2024-10-02T11:58:52-05:00 2023-12-31 340677006 MALONEY NOVOTNY LLC 1111 SUPERIOR AVE SUITE 700 CLEVELAND OH 441142540 990 2023-01-01 270606927 FUND FOR OUR ECONOMIC FUTURE OF NORTHEAST OHIO FUND 2164569800 1422 EUCLID AVE 400 CLEVELAND OH 44115 BETHIA CULLIS AKA BURKE PRESIDENT AND CEO 2164569800 2024-09-30 1 0 CHRISTOPHER B ANDERSON P00226559 2163630100 2023 2024-10-15 13:58:12Z X BETHIA CULLIS AKA BURKE 1422 EUCLID AVE 400 CLEVELAND OH 44115 5222809 0 X WWW.THEFUNDNEO.ORG X 2009 OH DEDICATED TO ADVANCING ECONOMIC GROWTH AND EQUITABLE ACCESS TO OPPORTUNITY FOR THE PEOPLE OF NORTHEAST OHIO. 37 37 8 37 0 0 7637539 5079667 0 0 75 120141 980 23001 7638594 5222809 5445333 4998434 0 0 787312 1080442 0 0 146990 690305 546488 6922950 6625364 715644 -1402555 9584992 8199916 700396 717875 8884596 7482041 X THE FUND FOR OUR ECONOMIC FUTURE IS A CREATIVE SPACE FOR PHILANTHROPIC FUNDERS AND CIVIC LEADERS TO EXPLORE WHAT MATTERS AND IMPLEMENT WHAT WORKS TO ACHIEVE EQUITABLE ECONOMIC GROWTH, EMPHASIZING SYSTEMIC, LONG-TERM CHANGE. 0 0 6055329 4998434 23001 SEE SCHEDULE OTHE FUND'S STRATEGY IS TO ADVANCE ECONOMIC GROWTH AND EQUITABLE ACCESS TO OPPORTUNITY FOR THE PEOPLE OF NORTHEAST OHIO BY ARTICULATING AND ADVANCING A REGIONAL AGENDA, EMPOWERING A LEADERSHIP NETWORK AND DEVELOPING STRATEGIC FUNDING TO ORGANIZATIONS WHICH SHOW THE GREATEST POTENTIAL FOR ADVANCING GROWTH AND OPPORTUNITY WITHIN THE 18-COUNTY NORTHEAST OHIO REGION.THE FOCUS IS ON FOUR CHARITABLE PRIORITIES:- JOB CREATION (ADD JOBS, COMBAT COMMUNITY DETERIORATION).- JOB PREPARATION (SKILL BUILDING FOR EMPLOYMENT, IMPROVEMENTS IN THE QUALITY OF JOBS).- JOB ACCESS (REDUCING GEOGRAPHIC BARRIERS BETWEEN PEOPLE AND JOBS BY BRINGING JOBS CLOSER TO PEOPLE AND PEOPLE CLOSER TO JOBS).- SYSTEMIC RACIAL INCLUSION (ADD JOBS, CONNECT PEOPLE TO JOBS, ELIMINATE NEIGHBORHOOD TENSION). 6055329 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 22 0 1 8 1 0 0 0 0 0 0 0 0 0 0 0 0 X 37 37 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 OH X X BETHIA CULLIS AKA BURKE 2164569800 1422 EUCLID AVE STE 400 CLEVELAND OH 44115 MARK SAMOLCZYK CHAIR 1.00 X X 0 0 0 WILLIAM GARY CHAIR EMERITUS 1.00 X X 0 0 0 ADAM BRIGGS 1ST VICE CHAIR 1.00 X X 0 0 0 PHOEBE LEE 2ND VICE CHAIR 1.00 X X 0 0 0 CHRISTINE MAYER SECRETARY 1.00 X X 0 0 0 DENISE GRIGGS TREASURER & FINANCE CHAIR 1.00 X X 0 0 0 VIKKI BROER NOMINATING & PERSONNEL CHAIR 1.00 X 0 0 0 ERIC CLARK