ECONOMIC GROWTH FOUNDATION: Form 990, tax year 2019
View the entire original 990 at ProPublica ↗
- Organization
- ECONOMIC GROWTH FOUNDATION (EIN 34-1916518)
- Tax period
- 2019-01-01 to 2019-12-31
- Filed
- 2020-11-12
- IRS object ID
- 202043179349304964
- Schema version
- 2019v5.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2020-11-12T13:04:12-06:00 | ReturnTs |
| Tax Period End | 2019-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1 S Wacker Drive Ste 800 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 60606 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2019-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 341916518 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Economic Growth Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ECON | BusinessNameControlTxt |
| Phone | 2165922210 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1240 Huron Road E No 300 | AddressLine1Txt |
| City | Cleveland | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44115 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Yvette M Ittu | PersonNm |
| Person Title | Exec VP - Finance & Operations | PersonTitleTxt |
| Phone | 2166213300 | PhoneNum |
| Signature | 2020-11-10 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Rebekuh Eley | PreparerPersonNm |
| PTIN | P01247672 | PTIN |
| Phone | 3126343400 | PhoneNum |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 73.8.113.85 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2020-11-10 | IPDt |
| IP Tm | 14:51:27 | IPTm |
| IP Timezone | CS | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 26672702914E5EE26F48E546FB914E7C8585E092 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2019 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Joseph D Roman | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1240 Huron Road E No 300 | AddressLine1Txt |
| City | Cleveland | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44115 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $2,233,236 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1997 | FormationYr |
| Legal Domicile State | OH | LegalDomicileStateCd |
| Activity Or Mission | To promote and advance the civic, economic, and cultural growth of Greater Cleveland. | ActivityOrMissionDesc |
| Voting Members Governing Body | 19 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 19 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 21 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,673,604 | PYContributionsGrantsAmt |
| CY Contributions Grants | $1,230,182 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $1,076,584 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $966,167 | CYProgramServiceRevenueAmt |
| PY Investment Income | $25,991 | PYInvestmentIncomeAmt |
| CY Investment Income | $36,887 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $2,776,179 | PYTotalRevenueAmt |
| CY Total Revenue | $2,233,236 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $961,271 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,138,507 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $553,865 | PYOtherExpensesAmt |
| CY Other Expenses | $1,211,002 | CYOtherExpensesAmt |
| PY Total Expenses | $1,515,136 | PYTotalExpensesAmt |
| CY Total Expenses | $2,349,509 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $1,261,043 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$116,273 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $12,652,814 | TotalAssetsBOYAmt |
| Total Assets EOY | $12,875,482 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $55,965 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $394,906 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $12,596,849 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $12,480,576 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | To promote and advance the civic, economic, and cultural growth of Greater Cleveland as a place to live, work, and conduct business. | MissionDesc |
| Significant New Program Srvc | Yes (1) | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,546,204 | ExpenseAmt |
| Revenue | $966,167 | RevenueAmt |
| Desc | The Equity & Inclusion division, formerly the Commission on Economic Inclusion, has been working since 2001 to close the racial disparities in jobs, income and wealth, by growing businesses owned by people of color and increasing workforce diversity, equity and inclusion. Ultimately, this work is fueled by the belief that businesses and the region are stronger with greater racial equity.Acting as a convener, an advocate, and a resource, GCP's Equity & Inclusion engages the region's employers to address the systemic racial inequalities which hinder economic growth in our region. Hundreds of professionals, top leaders, volunteers, businesses, and community organizations are engaged with GCP's Equity & Inclusion each year to accomplish these goals.Equity & Inclusion has focused on two parallel and equally important areas: growing businesses owned by people of color and increasing workforce diversity, equity and inclusion through high-quality and effective initiatives, workshops, conferences, and consulting to stimulate minority business growth and increase workforce inclusion. Clients include executives, chief procurement officers, diversity and human resource professionals, small and minority-owned businesses, and regional and national