Greater Cleveland Sports Hall Of Fame Inc is located in Westlake, OH. The organization was established in 2001. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Cleveland Sports Hall Of Fame Inc 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, Greater Cleveland Sports Hall Of Fame Inc generated $490.8k in total revenue. This represents relatively stable growth, over the past 2 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $182.1k during the year ending 12/2022. While expenses have increased by 12.5% per year over the past 2 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
GREATER CLEVELAND SPORTS HALL OF FAME RECOGNIZES MEN AND WOMEN WHO HAVE FASHIONED THIS AREA'S REMARKABLE ATHLETIC REPUTATION
Describe the Organization's Program Activity:
Part 3 - Line 4a
GREATER CLEVELAND SPORTS HALL OF FAME TAKES PRIDE IN RECOGNIZING THE MEN AND WOMEN WHO HAVE FASHIONED THIS AREA'S REMARKABLE ATHLETIC REPUTATION.ELIGIBILITY FOR ELECTION TO THE HALL IS RESTRICTED TO THOSE PERSONS OUTSTANDING IN THEIR SPORT WHO ARE CONSIDERED GREATER CLEVELANDERS, DEFINED AS THE COUNTIES OF ASHTABULA, CUYAHOGA, GEAUGA, LAKE, LORAIN, MEDINA, PORTAGE, AND SUMMIT, AND WHO (1) WERE RAISED IN GREATER CLEVELAND OR (2) CAME FROM OTHER AREAS TO BECOME RESIDENTS OF GREATER CLEVELAND. ALL MUST HAVE BEEN RETIRED FROM THEIR SPORT FOR AT LEAST THREE YEARS OR, IF STILL ACTIVE, MUST HAVE COMPETED AT A QUALITY LEVEL IN THEIR SPORT FOR AT LEAST 12 YEARS.THE GCSHOF BOASTS MORE THAN 500 INDUCTEES ACROSS 30 SPORTS ON THE AMATEUR AND PROFESSIONAL LEVELS, SOME OF WHOM HAVE BEEN HONORED IN MORE THAN ONE CATEGORY.
THE ACCOMPLISHMENTS AND STORIES OF THE GREATER CLEVELAND SPORTS HALL OF FAME INDUCTEES PROVIDE INSPIRATION FOR YOUNG ATHLETES TO PURSUE THEIR DREAMS IN SPORT. THE GCSHOF FOSTERS THOSE DREAMS BY PROVIDING GRANT FUNDING TO QUALIFIED YOUTH SPORTS ORGANIZATIONS IN THE GREATER CLEVELAND AREA. WE HOPE SUPPORTING YOUTH SPORTS IN OUR REGION WILL RESULT IN FUTURE HALL OF FAMERS.OUR FINANCIAL COMMITMENT, THROUGH THE JACK HERRICK YOUTH SPORTS FUND, IS INTENDED TO FUND SPECIFIC, ONE-TIME CAPITAL OR PROJECT-BASED NEEDS OF AMATEUR, NON-GOVERNMENTAL YOUTH SPORTS ORGANIZATIONS IN OUR REGION THAT PROVIDE OPPORTUNITY FOR YOUTH OF ALL BACKGROUNDS TO PARTICIPATE SAFELY IN SPORTS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Dan Coughlin Director | Trustee | 1 | $0 |
Edward Crawford Director | Trustee | 1 | $0 |
Bob Dibiasio President | OfficerTrustee | 2 | $24,000 |
John Ferchill Vice President | OfficerTrustee | 2 | $0 |
Thomas Gill Director | Trustee | 1 | $0 |
Jon Groza Director | Trustee | 1 | $0 |
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 | $393,112 |
Noncash contributions included in lines 1a–1f | $44,048 |
Total Revenue from Contributions, Gifts, Grants & Similar | $393,112 |
Total Program Service Revenue | $87,150 |
Investment income | $11 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | -$2,135 |
Net Income from Fundraising Events | $12,656 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $490,794 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $30,100 |
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. | $24,000 |
Compensation of current officers, directors, key employees. | $24,000 |
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 | $0 |
Fees for services: Legal | $0 |
Fees for services: Accounting | $2,750 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $0 |
Advertising and promotion | $0 |
Office expenses | $2,364 |
Information technology | $0 |
Royalties | $0 |
Occupancy | $0 |
Travel | $125 |
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 | $0 |
All other expenses | $236 |
Total functional expenses | $182,072 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $129,510 |
Savings and temporary cash investments | $40,331 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $12,000 |
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 | $555,388 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $737,229 |
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 | $737,229 |
Total liabilities and net assets/fund balances | $737,229 |
Over the last fiscal year, Greater Cleveland Sports Hall Of Fame Inc has awarded $30,000 in support to 2 organizations.
Grant Recipient | Amount |
---|---|
BEAT THE STREETS CLEVELAND PURPOSE: GENERAL SUPPORT | $15,000 |
YOUTH CHALLENGE PURPOSE: GENERAL SUPPORT | $15,000 |