Columbus Downtown Development Corporation

“The board has members who control or are employed by area financial institutions, law firms, consulting firms and various other business enterprises. Throughout the year, various officers, directors, trustees and key employees have business relations with these organizations in the normal course of their business and personal lives.”

“Cddc has contracted with nai ohio equities llc realtors for this company to manage properties owned by cddc. Further, through its related entity, capitol south, the organization contracts with resourcing edge, to perform workforce management services, including payroll services, administration of benefit and workers' compensation plans, and management of human resource processes. Finally, cddc hires general contractors to manage the day-to-day work on its construction projects, such as the cosi/amnh and veteran's memorial projects.”

“The form 990 is reviewed and approved by the cfo and president & ceo prior to its filing. For 2018, to facilitate the timely filing of the form 990, the return was not reviewed by the full board prior to its filing with the irs. However, the board did have the opportunity to review and discuss the form 990 at the board meeting following the return's filing.”

“The conflict of interest forms are distributed annually by the executive assistant to employees, management and board members for completion and signature. The executive assistant and the general counsel ensure all forms are returned and any potential conflicts are addressed.”

“The board determines the compensation of the organization's ceo. The board considers goals, accomplishments, compensation level of other local non-profit ceo's, and compensation history. Regarding the compensation of the key/highly compensated employees, the organization's ceo and president conducts a process similar to the one done by the board for him. The results are documented and recorded in the personnel files.”

“The organization's forms 1023 and 990 are available for public inspection upon request. Further, the organization's form 990 is available for public inspection through another's website, www.guidestar.org.”

“The organization's governing documents, conflict of interest policy and financial statements are available to the public upon request.”

“Cddc continues with the implementation of the strategic business plan developed with community input and promulgated by the mayor and city council. These efforts include the renovation of a former downtown department store into premier office and retail space, development of downtown parks through the oversight of the scioto mile park and the scioto greenways project, the construction of a new national veterans memorial and museum and the development of the downtown scioto peninsula.”

“National veterans memorial and museum - the construction of the museum was completed in mid-2018. Following its grand opening in october 2018, the organization began operating the museum as a new source of program revenue.”

“The organization contracts its payroll services. Please reference the part vi, section a, line 3, schedule o explanation for further information.”

“Audit fees: program service expenses 30,897. Management and general expenses 13,671. Fundraising expenses 0. Total expenses 44,568. Project consulting: program service expenses 1,346,572. Management and general expenses 0. Fundraising expenses 72,211. Total expenses 1,418,783. Sequent fees: program service expenses 12,157. Management and general expenses 1,481. Fundraising expenses 0. Total expenses 13,638. Consulting/temp: program service expenses 23,008. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,008.”

“Unrealized loss on beneficial interest in assets held by others -517,318.”

“Which oversees the audit process, ultimately approving the audited financial statements and presenting them to the board. This committee also coordinates the process for the selection of the independent accountant. This process remains unchanged from the prior year.”