Cincinnati Regional Business Committee
- Assets
- $856.0k
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 04/2015
- Data as of
- 12/2021
- EIN
- 46-0893681
Organization Overview
Cincinnati Regional Business Committee is located in Cincinnati, OH. The organization was established in 2015. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, 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. Cincinnati Regional Business Committee is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Cincinnati Regional Business Committee generated $1.4m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 5.0% per year over the past 7 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.
Since 2014, Cincinnati Regional Business Committee has awarded 51 individual grants totaling $3,636,750. 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
THE CINCINNATI REGIONAL BUSINESS COMMITTEE (CRBC) EXISTS TO IGNITE AND ACCELERATE TRANSFORMATIONAL CHANGE IN THE GREATER CINCINNATI COMMUNITY, LEVERAGING THE UNIQUE ASSETS, LEADERSHIP AND COLLECTIVE RESOURCES OF BUSINESS EXECUTIVES TO HAVE LONG-TERM POSITIVE IMPACT FOR SUSTAINABLE GROWTH AND REGIONAL PROSPERITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CINCINNATI REGIONAL BUSINESS COMMITTEE INVESTED IN SEVERAL KEY PROJECTS RELATED TO ITS AREAS OF FOCUS OF ECONOMIC DEVELOPMENT, EDUCATION, AND GOVERNMENT AFFAIRS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tim Fogarty Co-Chair (part Year) | OfficerTrustee | 1 | $0 |
George Vincent Co-Chair (part-Year) | OfficerTrustee | 1 | $0 |
Mel Gravely Co-Chair | OfficerTrustee | 1 | $0 |
Kevin Hughes Vice Chair (part-Year) | OfficerTrustee | 1 | $0 |
Albert Smitherman Secretary (part-Year) | OfficerTrustee | 1 | $0 |
Kevin Mcdonnell Treasurer (part-Year) | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,400,000 |
| Investment income | $60 |
| 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 | $1,400,060 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $669,084 |
| 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 | $634,860 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $14,293 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $85,184 |
| Advertising and promotion | $0 |
| Office expenses | $4,639 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $51,252 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,459,312 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $455,026 |
| Savings and temporary cash investments | $400,966 |
| Pledges and grants receivable | $0 |
| 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 | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $855,992 |
| Accounts payable and accrued expenses | $69,576 |
| Grants payable | $0 |
| Deferred revenue | $134,000 |
| 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 | $203,576 |
| Net assets without donor restrictions | $652,416 |
| 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 | $855,992 |
Grants Awarded
Over the last fiscal year, Cincinnati Regional Business Committee has awarded $665,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Cincinnati, OH PURPOSE: TO FURTHER THE ORGANIZATION'S PURPOSE. | $200,000 |
Cincinnati, OH PURPOSE: SUPPORT EFFORTS TO BRING 2026 WORLD CUP TO CINCINNATI | $75,000 |
Cincinnati, OH PURPOSE: TO FURTHER THE ORGANIZATIONS PURPOSE. | $75,000 |
Cincinnati, OH PURPOSE: TO FURTHER THE ORGANIZATIONS PURPOSE. | $75,000 |
Boston, MA PURPOSE: TO FURTHER THE ORGANIZATION'S PURPOSE. | $60,000 |
KEEP CINCINNATI SAFE PURPOSE: OPPOSITION OF ISSUE 3 -IMPACTING HOUSING AND PUBLIC SAFETY, HEALTH, AND SOCIAL SERVICES | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Automation Alley Troy, MI | $10,050,141 | $14,162,417 |
Pennsylvania Compensation Rating Bureau Philadelphia, PA | $10,444,965 | $13,500,527 |
Can Do Inc Hazleton, PA | $88,120,031 | $19,938,198 |
York County Economic Alliance York, PA | $4,435,375 | $9,671,986 |
Bridgeway Capital Inc Pittsburgh, PA | $100,800,088 | $11,446,748 |
International Automotive Oversight Bureau Southfield, MI | $23,323,319 | $7,456,066 |
Altoona-Blair County Development Corporation Altoona, PA | $122,969,142 | $33,416,279 |
Greater Wilkes-Barre Industrial Fund Inc Wilkesbarre, PA | $1,685,287 | $7,409,722 |
Ohio Community Development Finance Fund Columbus, OH | $57,278,842 | $7,712,446 |
Cincinnati Better Business Bureau Inc Cincinnati, OH | $1,847,305 | $4,143,788 |
Battle Creek Unlimited Inc Battle Creek, MI | $30,442,185 | $6,639,976 |
Uptown Reinvestment Corporation Inc Flint, MI | $86,466,656 | $7,223,856 |