Nonprofit · EIN 32-0468156
COMMUNITY ECONOMIC ADVANCEMENT INITIATIVE INC
Tax-exempt (reinstated) · CINCINNATI, OH 45237
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $18,702 | $211,275 | -$192,573 | $1,037,586 | $685,338 | $352,248 |
| December 31, 2023 | 990 | $358,840 | $301,060 | $57,780 | $701,622 | $155,286 | $546,336 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $21,000
- Program service revenue
- $0
- Investment income
- $1,376
- Net rental income
- -$3,674
- Other revenue
- -$3,674
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $45,833
- Other salaries and wages
- $17,236
- Salaries, compensation and benefits (total)
- $64,388
- Professional fundraising fees
- $0
- Legal fees
- $772
- Accounting fees
- $1,783
- Occupancy
- $11,110
- Depreciation
- $2,876
- Program services (functional)
- $145,665
- Management and general (functional)
- $65,610
Balance sheet and other
- Total assets, start of year
- $701,622
- Total assets, end of year
- $1,037,586
- Total liabilities, end of year
- $685,338
- Net assets, end of year
- $352,248
- Land, buildings and equipment
- $958,966
- Gross receipts
- $37,376
- Employees
- 2
- Year formed
- 2015
- 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 | Other / benefits |
|---|---|---|---|---|
| SIL WATKINS | Director Trustee or director, Officer | 20 | $0 | $3,747 |
| DAMON LYNCH III | Chairman Officer | 0 | $0 | $0 |
| KZ SMITH | Secretary Officer | 0 | $0 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| EUGENE ELLINGTON MPA | PresidentCEO Officer | 40 | $100,000 |
| DAMON LYNCH III | Chairman Officer | – | $0 |
| KZ SMITH | Secretary Officer | – | $0 |
| LARRY BURNETT | Treasurer Officer | – | $0 |
| JERRY CULBREATH | Director Trustee or director | – | $0 |
| ANGIE FAIRBANKS | Director Trustee or director | – | $0 |
| KRISTEN KITCHEN | Director Trustee or director | – | $0 |
| SIL WATKINS | Director Trustee or director | – | $0 |
| AMBER KELLY | Director Trustee or director | – | $0 |
Address and contacts
- Address (IRS master file)
- 1237 CALIFORNIA AVE, CINCINNATI, OH 45237-5501
- In care of
- % SIL WATKINS
- Principal officer (990 for 2024)
- Sil Watkins, 1237 California Ave, Cincinnati, OH 45237
- Signed the 990
- SIL WATKINS, President
- Phone
- (513) 706-6312
- Website
- www.ceaicincy.org
- Return prepared by
- THE NET'S EFFECT COMPANY LLC
Mission
Create and support social, economic and cultural development in the arts, education, recreation, employment and spirituality which enhance ownership, connection, caring & kinship in the African-American commun
Program accomplishments
- The CEAI completed the Development of the Bond Hill Deli that reduce the impact of the food desert in the Bond Hill California Neighborhood A ribbon cutting ceremony was conducted and the facility was opened.
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. 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
- 32-0468156
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Crime and legal-related (I20)
- Assets (IRS master file)
- $1,037,586
- Income (IRS master file)
- $37,376
Revocation and reinstatement
- Exemption revoked
- May 15, 2018
- Posted by the IRS
- August 13, 2018
- Reinstated
- Effective December 15, 2018
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $18,702 | $211,275 | $1,037,586 | XML |
| 990 | December 2023 | $358,840 | $301,060 | $701,622 | XML |
| 990 | December 2022 | $291,912 | $401,967 | $658,390 | IRS |
| 990 | December 2021 | – | – | – | 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 32-0468156).
Questions about COMMUNITY ECONOMIC ADVANCEMENT INITIATIVE INC
- What is the EIN of COMMUNITY ECONOMIC ADVANCEMENT INITIATIVE INC?
- The employer identification number (EIN) of COMMUNITY ECONOMIC ADVANCEMENT INITIATIVE INC is 32-0468156.
- Is COMMUNITY ECONOMIC ADVANCEMENT INITIATIVE INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2018 and reinstated it effective December 15, 2018.
- Are donations to COMMUNITY ECONOMIC ADVANCEMENT INITIATIVE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does COMMUNITY ECONOMIC ADVANCEMENT INITIATIVE INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of COMMUNITY ECONOMIC ADVANCEMENT INITIATIVE INC 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 COMMUNITY ECONOMIC ADVANCEMENT INITIATIVE INC 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 COMMUNITY ECONOMIC ADVANCEMENT INITIATIVE INC?
- The 990 for the year ended December 31, 2024 names Sil Watkins.
- Who are the officers and directors of COMMUNITY ECONOMIC ADVANCEMENT INITIATIVE INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 0 received compensation from the organization.
- How much revenue does COMMUNITY ECONOMIC ADVANCEMENT INITIATIVE INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $18,702, expenses of $211,275 and total assets of $1,037,586 at year end.
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All nonprofits in CINCINNATI · Ohio · Crime and legal-related