2017-11-14T08:53:37-06:00 2016-12-31 420714325 RSM US LLP 1001 LAKESIDE AVE SUITE 200 CLEVELAND OH 441141152 990 2016-01-01 340149250 GREATER CLEVELAND PARTNERSHIP GREA 2166213300 1240 HURON ROAD E NO 300 CLEVELAND OH 44115 YVETTE M ITTU EXEC VP - FINANCE & OPERATIONS 2166213300 2017-11-13 1 ZACHARY FORTSCH P00052725 2165231900 69.174.87.172 2017-11-13 15:47:43 ES P 55F89211B7A6E82F84DB6D1F71EECB15FCD8DF1E 55F89211B7A6E82F84DB6D1F71EECB15FCD8DF1E 2016 2018-03-14 21:41:22Z X JOSEPH D ROMAN 1240 HURON ROAD E NO 300 CLEVELAND OH 44115 27524825 0 X WWW.GCPARTNERSHIP.COM X 1967 OH BUSINESS ASSOCIATION MOBILIZING PRIVATE SECTOR LEADERSHIP, EXPERTISE, AND RESOURCES. 71 71 96 90 161384 -9038 5979712 7058138 3204838 3329431 803177 670968 39721 19880 10027448 11078417 0 0 0 0 7736005 7009551 0 0 0 6885552 5956631 14621557 12966182 -4594109 -1887765 38886926 37210837 3340245 3652699 35546681 33558138 X AS AN ASSOCIATION OF BUSINESS MEMBERS, THE GREATER CLEVELAND PARTNERSHIP (GCP) MOBILIZES PRIVATE-SECTOR LEADERSHIP, EXPERTISE, AND RESOURCES TO CREATE JOBS AND LEVERAGE INVESTMENT TO IMPROVE THE ECONOMIC VITALITY OF THE REGION. 0 0 MEMBER PROGRAMMING:IN 2016, THE GREATER CLEVELAND PARTNERSHIP ("GCP") LAUNCHED A NEW BUSINESS MODEL TO CREATE A UNIFIED ECONOMIC DEVELOPMENT STRATEGY. THE NEW STRUCTURE BETTER CONNECTED THE WORK OF THE COUNCIL OF SMALLER ENTERPRISES (COSE) AND THE GCP'S OTHER PROGRAMS-THE COMMISSION ON ECONOMIC INCLUSION, THE MIDDLE-MARKET INITIATIVE (REBRANDING AS ACCELERATING MIDDLE MARKET PROGRESS/AMMP IN 2016) AND OHTEC. THIS STRONGER COLLABORATION AS ONE ORGANIZATION WILL PRODUCE A MORE SIGNIFICANT IMPACT ACROSS BUSINESSES OF ALL SIZES.CONTINUED ON SCHEDULE OCOSE: AS THE SMALL BUSINESS PROGRAM OF THE GREATER CLEVELAND PARTNERSHIP, COSE (COUNCIL OF SMALLER ENTERPRISES) HAS SUPPORTED AND ADVOCATED FOR THE SMALL BUSINESSES IN THE REGION SINCE 1972. AS THE REGION'S SMALL BUSINESS EXPERT ORGANIZATION, COSE OFFERS ITS MEMBERS NETWORKING AND EDUCATIONAL EVENTS, ADVOCACY ON LEGISLATIVE AND REGULATORY ISSUES AND COST-EFFECTIVE GROUP PURCHASING PROGRAMS. THROUGH A DEEP UNDERSTANDING OF SMALL BUSINESSES, COSE PROVIDES THE RIGHT SOLUTIONS AND RESOURCES TO HELP BUSINESS OWNERS SUCCEED - EVERY DAY - BECAUSE SMALL BUSINESS GROWTH AND SUCCESS IS THE ORGANIZATION'S PRIORITY. GCP BECAME THE SPONSOR OF THE COSE HEALTH AND WELLNESS TRUST, A SELF-FUNDED BENEFIT OPTION FOR SMALL BUSINESSES PROVIDING A MORE COMPETITIVE SET OF HEALTHCARE OPTIONS. BUSINESS EDUCATION EXPERIENCE REIMAGINED: HUNDREDS OF BUSINESS AND CIVIC LEADERS ATTENDED BIZCONCLE, A COMING TOGETHER OF THE GREATER CLEVELAND MIDDLE MARKET FORUM, PRESENTED BY THE GREATER CLEVELAND PARTNERSHIP, AND COSE'S SMALL BUSINESS CONVENTION. THE EVENT REPRESENTED A UNIQUE EDUCATION AND NETWORKING EXPERIENCE EXCLUSIVELY DESIGNED FOR SMALL AND MIDDLE-MARKET COMPANY CEOS, C-SUITE, AND THEIR EMPLOYEES. INCLUDED WERE NATIONALLY-RECOGNIZED KEYNOTES, PLENARY SESSIONS LED BY REGIONAL BUSINESS AND COMMUNITY LEADERS, AND HANDS-ON WORKSHOPS IN AREAS SUCH AS TALENT, PEOPLE AND HR; MARKETING, CUSTOMERS AND BRANDING; BUSINESS GROWTH, SALES AND FINANCIALS; AND OWNER, LEADER AND TEAM DEVELOPMENT.MAKING CONNECTIONS ACROSS NORTHEAST OHIO: ENTREPRENEURS DO NOT SUCCEED ALONE. THAT'S WHY COSE FOCUSES ON HELPING SMALL BUSINESS OWNERS CONNECT WITH THEIR FELLOW