STRATEGY STUDIO / PUBLIC DATA EXPLORER

COMMUNITY IMPROVEMENT CORPORATION OF FOSTORIA OHIO: Form 990, tax year 2015

View the entire original 990 at ProPublica ↗

Organization
COMMUNITY IMPROVEMENT CORPORATION OF FOSTORIA OHIO (EIN 26-3172960)
Tax period
2015-01-01 to 2015-12-31
Filed
2016-08-19
IRS object ID
201642329349300329
Schema version
2015v2.1
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

FieldValueIRS element (for citing)
Return2016-08-19T13:25:49-05:00ReturnTs
Tax Period End2015-12-31TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN341323165PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1FRUTH & COMPANY PLL CPA'SBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1479 W PERRY STAddressLine1Txt
CityTIFFINCityNm
State AbbreviationOHStateAbbreviationCd
ZIP44883ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2015-01-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN263172960EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1COMMUNITY IMPROVEMENT CORPORATIONBusinessNameLine1Txt
Business Name Line2OF FOSTORIA OHIOBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlCOMMBusinessNameControlTxt

US Address USAddress

FieldValueIRS element (for citing)
Address Line1121 NORTH MAIN STREETAddressLine1Txt
CityFOSTORIACityNm
State AbbreviationOHStateAbbreviationCd
ZIP44830ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonRENEE SMITHPersonNm
Person TitlePRESIDENTPersonTitleTxt
Signature2016-08-18SignatureDt

