2024-07-08T17:06:03-07:00 2023-12-31 341885407 Team NEO 1111 Superior Ave E Ste 1600 Cleveland OH 44114 990 2023-01-01 341885407 Team NEO Foundation TEAM 2163635400 1111 Superior Avenue Cleveland OH 44114 William Koehler CEO 2163635400 2024-07-08 William Koehler XXX-XX-XXXX true 3 AAL1 IAL1 FAL1 2023 2023-04-26 12:10:37Z William Koehler 1111 Superior Ave Ste 1600 Cleveland OH 44114 7995598 false X www.teamneo.org X 2003 OH Team NEO Foundations mission is to enhance the economy of Northeast Ohio by collaborating with our Network Partners and others to attract new businesses, help those that are here grow and accelerate the impact of innovation in the region. 44 44 45 0 38450 0 7744061 7707096 183768 185498 332 13944 65696 89060 7993857 7995598 0 0 4629830 4744481 0 291818 3382677 3498801 8012507 8243282 -18650 -247684 3222974 3626523 896619 1547852 2326355 2078671 X Team NEO Foundation enhances the economy of Northeast Ohio by collaborating with our partners and others to attract new businesses, help those that are here grow and accelerate the impact of innovation in the region. We also help bring together local, regional and state resources to raise the profile of the region and make the case of investment in Northeast Ohio, focusing on proven businesses that will contribute to the regions success. Our Board serves as the Regional Table for Business and Philanthropy around which challenges regarding economic competitiveness are identified, prioritized and advanced. false false 4686062 0 161548 Growing our Diverse Industry Base - Leverage our deep supply chain and partner relationships across the regions diverse industry base to drive innovation, integrate technology, develop new markets and create equitable opportunity for a highly-trained workforce. 1123481 0 0 Promote and Engage the Region - Telling stories, promoting assets and sharing data insights to advance Team NEO, lift our partners and improve Northeast Ohios regional competitiveness and prosperity. 610506 0 3500 Grow a Pipeline of Competitive Sites - Impact the regional landscape through thoughtful commercial and industrial development in locations that are driving a competitive region and offering more equitable opportunities. 711648 0 20450 Address the Talent Supply-Demand Gap - Growing regional talent alignment through better data and coordinated strategies. 711648 0 20450 7131697 true true false false false false false false false true true false false true true true true false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false true 17 0 true 45 true true true false false false false false false false false false false false X 44 44 false false false false false false false true true false false true true true true true true true true false OH X Laura Koballa Hudak 2163635400 1111 Superior Ave Ste 1600 Cleveland OH 44114 Brendan Buescher Director 1.00 X 0 0 0 Deborah Hoover Director 1.00 X 0 0 0 Nicholas Buzzelli Director 1.00 X 0 0 0 Frank Carrino Director 1.00 X 0 0 0 Christopher Bast Director 1.00 X 0 0 0 Dr Albert Green Director 1.00 X 0 0 0 Dr Marcia Ballinger Director 1.00 X 0 0 0 Michelle Moran Director 1.00 X 0 0 0 Jay Nordholt Director 1.00 X 0 0 0 Terrell Dillard Director 1.00 X 0 0 0 Neal Grode Director 1.00 X 0 0 0 Mark Samolczyk Director 1.00 X 0 0 0 William Seelbach Director 1.00 X 0 0 0 Nick Browning Director 1.00 X 0 0 0 Ward Timken Jr Director 1.00 X 0 0 0 Dr Michael Baston Director 1.00 X 0 0 0 Robert Davis Director 1.00 X 0 0 0 Ray Hexamer Partner Director 1.00 X 0 0 0 Tom Partridge Director 1.00 X 0 0 0 Gary Small Director 1.00 X 0 0 0 Kelly Lamirand Director 1.00 X 0 0 0 Guy Coviello Partner Director 1.00 X 0 0 0 Steve Millard Partner Director 1.00 X 0 0 0 Jeroen Diderich Director 1.00 X 0 0 0 Dr Todd Diacon Director 1.00 X 0 0 0 Bill Epling Director 1.00 X 0 0 0 Eric Logan Director 1.00 X 0 0 0 Kevin Martin Director 1.00 X 0 0 0 Marc Merklin Director 1.00 X 0 0 0 Ron