2025-11-17T08:25:36+00:00 2024-12-31 440160260 Forvis Mazars LLP 312 Walnut Street Suite 3000 Cincinnati OH 45202 990 2024-01-01 455423994 Cintrifuse CINT 5132462700 1311 Vine Street Cincinnati OH 45202 Doug Fleming CFO 5132462700 2025-11-17 true Aaron Hershberger P00961884 5136218300 2025-11-11 2024 2025-03-06 01:10:19Z Joseph Kropp 1311 Vine Street Cincinnati OH 45202 4162445 false X www.cintrifuse.com X 2012 OH To make the Cincinnati region the best place in the Midwest to launch a high growth startup. We empower Cincinnati entrepreneurs to launch bold, scalable startups; and we work to improve the odds of those startups growing into transformational companies. 30 30 52 75 0 2856409 2903667 517365 450658 19060 208676 661790 572442 4054624 4135443 2306 32349 0 0 2456947 1768799 0 0 6929 1530761 1437230 3990014 3238378 64610 897065 10290641 10764935 806727 383956 9483914 10380979 To empower Cincinnati entrepreneurs to launch bold, scalable startups; and we work to improve the odds of those startups growing into transformational companies. false false 1498374 32349 480712 Startup, Venture, Innovation Programs - Cintrifuse enables the activation, development and growth of startups by strategically leveraging and connecting a network of partners, all committed to expanding innovation and entrepreneurship across the region. the organization provides a regimen of educational and programmatic services to entrepreneurs and start up including speaker series, innovation exchanges and development. For venture capital funds that come to the greater Cincinnati area, the organization provides an introduction to the ecosystem, by providing connections to start-ups, and established companies, by providing workshops relating to valuation and other issues to get companies, who are seed stage to series a stage ready for the conversation with potential funders. 1026946 0 537686 Union Hall: Cincy's Startup Hub - The coworking, office and event space where high-growth startups find creativity, community and connections. 2525320 true true false true false false false false false false true true false true false false false true false true true false false false false false false false false true false false false false false false false false false false false false false false true true true true false false true 33 0 true 52 true false false false false false false false false false false false false false X 30 30 false false false false true true false true true false false false true true true true true true true false false false X Doug Fleming 5132462700 1311 Vine Street Cincinnati OH 45202 Guy Persaud Board Chair 2.0 0.0 X X 0 0 0 James Zimmerman Esq Secretary 2.0 0.0 X X 0 0 0 Joseph Kropp CEO 40.0 0.0 X X 356364 0 41376 Peter Blackshaw CEO - Term ended 40.0 0.0 X X 432593 0 16000 Aftab Pureval Board Member 2.0 0.0 X 0 0 0 Anu Vora Board Member 2.0 0.0 X 0 0 0 Brian Cobb Board Member 2.0 0.0 X 0 0 0 Brian Hodgett Board Member 2.0 0.0 X 0 0 0 David Cannady Board Member 2.0 0.0 X 0 0 0 Eric Baumgardner Board Member 2.0 0.0 X 0 0 0 Gary Lindgren Board Member 2.0 0.0 X 0 0 0 Greg Crawford Board Member 2.0 0.0 X 0 0 0 Heather Quinley Board Member 2.0 0.0 X 0 0 0 J Scott Robertson Board Member 2.0 0.0 X 0 0 0 Jeremy Vaughan Board Member 2.0 0.0 X 0 0 0 Joshua Smith Board Member 2.0 0.0 X 0 0 0 Lisa Mullaney Board Member 2.0 0.0 X 0 0 0 Malcolm Myers Board Member 2.0 0.0 X 0 0 0 Mark Fahner Board Member 2.0 0.0 X 0 0 0 Melissa Stevens Board Member 2.0 0.0 X 0 0 0 Mike Zelkind Board Member 2.0 0.0 X 0 0 0 Patrick Longo Board Member 2.0 0.0 X 0 0 0 Paul Jenny Board Member 2.0 0.0 X 0 0 0 Robert Kalutkiewicz Board Member 2.0 0.0 X 0 0 0 Rod Robinson Board Member 2.0 0.0 X 0 0 0 Ryan Hays Board Member 2.0 0.0 X 0 0 0 Ryan Kean Board Member 2.0 0.0 X 0 0 0 Stephanie