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonPATRICIA M MARGRAF CPAPreparerPersonNm
PTINP00347311PTIN
Phone4194480805PhoneNum
Preparation2016-08-19PreparationDt
FieldValueIRS element (for citing)
Tax2015TaxYr
Build TS2016-12-15 16:53:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerRENEE SMITHPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1121 N MAIN STREETAddressLine1Txt
CityFOSTORIACityNm
State AbbreviationOHStateAbbreviationCd
ZIP44830ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$16,730GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation2010FormationYr
Legal Domicile StateOHLegalDomicileStateCd
Activity Or MissionAS A DUALLY AUTHORIZED COMMUNITY IMPROVEMENT CORPORATION (CIC), THE NOT- FOR-PROFIT CORPORATION HAS BEEN ORGANIZED FOR THE PURPOSE OF ADVANCING, ENCOURAGING, AND PROMOTING THE INDUSTRIAL, ECONOMIC, COMMERCIAL AND RESEARCH DEVELOPMENT OF OUR COMMUNITY AND COUNTY. THE MISSION OF THE CIC IS TO RETAIN, EXPAND AND ATTRACT CAPITAL INVESTMENT AND JOBS TO THE COMMUNITY OF FOSTORIA, OHIO. STRATEGIES USED TO IMPLEMENT OUR MISSION INCLUDE THE USE AND PROMOTIOM OF LOCAL, STATE AND FEDERAL FEDERAL FINACIAL ASSISTANCE, TAX INCENTIVES AND TRAINING/TECHNICAL ASSISTANCD.ActivityOrMissionDesc
Voting Members Governing Body6VotingMembersGoverningBodyCnt
Voting Members Independent6VotingMembersIndependentCnt
Total Employee0TotalEmployeeCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$20,000PYContributionsGrantsAmt
CY Contributions Grants$15,000CYContributionsGrantsAmt
PY Program Service Revenue$1,000PYProgramServiceRevenueAmt
CY Program Service Revenue$0CYProgramServiceRevenueAmt
PY Investment Income$9PYInvestmentIncomeAmt
CY Investment Income$28CYInvestmentIncomeAmt
CY Other Revenue$1,702CYOtherRevenueAmt
PY Total Revenue$21,009PYTotalRevenueAmt
CY Total Revenue$16,730CYTotalRevenueAmt
CY Grants And Similar Paid$4,525CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
CY Salaries Comp Emp Bnft Paid$0CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$284PYOtherExpensesAmt
CY Other Expenses$29,611CYOtherExpensesAmt
PY Total Expenses$284PYTotalExpensesAmt
CY Total Expenses$34,136CYTotalExpensesAmt
PY Revenues Less Expenses$20,725PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$17,406CYRevenuesLessExpensesAmt
Total Assets BOY$55,789TotalAssetsBOYAmt
Total Assets EOY$125,463TotalAssetsEOYAmt
Total Liabilities BOY$30,000TotalLiabilitiesBOYAmt
Total Liabilities EOY$0TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$25,789NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$125,463NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionAS A DUALLY AUTHORIZED COMMUNITY IMPROVEMENT CORPORATION (CIC), THE NOT- FOR-PROFIT CORPORATION HAS BEEN ORGANIZED FOR THE PURPOSE OF ADVANCING, ENCOURAGING, AND PROMOTING THE INDUSTRIAL, ECONOMIC, COMMERCIAL AND RESEARCH DEVELOPMENT OF OUR COMMUNITY AND COUNTY. THE MISSION OF THE CIC IS TO RETAIN, EXPAND AND ATTRACT CAPITAL INVESTMENT AND JOBS TO THE COMMUNITY OF FOSTORIA, OHIO. STRATEGIES USED TO IMPLEMENT OUR MISSION INCLUDE THE USE AND PROMOTIOM OF LOCAL, STATE AND FEDERAL FEDERAL FINACIAL ASSISTANCE, TAX INCENTIVES AND TRAINING/TECHNICAL ASSISTANCD.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$34,121ExpenseAmt
Grant$4,525GrantAmt
DescATTRACTING INVESTMENTDesc
Total Program Service Expenses$34,121TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingfalseCreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentfalseReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsYes (true)ReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnotefalseIncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtfalseConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityfalseRelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document0IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Backup Wthld CompliancefalseBackupWthldComplianceInd
Employee0EmployeeCnt
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members6GoverningBodyVotingMembersCnt
Independent Voting Member6IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersfalseMembersOrStockholdersInd
Election Of Board MembersfalseElectionOfBoardMembersInd
Decisions Subject To ApprovafalseDecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyYes (true)Form990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyfalseConflictOfInterestPolicyInd
Whistleblower PolicyfalseWhistleblowerPolicyInd
Document Retention PolicyfalseDocumentRetentionPolicyInd
Compensation Process CEOfalseCompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
States Where Copy Of Return Is FldOHStatesWhereCopyOfReturnIsFldCd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonEXECUTIVE DIRECTORPersonNm
Phone4194357789PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1121 NORTH MAIN STREETAddressLine1Txt
Address Line2121 NORTH MAIN STREETAddressLine2Txt
CityFOSTORIACityNm
State AbbreviationOHStateAbbreviationCd
ZIP44830ZIPCd
FieldValueIRS element (for citing)
No Listed Persons CompensatedYes (X)NoListedPersonsCompensatedInd

Form990 Part VII Section A Form990PartVIISectionAGrp (6 entries)

TitleTitleTxtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtOfficerOfficerInd
STEVE GARNER
TRUSTEEYes (X)$0$0$0
ERIC KECKLER
TRUSTEEYes (X)$0$0$0
RENEE SMITH
PRESIDENT$0$0$0Yes (X)
BRIDGETT MUNDY
VICE PRESIDE$0$0$0Yes (X)
RONALD BURNS
TREASURER$0$0$0Yes (X)
CHRIS IANNANTUONO
SECRETARY$0$0$0Yes (X)
FieldValueIRS element (for citing)
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
All Other Contributions$15,000AllOtherContributionsAmt
Total Contributions$15,000TotalContributionsAmt

Investment Income InvestmentIncomeGrp

FieldValueIRS element (for citing)
Total Revenue Column$28TotalRevenueColumnAmt
Related Or Exempt Func Income$28RelatedOrExemptFuncIncomeAmt

