CUYAHOGA COUNTY CONVENTION FACILITIES DEVELOPMENT CORPORATION

EIN: 464386832 Arts, Culture & Humanities

CLEVELAND, OH

Total Revenue
$58,300,902
Total Expenses
$57,860,263
Total Assets
$22,575,290
Net Assets
$17,499,680
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2013
Legal Domicile
OH
Phone
2165880930
Tax Period
2023-01-01 to 2023-12-31

CUYAHOGA COUNTY CONVENTION FACILITIES DEVELOPMENT CORPORATION, founded in 2013, is a mid-sized nonprofit in the Arts, Culture & Humanities sector that reported $58.3M in total revenue in fiscal year 2023.

Mission

THE ORGANIZATION IS OPERATED FOR THE PURPOSES OF PROMOTING THE COMMON GOOD AND GENERAL WELFARE OF THE RESIDENTS OF CUYAHOGA COUNTY, OHIO BY ENGAGING IN ACTIVITIES TO PROMOTE THE REVITALIZATION OF GREATER CLEVELAND AND CUYAHOGA COUNTY, TO ENHANCE THE CREATION OF NEW EMPLOYMENT OPPORTUNITIES IN GREATER CLEVELAND AND CUYAHOGA COUNTY, TO SUPPORT THE ECONOMIC GROWTH OF CLEVELAND, OHIO AND CUYAHOGA COUNTY, AND TO LESSEN THE BURDENS OF GOVERNMENT BY CONDUCTING ACTIVITIES FOR AND ON BEHALF OF CUYAHOGA COUNTY, OHIO.THE ORGANIZATION OPERATES AND MANAGES THE CLEVELAND CONVENTION CENTER FOR AND ON BEHALF OF CUYAHOGA COUNTY, OHIO. THE ORGANIZATION RECEIVES RENTS AND CERTAIN OTHER PAYMENTS FROM CUYAHOGA COUNTY, OHIO IN CONNECTION WITH ITS OPERATION AND MAINTENANCE OF THE CLEVELAND CONVENTION CENTER PURSUANT TO CERTAIN AGREEMENTS WITH CUYAHOGA COUNTY, OHIO.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $58,055,582
Investment Income $245,320
Other Revenue $0
TOTAL REVENUE $58,300,902

Expense Breakdown

Grants Paid $0
Salaries & Benefits $298,148
Fundraising Expenses $0
Program Expenses $56,906,991
Other Expenses $57,562,115
TOTAL EXPENSES $57,860,263

Year-over-Year Comparison

2023 2022 Change
Revenue $58,300,902 $59,055,405 0.0%
Expenses $57,860,263 $64,879,614 -0.1%
Net Income $440,639 $-5,824,209 -1.1%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
2
Volunteers
N/A

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$191,086
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
TREVOR MCALEER TREASURER 5.00
Director
$0 $0 $0
DAVID GILBERT DIRECTOR 5.00
Director
$0 $0 $0
MAJEED MAKHLOUF VICE PRESIDENT 5.00
Officer Director
$0 $0 $0
TIMOTHY OFFTERMATT SECRETARY 5.00
Director
$0 $0 $0
BRADLEY SELLERS PRESIDENT 5.00
Officer Director
$0 $0 $0
MICHAEL OBI DIRECTOR 5.00
Director
$0 $0 $0
ROSHANDA SMITH DIRECTOR 5.00
Director
$0 $0 $0
JEFFREY EPSTEIN DIRECTOR 5.00
Director
$0 $0 $0
DEBBIE BERRY DIRECTOR 5.00
Director
$0 $0 $0
GEORGE HILLOW EXECUTIVE DIRECTOR 40.00
Officer
$155,360 $35,726 $191,086
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $58,300,902 $57,860,263 $22,575,290 $440,639
2022 $59,055,405 $64,879,614 $22,123,608 $-5,824,209
2021 $49,456,687 $48,655,983 $27,851,572 $800,704
2020 $47,771,526 $46,304,312 $26,944,227 $1,467,214
2019 $65,412,727 $62,728,206 $25,986,420 $2,684,521
2018 $61,880,216 $58,764,224 $24,061,232 $3,115,992
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