Community Improvement Corporation Of Springfield & Clark County Ohio
- Assets
- $7.5m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 0
- Location
- Springfield, OH
- Founding
- 02/2010
- Data as of
- 12/2023
- EIN
- 23-7226470
Organization Overview
Community Improvement Corporation Of Springfield & Clark County Ohio is located in Springfield, OH. The organization was established in 2010. 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. Community Improvement Corporation Of Springfield & Clark County Ohio 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, Community Improvement Corporation Of Springfield & Clark County Ohio generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (10.5%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Community Improvement Corporation Of Springfield & Clark County Ohio has awarded 28 individual grants totaling $1,364,606. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
ECONOMIC DEVELOPMENT OF SPRINGFIELD AND CLARK COUNTY OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ECONOMIC DEVELOPMENT OF SPRINGFIELD AND CLARK COUNTY OHIO.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tom Sothard Chairman | OfficerTrustee | 1 | $0 |
Lowell Mcglothin Vice Chair | OfficerTrustee | 1 | $0 |
Daren Cotter Treasurer | OfficerTrustee | 1 | $0 |
Michael Mcdorman President/secretary | OfficerTrustee | 23 | $0 |
Sasha Rittenhouse Director | Trustee | 1 | $0 |
Sunny Dhingra Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $640,492 |
| All other contributions, gifts, grants, and similar amounts not included above | $287,078 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $927,570 |
| Total Program Service Revenue | $192,953 |
| Investment income | $0 |
| 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 | $1,126,222 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $100,424 |
| 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 | $393,486 |
| Fees for services: Legal | $6,946 |
| Fees for services: Accounting | $7,785 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,591 |
| Advertising and promotion | $143,796 |
| Office expenses | $1,786 |
| Information technology | $1,358 |
| Royalties | $0 |
| Occupancy | $290,887 |
| Travel | $8,098 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,433 |
| Interest | $22,806 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $9,628 |
| Insurance | $17,508 |
| All other expenses | $10,392 |
| Total functional expenses | $1,375,468 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $20,527 |
| Savings and temporary cash investments | $20,579 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $131,095 |
| 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 | $35,966 |
| Net Land, buildings, and equipment | $7,269,705 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $7,477,872 |
| Accounts payable and accrued expenses | $149,326 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $343,145 |
| Other liabilities | $269,720 |
| Total liabilities | $762,191 |
| Net assets without donor restrictions | $6,715,681 |
| 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 | $7,477,872 |
Grants Awarded
Over the last fiscal year, Community Improvement Corporation Of Springfield & Clark County Ohio has awarded $98,760 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GREATER SPRINGFIELD CVB PURPOSE: FINANCIAL ASSISTANCE | $27,760 |
SBDC INC PURPOSE: FINANCIAL ASSISTANCE | $10,000 |
DAYTON DEVELOPMENT COALITION PURPOSE: FINANCIAL ASSISTANCE | $28,000 |
CHAMPION CITY KINGS PURPOSE: FINANCIAL ASSISTANCE | $33,000 |