Civic Intelligence

Greater Cleveland Media Development Corporation

990 • Fiscal year 2016 • EIN 34-1884733

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 17, 2017

1333 Lakeside Avenue ECleveland, OH 44114

(216) 623-3910

Siviq Scores

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

Liabilities / Assets

92nd percentile

1.02x

Higher debt load relative to assets than 92% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Liabilities / Revenue

68th percentile

0.28x

Higher debt load relative to revenue than 68% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Net Margin

20th percentile

-13%

Higher net margin than 20% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Top Officer Pay

92nd percentile

$246,477

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 27.8% of source-year revenue.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2016

Asset Growth

66th percentile

6.5%

Faster asset growth than 66% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Revenue Growth

66th percentile

10%

Faster revenue growth than 66% of similar nonprofits.

2016 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2015 to 2016

Assets

Up

$239,489

Up $14,562 (+6.5%) from 2015

Net Assets

Down

-$5,218

Down $114,689 (-105%) from 2015

Liabilities

Up

$244,707

Up $129,251 (+112%) from 2015

Revenue

Up

$885,320

Up $82,366 (+10%) from 2015

Expenses

Up

$1,000,009

Up $151,887 (+18%) from 2015

Net Income

Down

-$114,689

Down $69,521 (-154%) from 2015

Historical Trend

Balance Sheet Trend

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

$1.5M$1.0M$500K$0-$500KAssets 2010: $203,182Liabilities 2010: $99,843Net Assets 2010: $103,3392010Assets 2011: $196,736Liabilities 2011: $153,467Net Assets 2011: $43,2692011Assets 2012: $218,751Liabilities 2012: $177,040Net Assets 2012: $41,7112012Assets 2013: $366,102Liabilities 2013: $168,142Net Assets 2013: $197,9602013Assets 2014: $303,231Liabilities 2014: $148,592Net Assets 2014: $154,6392014Assets 2015: $224,927Liabilities 2015: $115,456Net Assets 2015: $109,4712015Assets 2016: $239,489Liabilities 2016: $244,707Net Assets 2016: -$5,2182016Assets 2017: $73,806Liabilities 2017: $221,369Net Assets 2017: -$147,5632017Assets 2018: $270,047Liabilities 2018: $188,593Net Assets 2018: $81,4542018Assets 2019: $174,443Liabilities 2019: $97,373Net Assets 2019: $77,0702019Assets 2020: $309,164Liabilities 2020: $175,429Net Assets 2020: $133,7352020Assets 2021: $519,604Liabilities 2021: $165,926Net Assets 2021: $353,6782021Assets 2022: $1,083,741Liabilities 2022: $685,773Net Assets 2022: $397,9682022Assets 2023: $715,453Liabilities 2023: $664,801Net Assets 2023: $50,6522023Assets 2024: $892,041Liabilities 2024: $655,558Net Assets 2024: $236,4832024

Highlighted filing

2016

Assets$239,489
Liabilities$244,707
Net Assets-$5,218

Operations Trend

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

$1.5M$1.0M$500K$0-$500KExpenses 2010: $498,7912010Expenses 2011: $617,5582011Expenses 2012: $572,2222012Revenue 2013: $867,028Expenses 2013: $710,777Net Income 2013: $156,2512013Revenue 2014: $617,420Expenses 2014: $660,741Net Income 2014: -$43,3212014Revenue 2015: $802,954Expenses 2015: $848,122Net Income 2015: -$45,1682015Revenue 2016: $885,320Expenses 2016: $1,000,009Net Income 2016: -$114,6892016Revenue 2017: $753,961Expenses 2017: $896,306Net Income 2017: -$142,3452017Revenue 2018: $1,046,218Expenses 2018: $817,201Net Income 2018: $229,0172018Revenue 2019: $762,379Expenses 2019: $766,763Net Income 2019: -$4,3842019Revenue 2020: $742,990Expenses 2020: $686,325Net Income 2020: $56,6652020Revenue 2021: $741,943Expenses 2021: $522,000Net Income 2021: $219,9432021Revenue 2022: $889,604Expenses 2022: $845,314Net Income 2022: $44,2902022Revenue 2023: $662,379Expenses 2023: $1,009,695Net Income 2023: -$347,3162023Revenue 2024: $1,145,507Expenses 2024: $959,676Net Income 2024: $185,8312024

