2025-11-14T10:51:49-08:00 2024-12-31 311081751 Toukan & Company 575 Charring Cross Dr Westerville OH 43081 990 2024-01-01 311083219 Westerville Industry and Commerce Corpor WEST 6149016409 PO Box 6107 Westerville OH 43081 Jason Bechtold Treasurer 2025-11-14 true true Heather L Linch CPA P00238341 6149017100 2024 2025-03-06 01:10:19Z Janet Davis PO Box 6107 Westerville OH 43081 906198 false X N/A X 1965 OH To advance, encourage and promote industrial, economic, commercial and civic development of the City of Westerville and Blendon, Sharon, Orange and Genoa Townships by such means as will improve the normal growth, employment opportunities, stability of employment in existing industry, advancement of the industrial and commercial life of the community and to stabilize the general economy of the area. 7 7 0 9 0 9269540 854190 10 13 38773 51995 0 9308323 906198 294122 556024 0 0 0 0 56651 120250 350773 676274 8957550 229924 10193036 9941955 0 10193036 9941955 X To advance, encourage and promote industrial, economic, commercial and civic development of the City of Westerville and Blendon, Sharon, Orange and Genoa Townships by such means as will improve the normal growth, employment opportunities, stability of employment in existing industry, advancement of the industrial and commercial life of the community and to stabilize the general economy of the area. false false 240000 240000 Provide loans to local businesses that promote our tax exempt purpose. If certain income tax revenues are generated by the company within a specified period of time, the loans are forgiven. 145233 145233 Provide grants to improve commercial and mixed-use building facades in the uptown Westerville area. 87550 87550 Uptown Fire Suppression Program - offers up to 75% grant to property owners for wet fire suppression system installation costs for buildings in the Westerville Uptown area. 83241 83241 Provide grants to commercial and industrial companies that have implemented energy efficient projects. Property Development - Purchase or help facilitate the purchase of real property in the Westerville area. Provide grants for Economic Development related to the Fintech PILOT project at Otterbein University to help support creation of local jobs. Power Up Program - provides funding for investment into commercial electric vehicle supply equiment (i.e. EV charging equipment). Commercial Solar Rebate Program - offers rebates for investment in solar panel investment. Innovation Retro commissioning Program - provides funds for retro commissioning projects that are administered by a third party vendor. 83241 83241 556024 true true false false false false false false false false false false true false false true false false false false false false false false false false false true true false false false false false false false false false false false false false false true false true false true 10 0 true 0 false false false false false false false 0 false false false false false false false X 7 7 false false false false false false false true true false false true true true true true true false false false OH X Rob Rishel 6149016409 21 South State Street Westerville OH 43081 X Janet Davis Chairperson 1.00 0.00 X X 0 0 0 Dennis Blair Trustee-End 0.10 0.00 X 0 0 0 Andrew Winkel Trustee-Begin 1.00 0.00 X 0 0 0 Michael Swartz Trustee 1.00 0.00 X 0 0 0 Bruce Bailey Trustee-End 0.10 0.00 X 0 0 0 Rick Rano Trustee 1.00 0.00 X 0 0 0 Jason Bechtold Treasurer 1.00 0.00 X X 0 0 0 Monica Irelan Trustee 1.00 0.00 X 0 0 0 Coutanya Coombs Trustee-Begin 1.00 0.00 X 0 0 0 Monica Dupee Vice Chair 1.00 0.00 X 0 0 0 Rob Rishel Secretary 1.00 0.00 X 0 0 0 0 false false false 0 854190 854190 Membership Dues 561499 13 13 13 51995 51995 0 0 0 0 0 0 0 0 906198 52008 316024 316024 240000 240000 0 0 0 0 0 0 0 0 0 0 15536 15536 0 0 0 40600 40600 0 567 567 0 0 35317 35317 0 0 0 0 0 0 0 Real Estate Expense 28030 28030 Ohio Filing Fee 200 200 0 676274 556024 120250 0 1169178 1460602 0 0 0 0 0 288500 227000 0 0 0 0 0 8735358 8254353 0 0 10193036 9941955 0 0 X 9916817 9467463 276219 474492 10193036 9941955 10193036 9941955 X 229924 -481005 X true X false false false X 824894 672638 49484 9269550 854203 11670769 0 0 824894 672638 49484 9269550 854203 11670769 0 11670769 360 321 402 38773 51995 91851 0 0 11762620 0.99220 0.99640 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 8254353 X Part X : FIN48 Footnote The Corporation is exempt from federal income tax under Section 501(c)(3) of the Internal Revenue Code. However, certain unrelated business activities may be subject to federal income taxes. The Corporation had no unrelated business activities and therefore, no provision for such taxes was necessary for the year ended December 31, 2024.Generally accepted accounting principles require the Corporation to evaluate the level of uncertainty related to whether tax positions taken will be sustained upon examination. Any positions taken that do not meet the more-likely-than-not threshold must be quantified and recorded as a liability for unrecognized tax benefits in the accompanying statement of financial position along with any associated interest and penalties that would be payable to the taxing authorities upon examination. Management believes that none of the tax positions taken would materially impact the financial statements and no such liabilities have been recorded. true 32 W College LLC 235 Stanbery Ave Columbus OH 43209 862014671 30000 0 Facade Grant Budderfly Inc 2 Trap Falls Road Suite 310 Shelton CT 06484 822765116 7482 0 Energy Grant Life in the Ville LLC 23 E