The Columbus Partnership
- Assets
- $3.7m
- Revenue
- $3.4m
- Investments
- $100.0k
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 03/2003
- Data as of
- 12/2021
- EIN
- 02-0580058
Organization Overview
The Columbus Partnership is located in Columbus, OH. The organization was established in 2003. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Columbus Partnership is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Columbus Partnership generated $3.4m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (6.8%) each year. All expenses for the organization totaled $3.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (8.0%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Columbus Partnership has awarded 19 individual grants totaling $1,889,370. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
SEE SCHEDULE O FOR A DESCRIPTION OF THE ORGANIZATION'S MISSION AND MOST SIGNIFICANT ACTIVITIES: ECONOMIC DEVELOPMENT AND CIVIC ADVOCACY: TO ENGAGE IN THE CONDUCT OF INVESTIGATIONS AND STUDIES AND TO DEVELOP PLANS, PROGRAMS AND ACTIONS TO BE UNDERTAKEN IN THE GREATER COLUMBUS AREA TO SECURE ITS LONG-TERM, BROAD-BASED VITALITY AND PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT. INVESTIGATION AND STUDY OF VARIOUS AREAS OF NEED FOR THE DEVELOPMENT OF PLANS AND PROGRAMS TO BE UNDERTAKEN.
OTHER PROJECTS - THE ORGANIZATION TAKES ON VARIOUS SHORT-TERM PROJECTS FROM TIME TO TIME WHICH ARE OF IMMEDIATE AND/OR TRANSIENT INTEREST. IF A PROJECT IS NOT SUFFICIENTLY WELL-DEFINED IN TIME OR PURPOSE, IT FALLS WITHIN THIS CATEGORY.
EDUCATION - INVESTIGATION AND STUDY OF VARIOUS AREAS NEEDED FOR THE DEVELOPMENT OF PLANS AND PROGRAMS TO BE UNDERTAKEN TO IMPROVE URBAN EDUCATION IN SUPPORT OF ECONOMIC DEVELOPMENT ACTIVITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steve Steinour Co-Chairman | OfficerTrustee | 1 | $0 |
Alex Shumate ESQ Secretary (thru 12/2021) | OfficerTrustee | 1 | $0 |
Nicholas K Akins Co-Chairman | OfficerTrustee | 1 | $0 |
Mark Howard Treasurer | OfficerTrustee | 1 | $0 |
Sean Grant Chief Administrative Offic | Officer | 20 | $0 |
Mark Patton Vice President, New Business Ventures | Officer | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $660,000 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $500,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,193,140 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,353,140 |
| Total Program Service Revenue | $0 |
| Investment income | $125 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,353,265 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $237,650 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,304 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $71,164 |
| Advertising and promotion | $78,457 |
| Office expenses | $87,178 |
| Information technology | $44,445 |
| Royalties | $0 |
| Occupancy | $91,630 |
| Travel | $4,056 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $8,374 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,063 |
| Insurance | $10,025 |
| All other expenses | $18,715 |
| Total functional expenses | $3,249,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,521,878 |
| Pledges and grants receivable | $816,736 |
| Accounts receivable, net | $299,724 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $48,258 |
| Net Land, buildings, and equipment | $950,016 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $100,000 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,736,612 |
| Accounts payable and accrued expenses | $445,630 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $445,630 |
| Net assets without donor restrictions | $3,290,982 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $3,736,612 |
Grants Awarded
Over the last fiscal year, The Columbus Partnership has awarded $180,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Columbus, OH PURPOSE: GENERAL FUND | $150,000 |
Columbus, OH PURPOSE: GENERAL FUND | $30,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that The Columbus Partnership has recieved totaling $618,100.
| Awarding Organization | Amount |
|---|---|
Columbus Foundation Columbus, OH PURPOSE: URBAN AFFAIRS | $363,100 |
L Brands Foundation Columbus, OH PURPOSE: URBAN AFFAIRS | $150,000 |
Meuse Family Foundation Columbus, OH PURPOSE: URBAN AFFAIRS | $55,000 |
Columbus Foundation Columbus, OH PURPOSE: HEALTH | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Harristown Development Corporation Harrisburg, PA | $29,766,695 | $19,028,512 |
The Center Of Workforce Innovations Inc Valparaiso, IN | $2,958,255 | $14,608,336 |
Community Action Of South Eastern West Virginia Bluefield, WV | $9,324,400 | $12,779,130 |
Cintrifuse Cincinnati, OH | $9,097,086 | $17,758,065 |
Walnut Hills Redevelopment Foundation Inc Cincinnati, OH | $7,399,538 | $1,025,062 |
Midtown Detroit Inc Detroit, MI | $6,098,841 | $4,938,478 |
Pittsburgh Downtown Partnership Pittsburgh, PA | $5,197,454 | $6,457,703 |
Bellvue Gardens Community Urban Redevelopment Corporation Cincinnati, OH | $29,237,042 | $3,964,847 |
Detriot Economic Growth Association Detroit, MI | $6,651,865 | $5,567,044 |
Enterprise Center Philadelphia, PA | $14,775,584 | $14,297,548 |
Pidc Community Capital Philadelphia, PA | $51,592,924 | $9,506,766 |
Downtown Cleveland Improvementcorporation Cleveland, OH | $5,269 | $4,399,889 |