2023-11-07T10:19:15-06:00 2022-12-31 420714325 RSM US LLP 30 South Wacker Dr Suite 3300 Chicago IL 606063392 990 2022-01-01 341679244 700 Prospect Corporation 700P 2167362152 700 Prospect Avenue Cleveland OH 441151110 Tami Marinella Treasurer 2167362152 2023-11-06 1 Tami Marinella XXX-XX-XXXX 1 Rebekuh Eley P01247672 3126343400 2023-11-06 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X John Dorhauer 700 Prospect Avenue Cleveland OH 441151110 4976235 0 X N/A X 1991 OH Provides office facilities for the conduct of the religious, charitable, and educational activities X 5 0 5 1 0 0 0 0 1391944 538193 -74 1746761 14940 154454 1406810 2439408 0 0 0 0 213556 104652 0 0 0 829783 539702 1043339 644354 363471 1795054 3685072 0 975121 0 2709951 0 X The Corporation provides office facilities for the conduct of the religious, charitable and educational activities of the United Church of Christ and its affiliated charitable and educational organizations. 0 1 606751 0 538193 Provides office facilities for the conduct of the religious, charitable and educational activities of the United Church of Christ and its affiliated charitable and educational organizations. 606751 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 0 0 5 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 0 0 0 1 0 0 1 0 1 1 0 0 1 1 1 1 1 0 0 0 0 OH X Tami Marinella 2167362152 700 Prospect Avenue Cleveland OH 441151110 Heather Kimmel Secretary 1.00 39.00 X X 0 189106 60183 John Dorhauer President 1.00 39.00 X X 0 183150 55779 Tami Marinella Treasurer 1.00 39.00 X X 0 173002 50388 Karen Georgia Thompson Trustee 1.00 39.00 X 0 145020 39714 Traci Blackmon Trustee 1.00 39.00 X 0 145250 37831 0 835528 243895 0 0 1 0 0 Facilities Fees 532000 538193 538193 538193 154454 0 154454 154454 154454 4283588 2536827 1746761 1746761 1746761 2439408 538193 0 1901215 62119 59013 3106 3918 3722 196 33316 31650 1666 5299 5034 265 12892 12892 12415 12415 48567 48567 4064 3245 819 94412 94412 76 76 6244 6244 58675 58675 Repairs & Maintenance 206937 206937 Moving Expense 87156 87156 Building Renovations 6701 6701 Dues & Subscriptions 1563 1563 644354 606751 37603 0 0 1127571 0 0 19573 0 0 0 0 0 1100 0 0 0 2536828 0 0 0 0 0 0 3685072 0 50121 0 925000 0 975121 0 X 2709951 0 2709951 0 3685072 0 X 1795054 86 -4505091 X 0 1 X 1 0 X X 1 United Church of Christ 131957221 1 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 X 2439408 0 2439408 0 2439408 644354 0 644354 0 644354 Part X, Line 2: The Corporation 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 financial statements. Under this guidance, the Corporation 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 the technical merits of the position. Examples of tax positions include the tax-exempt status of the Corporation, the continued tax-exempt status of bonds issued by the Corporation, and various positions related to the potential sources of unrelated business taxable income (UBIT). The tax benefits recognized in the financial statements from such a position are measured based on the largest benefit that has a greater than 50 percent likelihood of being realized upon ultimate settlement. The guidance on accounting for uncertainty in income taxes also addresses de-recognition, classification, interest and penalties on income taxes, and accounting in interim periods. For the years ended December 31, 2022 and 2021, management has determined that there are no uncertain tax positions. With few exceptions, the Corporation is no longer subject to tax examinations by the tax authorities for the years before 2019. X 0 1 0 0 0 0 0 0 0 0 0 Heather Kimmel Secretary 0 185808 0 0 0 3298 0 26752 0 33431 0 249289 0 0 John Dorhauer President 0 180235 0 0 0 2915 0 29273 0 26506 0 238929 0 0 Tami Marinella Treasurer 0 168600 0 0 0 4402 0 22359 0 28029 0 223390 0 0 Karen Georgia Thompson Trustee 0 143599 0 0 0 1421 0 22656 0 17058 0 184734 0 0 Traci Blackmon Trustee 0 143579 0 0 0 1671 0 22368 0 15463 0 183081 0 0 Part I, Line 1a The following individuals received ministerial housing allowances in the reported amounts during 2022. The housing allowances were not treated as taxable compensation. - John Dorhauer, $40,000 - Traci Blackmon, $36,000 - Karen Georgia Thomson, $30,000 Part I, Line 1b 700 Prospect Corporation does not have a written policy regarding payment or reimbursement or provision of housing allowances because the housing allowances are not provided by 700 Prospect Corporation. Instead, these housing allowances are provided by the United Church of Christ, a related organization. Therefore, the housing allowances are covered by the United Church of Christ's policies. Part I, Line 3 700 Prospect Corporation does