ECONOMIC GROWTH FOUNDATION: Form 990, tax year 2020
View the entire original 990 at ProPublica ↗
- Organization
- ECONOMIC GROWTH FOUNDATION (EIN 34-1916518)
- Tax period
- 2020-01-01 to 2020-12-31
- Filed
- 2021-11-11
- IRS object ID
- 202143159349304134
- Schema version
- 2020v4.1
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2021-11-11T12:16:42-06:00 | ReturnTs |
| Tax Period End | 2020-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 420714325 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RSM US LLP | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 30 South Wacker Dr Suite 3300 | AddressLine1Txt |
| City | Chicago | CityNm |
| State Abbreviation | IL | StateAbbreviationCd |
| ZIP | 606063392 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2020-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 341916518 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | Economic Growth Foundation | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | ECON | BusinessNameControlTxt |
| Phone | 2165922210 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1240 Huron Road E No 300 | AddressLine1Txt |
| City | Cleveland | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44115 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | Yvette M Ittu | PersonNm |
| Person Title | Exec VP - Finance & Operations | PersonTitleTxt |
| Phone | 2166213300 | PhoneNum |
| Signature | 2021-11-11 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Signing Officer SigningOfficerGrp
Person Full Name PersonFullName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person First | Yvette | PersonFirstNm |
| Person Last | Ittu | PersonLastNm |
| Field | Value | IRS element (for citing) |
|---|---|---|
| SSN | 999009999 | SSN |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | Rebekuh Eley | PreparerPersonNm |
| PTIN | P01247672 | PTIN |
| Phone | 3126343400 | PhoneNum |
| Preparation | 2021-11-11 | PreparationDt |
Additional Filer Information AdditionalFilerInformation
Trusted Customer TrustedCustomerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Trusted Customer | 2 | TrustedCustomerCd |
| Authentication Assurance Level | AAL1 | AuthenticationAssuranceLevelCd |
| Identity Assurance Level | IAL1 | IdentityAssuranceLevelCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2020 | TaxYr |
| Build TS | 2022-09-23 18:48:47Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | Baiju Shah | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1240 Huron Road E No 300 | AddressLine1Txt |
| City | Cleveland | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44115 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $3,100,506 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | N/A | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1997 | FormationYr |
| Legal Domicile State | OH | LegalDomicileStateCd |
| Activity Or Mission | To promote and advance the civic, economic, and cultural growth of Greater Cleveland. | ActivityOrMissionDesc |
| Voting Members Governing Body | 19 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 19 | VotingMembersIndependentCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Total Volunteers | 21 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $0 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $1,230,182 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,149,384 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $966,167 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $937,367 | CYProgramServiceRevenueAmt |
| PY Investment Income | $36,887 | PYInvestmentIncomeAmt |
| CY Investment Income | $13,755 | CYInvestmentIncomeAmt |
| PY Other Revenue | $0 | PYOtherRevenueAmt |
| CY Other Revenue | $0 | CYOtherRevenueAmt |
| PY Total Revenue | $2,233,236 | PYTotalRevenueAmt |
| CY Total Revenue | $3,100,506 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $0 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $1,138,507 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $1,269,114 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $1,211,002 | PYOtherExpensesAmt |
| CY Other Expenses | $1,729,479 | CYOtherExpensesAmt |
| PY Total Expenses | $2,349,509 | PYTotalExpensesAmt |
| CY Total Expenses | $2,998,593 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$116,273 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $101,913 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $12,875,482 | TotalAssetsBOYAmt |
| Total Assets EOY | $13,192,932 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $394,906 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $610,443 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $12,480,576 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $12,582,489 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| Mission | To promote and advance the civic, economic, and cultural growth of Greater Cleveland as a place to live, work, and conduct business. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $1,657,504 | ExpenseAmt |
| Revenue | $937,367 | RevenueAmt |
