2021-05-13T21:19:31-05:00 2020-06-30 861065772 DELOITTE TAX LLP 111 MONUMENT CIRCLE SUITE 4200 INDIANAPOLIS IN 462045108 990 2019-07-01 201255734 JOBSOHIO BEVERAGE SYSTEM JOBS 6142246446 41 SOUTH HIGH STREET NO 1500 COLUMBUS OH 432156104 JP NAUSEEF PRESIDENT 6142246446 2021-05-13 1 SHAWNA M SUNBURY P01222873 3174648600 2019 2022-09-23 18:48:47Z JP NAUSEEF 41 SOUTH HIGH STREET NO 1500 COLUMBUS OH 432156104 1440445995 0 X N/A X 2004 OH TO LESSEN THE BURDENS OF GOVERNMENT OF THE STATE OF OHIO BY PROVIDING GRANTS TO JOBSOHIO TO CARRY OUT ITS JOB CREATION AND OTHER ECONOMIC DEVELOPMENT TAX-EXEMPT ACTIVITIES AND CARRY OUT THE FUNCTIONS OF CHAPTER 4313, OHIO REVISED CODE. 5 3 0 3 0 0 0 0 0 0 6571634 2428241 530714512 594089544 537286146 596517785 350000000 255000000 0 0 0 0 0 0 0 313354068 359326890 663354068 614326890 -126067922 -17809105 1355585503 1336194278 1467180519 1465598399 -111595016 -129404121 X TO LESSEN THE BURDENS OF GOVERNMENT OF THE STATE OF OHIO BY PROVIDING GRANTS TO JOBSOHIO TO CARRY OUT ITS JOB CREATION AND OTHER ECONOMIC DEVELOPMENT TAX-EXEMPT ACTIVITIES AND CARRY OUT THE FUNCTIONS OF CHAPTER 4313, OHIO REVISED CODE. 0 0 308956768 594089544 OPERATION OF SPIRITUOUS LIQUOR FRANCHISE TO LESSEN THE BURDENS OF GOVERNMENT. 255000000 255000000 RESTRICTIVE GRANTS TO JOBSOHIO TO SUPPORT JOBSOHIO'S ECONOMIC DEVELOPMENT ACTIVITIES. 750 OTHER PROGRAM EXPENSES INCLUDES MINIMAL MISCELLANEOUS EXPENSES. 750 563957518 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 1 1 0 0 0 0 0 0 0 0 0 1 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 1 102 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 3 0 0 0 0 1 1 0 1 1 0 0 1 1 1 1 0 1 0 0 0 X X BRIAN FAUST 6142246446 41 S HIGH STREET SUITE 1500 COLUMBUS OH 43215 JOHN MINOR FORMER OFFICER 0.00 0.00 X 0 420346 15015 JP NAUSEEF PRESIDENT 1.00 40.00 X X 0 274403 30174 DONELL GRUBBS SECRETARY (BEGIN 8/19) 1.00 40.00 X 0 253793 20285 KEVIN A GIANGOLA BOARD MEMBER 1.00 0.00 X 0 121862 7385 BRIAN FAUST CHIEF FINANCIAL OFFICER 1.00 40.00 X 0 118223 20686 ROBERT C SMITH CHAIRMAN 1.00 1.00 X X 0 0 0 BETTY MONTGOMERY BOARD MEMBER 1.00 0.00 X 0 0 0 THEODORE L ADAMS BOARD MEMBER 1.00 0.00 X 0 0 0 0 1188627 93545 0 1 1 0 DHL SUPPLY CHAIN 4639 COLLECTIONS CENTER DRIVE CHICAGO IL 60693 OPERATIONAL 19413304 OHIO DEPT OF COMMERCE DIV OF LIQUOR C 6606 TUSSING RD REYNOLDSBURG OH 43068 OPERATIONAL 12833455 KROGER CO PO BOX 305103 NASHVILLE TN 37230 SALES 10603298 TAMARKIN COMPANY INC 101 KAPPA DR PITTSBURGH PA 15238 SALES 7149569 THE GREENTREE GROUP INC 1360 TECHNOLOGY COURT SUITE 100 BEAVERCREEK OH 45430 OPERATIONAL 5358728 178 2428241 2428241 1430209968 843928210 586281758 586281758 DISTRIBUTION CNTR REV. 493000 7807786 7807786 7807786 596517785 594089544 0 2428241 X 255000000 255000000 7988564 7988564 52853 14912 37941 215047 215047 7888713 7888713 33037 33037 96146 96146 73019 73019 3665196 