University Circle Incorporated
- Assets
- $141.8m
- Revenue
- $18.5m
- Investments
- $20.9m
- Employees
- 74
- Location
- Cleveland, OH
- Founding
- 08/1958
- Data as of
- 06/2021
- EIN
- 34-0823464
Organization Overview
University Circle Incorporated is located in Cleveland, OH. The organization was established in 1958. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2021, University Circle Incorporated employed 74 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.
For the year ending 06/2021, University Circle Incorporated generated $18.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 7.9% each year. All expenses for the organization totaled $16.8m during the year ending 06/2021. While expenses have increased by 6.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
UNIVERSITY CIRCLE INCORPORATED BUILDS A COMMUNITY EXPERIENCE THAT CONNECTS ALL PEOPLE WITH CLEVELAND'S CENTER OF CULTURE, HEALING AND LEARNING. OUR VISION IS OF UNIVERSITY CIRCLE THAT IS A VIBRANT AND COMPLETE NEIGHBORHOOD WITHOUT BORDERS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PUBLIC SAFETY - THE UNIVERSITY CIRCLE POLICE DEPARTMENT (UCPD) IS A PRIVATE POLICE FORCE CONSISTING OF APPROXIMATELY TWENTY-FIVE COMMISSIONED LAW OFFICERS WHICH SERVES THE PUBLIC IN THE UNIVERSITY CIRCLE AREA PURSUANT TO LAW ENFORCEMENT AUTHORITY GRANTED BY STATE LAW. UCPD WORKS CLOSELY WITH THE CLEVELAND POLICE DEPARTMENT, THE CASE WESTERN RESERVE UNIVERSITY POLICE DEPARTMENT, UNIVERSITY HOSPITALS POLICE DEPARTMENT, AND OTHER UNIVERSITY CIRCLE INSTITUTIONAL SECURITY FORCES TO PROVIDE FOR PUBLIC SAFETY AND SECURITY. IN ADDITION TO THE WORK OF THE UCPD, UNIVERSITY CIRCLE LAUNCHED PROJECT YIELD, A COMMUNITY-DRIVEN PEDESTRIAN SAFETY INITIATIVE THAT INCLUDES ENHANCED DATA COLLECTION, INCREASED PUBLIC AWARENESS, AND INFRASTRUCTURE IMPROVEMENTS. THANKS TO THESE COLLABORATIVE EFFORTS, UNIVERSITY CIRCLE IS STATISTICALLY ONE OF SAFEST NEIGHBORHOODS IN THE CITY OF CLEVELAND.
PROPERTY MANAGEMENT - UNIVERSITY CIRCLE INCORPORATED IS AN IMPLEMENTING AGENT OF THE LAND BANK CONCEPT WHEREBY REAL ESTATE SITUATED WITHIN UNIVERSITY CIRCLE AND ITS SURROUNDING NEIGHBORHOODS MAY BE ACQUIRED AND HELD UNTIL ITS REUSE OR DEVELOPMENT OCCURS. REAL ESTATE IS USED OR HELD FOR VARIOUS PURPOSES, INCLUDING INCOME PRODUCTION AND SALE TO MEMBER INSTITUTIONS AND OTHER BUSINESSES AND ORGANIZATIONS OPERATING IN THE GREATER UNIVERSITY CIRCLE AREA IN A MANNER WHICH FURTHER CHARITABLE PURPOSES, URBAN RENEWAL, COMBATS COMMUNITY DETERIORATION, FOSTERS ECONOMIC DEVELOPMENT OR DEDICATION, WITH ITS USE AND DISPOSITION DETERMINED WITHIN THE CONTEXT OF UNIVERSITY CIRCLE INCORPORATED'S CHARITABLE MISSION. IN THIS CAPACITY, UNIVERSITY CIRCLE INCORPORATED UNDERTAKES ECONOMIC DEVELOPMENT INITIATIVES AND PROVIDES PROPERTY OPERATIONS, INCLUDING COMMERCIAL AND RESIDENTIAL RENTAL, AND INFRASTRUCTURE IMPROVEMENTS IN THE GREATER UNIVERSITY CIRCLE AREA.
