations to enhance air travel options for both business and leisure. Enhancing Downtown and Waterfronts: In 2023, we continued to partner with the Mayor of the City of Cleveland and his administration to lead a planning process to redevelop the Downtown Cleveland Lakefront. City reveals North Coast Master Plan for lakefront and enters into an agreement for riverfront development.Invest in Neighborhoods: Transformative real estate development aimed at creating an attractive and inclusive community is a top priority. GCP collaborates with its real estate development affiliate, Cleveland Development Advisors (CDA), and external partners to maximize existing assets and initiate new catalytic projects that drive further economic growth.Expand Recreational Amenities including Parks, Arts and Culture, and Sports: GCP serves as a catalyst and advocate for maintaining and enhancing the region's vibrant array of arts and culture, parks and trails, sports and entertainment, and air services. These offerings contribute to a high quality of life and play a key role in attracting businesses and talent to the area.Improve Airport and Air Service Connections: Enhanced air services attract businesses, boosting the local economy by facilitating trade, tourism, and investment. Improved connectivity makes the region more accessible to global markets, encouraging corporate expansions and new business ventures. GCP continued to work with Cleveland Hopkins International Airport to build a plan to improve the airport services and facilities. International Airline launches nonstop service from Cleveland to Dublin; Airline selects CLE for crew hub and starts new flights to San Diego, San Francisco, Dallas, Charlotte, San Juan and Jamaica. Talent:Dynamic businesses require a steady supply of talent to thrive. Our focus is on work-based learning for both current and future job markets. We collaborate with partners to boost enrollments and completions in degree and certificate programs for growth sectors, and to enhance internships, apprenticeships, and co-op opportunities through industry-led partnerships with educational institutions and training providers. Additionally, we aim to increase career awareness among high school students through exposure and placement programs that create clear pathways to employment.Increase Degree and Certificate Completions and Retain Graduates: Our region has seen a net increase in college-educated individuals over the past six years. A more educated workforce often leads to increased innovation and productivity, driving economic development and attracting higher-value industries.Expand Internships, Apprenticeships, Co-ops and Tech Credentials: Summer in the Land is a community initiative and series of events aimed at showcasing and celebrating the vibrancy of Greater Cleveland during the summer months. It includes a variety of activities designed to engage residents and visitors, promote local businesses, and highlight the region's cultural, recreational, and social offerings. In 2023, Summer in the Land attracted over 1,000 interns from 300+ companies.Broaden Career Awareness among High School Students through Exposure Programs: Early career exposure helps students, and their families plan for post-secondary education and career paths, making the transition from high school to higher education or the workforce smoother and more strategic. Also, by learning about different professions and industries early, students can start developing relevant skills and interests, aligning their education with their career aspirations. As a result, in 2023, Ohio's budget features the largest increases ever recorded for college aid and technical career training. Business Innovation & Growth:A prosperous region thrives on dynamic businesses, and our focus is on driving growth through productivity and innovation for companies of all sizes. We collaborate with partners to support business expansions by connecting them with growth incentives, real estate opportunities, and talent solutions. For small and mid-sized businesses, we provide access to funding opportunities, cost-saving benefits, and platforms for idea exchange and networking. Additionally, we enhance innovation across startups, corporations, and research institutions (including federal facilities) through targeted sector strategies, industry partnerships, and increased funding.Innovation