2025-10-24T07:32:07-05:00 2024-12-31 340677006 MALONEY NOVOTNY LLC 1111 SUPERIOR AVE SUITE 700 CLEVELAND OH 441142540 990 2024-01-01 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 2025-09-04 1 1 CHRISTOPHER B ANDERSON P00226559 2163630100 2024 2025-03-06 01:10:19Z BETHIA CULLIS AKA BURKE 1422 EUCLID AVE 400 CLEVELAND OH 44115 4870990 0 X WWW.THEFUNDNEO.ORG X 2009 OH DEDICATED TO ADVANCING ECONOMIC GROWTH AND EQUITABLE ACCESS TO OPPORTUNITY FOR THE PEOPLE OF NORTHEAST OHIO. 28 28 7 33 0 0 5079667 4587353 0 0 120141 281637 23001 2000 5222809 4870990 4998434 4570927 0 0 1080442 1240658 0 0 225031 546488 621530 6625364 6433115 -1402555 -1562125 8199916 6083404 717875 163488 7482041 5919916 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 5767985 4570927 2000 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). 5767985 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 21 0 1 7 1 0 0 0 0 0 0 0 0 0 0 0 0 X 28 28 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 MARCUS MADISON AT LARGE TRUSTEE 1.00 X X 0 0 0 VIKKI BROER CHAIR 1.00 X X 0 0 0 RICARDO LEON EVALUATION CHAIR 1.00 X X 0 0 0 PHOEBE LEE FIRST VC 1.00 X X 0 0 0 DAN HAMPU TRUSTEE 1.00 X 0 0 0 TREYE JOHNSON TRUSTEE 1.00 X 0 0 0 DAVID FORD TRUSTEE 1.00 X 0 0 0 ADAM BRIGGS DEVELOPMENT CHAIR 1.00 X X 0 0 0 CHRISTINE MAYER SECOND VC 1.00 X X 0 0 0 CINDY ANDREWS NOMINATING & PERS. CHAIR 1.00 X X 0 0 0 MARK SAMOLCZYK STRATEGY CHAIR 1.00 X X 0 0 0 DR MARCIA BALLINGER TRUSTEE 1.00 X 0 0 0 CATHY BELK SECRETARY 1.00 X X 0 0 0 GINA CHEVERINE TRUSTEE 1.00 X 0 0 0 JESSICA COLOMBI TRUSTEE 1.00 X 0 0 0 MEREDITH GADSBY 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 GRETCHEN LONG TRUSTEE 1.00 X 0 0 0 FALLON PETERSON 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 EMILY THOME TRUSTEE 1.00 X 0 0 0 DERYCK TOLES TRUSTEE 1.00 X 0 0 0 NICK TURNER TRUSTEE 1.00 X 0 0 0 PETER WHITT TRUSTEE 1.00 X 0 0 0 JOHN PETURES TRUSTEE 1.00 X 0 0 0 ALISON HAWKINSON TREASURER, FINANCE 1.00 X 0 0 0 BETHIA CULLIS AKA BURKE PRESIDENT AND CEO 37.50 X 283306 0 22692 BISHARA ADDISON DIRECTOR OF WORKFORCE OPER 37.50 X 125073 0 9215 ANGELICA DANDRIDGE DIRECTOR OF OPERATIONS 37.50 X 143584 0 9215 JOAN CHASE SENIOR DIRECTOR OF STRATEG 37.50 X 177326 0 20740 JEFFERY SLEASMAN DIRECTOR OF APPLIED RESEAR 37.50 X 179250 0 900 908539 0 62762 5 0 1 0 COMPASS POLICY STRATEGIES 2971 BERKSHIRE RD CLEVELAND HTS OH 44118 PROJECT CONSULTING 146105 1 50000 3681964 855389 4587353 281637 281637 OTHER INCOME 900099 2000 2000 2000 4870990 2000 0 281637 4570927 4570927 305998 220012 40392 45594 772987 555778 102034 115175 86618 61147 12861 12610 75055 53965 9907 11183 3833 2756 506 571 37767 27155 4985 5627 12608 1891 10717 257305 133860 