Mortar Cincinnati
- Assets
- $3.6m
- Revenue
- $2.1m
- Investments
- $0.0
- Employees
- 11
- Location
- Cincinnati, OH
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 47-2431620
Organization Overview
Mortar Cincinnati is located in Cincinnati, OH. The organization was established in 2014. According to its NTEE Classification (J19) the organization is classified as: Support N.E.C., under the broad grouping of Employment and related organizations. As of 12/2021, Mortar Cincinnati employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mortar Cincinnati 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, Mortar Cincinnati generated $2.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 45.0% each year . All expenses for the organization totaled $1.1m during the year ending 12/2021. While expenses have increased by 46.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO ENABLE UNDER-SERVED ENTREPRENEURS AND BUSINESSES TO SUCCEED; CREATING OPPORTUNITIES TO BUILD COMMUNITIES THROUGH ENTREPRENEURSHIP.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MORTAR CINCINNATI AIMS TO CREATE DIVERSE COMMUNITIES BY ENABLING HISTORICALLY MARGINALIZED ENTREPRENEURS TO ACCESS THE RESOURCES NEEDED TO START & RUN SUCCESSFUL BUSINESSES. MORTAR CINCINNATI'S PROGRAMS INCLUDE: - MORTAR ENTREPRENEURSHIP ACADEMY: A FIFTEEN-WEEK COURSE DESIGNED FOR THOSE WHO ARE STARTING OR GROWING THEIR BUSINESSES - BRICK OTR: A CONSTANTLY CHANGING POP-UP SHOP DESIGNED TO GIVE ENTREPRENEURS A CHANCE TO TEST OUT THEIR BUSINESS IDEAS IN REAL TIME - ALUMNI PROGRAM: A PROGRAM PROVIDING MENTORING AND RELATIONSHIP SUPPORT WITH INTERESTED GRADUATES FOR 18 MONTHS AFTER COMPLETING THE MORTAR ENTREPRENEURSHIP ACADEMY - ACCESS TO CAPITAL: A PROGRAM PROVIDING LOANS AND GRANTS TO ENSURE THAT THE ENTREPRENEURS SERVED BY MORTAR CINCINNATI HAVE ACCESS TO THE CAPITAL THEY NEED TO ESTABLISH THEIR BUSINESSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Allen Woods Director / Executive Director | Trustee | 40 | $98,506 |
Kala Gibson President | OfficerTrustee | 1 | $0 |
Pranav Kothari Vice President | OfficerTrustee | 1 | $0 |
Ashlee Young Secretary | OfficerTrustee | 1 | $0 |
Richard Westheimer Treasurer - Term Ended 12/31 | OfficerTrustee | 1 | $0 |
Yvette R Simpson Esqmba Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $356,599 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,359,074 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,715,673 |
| Total Program Service Revenue | $426,486 |
| Investment income | $4,277 |
| 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 | $2,146,436 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $108,824 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $147,796 |
| Compensation of current officers, directors, key employees. | $35,661 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $361,431 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $31,216 |
| Payroll taxes | $37,243 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $10,739 |
| Fees for services: Accounting | $74,474 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,175 |
| Advertising and promotion | $13,487 |
| Office expenses | $39,469 |
| Information technology | $47,619 |
| Royalties | $0 |
| Occupancy | $86,698 |
| Travel | $4,714 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,153 |
| All other expenses | $12,181 |
| Total functional expenses | $1,089,778 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,186,492 |
| Savings and temporary cash investments | $114,466 |
| Pledges and grants receivable | $234,675 |
| Accounts receivable, net | $22,132 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $27,120 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $23,960 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,608,845 |
| Accounts payable and accrued expenses | $60,286 |
| Grants payable | $0 |
| Deferred revenue | $25,000 |
| 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 | $85,286 |
| Net assets without donor restrictions | $2,619,127 |
| Net assets with donor restrictions | $904,432 |
| 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 | $3,608,845 |
Grants Recieved
Over the last fiscal year, we have identified 19 grants that Mortar Cincinnati has recieved totaling $1,255,370.
| Awarding Organization | Amount |
|---|---|
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $200,000 |
Lkc Foundation Cincinnati, OH PURPOSE: OPERATING SUPPORT | $150,800 |
Jp Morgan Chase Foundation New York, NY PURPOSE: IN SUPPORT OF UNDERSERVED SMALL BUSINESS EXPANSION | $135,500 |
Local Initiatives Support Corporation New York, NY PURPOSE: SEE PART IV | $121,000 |
Burton D Morgan Foundation Inc Hudson, OH PURPOSE: TO SUPPORT THE CREATION OF A PLATFORM AND THE CONVERSION OF THE MORTAR MASTERS CURRICULUM INTO A VIRTUAL FORMAT | $100,000 |
Draper Richards Kaplan Foundation Menlo Park, CA PURPOSE: GENERAL OPERATING SUPPORT | $100,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mortar Cincinnati Cincinnati, OH | $3,608,845 | $2,146,436 |
Conxusneo Akron, OH | $543,815 | $1,120,151 |
Painters & Decorators Building Incorporated Cleveland, OH | $2,708,396 | $395,203 |
Urban Bridges Cleveland, OH | $330,100 | $422,399 |
Tyler County Development Authority Inc Sistersville, WV | $2,513,764 | $641,859 |
Sheet Metal Workers Wheeling District Building Corporation Wheeling, WV | $480,659 | $0 |
Local 1466 Ibew Building Corporatio Columbus, OH | $0 | $5 |
International Society For Fall Protection I S F P Miamisburg, OH | $65,030 | $0 |
Building Corporation Of The Iuoe Local 324 Stationary Engineers' Educatio Bloomfield Township, MI | $851,160 | $11,529 |
Robert And Christine Chiles Foundation Southgate, MI | $114,635 | $119,290 |
Veterans Resource Center Canton, MI | $5,513 | $0 |