Initiatives: Expand innovation at start-ups, corporates and research institutions through partnerships and increased funding: We encouraged partnerships between corporations and research institutions to bridge the gap between academic research and commercial applications. In 2023, the region experienced increased access to venture capital, grants, and other funding opportunities for startups and research-focused projects. Sustainable manufacturing and materials innovation hubs, Akron and corporate partners win federal awards, resulting in development of an $300M research facility by local Ivy League school. During 2023, Cleveland start-ups raise over $370M in investment and 20 companies make Inc. Magazine's list of 5,000 fastest growing companies.Promote Business Expansions by Connecting Companies to Growth Incentives, Real Estate Options and Talent Sources: In 2023, Greater Cleveland saw numerous collaborations between businesses and organizations that improved access to growth incentives, real estate, and talent. Grow Small and Middle-market Enterprises by Connecting Them to Business Building Resources, Funding Opportunities and Cost-saving Benefits: The Council of Smaller Enterprises' (COSE) mission is to grow small businesses. As the small business arm of the Greater Cleveland Partnership, members have access to educational content, networking opportunities, cost-saving benefits, and navigation to resources that best support their business needs and interests. COSE also advocates for small businesses to ensure a positive business environment. Small and middle-market businesses play a significant role in driving local and regional economic growth. By supporting their expansion, we help create jobs, increase economic activity, and contribute to a more vibrant and resilient economy. In 2023, COSE held the 6th season of Cleveland Chain Reaction pitch. Cleveland Chain Reaction is a business competition and economic development initiative designed to support and grow small and minority-owned businesses in Cleveland. Launched in 2016 by the Greater Cleveland Partnership, the program aims to stimulate economic activity and job creation by providing resources and support to businesses looking to expand and thrive in the Cleveland area. Advocacy:GCP advocates on behalf of its mission and members for policies and programs at the regional, state, and federal levels that advance our vision and priorities. We work with partners to ensure that our region has dynamic businesses, abundant talent, inclusive opportunities, and an appealing community for its talent. In 2023, we:- Supported investments in our research institutions and companies that will drive innovation across multiple industries;- Helped to expand access to post-secondary education, attracted over 1,000 interns from 300+ companies, and attracted funding to support meaningful training and credentialing programs in our communities;- Assisted with the expansion of broadband access, invested in our MBDA and related programs, and broadened city development benefits through a community benefits ordinance; and - Attracted significant funding and investments to our communities that ensures our region's ability to realize its visionary projects that will enhance our waterfront. 0 1 0 1 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 66 0 1 118 1 1 1 0 0 0 1 1 0 0 0 X 100 100 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X John Luteran 2166213300 1240 Huron Road E 300 Cleveland OH 44115 Dolan Paul Chair 2.00 4.00 X X 0 0 0 Richardson Sean Treasurer 2.00 4.00 X X 0 0 0 Arnold Craig Director 1.00 2.00 X 0 0 0 Ballard Brent Director until 9/23 1.00 0.00 X 0 0 0 Barlage Nic Director 1.00 2.00 X 0 0 0 Barnhill Chad Director 1.00 0.00 X 0 0 0 Baston Michael Director 1.00 0.00 X 0 0 0 Bediako Trina Director 1.00 0.00 X 0 0 0 Bellamy Chris Director 1.00 0.00 X 0 0 0 Bentlage Rudy Director 1.00 0.00 X 0 0 0 Berg Jodi Director until 1/23 1.00 0.00 X 0 0 0 Bertero Fernando Director 1.00 0.00 X 0 0 0 Bloomberg Laura Director 1.00 0.00 X 0 0 0 Booker Claude Director 1.00 0.00 X 0 0 0 Campbell Kevin Director 1.00 0.00 X 0 0 0 Carrus Brandon Director 1.00 0.00 X 0 0 0 Cavoli James Director 1.00 2.00 X 0 0 0 Chaikin Scott Director until 12/23 1.00 2.00 X 0 0 0 Chambers Fiona Director 1.00 0.00 X 0 0 0 Coleman Lonnie Director 1.00 0.00 X 0 0 0 Connell Michele Director 1.00 2.00 X 0 0 0 Cosgrove