North Canton Community Improvement Corporation
- Assets
- $7.4m
- Revenue
- $4.2m
- Investments
- $0.0
- Employees
- 0
- Location
- North Canton, OH
- Founding
- Data as of
- 12/2022
- EIN
- 36-4746128
Organization Overview
North Canton Community Improvement Corporation is located in North Canton, OH. 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. North Canton Community Improvement Corporation 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 12/2022, North Canton Community Improvement Corporation generated $4.2m in total revenue. All expenses for the organization totaled $801.3k during the year ending 12/2022. While expenses have increased by 355.2% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO ADVANCE, ENCOURAGE AND PROMOTE THE INDUSTRIAL, ECONOMIC COMMERCIAL, AND CIVIC DEVELOPMENT OF THE CITY OF NORTH CANTON.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ADVANCE, ENCOURAGE AND PROMOTE INDUSTRIAL, ECONOMIC, COMMERCIAL AND CIVIC DEVELOPMENT OF THE CITY OF NORTH CANTON.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stephan Wilder President | Trustee | 1 | $0 |
Matthew Stroia Vice-President | Trustee | 1 | $0 |
Daryl Revoldt Member | Trustee | 1 | $0 |
Jon Zepp Member | Trustee | 1 | $0 |
Ryan Grosschmidt Member | Trustee | 1 | $0 |
Tim Mcmort Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,061,167 |
| All other contributions, gifts, grants, and similar amounts not included above | $13,454 |
| Noncash contributions included in lines 1a–1f | $3,846,167 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,074,621 |
| Total Program Service Revenue | $0 |
| Investment income | $1,023 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $72,067 |
| Net Gain/Loss on Asset Sales | $12,846 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,160,557 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $386,506 |
| Fees for services: Legal | $0 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $29,037 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $21,385 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $30,552 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $801,336 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,323,298 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $12,962 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $3,806,763 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $2,226,278 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $7,374,301 |
| Accounts payable and accrued expenses | $14,201 |
| 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 | $577,389 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,223,850 |
| Total liabilities | $1,815,440 |
| Net assets without donor restrictions | $5,558,861 |
| 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 | $7,374,301 |