Civic Intelligence

Global Cleveland

990 • Fiscal year 2014 • EIN 27-5245539

Jan 01, 2014 to Dec 31, 2014 • Filed on Jul 12, 2015

200 Public Square No 150Cleveland, OH 44114

(216) 472-3282

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

52nd percentile

0.12x

Higher debt load relative to assets than 52% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Liabilities / Revenue

55th percentile

0.14x

Higher debt load relative to revenue than 55% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Net Margin

34th percentile

-1.8%

Higher net margin than 34% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Top Officer Pay

87th percentile

$172,813

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 14.5% of source-year revenue.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2014

Asset Growth

16th percentile

-6.6%

Faster asset growth than 16% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Revenue Growth

74th percentile

18%

Faster revenue growth than 74% of similar nonprofits.

2014 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2013 to 2014

Assets

Down

$1,346,051

Down $95,036 (-6.6%) from 2013

Net Assets

Down

$1,178,096

Down $21,939 (-1.8%) from 2013

Liabilities

Down

$167,955

Down $73,097 (-30%) from 2013

Revenue

Up

$1,192,866

Up $184,736 (+18%) from 2013

Expenses

Up

$1,214,805

Up $393,939 (+48%) from 2013

Net Income

Down

-$21,939

Down $209,203 (-112%) from 2013

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$1.5M$1.0M$500K$0Assets 2012: $1,432,212Liabilities 2012: $382,642Net Assets 2012: $1,049,5702012Assets 2013: $1,441,087Liabilities 2013: $241,052Net Assets 2013: $1,200,0352013Assets 2014: $1,346,051Liabilities 2014: $167,955Net Assets 2014: $1,178,0962014Assets 2015: $635,639Liabilities 2015: $201,041Net Assets 2015: $434,5982015Assets 2016: $279,732Liabilities 2016: $225,314Net Assets 2016: $54,4182016Assets 2017: $429,725Liabilities 2017: $298,281Net Assets 2017: $131,4442017Assets 2018: $211,595Liabilities 2018: $67,768Net Assets 2018: $143,8272018Assets 2019: $472,881Liabilities 2019: $107,298Net Assets 2019: $365,5832019Assets 2020: $637,872Liabilities 2020: $85,979Net Assets 2020: $551,8932020Assets 2021: $1,240,045Liabilities 2021: $64,924Net Assets 2021: $1,175,1212021Assets 2022: $1,184,973Liabilities 2022: $98,144Net Assets 2022: $1,086,8292022Assets 2023: $1,429,106Liabilities 2023: $145,381Net Assets 2023: $1,283,7252023Assets 2024: $1,234,125Liabilities 2024: $116,628Net Assets 2024: $1,117,4972024

Highlighted filing

2014

Assets$1,346,051
Liabilities$167,955
Net Assets$1,178,096

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$2.0M$1.0M$0-$1.0MExpenses 2012: $851,3572012Revenue 2013: $1,008,130Expenses 2013: $820,866Net Income 2013: $187,2642013Revenue 2014: $1,192,866Expenses 2014: $1,214,805Net Income 2014: -$21,9392014Revenue 2015: $352,709Expenses 2015: $1,096,207Net Income 2015: -$743,4982015Revenue 2016: $315,802Expenses 2016: $763,370Net Income 2016: -$447,5682016Revenue 2017: $918,049Expenses 2017: $975,946Net Income 2017: -$57,8972017Revenue 2018: $858,826Expenses 2018: $856,724Net Income 2018: $2,1022018Revenue 2019: $1,107,857Expenses 2019: $890,115Net Income 2019: $217,7422019Revenue 2020: $1,032,870Expenses 2020: $849,510Net Income 2020: $183,3602020Revenue 2021: $1,897,312Expenses 2021: $1,274,084Net Income 2021: $623,2282021Revenue 2022: $1,402,257Expenses 2022: $1,490,549Net Income 2022: -$88,2922022Revenue 2023: $1,672,474Expenses 2023: $1,492,392Net Income 2023: $180,0822023Revenue 2024: $1,229,805Expenses 2024: $1,428,268Net Income 2024: -$198,4632024

Highlighted filing

2014

Revenue$1,192,866
Expenses$1,214,805
Net Income-$21,939
Jump To
Filing Snapshot
Filing Period
Jan 1, 2014 to Dec 31, 2014
Signed
Jul 12, 2015
Return Version
2014v5.0
Gross Receipts
$1,192,866
Mission and Program Overview

Mission

Global cleveland is a regional economic development agency focused on attracting, welcoming, and connecting international newcomers to social and economic opportunities throughout greater cleveland.

