GREATER CINCINNATI MICROENTERPRISE INITIATIVE INCORPORATED

CINCINNATI, OH, 45237-1157 (513) 569-4816 Est. 1998 EIN 31-1595820

S43 - Small Business Development 990 - Public charity return 501(c)(3)

www.gcmi.org

Mission

To promote the development of business and enterprise in low-income neighborhoods by sponsoring and participating in business training, education, small business loans and ongoing support programs in the greater Cincinnati area.

Financials

Total Revenue

$677,149

Total Expenses

$567,437

Net Assets

$1,059,176

3 employees 18 volunteers

From latest filing (tax period ending 2023-12-31)

Financial Health

Operating Reserve

22.4 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 2.6%

Expenses ↑ 17.5%

Revenue Sources

Contributions 58.5% Earned revenue 40.7% Investment 0.8%

Expense Breakdown

Program 78.8% Management 21.2%

Officers & Key Employees (10)

Individual compensation is available on Grow plans.

Grants Received (25)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2023 990 - Public charity return Jan 1, 2023 to Dec 31, 2023	$677,149 ↑	$567,437	$1,059,176
2022 990 - Public charity return Jan 1, 2022 to Dec 31, 2022	$660,202 ↓	$482,861	$949,464
2021 990 - Public charity return Jan 1, 2021 to Dec 31, 2021	$1,161,853 ↑	$871,553	$772,123
2020 990 - Public charity return Jan 1, 2020 to Dec 31, 2020	$484,813 ↑	$516,532	$481,822
2019 990 - Public charity return Jan 1, 2019 to Dec 31, 2019	$400,053 ↑	$375,491	$513,541
2018 990 - Public charity return Jan 1, 2018 to Dec 31, 2018	$329,017	$361,780	$488,979