EVALUATION CHAIR 1.00 X 0 0 0 TERESA LEGRAIR AT-LARGE TRUSTEE 1.00 X 0 0 0 TREYE JOHNSON TRUSTEE 1.00 X 0 0 0 CINDY ANDREWS TRUSTEE 1.00 X 0 0 0 CATHY BELK TRUSTEE 1.00 X 0 0 0 MARCIA BALLINGER TRUSTEE 1.00 X 0 0 0 ANGELA DORAZIO TRUSTEE 1.00 X 0 0 0 DAVID FORD TRUSTEE 1.00 X 0 0 0 MEREDITH GADSBY TRUSTEE 1.00 X 0 0 0 JANI GROZA TRUSTEE 1.00 X 0 0 0 DANIEL HAMPU TRUSTEE 1.00 X 0 0 0 TREVELLE HARP TRUSTEE 1.00 X 0 0 0 PAUL HERDEG TRUSTEE 1.00 X 0 0 0 KAREN HOOSER TRUSTEE 1.00 X 0 0 0 PATRICK KELLY TRUSTEE 1.00 X 0 0 0 INDIA PIERCE LEE TRUSTEE 1.00 X 0 0 0 RICARDO LEON TRUSTEE 1.00 X 0 0 0 MARCUS MADISON TRUSTEE 1.00 X 0 0 0 JIM PETRAS TRUSTEE 1.00 X 0 0 0 JOHN T PETURAS JR TRUSTEE 1.00 X 0 0 0 JENNIFER ROLLER TRUSTEE 1.00 X 0 0 0 VICTOR RUIZ TRUSTEE 1.00 X 0 0 0 BILL SEELBACH TRUSTEE 1.00 X 0 0 0 NBAIJU SHAH TRUSTEE 1.00 X 0 0 0 TELEANGE THOMAS TRUSTEE 1.00 X 0 0 0 EMILY THOME TRUSTEE 1.00 X 0 0 0 DERYCK TOLES TRUSTEE 1.00 X 0 0 0 TIM TRAMBLE TRUSTEE 1.00 X 0 0 0 NICK TURNER TRUSTEE 1.00 X 0 0 0 MARTY UHLE TRUSTEE 1.00 X 0 0 0 BETHIA CULLIS AKA BURKE PRESIDENT AND CEO 37.50 X 282938 0 20465 BISHARA ADDISON DIRECTOR OF WORKFORCE OPERATIONS 37.50 X 114141 0 7136 REANNA KAROUSIS DIRECTOR OF OPERATIONS 37.50 X 123423 0 19874 JOAN CHASE SENIOR DIRECTOR OF STRATEGIC INITIATIVES 37.50 X 100934 0 396 JEFFERY SLEASMAN DIRECTOR OF APPLIED RESEARCH 37.50 X 107966 0 404 729402 0 48275 5 0 1 0 COMPASS POLICY STRATEGIES 2971 BERKSHIRE RD CLEVELAND HTS OH 44118 PROJECT CONSULTING 196282 SEAN WATTERSON 1012 PARKSIDE DR LAKEWOOD OH 44107 PROJECT CONSULTING 119750 2 100000 3595250 1384417 5079667 120141 120141 OTHER INCOME 900099 23001 23001 23001 5222809 23001 0 120141 4998434 4998434 303403 200006 74037 29360 640922 432250 149419 59253 71704 46534 18648 6522 64413 43127 15242 6044 7771 6217 1554 43092 28851 10197 4044 2062 2062 187181 78600 79753 28828 3990 2822 902 266 45809 30670 10840 4299 63496 42513 15025 5958 14509 9714 3433 1362 11397 9908 1489 8583 5747 2031 805 COMMUNICATIONS 134671 107737 26934 DUES&SUBSCRIPTIONS 9019 8301 718 REPAIRS&MAINTENANCE 2656 2125 531 EQUIP.RENTAL 2611 1748 618 245 9641 25 9612 4 6625364 6055329 423045 146990 6193340 1043926 1256318 811102 2124818 1078870 6277 3785 0 5257994 4239 4239 9584992 8199916 189348 102827 511048 615048 700396 717875 X 5528995 5732057 3355601 1749984 8884596 7482041 9584992 8199916 -1402555 0 X 0 1 X 1 0 X 4328688 1466345 3743382 7637539 5079667 22255621 4328688 1466345 3743382 7637539 5079667 22255621 3044710 19210911 410 271 79 75 120141 120976 800 20000 1500 980 23001 46281 22422878 0.85680 0.68060 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2019 AMOUNT: $ 800. 