Nonprofit · EIN 34-1916518
ECONOMIC GROWTH FOUNDATION
Tax-exempt · CLEVELAND, OH 44115
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,989,111 | $4,514,207 | $474,904 | $13,431,304 | $653,785 | $12,777,519 |
| December 31, 2023 | 990 | $4,825,347 | $4,682,632 | $142,715 | $12,747,580 | $916,096 | $11,831,484 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,895,221
- of which government grants
- $1,721,017
- Program service revenue
- $2,045,941
- Investment income
- $47,949
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $372,035
- Other salaries and wages
- $1,987,389
- Salaries, compensation and benefits (total)
- $2,889,936
- Professional fundraising fees
- $0
- Legal fees
- $393
- Accounting fees
- $4,085
- Occupancy
- $131,273
- Travel
- $56,086
- Depreciation
- $79,006
- Program services (functional)
- $4,397,483
- Management and general (functional)
- $116,724
Balance sheet and other
- Total assets, start of year
- $12,747,580
- Total assets, end of year
- $13,431,304
- Total liabilities, end of year
- $653,785
- Net assets, end of year
- $12,777,519
- Land, buildings and equipment
- $4,736
- Net assets without donor restrictions
- $11,125,632
- Net assets with donor restrictions
- $1,651,887
- Gross receipts
- $4,989,111
- Employees
- 0
- Volunteers
- 27
- Year formed
- 1997
- 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 |
|---|---|---|---|---|---|
| Shah Baiju | President & CEO Officer | 4 | $62,270 | $629,619 | $54,375 |
| Ittu Yvette | EVP Finance & Operations Officer | 1 | $6,668 | $399,903 | $35,169 |
| Luteran John | SVP, Fin. Operations & Air Services Key employee | 1 | $8,687 | $297,198 | $43,570 |
| Blakemore Patrice | SVP, Equity & Inclusion Key employee | 40 | $228,942 | $0 | $42,403 |
| Coates Steven | Controller Finance & Operations Highest-paid employee | 2 | $9,834 | $199,401 | $28,755 |
| Cox Katie | SD, Assis. Controller, Fin. & Oper. Highest-paid employee | 8 | $26,299 | $112,120 | $33,872 |
| Gutzky Debra | VP, Human Resources Highest-paid employee | 2 | $5,405 | $129,706 | $33,370 |
| Nance Christopher | VP, Construction/Inclusive Highest-paid employee | 40 | $137,495 | $0 | $28,526 |
| Grgurevic Marco | MVP, Minority Business Growth Highest-paid employee | 40 | $134,408 | $0 | $25,709 |
| Dolan Paul | Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Taylor Jr Eddie | Secretary Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Richardson Sean | Treasurer Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Arnold Craig | Director Trustee or director | 1 | $0 | $0 | $0 |
| Barlage Nic | Director Trustee or director | 1 | $0 | $0 | $0 |
| Cavoli James | Director Trustee or director | 1 | $0 | $0 | $0 |
21 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Connell Michele | Director Trustee or director | 1 | $0 |
| Cosgrove Bill | Director Trustee or director | 1 | $0 |
| De Wagheneire Severine | Director Trustee or director | 1 | $0 |
| Evans Taylor | Director Trustee or director | 1 | $0 |
| Glass Steven | Director Trustee or director | 1 | $0 |
| Gorman Christopher | Director Trustee or director | 1 | $0 |
| Harmon Brad | Director Trustee or director | 1 | $0 |
| Haslam Dee | Director Trustee or director | 1 | $0 |
| Johnson Kevin | Director Trustee or director | 1 | $0 |
| Kaler Eric | Director Trustee or director | 1 | $0 |
| Liebert Rebecca | Director Trustee or director | 1 | $0 |
| Opsitnick Timothy | Director Trustee or director | 1 | $0 |
| Parmentier Jennifer | Director Trustee or director | 1 | $0 |
| Pastore Patrick | Director Trustee or director | 1 | $0 |
| Perez Cheryl | Director Trustee or director | 1 | $0 |
| Petz Heidi | Director Trustee or director | 1 | $0 |
| Read Deborah | Director until 8/1/24 Trustee or director | 1 | $0 |
| Restivo Neal | Director Trustee or director | 1 | $0 |
| Stanek Michael | Director until 2/1/24 Trustee or director | 1 | $0 |
| Tierney Brian | Director Trustee or director | 1 | $0 |
| Whiting Vanessa | Director Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 37 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Shah Baiju | President & CEO Officer | 4 | $59,613 | $602,753 | $50,943 |
| Ittu Yvette | EVP Finance & Operations Officer | 1 | $6,521 | $391,131 | $58,853 |
| Luteran John | MVP, Fin, Operations & Air Services Key employee | 1 | $8,276 | $283,140 | $40,922 |
| Blakemore Patrice | SVP, Equity & Inclusion Key employee | 40 | $205,695 | $0 | $44,937 |
| Coates Steven | Controller Finance & Operations Highest-paid employee | 2 | $9,325 | $189,088 | $27,402 |
| Tahan Colleen | Dir, Accounting, Fin. & Operations Highest-paid employee | 3 | $10,108 | $120,317 | $43,283 |
| Platt Craig | Managing Director, IT Sector PT Highest-paid employee | 40 | $144,553 | $0 | $17,465 |
| Nance Christopher | VP, Construction/Inclusive Highest-paid employee | 40 | $128,947 | $0 | $32,725 |
| Cox Katie | Director, Fin. Planning & Analysis Highest-paid employee | 8 | $24,200 | $103,165 | $31,810 |