economic development organizations. Some of the major accomplishments this year include:The Equity & Inclusion (E&I) division completed a planning process to develop strategies that answer the question, "How can racially equitable economic development grow our region?" With the support of a taskforce of board members and community leaders, the E&I division developed three strategies, one of which is CommitCLE.CommitCLE: CommitCLE is a comprehensive initiative to facilitate significant growth for minority business enterprises (MBEs). Through this work, a cohort of companies made a commitment to increase supplier diversity spend targeted at growth-oriented minority firms. These companies will:- Grow local and diverse spend - Mentor 2-3 MBE Firms- Utilize The Marketplace to source MBEs and promote opportunitiesCommitCLE is also supported by the Inclusion Marketplace, an online portal connecting MBEs with demand for goods and services. On the supply side, MBEs promote their goods/services, find business opportunities, and bid on work. On the demand side, buyers can post opportunities and source suppliers to diversify their vendor-base. Additionally, the portal connects MBEs to resources, capital, and outreach events. This initiative will close the gap between supply and demand to increase the number of scalable MBEs. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $250,000 | ExpenseAmt |
| Desc | The Cleveland Innovation Project is an initiative used and GCP has led to stimulate innovation to drive inclusive economic growth in the Greater Cleveland area.Cleveland Innovation Project (CIP): GCP and our partners launched the Cleveland Innovation Project (CIP) through collaboration with the Cleveland Foundation, Fund for Our Economic Future, JumpStart and TeamNEO. The CIP is supported by a Steering Committee and Workstream Teams of more than 100 business, entrepreneurial, institutional, and nonprofit leaders - including many GCP members. GCP led this collaborative work through much of 2019.CIP Scope: The CIP's focus is to set Cleveland on a trajectory of sustained, rapid economic growth through focused investments in innovation sectors where we have differentiated assets and there is national or global demand. CIP leverages growth through inclusive techniques to close disparities and make Cleveland the leader in minority-led innovation. CIP supports these sector initiatives by strengthening the innovation ecosystem through encouraging applied research and spinouts, boosting digital and technical talent development and attraction programs, and launching a continuum of private funds to seed and scale companies. Accelerating the innovation economy offers Cleveland an opportunity to compound the impact of revitalization investments that have been and continue to be made throughout our community. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $194,364 | ExpenseAmt |
| Desc | Workforce Development & Education:The Greater Cleveland Partnership is committed to working with its partners in the public and private sectors to ensure that Northeast Ohio creates, attracts and retains a 21st century workforce. As a 501(c)(3), the Economic Growth Foundation supports all of GCP's above Talent initiatives and outcomes that leverage restricted philanthropic dollars. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)
| ExpenseExpenseAmt | DescDesc |
|---|---|
| $100,000 | GCP focuses heavily on attracting, retaining, and expanding in the Greater Cleveland area. CDA Chain Reaction was created to drive investment, development, and business support to targeted neighborhoods and communities. GCP and CDA are joint ventures in CDA Chain Reaction.CDA Chain Reaction: To promote inclusive and thriving neighborhoods in Northeast Ohio by providing innovative financing solutions and technical assistance to catalytic real estate and business development projects. |
| $99,313 | The GCP Advocacy Team understands the legislative processes and how the results can impact business. We work in close collaboration with our members to ensure their needs are heard at the local, state, and federal levels of government and we generate support for meaningful change on their behalf. We were able to meet our members needs through the Great Lakes Metro Chamber. Great Lakes Metro Chamber: The Great Lakes Metro Chambers Coalition is a collective of chambers of commerce across the Great Lakes region that jointly advocate on core policy issues, including water quality, immigration reform, trade, and transportation and infrastructure. Since its founding in 2008, the coalition has become a leading and effective voice on federal policy impacting the Great Lakes region. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $199,313 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $2,189,881 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 17 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 19 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 19 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | John Luteran | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2166213300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1240 Huron Road E No 300 | AddressLine1Txt |
| City | Cleveland | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44115 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (29 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd |
