Community Economic Advancement Initiative Inc logo

Community Economic Advancement Initiative Inc

Foundation · Grantmaker Cincinnati, OH EIN: 32-0468156 Website

Create and support social, economic and cultural development in the arts, education, recreation, employment and spirituality which enhance ownership, connection, caring & kinship in the African-American commun

Key facts about Community Economic Advancement Initiative Inc

EIN
32-0468156
Latest 990 filing
Form 990 filing, 2024
Total assets
$1,037,586

Data from IRS Form 990 filing, 2024; updated September 2026.

Next steps with Community Economic Advancement Initiative Inc

Financial Overview

From 2024 IRS Form 990 filing · View filing

Total Assets

$1.0M

+47.9% YoY

Revenue

$19K

-94.8% YoY

Net Investment Income

$1K

Expenses

$211K

-29.8% YoY

About Community Economic Advancement Initiative Inc

Based on IRS filings

Community Economic Advancement Initiative Inc is a nonprofit organization focused on Crime & Legal Related, based in Cincinnati, OH. IRS filing data is available from 2021 through 2024. As of 2024, the organization holds $1.0M in total assets. Net investment income was $1K.

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Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$200K$400K$600K$800K2021202220232024
Metric202420232022
Total Assets$1,037,586$701,622$658,390
Revenue$18,702$358,840$291,912
Expenses$211,275$301,060$401,967
Qualifying Distributions———
Net Investment Income$1,376—$110,039
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2021–2024

Giving Over Time

Total grant dollars and number of grants per year

$0$10K$20K$30K0 grants20211 grants20220 grants20230 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 0 recipients in 2024

Grant Size Distribution

1 grants across all recorded years

1<$50K$50–100K$100–250K$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

No grants recorded for 2024.

Leadership & Key People

Officers and directors from IRS filings

Community Economic Advancement Initiative Inc is led by Damon Lynch III, Chairman on every filing since 2021; none of the 3 officers listed in 2024 report compensation.

Officers on the 2024 filing

  • Damon Lynch III

    Chairman

    On filings since 2021

    No compensation reported

  • Sil Watkins

    Director

    On filings since 2021

    20 hrs/week

    No compensation reported

  • Kz Smith

    Secretary

    On filings since 2021

    No compensation reported

Former officers (7)
  • Former: Angie Fairbanks (2021–2023) — Director
  • Former: Eugene Ellington Mpa (2021–2023) — Presidentceo
  • Former: Jerry Culbreath (2021–2023) — Director
  • Former: Kristen Kitchen (2021–2023) — Director
  • Former: Larry Burnett (2021–2023) — Treasurer
  • Former: Amber Kelly (2022–2023) — Director
  • Former: Iris Roley (2021) — Cochairman

Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Community Economic Advancement Initiative Inc?

Community Economic Advancement Initiative Inc is a nonprofit organization focused on Crime & Legal Related, based in Cincinnati, OH. It holds $1.0M in total assets as of 2024.

How large is Community Economic Advancement Initiative Inc?

As of 2024, Community Economic Advancement Initiative Inc holds $1.0M in total assets with $19K in annual revenue.

What is Community Economic Advancement Initiative Inc's EIN?

Community Economic Advancement Initiative Inc's EIN (Employer Identification Number) is 32-0468156. IRS Form 990 filing data is available on this page for 2021–2024.

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Data last updated September 2026. Sourced from IRS Form 990 filings.

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