Bill Director 1.00 2.00 X 0 0 0 Davis Shakorie Director 1.00 0.00 X 0 0 0 DeWagheneire Severine Director 1.00 2.00 X 0 0 0 Diderich Jeroen Director 1.00 0.00 X 0 0 0 Dimoff Tim Director 1.00 0.00 X 0 0 0 Donley Deborah Director 1.00 0.00 X 0 0 0 Eich Andrew Director 1.00 0.00 X 0 0 0 Espinosa Patrick Director 1.00 0.00 X 0 0 0 Evans Taylor Director 1.00 2.00 X 0 0 0 Fanger Karen Director 1.00 0.00 X 0 0 0 Fujita Hiroyuki Director 1.00 0.00 X 0 0 0 Gertsburg Alex Director 1.00 0.00 X 0 0 0 Glass Steven Director 1.00 2.00 X 0 0 0 Goncalves Lourenco Director 1.00 0.00 X 0 0 0 Gorman Christopher Director 1.00 2.00 X 0 0 0 Gorom III Stanley Director 1.00 0.00 X 0 0 0 Graves Adam Director 1.00 0.00 X 0 0 0 Gries Sally Director 1.00 0.00 X 0 0 0 Grisko Jerry Director 1.00 0.00 X 0 0 0 Harmon Brad Director 1.00 2.00 X 0 0 0 Haslam Dee Director 1.00 2.00 X 0 0 0 Hedlund Steven Director 1.00 0.00 X 0 0 0 Heller David Director 1.00 0.00 X 0 0 0 Howse Chris Director 1.00 0.00 X 0 0 0 Johnson Kevin Director 1.00 2.00 X 0 0 0 Judd Margaret Director 1.00 0.00 X 0 0 0 Juliano Elizabeth Director 1.00 0.00 X 0 0 0 Kaler Eric Director 1.00 2.00 X 0 0 0 Kirkpatrick Ariane Director 1.00 0.00 X 0 0 0 Klonk Robert Director 1.00 0.00 X 0 0 0 Komoroski Len Director until 9/23 1.00 2.00 X 0 0 0 Kuri Lillian Director 1.00 0.00 X 0 0 0 Laisure Daryl Director until 9/23 1.00 0.00 X 0 0 0 Largent III Ed Director 1.00 0.00 X 0 0 0 Liebert Rebecca Director 1.00 2.00 X 0 0 0 Littman Robert Director 1.00 0.00 X 0 0 0 Lucarelli Jay Director 1.00 0.00 X 0 0 0 Maclntosh John Director 1.00 0.00 X 0 0 0 Malz James Director 1.00 0.00 X 0 0 0 Manna Anthony Director 1.00 0.00 X 0 0 0 Mapes Chris Director until 12/23 1.00 0.00 X 0 0 0 Maribito Rick Director 1.00 0.00 X 0 0 0 Marziani Jeneen Director 1.00 0.00 X 0 0 0 Matthew Bonnie Director 1.00 0.00 X 0 0 0 McClain David Director 1.00 0.00 X 0 0 0 Megerian Cliff Director 1.00 0.00 X 0 0 0 Merrill Kyle Director 1.00 0.00 X 0 0 0 Mihaljevic Tomislav Director 1.00 0.00 X 0 0 0 Moreno Marcia Director 1.00 0.00 X 0 0 0 Morford Joseph Director 1.00 0.00 X 0 0 0 Morikis John Director until 12/23 1.00 2.00 X 0 0 0 Mueller Scott Director 1.00 0.00 X 0 0 0 Muresan Gregg Director 1.00 0.00 X 0 0 0 Murphy Heidi Director 1.00 0.00 X 0 0 0 Mylan James Director 1.00 0.00 X 0 0 0 Nagarajan Sundaram Director 1.00 0.00 X 0 0 0 Opsitnick Timothy Director 1.00 2.00 X 0 0 0 Parmentier Jennifer Director 1.00 2.00 X 0 0 0 Partridge Tom Director 1.00 0.00 X 0 0 0 Pastore Patrick Director 1.00 2.00 X 0 0 0 Patterson Bob Director until 12/23 1.00 0.00 X 0 0 0 Perez Cheryl Director 1.00 2.00 X 0 0 0 President CeCe Director 1.00 0.00 X 0 0 0 Read Deborah Director 1.00 2.00 X 0 0 0 Repasky Monte Director 1.00 0.00 X 0 0 0 Restivo Neal Director 1.00 2.00 X 0 0 0 Saada Jr John Director 1.00 0.00 X 0 0 0 Schnur Eric Director until 9/23 1.00 0.00 X 0 0 0 Serio Kathy Director 1.00 0.00 X 0 0 0 Shankar Vijay Director 1.00 0.00 X 0 0 0 Sinito Malisse Director 1.00 0.00 X 0 0 0 Smith Robert Director 1.00 0.00 X 0 0 0 Smucker Mark Director until 12/23 1.00 0.00 X 0 0 0 Stanek Michael Director 1.00 2.00 X 0 0 0 Steed Airica Director 1.00 0.00 X 0 0 0 Stein Kevin Director 1.00 0.00 X 0 0 0 Sullivan Frank Director until 1/23 1.00 0.00 X 0 0 0 Taylor Jr Eddie Director 1.00 2.00 X 0 0 0 Taylor Tameka Director 1.00 0.00 X 0 0 0 Tenerowicz Matthew Director 1.00 0.00 X 0 0 0 Thomas Toby Director until 10/23 1.00 0.00 X 0 0 0 Thompson Adrian Director 1.00 0.00 X 0 0 0 Tomallo Michelle Director 1.00 0.00 X 0 0 0 Vijayvargiya Jugal Director 1.00 0.00 X 0 0 0 Wagheneire Severine Director 1.00 0.00 X 0 0 0 Weber Tony Director 1.00 0.00 X 0 0 0 Weekley Daniel Director 1.00 0.00 X 0 0 0 Welsh Thomas Director 1.00 0.00 X 0 0 0 Whiting Vanessa Director 1.00 2.00 X 0 0 0 Williams Thomas Director until 12/23 1.00 0.00 X 0 0 0 Withers Chad Director 1.00 0.00 X 0 0 0 Young John Director 1.00 0.00 X 0 0 0 Shah Baiju President & CEO 35.00 5.00 X 599441 62925 50942 Ittu Yvette EVP, Finance & Operations 38.00 2.00 X 379201 18451 58854 McGann Martin EVP, Adv. & Strategic Initiatives 40.00 0.00 X 316987 0 48075 Kim Megan SVP, Member Development & Marketing 34.00 6.00 X 222172 39207 22050 Schoop Michael SVP, Equity and Inclusion 40.00 0.00 X 193900 0 11424 Luteran John MVP, Finance, Ops & Air Service 29.00 11.00 X 210286 81130 40923 Federico Paul Managing VP, Revenue 40.00 0.00 X 250606 0 