Paydo Director 1.00 X 0 0 0 Glenn Richardson Director 1.00 X 0 0 0 Ariane Kirkpatrick Director 1.00 X 0 0 0 Carol Caruso Director 1.00 X 0 0 0 Rajiv Prasad Director 1.00 X 0 0 0 Baiju Shah Partner Director 1.00 X 0 0 0 Bethia Burke Partner Director 1.00 X 0 0 0 James Gasior Director 1.00 X 0 0 0 Charles George Director 1.00 X 0 0 0 Gia Ligato Director 1.00 X 0 0 0 Damian Thomas Director 1.00 X 0 0 0 Aaron Swartz Director 1.00 X 0 0 0 Daniel Weekley Director 1.00 X 0 0 0 Jodi Berg Chair Emeritus 2.50 X X 0 0 0 Peter Broer Chair Emeritus 2.50 X X 0 0 0 Kimberly Riley Chair 2.50 X X 0 0 0 Allen Mistysyn Vice Chair 2.50 X X 0 0 0 Don Taylor Vice Chair 2.50 X X 0 0 0 Andy Jones Secretary 2.50 X X 0 0 0 Doug Sibila Treasurer 2.50 X X 0 0 0 William Koehler CEO 40.00 X 418033 0 34162 Laura Hudak Asst Secr/Treas 40.00 X 176034 0 16535 Christine Nelson VP, Project Mgt, Site Strategies & Talent 40.00 X 190581 0 27698 Steven Fritsch VP, Industry Advancement & Engagement 40.00 X 179922 0 8410 Jacob Duritsky VP, Strategy and Research 40.00 X 174959 0 19949 Dawn Southard VP, Investor Relations 40.00 X 172642 0 21251 Mark Owens VP, Marketing & Communications 40.00 X 166857 0 26205 Mindy McLaughlin Managing Director, Global Business Development 40.00 X 140455 0 14386 Walter Good Managing Director, Project Management 40.00 X 141466 0 16858 Bryce Sylvester Senior Director, Site Strategies 40.00 X 129576 0 12403 Renee Ligon Senior Director, Partnerships & Engagement 40.00 X 119404 0 19813 Swarna Solanki Director, Business Development, Healthcare 40.00 X 108174 0 939 2118103 0 218609 13 false true false Baruch Superior LLC 1125 Ocean Avenue Lakewood NJ 08701 Rent 199464 Advantage Growth Solutions LLC 8324 Browning Court Concord Township OH 44060 Consulting 113741 2 2250 7704846 1105 7707096 Sponsorships 900099 157450 0 0 Event Registrations 561920 28048 0 0 185498 13944 0 13944 Fee for Service/Accounting 541219 38450 0 38450 0 Dept of Energy MAKE IT winner 900099 50000 0 0 50000 610 0 0 610 89060 7995598 185498 38450 64554 1692922 1371267 220080 101575 2452976 2000842 335778 116356 106425 86204 13835 6386 209396 169611 27221 12564 282762 229037 36759 16966 15588 64 15524 0 29000 25143 2842 1015 1158053 1086777 68895 2381 179078 179078 0 0 81319 68178 8775 4366 158214 138478 14542 5194 151955 127724 14892 9339 230489 210114 14349 6026 333427 329804 0 3623 8596 7453 842 301 71579 58188 9559 3832 13866 12022 1359 485 Market Research 716401 716401 0 0 Memberships & Sponsorships 273946 269946 4000 0 Company Site Visits 14824 14824 0 0 62466 30542 30515 1409 8243282 7131697 819767 291818 1772732 698133 100756 101486 390649 539619 514113 454474 231483 225553 616029 303498 114978 312531 98263 1294727 3222974 3626523 669951 288786 135333 31500 91335 1227566 896619 1547852 X 2121316 1809971 205039 268700 2326355 2078671 3222974 3626523 -247684 X false true X true false X 0 5184383 6232361 6222221 7744061 7707096 33090122 0 0 5184383 6232361 6222221 7744061 7707096 33090122 20248365 12841757 138 1440 321 332 13944 16175 0 0 0 0 0 0 0 33106297 0.38790 0.37670 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 205039 208700 145039 268700 245000 155039 195000 205039 303106 120000 178106 245000 190257 301106 188257 303106 498512 55257 363512 190257 0.00000 0.00000 1.00000 false false 0 0 48746 677 48069 345657 299029 46628 221626 3792 217834 312531 Right of use asset 1267145 Security deposit 27582 1294727 Fiscal agency payable 0 Operating Lease Liability 1227566 1227566 X 8071821 87050 -10827 76223 7995598 7995598 8319505 87050 -10827 76223 8243282 8243282 Pt X, Line 2 Team NEO Foundation 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, Team NEO 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 Team NEO 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. At December 31, 2023 and 2022, there were no unrecognized tax benefits indentified or recorded as liabilities. As of December 31, 