not directly pay compensation for any employees. The related organization, United Church of Christ, established compensation by compensation committee and approval by the board or compensation committee. Cash 2022-12-31 4505091 FMV 341927041 United Church of Christ Board 1300 E 9th Suite 1100 Cleveland OH 44114 501(c)(3) 0 0 0 0 1 1 1 1 0 Form 990, Part III, line 3 The corporation has been dissolved. Form 990, Part VI, Section A, line 4 The corporation has been dissolved and has submitted dissolution documents. Form 990, Part VI, Section A, line 7a The individuals holding the following positions at the United Church of Christ shall constitute the Board of Trustees: (i) the General Minister and President of the United Church of Christ; (ii) each Executive Minister of each of the Covenanted Ministries of the United Church of Christ; (iii) the Secretary of the United Church of Christ Board; and (iv) the Treasurer of the United Church of Christ Board or his or her designee All others shall be appointed by the trustees listed above. Form 990, Part VI, Section B, line 11b The Form 990 is initially reviewed by the CFO and accounting specialist. A copy is then provided to the board members for final review before filing with the IRS. Form 990, Part VI, Section B, line 12c 1. All Covered Persons (Trustees and key employees) must submit an annual Statement of Disclosure detailing any facts or circumstances that might constitute a conflict of interest. All Covered Persons must submit an amended Statement of Disclosure within 30 days of a change or addition to the information provided in the annual Statement of Disclosure, or prior to any deliberation or vote on a matter involving the potential conflict of interest, whichever occurs first. 2. The Secretary and the Treasurer of 700 Prospect Corporation will together review each Statement of Disclosure for any set of facts or circumstances that may indicate an actual or potential conflict of interest. The Secretary and the Treasurer may request the assistance of the Office of General Counsel to identify such conflicts. 3. The Secretary and the Treasurer review actual conflicts. 4. Depending upon the conflict, the following measures might be taken: a. Waive the conflict of interest as unlikely to affect the Covered Person's ability to act in the best interests of the organization; b. Determine that the Covered Person should be recused from all information, deliberation, and decision-making related to the particular transaction or relationship that gives rise to the conflict of interest. This course of action should apply when the transaction or relationship presents a conflict of interest that is limited to a particular activity; or c. Determine that the Covered Person must resign from his or her service to the 700 Prospect Corporation Board of Trustees. This course of action should apply when the conflict of interest is so pervasive that the Covered Person would likely seldom, if ever, be able to act solely in the best interests of 700 Prospect Corporation Form 990, Part VI, Section C, line 19 The governing documents, conflict of interest policy, and financial statements are made available to the public upon request for the same period of disclosure as set forth by IRC Section 6104(d). Form 990, Part XI, line 9: Transfer of Net Assets to United Church of Christ Board - 34-1927041 -4,505,091. United Church of Christ 700 Prospect Avenue Cleveland OH 44115 131957221 Church OH 501(c)(3) Line 1 N/A 0 Council for Health & Human Services Ministries 700 Prospect Avenue Cleveland OH 44115 133118966 Church Affiliate OH 501(c)(3) Line 12a, I United Church of Christ 0 Conferences of the United Church of Christ Insurance Board 700 Prospect Avenue Cleveland OH 44115 942966836 Church Affiliate OH 501(c)(3) Line 1 Conferences of the United Church of Christ 0 United Church Insurance Company Inc 700 Prospect Avenue Cleveland OH 44115 270045940 Church Affiliate OH 501(c)(3) Line 1 Conferences of the United Church of Christ 0 United Church of Christ Cornerstone Fund 700 Prospect Avenue Cleveland OH 44115 341755740 Church Affiliate OH 501(c)(3) Line 1 Conferences of the United Church of Christ 0 The Pension Boards - United Church of Christ 475 Riverside Drive Room 1050 New York NY 10115 135562403 Church Affiliate OH 501(c)(3) Line 1 Conferences of the United Church of Christ 0 United Church of Christ Board 1300 E 9th St Ste 1100 Cleveland OH 44114 341927041 Religious Organization OH 501(c)(3) Line 1 United Church of Christ Board 0 United Church of Christ Hotel Venture LLC 700 Prospect Avenue Cleveland OH 44115 311543281 Rental Real Estate OH N/A 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0