ENTREPRENEURS AND LARGE CORPORATE AND GOVERNMENT PURCHASING ORGANIZATIONS IN THE REGION. THE 12TH ANNUAL CLEVELAND B2B MATCHMAKER WAS ONE WAY COSE PROVIDED CONNECTIONS WITHIN AND FOR THE NORTHEAST OHIO ENTREPRENEURIAL COMMUNITY. THE MATCHMAKER PRESENTED A GREAT OPPORTUNITY FOR SMALL BUSINESSES TO GAIN ACCESS TO BUYERS WHO REPRESENT MILLIONS OF DOLLARS IN PURCHASING. VENDORS AND PURCHASERS MET THROUGH ONE-ON-ONE PRE-SCHEDULED SESSIONS.MIDDLE MARKET: NOW IN ITS FIFTH YEAR, THE GCP'S MIDDLE-MARKET INITIATIVE CONTINUES TO PROVIDE RESOURCES AND INFORMATION TO HELP CREATE AND SUSTAIN LONG-TERM SUCCESS FOR NORTHEAST OHIO'S MID-MARKET COMPANIES. THIS PAST YEAR, TO RECOGNIZE WHAT WE'VE ACHIEVED IN OUR OUTREACH TO THESE BUSINESSES, WE LAUNCHED A NEW BRAND FOR OUR WORK IN THIS AREA - ACCELERATING MIDDLE-MARKET PROGRESS (AMMP). WE ALSO PRESENTED A SERIES OF PROGRAMS (MONETARY POLICY AND THE MIDDLE MARKET, GROWTH STRATEGIES AND INSIGHTS FOR MIDDLE-MARKET LEADERS, THE ECONOMIC OUTLOOK, TRENDS: IDEAS ON MANUFACTURING, GEN Y, AND YOUR LEADERSHIP DYNAMIC) TO SPARK IDEAS AND PROVIDE CONNECTIONS TO SUPPORT THE GROWTH STRATEGIES OF THE REGION'S MIDDLE-MARKET COMPANIES.OHTEC: A TECHNOLOGY INDUSTRY ADVOCATE AND SUPPORT RESOURCE WITHIN THE GREATER CLEVELAND PARTNERSHIP, OHTEC FOCUSES ON BUILDING RELATIONSHIPS AND A STRONG TECHNOLOGY INDUSTRY WITHIN NORTHEAST OHIO BY OFFERING OPPORTUNITIES FOR COLLABORATION AMONG LARGE, MID-SIZED AND SMALL COMPANIES, AS WELL AS ENTREPRENEURS AND LEADERS WITHIN THE IT FIELD. THE PEER GROUPS SHARE COMMON TECH OPPORTUNITIES AND CHALLENGES, DISCUSS CHALLENGING TOPICS, AND GATHER BEST PRACTICES (CEO ROUNDTABLE). TECH WEEK: OHTEC LAUNCHED TECH WEEK IN 2011 WITH THE INTENTION OF EXPANDING ON THE BEST OF TECH AWARDS AND CREATING ADDITIONAL AWARENESS OF THE REGIONAL IT INDUSTRY. THE BEST OF TECH AWARDS RECOGNIZE OUTSTANDING TECH COMPANIES AND ENTREPRENEURS IN NORTHEAST OHIO. TECH WEEK IS THE OPPORTUNITY TO EXPAND THE MISSION TO SUPPORT, CONNECT, ENGAGE AND CELEBRATE THE REGIONAL IT COMMUNITY BY INCLUDING A WEEK-LONG SERIES OF EVENTS HOSTED BY BOTH OHTEC AND OTHER IT ORGANIZATIONS, COMPANIES AND ENTITIES ACROSS THE REGION. CIO SYMPOSIUM: NOW IN ITS 17TH YEAR, OHTEC'S CIO SYMPOSIUM IS THE LONGEST-RUNNING GATHERING OF CIOS IN THE REGION. THE 2016 SYMPOSIUM OFFERED CIOS AND THEIR TEAMS AN OPPORTUNITY TO PLAN THEIR ORGANIZATIONAL STRATEGY. THE EVENT INCLUDED KEYNOTE SPEAKERS, BREAKOUT SESSIONS, AND TECH TALKS FOCUSED ON TECH TRENDS, INSIGHTS ON THE FUTURE OF TECH, EXECUTIVE LEADERSHIP STRATEGIES AND MORE. PHYSICAL DEVELOPMENT:THE GREATER CLEVELAND PARTNERSHIP USES ITS RESOURCES TO SUPPORT AND INVEST IN CATALYTIC REAL ESTATE PROJECTS IN THE CITY OF CLEVELAND. GCP'S REAL ESTATE INVESTMENT AFFILIATE, CLEVELAND DEVELOPMENT ADVISORS (CDA), TARGETED INVESTMENTS IN PROJECTS THAT WILL ADVANCE THE RENAISSANCE OF DOWNTOWN CLEVELAND AND REVITALIZE NEIGHBORHOODS. IN 2016, CDA DEPLOYED 35 MILLION OF FEDERAL NEW MARKETS CREDIT ALLOCATION AND 3 MILLION OF OHIO NEW MARKETS TAX CREDITS TO ADVANCE PROJECTS THAT FOCUS ON EDUCATION AND WORKFORCE DEVELOPMENT AND ARE DESCRIBED BELOW:CONTINUED ON SCHEDULE OHISTORIC RENOVATION OF THE STANDARD BUILDING: THE $81 MILLION PROJECT TO CONVERT THE 90-YEAR OLD STANDARD BUILDING NEAR PUBLIC SQUARE WILL ADD 285 ONE-, TWO-, AND THREE-BEDROOM LUXURY APARTMENTS TO THE