| Desc | Equity & Inclusion:The Equity & Inclusion division has been working since 2001 to close the racial disparities in jobs, income and wealth, by growing businesses owned by people of color and increasing workforce diversity, equity and inclusion. There were several accomplishments throughout the year including the following:The Marketplace: The Inclusion Marketplace, is an online portal connecting minority-owned businesses (MBEs) with opportunities for growth. A virtual space that serves as a searchable database of MBEs allowing buyers and suppliers to accelerate each of their respective activities, the portal provides MBE suppliers with direct connections (Continuation) to business opportunities and business growth services.Organizational Assessment: This annual assessment used by 158 companies in 2020 provides Quantitative and Qualitative evaluation of the confidentially to each organization that is a management tool to help companies implement strategies for diversity, equity and inclusion inclusive of the boardroom and the total organization.CommitCle: CommitCle is a cohort of major buying organizations focused on increasing their local supplier diversity spend by tracking and working together. The organizations identify an annual goal, utilize the Inclusion Marketplace and agree to sponsor, mentor or champion 3 MBE firms each year.The Business Growth Collaborative (BGC) brings together 21 Northeast Ohio nonprofits to build a resource ecosystem that is easy to navigate and meets the needs of diverse entrepreneurs and small business owners. The 21 partners regularly meet to determine how to collectively help clients grow and develop. The BGC's works to catalyze economic growth through more equitable wealth and job creation.Construction Diversity Initiative: The Construction Diversity Initiative convenes minority /majority contractors, developers, assistance groups, bonding agents, owners and financial institutions to increase the use of Minority Business Enterprises (MBEs) and Female Business Enterprises (FBEs) on major construction projects. This public-private collaboration presents economic development priorities based on Community Benefits Agreements (CBAs) containing specific actions that project owners can pursue to increase the participation and wealth-building opportunities for local construction workers and local female- and minority-owned businesses in the construction industry. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $834,802 | ExpenseAmt |
| Desc | Talent:The Talent initiative connects employers to a workforce ecosystem critical to building a skilled and diverse talent pipeline ready for the jobs of today and tomorrow. Additionally, ensuring that the region has abundant and diverse talent that is well-prepared at all skill levels for today's employers is a top priority. EGF is a catalyst, convenor, and advocate for numerous partnerships that connect employers to talent development organizations. Some of the accomplishments for the year include:Early Talent Pipeline: Students and young adults are the foundational link of the talent pipeline. The organization, representing the (Continuation) business community as a Cleveland Plan stakeholder, continues to contribute to the development of college and career readiness for Cleveland students, through True2U and other K-12 initiatives to develop Cleveland's future workforce. Employer-led Sector Partnership: As a Workforce Connect Sector Partnership intermediary, EGF convenes local employers from key industries and workforce service providers who collaborate to develop critical employer-driven strategies responding to workforce issues and needs. Talent, in partnership with GCP INGEAR, is working to build sector-based strategies that meet the needs of our region's employers while ensuring that a diverse pipeline of jobseekers have access to training and career pathways that build sustainable wealth and equitable economic outcomes. RITE facilitates the employer-led Workforce Connect IT Sector Partnership. EGF also acts as co-intermediary with MAGNET for Workforce Connect Manufacturing.Additionally, Northeast Ohio employers can find the right solutions to solve their critical talent shortages through the virtual TalentHub. The Hub is a constantly evolving clearinghouse of workforce development service providers, curriculum development resources, best practices and opportunities to connect with your company's future workforce. | Desc |
Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $264,000 | ExpenseAmt |
| Desc | Innovation:The Cleveland Innovation Project - an alliance of the Cleveland Foundation, Fund For Our Economic Future, Greater Cleveland Partnership, JumpStart, and TeamNEO and supported by a steering committee comprised of corporate and civic leaders - is a regional strategy effort with a balanced mission of strengthening technology-based economic growth and prosperity for all Greater Cleveland residents. Since 2019, the alliance, steering committee, and more than 150 business, entrepreneurial, institutional, and nonprofit leaders have developed and launched integrated initiatives towards the vision of Cleveland being a Leading Midwest Region for Technology-led Growth & Inclusion by 2030.The following initiatives are strengthening the region's innovation ecosystem:-Boost STEM Talent: Align and expand education and training programs-post-secondary through post-graduate-to prepare many and diverse individuals for STEM careers.-Catalyze a Capital Continuum: Foster and provide access to a robust range of private capital sources to start and scale businesses.-Expedite Digital Equity: Ensure every resident has access to in-home high-quality broadband for learning, working, and living by 2022.-Enhance Innovation Zones: Develop the region's primary innovation geographies-the Health-Tech and Opportunity Corridors. | Desc |
Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp (2 entries)
| ExpenseExpenseAmt | DescDesc |
|---|---|
| $88,744 | Advocacy:The Great Lakes Metro Chamber Coalition is a collective of chambers of commerce across the Great Lakes region that jointly advocate on core policy issues, including water quality, immigration reform, trade, and transportation and infrastructure. EGF is a founding member of this coalition. In 2018, the organization assumed staff leadership of the coalition's work. |
| $40,216 | Business Growth ServicesTo say that 2020 brought challenges is clearly an understatement. No one could have anticipated the impact Greater Cleveland's business community and constituents would face during the COVID-19 Pandemic. When the GCP INGEAR business platform launched in February 2020, it did so in direct response to its members. The leadership called for it to create a dedicated comprehensive business information portal as a priority deliverable of the Forward CLE strategic plan. It had no idea the important role and impact the platform would play when the COVID-19 pandemic hit Northeast Ohio. Less than 30 days after launch, immediately following Governor DeWine's mandated shut down, INGEAR quickly pivoted to become a primary COVID-19 resource portal. Over the course of the next 12 weeks, the site registered over 18,000 users spanning 37 states and several countries. Some of the specific accomplishments include:-Created the COVID-19 resource page providing businesses and individuals with real-time updates regarding access to local, state and federal resources and assistance.-In partnership with essential businesses, established INGEAR Employers Now Hiring page prioritizing businesses' needs and providing displaced individuals direct connections to essential businesses with thousands of job openings. -Issued the COVID-19 Businesses Impact Survey within 48 hours of Governor DeWine's shutdown orders.-Created the INGEAR B2B platform with over 80 businesses listed to drive procurement and contracting opportunities. |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Other Prog Srvc Expense | $128,960 | TotalOtherProgSrvcExpenseAmt |
| Total Program Service Expenses | $2,885,266 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | Yes (1) | CreditCounselingInd |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | 0 | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | Yes (1) | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | Yes (1) | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | 0 | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | 0 | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | 0 | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | 0 | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | 0 | TaxExemptBondsInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | 0 | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | 0 | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 11 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 0 | EmployeeCnt |
| Unrelated Bus Incm Over Limit | 0 | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | Yes (1) | QuidProQuoContributionsInd |
| Quid Pro Quo Contri Discl | Yes (1) | QuidProQuoContriDisclInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 19 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 19 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | Yes (1) | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | Yes (1) | InvestmentInJointVentureInd |
| Written Policy Or Procedure | Yes (1) | WrittenPolicyOrProcedureInd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | John Luteran | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 2166213300 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 1240 Huron Road E No 300 | AddressLine1Txt |
| City | Cleveland | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44115 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (27 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| Schnur Eric | |||||||||
| Chair | 2.00 | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| DiRocco Joe | |||||||||
| Treasurer | 2.00 | 4.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| Arnold Craig | |||||||||
| Director | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Chaikin Scott | |||||||||
| Director | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Chiricosta Richard | |||||||||
| Director | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Christopher Gorman | |||||||||
| Director | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Johnson Kevin | |||||||||
| Director | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Lopez Joe | |||||||||
| Director | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Mooney Beth | |||||||||
| Director, Left as of 4/22/20 | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Morikis John | |||||||||
| Director | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Nance Frederick | |||||||||
| Director | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Read Deborah | |||||||||
| Director | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Richardson Sean | |||||||||
