2019-11-13T10:34:51-06:00 2018-12-31 420714325 RSM US LLP 1 S WACKER DRIVE STE 800 CHICAGO IL 60606 990 2018-01-01 346528498 CLEVELAND DEVELOPMENT FOUNDATION CLEV 2166213300 1240 HURON ROAD E NO 300 CLEVELAND OH 44115 YVETTE M ITTU EXEC VP - FINANCE & OPERATIONS 2166213300 2019-11-12 1 REBEKUH ELEY P01247672 3126343400 66.98.98.134 2019-11-12 12:26:39 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 2A28FA2E2A09A40AF4F0A751499BE74D16D20E85 2018 2020-04-17 16:48:07Z JOSEPH D ROMAN 1240 HURON ROAD E NO 300 CLEVELAND OH 44115 48500 0 X N/A X 1954 OH DEVELOPING AND IMPROVING CLEVELAND'S CIVIC VISIONS. 18 18 0 21 0 0 24500 35000 21733 13500 338 0 0 0 46571 48500 0 0 0 0 0 0 0 0 0 95949 41897 95949 41897 -49378 6603 97525 75635 68519 40026 29006 35609 DEVELOPING AND IMPROVING CLEVELAND OHIO'S CIVIC VISIONS. 0 0 35965 13500 ADVOCACY:TO EDUCATE LOCAL OFFICIALS AND BUSINESS MEMBERS ON FEDERAL PUBLIC POLICY ISSUES, THE CLEVELAND DEVELOPMENT FOUNDATION HOSTED ITS ANNUAL EMPOWERING LOCAL LEADERSHIP CONFERENCE. THE NONPARTISAN EVENT CONNECTED MANY OF OUR REGION'S BUSINESS LEADERS WITH MEMBERS OF OHIO'S CONGRESSIONAL DELEGATION INCLUDING CONGRESSWOMAN MARCIA L. FUDGE, CONGRESSMAN DAVE JOYCE, CONGRESSMAN JIM RENACCI, CONGRESSWOMAN MARCY KAPTUR AND IN PARTNERSHIP WITH THE NORTHEAST OHIO MAYORS AND CITY MANAGERS ASSOCIATION AND THE CUYAHOGA COUNTY MAYORS AND CITY MANAGERS ASSOCIATION. 35965 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 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 0 0 1 1 0 0 0 1 2 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 X 18 18 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 OH X JOHN LUTERAN 2166213300 1240 HURON ROAD E NO 300 CLEVELAND OH 44115 ARNOLD CRAIG DIRECTOR 1.00 2.00 X 0 0 0 CHAIKIN SCOTT CHAIR 2.00 4.00 X 0 0 0 CHIRICOSTA RICHARD DIRECTOR 1.00 2.00 X X 0 0 0 CLARK PAUL DIRECTOR 1.00 2.00 X 0 0 0 DIROCCO JOE TREASURER, AS OF 3/21/18 2.00 3.00 X X 0 0 0 JONES CHUCK DIRECTOR, LEFT AS OF 5/15/18 1.00 2.00 X 0 0 0 KELSHEIMER JERRY TREASURER, LEFT AS OF 5/15/18 2.00 4.00 X X 0 0 0 LOPEZ JOE DIRECTOR 1.00 2.00 X 0 0 0 MOONEY BETH DIRECTOR 1.00 2.00 X 0 0 0 MORIKIS JOHN DIRECTOR 1.00 2.00 X 0 0 0 NANCE FREDERICK DIRECTOR 1.00 2.00 X 0 0 0 READ DEBORAH DIRECTOR 1.00 2.00 X 0 0 0 REYNOLDS TIM DIRECTOR, LEFT AS OF 5/15/18 1.00 2.00 X 0 0 0 SAFIER RION DIRECTOR 1.00 2.00 X 0 0 0 SNYDER BARBARA DIRECTOR 1.00 2.00 X 0 0 0 STANEK MICHAEL DIRECTOR 1.00 2.00 X 0 0 0 TAYLOR JR EDDIE DIRECTOR 1.00 2.00 X 0 0 0 TOEREK SHARON DIRECTOR 1.00 2.00 X 0 0 0 WILLIAMS THOMAS DIRECTOR 1.00 2.00 X 0 0 0 YOUNG JOHN DIRECTOR, AS OF 3/13/18 1.00 2.00 X 0 0 0 ZENTY THOMAS DIRECTOR 1.00 2.00 X 0 0 0 ITTU YVETTE EVP FINANCE & OPERATIONS 1.00 39.00 X 0 297427 48662 ROMAN JOSEPH PRESIDENT/CEO 1.00 40.00 X 0 659211 110503 0 956638 159165 0 0 1 0 0 35000 35000 REGISTRATION