DOWNTOWN MARKET WHILE RETAINING STREET-LEVEL RETAIL.DEVELOPING A LAKEFRONT NEIGHBORHOOD: THE FIRST STEP WAS REALIZED WITH THE OPENING OF NUEVO, THE MODERN MEXICAN RESTAURANT AND TEQUILA BAR ON THE EAST 9TH STREET PIER.A NEW CAMPUS FOR ST. MARTIN DE PORRES HIGH SCHOOL: CONSTRUCTION OF A NEW CAMPUS IN THE ST. CLAIR SUPERIOR NEIGHBORHOOD IS UNDERWAY. ST. MARTIN IS A CRISTO REY NETWORK SCHOOL THAT PROVIDES CHILDREN OF MODEST ECONOMIC MEANS WITH AN EDUCATION EXPERIENCE THAT EMPHASIZES WORK STUDY. THIS IS SCHEDULED TO OPEN BEFORE THE 2017-18 SCHOOL YEAR.RENOVATIONS CREATING NEW MENLO PARK ACADEMY FACILITY: THE RENOVATION OF THE ABANDONED JOSEPH & FEISS BUILDING IN THE STOCKYARD NEIGHBORHOOD WILL CREATE A NEW SCHOOL FOR MENLO, OHIO'S ONLY TUITION-FREE COMMUNITY SCHOOL FOCUSING SOLELY ON GIFTED LEARNERS IN GRADES K-8 AND AN APPROVED PARTNER OF THE CLEVELAND METROPOLITAN SCHOOL DISTRICT. THE NEW LOCATION WILL ENABLE MENLO TO INCREASE ITS ENROLLMENT BY 300 STUDENTS. THIS IS SCHEDULED TO OPEN BEFORE THE 2017-18 SCHOOL YEAR. A NEW WELDING TECHNOLOGY CENTER: THE LINCOLN ELECTRIC COMPANY WILL DEVELOP A NEW WELDING TECHNOLOGY CENTER IN EUCLID, WHICH WILL FOCUS ON THE TRAINING OF WELDING EDUCATORS AND INDUSTRY LEADERS TO ADDRESS THE RISING DEMAND FOR WELDING EDUCATION AND CAREER PATHWAYS.SIXTH AND LARGEST NEW MARKETS TAX CREDIT ALLOCATION: CDA'S $60 MILLION AWARD WILL BE USED TO ATTRACT PRIVATE INVESTMENT NEEDED TO COMPLETE CATALYTIC PROJECTS THAT CREATE POSITIVE ECONOMIC IMPACTS IN LOW-INCOME COMMUNITIES, INCLUDING WORKFORCE DEVELOPMENT, QUALITY EMPLOYMENT AND NEIGHBORHOOD REVITALIZATION.THE NEW CIVIC CONNECTION COLLABORATION CONTINUES THE LEGACY OF BUILD UP GREATER CLEVELAND (BUGC), A PREEMINENT PUBLIC-PRIVATE COLLABORATIVE CREATED IN 1983. IN THE SUBSEQUENT 30+ YEARS, GREATER CLEVELAND'S PUBLIC INFRASTRUCTURE PARTNERS, INCLUDING THE CITY OF CLEVELAND, CUYAHOGA COUNTY, GREATER CLEVELAND REGIONAL TRANSIT AUTHORITY, NORTHEAST OHIO REGIONAL SEWER DISTRICT, AND THE CLEVELAND-CUYAHOGA COUNTY PORT AUTHORITY (PORT), HAVE COMBINED TO INVEST MORE THAN $12 BILLION IN REGIONAL ROADWAYS, BRIDGES, TRANSIT, PORTS, AND ELECTRICAL, WATER, AND WASTEWATER UTILITIES THAT HAVE HELPED TO SUPPORT THE CATALYTIC DEVELOPMENT THAT GREATER CLEVELAND IS SEEING TODAY.VOINOVICH BRIDGE COMPLETION SUPPORTS DOWNTOWN RESURGENCE: THIS PAST FALL, GREATER CLEVELAND CUT THE RIBBON ON ITS MOST SUBSTANTIAL INFRASTRUCTURE INVESTMENT EVER WITH THE FULL OPENING OF THE TWIN SPAN GEORGE V. VOINOVICH BRIDGE. THE $566 MILLION INVESTMENT, WHICH INVOLVED THE DEMOLITION OF THE OBSOLETE 1959 INNERBELT BRIDGE AND THE CONSTRUCTION OF TWO NEW BRIDGES, CONSTITUTED THE LARGEST BRIDGE REPLACEMENT PROJECT IN OHIO'S HISTORY AND LARGEST SINGLE INVESTMENT IN THE OHIO DEPARTMENT OF TRANSPORTATION'S HISTORY. THE VOINOVICH BRIDGE CARRIES OVER 140,000 VEHICLES PER DAY AND WILL CONTINUE TO SUPPORT THE ECONOMIC RESURGENCE IN DOWNTOWN CLEVELAND FOR DECADES TO COME.OPPORTUNITY CORRIDOR PROJECT REMAINS ON TRACK: ANOTHER CATALYTIC TRANSPORTATION PROJECT CONTINUED TO MATERIALIZE EAST OF DOWNTOWN, AS THE FIRST PHASE OF CONSTRUCTION ON THE OPPORTUNITY CORRIDOR PROGRESSED IN THE UNIVERSITY CIRCLE AND FAIRFAX NEIGHBORHOODS. ADDITIONAL PREPARATION WORK IS TAKING PLACE THROUGHOUT THE BUCKEYE-WOODHILL, KINSMAN, AND BROADWAY-SLAVIC VILLAGE NEIGHBORHOODS. MANAGED BY THE