Initiatives attract, connect, & welcome newcomers (immigrants & refugees) to stimulate economic growth in the region.

Balance Sheet Detail
LineBeginningEndChange
Assets
Pledges and Grants Receivable$1,006,261$631,683▼ $374,578
Cash and Non-Interest-Bearing Accounts$94,502$374,612▲ $280,110
Land, Buildings, and Equipment, Net$306,942$324,462▲ $17,520
Intangible Assets$3,000$1,500▼ $1,500
Prepaid Expenses and Deferred Charges$10,912$500▼ $10,412
Total Assets$1,441,087$1,346,051▼ $95,036
Other Assets Total$19,470$13,294▼ $6,176
Liabilities
Mortgage Notes Payable Secured by Investment Property$202,623$120,143▼ $82,480
Accounts Payable and Accrued Expenses$38,429$47,812▲ $9,383
Total Liabilities$241,052$167,955▼ $73,097
Net Assets / Fund Balance
Temporarily Rstr Net Assets$1,006,261$631,683▼ $374,578
Unrestricted Net Assets$193,774$546,413▲ $352,639
Total Net Assets Fund Balance$1,200,035$1,178,096▼ $21,939
Total Liabilities and Net Assets / Fund Balance$1,441,087$1,346,051▼ $95,036

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$124,809$124,863$249,672
Equipment$159,689$50,355$210,044
Other Land Buildings$39,964$21,177$61,141
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Joy RollerPresidentFT$149,602$23,211$172,813
Pamela HolmesCFOFT$69,602$16,735$86,337

Board Members and Trustees

NameTitle
David FleshlerChairman
Daniel Walsh JrTreasurer and Vice Chair
Albert RatnerBoard Member
Baiju ShahBoard Member
Bob RosingBoard Member
Carolyn BullerBoard Member
Catherine WurtsBoard Member
Charles ChaikinBoard Member
Douglas BugieBoard Member
Edward BellBoard Member
Fred GeisBoard Member
Gary HansonBoard Member
Joseph CabralBoard Member
Judge Dan PolsterBoard Member
Margaret WongBoard Member
Mari Galindo-dasilvaBoard Member
Marsha MockabeeBoard Member
Neil MohneyBoard Member
Norman SteinerBoard Member
Radhika ReddyBoard Member
Robert BriggsBoard Member
Ronald B RichardBoard Member
Sam McnultyBoard Member
Sheila WrightBoard Member
Thomas Tomasula JrBoard Member
Thomas WaltermireBoard Member
Tom AdlerBoard Member
Valarie MccallBoard Member
William GaryBoard Member
Oren BaratzSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Uncomntv Network LLCMarketing And Website Development2472 EAST 126TH STREET, Cleveland, OH 44120$111,194
Revenue and Support

Revenue Composition

Contributions and Grants
$1,192,866
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$342,866
Change in Net Assets
$-21,939

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,192,866
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$37,657
Total Revenue per Audited Statements
$1,230,523
Total Revenue per Form 990
$1,192,866
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$715,546
Salaries, Compensation, and Employee Benefits$499,259
Total Fundraising Expense$41,609
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Other$225,277$28,086$9,356$262,719
Current Officers, Directors, Trustees, and Key Employees$164,108$39,382$15,714$219,204
Other Salaries and Wages$200,188$7,759-$207,947
Conferences and Meetings$154,342$1,733$578$156,653
Advertising$85,047$571$190$85,808
Depreciation Depletion$48,585$7,787$2,286$58,658
Office Expenses$35,017$15,297$5,153$55,467
Occupancy$35,419$4,584$1,667$41,670
Other Employee Benefits$34,916$4,519$1,643$41,078
Payroll Taxes$15,823$11,405$3,802$31,030
Fees for Services Accounting$11,348$13,969$534$25,851
Information Technology$11,737$1,465$493$13,695
Interest$341$6,547-$6,888
Insurance$2,902$3,259$126$6,287
Fees for Services Legal$1,585$198$67$1,850
Total Functional Expenses$1,026,635$146,561$41,609$1,214,805