Highlighted filing

2016

Revenue$885,320
Expenses$1,000,009
Net Income-$114,689
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 17, 2017
Return Version
2016v3.1
Gross Receipts
$1,046,022
Mission and Program Overview

Mission

To promote the increase of media production in northeast ohio using effective strategies for attraction and workforce development including building an artistic infrastructure through film, achieve increased economic development in northeast ohio by using the artistic and culturally enriching activities of film and other media production to strengthen the workforce, support the media production industry and attract media production to the region.

Promote the increase of media and film production in northeast ohio

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$128,968$168,086▲ $39,118
Pledges and Grants Receivable$27,280$30,220▲ $2,940
Prepaid Expenses and Deferred Charges$18,321$13,063▼ $5,258
Land, Buildings, and Equipment, Net$4,525$5,205▲ $680
Savings and Temporary Cash Investments$0$0→ $0
Accounts Receivable$0$0→ $0
Other Notes and Loans Receivable, Net$0$0→ $0
Receivable From Disqualified Prsn$0$0→ $0
Receivables From Officers Etc$0$0→ $0
Investments Other Securities$0$0→ $0
Investments Program Related$0$0→ $0
Investments in Publicly Traded Securities$0$0→ $0
Intangible Assets$0$0→ $0
Inventories for Sale or Use$0$0→ $0
Loans From Officers Directors$0$0→ $0
Total Assets$224,927$239,489▲ $14,562
Other Assets Total$45,833$22,915▼ $22,918
Liabilities
Accounts Payable and Accrued Expenses$90,785$151,536▲ $60,751
Mortgage Notes Payable Secured by Investment Property$24,671$93,171▲ $68,500
Grants Payable$0$0→ $0
Unsecured Notes Loans Payable$0$0→ $0
Other Liabilities$0$0→ $0
Deferred Revenue$0$0→ $0
Escrow Account Liability$0$0→ $0
Tax Exempt Bond Liabilities$0$0→ $0
Total Liabilities$115,456$244,707▲ $129,251
Net Assets / Fund Balance
Permanently Rstr Net Assets$0$0→ $0
Temporarily Rstr Net Assets$0$0→ $0
Unrestricted Net Assets$109,471$-5,218▼ $114,689
Total Net Assets Fund Balance$109,471$-5,218▼ $114,689
Total Liabilities and Net Assets / Fund Balance$224,927$239,489▲ $14,562

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$5,205$2,270$7,475
Other Assets Org$22,915--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Ivan SchwarzPresidentFT$175,000$71,477$246,477

Board Members and Trustees

NameTitle
Robert F FallsChair-elect,board of Directors
Robert BryanInterim Chair, Director
Brent BuckleyVice-chair, Board of Directors
Annette ZappalaDirector
Carl GrassiDirector
David GilbertDirector
Frederick DisantoDirector
Heath MonesmithDirector
James DonchessDirector
Jennifer DeutschDirector
Kristen MorrisDirector
Lisa Mullin FedericoDirector
Matthew RevilleDirector
Richard ClarkDirector
Sara LaskeyDirector
Sarah MelamedDirector
Shannon BlackwellDirector
Sheila WrightDirector
Sid GoodDirector
Steve FeldmanDirector
Terrence P FergusDirector
Terry StewartDirector
Thomas WarrenDirector
Tim BirchDirector
Tracy AndersonDirector
Vipin GuptaDirector
Dennis RocheSecretary, Board of Directors
Revenue and Support

Revenue Composition

Contributions and Grants
$908,236
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$-22,916
All Other Contributions
$267,566
Change in Net Assets
$-114,689