2023, the Organizations income tax years from 2020 and thereafter remain subject to examination by the Internal Revenue Service, as well as various state and local taxing authorities. Pt V, Line 4 General operation expenses is $210,000 and Talent expenses is $58,700. Pt XI, Line 2d Represents loss on disposal of fixed assets. It is grouped with revenue on the audited financials. Pt XII, Line 2d Represents loss on disposal of fixed assets. It is grouped with revenue on the audited financials. X true true X X X X X false false false false false false false true false William Koehler 364459 0 53574 0 0 0 16500 0 17662 0 452195 0 0 0 Laura Hudak 162182 0 13852 0 0 0 9417 0 7118 0 192569 0 0 0 Christine Nelson 176916 0 13665 0 0 0 10120 0 17578 0 218279 0 0 0 Steven Fritsch 166569 0 13353 0 0 0 6000 0 2410 0 188332 0 0 0 Jacob Duritsky 161641 0 13318 0 0 0 8391 0 11558 0 194908 0 0 0 Dawn Southard 137463 0 35179 0 0 0 7756 0 13495 0 193893 0 0 0 Mark Owens 157902 0 8955 0 0 0 8681 0 17524 0 193062 0 0 0 Mindy McLaughlin 129600 0 10855 0 0 0 7183 0 7203 0 154841 0 0 0 Walter Good 130511 0 10955 0 0 0 7244 0 9614 0 158324 0 0 0 Pt I Line 1a William Koehlers monthly dues to the Union Club and annual dues to The 50 Club of Cleveland are paid by Team NEO. The benefit is not treated as taxable compensation as it is for business purposes only. Pt I Line 7 Employees are eligible to receive additional compensation above their salary amount, based on individual and organizational performance, paid at the discretion of Team NEO. Approval by the Team NEO Board of Trustees is required. Pt VI, Line 11b The draft Form 990 and its schedules were reviewed by the CEO and the Treasurer of the Board. Any necessary changes were made and the final version was then made available to the Board members for their review. After the stated deadline for comments, the Form 990 and its schedules were electronically filed. Pt VI, Line 12c Team NEO Foundations Board Members annually sign a Conflict of Interest statement. As issues arise at the Board meetings, a Board Member having a conflicting interest would excuse himself/herself from the room during the discussion and voting of the issue as to not impact the results. Pt VI, Line 19 Team NEO Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request, either by providing copies or inspection in the office. Pt VI, Line 15a The process for determining the CEO compensation originally included benchmark studies performed by a consulting firm on what other similar organizations around the country would pay their top person. The CEO Search Committee of the Board was involved in this process. Moving forward, the Governance Committee will play this role. On an annual basis, benchmark studies are available to the Governance Ctm to review. Locally, ERC does a salary study and universities such as Minnesota have done surveys on just economic development organizations. The CEO has an annual performance review which is conducted by the Board Chair and the Chair of the Governance Ctm. The Board Chair and Governance Ctm base the CEOs salary increase and any performance bonus on his performance and achievement of the organizations goals and objectives over the past 12 months. Pt VI, Line 15b The process to hire key employees of the organization includes a review of salary benchmarks from other economic development organizations around the country. On an annual basis, every employee is reviewed both at mid-year and at year-end by the CEO. An average salary increase for employees is agreed to by the CEO and the Board of Directors. The CEO applies the average salary increase at his discretion for all employees. Form 990, Part III, Line 4d Address the Talent Supply-Demand Gap - Growing regional 711648. 0. 20450. Form 990, Part IX, Line 11g Consulting Fees 1136650. 1068221. 66797. 1632. Form 990, Part IX, Line 11g Accounting Processing Fees 21403. 18556. 2098. 749.