2025-11-13T12:01:13-06:00 2024-12-31 420714325 RSM US LLP 6 S Patterson Blvd Dayton OH 45402 990 2024-01-01 346528498 Cleveland Development Foundation CLEV 2166213300 1240 Huron Road E 300 Cleveland OH 44115 Yvette M Ittu Exec VP - Finance & Operations 2166213300 2025-11-12 1 1 Karen O Crim P00368385 9372980201 2025-11-12 2024 2025-03-06 01:10:19Z Baiju Shah 1240 Huron Road E 300 Cleveland OH 44115 35053 0 X N/A X 1954 OH Developing and improving Cleveland's civic visions. 25 25 0 27 0 0 40000 21000 22000 0 0 14053 0 0 62000 35053 0 0 0 0 0 0 0 0 0 46358 62062 46358 62062 15642 -27009 536822 405423 490210 385820 46612 19603 Developing and improving Cleveland Ohio's civic visions. 0 0 57897 0 0 Educating local officials and business members on Federal Public Policy. In June, the Cleveland Development Foundation, through its parent organization, Greater Cleveland Partnership, hosted more than 100 local leaders for its annual Washington, D.C. Fly-In. Held in collaboration with regional mayoral associations, the Empowering Local Leadership conference convened elected officials, business leaders, and civic partners to strengthen connections with federal policymakers. Participants engaged in policy briefings at the White House and Capitol Hill, met with Members of Congress and agency officials, and explored opportunities to align local priorities with federal resources. The event concluded with a bipartisan reception recognizing the support of Ohio's Members of Congress. 57897 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 0 0 0 0 0 0 0 X 25 25 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 300 Cleveland OH 44115 Dolan Paul Chair 2.00 4.00 X X 0 0 0 Taylor Jr Eddie Secretary 2.00 4.00 X X 0 0 0 Richardson Sean Treasurer 2.00 4.00 X X 0 0 0 Arnold Craig Director 1.00 2.00 X 0 0 0 Barlage Nic Director 1.00 2.00 X 0 0 0 Cavoli James Director 1.00 2.00 X 0 0 0 Connell Michele Director 1.00 2.00 X 0 0 0 Cosgrove Bill Director 1.00 2.00 X 0 0 0 De Wagheneire Severine Director 1.00 2.00 X 0 0 0 Evans Taylor Director 1.00 2.00 X 0 0 0 Glass Steven Director 1.00 2.00 X 0 0 0 Gorman Christopher Director 1.00 2.00 X 0 0 0 Harmon Brad Director 1.00 2.00 X 0 0 0 Haslam Dee Director 1.00 2.00 X 0 0 0 Johnson Kevin Director 1.00 2.00 X 0 0 0 Kaler Eric Director 1.00 2.00 X 0 0 0 Liebert Rebecca Director 1.00 2.00 X 0 0 0 Opsitnick Timothy Director 1.00 2.00 X 0 0 0 Parmentier Jennifer Director 1.00 2.00 X 0 0 0 Pastore Patrick Director 1.00 2.00 X 0 0 0 Perez Cheryl Director 1.00 2.00 X 0 0 0 Petz Heidi Director 1.00 2.00 X 0 0 0 Read Deborah Director until 8/1/24 1.00 2.00 X 0 0 0 Restivo Neal Director 1.00 2.00 X 0 0 0 Stanek Michael Director until 2/1/24 1.00 2.00 X 0 0 0 Tierney Brian Director 1.00 2.00 X 0 0 0 Whiting Vanessa Director 1.00 2.00 X 0 0 0 Shah Baiju President & CEO 1.00 39.00 X 0 691889 54375 Ittu Yvette EVP Finance & Operations 1.00 39.00 X 0 406571 35169 0 1098460 89544 0 0 1 0 0 4000 17000 21000 14053 14053 35053 0 0 14053 X 4085 4085 28000 28000 1998 1998 260 180 80 335 335 6576 6576 20808 20808 62062 57897 4165 0 508943 405419 27808 4 71 0 536822 405423 32347 8000 457863 377820 490210 385820 X 592 4361 46020 15242 46612 19603 536822 405423 -27009 0 X X 0 1 X 1 0 X 15000 0 0 40000 21000 76000 15000 40000 21000 76000 21194 54806 0 0 0 0 14053 14053 90053 22000 0.60860 0.70260 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 2024, CDF received $2,500 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, 2024 and 2023, 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. 0 1 0 0 0 0 0 0 0 Shah Baiju President & CEO 0 563159 0 123700 0 5030 0 17020 0 37355 0 746264 0 0 Ittu Yvette EVP Finance & Operations 0 329772 0 43100 0 33699 0 7042 0 28127 0 441740 0 28915 Part I, Line 1a Salaries of CDF staff have been subjected to review by a compensation committee created by its parent, 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 2024) provided that direct pay and indirect pay programs reflect market medians. Part I, Line 3 Compensation for the CEO is determined by Greater Cleveland Partnership, a related organization, using the following methods: - Compensation committee - Independent compensation consultant - Form 990 of other organizations - Compensation survey or study - Approval by the board or compensation committee Part I, Line 4b The Executive Vice President of Finance and Operations, Yvette Ittu, participates in a supplemental non-qualified 457(f) plan. In 2024, Greater Cleveland Partnership, the parent organization, contributed $13,720 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 Organization are expected to maintain the highest ethical standards in conducting the business of the Organization. The board and staff conflict of interest policies are intended to provide clear guidance to ensure that the Organization'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, Inc. The disinterested members of the GCP Executive Committee shall make a determination as to whether a conflict exists and what subsequent action, if any, is appropriate. The GCP Executive Committee shall inform the Board of such determination and action. The Board shall retain the right to modify or reverse such determination and action, and shall retain the ultimate enforcement authority with respect to the interpretation and application of this policy. The CEO, or his/her designee shall make a determination regarding staff members as to whether a conflict exists and what subsequent action, if any, is appropriate. Any violation of the staff policy will subject the employee to discipline, up to and including, immediate discharge. When questions arise concerning any aspect of this policy, or to report violations, employees should contact the human resources department or the confidential and independent 24-hour helpline provider, NAVEX Global, Inc. Form 990, Part VI, Section B, line 15 Salaries of CDF staff have been subjected to review by a compensation committee created by its parent, 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 2024) provided that direct pay and indirect pay programs reflect market medians. All compensation and benefits information reported on this return is paid by the Greater Cleveland Partnership (GCP) to employees of that organization who split their time among GCP and several related organizations. Allocations have been made between the filing organization and two related organizations to, more accurately, report compensation and benefit expenses applicable to each organization. Form 990, Part VI, Section C, line 19 A copy of the governing documents, conflict of interest policy and financial statements are available upon request for the same period of disclosure as set forth in IRC Section 6104(d). Form 990, Part IX, line 11g Consulting Services: Program service expenses 28,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 28,000. 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 Rd E Suite 300 Cleveland OH 44115 341402329 Small business access to affordable/quality group insurance OH N/A C 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0