OHIO DEPARTMENT OF TRANSPORTATION AND THE CITY OF CLEVELAND, THE THREE-MILE BOULEVARD REMAINS ON TRACK FOR COMPLETION BY 2020 AND WILL PROVIDE ENHANCED MULTI-MODAL AND UTILITY ACCESS TO THOUSANDS OF RESIDENTS WHILE SUPPORTING THE POTENTIAL REDEVELOPMENT OF SEVERAL HUNDRED ACRES OF VACANT OR UNDERUTILIZED LAND.REJUVENATED PUBLIC SQUARE MAKES GRAND DEBUT: PERHAPS NO SINGLE INFRASTRUCTURE INVESTMENT IN CLEVELAND RECEIVED GREATER ATTENTION - LOCALLY, NATIONALLY, AND GLOBALLY - IN 2016 THAN THE DRAMATICALLY REJUVENATED PUBLIC SQUARE, WHICH WAS UNVEILED IN TIME FOR THE REPUBLICAN NATIONAL CONVENTION FOLLOWING THE COMPLETION OF A $50 MILLION MAKEOVER. THE REVITALIZED PUBLIC SPACE SERVED AS AN ICONIC GATHERING PLACE FOR THE THOUSANDS OF DELEGATES, MEDIA, AND VISITORS TO THE CITY DURING THE WEEKLONG CONVENTION AND EPITOMIZED THE RESURGENCE TAKING PLACE THROUGHOUT OUR COMMUNITY. THE GREATER CLEVELAND PARTNERSHIP CONTINUED ITS REPRESENTATION ON THE GROUP PLAN COMMISSION AND PROVIDED STAFF LEADERSHIP TO THE COMMISSION FOR ONGOING WORK, FINANCING AND FUNDRAISING ACTIVITIES. THE PROJECT WAS MADE POSSIBLE DUE IN LARGE PART TO A CLEVELAND DEVELOPMENT ADVISORS $5.2 MILLION BRIDGE LOAN. ADVOCACY:THE GREATER CLEVELAND PARTNERSHIP'S ADVOCACY TEAM WORKS WITH POLITICAL LEADERS TO CREATE CONDITIONS THAT WILL MAXIMIZE THE ECONOMIC DEVELOPMENT POTENTIAL FOR ALL GREATER CLEVELANDERS. THEY ALSO INTERACT WITH THE BUSINESS COMMUNITY TO IDENTIFY PRIORITY ISSUES FOR THE PRIVATE SECTOR. SOME SIGNIFICANT VICTORIES WERE ACHIEVED IN 2016 FOR THE BUSINESS COMMUNITY, LOCALLY AND THROUGHOUT OHIO.MINIMUM WAGE AND PART-TIME WORKERS' INITIATIVES WITHDRAWN: THE GCP OPPOSED A CLEVELAND-ONLY, $15 MINIMUM WAGE PROPOSAL AND A SEPARATE CLEVELAND-ONLY PART-TIME WORKERS' INITIATIVE. CONTINUED ON SCHEDULE OTHE MINIMUM WAGE PROPOSAL WAS ULTIMATELY BLOCKED BY STATE LEGISLATION THAT PROHIBITED POLITICAL SUBDIVISIONS FROM ESTABLISHING MINIMUM WAGE RATES DIFFERENT FROM WHAT IS REQUIRED BY STATE LAW. THE PART-TIME WORKERS BALLOT ISSUE WAS ALSO EVENTUALLY WITHDRAWN BY PETITIONERS.IF PASSED, BOTH ISSUES WOULD HAVE HAD DIRECT EFFECTS ON THE CLEVELAND BUSINESS COMMUNITY BY HINDERING JOB CREATION AND BUSINESS GROWTH, AS WELL AS THE OVERALL POSITIVE MOMENTUM THE CITY IS EXPERIENCING.UNEMPLOYMENT COMPENSATION REFORM SECURED: THE GCP SUPPORTED AND HELPED SECURE LEGISLATION THAT ALLOWED THE STATE TO PAY FEDERAL DEBT A YEAR AHEAD OF SCHEDULE, SAVING OHIO EMPLOYERS MILLIONS OF DOLLARS IN THE SHORT TERM. NEXT STEPS INCLUDE CONTINUING TO ADVOCATE FOR LONG-TERM REFORMS THAT ALLOW THE UNEMPLOYMENT FUND TO ACHIEVE A PATH TOWARD SOLVENCY, WHICH WOULD GUARD AGAINST INCREASED COSTS FOR BUSINESSES IN THE EVENT OF AN ECONOMIC DOWNTURN.EMPLOYERS GET RELIEF ON SOME WORKERS' COMPENSATION CLAIMS PAYMENTS: EFFECTIVE AUGUST 31, 2016, A NEW POLICY, WHICH RESULTED FROM LEGISLATION SUPPORTED BY THE GCP, ADDED LANGUAGE TO THE OHIO REVISED CODE THAT CHANGED HOW CERTAIN WORKERS' COMPENSATION CLAIMS CAN BE PAID. IT IS EFFECTIVE WHEN THE CLAIM IS BASED ON A MOTOR VEHICLE ACCIDENT INVOLVING A THIRD PARTY. THE NEW POLICY ALLOWS PAYMENT ON THOSE CLAIMS TO BE CHARGED TO THE SURPLUS ACCOUNT IN THE STATE INSURANCE FUND AND NOT IMPACT THE EMPLOYER'S EXPERIENCE.GCP-SUPPORTED SCHOOL LEVY RENEWAL PASSED: THE GCP WAS A KEY SUPPORTER OF EFFORTS TO RENEW THE CLEVELAND SCHOOLS