EIN 34-1719633

Community Improvement Corporation of Cuyahoga Falls

IRS 501(c) type
501(c)(4)
Num. employees
0
State
Year formed
1970
Most recent tax filings
2022-12-01
Description
Community Improvement Corporation of Cuyahoga Falls was formed in July 1970 with a purpose to advance, encourage and promote industrial, economic, commercial and civic development in the City of Cuyahoga Falls. They maintain parcel number 35-01540, 333 Pleasant Meadow Boulevard, formerly known as mud run gun club for revitalization and economic development. Downtown events are organized throughout the year for economic development and community celebration.
Total revenues
$2,062,563
2022
Total expenses
$66,760
2022
Total assets
$2,066,815
2022
Num. employees
0
2022

Program areas at Community Improvement Corporation of Cuyahoga Falls

The organization maintains certain land known as parcel number 35-01540, 333 pleasant meadow boulevard (formerly the mud run gun club), which was previously donated by the city of Cuyahoga Falls for the purpose of revitalization and economic development. The organization applied for and received a brownfield remediation grant, administered by the state of Ohio, department of development in 2022. The cic entered into a professional service agreement with patriot engineering and environmental, inc. for the environmental remediation and project management for this project. Remediation is slated to commence in spring of 2023 and be complete by december 31, 2023. The total cost of the project is estimated to be 1,392,732.00. The brownfield remediation grant is for 1,044,549.00 and the 25% required funding match has been provided by the city of Cuyahoga Falls. There was no revenue or expenditure for this project/grant in 2022. All revenues and expenditures will be receipted in 2023.
Downtown events are organized throughout the year for the purpose of economic development of the downtown area and to provide the residents of Cuyahoga Falls and surround communities an opportunity to come together and celebrate their Community through music, cultural festivals, and similar events.

Who funds Community Improvement Corporation of Cuyahoga Falls

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Cuyahoga Falls Partnership for ParksDowntown Events$22,736

Personnel at Community Improvement Corporation of Cuyahoga Falls

NameTitleCompensation
Diana ColavecchioVice President$0
Don WaltersPresident$0
Lori JonesSecretary$0
Mary SpaugyTreasurer$0
Sara Leedham ResignedPast Treasurer$0
...and 6 more key personnel

Financials for Community Improvement Corporation of Cuyahoga Falls

RevenuesFYE 12/2022
Total grants, contributions, etc.$2,053,250
Program services$2,150
Investment income and dividends$3,217
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$3,946
Total revenues$2,062,563

Form 990s for Community Improvement Corporation of Cuyahoga Falls

Fiscal year endingDate received by IRSFormPDF link
2022-122023-09-26990View PDF
2021-122022-10-20990View PDF
2020-122021-11-09990View PDF
2019-122021-06-08990View PDF
2018-122019-12-11990View PDF
...and 8 more Form 990s

Organizations like Community Improvement Corporation of Cuyahoga Falls

OrganizationLocationRevenue
Riverside Development CorporationHolyoke, MA$934,368
Greater Berks Development FundReading, PA$4,581,165
Mid-Willamette Valley Intermodal CenterAlbany, OR$1,835,320
Perry County Development CorpTell City, IN$680,411
Greenville Local Development CorporationGreenville, SC$3,040,133
Poplar Bluff IndustriesPoplar Bluff, MO$1,047,361
City of Spartanburg Development CorporationSpartanburg, SC$700,863
Clinton Regional Development CorporationClinton, IA$529,491
Greater Wilkes-Barre Industrial FundWilkesbarre, PA$2,473,653
Livingston County Development CorporationGeneseo, NY$784,839
Data update history
November 30, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 30, 2023
Posted financials
Added Form 990 for fiscal year 2021
June 28, 2023
Posted financials
Added Form 990 for fiscal year 2020
June 4, 2023
Updated personnel
Identified 2 new personnel
August 3, 2022
Received grants
Identified 1 new grant, including a grant for $22,736 from Cuyahoga Falls Partnership for Parks
Nonprofit Types
Public sector nonprofitsBusiness and community development organizations
Issues
Community improvementEconomic development
Characteristics
Partially liquidatedState / local levelReceives government fundingNo full-time employees
General information
Address
2310 2nd St
Cuyahoga Falls, OH 44221
Metro area
Akron, OH
County
Summit County, OH
Phone
(330) 971-8137
IRS details
EIN
34-1719633
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1970
Eligible to receive tax-deductible contributions (Pub 78)
No
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Independent
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