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,252,462
Expenses per Audited Statements$1,214,805
Total Expenses per Form 990$1,214,805
Expenses Not Reported on Form 990$37,657
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
Daniel P WalshBoard MemberDaniel P. Walsh, Jr., Global Cleveland Director, Is President, the Huntington National Bank - Greater Cleveland Region, With Which Global Cleveland Has Banking and Brokerage Accounts as Well as a Line of Credit.No-
Norman SteinerBoard MemberNorman Steiner, Global Cleveland Director, Is Vice President of Business Development for Medical Mutual of Ohio, the Entity From Which Global Cleveland Purchases Its Medical Coverage.No-
Robert FallsBoard MemberRobert Falls, Global Cleveland Director, CEO of Falls Communications, Global Cleveland Purchases Public Relations Services From This Organization.No-
Shana MarburyBoard MemberSHANA MARBURY, GLOBAL CLEVELAND DIRECTOR, GENERAL COUNCIL OF GREATER CLEVELAND PARTNERSHIP (GCP). GCP'S AFFILIATE, CLEVELAND DEVELOPMENT ADVISORS IS THE "LENDER" FOR GLOBAL CLEVELAND'S OPERATING/CONSTRUCTION LOAN.No-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

I. Advisory board members: valerie bertinelli and tom vitale are married ii. Global cleveland directors albert b. Ratner, thomas w. Adler, david fleshler and the honorable dan aaron polster have philanthropic funds managed by the jewish federation of cleveland (jcf). The honorable dan aaron polster is a board member of global cleveland and the federation. Global cleveland board member oren baratz is vice president of external affairs for the jewish federation of cleveland (jcf). Iii. Global cleveland director albert b. Ratner is co-chairman emeritus for forest city enterprises, inc. And global cleveland director neil mohney is executive coordinator for forest city enterprises, inc. Iv. Global cleveland director tom waltermire, ceo of team neo, receives funding from the cleveland foundation. Ronald richard, ceo and president for the cleveland foundation is a director of global cleveland. V. Global cleveland director: valarie j. Mccall is chief of government and international affairs for the city of cleveland and honorary board member frank g. Jackson is mayor of the city of cleveland. Vi. Global cleveland director: daniel p. Walsh, jr., president of the huntington national bank - greater cleveland region where global cleveland has its banking and brokerage accounts as well as a line of credit. Vii. Global cleveland director: shana marbury, general counsel & vice president of strategic initiatives, greater cleveland partnership, affiliated with cleveland development partners, through which global cleveland has a construction and operating loan. Viii. Global cleveland director, sheila wright, is director of community affairs for the good communities foundation, a foundation funded by albert b. Ratner who is also a global cleveland director.

Form 990, Part VI, Section B, Line 11

Prior to filing, global cleveland staff and board chair reviews the 990. The document is reviewed by the finance committee, then submitted to the executive committee and board for final approval.

Form 990, Part VI, Section B, Line 12C

A conflict of interest policy is part of global cleveland's code of regulations. Board members annually sign a statement indicating they understand the policy and disclose any areas that may give rise to a potential conflict of interest. The board periodically reviews and monitors all conflicts of interest. Directors refrain from voting on those issues where the opportunity or appearance of a potential conflict may exist.

Form 990, Part VI, Section B, Line 15A

The executive committee, in consultation with the finance committee, determines the president's compensation after: 1) comparing industry data; 2) compensation of top management official comparable nonprofits with similar missions and/or size; and 3) considering level of experience. The board of directors approves his/her employment contract.

Form 990, Part VI, Section C, Line 18

The organization's governing documents and conflict of interest policy are available upon request.