LEVY, WHICH WAS PASSED BY VOTERS IN NOVEMBER 2016. THE 15-MILL LEVY, WHICH GENERATES ABOUT $77 MILLION ANNUALLY, FUNDS THE CLEVELAND PLAN FOR TRANSFORMING SCHOOLS WITHOUT RAISING TAXES. THE LEVY WAS ORIGINALLY PASSED IN 2012 TO SUPPORT: (1) GROWING THE NUMBER OF HIGH-PERFORMING SCHOOLS IN THE CLEVELAND METROPOLITAN SCHOOL DISTRICT; (2) INVESTMENT IN HIGH-LEVERAGE SYSTEM REFORMS ACROSS ALL SCHOOLS FROM PRESCHOOL TO COLLEGE AND CAREER READINESS; AND (3) THE CREATION OF THE CLEVELAND TRANSFORMATION ALLIANCE, A PUBLIC-PRIVATE PARTNERSHIP, TO ENSURE ACCOUNTABILITY FOR ALL PUBLIC SCHOOLS IN THE CITY.OTHER GCP-ENDORSED LEVIES PASSED BY VOTERS: VOTERS ALSO APPROVED THE GCP-ENDORSED HEALTH AND HUMAN SERVICES LEVY. THE RESULT IS AN EIGHT-YEAR, NO-TAX-INCREASE RENEWAL RATE OF 4.8 MILLS THAT IS LOCKED IN FOR A LONGER PERIOD OF TIME AND FEWER CAMPAIGNS WILL BE NEEDED TO MAINTAIN THE VITAL COMMUNITY SERVICES. THE LEVY GENERATES ROUGHLY $130 MILLION ANNUALLY. IN ADDITION, THE GCP WAS A KEY SUPPORTER OF CLEVELAND MAYOR JACKSON'S MUNICIPAL INCOME TAX PROPOSAL THAT WAS SUCCESSFUL ON THE NOVEMBER 2016 BALLOT. THE INITIATIVE, THE FIRST INCREASE IN 35 YEARS, WILL GENERATE MORE THAN $80 MILLION ANNUALLY TO IMPROVE NUMEROUS CITY SERVICES.EFFORTS SUCCESSFULLY SUPPORT TAX CREDIT PROGRAMS: THE GCP PLAYED A LEAD ROLE IN SECURING A NEEDED REFORM TO OHIO'S NEW MARKETS TAX CREDIT PROGRAM TO REMOVE A RESTRICTIVE REAL ESTATE PROVISION THAT LIMITED THE USE OF THIS TAX CREDIT. THE STATE PROGRAM WILL NOW BE IN GREATER ALIGNMENT WITH THE FEDERAL TAX CREDIT PROGRAM AND ALLOW MIXED-USE PROJECTS - A GROWING TREND IN DEVELOPMENT IN CLEVELAND'S MAJOR BUSINESS AND TECHNOLOGY CORRIDORS-TO-BE ELIGIBLE FOR THE PROGRAM. AT THE FEDERAL LEVEL, THE GCP SUPPORTED CLEVELAND DEVELOPMENT ADVISORS, ITS REAL ESTATE AND BUSINESS DEVELOPMENT FINANCE AFFILIATE, ON A WINNING APPLICATION RESULTING IN A $60 MILLION NEW MARKETS TAX CREDIT (NMTC) AWARD. THIS IS THE LARGEST FEDERAL NMTC AWARD IN CLEVELAND TO DATE TO SPUR ECONOMIC GROWTH IN OUR COMMUNITY.PROJECTS CHAMPIONED RECEIVE STATE FUNDING: THE GCP WAS SUCCESSFUL IN ADVOCACY EFFORTS ON THE STATE'S 2016 CAPITAL BILL THAT BROUGHT MORE THAN $23 MILLION TO CUYAHOGA COUNTY FOR CORE COMMUNITY PROJECTS, MORE THAN HALF OF WHICH WERE PROJECTS THAT THE GCP DIRECTLY CHAMPIONED. FUNDING SECURED FOR PUBLIC SQUARE: THE GCP STAFF LOBBIED STATE LEADERS TO SECURE $3.5 MILLION IN FUNDING FOR THE PUBLIC SQUARE REDEVELOPMENT PROJECT NEEDED TO COMPLETE THE PROJECT PRIOR TO THE REPUBLICAN NATIONAL CONVENTION IN JULY 2016. BUSINESS DEVELOPMENT:THE ORGANIZATIONS IN THE REGIONAL ECONOMIC DEVELOPMENT SYSTEM THAT THE GREATER CLEVELAND PARTNERSHIP HELPED TO CREATE AND CONTINUES TO SUPPORT - BIOENTERPRISE, JUMPSTART, MAGNET, TEAM NEO, AND CLEVELAND PLUS - ALONG WITH GCP'S BUSINESS DEVELOPMENT TEAM - REPORT STRONG RESULTS IN 2016 AS EVIDENCED BY JOB CREATION AND THE ATTRACTION OF NEW INVESTMENT. THE GCP BUSINESS DEVELOPMENT TEAM MEMBERS PLAYED A CRUCIAL ROLE IN RECRUITING, HOSTING AND STAFFING THE INTERNATIONAL ECONOMIC DEVELOPMENT COUNCIL (IEDC) ANNUAL CONFERENCE HELD IN CLEVELAND. IT WAS THE HIGHEST-ATTENDED CONFERENCE IN THE HISTORY OF THE IEDC EXCEEDING MORE THAN 1,600 PARTICIPANTS. IN 2016, THE BUSINESS DEVELOPMENT TEAM DELIVERED ON THE FIRST YEAR OF ITS THREE-YEAR STRATEGIC PLAN. WHILE MUCH MORE REMAINS TO