40057 Binnig Cindy VP, Finance & Investor Relations 40.00 0.00 X 216494 0 32793 Cheverine Gina MVP, Strategic Devl & Partnerships 40.00 0.00 X 198665 0 24583 Coates Steven Controller, Finance & Operations 29.00 11.00 X 143453 54960 27401 2731205 256673 357102 35 0 1 0 Your Strategy 365 LLC 4516 Reno Road NW Washington DC 20008 Consulting Services 210000 Mid-America Applied Technologies Corp 542 North Street Chagrin Falls OH 44022 Consulting Services 153700 The CJR Group Inc 33N Third St Suite 420 Columbus OH 43215 Consulting Services 150000 Cosgrove Jonhenry LLC 4144 Cloudberry Court Hilliard OH 43026 Advocacy Services 120122 Fathom SEO LLC 2020 Center St Cleveland OH 44113 Marketing Services 104113 5 25000 171300 196300 Membership Dues 823920 9186500 9186500 Program Revenue 900099 3306161 3233944 72217 12492661 899271 899271 175793 0 175793 175793 175793 2668261 2654313 13948 13948 13948 70639 70639 70639 13848612 12420444 72217 1159651 1765362 6467467 317043 739839 453946 14726 81745 216098 1364197 68728 231274 315098 235923 126526 799466 374296 93875 Sponsorships 1353659 Memberships 177640 585956 15782864 2184 1500 646322 1090406 3360919 727106 388888 333332 340146 441455 13502718 7063513 6542781 6439205 19967583 16841731 752128 1455256 2770180 5162563 34771131 32492554 2464125 1523075 2705863 2644693 752128 1455256 5922116 5623024 X 27534592 26421278 1314423 448252 28849015 26869530 34771131 32492554 -1934252 -45233 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 9186500 427094 -440846 -13752 367460 -381212 1075600 1075600 4318367 923650 3394717 6644937 5077554 1567383 1463814 1062309 401505 6439205 Investment in ACDF 1574073 C Investment in OCLF 2984827 C Investment in Jumpstart NextFund 603663 C 5162563 Deferred Compensation 1455256 1455256 X Part X, Line 2: The Greater Cleveland Partnership and its subsidiaries adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under this guidance, Greater Cleveland Partnership and its subsidiaries may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on technical merits of the position. At December 31, 2023 and 2022, management has evaluated the Organization's tax positions and has concluded that the Organization has taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with provisions of this guidance. GCP is not subject to tax examinations by tax authorities for the years ending December 31, 2020 and prior. X X X X X 0 1 0 Shah Baiju President & CEO 490327 51471 104699 10991 4415 463 14932 1567 31171 3272 645544 67764 0 0 Ittu Yvette EVP, Finance & Operations 304863 14833 39574 1926 34764 1692 31263 1521 24860 1210 435324 21182 30202 1470 McGann Martin EVP, Adv. & Strategic Initiatives 279341 0 35700 0 1946 0 13562 0 34513 0 365062 0 0 0 Luteran John MVP, Finance, Ops & Air Service 189242 73011 17679 6821 3365 1298 10718 4135 18812 7258 239816 92523 0 0 Federico Paul Managing VP, Revenue 225521 0 21300 0 3785 0 12717 0 27340 0 290663 0 0 0 Kim Megan SVP, Member Development & Marketing 200553 35392 20230 3570 1389 245 10577 1866 8166 1441 240915 42514 0 0 Binnig Cindy VP, Finance & Investor Relations 192743 0 22400 0 1351 0 10189 0 22604 0 249287 0 0 0 Coates Steven Controller, Finance & Operations 127043 48672 14315 5485 2095 803 7376 2826 12435 4764 163264 62550 0 0 Cheverine Gina MVP, Strategic Devl & Partnerships 180501 0 16200 0 1964 0 9681 0 14902 0 223248 0 0 0 Schoop Michael SVP, Equity and Inclusion 190749 0 0 0 3151 0 3006 0 8418 0 205324 0 0 0 Part I, Line 4b The Executive Vice President of Finance and Operations, Yvette Ittu, participates in a supplemental non-qualified 457(f) plan. In 2023, Greater Cleveland Partnership contributed $26,386 to her 457(f) plan. Form 990, Part IV, Line 12 Audited Financial Statements: The financial statements and related statements of activities, functional expenses, and cash flows of Greater Cleveland Partnership (GCP) were audited on a consolidated basis. The consolidated statements include GCP and its three (3) related organizations. Refer to Form 990 Schedule R for details of the related organizations. Form 990, Part VI, Section A, line 6 In addition to the organization's governing body itself, acting in such capacity, GCP has two types of voting members - "Regular Members and "Emeritus Members" - who have the right to elect or appoint one or more members of the organization's governing body, whether periodically, as vacancies arise, or