Cuyahoga County Convention Facilities Development Corporation
- Assets
- $22.1m
- Revenue
- $59.1m
- Investments
- $0.0
- Employees
- 2
- Location
- Cleveland, OH
- Founding
- 07/2016
- Data as of
- 12/2022
- EIN
- 46-4386832
Organization Overview
Cuyahoga County Convention Facilities Development Corporation is located in Cleveland, OH. The organization was established in 2016. According to its NTEE Classification (A20) the organization is classified as: Arts & Culture, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2022, Cuyahoga County Convention Facilities Development Corporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Cuyahoga County Convention Facilities Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2022, Cuyahoga County Convention Facilities Development Corporation generated $59.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $64.9m 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
THE ORGANIZATION IS OPERATED FOR THE PURPOSES OF PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE RESIDENTS OF CUYAHOGA COUNTY, OHIO BY ENGAGING IN ACTIVITIES TO PROMOTE THE REVITALIZATION OF GREATER CLEVELAND AND CUYAHOGA COUNTY, TO ENHANCE THE CREATION OF NEW EMPLOYMENT OPPORTUNITIES IN GREATER CLEVELAND AND CUYAHOGA COUNTY, TO SUPPORT THE ECONOMIC GROWTH OF CLEVELAND, OHIO AND CUYAHOGA COUNTY, AND TO LESSEN THE BURDENS OF GOVERNMENT BY CONDUCTING ACTIVITIES FOR AND ON BEHALF OF CUYAHOGA COUNTY, OHIO.THE ORGANIZATION OPERATES AND MANAGES THE CLEVELAND CONVENTION CENTER FOR AND ON BEHALF OF CUYAHOGA COUNTY, OHIO. THE ORGANIZATION RECEIVES RENTS AND CERTAIN OTHER PAYMENTS FROM CUYAHOGA COUNTY, OHIO IN CONNECTION WITH ITS OPERATION AND MAINTENANCE OF THE CLEVELAND CONVENTION CENTER PURSUANT TO CERTAIN AGREEMENTS WITH CUYAHOGA COUNTY, OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION OPERATES TO PROMOTE THE COMMON GOOD AND GENERAL WELFARE OF THE RESIDENTS OF CUYAHOGA COUNTY BY OPERATING AND MANAGING THE CLEVELAND CONVENTION CENTER FOR AND ON BEHALF OF CUYAHOGA COUNTY, OHIO.THE ORGANIZATION ASSISTS CUYAHOGA COUNTY IN THE PROMOTION OF GREATER CLEVELAND AS A DESTINATION LOCATION FOR CONVENTIONS, FORUMS, MEETINGS, AND OTHER EVENTS TO ENHANCE THE ECONOMIC REVITALIZATION OF THE REGION AND, IN THAT CONNECTION, ACTS AS A CONVENER AMONG THE FACILITIES MANAGER, THE CONVENTION AND VISITORS BUREAU OF GREATER CLEVELAND, INC., AN OHIO NONPROFIT CORPORATION DOING BUSINESS AS POSITIVELY CLEVELAND, THE CONVENTION HEADQUARTERS HOTEL AND OTHER HOTELIERS ASSOCIATED WITH THE CLEVELAND CONVENTION CENTER AND OTHER KEY STAKEHOLDERS IN THE CLEVELAND CONVENTION CENTER, INCLUDING AMONG THOSE ACTIVITIES COORDINATING REGULAR MEETINGS AMONG THE FOREGOING PARTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Matt Carroll Director | Trustee | 5 | $0 |
Trevor Mcaleer Treasurer | Trustee | 5 | $0 |
David Gilbert Director | Trustee | 5 | $0 |
Majeed Makhlouf Vice President | OfficerTrustee | 5 | $0 |
Timothy Offtermatt Secretary | Trustee | 5 | $0 |
Bradley Sellers President | OfficerTrustee | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tvdesign Domestic Pc Architecturial | 12/30/22 | $993,902 |
Levy Restaraunts Food And Beverage Services | 12/30/22 | $636,284 |
Asm Facility Management | 12/30/22 | $418,975 |
Contemporary Services Corporation Security | 12/30/22 | $252,698 |
Forefront Technology Inc It Services | 12/30/22 | $220,929 |
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 | $59,049,139 |
| Investment income | $6,266 |
| 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 | $59,055,405 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $150,740 |
| Compensation of current officers, directors, key employees. | $150,740 |
| Compensation to disqualified persons | $60,664 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $30,109 |
| Other employee benefits | $22,456 |
| Payroll taxes | $16,333 |
| Fees for services: Management | $436,666 |
| Fees for services: Legal | $83,500 |
| Fees for services: Accounting | $57,122 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,254,982 |
| Advertising and promotion | $36,932 |
| Office expenses | $373,317 |
| Information technology | $200,502 |
| Royalties | $0 |
| Occupancy | $2,976,679 |
| Travel | $1,694 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,664 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,196,340 |
| Insurance | $173,427 |
| All other expenses | $0 |
| Total functional expenses | $64,879,614 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,354,681 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $685,812 |
| 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 | $131,682 |
| Net Land, buildings, and equipment | $8,030,866 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,920,567 |
| Total assets | $22,123,608 |
| Accounts payable and accrued expenses | $1,918,684 |
| Grants payable | $0 |
| Deferred revenue | $1,472,569 |
| 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 | $1,673,314 |
| Other liabilities | $0 |
| Total liabilities | $5,064,567 |
| 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 | $17,059,041 |
| Total liabilities and net assets/fund balances | $22,123,608 |