| Dolan Paul | Chair Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Richardson Sean | Treasurer Trustee or director, Officer | 2 | $0 | $0 | $0 |
| Arnold Craig | Director Trustee or director | 1 | $0 | $0 | $0 |
| Barlage Nic | Director Trustee or director | 1 | $0 | $0 | $0 |
| Cavoli James | Director Trustee or director | 1 | $0 | $0 | $0 |
| Chaikin Scott | Director until 12/23 Trustee or director | 1 | $0 | $0 | $0 |
| Connell Michele | Director Trustee or director | 1 | $0 | $0 | $0 |
| Cosgrove Bill | Director Trustee or director | 1 | $0 | $0 | $0 |
| DeWagheneire Severine | Director Trustee or director | 1 | $0 | $0 | $0 |
| Evans Taylor | Director Trustee or director | 1 | $0 | $0 | $0 |
| Glass Steven | Director Trustee or director | 1 | $0 | $0 | $0 |
| Gorman Christopher | Director Trustee or director | 1 | $0 | $0 | $0 |
| Harmon Brad | Director Trustee or director | 1 | $0 | $0 | $0 |
| Haslam Dee | Director Trustee or director | 1 | $0 | $0 | $0 |
| Johnson Kevin | Director Trustee or director | 1 | $0 | $0 | $0 |
| Kaler Eric | Director Trustee or director | 1 | $0 | $0 | $0 |
| Komoroski Len | Director until 9/23 Trustee or director | 1 | $0 | $0 | $0 |
| Liebert Rebecca | Director Trustee or director | 1 | $0 | $0 | $0 |
| Morikis John | Director until 12/23 Trustee or director | 1 | $0 | $0 | $0 |
| Opsitnick Timothy | Director Trustee or director | 1 | $0 | $0 | $0 |
| Parmentier Jennifer | Director Trustee or director | 1 | $0 | $0 | $0 |
| Pastore Patrick | Director Trustee or director | 1 | $0 | $0 | $0 |
| Perez Cheryl | Director Trustee or director | 1 | $0 | $0 | $0 |
| Read Deborah | Director Trustee or director | 1 | $0 | $0 | $0 |
| Restivo Neal | Director Trustee or director | 1 | $0 | $0 | $0 |
| Stanek Michael | Director Trustee or director | 1 | $0 | $0 | $0 |
| Taylor Jr Eddie | Director Trustee or director | 1 | $0 | $0 | $0 |
| Whiting Vanessa | Director Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1240 HURON RD E STE 300, CLEVELAND, OH 44115-1722
- In care of
- % DENNIS J ROCHE
- Principal officer (990 for 2024)
- Baiju Shah, 1240 Huron Road E 300, Cleveland, OH 44115
- Signed the 990
- Yvette M Ittu, Exec VP - Finance & Operations
- Phone
- (216) 592-2210
- Return prepared by
- RSM US LLP
Mission
To promote and advance the civic, economic, and cultural growth of Greater Cleveland as a place to live, work, and conduct business.
Program accomplishments
- Talent:Dynamic businesses need abundant talent to grow. Our focus is catalyzing business-led initiatives and work-based learning opportunities for in-demand jobs. We collaborate with employers, educators, and career training partners to increase enrollment and completion in degree and credential programs across high-growth industries. We also strengthen pathways into the workforce through internships, apprenticeships, and co-ops driven by industry needs. To build early awareness and engagement, we support programs that connect high school students to career exploration and real-world experiences, helping young people navigate their options and pursue meaningful employment.Retain college graduates: Through the Cleveland Talent Alliance, we helped host record-setting intern engagement events, including Summer in the Land, College Fest and a Winter Career Fair, connecting 1,700+ interns to the region and showcasing local career opportunities. 2024 also saw a rise in college and university enrollments and graduate retention in Greater Cleveland.Expand apprenticeships and tech credentials: In addition, we operated the Apprenticeship Hub with a focus on engaging companies and individuals in apprenticeships in non-traditional industries such as health care, financial services, and hospitality. We also promoted increased usage of tech credentialing to up-skill workers.Broaden career awareness among high school students through exposure programs: Through partnerships, we supported expansions of apprenticeship programs, linking high school and post-secondary students to career pathways. EGF engaged over 2,600 high school students from across the region in career connected learning experiences with industry volunteers from over 50 Northeast Ohio companies and supported the Greater Cleveland Career Consortium's expansion to 10 school districts, to broad access to career-connected and work-based learning programs.Expenses $2,063,090 · revenue $444,172
