CLEVELAND FOUNDRY

EIN: 30-0609496 · CLEVELAND, OH · Data spans: TY2016–TY2024

Most recent filing: Tax Year 2024.

A more recent filing may not yet be published.

Sailing's public record, made legible. All numbers come directly from this organization's own sworn 990 filing. Patterns are computed from years of filings — not assessments or judgments.

Read trends in context: compare like with like, note the filing year, and treat major disruptions (like 2020–2021) as discontinuities rather than a continuous baseline.

Missing or N/A does not always mean absent. It can mean the item was not disclosed on that form, not collected on that filing type, or not available for that year.

Accrual basisNo audit disclosedPart XII · TY2024
Total Revenueℹ️Form 990, Part VIII — Statement of Revenue. Includes contributions, grants, member dues, program service revenue, and investment income. Does NOT include borrowed funds or asset sales proceeds.

$1,270,049

Total Expensesℹ️Form 990, Part IX (full 990) or Part I Line 17 (990-EZ) — Total functional expenses. Includes program service expenses, management and general, and fundraising. The gap between revenue and expenses is the operating surplus or deficit for the year.

$2,466,795

Total Assetsℹ️Form 990, Part X — Balance Sheet, end of year. Includes cash, receivables, investments, land, buildings, and equipment.

$2,265,144

Net Assetsℹ️Form 990, Part X — Total assets minus total liabilities. Positive = financially solvent. Negative = liabilities exceed assets. Also called 'fund balance.'

-$5,443,642

22 W-2 employees reported (Form W-3, most recent filing — contractors and volunteers excluded) · TY2024 · 990

Total compensation, benefits & payroll taxes (Part IX)

TY2024

$767,957

Full cost to employ everyone — wages + employer benefits + payroll taxes. Not officer pay alone.

~$35,000 per employee average across 22 W-2 employees; includes benefits & payroll taxes; part-time and seasonal staff counted at full weight.

Named officers/key employees (Part VII‑A) show reportable compensation only and are already included in the Part IX total above. They are not additive.

Named staff org comp sums to $138,914. The remaining $629,043 is unlisted staff labor cost — includes benefits & payroll taxes for all employees, not any one person's salary.

Professional & consulting fees (Part IX, line 11)

TY2024

$181,905

Payments to outside firms and independent contractors — not included in the Part IX labor total above. Combined with the labor total, full people cost is $949,862.

Legal$2,540
Accounting$30,000
Lobbying$66,000
Other$83,365

Functional Expense Allocation (Part IX)

TY2024

$2,466,795total functional expenses

64.9%

Program services

$1,601,045

30.6%

Management & general

$755,750

0.0%

Fundraising

$0

Source: Form 990, Part IX, line 25. A higher program-service percentage generally indicates more mission-directed spending.

Historical Trends

Revenue vs. Expenses

Net Revenue / Operating Margin

Net Assets

Revenue Trend

Tax YearPeriodFormRevenueExpensesNet RevenueNet Assets
TY2016Before 2020990$672,231$426,250$245,981$272,844
TY2017Before 2020990$1,163,473$1,290,758-$127,285$140,819
TY2018Before 2020990$422,708$1,948,561-$1,525,853-$1,385,034
TY20212020–2021990$1,711,584$1,640,038$71,546-$4,824,537
TY20232022+990$1,134,648$2,143,082-$1,008,434-$4,219,441
TY20242022+990$1,270,049$2,466,795-$1,196,746-$5,443,642

Revenue trend is a filing-history view. It helps you compare operating periods, not infer the club's live condition today.

Revenue Breakdown (Part VIII — most recent year)

Form 990, Part VIII — Statement of Revenue. Includes, but is not limited to: Line 1 = contributions and grants (including member dues reported as contributions). Lines 2a–2f = program service revenue (activities that directly further the organization's exempt purpose). Line 3 = investment income. The specific mix varies by organization type. Source: the organization's own sworn filing.

