The Twinsburg Community Improvement Corporation (CIC) was established in 2013 as a 501c(3) non–profit organization as provided in Chapter 1742 of the Ohio Revised Code for the purpose of advancing, encouraging, and promoting the industrial, economic, commercial, and civic development of Twinsburg.
Board of Trustees
The CIC is controlled by a nine-member Board of Trustees and includes an Executive Committee (President, Vice-President, and Secretary/Treasurer). All Board members serve without compensation. An Executive Director, designated by the Board, manages the day-to-day operations of the organization.
Appointments:
- Two Twinsburg business community members
- Selected and approved by the Trustees; shall serve two-year terms with no term limits
- Three Twinsburg residents
- Selected and approved by the Trustees; shall serve two-year terms with no term limits
- Two Twinsburg City Council representatives
- Appointed by the Mayor; shall serve two-year terms with no term limits
- One Twinsburg City School District representative
- Shall be a permanent position reserved for an individual designated by the Superintendent of the Twinsburg City School District
- The Mayor of the City of Twinsburg
- Shall serve terms commensurate with his/her elected office
Organizational Documents
The Twinsburg Community Improvement Corporation has adopted various policies and procedures to manage and lessen any risk related to error or fraudulent practices. Specific administrative policies have been put in place to manage property acquisition and disposal, use of funds granted by the City of Twinsburg, minimum meetings for the Board of Trustees, and the keeping of records. Further, financial control policies have been established providing for a chart of accounts, procedures for authorizing spending, and procedures related to the receipt of gifts and donations. As the TCIC has tax-exempt status, gifts to the TCIC may be allowable tax deductions.
Code of Regulations
The Twinsburg Community Improvement Corporation (TCIC) and its Trustees shall serve the economic development interests of the City of Twinsburg and the business community of the City of Twinsburg. The membership shall be established as set forth in Article 6 herein. READ: Code of Regulations
Administrative & Financial Controls Policy
In order to assure that efforts and finances of the Twinsburg Community Improvement Corporation (TCIC) are appropriately managed and to lessen risk associated with error or fraudulent practices the following policies and controls are adopted by the Board of Trustees and are hereby imposed on the officers and administrators of the TCIC. READ: Administrative & Financial Controls Policy
Conflict of Interest Policy
The purpose of this Board conflict of interest policy is to protect TCIC’s interests when it is contemplating entering into a transaction or arrangement that might benefit the private interests of an officer or director of TCIC or might result in a possible excess benefit transaction. READ: Conflict of Interest Policy
Twinsburg CIC – Goal Statement
Over-riding Goal: To advance, encourage, and promote the industrial, economic, commercial, distribution, research and civic development of the City of Twinsburg. READ: Goal Statement
IRS Tax Exemption
The Twinsburg CIC is exempt from federal income tax under Internal Revenue Code (IRC) Section 501(c)(3). Donors can deduct contributions they make to the CIC under IRC Section 170. READ: IRS Letter of Exemption
READ: State of Ohio Business Certificate