PARKING - AS THE SECOND LARGEST EMPLOYMENT DISTRICT IN NORTHEASTERN OHIO AND A DESTINATION FOR THREE MILLION ANNUAL VISITORS, UNIVERSITY CIRCLE INCORPORATED'S PARKING PROGRAM IS CRITICAL TO THE DAILY INFLUX AND EGRESS OF MOTOR VEHICLES. UNIVERSITY CIRCLE INCORPORATED OWNS AND LEASES PARKING FACILITIES COMPRISING APPROXIMATELY 5,860 PARKING SPACES FOR PUBLIC USE. THE PROGRAM IS OPERATED THROUGH A PARTNERSHIP WITH A LOCAL PROVIDER OF PROFESSIONAL PARKING, GROUND TRANSPORTATION, FACILITY MAINTENANCE, SECURITY AND EVENT LOGISTICS SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mr Christopher S Ronayne President | OfficerTrustee | 50 | $231,885 |
Mrs Debbie Berry VP Of Real Estate | Officer | 45 | $150,495 |
Mr Dean M Parker VP Of Finance & Admin | Officer | 45 | $148,479 |
Mrs Laura Kleinman VP Of Services | Officer | 45 | $119,478 |
Mr Greg Deegan Director Of Community Education | 45 | $110,304 | |
Ms Michele L Connell Vice Chair Of Uci Board | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morgan Stanley Smith Barney Llc Investment Management Fees | 6/29/21 | $101,711 |
Lovelace Construction Inc General Construction, Maint., & Repairs | 6/29/21 | $162,162 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $139,237 |
| Government grants | $1,889,740 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,493,868 |
| Noncash contributions included in lines 1a–1f | $56,022 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,522,845 |
| Total Program Service Revenue | $11,673,182 |
| Investment income | $446,504 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,560,386 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,540,928 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $25,655 |
| Grants and other assistance to domestic individuals. | $24,162 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $905,646 |
| Compensation of current officers, directors, key employees. | $257,761 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,303,747 |
| Pension plan accruals and contributions | $256,988 |
| Other employee benefits | $858,057 |
| Payroll taxes | $308,082 |
| Fees for services: Management | $99,336 |
| Fees for services: Legal | $62,117 |
| Fees for services: Accounting | $44,000 |
| Fees for services: Lobbying | $30,000 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $115,560 |
| Fees for services: Other | $386,161 |
| Advertising and promotion | $133,930 |
| Office expenses | $62,035 |
| Information technology | $128,639 |
| Royalties | $0 |
| Occupancy | $915,085 |
| Travel | $46,844 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $30,606 |
| Interest | $3,656,847 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,845,647 |
| Insurance | $429,608 |
| All other expenses | $0 |
| Total functional expenses | $16,795,905 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $596,749 |
| Savings and temporary cash investments | $13,285,761 |
| Pledges and grants receivable | $1,695,948 |
| Accounts receivable, net | $525,862 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $851,411 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $75,358 |
| Net Land, buildings, and equipment | $95,036,192 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $20,932,703 |
| Investments—program-related | $7,864,722 |
| Intangible assets | $0 |
| Other assets | $957,928 |
| Total assets | $141,822,634 |
| Accounts payable and accrued expenses | $5,118,257 |
| Grants payable | $0 |
| Deferred revenue | $827,350 |
| Tax-exempt bond liabilities | $85,200,234 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,583,319 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,359,281 |
| Total liabilities | $96,088,441 |
| Net assets without donor restrictions | $18,842,571 |
| Net assets with donor restrictions | $26,891,622 |
| 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 | $141,822,634 |
Grants Awarded
Over the last fiscal year, University Circle Incorporated has awarded $36,094 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Cleveland, OH PURPOSE: ADMISSIONS | $11,745 |
Cleveland, OH PURPOSE: ADMISSIONS | $9,841 |
Cleveland, OH PURPOSE: ADMISSIONS | $9,290 |
Cleveland, OH PURPOSE: ADMISSIONS | $5,218 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that University Circle Incorporated has recieved totaling $45,200.
| Awarding Organization | Amount |
|---|---|
Louise H And David S Ingalls Foundation Inc Shaker Heights, OH PURPOSE: EDUCATIONAL | $10,000 |
The Andrews Foundation Beachwood, OH PURPOSE: GENERAL SUPPORT | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $10,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: GENERAL SUPPORT | $10,000 |
Sears-Swetland Family Foundation Bratenahl, OH PURPOSE: SOCIAL SERVICES | $5,000 |
The@richard And Marcy Horvitz Foundation Orange Village, OH PURPOSE: GENERAL & UNRESTRICTED | $100 |
Endowment Analysis
| Beg. Balance | $19,982,264 |
| Earnings | $6,380,158 |
| Admin Expense | $96,659 |
| Net Contributions | $126,496 |
| Other Expense | $955,000 |
| Ending Balance | $25,437,259 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Urban Affairs Coalition Philadelphia, PA | $21,049,214 | $46,000,481 |
Lexington Center Corporation Lexington, KY | $359,926,813 | $24,608,900 |
Wayne-Metropolitan Community Action Agency Detroit, MI | $13,851,849 | $36,408,010 |
Reinvestment Fund Inc Philadelphia, PA | $568,646,996 | $38,375,216 |
Hocking-Athens Perry Community Action Glouster, OH | $16,021,582 | $25,305,662 |
Capital Area Community Services Inc Lansing, MI | $4,810,739 | $25,236,809 |
Jumpstart Inc Cleveland, OH | $78,465,079 | $26,023,957 |
Indianapolis Foundation Inc Indianapolis, IN | $306,838,083 | $29,549,115 |
Blueprints Washington, PA | $9,542,152 | $23,150,876 |
Akron Summit Community Action Agency Akron, OH | $5,107,503 | $19,651,573 |
Corporation For Ohio Appalachian Development Athens, OH | $5,728,407 | $20,000,133 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,136,544 | $18,365,746 |