Overview
What is Greater Cleveland Media Development Corporation?
Greater Cleveland Media Development Corporation, operating as the Greater Cleveland Film Commission, is a 501(c)3 nonprofit based in Cleveland, Ohio. Its primary mission is to spur economic growth and job creation in Northeast Ohio by fostering a thriving film and television industry. Since 2009, the organization's efforts have contributed to over $1.38 billion in economic impact and the creation of 7,092 full-time equivalent jobs. The Greater Cleveland Film Commission advocates for favorable policies, builds relationships with producers, and serves as a one-stop support system for local, national, and international filmmakers. They connect producers with local talent, curate educational programs, and organize events to strengthen the local workforce. You can learn more about their initiatives at [www.clevelandfilm.com](http://www.clevelandfilm.com).
Official website here: www.clevelandfilm.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 85%, Three-Star out of Four Stars
The Greater Cleveland Media Development Corporation holds a solid Three-Star rating from Charity Navigator, with an overall score of 85%. This indicates a commendable level of accountability and financial health, particularly reflected in its high Accountability & Finance Score of 86. The organization demonstrates strong governance with a fully independent board, all members being independent, and it has established comprehensive policies around conflict of interest and whistleblower protections.
Strengths noted in the evaluation include a high program expense ratio of 79.67%, which suggests that a significant portion of funds are directed toward its programs rather than administrative costs. Additionally, the organization has been proactive in implementing equity practices, scoring 79 out of 100 in this area, highlighting its commitment to inclusivity and community engagement.
However, the organization faces some challenges, particularly with its liabilities to assets ratio, which stands at 63.27%. This figure may raise concerns about the financial sustainability of the organization in the long term if not addressed. Overall, while the Greater Cleveland Media Development Corporation shows many strengths, it will need to keep an eye on its financial ratios to maintain its positive standing.
This AI summary has been generated from information found on Charity Navigator.
Is Greater Cleveland Media Development Corporation legitimate?
Greater Cleveland Media Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Greater Cleveland Media Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $314,944
Professional Fundraising Fees: $0
Other Salaries and Wages: $160,839
For more financial information, click here
Official website here: www.clevelandfilm.com
What is the mission statement of Greater Cleveland Media Development Corporation?
The Greater Cleveland Media Development Corporation's mission is centered around promoting media production in Northeast Ohio. They achieve this through strategic approaches to attract talent and develop the workforce. The organization aims to enhance economic growth in the region by leveraging the artistic and culturally enriching aspects of film and other media production. Furthermore, they support the media production industry and attract related businesses to the area.
Official website here: www.clevelandfilm.com
Who is the CEO of Greater Cleveland Media Development Corporation?
Bill Garvey is the President Effective October 2021 of Greater Cleveland Media Development Corporation.
Official website here: www.clevelandfilm.com
What is the revenue of Greater Cleveland Media Development Corporation?
Greater Cleveland Media Development Corporation's revenue in 2022 was $889,604.
Official website here: www.clevelandfilm.com
Who are the executives of Greater Cleveland Media Development Corporation and what are their salaries?
The average compensation at Greater Cleveland Media Development Corporation during 2022 was $67,969. There are 7 employees and 27 volunteers at Greater Cleveland Media Development Corporation.
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Official website here: www.clevelandfilm.com
Where can I find the form 990 for Greater Cleveland Media Development Corporation?
Greater Cleveland Media Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.clevelandfilm.com
Learn more at the official website: www.clevelandfilm.com
Mission Statement of Greater Cleveland Media Development Corporation
Greater Cleveland Media Development Corporation, a nonprofit organization, is dedicated to stimulating media production growth in Northeast Ohio. They achieve this goal by employing strategic approaches to attract talent and develop a robust workforce. Their primary objective is to establish an artistic infrastructure through film production. Beyond just promoting media production, this organization aims to foster economic development in the region. They accomplish this by leveraging the culturally enriching activities of film and other media productions to strengthen the local workforce. Moreover, Greater Cleveland Media Development Corporation supports the media production industry and encourages the attraction of media production to the area.
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Impact
October, 2024
The Greater Cleveland Media Development Corporation plays a pivotal role in enhancing media production in Northeast Ohio, significantly contributing to the region's economic growth and job creation. Since its inception, the organization has facilitated over $1.38 billion in economic impact through media projects, resulting in the creation of 7,092 full-time equivalent jobs.
By advocating for policies that encourage production spending and hiring, it fosters a conducive environment for filmmakers and production studios. The organization actively engages with these entities, building strong relationships that attract media projects to the area. It functions as a one-stop hub for filmmakers, providing essential support by connecting them with local talent, resources, and vendors.
Furthermore, Greater Cleveland Media Development Corporation emphasizes workforce development through curated education and training programs, such as workshops and internships. These initiatives aim to strengthen the local workforce while enhancing the artistic infrastructure of the region. By hosting film screenings and networking events, it cultivates a vibrant community, ultimately positioning Northeast Ohio as a significant player in the film and television industry.
This information is meant to be a general summary of Greater Cleveland Media Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Gross Receipts: $895,611
Assets and Liabilities:
- Total Assets: $1,083,741
- Total Liabilities: $685,773
- Net Assets: $397,968
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Organization Details
Founding Year
1998
Phone
(216) 623-3910Principal Officer
Bill Garvey
Main Address
526 Superior Ave Suite 350, Cleveland, OH, 44114
Website
www.clevelandfilm.comNTEE Category
Code: T20 - Philanthropy
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