LineDescriptionAmount
11aAIRBNB-$8,026
11bFITNESS & ERG CENTER-$68,183
11cEVENT & ROOM RENTAL-$56,640
12Total revenue$1,270,049
1cFundraising events$23,021
1eGovernment grants (contributions)$442,955
1fAll other contributions, gifts, grants$626,612
1gNoncash contributions included in 1a-1f$395,926
1hTotal contributions and grants$1,092,588
2aROWING$193,278
2bSAILING$105,105
2cOUTREACH$1,800
2dINDOOR TANKS$14,326
2fTotal program service revenue$314,509
3Investment income$5
6cNet rental income or (loss)-$35,936

Most revenue is reported in a single category this year. That can be normal for some org types; see the source filing for detail.

Balance Sheet (Part X)

TY2024
LineDescriptionBOYEOY
16Total assets$2,267,417$2,265,144
26Total liabilities$6,486,858$7,708,786
33Total net assets or fund balances-$4,219,441-$5,443,642

Source: Form 990, Part X, Balance Sheet.

Officers & Key Staff (Part VII)

How to read this section

This is not a full staff directory. It is the subset of people the organization had to disclose in Form 990, Part VII (the officer, director, trustee, key employee, and highest-compensated employee section of the filing). Why this matters: a missing name does not mean a person was not employed or involved.

Total Volunteer Board Hours/Week (Selected Year): 70

Hours per week are self-reported by each officer on Form 990, Part VII. They are not verified.

Officers and directors as reported on Form 990, Part VII. These are typically unpaid, elected positions. If an officer receives compensation, it will appear in the Paid Staff tab.

Operationally, this section is most useful for understanding disclosed leadership structure, compensation visibility, and board labor — not for reconstructing the full staffing model of a club.

NameTitleHours/WeekStatus
MICHAEL VARY JRDIRECTOR0.5Volunteer
SAM WAINERDIRECTOR1Volunteer
DEBBIE BERRYDIRECTOR0.5Volunteer
KEVIN MARTINDIRECTOR0.5Volunteer
CRAIG MARTINDIRECTOR2Volunteer
DANIEL GOURASHSECRETARY1Volunteer
MATTHEW J PREVITTSVP0.5Volunteer
SUMIT KATYALDIRECTOR0.5Volunteer
TOM EINHOUSEDIRECTOR1Volunteer
JEFF PATERSONDIRECTOR0.5Volunteer
GINA M TREBILCOCKEXECUTIVE DIRECTOR50Volunteer
ADRIAN SPRACKLENDIRECTOR0.5Volunteer
MICHAEL D TREBILCOCKCHAIRMAN10Volunteer
JOHN DEDINSKYTREASURER1Volunteer

Programs (Part III — most recent year)

Form 990, Part III — Statement of Program Service Accomplishments. These are the activities that directly further the organization's exempt purpose. Expenses, grants, and revenue are as reported in the organization's own sworn filing.

SAILING INSTRUCTION

Expenses: $261,849Revenue: $105,105

OUTREACH PROGRAMS TANF

Expenses: $285,738Revenue: $368,933

INDOOR ROWING TANK INSTRUCTION

Expenses: $42,968Revenue: $14,326

Governance & Transparency Signals

The IRS Form 990 is a sworn disclosure document — not just a tax return. Beyond financials, it captures governance policies, compensation practices, and relationships between insiders and the organization. Every category below comes directly from that filing. When a field is blank, it is often because this form type doesn’t require it, or the org doesn’t meet the threshold that triggers disclosure. That context is itself worth knowing.

Conflict of Interest Policy

Form 990, Part VI — Line 12a

Yes

This organization has a written conflict of interest policy requiring officers, directors, and key employees to disclose any personal financial interest in a pending decision — and to step back from that vote. Examples in the sailing world: a board member whose construction company is bidding on a dock renovation, or a director who refers their spouse’s firm for the annual audit. Having a policy doesn’t eliminate conflicts; it creates a documented process for surfacing and managing them. Only 41% of organizations in this corpus report having one.

Whistleblower Protection Policy

Form 990, Part VI — Line 13

⚠️ No

No whistleblower protection policy reported. Without a documented process, a staff member or volunteer who notices irregular transactions has no protected channel to report it — and no written assurance they won’t face consequences for raising the issue. The IRS added this question in 2008 following Sarbanes-Oxley. Absence does not imply wrongdoing; many small clubs haven’t formalized this in writing even when informal norms are healthy.

Officer & Key Employee Compensation (Part VII)

Form 990, Part VII — Named individuals with reportable compensation

Part VII requires individual disclosure of all officers, directors, trustees, key employees, and the five highest-compensated employees earning above the reporting threshold. The individuals listed here are from the most recent available filing.