|---|---|---|---|---|---|---|---|---|---|
| Roman Joseph | |||||||||
| President | 3.00 | 37.00 | Yes (X) | $71,437 | $621,454 | $279,086 | |||
| Ittu Yvette | |||||||||
| EVP Finance & Operations | 1.00 | 39.00 | Yes (X) | $5,833 | $349,833 | $57,041 | |||
| Hall Brian | |||||||||
| ED, GCP Equity & Inclusion | 40.00 | 0.00 | $261,504 | $0 | $35,202 | Yes (X) | |||
| Luteran John | |||||||||
| VP - Finance | 1.00 | 39.00 | $7,325 | $250,593 | $35,094 | Yes (X) | |||
| Marbury Shana | |||||||||
| General Counsel | 1.00 | 39.00 | $4,950 | $262,576 | $20,639 | Yes (X) | |||
| Cheverine Gina | |||||||||
| MGVP, Inclusion & Strategic Prtnrshp | 40.00 | 0.00 | $158,857 | $0 | $30,522 | Yes (X) | |||
| Coates Steven | |||||||||
| Controller Finance & Operations | 3.00 | 37.00 | $10,615 | $147,821 | $21,486 | Yes (X) | |||
| Nance Chris | |||||||||
| VP, Construction & Inclusive Talent Initiatives | 40.00 | 0.00 | $104,536 | $0 | $5,801 | Yes (X) | |||
| Chaikin Scott | |||||||||
| Chair | 2.00 | 4.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| DiRocco Joe | |||||||||
| Treasurer | 2.00 | 4.00 | Yes (X) | $0 | $0 | $0 | Yes (X) | ||
| Arnold Craig | |||||||||
| Director | 1.00 | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| Chiricosta Richard | |||||||||
| Director | 1.00 | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| Clark Paul | |||||||||
| Director, Left as of 4/11/19 | 1.00 | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| Johnson Kevin | |||||||||
| Director, as of 1/1/19 | 1.00 | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| Lopez Joe | |||||||||
| Director | 1.00 | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| Mooney Beth | |||||||||
| Director | 1.00 | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| Morikis John | |||||||||
| Director | 1.00 | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| Nance Frederick | |||||||||
| Director | 1.00 | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| Read Deborah | |||||||||
| Director | 1.00 | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| Richardson Sean | |||||||||
| Director, as of 1/1/19 | 1.00 | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| Safier Rion | |||||||||
| Director | 1.00 | 1.00 | $0 | $0 | $0 | Yes (X) | |||
| Schnur Eric | |||||||||
| Director, as of 1/1/19 | 1.00 | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| Snyder Barbara | |||||||||
| Director | 1.00 | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| Stanek Michael | |||||||||
| Director | 1.00 | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| Taylor Jr Eddie | |||||||||
| Director | 1.00 | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| Toerek Sharon | |||||||||
| Director, Left as of 6/13/19 | 1.00 | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| Williams Thomas | |||||||||
| Director | 1.00 | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| Young John | |||||||||
| Director | 1.00 | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| Zenty Thomas | |||||||||
| Director | 1.00 | 2.00 | $0 | $0 | $0 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $625,057 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,632,277 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $484,871 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 4 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (2 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| McKinsey & Company Inc | |||||
| 950 Main Avenue 1200 | Cleveland | OH | 44113 | Consulting Services | $250,000 |
| Vertex Computer Systems | |||||
| 25700 Science Park Drive 280 | Beachwood | OH | 44122 | Web Services | $129,261 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 2 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $51,250 | GovernmentGrantsAmt |
| All Other Contributions | $1,178,932 | AllOtherContributionsAmt |
| Total Contributions | $1,230,182 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Intercompany Sponsorsh | 813410 | $581,329 | $581,329 |
| Cleve Dev Ptrshp II | 523900 | $359,166 | $359,166 |
| Registration Revenue | 900099 | $25,672 | $25,672 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $966,167 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $36,887 | TotalRevenueColumnAmt |
| Exclusion | $36,887 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $2,233,236 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $966,167 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $36,887 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $387,277 | TotalAmt |
| Program Services | $369,923 | ProgramServicesAmt |
| Management And General | $17,354 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $571,726 | TotalAmt |
| Program Services | $502,953 | ProgramServicesAmt |
| Management And General | $68,773 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $19,569 | TotalAmt |
| Program Services | $17,182 | ProgramServicesAmt |
| Management And General | $2,387 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $91,865 | TotalAmt |
| Program Services | $82,154 | ProgramServicesAmt |
| Management And General | $9,711 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $68,070 | TotalAmt |
| Program Services | $61,533 | ProgramServicesAmt |
| Management And General | $6,537 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,550 | TotalAmt |