| Director | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Safier Rion | |||||||||
| Director | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Snyder Barbara | |||||||||
| Director | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Stanek Michael | |||||||||
| Director | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Taylor Jr Eddie | |||||||||
| Director | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Williams Thomas | |||||||||
| Director | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Young John | |||||||||
| Director | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Zenty Thomas | |||||||||
| Director | 1.00 | 2.00 | Yes (X) | $0 | $0 | $0 | |||
| Roman Joseph | |||||||||
| President | 4.00 | 36.00 | Yes (X) | $75,138 | $653,651 | $282,168 | |||
| Ittu Yvette | |||||||||
| EVP Finance & Operations | 1.00 | 39.00 | Yes (X) | $5,800 | $347,916 | $50,187 | |||
| Hall Brian | |||||||||
| ED, GCP Equity & Inclusion | 40.00 | 0.00 | $266,553 | $0 | $28,087 | Yes (X) | |||
| Luteran John | |||||||||
| VP - Finance | 1.00 | 39.00 | $7,184 | $245,734 | $33,293 | Yes (X) | |||
| Marbury Shana | |||||||||
| General Counsel | 1.00 | 39.00 | $4,898 | $259,852 | $19,428 | Yes (X) | |||
| Cheverine Gina | |||||||||
| MGVP, Inclusion & Strategic Prtnrshp | 34.00 | 6.00 | $138,187 | $24,385 | $18,475 | Yes (X) | |||
| Coates Steven | |||||||||
| Controller Finance & Operations | 2.00 | 38.00 | $7,426 | $150,584 | $18,245 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $505,186 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $1,682,122 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $449,883 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 3 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp
Contractor Name ContractorName
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | McKinsey & Company Inc | BusinessNameLine1Txt |
Contractor Address ContractorAddress
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 950 Main Avenue 1200 | AddressLine1Txt |
| City | Cleveland | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44113 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Services | Consulting Services | ServicesDesc |
| Compensation | $250,000 | CompensationAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 1 | CntrctRcvdGreaterThan100KCnt |
| Government Grants | $116,880 | GovernmentGrantsAmt |
| All Other Contributions | $2,032,504 | AllOtherContributionsAmt |
| Total Contributions | $2,149,384 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| Intercompany Sponsorsh | 813410 | $623,218 | $623,218 |
| Cleve Dev Ptrshp II | 523900 | $295,524 | $295,524 |
| Registration Revenue | 900099 | $18,625 | $18,625 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $937,367 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $13,755 | TotalRevenueColumnAmt |
| Exclusion | $13,755 | ExclusionAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $3,100,506 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $937,367 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $0 | UnrelatedBusinessRevenueAmt |
| Exclusion | $13,755 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part IX | Yes (X) | InfoInScheduleOPartIXInd |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $361,547 | TotalAmt |
| Program Services | $346,018 | ProgramServicesAmt |
| Management And General | $15,529 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $720,230 | TotalAmt |
| Program Services | $658,544 | ProgramServicesAmt |
| Management And General | $61,686 | ManagementAndGeneralAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $22,595 | TotalAmt |
| Program Services | $20,386 | ProgramServicesAmt |
| Management And General | $2,209 | ManagementAndGeneralAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $95,283 | TotalAmt |
| Program Services | $89,016 | ProgramServicesAmt |
| Management And General | $6,267 | ManagementAndGeneralAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $69,459 | TotalAmt |
| Program Services | $64,365 | ProgramServicesAmt |
| Management And General | $5,094 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $329 | TotalAmt |
| Management And General | $329 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,967 | TotalAmt |
| Management And General | $4,967 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $815,111 | TotalAmt |
| Program Services | $814,483 | ProgramServicesAmt |
| Management And General | $628 | ManagementAndGeneralAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,384 | TotalAmt |
| Program Services | $1,384 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $85,532 | TotalAmt |
| Program Services | $80,652 | ProgramServicesAmt |
| Management And General | $4,880 | ManagementAndGeneralAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,456 | TotalAmt |
| Program Services | $8,829 | ProgramServicesAmt |
| Management And General | $627 | ManagementAndGeneralAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $52,034 | TotalAmt |
| Program Services | $47,092 | ProgramServicesAmt |
| Management And General | $4,942 | ManagementAndGeneralAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,719 | TotalAmt |
| Program Services | $6,717 | ProgramServicesAmt |
| Management And General | $2 | ManagementAndGeneralAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,513 | TotalAmt |
