Community Improvement Corporation of Cuyahoga Falls Ohio
Public records raise at least one point you should look into before giving.
What it says it does
THE COMMUNITY IMPROVEMENT CORPORATION OF CUYAHOGA FALLS WAS FORMED IN JULY 1970 AND INCORPORATED AS A CORPORATION NOT-FOR-PROFIT UNDER TITLE XVII, CHAPTERS 1702 AND 1724 OF THE OHIO REVISED CODE. THE STATED PURPOSE OF THE CORPORATION IS TO ADVANCE, ENCOURAGE, AND PROMOTE THE INDUSTRIAL, COMMERCIAL, CIVIC, AND ECONOMIC DEVELOPMENT OF THE CITY OF CUYAHOGA FALLS, OHIO UNDER APPLICABLE SECTIONS OF THE OHIO REVISED CODE. THE CORPORATION PROVIDES "GAP" FINANCIAL ASSISTANCE TO ELIGIBLE BUSINESSES IN THE CITY OF CUYAHOGA FALLS. FINANCIAL ASSISTANCE IS PROVIDED TO FOR- PROFIT ORGANIZATIONS THAT ARE INELIGIBLE FOR FINANCING THROUGH TRADITIONAL LENDING INSTITUTIONS. THE CIC FINANCING WILL NOT EXCEED 30% OF THE ORGANIZATION'S TOTAL PROJECT EXPENSES. THE FUNDING IS USED FOR THE PURCHASE OF EQUIPMENT AND/OR ASSETS FOR THE BUSINESS. ASSISTANCE IS PROVIDED IN INCREMENTS BETWEEN 50,000-100,000, DEPENDING ON THE NEEDS OF THE BUSINESS. PAYMENTS ARE DEFERRED FOR THE FIRST YEAR OF FINANCING AND THEN AMORTI
- Income
- $440,227
- Spending
- $151,640
- Employees
- 0
- Volunteers
- 10
- Highest pay
- $208,930, trustee
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Financial health
We do not score finances when yearly spending is very small or the return has too little detail. The ratios stop meaning much at that size.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Governance
This return does not answer enough of the governance questions to score.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $127,001 spent. 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 OR 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 BEGAN IN SPRING OF 2023. THE ORGANIZATION APPLIED FOR AND RECEIVED AN EXTENSION ON THIS PROJECT. IT IS SLATED TO BE COMPLETE BY THE END OF SUMMER 2025. THE TOTAL COST OF THE PROJECT IS ESTIMATED TO BE 1,972,732.00. 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. IN 2024, THE EXPENSES FOR THIS PROJECT TOTALED 184,053.48. THE ORGANIZATION RECEIVED 184, 053.48 IN GRANT REVENUE FROM THE STATE. OF THIS AMOUNT, 138,040.10 WAS REIMBURSED TO THE CITY OF CUYAHOGA FALLS AND 46,013.38 WAS APPLIED TO THE CITY 'S 25% REQUIRED MATCH. AFTER THE CLOSE-OUT OF THE GRANT, THE ORGANIZATION PLANS ON DEEDING THE PROPERTY BACK TO THE CITY OF CUYAHOGA FALLS SO THAT IT CAN BE UTILIZED AS GREEN SPACE OR A FUTURE TRAILHEAD FOR THE EXISTING MUD BROOK TRAIL. 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 OR 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 BEGAN IN SPRING OF 2023. THE ORGANIZATION APPLIED FOR AND RECEIVED AN EXTENSION ON THIS PROJECT. IT IS SLATED TO BE COMPLETE BY THE END OF SUMMER 2025. THE TOTAL COST OF THE PROJECT IS ESTIMATED TO BE 1,972,732.00. 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. IN 2024, THE EXPENSES FOR THIS PROJECT TOTALED 184,053.48. THE ORGANIZATION RECEIVED 184, 053.48 IN GRANT REVENUE FROM THE STATE. OF THIS AMOUNT, 138,040.10 WAS REIMBURSED TO THE CITY OF CUYAHOGA FALLS AND 46,013.38 WAS APPLIED TO THE CITY 'S 25% REQUIRED MATCH. AFTER THE CLOSE-OUT OF THE GRANT, THE ORGANIZATION PLANS ON DEEDING THE PROPERTY BACK TO THE CITY OF CUYAHOGA FALLS SO THAT IT CAN BE UTILIZED AS GREEN SPACE OR A FUTURE TRAILHEAD FOR THE EXISTING MUD BROOK TRAIL.
- $18,136 spent. DOWNTOWN EVENTS ARE ORGANIZED THROUGHOUT THE YEAR FOR THE PURPOSE OF ECONOMIC DEVELOPMENT OF THE DOWNTOWN AREA AN TO PROVIDE THE RESIDENTS OF CUYAHOGA FALLS AND SURROUNDING COMMUNITIES WITH AN OPPORTUNITY TO COME TOGETHER AND CELEBRATE THEIR COMMUNITY THROUGH MUSIC, CULTURAL FESTIVALS, AND SIMILAR EVENTS.
- THE ORGANIZATION PROVIDED 2 LOANS TOTALING 100,000 TO 2 BUSINESSES IN 2024. THE FIRST LOAN WAS PROVIDED TO LEGACY LAW FIRM, LLC IN THE AMOUNT OF 50,000 AND LOAN PAYMENTS WILL BEGIN IN JANUARY OF 2025. THIS LOAN CREATED 2 FULL-TIME POSITIONS FOR THE CITY OF CUYAHOGA FALLS. THE 2ND LOAN WAS PROVIDED TO BLACK DOG BAKING COMPANY, LLC IN OCTOBER OF 2024. PAYMENTS ON THIS LOAN WILL BEGIN IN NOVEMBER, 2025. THIS LOAN ALSO CREATED 2 FULL-TIME POSITIONS FOR THE CITY OF CUYAHOGA FALLS.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(4) social welfare organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Caution.
The IRS master file records contributions to this 501(c)(4) social welfare organization as not deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since April 1994.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.