Other Revenue Misc OtherRevenueMiscGrp

FieldValueIRS element (for citing)
DescREAL ESTATE TAX REIMBURSEMENTDesc
Total Revenue Column$1,702TotalRevenueColumnAmt
Exclusion$1,702ExclusionAmt
FieldValueIRS element (for citing)
Other Revenue Total$1,702OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$16,730TotalRevenueColumnAmt
Related Or Exempt Func Income$28RelatedOrExemptFuncIncomeAmt
Exclusion$1,702ExclusionAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$4,525TotalAmt
Program Services$4,525ProgramServicesAmt

Other Expenses OtherExpensesGrp (4 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmt
UNDERPASS PROJECT$14,430$14,430
DOWNTOWN FACADE PROGRAM$14,201$14,201
REAL ESTATE TAXES$560$560
DUE AND SUBSCRIPTIONS$300$300

All Other Expenses AllOtherExpensesGrp

FieldValueIRS element (for citing)
Total$120TotalAmt
Program Services$105ProgramServicesAmt
Management And General$15ManagementAndGeneralAmt

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$34,136TotalAmt
Program Services$34,121ProgramServicesAmt
Management And General$15ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$55,789BOYAmt
EOY$8,383EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
EOY$117,080EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$55,789BOYAmt
EOY$125,463EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$30,000BOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$30,000BOYAmt
EOY$0EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$25,789BOYAmt
EOY$125,463EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$25,789BOYAmt
EOY$125,463EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$55,789BOYAmt
EOY$125,463EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$17,406ReconcilationRevenueExpnssAmt
Other Changes In Net Assets$117,080OtherChangesInNetAssetsAmt
Method Of Accounting CashYes (X)MethodOfAccountingCashInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedfalseFSAuditedInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$16,600CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year$20,000CurrentTaxYearMinus1YearAmt
Current Tax Year$15,000CurrentTaxYearAmt
Total$51,600TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus3 Years$16,600CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus1 Year$20,000CurrentTaxYearMinus1YearAmt
Current Tax Year$15,000CurrentTaxYearAmt
Total$51,600TotalAmt
FieldValueIRS element (for citing)
Public Support Total170$51,600PublicSupportTotal170Amt

Other Income170 OtherIncome170Grp

FieldValueIRS element (for citing)
Current Tax Year$1,702CurrentTaxYearAmt
Total$1,702TotalAmt
FieldValueIRS element (for citing)
Total Support$53,302TotalSupportAmt
Gross Receipts Rltd Activities$28GrossReceiptsRltdActivitiesAmt
Public Support CY1700.96810PublicSupportCY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

Other Assets Org OtherAssetsOrgGrp

FieldValueIRS element (for citing)
DescREAL ESTATE HELD FOR FUTURE SALE/USEDesc
Book Value$117,080BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Other Assets$117,080TotalBookValueOtherAssetsAmt

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (4 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONAS A DUALLY AUTHORIZED COMMUNITY IMPROVEMENT CORPORATION (CIC), THE NOT- FOR-PROFIT CORPORATION HAS BEEN ORGANIZED FOR THE PURPOSE OF ADVANCING, ENCOURAGING, AND PROMOTING THE INDUSTRIAL, ECONOMIC, COMMERCIAL AND RESEARCH DEVELOPMENT OF OUR COMMUNITY AND COUNTY. THE MISSION OF THE CIC IS TO RETAIN, EXPAND AND ATTRACT CAPITAL INVESTMENT AND JOBS TO THE COMMUNITY OF FOSTORIA, OHIO. STRATEGIES USED TO IMPLEMENT OUR MISSION INCLUDE THE USE AND PROMOTIOM OF LOCAL, STATE AND FEDERAL FEDERAL FINACIAL ASSISTANCE, TAX INCENTIVES AND TRAINING/TECHNICAL ASSISTANCD.
FORM 990, PAGE 6, PART VI, LINE 11BA COPY OF THE FORM 990 IS PROVIDED TO THE PRESIDENT FOR REVIEW AND APPROVAL PRIOR TO THE FILING OF THE RETURN.
FORM 990, PAGE 6, PART VI, LINE 19GOVERNING DOCUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
FORM 990, PART XI, LINE 9REAL ESTATE DONATED OR PURCHASED IN PRIOR YEARS 117,080 TOTAL 117,080