Audited Revenue Reconciliation

Revenue per Audited Statements
$885,320
Revenue Not Reported on Form 990
$50,245
Total Revenue per Audited Statements
$935,565
Total Revenue per Form 990
$885,320
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$640,915
Other Expenses$359,094
Total Fundraising Expense$47,234
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$280,051$15,559$15,558$311,168
Current Officers, Directors, Trustees, and Key Employees$221,829$12,324$12,324$246,477
Occupancy$47,719$2,651$2,651$53,021
Travel$46,751$2,597$2,597$51,945
Other Employee Benefits$43,554$2,420$2,419$48,393
Advertising$39,597$2,200$2,200$43,997
Payroll Taxes$31,389$1,744$1,744$34,877
Fees for Services Lobbying$30,000--$30,000
Depreciation Depletion$22,298$1,239$1,239$24,776
All Other Expenses$14,647$814$814$16,275
Office Expenses$14,215$790$790$15,795
Fees for Services Accounting-$15,480-$15,480
Fees for Services Other$9,840--$9,840
Conferences and Meetings$8,763$487$487$9,737
Other Expenses$8,112$451$451$9,014
Interest$781$43$43$867
Total Functional Expenses$890,059$62,716$47,234$1,000,009

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$1,050,254
Expenses per Audited Statements$1,000,009
Total Expenses per Form 990$1,000,009
Expenses Not Reported on Form 990$50,245
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$160,702
Fundraising Gross Income$137,786
Gaming Direct Expenses$0
Gaming Gross Income$0
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Behind the Cam$354,131$123,461$66,145$57,316
Ent Law Forum$5,575$5,575$816$4,759
Total Events$359,706$129,036$136,580$-7,544
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Receivables from Disqualified Persons$0$0→ $0
Receivables from Officers, Directors, Trustees, and Key Employees$0$0→ $0
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
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 8B:

This question is not applicable to the organization. There are no committees that are authorized to act on behalf of the governing body. Minutes are taken at every board meeting.

FORM 990, PART VI, SECTION B, LINE 11:

The 990 is made available to board representatives for review prior to filing.

FORM 990, PART VI, SECTION B, LINE 12C:

The current conflict of interest policy was adopted by the board on february 18, 2010. The organization requires each board member and employee to review the conflict of interest policy and complete the disclosure statement annually (at the annual meeting). The board chair collects the statements from the board members and the executive director collects them from the employees. The board chair reviews them and shares them with the executive committee. Potential board members are asked to review the policy as part of the vetting process. Further details are outlined in the policy statement.

FORM 990, PART VI, SECTION B, LINE 15:

The board reviews and approves the compensation package for the executive director.

FORM 990, PART VI, SECTION C, LINE 19:

The form 990 is available to the public through guidestar and upon written request.

Filing and Contact Details

Filer

Filer Name
Greater Cleveland Media Development
EIN
34-1884733
In Care Of
% LESLIE GRAF
Phone
2166233910
Address
1333 LAKESIDE AVENUE E, CLEVELAND, OH 44114
Doing Business As
Greater Cleveland Film Commission

Signing Officer

Name
Ivan Schwarz
Title
CEO
Phone
2168756602
Signed
2017-10-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ivan Schwarz
Formed
1998
Legal Domicile
Oh
Voting Board Members
27
Independent Board Members
27
Employees
12
Volunteers
65

Preparer

Firm
Bdo USA Llp
Address
32125 SOLON ROAD, SOLON, OH 44139
Preparer
Melanie Wernert
Phone
4402488787
Supplemental Narrative

Additional Explanations

FORM 990, PART III, LINE 1:

Promote the increase of media production in northeast ohio using effective strategies for attraction and workforce development including building an artistic infrastructure through film, achieve increased economic development in northeast ohio by using the artistic and culturally enriching activities of film and other media production to strengthen the workforce, support the media production industry and attract media production to the region.