Form 990, Part VI, Section C, Line 19

The organization's governing documents and conflict of interest policy are available upon request.

Filing and Contact Details

Filer

Filer Name
Global Cleveland
EIN
27-5245539
Phone
2164723282
Address
200 PUBLIC SQUARE NO 150, CLEVELAND, OH 44114

Signing Officer

Name
David Fleshler
Title
Board Chair
Phone
2164723282
Signed
2015-07-12
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Fleshler
Formed
2011
Legal Domicile
Oh
Voting Board Members
30
Independent Board Members
30
Employees
9
Volunteers
270

Preparer

Firm
Barnes Wendling Cpas Inc
Address
5050 WATERFORD DRIVE, SHEFFIELD VILLAGE, OH 44035
Preparer
Laurie a Gatten CPA
Phone
4409343850
Supplemental Narrative

Additional Explanations

Form 990, Part III, Line 2

In 2014, global cleveland completed a strategic planning process that helped to bring greater clarity and focus to the organization's mission and goals. Approved by the global cleveland board in may 2014, global cleveland's new strategic plan incorporates attraction, connection and welcoming strategies that are designed to increase the flow of population and stimulate economic growth in the region. During the fiscal year global cleveland's work was focused on four main objectives: i. To connect and convene greater cleveland businesses, colleges, universities, and multicultural organizations to attract newcomers, both foreign and domestic, that will support the growth and talent needs of the region's businesses, industries, and communities. Ii. To assist newcomers in their efforts to establish roots in neighborhoods across the cleveland msa and to connect students to area employers to prepare them for jobs in the region and instill in them a sense of pride and support for their educational institution. Iii. To work with all segments of the community to create a welcoming region that is a place of opportunity for all people and an employment culture based on merit and openness, regardless of age or longevity in cleveland. Iv. To create a best practice model for talent attraction for the state of ohio that can be replicated in other regions of the state.

Part III, Line 2

This message was echoed by entrepreneurs, business and community leaders including shannon lyons, director of launchhouse accelerator program, jack schron, jr. Cuyahoga county council representative and chief executive officer of jergens inc., les crume, director of sales for jobsohio, and baiju shah, global cleveland board chairman and the chief executive officer of biomotiv, llc, a healthcare start-up. 3)of the 137 event surveys completed by young professionals, 118 responded "yes" when asked, "are you open to moving to cleveland?" d.new talent-employer connections during the fiscal year, global cleveland focused its efforts on attracting and connecting high-skilled talent to fill open jobs for area employers, particularly positions in stem-related (i.e. Science, technology, engineering and mathematics) industry sectors, where northeast ohio businesses are faced with a shortage of skilled employees. Following this strategy: 1) over 1,300 job seekers connected to cleveland area jobs through global cleveland's online job fairs, resources, and events. 2) global cleveland's job fair for it professionals held during northeast ohio software association (neosa) tech week, attracted 315 jobseekers from 16 states and one foreign country. Twenty-two companies participated in this virtual job fair, posting a combined 77 positions. 3) global cleveland's virtual job fair, held in conjunction with the national launch of global cleveland's talent attraction initiative attracted 403 jobseekers, promoted 213 job openings at 26 area companies; global cleveland's outreach efforts drew a global talent pool that attracted 150 new applications per company. 4) "global cleveland talent connection", global cleveland's members-only linkedin group, which connects employers and jobseekers, added 637 new members and broadcasted, on average, 911 job postings per month. Ii. To assist newcomers in their efforts to establish roots in neighborhoods across the cleveland msa and to connect students to area employers to prepare them for jobs in the region and instill in them a sense of pride and support for their educational institution. During the fiscal year, global cleveland worked with area employers, educational institutions and community organizations to connect college and graduate students, particularly foreign-born students, to internships, co-ops, and fellowships and young professionals to jobs and business opportunities. Global cleveland's efforts to engage students and young professionals, and support the community's desire to retain young high-skilled talent in the region brought the following results: a. Student connections 1)890 students attended workshops, events, or programs hosted by global cleveland. 2)# choose cle, global cleveland's networking event for summer interns, connected 290 cleveland-area college and graduate-level summer interns affiliated with programs sponsored by summer on the cuyahoga, cleveland leadership center, (i) cleveland, hillel, the cleveland foundation fellowship program, and noche with representatives from 44 area companies. This event provided a fun, relaxing venue for students to explore future internships and/or employment possibilities and a "scouting" opportunity to help employers identify and recruit top talent. 3)170 international students at cleveland state university and 415 international students at case western reserve university attended global cleveland-sponsored networking and job search workshops held at their respective institutions. 4)66 employers... Engaged in programs related to international hiring and connecting talent to the region. 5)92 young professionals attended the 3rd annual home sweet cleveland networking reception hosted by global cleveland and cleveland leadership center designed to connect prospective "boomerangs," who were home for the holidays, with area business leaders who are interested in attracting top talent and will use their network to connect them to a job. B. Diversity trai