103815 19630 2864 2084 474 306 20589 14803 2718 3068 61753 44401 8151 9201 16020 2403 13617 11264 2333 8931 10829 7786 1429 1614 BAD DEBT 100000 15000 85000 COMMUNICATIONS 62439 46829 15610 0 DUES&SUBSCRIPTIONS 4373 2291 2082 EQUIP.RENTAL 3036 2183 401 452 16850 381 16469 6433115 5767985 440099 225031 1043926 101446 811102 431771 1078870 319622 3785 3542 5257994 5227023 4239 0 8199916 6083404 102827 105988 615048 57500 717875 163488 X 5732057 5187930 1749984 731986 7482041 5919916 8199916 6083404 -1562125 0 X 0 1 X 1 0 X 1466345 3743382 7637539 5079667 4587353 22514286 1466345 3743382 7637539 5079667 4587353 22514286 2339884 20174402 271 79 75 120141 281637 402203 20000 1500 980 23001 2000 47481 22963970 0.87850 0.85680 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: OTHER INCOME - 2020 AMOUNT: $ 20,000. 2021 AMOUNT: $ 1,500. 2022 AMOUNT: $ 980. 2023 AMOUNT: $ 23,001. 2024 AMOUNT: $ 2,000. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 X 4858382 0 4858382 12608 12608 4870990 6420507 0 6420507 12608 12608 6433115 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, 2024 AND 2023, THE FUND HAD IDENTIFIED NO UNCERTAIN INCOME TAX POSITIONS. 1 MAGNET 1800 E 63RD ST CLEVELAND OH 44103 341455043 501(C)(3) 70000 0 JOB PREPARATION GREATER AKRON CHAMBER 388 S MAIN STREET SUITE 205 AKRON OH 44103 341156576 501(C)(6) 17500 0 JOB PREPARATION MCGREGOR FOUNDATION 14900 PRIVATE DRIVE CLEVELAND OH 44112 340714356 501(C)(3) 25000 0 JOB PREPARATION STARTING POINT 6001 EUCLID AVENUE SUITE 200 CLEVELAND OH 44103 341650004 501(C)(3) 30000 0 JOB ACCESS TEAM NEO 1111 SUPERIOR AVENUE E SUITE 1600 CLEVELAND OH 44114 341885407 501(C)(3) 150000 0 JOB ACCESS CONXUS NEO 388 S MAIN STREET SUITE 205 AKRON OH 44311 342019627 501(C)(3) 28000 0 JOB PREPARATION 5 1 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 272748 0 10558 0 0 0 0 0 22692 0 305998 0 0 0 JOAN CHASE SENIOR DIRECTOR OF STRATEG 170691 0 6635 0 0 0 0 0 20740 0 198066 0 0 0 JEFFERY SLEASMAN DIRECTOR OF APPLIED RESEAR 172805 0 6445 0 0 0 0 0 900 0 180150 0 0 0 ANGELICA DANDRIDGE DIRECTOR OF OPERATIONS 138371 0 5213 0 0 0 0 0 9215 0 152799 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 - INITIAL COMPENSATION FOR THE PRESIDENT AND CEO WAS APPROVED BY THE EXECUTIVE COMMITEE BASED ON COMPARABLE POSITIONS IN RELATED NOT-FOR-PROFIT ENTITIES. ALL ADJUSTMENTS TO THE PRESIDENT'S SALARY FOLLOWING THE INITIAL CONTRACT HAVE BEEN COST OF LIVING ADJUSTMENTS APPLIED TO ALL STAFF SALARIES. COST OF LIVING ADJUSTMENTS ARE CONSIDERED ANNUALLY BY THE NOMINATING AND PERSONNEL COMMITTEES, AND BENCHMARKS INCLUDE U.S. ECONOMIC DATA AS WELL AS DATA FROM SIMILAR NONPROFITS. 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.