3665196 48472460 48472460 55499610 55499610 402988 402988 COMMISSION EXPENSE 91622094 91622094 SUPPLEMENTAL PMT. EXP. 71217859 71217859 LIQUOR GALLONAGE TAX 54034106 54034106 SERVICE FEES 16104311 16104311 1960887 198062 1762825 614326890 563957518 50369372 0 21181606 17107087 218374847 210786920 1922754 44167415 84669105 87828632 2568667 4667353 1659113 574303 1124967 1084810 1025743557 970552061 1355585503 1336194278 108028951 160136076 430912332 19853537 909765000 1262890000 18474236 22718786 1467180519 1465598399 X 0 0 0 0 -111595016 -129404121 -111595016 -129404121 1355585503 1336194278 -17809105 0 X 0 1 X 0 0 X 1051437549 1102484540 1193279130 1284817421 1438017754 6070036394 1051437549 1102484540 1193279130 1284817421 1438017754 6070036394 0 0 0 6070036394 591079 1034417 3304869 6571634 2428241 13930240 591079 1034417 3304869 6571634 2428241 13930240 1052028628 1103518957 1196583999 1291389055 1440445995 6083966634 0.99770 0.99790 0.00230 0.00210 X 1621063 572749 1048314 38050 1554 36496 1084810 ACCRUED INTEREST ON NOTE PAYABLE 22413253 INTERCOMPANY PAYABLE 305533 22718786 1438017754 843928210 843928210 594089544 2428241 2428241 596517785 1455826859 843928210 843928210 611898649 2428241 2428241 614326890 PART XI, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 843,928,210. PART XI, LINE 4B - OTHER ADJUSTMENTS: NON OPERATING INVESTMENT INCOME 2,428,241. PART XII, LINE 2D - OTHER ADJUSTMENTS: COST OF GOODS SOLD 843,928,210. PART XII, LINE 4B - OTHER ADJUSTMENTS: NON OPERATING INVESTMENT INCOME 2,428,241. 1 JOBSOHIO 41 SOUTH HIGH STREET COLUMBUS OH 43215 452798687 501(C)(4) 255000000 ECONOMIC DEVELOPMENT 0 1 PART I, LINE 2: GRANTS ISSUED BY JOBS DURING THE TAX YEAR WERE ISSUED TO JOBSOHIO AND WERE RESTRICTED TO USE FOR THE LAWFUL PURPOSES FOR WHICH JOBSOHIO WAS ESTABLISHED, I.E., PROMOTION OF ECONOMIC DEVELOPMENT, JOB CREATION, JOB RETENTION, JOB TRAINING, WORKFORCE DEVELOPMENT, AND THE RETENTION OF CURRENT AND RECRUITMENT OF NEW BUSINESS TO THE STATE OF OHIO. 0 0 0 0 0 0 0 0 0 JOHN MINOR FORMER OFFICER 0 105261 0 315000 0 85 0 8400 0 6615 0 435361 0 0 JP NAUSEEF PRESIDENT 0 273989 0 0 0 414 0 8077 0 22097 0 304577 0 0 DONELL GRUBBS SECRETARY (BEGIN 8/19) 0 201493 0 51500 0 800 0 10104 0 10181 0 274078 0 0 BRIAN FAUST CHIEF FINANCIAL OFFICER 0 117931 0 200 0 92 0 3047 0 17639 0 138909 0 0 PART I, LINE 3 JOBSOHIO BEVERAGE SYSTEM DOES NOT HAVE ANY EMPLOYEES. HOWEVER, JOBSOHIO, A RELATED ORGANIZATION OF JOBSOHIO BEVERAGE SYSTEM, USES THE FOLLOWING TO ESTABLISH THE COMPENSATION OF THE ORGANIZATION'S TOP MANAGEMENT OFFICIALS: - COMPENSATION COMMITTEE - INDEPENDENT COMPENSATION CONSULTANT - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD COMPENSATION COMMITTEE A JOBSOHIO BEVERAGE SYSTEM ON BEHALF OF THE STATE OF OHIO 201255734 47770VAK6 2013-02-01 464453357 ECONOMIC DEVELOPMENT 1 1 0 A 53820000 335970000 466495215 241738 