2020 AMOUNT: $ 20,000. 2021 AMOUNT: $ 1,500. 2022 AMOUNT: $ 980. 2023 AMOUNT: $ 23,001. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 5220747 0 5220747 2062 2062 5222809 6623302 0 6623302 2062 2062 6625364 PART X, LINE 2: FIN 48/ASC 740 FOOTNOTE - THE FUND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AS A PUBLIC CHARITY UNDER SECTION 170(B)(1)(A)(VI) OF THE INTERNAL REVENUE CODE AND DOES NOT CURRENTLY CONDUCT ANY ACTIVITIES WHICH WOULD RESULT IN THE IMPOSITION OF UNRELATED BUSINESS INCOME TAX. THE FUND FILES INFORMATIONAL RETURNS IN THE UNITED STATES FEDERAL AND OHIO JURISDICTIONS. UNCERTAIN INCOME TAX POSITIONS ARE EVALUATED AT LEAST ANNUALLY BY MANAGEMENT. AS OF DECEMBER 31, 2023 AND 2022, THE FUND HAD IDENTIFIED NO UNCERTAIN INCOME TAX POSITIONS. 1 CENTER FOR NEIGHBORHOOD TECHNOLOGY 17 N STATE STREET STE 1400 CHICAGO IL 60602 362967283 501(C)(3) 125000 0 JOB ACCESS ECONOMIC GROWTH FOUNDATION 1240 HURON RD E SUITE 300 CLEVELAND OH 44115 341916518 501(C)(3) 218209 0 JOB PREPARATION: $120,209; JOB CREATION: $98,000 NEW BRIDGE 3634 EUCLID AVENUE SUITE 100 CLEVELAND OH 44115 271193704 501(C)(3) 385000 0 JOB PREPARATION OHIO AEROSPACE INSTITUTE 22800 CEDAR POINT ROAD BROOKPARK OH 44142 341621676 501(C)(3) 50000 0 JOB CREATION STARTING POINT 6001 EUCLID AVENUE SUITE 200 CLEVELAND OH 44103 341650004 501(C)(3) 30000 0 JOB PREPARATION TEAM NEO 1111 SUPERIOR AVENUE E SUITE 1600 CLEVELAND OH 44114 341885407 501(C)(3) 250000 0 JOB ACCESS TECH BELT ENERGY INNOVATION CENTER 125 W MARKET STREET WARREN OH 44481 272660738 501(C)(3) 7500 0 JOB CREATION THE CLEVELAND FOUNDATION 6601 EUCLID AVENUE CLEVELAND OH 44103 340714588 501(C)(3) 30000 0 JOB CREATION 8 PART I, LINE 2: MONITORING USE OF GRANT FUNDS - PROPOSALS ARE CONSIDERED ON AN INVITATION BASIS. RECEIVED PROPOSALS ARE REVIEWED BY A COMBINATION OF FUND FOR OUR ECONOMIC FUTURE ("FUND") STAFF, BOARD MEMBERS, AND, FROM TIME TO TIME, INVITED EXPERTS. AWARDS ARE APPROVED BASED ON THE AUTHORITY OUTLINED IN THE FUND'S CODE OF REGULATIONS, WITH THE LEVEL OF BOARD APPROVAL REQUIRED INCREASING WITH INCREASED MAGNITUDE OF THE AWARD (E.G., AWARDS OF $100,000 OR MORE ARE APPROVED BY THE FULL