REVENUE 900099 13500 13500 13500 48500 13500 0 0 X 5425 5425 5437 5437 631 631 1531 1024 507 3828 3828 25045 25045 41897 35965 5932 0 97517 75635 8 0 97525 75635 33071 0 35448 40026 68519 40026 X 18433 12501 10573 23108 29006 35609 97525 75635 6603 0 X X 0 1 X 1 0 X 34374 44850 29500 24500 35000 168224 34374 44850 29500 24500 35000 168224 48000 120224 756 327 345 338 1766 169990 56883 0.70720 0.74340 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 0 X PART IV, LINE 2B: THE CLEVELAND DEVELOPMENT FOUNDATION (CDF) 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 CDF. EACH EARLY STAGE CONCEPT IS PROVIDED WITH A SET OF FORMAL OPERATING PROCEDURES. THE CDF DOES NOT RECEIVE COMPENSATION FOR ITS DUTIES IN CONNECTION WITH ANY FISCAL AGENT AGREEMENTS. DURING 2018, CDF RECEIVED $4,578 FROM ORGANIZATIONS FOR WHICH CDF ACTS AS FISCAL AGENT. PART X, LINE 2: THE CLEVELAND DEVELOPMENT FOUNDATION ("CDF") 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 FINANCIAL STATEMENTS. UNDER THIS GUIDANCE, CDF 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, 2018 AND 2017, 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. CDF IS NOT SUBJECT TO TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS ENDING DECEMBER 31, 2015 AND PRIOR. 0 1 0 0 0 0 0 0 0 ITTU YVETTE EVP FINANCE & OPERATIONS 0 268008 0 26163 0 3256 0 19579 0 29083 0 346089 0 0 ROMAN JOSEPH PRESIDENT/CEO 0 532677 0 117000 0 9534 0 87919 0 22584 0 769714 0 0 PART I, LINE 3 SALARIES OF CDF 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. PART I, LINE 4B THE PRESIDENT, JOSEPH D. ROMAN, PARTICIPATES IN THE ORGANIZATION'S SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. NO AMOUNT WAS ACTIVELY PAID TO HIM DURING THE YEAR. THE CHANGE IN ACTUARIAL VALUE OF THIS BENEFIT WAS $76,919 FOR 2018. THE EXECUTIVE VICE PRESIDENT OF FINANCE AND OPERATIONS, YVETTE ITTU, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED 457(F) PLAN. IN 2018, THE ORGANIZATION CONTRIBUTED $8,579 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 THE CLEVELAND DEVELOPMENT FOUNDATION (CDF) 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 CLEVELAND DEVELOPMENT 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. 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 CDF 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 CONSULTATIVE SERVICES: PROGRAM SERVICE EXPENSES 5,437. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,437. FORM 990, PART XII, FINANCIAL STATEMENTS 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. 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 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 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 1 GCP SHARED SERVICES INC 1240 HURON ROAD E SUITE 300 CLEVELAND OH 44115 208637606 LEASE MANAGEMENT OH N/A C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0