Hogue Board Member 2.0 0.0 X 0 0 0 Stephanie Jenkins Board Member 2.0 0.0 X 0 0 0 Tarek Kamil Board Member 2.0 0.0 X 0 0 0 Thomas Williams Board Member 2.0 0.0 X 0 0 0 Tim Schigel Board Member 2.0 0.0 X 0 0 0 Warren Weber Board Member 2.0 0.0 X 0 0 0 Lauren Boehmker Executive Director 40.0 0.0 X 228584 0 23929 Abby Grimm Director Experience and Community 40.0 0.0 X 151900 0 16235 Emily Easley Senior Associate 40.0 0.0 X 116421 0 12132 Mark Wood Director Venture Capital 40.0 0.0 X 171857 0 17755 Max Dworin VP Cintrifuse Capital 40.0 0.0 X 175915 0 29214 Santiago Garcia Principal Cintrifuse Capital 40.0 0.0 X 163242 0 9632 1796876 0 166273 9 false true true 0 0 0 0 0 1313015 1590652 0 2903667 Management Fee 541610 24000 24000 0 0 Other Revenue 541610 426658 426658 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 450658 217376 0 0 217376 0 0 0 0 0 0 0 0 567740 0 0 0 567740 0 567740 567740 0 0 0 18302 0 27002 0 -8700 -8700 0 0 -8700 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 Miscellaneous Income 900999 4702 0 0 4702 0 0 0 0 0 0 0 0 0 0 0 0 4702 4135443 1018398 0 213378 32349 32349 0 0 0 0 0 0 496147 175697 320450 0 0 0 0 0 1057093 942553 113276 1264 14926 10795 4068 63 117464 103507 13473 484 83169 73934 9052 183 4935 0 0 4935 57369 7805 49564 0 42474 0 42474 0 28000 0 28000 0 0 0 0 0 0 0 225865 221039 4826 0 53393 34658 18735 0 62613 61650 963 0 101853 64584 37269 0 0 0 0 0 355152 355152 0 0 3094 370 2724 0 0 0 0 0 171551 156814 14737 0 0 0 0 0 0 0 0 0 112381 112381 0 0 33900 23830 10070 0 Miscellaneous Expense 150863 116465 34398 0 Tax Expense 32787 30737 2050 0 BAD DEBT 1000 1000 0 0 0 0 0 0 3238378 2525320 706129 6929 2986243 3533642 0 0 744291 787965 0 0 0 0 0 0 0 30000 0 0 52142 32508 3745512 415877 3427912 3329635 0 0 1509150 1673192 0 16128 0 1554775 1377993 10290641 10764935 784963 383956 0 0 21764 0 0 0 0 0 0 0 0 0 0 0 0 0 806727 383956 X 9483914 10380979 0 0 0 0 0 0 0 0 9483914 10380979 10290641 10764935 897065 0 0 0 0 0 X false true true false X 2365366 2931542 2613625 2856409 2903667 13670609 603731 774111 771978 1179155 1018398 4347373 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 2969097 3705653 3385603 4035564 3922065 18017982 1864914 2080271 2113463 519500 515000 7093148 0 251119 2744 0 0 253863 1864914 2331390 2116207 519500 515000 7347011 10670971 420259 -51161 339964 19060 217376 945498 0 0 0 0 0 0 420259 -51161 339964 19060 217376 945498 0 0 0 0 0 0 0 0 0 0 0 0 3389356 3654492 3725567 4054624 4139441 18963480 0.56271 0.47616 0.05 0.06 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false true 28000 28000 false Schedule C, Part II-B, Line 1 DETAILED DESCRIPTION OF THE LOBBYING ACTIVITY Government relations and Consulting services 0 0 0 0 3500000 282099 3217901 0 0 0 0 0 0 0 0 0 245512 133778 111734 3329635 1673192 C 1673192 Due from Affiliates 1277955 Other Assets 100038 1377993 North America (Canada & Mexico only) 0 1 FUND MANAGEMENT N/A 127574 0 1 0 0 0 1 127574 0 127574 false false false false false false Schedule F, Part I, Line 3 Method used to account for expenditures on org's financial statements NORTH AMERICA (CANADA & MEXICO ONLY)-Cash true false true false false false false false false Peter Blackshaw CEO - Term ended 90673 0 54750 0 287170 0 9162 0 6838 0 448593 0 0 0 Joseph Kropp CEO 303784 0 48918 0 3662 0 17250 0 24126 0 397740 0 0 0 Lauren Boehmker Executive Director 201201 0 24776 0 2607 0 11712 0 12217 0 252513 0 0 0 Max Dworin VP Cintrifuse Capital 159439 0 13875 0 2601 0 9145 0 20069 0 205129 0 0 0 Mark Wood Director Venture Capital 150392 0 18864 0 2601 0 9147 0 8608 0 189612 0 0 0 Santiago Garcia Principal Cintrifuse Capital 142938 0 20250 0 54 0 7309 0 2323 0 172874 0 0 0 Abby Grimm Director Experience and Community 122081 0 27218 0 2601 0 7795 0 8440 0 168135 0 0 0 Schedule