| Management And General | $4,550 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $849,236 | TotalAmt |
| Program Services | $819,833 | ProgramServicesAmt |
| Management And General | $29,403 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,702 | TotalAmt |
| Program Services | $5,036 | ProgramServicesAmt |
| Management And General | $3,666 | ManagementAndGeneralAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $70,652 | TotalAmt |
| Program Services | $62,880 | ProgramServicesAmt |
| Management And General | $7,772 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,084 | TotalAmt |
| Program Services | $1,404 | ProgramServicesAmt |
| Management And General | $1,680 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,525 | TotalAmt |
| Program Services | $35,188 | ProgramServicesAmt |
| Management And General | $5,337 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,061 | TotalAmt |
| Program Services | $22,061 | ProgramServicesAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $43,430 | TotalAmt |
| Program Services | $43,265 | ProgramServicesAmt |
| Management And General | $165 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,875 | TotalAmt |
| Program Services | $5,216 | ProgramServicesAmt |
| Management And General | $659 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Sponsorships | $152,489 | $152,312 | $177 |
| Memberships | $1,441 | $253 | $1,188 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,957 | TotalAmt |
| Program Services | $8,688 | ProgramServicesAmt |
| Management And General | $269 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,349,509 | TotalAmt |
| Program Services | $2,189,881 | ProgramServicesAmt |
| Management And General | $159,628 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $191,638 | BOYAmt |
| EOY | $512,817 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,630,000 | BOYAmt |
| EOY | $1,510,000 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $152,500 | BOYAmt |
| EOY | $0 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $469,532 | BOYAmt |
| EOY | $292,405 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,000 | BOYAmt |
| EOY | $50,000 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,783 | BOYAmt |
| EOY | $9,733 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,089,726 | BOYAmt |
| EOY | $10,448,892 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,635 | BOYAmt |
| EOY | $51,635 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,652,814 | BOYAmt |
| EOY | $12,875,482 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $21,030 | BOYAmt |
| EOY | $17,862 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $34,935 | BOYAmt |
| EOY | $149,406 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $227,638 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,965 | BOYAmt |
| EOY | $394,906 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,506,376 | BOYAmt |
| EOY | $10,664,146 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,090,473 | BOYAmt |
| EOY | $1,816,430 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,596,849 | BOYAmt |
| EOY | $12,480,576 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,652,814 | BOYAmt |
| EOY | $12,875,482 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | -$116,273 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,227,977 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,825,640 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $617,610 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,673,604 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,230,182 | CurrentTaxYearAmt |
| Total | $8,575,013 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,227,977 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $2,825,640 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $617,610 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,673,604 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $1,230,182 | CurrentTaxYearAmt |
| Total | $8,575,013 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $1,999,547 | SubstantialContributorsTotAmt |
| Public Support Total170 | $6,575,466 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $3,985 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,188 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $12,309 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $25,991 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $36,887 | CurrentTaxYearAmt |
| Total | $84,360 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus2 Years | $250 | CurrentTaxYearMinus2YearsAmt |
| Total | $250 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $8,659,623 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $3,144,703 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.75930 | PublicSupportCY170Pct |
| Public Support PY170 | 0.72320 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II, Line 10, Explanation of Other Income: | FormAndLineReferenceDesc |
| Explanation | Other Revenue - 2017 Amount: $ 250. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Investment in Cleveland Development Ptshp II | Desc |
| Book Value | $10,448,892 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $10,448,892 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Intercompany Payable | Desc |