otherwise. In addition, the Board Chair alone has the right to appoint certain directors and board liaisons. Rights of "Regular Members" include: 1) Call Special Meetings 2) Add agenda items and bring business before a meeting of the Members 3) Nominate representatives as a candidate for Director 4) Receive from the Chair of the Board at the annual meeting a review of the activities of the Corporation 5) Cast one vote in person, by proxy or by mail on each matter properly submitted for a vote to the Members, including electing the Board of Directors 6) Form a Community of Interest 7) Waive notice of a meeting by written waiver or attendance 8) Take any action in writing that could be taken at a meeting of the Members 9) Dissolve the Corporation Rights of "Emeritus Members" include: 1) Same as "Regular Members" Rights of the GCP Board Chair include the ability to appoint Special Directors and Liaisons upon recommendation of the Nominating Committee. These appointments consist of: 1) Past Chair. A past Chairman of the Corporation may be appointed as a special Director based upon past service as Chairman, upon recommendation of the Nominating Committee. A Past Chair may serve on the Board in such capacity as long as he or she remains actively employed as the highest ranking official, partner or member within the Cleveland office of the Member by which the Past Chair was employed while serving as Chairman of the Corporation. While a Past Chair is a member of the Board of Directors, he or she shall be the sole Corporation Director representative of the Member company or institution with which he or she is affiliated. Past Chairs shall have voting privileges and be counted for quorum purposes. 2) Federal Installation Liaisons. The highest-ranking official within the Cleveland installation of each Federal Installation shall be appointed as a Federal Installation Liaison to the Board. Such Liaison shall have no voting rights or fiduciary responsibilities to the Corporation. 3) Other Non-Voting Directors. Appointment of certain non-voting directors for a term of one year shall be permitted. Such Non-Voting Director shall be the highest-ranking employee of a Member, or the approved designee pursuant to Article IV, Section 2(i)(c), and have no voting rights or fiduciary responsibilities to the Corporation. 4) Emeritus Directors. Appointment of Emeritus Directors shall be permitted. An Emeritus Director shall be a Past Chair who has served the Corporation with distinction and is retired or otherwise separated from the Member with which he or she was employed at the time he or she was first elected as Chairman of the Corporation. Emeritus Directors shall have voting privileges and be counted for quorum purposes. Form 990, Part VI, Section A, line 7a Refer to line 6 explanation above. Form 990, Part VI, Section A, line 7b Refer to line 6 explanation above. Form 990, Part VI, Section B, line 11b Finance staff in conjunction with tax preparers compiles the information needed to complete the Form 990. Upon completion, Finance management conducts a detailed review of the return and makes final adjustments if necessary. The returns are provided to the Audit/Finance and Executive Committees for review and comment. The final version of the Form 990 is given electronically and/or by hard copy to each board member for review prior to submission. Form 990, Part VI, Section B, line 12c The board of Directors and staff of the GCP are expected to maintain the highest ethical standards in conducting the business of the GCP. The board and staff conflict of interest policies are intended to provide clear guidance to ensure that the GCP's business is conducted with integrity, and in compliance with all applicable laws, and in a manner that excludes considerations of personal advantage or gain. All board and staff members shall annually receive a reminder of their agreement to comply with the policy and sign a declaration indicating their acceptance. Board members self-identify and disclose potential conflicts. Additionally, staff research and identify other additional potential conflicts of board members. This information is shared with disinterested members of the GCP Executive Committee who formally vote to waive specific conflicts. Any violation of the board policy will subject a board member to appropriate action, up to and including, removal from the