College Ave Westerville OH 43081 864648777 100000 0 Facade Grant Life in the Ville V LLC 23 E College Ave Westerville OH 43081 923109327 87550 0 Fire Suppression Otterbein University 1 S Grove St Westerville OH 43081 314379532 39967 0 Energy Grant Rotary Intl Club Westerville PO Box 595 Westerville OH 43086 316050404 10235 0 Facade Grant Westerville City School Distr 936 Eastwind Drive Westerville OH 43081 316401114 15980 0 Energy Grant 2 5 Loan Forgiveness 3 240000 Grantmaker's Description of How Grants are Used Facade Grant - Funding is in the form of a rebate payment at the conclusion of the project, after certification of project costs and verification of compliance with approved plans. There are a number of steps that an applicant has to complete before reimbursement. They are as follows: 1. Pre-Application Meeting: Meeting with City of Westerville staff to review the scope of the work 2. Application Submittal: The applicant must submit an application that contains architectural renderings, estimated budget, material board(s) with paint chips/material samples, and site plan (If determined that requirements are met, application is submitted to WICC for approval) 3. Project Approval Process: WICC will either accept or deny. If accept, then WICC will issue a dated letter to the applicant. The applicant then must obtain a Certificate of Appropriateness from the Uptown Review Board (URB) within 60 days. After issuance of the Certificate, WICC will determine final approval based on the applicant entering into an incentive agreement with WICC that outlines the terms of the program and the criteria for receiving payment. 4. Project Completion & Rebate Grant Issuance: City of Westerville Planning and Development staff review the project upon completion for compliance with URB approval. Satisfactory projects will be issued a signed Certificate of Project Completion. In order for reimbursement, the applicant has to submit to the Treasurer of WICC the Certificate of Project Completion and detailed receipts or invoices that match the project description and final budget. Energy Grant - The City of Westerville Electric Division is providing commercial and industrial customers incentives for implementing energy efficiency projects through the Commercial & Industrial Energy Savings Program (CIESP). Incentives are only available to non-residential customers with annual electric usages of more than 250,000 kWh. Funds for the program are limited and subject to availability. Funds are monitored using the following requirements: 1. Applicant must submit a pre-approval application and receive pre-approval from the City of Westerville before being eligible to receive an incentive. 2. Projects must involve a facility improvement that results in a permanent reduction in electrical energy usage (kWh). (City of Westerville reserves the right to develop cost effectiveness tests to determine if project qualifies for an incentive) 3. Projects must be installed on the City of Westerville electric account listed on the application 4. Equipment must be purchased, installed and operating (or capable of operating in the case of seasonal uses) prior to submitting a final incentive application. 5. The final application must be submitted within 60 days of project completion. Project documentation, such as copies of dated and paid invoices for the purchase and installation of the energy efficiency measures, along with product technical specification sheets, must be included with the final application. (The City of Westerville reserves the right to request additional supporting documentation as necessary to confirm eligibility and verify savings) 6. By applying, the customer grants the City of Westerville the right to perform pre- and post-installation inspections. 7. The City of Westerville reserves the right to perform monitoring and inspection of the energy efficiency projects for a three year period following completion of the installation in order to determine the actual demand reduction and energy savings.Fire Suppression Grant - Grant requests are reviewed and approved by the Council prior to disbursement. Funds are provided only after the project is completed and eligible expenditures have been verified. The organization monitors spending to ensure that grant amounts do not exceed the approved funding levels. Form 990, Part VI, Section B, Line 11b The Form 990 is typically prepared by independent tax accountants and a copy is provided to and reviewed by Board Members prior to filing. Form 990, Part VI, Section B, Line 12c Each director, principal officer and member of a committee with governing board delegated powers shall annually sign a statement which affirms such person: A. Has received a copy of the conflicts of interest policy, B. Has read and understands the policy, C. Has agreed to comply with the policy, and D. Understands the Organization is charitable and in order to maintain its federal tax exemption it must engage primarily in activities which accomplish one or more of its tax-exempt purposes.Board members abstain from voting if a conflict is identified that the board member is involved with during the year. Form 990, Part VI, Section C, Line 19 When requested, documents are provided via mail, e-mail, etc. Form 990, Part XI, Line 9 Land held for Development correction = -$481005 City of Westerville 21 South State Street Westerville OH 43081 316401113 Governmental Unit OH N/A false false false true false false false false false false false false false false false false false false false false City of Westerville c 854190 FMV