- Inclusive Opportunity:Our focus is on expanding inclusive opportunity and advancing equity across all levels of the business community. We work to grow minority-owned businesses by connecting them to customer opportunities, capital, and targeted advisory services. In collaboration with partners, we help promote inclusive workplace practices.Scale minority business enterprises through advisory services and access to customers: EGF is focused on increasing the number, scope and scale of minority-owned-businesses. Through the Mergers, Acquisitions & Partnerships (MAP) Lab and Emerging Developers Initiatives, businesses can access targeted growth resources and advisors. Customer opportunities are provided through supplier diversity initiatives including CommitCLE and the Construction, Utilities, & Buildings Equity Initiative. In 2024, clients of the Ohio MBDA Business Center secured $110 million in contracts. Also, more than 20 organizations signed onto the City of Cleveland Community Benefits Ordinance MOU, reinforcing commitments to business and workforce opportunity.Increasing Leadership and Workforce Diversity: Diverse leadership strengthens organizations by bringing a wide range of experiences and perspectives to the table. EGF serves as a convener and resource for employers on inclusion. Our workshops and conferences include a CEO Forum and an annual conference engaging human resources leaders.Expenses $1,935,505 · revenue $1,590,769
- Innovation:A thriving region depends on the strength and growth of its business community. The Economic Growth Foundation drives innovation by collaborating with partners to support businesses of all sizes, connecting them to growth opportunities, and talent resources. We help small and mid-sized firms access funding, cost-saving programs, and peer networks that foster collaboration. We also accelerate innovation across startups, corporations, and research institutions by advancing sector-specific strategies, supporting cross-sector partnerships, and encouraging investment in new technologies.Expenses $249,505 · revenue $11,000
- The Great Lakes Metro Chamber Coalition is a collective of chambers of commerce across the Great Lakes region that jointly advocate on core policy issues, including water quality, immigration reform, trade, transportation and infrastructure. EGF is a founding member of this coalition. The organization continues to staff and lead the coalition's work.Expenses $87,741
- Appealing communities are essential to attracting and retaining vibrant businesses and talented people. We focus on shaping Greater Cleveland into a dynamic place where people want to live, work, and play. Through collaboration with public and private partners, we advance interconnected, inclusive development across downtown, the waterfront, and surrounding neighborhoods. We invest in both residential growth and commercial revitalization, supported by accessible and efficient transit. We push for better parks and trails, stronger arts and culture, and the kind of sports and entertainment experiences that make a city stand out. We advocate for expanded resources that enhance quality of life, and we work to strengthen air service and connectivity that supports both business and leisure travel.Expenses $61,642
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
- 34-1916518
- 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
- 2000
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Employment (J22)
- Assets (IRS master file)
- $13,431,304
- Income (IRS master file)
- $4,989,111
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $4,989,111 | $4,514,207 | $13,431,304 | XML |
| 990 | December 2023 | $4,825,347 | $4,682,632 | $12,747,580 | XML |
| 990 | December 2022 | $2,912,962 | $3,877,223 | $13,654,480 | 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 34-1916518).
Questions about ECONOMIC GROWTH FOUNDATION
- What is the EIN of ECONOMIC GROWTH FOUNDATION?
- The employer identification number (EIN) of ECONOMIC GROWTH FOUNDATION is 34-1916518.
- Is ECONOMIC GROWTH FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to ECONOMIC GROWTH FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ECONOMIC GROWTH FOUNDATION 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 ECONOMIC GROWTH FOUNDATION 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 ECONOMIC GROWTH FOUNDATION 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 ECONOMIC GROWTH FOUNDATION?
- The 990 for the year ended December 31, 2024 names Baiju Shah.
- Who are the officers and directors of ECONOMIC GROWTH FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 36 people; 9 received compensation from the organization, the highest $62,270 (Shah Baiju, President & CEO).
- How much revenue does ECONOMIC GROWTH FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,989,111, expenses of $4,514,207 and total assets of $13,431,304 at year end.
Other nonprofits in CLEVELAND
- CLEVELAND-CUYAHOGA COUNTY WORKFORCE DEVELOPMENT BOARD EIN 99-2576276 · last filed 990 for 2025
- INTERNATIONAL ASSOCIATION OF SHEET METAL AIR RAIL & TRANSPORTATION EIN 34-1568581 · last filed 990 for 2024
- TOWARDS EMPLOYMENT INCORPORATED EIN 34-1578831 · last filed 990 for 2024
- VOCATIONAL GUIDANCE SERVICES EIN 34-0714650 · last filed 990 for 2024
- AMERICAN TRAIN DISPATCHERS ASSOCIATION EIN 36-6000132 · last filed 990 for 2025
- LABORERS INTERNATIONAL UNION OF NORTH AMERICA EIN 34-0121945 · last filed 990 for 2024
- GREATER CLEVELAND PIPEFITTING INDUSTRY TRAINING FUND EIN 34-1086741 · last filed 990 for 2025
- CONSTRUCTION INDUSTRY SERVICE PROGRAM EIN 34-6608625 · last filed 990 for 2024