| Program Services | $8,392 | ProgramServicesAmt |
| Management And General | $121 | ManagementAndGeneralAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,670 | TotalAmt |
| Program Services | $8,098 | ProgramServicesAmt |
| Management And General | $572 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (2 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt |
|---|---|---|---|
| Sponsorships | $688,663 | $683,263 | $5,400 |
| Memberships | $45,582 | $45,582 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,519 | TotalAmt |
| Program Services | $2,445 | ProgramServicesAmt |
| Management And General | $74 | ManagementAndGeneralAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,998,593 | TotalAmt |
| Program Services | $2,885,266 | ProgramServicesAmt |
| Management And General | $113,327 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $512,817 | BOYAmt |
| EOY | $1,427,451 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,510,000 | BOYAmt |
| EOY | $355,000 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $292,405 | BOYAmt |
| EOY | $564,430 | EOYAmt |
Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $50,000 | BOYAmt |
| EOY | $50,000 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $9,733 | BOYAmt |
| EOY | $0 | EOYAmt |
Investments Program Related InvestmentsProgramRelatedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,448,892 | BOYAmt |
| EOY | $10,744,416 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $51,635 | BOYAmt |
| EOY | $51,635 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,875,482 | BOYAmt |
| EOY | $13,192,932 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $17,862 | BOYAmt |
| EOY | $23,971 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $0 | BOYAmt |
| EOY | $60,000 | EOYAmt |
Escrow Account Liability EscrowAccountLiabilityGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $149,406 | BOYAmt |
| EOY | $303,010 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $227,638 | BOYAmt |
| EOY | $223,462 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $394,906 | BOYAmt |
| EOY | $610,443 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $10,664,146 | BOYAmt |
| EOY | $10,947,490 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,816,430 | BOYAmt |
| EOY | $1,634,999 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,480,576 | BOYAmt |
| EOY | $12,582,489 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $12,875,482 | BOYAmt |
| EOY | $13,192,932 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $101,913 | ReconcilationRevenueExpnssAmt |
| Other Changes In Net Assets | $0 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | 0 | FederalGrantAuditRequiredInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| Public Organization170 | Yes (X) | PublicOrganization170Ind |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,825,640 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $617,610 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,673,604 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,230,182 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,149,384 | CurrentTaxYearAmt |
| Total | $8,496,420 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $2,825,640 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $617,610 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $1,673,604 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $1,230,182 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,149,384 | CurrentTaxYearAmt |
| Total | $8,496,420 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $2,119,305 | SubstantialContributorsTotAmt |
| Public Support Total170 | $6,377,115 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $5,188 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $12,309 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $25,991 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $36,887 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $13,755 | CurrentTaxYearAmt |
| Total | $94,130 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus3 Years | $250 | CurrentTaxYearMinus3YearsAmt |
| Total | $250 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $8,590,800 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $4,082,070 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.74230 | PublicSupportCY170Pct |
| Public Support PY170 | 0.75930 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | Schedule A, Part II, Line 10, Explanation of Other Income: | FormAndLineReferenceDesc |
| Explanation | Other Revenue - 2017 Amount: $ 250. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
| Field | Value | IRS element (for citing) |
|---|---|---|
| Agent Trustee Etc | 0 | AgentTrusteeEtcInd |
| Incl Escrow Custodial Acct Liab | Yes (1) | InclEscrowCustodialAcctLiabInd |
| Explanation Provided | Yes (X) | ExplanationProvidedInd |
| Total Book Value Land Buildings | $0 | TotalBookValueLandBuildingsAmt |
Invst Program Related Org InvstProgramRelatedOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Investment in Cleveland Development Ptshp II | Desc |
| Book Value | $10,744,416 | BookValueAmt |
| Method Valuation | C | MethodValuationCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Program Rltd | $10,744,416 | TotalBookValueProgramRltdAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | Intercompany Payable | Desc |