FORM 990, PART III, LINE 4A:

The Greater Cleveland Media Development Corporation dba Greater Cleveland Film Commission (the Organization) was organized on January 1, 1998 in Ohio as a not-for-profit organization to promote increased media production in Northeast Ohio using effective strategies for attraction and workforce development including building an artistic infrastructure through film. The Center for Economic Development at Maxine Goodman Levin College of Urban Affairs at Cleveland State University was commissioned by Greater Cleveland Film Commission to update the 2015 report on the economic impact of the media production industry in Ohio. The 2016 study highlights that since passage of the Ohio Motion Picture Tax Credit in 2009: - Ohio productions have generated more than $400 million of economic impact in the state. - The media production industry has created more than 1,729 full-time equivalent jobs in Ohio. - A return on investment of $2.01; meaning that for every dollar spent by Ohio on the Tax Credit, $2.01 goes back into Ohios economy. The Greater Cleveland Film Commission took the next steps in cementing Ohio as a top production destination by: - Doubling the states annual cap from $20 million to $40 million. - Removing the per-project cap altogether. - Allowing 30% refundable tax credit, above and below the line. - Allowing 35% rebate for in-state labor that completed a film program within Ohio. As a result of the Greater Cleveland Film Commissions advocacy efforts, Ohio legislators have committed $7.5 million dollars to Cleveland State University to establish Ohios first standalone film school, which will be purpose built (both in architecture and curriculum) to prepare a workforce that is ready to contribute at a high level in the media industry.

Financial Statement Notes

PART X, LINE 2:

The internal revenue service has ruled that the organization qualifies under section 501(c)(3) of the internal revenue code and is, therefore, not subject to tax under present federal income tax laws. The organization follows generally accepted accounting principles (gaap) for accounting for uncertainty in income taxes. The organization's income tax filings are subject to audit by various taxing authorities. In evaluating the organization's activity, management believes its position of tax-exempt status is appropriate based on current facts and circumstances, and there have been no uncertain positions taken related to recording income taxes. Management has accessed that there are no activities unrelatd to the purpose of the organization for the years ended december 31, 2016 and 2015, and therefore no tax should be recognized. It is the policy of the organization to include in management and administrative expenses penalties and interest assessed by income taxing authorities. There are no penalties or interest from taxing authorities included in management and administrative expenses for he years ended december 31, 2016 and 2015.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0INTERIM CHAIR, DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIR-ELECT,BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE-CHAIR, BOARD OF DIRECTORS
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt16DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt22DIRECTOR
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IRS990/Form990PartVIISectionAGrp/TitleTxt24DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt25DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt26DIRECTOR
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Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.89$0.66$0.24$1.15$0.96$0.19
2023Detailed filing. Detailed filing data is available for this year.$0.72$0.66$0.05$0.66$1.01$0.35
2022Detailed filing. Detailed filing data is available for this year.$1.08$0.69$0.40$0.89$0.85$0.04
2021Detailed filing. Detailed filing data is available for this year.$0.52$0.17$0.35$0.74$0.52$0.22
2020Detailed filing. Detailed filing data is available for this year.$0.31$0.18$0.13$0.74$0.69$0.06
2019Detailed filing. Detailed filing data is available for this year.$0.17$0.10$0.08$0.76$0.77$0.00
2018Detailed filing. Detailed filing data is available for this year.$0.27$0.19$0.08$1.05$0.82$0.23
2017Detailed filing. Detailed filing data is available for this year.$0.07$0.22$0.15$0.75$0.90$0.14
2016Detailed filing. Detailed filing data is available for this year.$0.24$0.24$0.01$0.89$1.00$0.11
2015Detailed filing. Detailed filing data is available for this year.$0.22$0.12$0.11$0.80$0.85$0.05
2014Detailed filing. Detailed filing data is available for this year.$0.30$0.15$0.15$0.62$0.66$0.04
2013Detailed filing. Detailed filing data is available for this year.$0.37$0.17$0.20$0.87$0.71$0.16
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.22$0.18$0.04$0.57
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.15$0.04$0.62
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.20$0.10$0.10$0.50