board. When questions arise concerning any aspect of this policy, board members are encouraged to contact the board chair. Violations of this policy should be reported to the board chair or the confidential and independent 24-hour helpline provider, NAVEX Global, Inc. The disinterested members of the GCP Executive Committee shall make a determination as to whether a conflict exists and what subsequent action, if any, is appropriate. The GCP Executive Committee shall inform the Board of such determination and action. The Board shall retain the right to modify or reverse such determination and action, and shall retain the ultimate enforcement authority with respect to the interpretation and application of this policy. The CEO, or his/her designee shall make a determination regarding staff members as to whether a conflict exists and what subsequent action, if any, is appropriate. Any violation of the staff policy will subject the employee to discipline, up to and including, immediate discharge. When questions arise concerning any aspect of this policy, or to report violations, employees should contact the human resources department or the confidential and independent 24-hour helpline provider, NAVEX Global, Inc. Form 990, Part VI, Section B, line 15 Salaries of all staff have been subjected to review by a compensation committee created by the Greater Cleveland Partnership. The committee's responsibilities include approving compensation for employees of the organization including the President/CEO. An annual performance evaluation process is conducted for all employees. Compensation for all employees is evaluated against the market. The compensation committee utilizes the resources of an independent consulting firm in the evaluation process to provide local and national compensation comparable data. The results of the latest survey (GCP Executive Compensation Study - February 2020) provided that direct pay and indirect pay programs reflect market medians. All compensation and benefits information reported on this return is paid by the Greater Cleveland Partnership (GCP) to employees of that organization who split their time among GCP and several related organizations. Allocations have been made between the filing organization and two related organizations to, more accurately, report compensation and benefit expenses applicable to each organization. Form 990, Part VI, Section C, line 19 A copy of the governing documents, conflict of interest policy and financial statements are available upon request for the same period of disclosure as set forth in IRC Section 6104(D). Form 990, Part XII, Financial Statements and Reporting: Committee for oversight of audit and independent accountant selection: The organization has a committee that is responsible for oversight of the audit and selection of independent accountants. The process has not changed from the prior year. GCP Real Estate Holdings LLC 1240 Huron Road E Suite 300 Cleveland OH 44115 821975915 Real Estate Holding Company OH 0 5353043 Greater Cleveland Partnership Cleveland Development Foundation 1240 Huron Road E Suite 300 Cleveland OH 44115 346528498 To develop & improve Cleveland's Civic visions. OH 501(c)(3) Line 7 Greater Cleveland Partnership 1 Economic Growth Foundation 1240 Huron Road E Suite 300 Cleveland OH 44115 341916518 To promote & enhance civic, economic, and cultural growth. OH 501(c)(3) Line 7 Greater Cleveland Partnership 1 Opportunity Cle Loan Fund LLC 1240 Huron Road Ste 300 Cleveland OH 44115 384126152 Investments OH Greater Cleveland Partnership 15685 3015685 0 0 0.09230 Advance Cleveland Development Fund 1240 Huron Road Ste 300 Cleveland OH 44115 461061063 Private sector financing for real estate projects OH Greater Cleveland Partnership 66198 1793166 0 0 0.04270 Jumpstart Next Fund LLC 6701 Carnegie Ave Suite 100 Cleveland OH 44103 273815350 Investments in entry stage businesses OH Greater Cleveland Partnership -40328 372232 0 0 0.04210 Group Services Inc 1240 Huron Road E Suite 300 Cleveland OH 44115 341402329 Small bus access to affordable/quality group insurance. OH Greater Cleveland Partnership C 1079456 2069277 1.00000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 1 1 1 Group Services Inc N 31761 Economic Growth Foundation N 298438 Group Services Inc O 253116 Economic Growth Foundation O 1616637 Economic Growth Foundation R 1533000 Group Services Inc R 245765