BE DONE, SIGNIFICANT PROGRESS HAS BEEN MADE IN THE EFFORT TO BE RECOGNIZED AS THE NUMBER ONE TRUSTED PROGRAM TEAM FOR GREATER CLEVELAND BUSINESSES. IN ADDITION, THE GCP PARTICIPATED IN MULTIPLE NATIONAL SITE-SELECTOR FORUMS AND ACTIVITIES THROUGHOUT THE YEAR, SHOWCASING CLEVELAND AND NORTHEAST OHIO FOR BUSINESS GROWTH OPPORTUNITIES. COLLABORATIVE EFFORTS BY THE GREATER CLEVELAND PARTNERSHIP AIR SERVICE DEMAND TASK FORCE, THE CITY OF CLEVELAND AND CLEVELAND HOPKINS INTERNATIONAL AIRPORT (CLE) LED TO NEW OR EXPANDED NONSTOP ROUTES BY SEVERAL CARRIERS INCLUDING AMERICAN, FRONTIER, JET BLUE, SOUTHWEST AND SPIRIT.AMONG THE DESTINATIONS SERVED ARE BOSTON, LAS VEGAS, LOS ANGELES, PHILADELPHIA, PHOENIX, PORTLAND, SAN FRANCISCO, ST. LOUIS, AND WASHINGTON D.C./REAGAN. MORE NONSTOP ROUTES FROM CLE WILL BE ADDED IN 2017, INCLUDING ATLANTA, CHARLOTTE, HOUSTON/BUSH AND MINNEAPOLIS. OTHER ECONOMIC DEVELOPMENT ACTIVITIES THAT OCCURRED THROUGH GCP AFFILIATES:TEAM NEO: TEAM NEO ENHANCES THE ECONOMY OF NORTHEAST OHIO BY COLLABORATING WITH ITS PARTNERS AND OTHERS TO ATTRACT NEW BUSINESSES, HELP THOSE THAT ARE HERE TO GROW AND ACCELERATE THE IMPACT OF INNOVATION IN THE REGION. CLEVELAND PLUS IS THE REGIONAL BRAND TEAM NEO USES TO MARKET THE REGION. IN 2016, TEAM NEO AND ITS PARTNERS TALLIED 75 PROJECT WINS, RESULTING IN 4,853 NEW JOBS, $262 MILLION IN NEW PAYROLL AND $1.5 BILLION IN CAPITAL INVESTMENT. FOR THE PAST 10 YEARS, THE CLEVELAND PLUS CAMPAIGN, WHICH WAS CONCEIVED AND LAUNCHED BY THE GREATER CLEVELAND PARTNERSHIP (GCP) HAS WORKED TO PLACE MORE THAN 500 POSITIVE STORIES IN TARGET BUSINESS MEDIA OUTLETS. 0 0 0 1 0 0 0 0 0 1 1 0 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 60 0 1 96 1 1 1 0 0 0 1 1 0 X 71 71 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 NO 300 CLEVELAND OH 44115 ANTONUCCI JOHN DIRECTOR 1.00 0.00 X 0 0 0 ARNOLD CRAIG DIRECTOR 1.00 2.00 X 0 0 0 BALLARD BRENT DIRECTOR 1.00 0.00 X 0 0 0 BERG JODI DIRECTOR 1.00 0.00 X 0 0 0 BERKMAN RONALD DIRECTOR 1.00 0.00 X 0 0 0 BOLAND JULIE DIRECTOR 1.00 0.00 X 0 0 0 BUESCHER BRENDAN DIRECTOR 1.00 0.00 X 0 0 0 CARMICHAEL JOHN DIRECTOR 1.00 0.00 X 0 0 0 CHAIKIN SCOTT DIRECTOR 1.00 2.00 X 0 0 0 CHESNES SHARLENE DIRECTOR 1.00 0.00 X 0 0 0 CHIRICOSTA RICHARD CHAIR 2.00 4.00 X X 0 0 0 CLARK PAUL DIRECTOR 1.00 2.00 X 0 0 0 CLAY JAMES DIRECTOR, LEFT AS OF 9/7/16 1.00 0.00 X 0 0 0 CONNOR CHRISTOPHER CHAIR, LEFT AS OF 9/7/16 2.00 2.00 X X 0 0 0 COSGROVE TOBY DIRECTOR 1.00 0.00 X 0 0 0 COUGHLIN JEANNE DIRECTOR, LEFT AS OF 9/7/16 1.00 2.00 X 0 0 0 CUTLER ALEXANDER DIRECTOR, LEFT AS OF 9/7/16 1.00 2.00 X 0 0 0 DICKEY JAMES DIRECTOR, LEFT AS OF 9/7/16 1.00 0.00 X 0 0 0 DIROCCO JOSEPH DIRECTOR 1.00 0.00 X 0 0 0 DOLAN PAUL DIRECTOR 1.00 0.00 X 0 0 0 ELLIOT ROXANNE DIRECTOR, LEFT AS OF 9/7/16 1.00 0.00 X 0 0 0 FELICIANO JOSE DIRECTOR 1.00 0.00 X 0 0 0 FLEMING DARRIN DIRECTOR 1.00 0.00 X 0 0 0 GANSKE LYLE DIRECTOR 1.00 2.00 X 0 0 0 GONZALEZ EDUARDO DIRECTOR, LEFT AS OF 9/7/16 1.00 0.00 X 0 0 0 GRZYBICKI ADAM DIRECTOR 1.00 0.00 X 0 0 0 HAMBRICK JAMES DIRECTOR 1.00 0.00 X 0 0 0 HAUGE ERIC DIRECTOR 1.00 0.00 X 0 0 0 HILTON MICHAEL DIRECTOR 1.00 0.00 X 0 0 0 HIPPLE RICHARD DIRECTOR 1.00 0.00 X 0 0 0 JOHNSON KEVIN DIRECTOR 1.00 0.00 X 0 0 0 JONES CHUCK DIRECTOR 1.00 2.00 X 0 0 0 JULIANO ELIZABETH DIRECTOR 1.00 0.00 X 0 0 0 KAUFMAN ELLIOTT ROXANNE