1530754 91236978 362680865 10804880 1 1 0 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 0 0 1 0 0 0 1 1 A 1 PART IV, LINE 2: NO FORMAL REBATE CALCULATION WAS PREPARED UNTIL JULY 8, 2020. UP TO THAT TIME, AN ANALYSIS WAS MADE ANNUALLY OF THE INTEREST RATES EARNED BY THE STATE INVESTMENT POOL IN WHICH THE UNSPENT BOND PROCEEDS WERE HELD AND INVESTED AND COMPARED TO THE 3.13% YIELD ON THE SERIES 2013A BONDS. IN NO MONTH SINCE THE SERIES 2013A BONDS WERE ISSUED HAS THE INVESTMENT YIELD ON THE INVESTED UNSPENT PROCEEDS EXCEEDED THE YIELD ON THE SERIES 2013A BONDS. PART IV, LINE 6: BEYOND THE TEMPORARY PERIOD, ANY UPSPENT GROSS PROCEEDS OF THE SERIES 2013A WERE ALWAYS INVESTED AT A YIELD LESS THAN THE YIELD ON THE SERIES 2013A BONDS. FORM 990, PART VI, SECTION A, LINE 6 AS SPECIFIED IN THE ARTICLES OF INCORPORATION, JOBS IS A MEMBERSHIP ORGANIZATION. THE SOLE MEMBER OF THE CORPORATION IS JOBSOHIO, A NON-PROFIT CORPORATION FORMED UNDER CHAPTERS 1702 AND 187 OF THE OHIO REVISED CODE. JOBSOHIO IS A 501(C)(4) ORGANIZATION FORMED TO PROMOTE ECONOMIC DEVELOPMENT, JOB CREATION, JOB RETENTION, JOB TRAINING, AND THE RECRUITMENT OF BUSINESS TO THE STATE OF OHIO. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER OF JOBSOHIO BEVERAGE SYSTEM IS JOBSOHIO. THE BOARD OF DIRECTORS OF JOBSOHIO HAS THE ABILITY TO ELECT MEMBERS OF THE GOVERNING BODY OF JOBSOHIO BEVERAGE SYSTEM. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS SUBMITTED TO THE CHIEF FINANCIAL OFFICER FOR REVIEW. SUBSEQUENT TO HIS APPROVAL, IT IS SUBMITTED TO THE PRESIDENT FOR REVIEW AND APPROVAL. COPIES OF THE FORM 990 ARE PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING THE RETURN. ADDITIONALLY, JOBS EMPLOYS DELOITTE TO REVIEW THE RETURN AND PROVIDE GUIDANCE IN IDENTIFYING ERRORS IN THE RETURN SUBMISSION AND FEEDBACK ON QUANTITATIVE AND QUALITATIVE RESPONSES. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL DISCLOSURE: ANNUALLY, EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON HAS RECEIVED A COPY OF THE CONFLICTS OF INTEREST POLICY; HAS READ AND UNDERSTANDS THE POLICY; HAS AGREED TO COMPLY WITH THE POLICY; AND, UNDERSTANDS THAT THE CORPORATION IS A TAX-EXEMPT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. PERIODIC REVIEWS: TO ENSURE THAT THE CORPORATION OPERATES IN A MANNER CONSISTENT WITH ITS NONPROFIT PURPOSES AND THAT IT DOES NOT ENGAGE IN ACTIVITIES THAT COULD JEOPARDIZE ITS STATUS AS AN ORGANIZATION EXEMPT FROM FEDERAL INCOME TAX, PERIODIC REVIEWS SHALL BE CONDUCTED. THE PERIODIC REVIEWS SHALL, AT A MINIMUM, INCLUDE THE FOLLOWING SUBJECTS: 1. WHETHER COMPENSATION ARRANGEMENTS AND BENEFITS ARE REASONABLE AND ARE THE RESULT OF ARM'S LENGTH BARGAINING. 2. WHETHER PARTNERSHIP AND JOINT VENTURE ARRANGEMENTS OF THE CORPORATION CONFORM TO WRITTEN POLICIES, ARE PROPERLY RECORDED, REFLECT REASONABLE PAYMENTS FOR GOODS AND SERVICES, FURTHER THE CORPORATION'S CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT OR IMPERMISSIBLE PRIVATE BENEFIT. 