| Amt | $223,462 | Amt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $223,462 | TotalLiabilityAmt |
| Footnote Text | Yes (X) | FootnoteTextInd |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part IV, Line 2b: | The Economic Growth Foundation (EGF) acts in the role of fiscal agent for early stage, community based concepts without a formal corporate structure, whose purpose is consistent with the scope of the EGF. Each early stage concept is provided with a set of formal operating procedures. The EGF does not receive compensation for its duties in connection with any fiscal agent agreements. During 2020, EGF received $213,603 from organizations for which EGF acts as fiscal agent. |
| Part X, Line 2: | The Economic Growth Foundation ("EGF") adopted the accounting standard on accounting for uncertainty in income taxes, which addresses the determination of whether tax benefits claimed or expected to be claimed on a tax return should be recorded in the consolidated financial statements. Under this guidance, EGF may recognize the tax benefit from an uncertain tax position only if it is more likely than not that the tax position will be sustained on examination by taxing authorities, based on technical merits of the position. At December 31, 2020 and 2019, management has evaluated the Organization's tax positions and has concluded that the Organization has taken no uncertain tax positions that require adjustment to the consolidated financial statements to comply with provisions of this guidance. EGF is not subject to tax examinations by tax authorities for the years ending December 31, 2017 and prior. |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Independent Consultant | Yes (X) | IndependentConsultantInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (7 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Roman Joseph | ||||||||||||||
| President | $54,377 | $473,043 | $19,615 | $170,635 | $1,146 | $9,973 | $26,316 | $228,930 | $2,776 | $24,146 | $104,230 | $906,727 | $0 | $0 |
| Ittu Yvette | ||||||||||||||
| EVP Finance & Operations | $4,542 | $272,392 | $693 | $41,562 | $565 | $33,962 | $313 | $18,787 | $510 | $30,577 | $6,623 | $397,280 | $505 | $30,281 |
| Hall Brian | ||||||||||||||
| ED, GCP Equity & Inclusion | $229,991 | $0 | $31,962 | $0 | $4,600 | $0 | $10,629 | $0 | $17,458 | $0 | $294,640 | $0 | $0 | $0 |
| Luteran John | ||||||||||||||
| VP - Finance | $6,555 | $224,251 | $497 | $17,003 | $132 | $4,480 | $293 | $10,011 | $653 | $22,336 | $8,130 | $278,081 | $0 | $0 |
| Marbury Shana | ||||||||||||||
| General Counsel | $4,272 | $226,647 | $589 | $31,249 | $37 | $1,956 | $188 | $9,963 | $172 | $9,105 | $5,258 | $278,920 | $0 | $0 |
| Cheverine Gina | ||||||||||||||
| MGVP, Inclusion & Strategic Prtnrshp | $131,084 | $23,132 | $5,601 | $988 | $1,502 | $265 | $5,623 | $992 | $10,081 | $1,779 | $153,891 | $27,156 | $0 | $0 |
| Coates Steven | ||||||||||||||
| Controller Finance & Operations | $6,740 | $136,667 | $611 | $12,389 | $75 | $1,528 | $302 | $6,126 | $555 | $11,262 | $8,283 | $167,972 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Part I, Line 4b | The President, Joseph D. Roman, participates in a supplemental non-qualified retirement plan. No amount was actively paid to him during the year. The change in actuarial value of this benefit was $85,026 for 2020. The Executive Vice President of Finance and Operations, Yvette Ittu, participates in a supplemental non-qualified 457(f) plan. In 2020, the organization contributed $16,902 to her 457(f) plan. |
| Part I, Line 7 | Incentive compensation of EGF's officers, key employees, and highest compensated employees is discretionary and has been subjected to review by a compensation committee created by its parent, the Greater Cleveland Partnership. |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| Form 990, Part IV, Line 12 Audited Financial Statements: | The financial statements and related statements of activities, functional expenses, and cash flows of the Economic Growth Foundation (EGF) were audited on a consolidated basis. Refer to Form 990 Schedule R for details of the related organizations. |
| Form 990, Part VI, Section A, line 6 | The sole member of Economic Growth Foundation is Greater Cleveland Partnership, an Ohio nonprofit corporation. |
| Form 990, Part VI, Section B, line 11b | Finance staff in conjunction with tax preparers compiles the information needed to complete the Form 990. Upon completion, Finance management conducts a detailed review of the return and makes final adjustments if necessary. The returns are provided to the Audit, Finance, and Executive Committees for review and comment. The final version of the Form 990 is given electronically and/or by hard copy to each board member for review prior to submission. |