NameTitleComp from Org
AARON MARCOVYEXECUTIVE DIRECTOR$106,974
TIM MCKENNABOARD MEMBER$15,000
NICK TURNEYDIRECTOR$14,400
DAVID HILDEBRANDTDIRECTOR$2,540

Compensation shown is reportable compensation from this organization only, as disclosed in Part VII. The $150,000 threshold is significant context: most volunteer-run sailing clubs report $0 for all officers. When professional staff — a General Manager, Executive Director, or Harbor Master — earns above that level, it signals an org operating more like a business than a volunteer collective. That’s not inherently good or bad: a $12M club with 45 full-time employees may well need a $200K GM. But a $400K club paying its Commodore $180K warrants scrutiny.

Independent Compensation Consultant

Schedule J, Part I — Organizations filing when comp exceeds $150K

Schedule J not required for this organization.

Schedule J is only filed when at least one individual in Part VII received more than $150,000 in total compensation. This organization doesn’t meet that threshold, so this schedule is not required. Among the 35.7% of organizations in this corpus that do file Schedule J, 35.7% used an independent compensation consultant. When Schedule J IS required, this question asks whether the board hired an outside firm — unconnected to the organization — to benchmark executive pay against market rates. It reduces the risk that a board approves whatever the ED requests rather than what comparable organizations actually pay.

Equity-Based Compensation

Schedule J, Part II — Per-person compensation detail

Schedule J not required for this organization.

Related-Party Transactions (Schedule L)

Schedule L — Transactions with Interested Persons (officers, directors, their families, controlled entities)

Schedule L requires disclosure of loans, grants, and business transactions between the organization and its own insiders — board members, officers, key employees, and their family members or entities they control. Nonprofits are not prohibited from transacting with insiders, but they must disclose it, follow fair-market-value standards, and document that the transaction benefited the organization, not just the insider. These disclosures exist because self-dealing is the most direct way nonprofit assets can flow to those in control.

19 transactions found across all available filing years. Sorted largest to most recent.

Person / EntityRelationshipTypeAmountYear
MCPC HOLDINGS INCDIRECTOR CONTROLLED ENTITYloan$5,017,4062024
MICHAEL T TREBILCOCKDIRECTORloan$2,429,0602024
MICHAEL TREBILCOCKDIRECTORloan$6,265,9402023
loan$02021
loan$02021
loan$02021
loan$02021
loan$02021
loan$02021
loan$02021
loan$02021
loan$02021

Showing 12 of 19 total transactions.

⚠️ Entity-controlled transactions detected. One or more transactions involve an entity owned or controlled by a board officer. Even if terms are fair, this is a related-party transaction of the highest order: the lender has direct influence over whether the loan is repaid, on what terms, and whether it was structured to benefit the club or themselves. Key questions: Was interest charged at market rate? Did a disinterested board majority approve it? Is there a documented repayment schedule?

📋 Context note. Where available, transactional context may be supplemented by audited financial statements or other independent disclosures that are not derived from 990 XML data alone. When an independent audit confirms the terms, repayment schedule, and arm's-length pricing of a related-party loan, the transaction carries a materially different risk profile than the 990 alone would suggest.

Voting Board Members

14

Independent Members

12

Total Employees

22

Total Volunteers

20

Schedule O — Supplemental Information (most recent year)

Organizations use Schedule O to provide additional explanation for answers given on the main 990 form. These are direct excerpts from the filed document.

Part VI, Line 11a

FORM 990 IS REVIEWED THE THE EXECUTIV MANAGEMENT TEAM

Mission

TO TRANSFORM THE LIVES OF CLEVELANDS YOUTH THROUGH ACCESS TO THE SPORTS OF ROWING AND SAILING.

As stated in the organization's 990 filing.

IRS Source Filings

Source filings are IRS e-file records in XML (Extensible Markup Language) format — a structured data standard used by the IRS for electronic filing. If you open one of these links, it will look like code. That's not an error — that's what XML looks like. Harbor Commons processes this raw XML and presents the structured, readable view you see above.

Why this matters: the XML is the receipt. Harbor Commons is the reading layer on top of that receipt. If you ever need to verify a number, wording choice, or disclosure, the source filing is where to check.

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