3. WHETHER AGREEMENTS WITH VENDORS, SERVICE PROVIDERS AND OTHER THIRD PARTIES FURTHER THE CORPORATION'S CHARITABLE PURPOSES AND DO NOT RESULT IN INUREMENT OR IMPERMISSIBLE PRIVATE BENEFIT. DUTY TO DISCLOSE: IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICTS OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF COMMITTEES WITH BOARD DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTION OR ARRANGEMENT. DETERMINING WHETHER A CONFLICT OF INTEREST EXISTS: AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE/SHE SHALL LEAVE THE BOARD OR COMMITTEE MEETINGS WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. IF NO CONFLICT OF INTEREST EXISTS, THE INTERESTED PERSON MAY PARTICIPATE IN A DISCUSSION OF AND VOTE ON THE TRANSACTION OR ARRANGEMENT IN QUESTION. IF A CONFLICT OF INTEREST DOES EXIST, THE PROCEDURES DETAILED BELOW SHALL BE FOLLOWED. PROCEDURES FOR ADDRESSING THE CONFLICT OF INTEREST: 1. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE/SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT THAT RESULTS IN THE CONFLICT OF INTEREST. 2. THE CHAIRMAN OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. 3. AFTER EXERCISING DUE DILIGENCE, THE BOARD OR COMMITTEE SHALL DETERMINE WHETHER THE CORPORATION CAN OBTAIN A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT WITH REASONABLE EFFORTS FROM A PERSON OR ENTITY THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST. 4. IF A MORE ADVANTAGEOUS TRANSACTION OR ARRANGEMENT IS NOT REASONABLY ATTAINABLE UNDER CIRCUMSTANCES THAT WOULD NOT GIVE RISE TO A CONFLICT OF INTEREST, THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE CORPORATION'S BEST INTEREST AND FOR ITS OWN BENEFIT AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE CORPORATION AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. FORM 990, PART VI, SECTION C, LINE 18 A COPY OF THE 990 IS ALSO PROVIDED TO THE OHIO DEVELOPMENT SERVICES AGENCY. FORM 990, PART VI, SECTION C, LINE 19 THE CORPORATION'S ARTICLES OF INCORPORATION ARE FILED WITH THE OFFICE OF THE OHIO SECRETARY OF STATE AND ARE A MATTER OF PUBLIC RECORD AVAILABLE ONLINE. THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 24B: SUPPLEMENTAL PAYMENT EXPENSE IS REFERRED TO IN THE FRANCHISE TRANSFER AGREEMENT DATED FEBRUARY 1, 2013 AS THE DEFERRED PAYMENT AND IS DEFINED AS SUPPLEMENTAL PAYMENTS TO THE STATE OF OHIO BASED UPON A FORMULA SPECIFIED IN THAT AGREEMENT. JOBSOHIO BEVERAGE SYSTEM IS REQUIRED TO MAKE A CASH PAYMENT TO THE STATE THAT IS CALCULATED BASED ON THE SPECIFIED FORMULA. JOBSOHIO 41 S HIGH STREET SUITE 1500 COLUMBUS OH 43215 452798687 ECONOMIC DEVELOPMENT OH 501(C)(4) N/A 0 0 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 0 0 0 JOBSOHIO B 255000000 CASH JOBSOHIO M 7235270 REVENUE JOBSOHIO P 6358131 COST