Copley Community Improvement Corporation
- Assets
- $1.2m
- Revenue
- $599.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Copley, OH
- Founding
- 05/2019
- Data as of
- 12/2022
- EIN
- 82-2600635
Organization Overview
Copley Community Improvement Corporation is located in Copley, OH. The organization was established in 2019. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, 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. Copley 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, Copley Community Improvement Corporation generated $599.4k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 22.3% each year . All expenses for the organization totaled $101.5k during the year ending 12/2022. 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
WE EXIST TO ADVANCE, ENCOURAGE, AND PROMOTE INDUSTRIAL, ECONOMIC, COMMERCIAL, AND CIVIC DEVELOPMENT FOR COPLEY TOWNSHIP OHIO. WE ARE A QUASI-GOVENRMENTAL ENTITY THAT OPERATES SEPERATELY FROM THE LOCAL GOVERNMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTITY ORGANIZED IN 2018. PURCHASED FIRST PROPERTY IN TOWNSHIP DURING 2018. PURCHASED SECOND IN 2019. PURCHASED THIRD IN 2020. IN 2021 A BUILDING ON THE THIRD PROPERTY WAS DEMOLISHED TO RETURN THE SITE TO ITS NATURAL STATE. A FOURTH PROPERTY (LAND ONLY) WAS PURCHASED IN 2021. ADDITIONAL PROPERTIES WERE ACQUIRED DURING 2022 FROM DONATION BY THE TOWNSHIP. ALSO GAVE GRANTS TO SEVERAL TOWNSHIP ORGANIZATIONS TO ASSIST IN STARTING OR GROWING THEIR BUSINESSES IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jessica Vargo President | Officer | 5 | $0 |
Sylvia Chinn Levy Secretary | Officer | 2 | $0 |
Janice Marshall Treasurer | Officer | 2 | $0 |
Nancy Roesner Vice President | Officer | 2 | $0 |
Kevin Fallon Director | Trustee | 2 | $0 |
Steve Panzner Director | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $605,295 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $11,545 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $605,295 |
| Total Program Service Revenue | $0 |
| Investment income | $79 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$6,002 |
| 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 | $599,372 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $34,133 |
| 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 | $11,545 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,874 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $42,523 |
| Advertising and promotion | $528 |
| Office expenses | $30 |
| 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 | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,163 |
| Insurance | $3,475 |
| All other expenses | $58 |
| Total functional expenses | $101,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $284,570 |
| Savings and temporary cash investments | $0 |
| 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 | $936,526 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,221,096 |
| Accounts payable and accrued expenses | $0 |
| 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 | $23,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,700 |
| Total liabilities | $24,700 |
| Net assets without donor restrictions | $0 |
| 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 | $1,196,396 |
| Total liabilities and net assets/fund balances | $1,221,096 |
Grants Awarded
Over the last fiscal year, Copley Community Improvement Corporation has awarded $0 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIREHOUSE TAVERN | | | $0 |
Copley, OH | | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cicp Foundation Inc Indianapolis, IN | $75,472,959 | $39,753,339 |
Manufacturing Advocacy & Growth Network Inc Cleveland, OH | $11,290,279 | $13,226,451 |
Spiritrust Lutheran Life Chambersburg, PA | $3,486,716 | $9,493,796 |
Genesee Area Focus Fund Inc Flint, MI | $3,053,813 | $7,388,265 |
Ridc Southwestern Pennsylvania Growth Fund Pittsburgh, PA | $94,671,467 | $5,640,315 |
Project Management Institute Educational Foundation Newtown Square, PA | $4,756,055 | $4,802,761 |
People For People Community Development Corporation Philadelphia, PA | $6,238,407 | $1,301,156 |
Encourage Bc Battle Creek, MI | $929,727 | $1,806,363 |
Ridc Mill 19a Pittsburgh, PA | $29,613,197 | $2,172,080 |
Felix E Martin Jr Foundation Inc Louisville, KY | $76,641,628 | $5,817,946 |
Cincinnati Business Committee Cincinnati, OH | $2,454,337 | $2,320,929 |
Council Of Development Finance Agenices Columbus, OH | $1,148,923 | $1,718,525 |