Part III, Line 2

Iii. To work with all segments of the community to create a welcoming region that is a place of opportunity for all people and an employment culture based on merit and openness, regardless of age or longevity in cleveland. During the fiscal year, global cleveland engaged over 455 business and community partners in initiatives designed to promote dialogue, community engagement, and equal opportunity for newcomers and residents of all backgrounds. These efforts included: a. Community conversations global cleveland, in partnership with the city of cleveland community relations board and city council, conducted nine community conversations designed to engage community leaders and residents in a dialogue about "how can cleveland be a more welcoming city?" a total of three hundred and fifty-eight cleveland residents participated in the community conversations, which included four meetings to engage area faith leaders and leadership from cleveland's african-american, asian, and hispanic communities and five neighborhood town hall meetings for residents within each of the city's five police districts. A final report was prepared for the global cleveland board of directors, and shared with the city of cleveland, which identified the central themes and offered recommendations to help strengthen the city's resident engagement and community welcoming efforts. B. Welcome hubs with a staff of nine professionals and three part-time consultants, the global cleveland welcome hub at 200 public square continued to provide welcoming services to walk-in traffic and newcomers while also serving as the hub for global cleveland's programming, operations, and training efforts. Global cleveland launched its first neighborhood-based welcome hub in the noble neighborhood library in cleveland heights through a pilot collaboration with the city of cleveland heights, the cleveland heights-university heights city school district, the heights libraries and us together. The welcome hub is located in close proximity to a large bhutanese immigrant population. Global cleveland-trained volunteers staff the welcome hub on tuesday evenings from 6:00 p.m. - 8:00 p.m. Since the hub's opening in september 2014, global cleveland volunteers have helped nineteen refugees and their families access a wide range of community resources, including job search, english language lessons and coaching services. Global cleveland is currently in discussions with the cuyahoga county library system and the cleveland public library about adding other neighborhood-based welcome hubs in communities where there are large concentrations of refugees and immigrants. Representatives from the metrohealth system, hispanic chamber of commerce and the hispanic alliance also met with global cleveland to discuss the feasibility of creating a welcome hub on the near west side to serve cleveland's large hispanic community. C. Global cleveland's welcoming programs global cleveland's welcoming program collaborated with a number of community-based organizations to establish effective strategies to engage and support cleveland's diverse populations, including its one hundred and seventeen ethnic communities. Three hundred and fifty-nine international newcomers were matched with volunteers to receive career and employment guidance, language practice, translations and assistance in navigating their new home. Through this initiative global cleveland partnered with: 1) the cleveland cultural gardens and the one world festival to support cleveland's one world day celebration; 2) cleveland's lgbt community to support the 2014 gay games; and 3) the refugee services collaborative to support refugee and immigrant - owned restaurants during welcoming week. D. African-american initiative the initiative was created to address issues related to attracting and retaining african-american talent. Its work has identified three main areas of concern: 1) increasing the number of african-americans serving on boards and commi