J, Part I, Line 4a Severance or change-of-control payment During the calendar year ended December 31, 2024, the organization paid Pete Blackshaw severance in the amount of $273,750. Schedule J, Part I, Line 4c Equity-based compensation arrangement Both Joseph Kropp and Pete Blackshaw participate in equity-based compensation arrangements, but neither received any payments pursuant to the agreement in 2024. Form 990, Part VI, Line 6 Classes of members or stockholders THE MEMBERS OF THE ORGANIZATION SHALL BE THOSE PERSONS WHO SERVE AS DIRECTORS AND THEIR RESPECTIVE MEMBERSHIPS SHALL LAST DURING THEIR RESPECTIVE TERMS OF OFFICE AS DIRECTORS. THE DIRECTORS SHALL HAVE ALL THE RIGHTS AND PRIVILEGES OF MEMBERS AS ARE PROVIDED UNDER OHIO NONPROFIT ORGANIZATION LAW INCLUDING SECTION 1702.14 OF THE OHIO REVISED CODE. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body THE ORGANIZATION'S GOVERNING BODY RECRUITS NEW AND REPLACEMENT GOVERNING BODY MEMBERS, AS WELL AS OFFICERS FOR THE ORGANIZATION. Form 990, Part VI, Line 11b Review of form 990 by governing body THE CEO, SECRETARY, AND TREASURER WILL REVIEW THE 990 AND SHARE THE 990 AND THE ADDITIONAL FEEDBACK WITH THE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED WITH THE IRS. Form 990, Part VI, Line 12c Conflict of interest policy EACH YEAR THE GOVERNING BODY MUST AGREE TO ABIDE BY THE ORGANIZATION'S BYLAWS. THE CONFLICT OF INTEREST IS EMBEDDED IN THE BYLAWS. IN CONNECTION WITH ANY ACTUAL OR POSSIBLE CONFLICT OF INTEREST, AN INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF HIS OR HER FINANCIAL INTEREST AND MUST BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS TO THE DIRECTORS AND MEMBERS OF THE COMMITTEES WITH BOARD-DELEGATED POWERS CONSIDERING THE PROPOSED TRANSACTIONS OR ARRANGEMENT. AFTER DISCLOSURE OF THE FINANCIAL INTEREST AND ALL MATERIAL FACTS, AND AFTER ANY DISCUSSION WITH THE INTERESTED PERSON, HE OR SHE SHALL LEAVE THE BOARD OF COMMITTEE MEETING WHILE THE DETERMINATION OF A CONFLICT OF INTEREST IS DISCUSSED AND VOTED UPON. THE REMAINING BOARD OR COMMITTEE MEMBERS SHALL DECIDE IF A CONFLICT OF INTEREST EXISTS. A. AN INTERESTED PERSON MAY MAKE A PRESENTATION AT THE BOARD OR COMMITTEE MEETING, BUT AFTER SUCH PRESENTATION, HE OR SHE SHALL LEAVE THE MEETING DURING THE DISCUSSION OF, AND THE VOTE ON, THE TRANSACTION OR ARRANGEMENT INVOLVING THE POSSIBLE CONFLICT OF INTEREST. B. THE CHAIR OF THE BOARD OR COMMITTEE SHALL, IF APPROPRIATE, APPOINT A DISINTERESTED PERSON OR COMMITTEE TO OBTAIN APPROPRIATE DATA AS TO COMPARABLE TRANSACTIONS AND INVESTIGATE ALTERNATIVES TO THE PROPOSED TRANSACTION OR ARRANGEMENT. APPROPRIATE DATA AS TO COMPENSATION SHALL INCLUDE COMPENSATION DATA FROM THREE COMPARABLE ORGANIZATIONS IN THE GEOGRAPHIC AREA FOR SIMILAR SERVICES. APPROPRIATE DATA AS TO A PROPERTY TRANSACTION MAY INCLUDE INDEPENDENT APPRAISALS AND/OR OFFERS RECEIVED AS PART OF AN OPEN AND COMPETITIVE BIDDING PROCESS. C. THE BOARD OR COMMITTEE SHALL DETERMINE BY A MAJORITY VOTE OF THE DISINTERESTED DIRECTORS WHETHER THE TRANSACTION OR ARRANGEMENT IS IN THE ORGANIZATION'S BEST INTERESTS, FOR ITS OWN BENEFIT, AND WHETHER THE TRANSACTION IS FAIR AND REASONABLE TO THE ORGANIZATION AND SHALL MAKE ITS DECISION AS TO WHETHER TO ENTER INTO THE TRANSACTION OR ARRANGEMENT IN CONFORMITY WITH SUCH DETERMINATION. Form 990, Part VI, Line 15a Process to establish compensation of top management official THE ORGANIZATION'S CEO WENT THROUGH THEIR PROCESS OF DETERMINING COMPENSATION BY INCLUDING A REVIEW AND APPROVAL BY INDEPENDENT PERSONS, COMPARABILITY DATA, AND CONTEMPORANEOUS SUBSTANTIATION OF THE DELIBERATION AND DECISION. Form 990, Part VI, Line 19 Required documents available to the public THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. 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