Cincinnati Business Committee
- Assets
- $2.5m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 6
- Location
- Cincinnati, OH
- Founding
- 05/1977
- Data as of
- 12/2021
- EIN
- 31-0904240
Organization Overview
Cincinnati Business Committee is located in Cincinnati, OH. The organization was established in 1977. 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. As of 12/2021, Cincinnati Business Committee employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cincinnati 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 Business Committee generated $2.3m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 13.6% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 2.6% 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.
Since 2015, Cincinnati Business Committee has awarded 12 individual grants totaling $352,117. 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
CBC SUPPORTS ECONOMIC IMPROVEMENT AND GENERAL WELL-BEING OF GREATER CINCINNATI.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE CBC PROVIDES LEADERSHIP AROUND ACTIVITIES TO IMPROVE EFFICIENCY OF CINCINNATI AND HAMILTON COUNTY GOVERNMENTS, TO IMPROVE THE QUALITY OF EDUCATION IN THE CINCINNATI AREA AND TO IMPROVE THE ECONOMIC DEVELOPMENT OF THE COMMUNITY AND DOWNTOWN AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Gary Z Lindgren President | Officer | 50 | $457,247 |
Matt Jones Vice President | Officer | 40 | $135,310 |
Steven Johnston Chair | OfficerTrustee | 1 | $0 |
Rodney Mcmullen Immediate Past Chair | OfficerTrustee | 1 | $0 |
Kevin W Canafax Board Member | Trustee | 1 | $0 |
John F Barrett Board Member | Trustee | 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 | $1,683,880 |
| Investment income | $3,123 |
| 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 | $2,320,929 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $75,000 |
| 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. | $672,724 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $253,263 |
| Pension plan accruals and contributions | $13,533 |
| Other employee benefits | $45,536 |
| Payroll taxes | $43,554 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $8,901 |
| Fees for services: Accounting | $23,934 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $186,481 |
| Advertising and promotion | $0 |
| Office expenses | $33,109 |
| Information technology | $15,325 |
| Royalties | $0 |
| Occupancy | $80,693 |
| Travel | $154 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,347 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $10,686 |
| All other expenses | $3,926 |
| Total functional expenses | $1,746,718 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,943,186 |
| Savings and temporary cash investments | $511,151 |
| 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 | $2,454,337 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| 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 | $2,454,337 |
| Total liabilities and net assets/fund balances | $2,454,337 |
Grants Awarded
Over the last fiscal year, Cincinnati Business Committee has awarded $75,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
KEEP CINCINNATI SAFE PURPOSE: OPPOSITION OF ISSUE 3 - IMPACTING HOUSING, PUBLIC SAFETY, HEALTH, AND SOCIAL SERVICES. | $50,000 |
MOVE FORWARD PAC PURPOSE: SUPPORT OF SORTA TRANSPORTATION LEVY. | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Cincinnati Business Committee has recieved totaling $75,000.
| Awarding Organization | Amount |
|---|---|
Cincinnati Regional Business Committee Cincinnati, OH PURPOSE: SUPPORT EFFORTS TO BRING 2026 WORLD CUP TO CINCINNATI | $75,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
Fiscal Sponsorship Allies Inc Indianapolis, IN | $762,742 | $2,068,293 |