DIRECTOR 1.00 0.00 X 0 0 0 KELSHEIMER JERRY DIRECTOR 1.00 0.00 X 0 0 0 KESTNER R STEVEN DIRECTOR 1.00 0.00 X 0 0 0 KNIGHT TIMOTHY DIRECTOR 1.00 0.00 X 0 0 0 KOMOROSKI LEN DIRECTOR 1.00 0.00 X 0 0 0 LACEY BILL DIRECTOR 1.00 0.00 X 0 0 0 LAISURE DARYL DIRECTOR 1.00 0.00 X 0 0 0 LARGENT III ED DIRECTOR 1.00 0.00 X 0 0 0 LARUE DAVID DIRECTOR 1.00 0.00 X 0 0 0 LOGAN LISA DIRECTOR 1.00 0.00 X 0 0 0 LOPEZ JOE DIRECTOR 1.00 2.00 X 0 0 0 LUCARELLI JAY DIRECTOR 1.00 0.00 X 0 0 0 MACINTOSH JOHN DIRECTOR 1.00 0.00 X 0 0 0 MAPES CHRISTOPHER DIRECTOR 1.00 0.00 X 0 0 0 MATTHEW BONNIE DIRECTOR 1.00 0.00 X 0 0 0 MOONEY BETH DIRECTOR 1.00 2.00 X 0 0 0 MORENO BERNIE DIRECTOR 1.00 0.00 X 0 0 0 MORIKIS JOHN DIRECTOR 1.00 2.00 X 0 0 0 MUELLER SCOTT DIRECTOR 1.00 0.00 X 0 0 0 MURPHY JEFF DIRECTOR 1.00 0.00 X 0 0 0 MYEROFF RANDALL DIRECTOR 1.00 0.00 X 0 0 0 MYERS TIM DIRECTOR, LEFT AS OF 9/7/16 1.00 0.00 X 0 0 0 NANCE FREDERICK DIRECTOR 1.00 2.00 X 0 0 0 OSCAR LAWRENCE DIRECTOR 1.00 0.00 X 0 0 0 OUIMET MATTHEW DIRECTOR 1.00 0.00 X 0 0 0 PATTERSON ROBERT DIRECTOR 1.00 0.00 X 0 0 0 READ DEBORAH DIRECTOR 1.00 0.00 X 0 0 0 REAZE-CONIGLIO GWENAY DIRECTOR 1.00 0.00 X 0 0 0 REYNOLDS TIM DIRECTOR 1.00 2.00 X 0 0 0 RICHARDSON SEAN DIRECTOR 1.00 0.00 X 0 0 0 ROSS MARK DIRECTOR 1.00 0.00 X 0 0 0 RUTLEDGE DEBORAH DIRECTOR 1.00 0.00 X 0 0 0 SAFIER RION DIRECTOR 1.00 2.00 X 0 0 0 SCHEINER ALEC DIRECTOR, LEFT AS OF 9/7/16 1.00 0.00 X 0 0 0 SMITH ROBERT C TREASURER 2.00 4.00 X 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 STEINHOUSE SAMUEL DIRECTOR 1.00 0.00 X 0 0 0 SULLIVAN FRANK DIRECTOR 1.00 0.00 X 0 0 0 SYLVESTER MARYROSE DIRECTOR, LEFT AS OF 9/7/16 1.00 0.00 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 VASQUEZ JOSE DIRECTOR 1.00 0.00 X 0 0 0 WEISS JEFFREY DIRECTOR 1.00 0.00 X 0 0 0 WEISS ZEV DIRECTOR, LEFT AS OF 9/7/16 1.00 0.00 X 0 0 0 WILLIAMS THOMAS DIRECTOR 1.00 2.00 X 0 0 0 YOUNG JOHN DIRECTOR 1.00 0.00 X 0 0 0 ZANG ALAN DIRECTOR 1.00 0.00 X 0 0 0 ZENTY THOMAS DIRECTOR 1.00 2.00 X 0 0 0 ITTU YVETTE EVP FINANCE & OPERATIONS 37.00 3.00 X 263285 15737 59711 ROMAN JOSEPH PRESIDENT 35.00 5.00 X 548663 69340 104983 JANIK DEB SVP BUSINESS & R/E DEVL 40.00 0.00 X 230757 0 19530 KIM MEGAN MANAGING VP 40.00 0.00 X 156653 0 24017 MCGANN MARTIN SENIOR VP GOV'T ADVOCACY 40.00 0.00 X 187068 0 38880 FEDERICO PAUL VP INVESTOR DEVELOPMENT 40.00 0.00 X 170149 0 29287 LUCA STEVEN MANAGING VP - CDA 40.00 0.00 X 160717 0 35707 LUTERAN JOHN VP FINANCE 34.00 6.00 X 199541 39315 30229 MARBURY SHANA GENERAL COUNSEL 36.00 4.00 X 190245 16878 15576 MILLARD STEVE - EVP PRODUCTS FNDN & SMALL BUSINESS INITIATIVES 30.00 10.00 X 273298 91099 36971 2380376 232369 394891 18 0 1 0 SQUIRE PATTON BOGGS (US) LLP PO BOX 643051 CINCINNATI OH 45264 GOVERNMENT RELATIONS SERVICES 129988 1 6987780 70358 7058138 PROGRAM REVENUE 900099 3312388 3151004 161384 ADMINISTRATIVE FEES 900099 17043 17043 3329431 672665 672665 16444711 16446408 -1697 -1697 -1697 REIMBURSEMENTS 900099 5500 5500 14380 14380 19880 11078417 3168047 161384 690848 1618401 4395981 160422 589724 245023 42923 98830 213718 864134 118674 180078 57157 568701 148194 716133 793794 47330 SPONSORSHIPS 1604694 MEMBERSHIPS 150493 351778 12966182 1787 1500 2252705 932318 1224437 1160851 708262 500000 455351 313905 6821492 4429694 2999126 2391798 29782893 29926750 1454562 1983715 