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TIN:
SCHEDULE O
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
(Form 990 or 990-EZ)
Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ
Complete to provide information for responses to specific questions on
Form 990 or 990-EZ or to provide any additional information.
Attach to Form 990 or 990-EZ.
Information about Schedule O (Form 990 or 990-EZ) and its instructions is atwww.irs.gov/form990.
OMB No. 1545-0047
2015
Open to Public
Inspection
Inspection
Name of the organization
Cuyahoga County Convention
Facilities Development Corporation
Facilities Development Corporation
Employer identification number
46-4386832
46-4386832
| Return Reference | Explanation |
|---|---|
| Form 990, Part IV - Line 34 | THE TAXPAYER IS NOT RELATED TO ANY OTHER ORGANIZATION. FOR PURPOSES OF DETERMINING RELATED ORGANIZATIONS: CONTROL OF A NONPROFIT ORGANIZATION EXISTS IF ONE ORGANIZATION HAS THE POWER TO REMOVE AND REPLACE A MAJORITY OF THE NONPROFIT ORGANIZATION'S DIRECTORS OR TRUSTEES. IN ACCORDANCE WITH ARTICLE II OF THE TAXPAYER'S CODE OF REGULATIONS, A REPRESENTATIVE OF CUYAHOGA COUNTY APPOINTS A MAJORITY OF ALL DIRECTORS BUT THEY DO NOT HAVE THE POWER TO REMOVE AND REPLACE THE DIRECTORS. THEREFORE, THE RELATIONSHIP BETWEEN THE ORGANIZATION AND CUYAHOGA COUNTY DID NOT INCLUDE CONTROL AS DEFINED IN IRS INSTRUCTIONS TO FORM 990. |
| Form 990, Part VI, Section A, line 3 | THE ORGANIZATION HAS ENGAGED SMG FOR DAILY MANAGEMENT OF THE CONVENTION CENTER. SMG IS A WORLDWIDE VENUE MANAGEMENT COMPANY THAT IS UNRELATED TO THE ORGANIZATION OR ANY CURRENT OR FORMER DIRECTOR, OFFICER OR EMPLOYEE. SMG RECEIVES A MANAGEMENT FEE FOR THEIR SERVICES. |
| Form 990, Part VI, Section A, line 7a | The majority of the board of directors must be comprised of individuals who are appointed or selected by the Cuyahoga County Executive and the President of the Cuyahoga County Council. |
| Form 990, Part VI, Section B, line 11 | The Executive Director along with the Board of Directors are each supplied with a copy of Form 990. The Executive Director and the Board of Directors review Form 990. After all questions about the return are answered and any applicable changes are made, the Board votes to approve the filing of Form 990. |
| Form 990, Part VI, Section B, line 15a | The Board of Directors reviewed salary and compensation levels within organizations of similar size and comparable structure. The Board of Directors then votes to approve the salary. The current executive director was hired in August 2015. |
| Form 990, Part VI, Section C, line 19 | Copies of the organization's federal form 990 and governing documents shall be made available upon request, in a timely manner and subject to the charges permitted by law to any individual who request it. |
| FORM 990, PART VI , LINE 12A, 13 AND 14 | THE ORGANIZATION IS IN ITS ORGANIZATIONAL STAGES. THESE POLICIES ARE IN THE PROCESS OF DEVELOPMENT. |
| Form 990, Part IX, line 11g | CONSULTING: Program service expenses 0. Management and general expenses 162,058. Fundraising expenses 0. Total expenses 162,058. FOOD AND BEVERAGE FEE: Program service expenses 3,058,336. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,058,336. CONTRACTED SERVICES: Program service expenses 1,579,463. Management and general expenses 0. Fundraising expenses 0. Total expenses 1,579,463. MANAGEMENT COMPANY PAID SALARIES, BENEFITS AND PAYROL TAXES: Program service expenses 3,132,048. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,132,048. PUBLIC RELATION CONSULTING FEES: Program service expenses 0. Management and general expenses 164,690. Fundraising expenses 0. Total expenses 164,690. PAYROLL PROCESSING FEES: Program service expenses 0. Management and general expenses 8,758. Fundraising expenses 0. Total expenses 8,758. PROFESSIONAL FEES - OTHER: Program service expenses 0. Management and general expenses 11,922. Fundraising expenses 0. Total expenses 11,922. |
| FORM 990, PART IX, LINE 24A | THE ORGANIZATION ENTERED INTO A PROJECT FUNDING AGREEMENT WITH CUYAHOGA COUNTY. PURSUANT TO THE AGREEMENT AND IN CONSIDERATION OF THE COUNTY MAKING FUNDS AVAILABLE FOR THE CONVENTION CENTER CONSTRUCTION AND CONDITIONED UPON THE COUNTY MAKING CERTAIN RENT PAYMENTS THE ORGANIZATION AGREED TO MAKE MONTHLY PAYMENTS OF $3,000,000 TO CUYAHOGA COUNTY. |
| FORM 990, PART XII LINE 1 | The Organization is using the modified cash basis for both internal accounting and Form 990 purposes. The Organization believes that the modified cash basis more clearly reflects income AND EXPENSES. The major modification COMPARED TO the full accrual basis OF ACCOUNTING involves the lease agreement AND PROJECT FUNDING AGREEMENT between the Organization and Cuyahoga County. For tax reporting purposes, the lease AND PROJECT FUNDING AGREEMENT is accounted for on THE cash basis. |
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2015
Additional Data
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