Part III, Line 2

Iv. To create a best practice model for talent attraction for the state of ohio that can be replicated in other regions of the state. Global cleveland continued to establish strategic partnerships, seek out best practices, and engage thought leaders in an effort to strengthen and, where necessary, realign global cleveland's programming in order to leverage opportunities and build on our successes. A. The center for population dynamics at cleveland state university the center for population dynamics at cleveland state university was created, in large part, by global cleveland board leadership to supply research and data to global cleveland and other civic and economic development organizations. Since its founding, in 2013, the work of the center's senior research associate and director, richey piiparinen, has had a profound impact on global cleveland, especially with regard to its ability to track the flow of population in and out of the region. In november 2014, piiparinen shared new research indicating the impact of cleveland's population loss is not all negative. New data shows that there has been a major shift in cleveland's demographics. Individuals with higher skills and higher salaries have moved to cleveland, replacing individuals with lower skills and lower salaries who are leaving the city. The net impact of this shift has increased cleveland's per capita income, which is boosting the city's economy. As new data becomes available, global cleveland's staff and board of directors have the opportunity to gain a greater understanding of the complexities of cleveland's population dynamics: 1) population attraction is a macro issue; 2) no one single entity, including global cleveland, can influence the decisions of large numbers of people to move to the city of cleveland; 3) there is a direct correlation between the level of educational attainment and economic prosperity; 4) populations grow when there are more births than deaths; or, when there is greater in-migration than out-migration; 4) cleveland does a better job of retaining talent than other cities but does not attract talent as well as others; and 5) in-migration + engagement = networks. Networks lead to increased population. Through global cleveland's strategic partnership with the center for population dynamics, the organization has access to current data and analysis, both of which are essential to understanding the real-time indicators that are driving population change. Global cleveland will continue to use this data to refine its strategies and programs to support economic growth. B. Ohio welcoming initiatives to share best practices related to immigrant integration, global cleveland coordinated a network of the welcoming initiatives in five other ohio cities: cincinnati, springfield, dayton, columbus and toledo. The "ohio welcoming initiatives" agenda includes sharing best practices on retention of international students, access to capital for immigrants and refugees, career licensing pathways and the president's executive action on immigration reform. C. Midwest metros collaboration - we global network global cleveland received funding from the we global network (formerly known as the global great lakes network) for its leadership to visit st. Louis to study how their regional economic, civic and philanthropic leaders approach issues related to talent attraction and immigration. D. Building a sustainable organization during the year, global cleveland's governance and administrative functions continued to evolve. 1) following baiju shah's three-year term, david fleshler, associate provost of international affairs at case western reserve university, assumed the position of chairman of the board of global cleveland. 2) to strengthen global cleveland's relationships with key strategic partners, the board approved the addition two new advisory board members, richey piiparinen, senior research associate and director of the center for population dynamics at clevel

Form 990, Part IX, Line 11G

Other: program service expenses 225,277. Management and general expenses 28,086. Fundraising expenses 9,356. Total expenses 262,719.

FORM 990, PART XII, LINE 2C:

There has been no changes from prior year.

Financial Statement Notes

PART X, LINE 2:

The organization was incorporated as a 501(c)3 in 2011 and is not subject to tax examinations for years before 2011 by taxing authorities in jurisdictions where the organization has filed returns. The organization evaluates at each balance sheet date uncertain tax positions taken, if any, to determine the need to record liabilities for taxes, penalties, and interest. The organization's policy is to record interest and penalties on uncertain tax provisions as income tax expense. As of december 31, 2014 and 2013, the organization had no accrued taxes, interest or penalties related to uncertain tax positions. The organization estimates the unrecognized tax benefit will not change significantly within the next twelve months.