7803 0 38886926 37210837 1925982 1797650 775809 723211 638454 1131838 3340245 3652699 X 35352357 33288502 194324 269636 35546681 33558138 38886926 37210837 -1887765 -100779 0 X X 0 1 X 1 0 0 0 0 6987780 534635 -370256 164379 768656 -604277 6821492 4429694 2391798 2391798 INVESTMENT IN LIFE INSURANCE POLICY 800003 C INVESTMENT IN ACDF 977516 C INVESTMENT IN JUMPSTART NEXTFUND 206196 C 1983715 DEFERRED COMPENSATION 800003 DEFERRED RENT 331835 1131838 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, 2016 AND 2015, 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, 2013 AND PRIOR. X X X X X 0 1 0 ITTU YVETTE EVP FINANCE & OPERATIONS 230754 13792 30548 1826 1983 119 31460 1880 24884 1487 319629 19104 0 0 ROMAN JOSEPH PRESIDENT 450673 56956 90556 11444 7434 940 74719 9443 18485 2336 641867 81119 0 0 JANIK DEB SVP BUSINESS & R/E DEVL 206066 0 22736 0 1955 0 9307 0 10223 0 250287 0 0 0 KIM MEGAN MANAGING VP 144292 0 11500 0 861 0 6466 0 17551 0 180670 0 0 0 MCGANN MARTIN SENIOR VP GOV'T ADVOCACY 169782 0 16223 0 1063 0 7509 0 31371 0 225948 0 0 0 FEDERICO PAUL VP INVESTOR DEVELOPMENT 143851 0 22584 0 3714 0 7059 0 22228 0 199436 0 0 0 LUCA STEVEN MANAGING VP - CDA 146769 0 13000 0 948 0 6826 0 28881 0 196424 0 0 0 LUTERAN JOHN VP FINANCE 186500 36745 10443 2058 2598 512 8170 1610 17083 3366 224794 44291 0 0 MARBURY SHANA GENERAL COUNSEL 172266 15283 16924 1501 1055 94 7145 634 7162 635 204552 18147 0 0 MILLARD STEVE - EVP PRODUCTS FNDN & SMALL BUSINESS INITIATIVES 235965 78654 35960 11987 1373 458 7950 2650 19778 6593 301026 100342 0 0 PART I, LINE 4B THE PRESIDENT, JOSEPH D. ROMAN, PARTICIPATES IN THE ORGANIZATION'S SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. NO AMOUNT WAS ACTUALLY PAID TO HIM DURING THE YEAR. THE CHANGE IN ACTUARIAL VALUE OF THIS BENEFIT WAS $73,561 FOR 2016. THE EXECUTIVE VICE PRESIDENT OF FINANCE AND OPERATIONS, YVETTE ITTU, PARTICIPATES IN A SUPPLEMENTAL NON-QUALIFIED 457(F) PLAN. IN 2016, THE ORGANIZATION CONTRIBUTED $22,741 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 FOUR (4) 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 BOARD, EXCHANGE, SOCIETY OR ASSOCIATION 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. 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 II, SECTION 8(III), 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 WITH THE IRS. 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 GLOBAL. 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 - APRIL 2015) PROVIDED THAT DIRECT PAY AND INDIRECT PAY PROGRAMS REFLECT MARKET MEDIANS. FORM 990, PART VI, SECTION C, LINE 19 THE GREATER CLEVELAND PARTNERSHIP ARTICLES OF INCORPORATION ARE AVAILABLE FROM THE OFFICE OF THE OHIO SECRETARY OF STATE. NO OTHER GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC. 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. 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 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 2345945 2801812 1.00000 1 GCP SHARED SERVICES INC 1240 HURON ROAD E SUITE 300 CLEVELAND OH 44115 208637606 LEASE MANAGEMENT OH GREATER CLEVELAND PARTNERSHIP C 0.50000 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 1 0 GROUP SERVICES INC N 328929 GROUP SERVICES INC O 892920 ECONOMIC GROWTH FOUNDATION N 338225 ECONOMIC GROWTH FOUNDATION O 972809 ECONOMIC GROWTH FOUNDATION R 972663