| Amt | $227,638 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $227,638 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part IV, Line 2b: | The Economic Growth Foundation (EGF) acts in the role of fiscal agent for early stage, community based concepts without a formal corporate structure, whose purpose is consistent with the scope of the EGF. Each early stage concept is provided with a set of formal operating procedures. The EGF does not receive compensation for its duties in connection with any fiscal agent agreements. |
| Part X, Line 2: | The Economic Growth Foundation ("EGF") 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, EGF 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, 2019 and 2018, 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. EGF is not subject to tax examinations by tax authorities for the years ending December 31, 2016 and prior. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Roman Joseph | ||||||||||||||
| President | $57,395 | $499,298 | $13,014 | $113,211 | $1,028 | $8,945 | $25,884 | $225,175 | $2,890 | $25,137 | $100,211 | $871,766 | $0 | $0 |
| Ittu Yvette | ||||||||||||||
| EVP Finance & Operations | $4,715 | $282,803 | $625 | $37,469 | $493 | $29,561 | $384 | $23,031 | $551 | $33,075 | $6,768 | $405,939 | $0 | $0 |
| Hall Brian | ||||||||||||||
| ED, GCP Equity & Inclusion | $233,246 | $0 | $23,870 | $0 | $4,388 | $0 | $10,656 | $0 | $24,546 | $0 | $296,706 | $0 | $0 | $0 |
| Luteran John | ||||||||||||||
| VP - Finance | $6,717 | $229,802 | $483 | $16,517 | $125 | $4,274 | $299 | $10,214 | $698 | $23,883 | $8,322 | $284,690 | $0 | $0 |
| Marbury Shana | ||||||||||||||
| General Counsel | $4,436 | $235,305 | $484 | $25,671 | $30 | $1,600 | $195 | $10,359 | $187 | $9,898 | $5,332 | $282,833 | $0 | $0 |
| Cheverine Gina | ||||||||||||||
| MGVP, Inclusion & Strategic Prtnrshp | $143,181 | $0 | $6,282 | $0 | $9,394 | $0 | $6,137 | $0 | $24,385 | $0 | $189,379 | $0 | $0 | $0 |
| Coates Steven | ||||||||||||||
| Controller Finance & Operations | $9,699 | $135,070 | $838 | $11,663 | $78 | $1,088 | $439 | $6,110 | $1,001 | $13,936 | $12,055 | $167,867 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 4b | The President, Joseph D. Roman, participates in a supplemental non-qualified retirement plan. No amount was actively paid to him during the year. The change in actuarial value of this benefit was $81,039 for 2019. The Executive Vice President of Finance and Operations, Yvette Ittu, participates in a supplemental non-qualified 457(f) plan. In 2019, the organization contributed $12,215 to her 457(f) plan. |
| Part I, Line 7 | Incentive compensation of EGF's officers, key employees, and highest compensated employees is discretionary and has been subjected to review by a compensation committee created by its parent, the Greater Cleveland Partnership. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (9 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part III, line 2 | New program services were started during the year and are listed on Form 990, Part III, line 4d. These program services include CDA Chain Reaction and Great Lakes Metro Chamber. |
| Form 990, Part IV, Line 12 Audited Financial Statements: | The financial statements and related statements of activities, functional expenses, and cash flows of the Economic Growth Foundation (EGF) were audited on a consolidated basis. Refer to Form 990 Schedule R for details of the related organizations. |
| Form 990, Part VI, Section A, line 6 | The sole member of Economic Growth Foundation is Greater Cleveland Partnership, an Ohio nonprofit corporation. |
| 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. 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 Services. 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 Services. |
| Form 990, Part VI, Section B, line 15 | Salaries of EGF staff have been subjected to review by a compensation committee created by its parent, 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 2018) provided that direct pay and indirect pay programs reflect market medians. |
| Form 990, Part VI, Section C, line 19 | No documents are made available to the public. |
| Form 990, Part IX, line 11g | Consulting: Program service expenses 812,833. Management and general expenses 29,403. Fundraising expenses 0. Total expenses 842,236. Marketing: Program service expenses 7,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 7,000. |
| Form 990, Part XII, Financial Statement and Reporting: | 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. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Greater Cleveland Partnership | |||||||||||
| 1240 Huron Road E Suite 300 | Cleveland | OH | 44115 | 340149250 | Mobilizes Private Sector leadership, expertise, and resources to create jobs | OH | 501(c)(6) | N/A | N/A | 0 | |
| Cleveland Development Foundation | |||||||||||
| 1240 Huron Road E Suite 300 | Cleveland | OH | 44115 | 346528498 | Developing and improving Cleveland's Civic Visions. | OH | 501(C)(3) | Line 7 | Yes (1) | Greater Cleveland Partnership | |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| Group Services Inc | |||||||||
| 1240 Huron Road E Suite 300 | Cleveland | OH | 44115 | 341402329 | Small business access to affordable/quality group insurance | OH | N/A | C | Yes (1) |
| GCP Shared Services Inc | |||||||||
| 1240 Huron Road E Suite 300 | Cleveland | OH | 44115 | 208637606 | Lease Management | OH | N/A | C | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |