Community Improvement Corporation Of Springfield & Clark County Ohio
- Assets
- $8.3m
- Revenue
- $3.6m
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, OH
- Founding
- 02/2010
- Data as of
- 12/2021
- EIN
- 23-7226470
Organization Overview
Community Improvement Corporation Of Springfield & Clark County Ohio is located in Springfield, OH. The organization was established in 2010. According to its NTEE Classification (S30) the organization is classified as: 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. Community Improvement Corporation Of Springfield & Clark County Ohio 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, Community Improvement Corporation Of Springfield & Clark County Ohio generated $3.6m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.2% each year. All expenses for the organization totaled $4.8m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Community Improvement Corporation Of Springfield & Clark County Ohio has awarded 22 individual grants totaling $1,218,096. 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
ECONOMIC DEVELOPMENT OF SPRINGFIELD AND CLARK COUNTY OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT OF SPRINGFIELD AND CLARK COUNTY OHIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Mcdorman President/secretary | OfficerTrustee | 23 | $0 |
Mellanie Flax Wilt Vice Chair | OfficerTrustee | 1 | $0 |
Tom Sothard Chairman | OfficerTrustee | 1 | $0 |
Daren Cotter Treasurer | OfficerTrustee | 1 | $0 |
Lowell Mcglothlin Director | Trustee | 1 | $0 |
John Mckinnon III Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $3,760,909 |
| All other contributions, gifts, grants, and similar amounts not included above | $456,652 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,217,561 |
| Total Program Service Revenue | $185,460 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$907,547 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,552,076 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $204,435 |
| 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 | $367,022 |
| Fees for services: Legal | $12,622 |
| Fees for services: Accounting | $6,560 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,890 |
| Advertising and promotion | $136,535 |
| Office expenses | $10,969 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $284,556 |
| Travel | $6,680 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $27,373 |
| Interest | $297,873 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,369 |
| Insurance | $5,467 |
| All other expenses | $1,764 |
| Total functional expenses | $4,829,849 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,049,556 |
| Savings and temporary cash investments | $13,490 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $338,881 |
| 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 | $22,647 |
| Net Land, buildings, and equipment | $6,910,435 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $8,335,009 |
| Accounts payable and accrued expenses | $175,221 |
| 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 | $1,003,239 |
| Other liabilities | $13,490 |
| Total liabilities | $1,191,950 |
| Net assets without donor restrictions | $7,129,599 |
| Net assets with donor restrictions | $13,460 |
| 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 | $8,335,009 |
Grants Awarded
Over the last fiscal year, Community Improvement Corporation Of Springfield & Clark County Ohio has awarded $199,435 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SPEEDWAY LLC PURPOSE: JOBS OHIO - 629 REIMBURSEMENT | $84,435 |
CHAMPION CITY KINGS PURPOSE: FINANCIAL ASSISTANCE | $80,000 |
Dayton, OH PURPOSE: FINANCIAL ASSISTANCE | $28,000 |
Springfield, OH PURPOSE: FINANCIAL ASSISTANCE | $7,000 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Community Improvement Corporation Of Springfield & Clark County Ohio has recieved totaling $71,438.
| Awarding Organization | Amount |
|---|---|
Wilson Sheehan Foundation Springfield, OH PURPOSE: EXPAND 2024/HOLIDAT IN THE CITY | $25,000 |
Wilson Sheehan Foundation Springfield, OH PURPOSE: EXPAND 2024/HOLIDAT IN THE CITY | $25,000 |
Springfield Foundation Springfield, OH PURPOSE: GENERAL SUPPORT | $21,438 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pidc Financing Corp Philadelphia, PA | $6,556,052 | $18,403,713 |
Visit Indy Inc Indianapolis, IN | $20,981,890 | $14,589,218 |
Purchase Area Development District Inc Mayfield, KY | $0 | $14,269,202 |
The Convention And Visitors Bureau Of Greater Cleveland Inc Cleveland, OH | $25,296,918 | $17,425,666 |
Ridc Regional Growth Fund Pittsburgh, PA | $36,670,171 | $9,947,122 |
Columbus Downtown Development Corporation Columbus, OH | $118,710,723 | $12,117,471 |
Delaware County Economic Development Oversight Board Media, PA | $2,255,958 | $10,697,300 |
Metropolitan Detroit Convention & Vistors Bureau Detroit, MI | $36,765,048 | $14,015,809 |
Alleghenies Planning And Development Commission Altoona, PA | $25,721,818 | $9,986,298 |
Greater Philadelphia Tourism Marketing Corporation Philadelphia, PA | $11,403,385 | $8,019,397 |
Detroit Economic Growth Corp Detroit, MI | $7,209,211 | $10,420,774 |
Lawrence Economic Development Corporation South Point, OH | $62,339,240 | $9,945,474 |