Nonprofit · EIN 45-5423994
CINTRIFUSE
Tax-exempt · CINCINNATI, OH 45202
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $4,135,443 | $3,238,378 | $897,065 | $10,764,935 | $383,956 | $10,380,979 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,903,667
- of which government grants
- $1,313,015
- Program service revenue
- $450,658
- Investment income
- $208,676
- Net rental income
- $567,740
- Net gain from sales of assets
- -$8,700
- Other revenue
- $572,442
Expenses
- Grants and similar amounts paid
- $32,349
- Compensation of officers, directors and key employees
- $496,147
- Other salaries and wages
- $1,057,093
- Salaries, compensation and benefits (total)
- $1,768,799
- Professional fundraising fees
- $0
- Legal fees
- $57,369
- Accounting fees
- $42,474
- Occupancy
- $355,152
- Travel
- $3,094
- Depreciation
- $112,381
- Program services (functional)
- $2,525,320
- Management and general (functional)
- $706,129
- Fundraising (functional)
- $6,929
Balance sheet and other
- Total assets, start of year
- $10,290,641
- Total assets, end of year
- $10,764,935
- Total liabilities, end of year
- $383,956
- Net assets, end of year
- $10,380,979
- Land, buildings and equipment
- $3,329,635
- Net assets without donor restrictions
- $10,380,979
- Gross receipts
- $4,162,445
- Employees
- 52
- Volunteers
- 75
- Year formed
- 2012
- 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 |
|---|---|---|---|---|
| Peter Blackshaw | CEO - Term ended Trustee or director, Officer | 40 | $432,593 | $16,000 |
| Joseph Kropp | CEO Trustee or director, Officer | 40 | $356,364 | $41,376 |
| Lauren Boehmker | Executive Director Officer | 40 | $228,584 | $23,929 |
| Max Dworin | VP Cintrifuse Capital Highest-paid employee | 40 | $175,915 | $29,214 |
| Mark Wood | Director Venture Capital Highest-paid employee | 40 | $171,857 | $17,755 |
| Santiago Garcia | Principal Cintrifuse Capital Highest-paid employee | 40 | $163,242 | $9,632 |
| Abby Grimm | Director Experience and Community Highest-paid employee | 40 | $151,900 | $16,235 |
| Emily Easley | Senior Associate Highest-paid employee | 40 | $116,421 | $12,132 |
| Guy Persaud | Board Chair Trustee or director, Officer | 2 | $0 | $0 |
| James Zimmerman Esq | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Aftab Pureval | Board Member Trustee or director | 2 | $0 | $0 |
| Anu Vora | Board Member Trustee or director | 2 | $0 | $0 |
| Brian Cobb | Board Member Trustee or director | 2 | $0 | $0 |
| Brian Hodgett | Board Member Trustee or director | 2 | $0 | $0 |
| David Cannady | Board Member Trustee or director | 2 | $0 | $0 |
24 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Eric Baumgardner | Board Member Trustee or director | 2 | $0 |
| Gary Lindgren | Board Member Trustee or director | 2 | $0 |
| Greg Crawford | Board Member Trustee or director | 2 | $0 |
| Heather Quinley | Board Member Trustee or director | 2 | $0 |
| J Scott Robertson | Board Member Trustee or director | 2 | $0 |
| Jeremy Vaughan | Board Member Trustee or director | 2 | $0 |
| Joshua Smith | Board Member Trustee or director | 2 | $0 |
| Lisa Mullaney | Board Member Trustee or director | 2 | $0 |
| Malcolm Myers | Board Member Trustee or director | 2 | $0 |
| Mark Fahner | Board Member Trustee or director | 2 | $0 |
| Melissa Stevens | Board Member Trustee or director | 2 | $0 |
| Mike Zelkind | Board Member Trustee or director | 2 | $0 |
| Patrick Longo | Board Member Trustee or director | 2 | $0 |
| Paul Jenny | Board Member Trustee or director | 2 | $0 |
| Robert Kalutkiewicz | Board Member Trustee or director | 2 | $0 |
| Rod Robinson | Board Member Trustee or director | 2 | $0 |
| Ryan Hays | Board Member Trustee or director | 2 | $0 |
| Ryan Kean | Board Member Trustee or director | 2 | $0 |
| Stephanie Hogue | Board Member Trustee or director | 2 | $0 |
| Stephanie Jenkins | Board Member Trustee or director | 2 | $0 |
| Tarek Kamil | Board Member Trustee or director | 2 | $0 |
| Thomas Williams | Board Member Trustee or director | 2 | $0 |
| Tim Schigel | Board Member Trustee or director | 2 | $0 |
| Warren Weber | Board Member Trustee or director | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1311 VINE ST, CINCINNATI, OH 45202-7118
- Principal officer (990 for 2024)
- Joseph Kropp, 1311 Vine Street, Cincinnati, OH 45202
- Signed the 990
- Doug Fleming, CFO
- Phone
- (513) 246-2700
- Return prepared by
- Forvis Mazars LLP
Mission
To empower Cincinnati entrepreneurs to launch bold, scalable startups; and we work to improve the odds of those startups growing into transformational companies.
Program accomplishments
- 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.Expenses $1,498,374 · grants $32,349 · revenue $480,712
- Union Hall: Cincy's Startup Hub - The coworking, office and event space where high-growth startups find creativity, community and connections.Expenses $1,026,946 · revenue $537,686
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
- 45-5423994
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $10,764,935
- Income (IRS master file)
- $4,162,445
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990-T | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $4,054,624 | $3,990,014 | $10,290,641 | IRS |
| 990 | December 2022 | $3,725,567 | $2,927,552 | $9,930,758 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about CINTRIFUSE
- What is the EIN of CINTRIFUSE?
- The employer identification number (EIN) of CINTRIFUSE is 45-5423994.
- Is CINTRIFUSE tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to CINTRIFUSE tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does CINTRIFUSE 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 CINTRIFUSE 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 CINTRIFUSE 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 CINTRIFUSE?
- The 990 for the year ended December 31, 2024 names Joseph Kropp.
- Who are the officers and directors of CINTRIFUSE?
- The 990 for the year ended December 31, 2024 lists 39 people; 8 received compensation from the organization, the highest $432,593 (Peter Blackshaw, CEO - Term ended).
- How much revenue does CINTRIFUSE have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $4,135,443, expenses of $3,238,378 and total assets of $10,764,935 at year end.
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