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IRS990/Desc0DURING FY2014 GLOBAL CLEVELAND REFINED ITS PROGRAM FOCUS -- ATTRACTING NEWCOMERS TO GREATER CLEVELAND BECAME THE ORGANIZATION'S TOP PRIORITY. THE CENTRAL COMPONENT OF THE ORGANIZATION'S TALENT ATTRACTION STRATEGY IS THE GLOBAL CLEVELAND'S NEW WEBSITE. LAUNCHED IN JANUARY 2014, THIS DYNAMIC, NEW, MULTI-LINGUAL PORTAL IS DESIGNED TO REACH A GLOBAL TALENT POOL AND CONNECT THEM TO GREATER CLEVELAND'S JOB AND SOCIAL OPPORTUNITIES. THIS WEBSITE HAS BECOME A VALUABLE TALENT RECRUITMENT TOOL THAT ENABLES AREA EMPLOYERS TO EXPAND THEIR MARKETING EFFORTS TO APPEAL TO TOP TALENT. IT ALSO HAS BECOME AN IMPORTANT COMMUNITY RESOURCE, SERVING AS A "ONE STOP SHOP" TO ATTRACT, WELCOME, AND CONNECT NEWCOMERS TO THE PEOPLE, PLACES, AND SERVICES THEY CARE ABOUT MOST.GLOBAL CLEVELAND ALSO EXPANDED ITS WELCOMING INITIATIVE BY PARTNERING WITH CLEVELAND CITY COUNCIL AND THE DEPARTMENT OF COMMUNITY RELATIONS FOR CITY OF CLEVELAND TO CONDUCT A SERIES OF COMMUNITY CONVERSATIONS FOR RESIDENTS OF THE CITY. THESE CONVERSATIONS PROVIDED THE OPPORTUNITY TO DISCUSS WAYS IN WHICH CLEVELANDERS COULD WORK TOGETHER TO CREATE A MORE WELCOMING, INCLUSIVE COMMUNITY. SINCE ITS INCEPTION, GLOBAL CLEVELAND HAS TRIED TO REVERSE THE DEVASTATING ECONOMIC IMPACT OF SIXTY YEARS OF JOB LOSS AND POPULATION DECLINE IN THE CITY OF CLEVELAND AND NORTHEAST OHIO. FACING A BLEAK ECONOMY AND EVEN MORE JOB LOSSES, IN 2011, CLEVELAND'S CORPORATE, CIVIC AND COMMUNITY LEADERS TOOK AGGRESSIVE ACTION AND CREATED GLOBAL CLEVELAND - A NEW ECONOMIC DEVELOPMENT ORGANIZATION FOR THE IMPLEMENTATION OF INNOVATIVE STRATEGIES DESIGNED TO INCREASE POPULATION, STIMULATE ECONOMIC GROWTH AND GENERATE PROSPERITY FOR THE ENTIRE REGION. RICHEY PIIPARINEN IS THE SENIOR RESEARCH ASSOCIATE AND DIRECTOR AT THE CENTER FOR POPULATION DYNAMICS AT CLEVELAND STATE UNIVERSITY'S MAXINE GOODMAN LEVIN COLLEGE OF URBAN AFFAIRS. HIS RESEARCH HAS HELPED GLOBAL CLEVELAND UNDERSTAND THE COMPLEXITIES OF THE ISSUE. POPULATIONS GROW FOR TWO REASONS: 1) THERE ARE MORE BIRTHS THAN DEATHS TAKING PLACE; AND2) THERE IS GREATER IN-MIGRATION THAN OUT-MIGRATION, IN OTHER WORDS MORE PEOPLE ARE MOVING INTO THAN LEAVING A GIVEN CITY OR REGION.IN 2014 THE BOARD WORKED WITH PIIPARINEN ON A STRATEGIC PLANNING PROCESS TO DETERMINE HOW GLOBAL CLEVELAND COULD BEST IMPACT POPULATION FLOW AND ECONOMIC GROWTH IN THE REGION. THIS EXERCISE PRODUCED A STRATEGIC PLAN THAT NOT ONLY ALIGNS WITH CURRENT RESEARCH BUT ALSO INCORPORATES ECONOMIC, WORKFORCE AND POPULATION GROWTH STRATEGIES THAT WILL REINFORCE POSITIVE DEMOGRAPHIC TRENDS.AT GLOBAL CLEVELAND'S NOVEMBER 20, 2014, BOARD MEETING, PIIPARINEN CITED NEW RESEARCH THAT CHALLENGED GLOBAL CLEVELAND'S BOARD AND STAFF TO REEXAMINE THEIR UNDERSTANDING OF THE CORRELATION BETWEEN POPULATION AND ECONOMIC GROWTH. PIIPARINEN'S DATA SHOWS A MAJOR SHIFT IN CLEVELAND'S DEMOGRAPHICS. CLEVELAND'S ECONOMY IS GROWING, IN SPITE OF ITS POPULATION DECLINE. INDIVIDUALS WITH HIGHER SKILLS AND HIGHER SALARIES ARE MOVING INTO CLEVELAND, REPLACING INDIVIDUALS WITH LOWER SKILLS AND LOWER SALARIES WHO ARE LEAVING THE CITY. THIS POPULATION SHIFT HAS INCREASED CLEVELAND'S PER CAPITA INCOME. THE POSITIVE NET