Cleveland Owns
- Assets
- $169.3k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 1
- Location
- Cleveland, OH
- Founding
- 04/2019
- Data as of
- 12/2023
- EIN
- 36-4929660
Organization Overview
Cleveland Owns is located in Cleveland, OH. The organization was established in 2019. 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. Cleveland Owns 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 12/2023, Cleveland Owns generated $90.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (40.7%) each year. All expenses for the organization totaled $158.0k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
CLEVELAND OWNS IS AN ECONOMIC DEMOCRACY INCUBATOR THAT LAUNCHES COOPERATIVE BUSINESSES AND ORGANIZES CAMPAIGNS FOR COMMUNITY CONTROL OF RESOURCES.
Describe the Organization's Program Activity:
Part 3
CLEVELAND OWNS CONTINUED TO DEVELOP SOLAR CO-OPS IN 2022, GROWING THE MEMBERSHIP BASE OF CLEVELAND SOLAR COOPERATIVE TO 35 FROM 20 MEMBER-OWNERS PREPARED A BUSINESS PLAN FOR THE BC BLOCK CLUB COMMUNITY SOLAR GARDEN HELP CRAFT SOLAR-THEMED PROGRAMMING FOR THE ENERGY DEMOCRACY PROJECT, AND CREATED JOINED OTHER GRASSROOTS GROUPS IN FORMING PEOPLES SOLAR ENERGY FUND
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mordecai Cargill Board President | 2 | $0 | |
Michael Robinson Board Treasurer | 1.5 | $0 | |
Deborah Lewis Member | 1 | $0 | |
Adam King Member | 1 | $0 | |
Indigo Bishop Member | 1 | $0 | |
Mike Russell Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $73,856 |
| Total Program Service Revenue | $13,984 |
| Membership dues | $0 |
| Investment income | $2,935 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $90,775 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $88,294 |
| Professional fees and other payments to independent contractors | $37,053 |
| Occupancy, rent, utilities, and maintenance | $1,200 |
| Printing, publications, postage, and shipping | $200 |
| Other expenses | $31,282 |
| Total expenses | $158,029 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $169,335 |
| Other assets | $0 |
| Total assets | $169,335 |
| Total liabilities | $3,254 |
| Net assets or fund balances | $166,081 |