Ohio Capital Impact Corporation
- Assets
- $12.0m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 05/2015
- Data as of
- 12/2021
- EIN
- 46-1632889
Organization Overview
Ohio Capital Impact Corporation is located in Columbus, OH. The organization was established in 2015. According to its NTEE Classification (L11) the organization is classified as: Single Organization Support, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Capital Impact 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 12/2021, Ohio Capital Impact Corporation generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.5% each year. All expenses for the organization totaled $6.0m during the year ending 12/2021. While expenses have increased by 12.9% 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 2017, Ohio Capital Impact Corporation has awarded 498 individual grants totaling $15,299,594. 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
THE OHIO CAPITAL IMPACT CORPORATION (OCIC) WAS FORMED IN DECEMBER OF 2012 AS THE NON-PROFIT, PHILANTHROPIC ARM OF OHIO CAPITAL CORPORATION FOR HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CAPITAL FOR PARTNERS: FUNDS ARE CONTRIBUTED TO OHIO CAPITAL CORPORATION FOR HOUSING PARTNERS TO SUPPORT SPECIAL INITIATIVES,SPONSORSHIPS, FUNDRAISING EFFORTS, AND EDUCATIONAL CONFERENCES. THIS ENABLES THE PARTNERS TO ACHIEVE AND FURTHER ENHANCE THEIR MISSION.
RESIDENT DEVELOPMENT FUND: PROVIDE GRANTS TO PARTNERS TO SUPPORT RESIDENTS OF LOW INCOME HOUSING PROJECTS THROUGH THE DEVELOPMENT OF PROGRAMS SUCH AS SUMMER CAMPS FOR CHILDREN, HEALTH SERVICES, FINANCIAL LITERACY TRAINING, JOB READINESS TRAINING, AFTER SCHOOL ACTIVITIES, ANDOTHER INITIATIVES..
OCIC JERRY GREER SCHOLARSHIP PROGRAM: OCIC PROVIDES RESIDENTS OF ITS PARTNERS THE ABILITY TO APPLY FOR SCHOLARSHIPS TO 2 AND 4 YEARCOLLEGES, EARN PERFORMANCE GRANTS BASED ON THEIR SUCCESS, AND APPLY FOR FUNDING TO EARN THEIR GED CERTIFICATE.
RESIDENT IMPACT EMERGENCY FUND $719,035: TO ASSIST OUR PARTNERS AND THEIR RESIDENTS IN RENT PAYMENTS TO LESSEN THE FINANCIAL BURDENS CAUSED BY THE PANDEMIC. CONTRIBUTIONS BENEFITTED ORGANIZATIONS AIDING THOSE IN NEED AND HOUSEHOLDS STRUGGLING TO PAY RENT. RENT ASSISTANCE PAYMENTS WERE MADE TO PROJECT OWNERS WHO AGREED TO FORGIVE NONPAYMENT OF RENT AND FORGO EVICTIONS.DIGITAL INCLUSION $1,061,340: THE FUND WAS CREATED TO ENCOURAGE INNOVATION IN DIGITAL INCLUSIVITY. FUNDS HELP SUPPORT HARDWARE AND TECHNICAL ASSISTANCE TO IMPROVE DIGITAL ACCESS. HARDWARE MAY INCLUDE COMPUTERS, WI-FI HOT SPOTS, TABLETS, AND OTHER PERSONAL DEVICES. FUNDING CAN ALSO BE USED TO FURTHER DIGITAL LITERACY TRAINING AND ECONOMIC EMPOWERMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Mingo Director / Vice Chair | OfficerTrustee | 1.5 | $0 |
Jeanne Golliher Director / Secretary | OfficerTrustee | 1.5 | $0 |
Tom Loos Director / Treasurer | OfficerTrustee | 1.5 | $0 |
Susan E Weaver Director / Chair | OfficerTrustee | 1.5 | $0 |
Harold D Keller Director/past CEO | OfficerTrustee | 1.5 | $0 |
Sue Ziegler COO Through 4/1/2021 | Officer | 1.5 | $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 | $5,182,987 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $5,182,987 |
| Total Program Service Revenue | $38,349 |
| Investment income | $7,142 |
| 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 | $5,228,478 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $6,030,398 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| 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 | $749 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $6,031,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $79 |
| Savings and temporary cash investments | $9,349,625 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $2,670,653 |
| 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 | $12,020,357 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $2,804,946 |
| 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 | $2,804,946 |
| 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 | $9,215,411 |
| Total liabilities and net assets/fund balances | $12,020,357 |
Grants Awarded
Over the last fiscal year, Ohio Capital Impact Corporation has awarded $4,178,326 in support to 104 organizations.
| Grant Recipient | Amount |
|---|---|
Columbus, OH PURPOSE: SPONSORSHIP | $451,000 |
PINNACLE COMMUNICATIONS CORPORATION PURPOSE: PROJECT SUPPORT | $283,138 |
Columbus, OH PURPOSE: SCHOLARSHIPS | $224,575 |
Akron, OH PURPOSE: PROGRAM SUPPORT | $200,000 |
Dayton, OH PURPOSE: SPONSORSHIP | $150,788 |
Columbus, OH PURPOSE: PROGRAM SUPPORT | $132,813 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ohio Capital Impact Corporation has recieved totaling $3,643,962.
| Awarding Organization | Amount |
|---|---|
Ohio Capital Corporation For Housing Columbus, OH PURPOSE: GENERAL SUPPORT | $3,643,962 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ohio Capital Impact Corporation Columbus, OH | $12,020,357 | $5,228,478 |
Presbyterian Seniorcare Foundation Oakmont, PA | $8,697,066 | $4,349,220 |
Midland Kings Daughters Endowment Fund Midland, MI | $40,124,974 | $3,481,045 |
Ehca Foundation Erie, PA | $9,325,618 | $619,289 |
Bhi Properties Llc Louisville, KY | $12,489,972 | $1,658,797 |
Newcourtland Life At St Bartholomew Inc Philadelphia, PA | $11,528,481 | $536,860 |
Wcm Real Estate Nfp Washington, PA | $10,316,882 | $543,232 |
Mission First Housing Group Inc Philadelphia, PA | $146,738 | $182,915 |
One Parent Family Facility Corp Lexington, KY | $2,640,950 | $1,180,160 |
Cedar Village Foundation Cincinnati, OH | $22,623,541 | $1,028,464 |
Glacier Hills Foundation Ann Arbor, MI | $15,415,719 | $1,434,969 |
Lutheran Homes Of Michigan Foundation Saginaw, MI | $12,862,481 | $2,826,886 |