RESULT HAS BOOSTED THE CITY'S ECONOMY AND CONTRIBUTED TO AN IMPROVED PUBLIC PERCEPTION OF THE CITY BY ITS RESIDENTS. INASMUCH AS GLOBAL CLEVELAND WOULD LIKE TO TAKE CREDIT FOR THIS TREND, NO SINGLE ENTITY CAN LAY CLAIM TO THIS RECENT POPULATION SHIFT OR THE RESULTING POSITIVE EFFECT ON CLEVELAND'S ECONOMY. IN HIS THOUGHT-PROVOKING BOOK, THE TIPPING POINT: HOW LITTLE THINGS CAN MAKE A BIG DIFFERENCE, MALCOLM GLADWELL DEFINES A TIPPING POINT AS "THE MOMENT OF CRITICAL MASS, THE THRESHOLD, THE BOILING POINT." GLADWELL'S DEFINITION PROVIDES A MEANINGFUL CONTEXT FOR UNDERSTANDING GLOBAL CLEVELAND'S WORK IN RELATIONSHIP TO POPULATION DYNAMICS AND ECONOMIC GROWTH. FOR CLEVELAND TO REACH WHAT GLADWELL CALLS, "THE MOMENT OF CRITICAL MASS," ITS CIVIC LEADERS AND STAKEHOLDERS MUST FIRST EMBRACE THE REALITIES ABOUT THE CURRENT DEMOGRAP
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IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0196395
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0306942
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0324462
IRS990/LandBldgEquipCostOrOtherBssAmt0520857
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0GLOBAL CLEVELAND IS AN ORGANIZATION FOCUSED ON REGIONAL ECONOMIC DEVELOPMENT THROUGH ACTIVELY ATTRACTING NEWCOMERS, AND WELCOMING AND CONNECTING THEM BOTH ECONOMICALLY AND SOCIALLY TO THE MANY OPPORTUNITIES THROUGHOUT GREATER CLEVELAND.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0202623
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0120143
IRS990/NetAssetsOrFundBalancesBOYAmt01200035
IRS990/NetAssetsOrFundBalancesEOYAmt01178096
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/FundraisingAmt01667
IRS990/OccupancyGrp/ManagementAndGeneralAmt04584
IRS990/OccupancyGrp/ProgramServicesAmt035419
IRS990/OccupancyGrp/TotalAmt041670
IRS990/OfficeExpensesGrp/FundraisingAmt05153
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015297
IRS990/OfficeExpensesGrp/ProgramServicesAmt035017
IRS990/OfficeExpensesGrp/TotalAmt055467
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt019470
IRS990/OtherAssetsTotalGrp/EOYAmt013294

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.23$0.12$1.12$1.23$1.43$0.20
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.43$0.15$1.28$1.67$1.49$0.18
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.18$0.10$1.09$1.40$1.49$0.09
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.24$0.06$1.18$1.90$1.27$0.62
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.64$0.09$0.55$1.03$0.85$0.18
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.47$0.11$0.37$1.11$0.89$0.22
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.21$0.07$0.14$0.86$0.86$0.00
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.43$0.30$0.13$0.92$0.98$0.06
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.28$0.23$0.05$0.32$0.76$0.45
2015Detailed filing. Detailed filing data is available for this year.$0.64$0.20$0.43$0.35$1.10$0.74
2014Detailed filing. Detailed filing data is available for this year.$1.35$0.17$1.18$1.19$1.21$0.02
2013Detailed filing. Detailed filing data is available for this year.$1.44$0.24$1.20$1.01$0.82$0.19
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.43$0.38$1.05$0.85