Nonprofit · EIN 27-0531612
SPORTS EVENT DEVELOPMENT FUND
Tax-exempt · CLEVELAND, OH 44114
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $1,472,791 | $654,495 | $818,296 | $4,337,530 | $0 | $4,337,530 |
| December 31, 2023 | 990 | $460,447 | $27,696 | $432,751 | $3,456,636 | $0 | $3,456,636 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,305,000
- Program service revenue
- $0
- Investment income
- $167,791
- Net gain from sales of assets
- $15,022
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $651,795
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $2,500
- Program services (functional)
- $651,795
- Management and general (functional)
- $2,700
Balance sheet and other
- Total assets, start of year
- $3,456,636
- Total assets, end of year
- $4,337,530
- Total liabilities, end of year
- $0
- Net assets, end of year
- $4,337,530
- Publicly traded securities
- $4,311,030
- Net assets without donor restrictions
- $4,337,530
- Gross receipts
- $1,472,791
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2008
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID GILBERT | PRESIDENT Trustee or director, Officer | 1 | $0 | $571,339 | $190,625 |
| DOUG NEARY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| BOB KLONK | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| FRED DISANTO | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MIKE GIBBONS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| DAVID GILBERT | PRESIDENT Trustee or director, Officer | 1 | $0 | $587,153 | $168,206 |
| DOUG NEARY | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JEFF FRIEDMAN | BOARD CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| FRED DISANTO | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MIKE GIBBONS | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 334 EUCLID AVE 100, CLEVELAND, OH 44114-2207
- In care of
- % DAVID GILBERT
- Principal officer (990 for 2024)
- DAVID GILBERT, 334 EUCLID AVE 100, CLEVELAND, OH 44114
- Signed the 990
- DAVID GILBERT, PRESIDENT
- Phone
- (216) 621-0600
- Website
- WWW.CLEVELANDSPORTS.ORG
- Return prepared by
- MALONEY NOVOTNY LLC
Mission
THE SPORTS EVENT DEVELOPMENT FUND SUPPORTS THE GREATER CLEVELAND SPORTS COMMISSION AND ITS MISSION TO MEASURABLY IMPROVE THE ECONOMY OF GREATER CLEVELAND AND ENRICH THE COMMUNITY BY ATTRACTING, CREATING, MANAGING AND ENHANCING SIGNIFICANT SPORTING AND COMPETITIVE EVENTS.
Program accomplishments
- THE ORGANIZATION SUPPORTS THE OPERATIONS AND FURTHERS THE EXEMPT PURPOSES OF THE GREATER CLEVELAND SPORTS COMMISSION, WHICH ATTRACTS AMATEUR AND PROFESSIONAL SPORTING EVENTS TO CLEVELAND AND NORTHEASTERN OHIO. THE GREATER CLEVELAND SPORTS COMMISSION IS A SECTION 501(C)(3) TAX-EXEMPT ORGANIZATION WHICH ATTRACTS SIGNIFICANT SPORTING EVENTS AND ACTIVITIES TO CLEVELAND AND NORTHEAST OHIO.Expenses $651,795 · grants $651,795
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 27-0531612
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S11)
- Assets (IRS master file)
- $4,337,530
- Income (IRS master file)
- $1,472,791
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $1,472,791 | $654,495 | $4,337,530 | IRS |
| 990 | December 2023 | $460,447 | $27,696 | $3,456,636 | XML |
| 990 | December 2022 | $1,024,585 | $527,653 | $2,904,562 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 27-0531612).
Questions about SPORTS EVENT DEVELOPMENT FUND
- What is the EIN of SPORTS EVENT DEVELOPMENT FUND?
- The employer identification number (EIN) of SPORTS EVENT DEVELOPMENT FUND is 27-0531612.
- Is SPORTS EVENT DEVELOPMENT FUND tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to SPORTS EVENT DEVELOPMENT FUND tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does SPORTS EVENT DEVELOPMENT FUND file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SPORTS EVENT DEVELOPMENT FUND due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SPORTS EVENT DEVELOPMENT FUND last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of SPORTS EVENT DEVELOPMENT FUND?
- The 990 for the year ended December 31, 2024 names DAVID GILBERT.
- Who are the officers and directors of SPORTS EVENT DEVELOPMENT FUND?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does SPORTS EVENT DEVELOPMENT FUND have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $1,472,791, expenses of $654,495 and total assets of $4,337,530 at year end.
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All nonprofits in CLEVELAND · Ohio · Community improvement and capacity building