BOARD). MONITORING OF ACTIVE GRANTS INCLUDES: REGULAR REPORTING TO FUND STAFF AND A COMMITTEE OF FUND BOARD MEMBERS AND/OR BOARD PARTICIPANTS; FUNDING RELEASE IS TIED TO PROGRESS AGAINST STATED GOALS; AND FUND MEMBERS AND/OR FUND STAFF SERVE AS BOARD OBSERVERS ON THE BOARDS OF LARGE GRANTEE ORGANIZATIONS ON BEHALF OF THE FUND. IN SPECIAL CASES, THE FUND'S BOARD MEMBERS SERVE AS VOTING MEMBERS OF GRANTEE ORGANIZATION BOARDS ON BEHALF OF THE FUND. IN THIS CIRCUMSTANCE, THESE FUND MEMBERS DO NOT PARTICIPATE IN FUNDING DECISIONS FOR THOSE ORGANIZATIONS. X X 0 0 0 0 0 0 0 0 0 BETHIA CULLIS AKA BURKE PRESIDENT AND CEO 269013 0 13925 0 0 0 0 0 20465 0 303403 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B FORM 990 REVIEW - THE FORM 990 IS PREPARED BY THE FUND'S INDEPENDENT ACCOUNTANT AND REVIEWED BY FUND MANAGEMENT. AFTER THIS REVIEW, THE FORM 990 IS REVIEWED WITH THE FUND'S FINANCE COMMITTEE. ANY MODIFICATIONS AS A RESULT OF THIS REVIEW ARE MADE AND THE FORM 990 IS MADE AVAILABLE TO THE BOARD MEMBERS FOR THEIR REVIEW. ANY QUESTIONS FROM THE BOARD MEMBERS ARE RESOLVED AND THE FORM 990 IS THEN FINALIZED AND FILED. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICT POLICY - OFFICERS, TRUSTEES, AND KEY EMPLOYEES DISCLOSE ALL POSSIBLE CONFLICT RELATIONSHIPS WHEN ENTERING THE POSITION AND ANNUALLY DISCLOSE ANY NEW POSSIBLE CONFLICT RELATIONSHIPS. WHEN A CONFLICT ARISES, THE PERSON WITH THE CONFLICT IS NOT PERMITTED TO VOTE ON THE TRANSACTION THAT GAVE RISE TO THE CONFLICT. THE DECISION ABOUT THE TRANSACTION IS MADE IN THE BEST INTEREST OF THE ORGANIZATION BY PEOPLE WHO ARE INDEPENDENT OF THE PERSON WITH THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION REVIEW AND APPROVAL - THE BOARD MEMBERS APPROVE THE COMPENSATION OF THE PRESIDENT AND CEO BASED ON THE RECOMMENDATIONS AND DUE DILIGENCE FROM THE NOMINATING AND PERSONNEL COMMITTEE WHICH INCORPORATES SURVEYS OF NON-PROFIT ORGANIZATIONS OF SIMILAR SIZE. THE PRESIDENT MAKES COMPENSATION DECISIONS, OTHER THAN THE COST OF LIVING ADJUSTMENT, FOR OTHER EMPLOYEES. COMPENSATION DECISIONS ARE MADE BY INDIVIDUALS THAT ARE INDEPENDENT OF THE PERSONS FOR WHOM COMPENSATION DECISIONS ARE BEING MADE. DELIBERATIONS OF THE BOARD AND THE NOMINATING AND PERSONNEL COMMITTEE ARE DOCUMENTED IN THE MINUTES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 AVAILABILITY OF DOCUMENTS - THE FUND MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.