| Form 990, Part VI, Section B, line 12c | The board of Directors and staff of the GCP are expected to maintain the highest ethical standards in conducting the business of the GCP. The board and staff conflict of interest policies are intended to provide clear guidance to ensure that the GCP's business is conducted with integrity, and in compliance with all applicable laws, and in a manner that excludes considerations of personal advantage or gain. All board and staff members shall annually receive a reminder of their agreement to comply with the policy and sign a declaration indicating their acceptance. Any violation of the board policy will subject a board member to appropriate action, up to and including, removal from the board. When questions arise concerning any aspect of this policy, board members are encouraged to contact the board chair. Violations of this policy should be reported to the board chair or the confidential and independent 24-hour helpline provider, Navex Global Services. The disinterested members of the GCP Executive Committee shall make a determination as to whether a conflict exists and what subsequent action, if any, is appropriate. The GCP Executive Committee shall inform the Board of such determination and action. The Board shall retain the right to modify or reverse such determination and action, and shall retain the ultimate enforcement authority with respect to the interpretation and application of this policy. The CEO, or his/her designee shall make a determination regarding staff members as to whether a conflict exists and what subsequent action, if any, is appropriate. Any violation of the staff policy will subject the employee to discipline, up to and including, immediate discharge. When questions arise concerning any aspect of this policy, or to report violations, employees should contact the human resources department or the confidential and independent 24-hour helpline provider, Navex Services. |
| Form 990, Part VI, Section B, line 15 | Salaries of EGF staff have been subjected to review by a compensation committee created by its parent, the Greater Cleveland Partnership. The committee's responsibilities include approving compensation for employees of the organization including the President/CEO. An annual performance evaluation process is conducted for all employees. Compensation for all employees is evaluated against the market. The compensation committee utilizes the resources of an independent consulting firm in the evaluation process to provide local and national compensation comparable data. The results of the latest survey (GCP executive compensation study - April 2020) provided that direct pay and indirect pay programs reflect market medians. |
| Form 990, Part VI, Section C, line 19 | No documents are made available to the public. |
| Form 990, Part IX, line 11g | Consulting: Program service expenses 814,483. Management and general expenses 628. Fundraising expenses 0. Total expenses 815,111. |
| Form 990, Part XII, Financial Statement and Reporting: | The organization has a committee that is responsible for oversight of the audit and selection of independent accountants. The process has not changed from the prior year. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Exempt Code SectionExemptCodeSectionTxt | Public Charity StatusPublicCharityStatusTxt | Direct Controlling NADirectControllingNACd | Controlled OrganizationControlledOrganizationInd | Business Name Line1DirectControllingEntityName/BusinessNameLine1Txt |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Greater Cleveland Partnership | |||||||||||
| 1240 Huron Road E Suite 300 | Cleveland | OH | 44115 | 340149250 | Mobilizes Private Sector leadership, expertise, and resources to create jobs | OH | 501(c)(6) | N/A | N/A | 0 | |
| Cleveland Development Foundation | |||||||||||
| 1240 Huron Road E Suite 300 | Cleveland | OH | 44115 | 346528498 | Developing and improving Cleveland's Civic Visions. | OH | 501(C)(3) | Line 7 | Yes (1) | Greater Cleveland Partnership | |
Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (3 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Disproportionate AllocationsDisproportionateAllocationsInd | General Or Managing PartnerGeneralOrManagingPartnerInd |
|---|---|---|---|---|---|---|---|---|---|
| Opportunity Cle Loan Fund LLC | |||||||||
| 1240 Huron Road Ste 300 | Cleveland | OH | 44115 | 384126152 | Investments | OH | N/A | 0 | 0 |
| Advance Cleveland Development Fund | |||||||||
| 1240 Huron Road Ste 300 | Cleveland | OH | 44115 | 461061063 | Private sector financing for real estate projects | OH | N/A | 0 | 0 |
| Jumpstart Next Fund LLC | |||||||||
| 6701 Carnegie Ave Suite 100 | Cleveland | OH | 44103 | 273815350 | Investments in entry stage businesses | OH | N/A | 0 | 0 |
Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (2 entries)
| Address Line1USAddress/AddressLine1Txt | CityUSAddress/CityNm | State AbbreviationUSAddress/StateAbbreviationCd | ZIPUSAddress/ZIPCd | EINEIN | Primary ActivitiesPrimaryActivitiesTxt | Legal Domicile StateLegalDomicileStateCd | Direct Controlling NADirectControllingNACd | Entity TypeEntityTypeTxt | Controlled OrganizationControlledOrganizationInd |
|---|---|---|---|---|---|---|---|---|---|
| Group Services Inc | |||||||||
| 1240 Huron Road E Suite 300 | Cleveland | OH | 44115 | 341402329 | Small business access to affordable/quality group insurance | OH | N/A | C | Yes (1) |
| GCP Shared Services Inc | |||||||||
| 1240 Huron Road E Suite 300 | Cleveland | OH | 44115 | 208637606 | Lease Management | OH | N/A | C | Yes (1) |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | 0 | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | Yes (1) | SharingOfFacilitiesInd |
| Paid Employees Sharing | Yes (1) | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | Yes (1) | TransferFromOtherOrgInd |