Civic Intelligence

Lorain County Chamber

990 • Fiscal year 2022 • EIN 34-1557587

Jan 01, 2022 to Dec 31, 2022 • Filed on Jul 17, 2023

Organization ProfileWWW.LORAINCOUNTYCHAMBER.COM

View Organization Page

226 Middle Avenue - 5th FloorElyria, OH 44035

(440) 328-2550

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

72nd percentile

0.09x

Higher debt load relative to assets than 72% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

69th percentile

0.06x

Higher debt load relative to revenue than 69% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Net Margin

27th percentile

-11%

Higher net margin than 27% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Top Officer Pay

96th percentile

$105,991

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 28.4% of source-year revenue.

2022 filings • 501(c)6 • <$500k nonprofits • Source year 2022

Asset Growth

17th percentile

-22%

Faster asset growth than 17% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

47th percentile

8.1%

Faster revenue growth than 47% of similar nonprofits.

2022 filings • 501(c)6 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets72nd percentile

Assets

Down

$238,548

Down $68,099 (-22%) from 2021

Net Assets

Down

$217,524

Down $19,424 (-8.2%) from 2021

Liabilities

Down

$21,024

Down $48,675 (-70%) from 2021

Revenue And Expenses
Liabilities / Revenue69th percentileNet Margin27th percentile

Revenue

Up

$373,474

Up $27,884 (+8.1%) from 2021

Expenses

Up

$412,898

Up $55,888 (+16%) from 2021

Net Income

Down

-$39,424

Down $28,004 (-245%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth17th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$400K$300K$200K$100K$0Assets 2016: $138,830Liabilities 2016: $4,238Net Assets 2016: $134,5922016Assets 2017: $165,075Liabilities 2017: $1,550Net Assets 2017: $163,5252017Assets 2018: $186,336Liabilities 2018: $3,094Net Assets 2018: $183,2422018Assets 2019: $205,696Liabilities 2019: $1,575Net Assets 2019: $204,1212019Assets 2020: $234,614Liabilities 2020: $6,246Net Assets 2020: $228,3682020Assets 2021: $306,647Liabilities 2021: $69,699Net Assets 2021: $236,9482021Assets 2022: $238,548Liabilities 2022: $21,024Net Assets 2022: $217,5242022Assets 2023: $240,658Liabilities 2023: $74,858Net Assets 2023: $165,8002023Assets 2024: $163,249Liabilities 2024: $50,156Net Assets 2024: $113,0932024

Highlighted filing

2022

Assets$238,548
Liabilities$21,024
Net Assets$217,524
Open 2022 Filing

Operations Trend

Revenue Growth47th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$600K$400K$200K$0-$200KRevenue 2016: $381,968Expenses 2016: $316,987Net Income 2016: $64,9812016Revenue 2017: $389,827Expenses 2017: $360,894Net Income 2017: $28,9332017Revenue 2018: $391,555Expenses 2018: $371,876Net Income 2018: $19,6792018Revenue 2019: $405,281Expenses 2019: $382,608Net Income 2019: $22,6732019Revenue 2020: $357,413Expenses 2020: $333,166Net Income 2020: $24,2472020Revenue 2021: $345,590Expenses 2021: $357,010Net Income 2021: -$11,4202021Revenue 2022: $373,474Expenses 2022: $412,898Net Income 2022: -$39,4242022Revenue 2023: $342,422Expenses 2023: $394,146Net Income 2023: -$51,7242023Revenue 2024: $384,891Expenses 2024: $437,598Net Income 2024: -$52,7072024

Highlighted filing

2022

Revenue$373,474
Expenses$412,898
Net Income-$39,424
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Jul 17, 2023
Return Version
2022v5.0
Gross Receipts
$426,256
Mission and Program Overview

Mission

To enhance the quality of life in lorain county through a unified and coordinated regional economic development program that provides leadership, maximizes resources, and emphasizes cooperation.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$304,497$227,685▼ $76,812
Land, Buildings, and Equipment, Net$2,150$10,863▲ $8,713
Total Assets$306,647$238,548▼ $68,099
Liabilities
Unsecured Notes Loans Payable$29,202--
Grants Payable$28,000--
Other Liabilities-$10,863-
Accounts Payable and Accrued Expenses$12,497$10,161▼ $2,336
Total Liabilities$69,699$21,024▼ $48,675
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$236,948$217,524▼ $19,424
Total Net Assets Fund Balance$236,948$217,524▼ $19,424
Total Liabilities and Net Assets / Fund Balance$306,647$238,548▼ $68,099

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$10,863$90,694$101,557
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Anthony GalloPresidentFT$105,991$105,991

Board Members and Trustees

NameTitle
Kevin KnightChairman
Ed SkiminPast Chairma
Brian JankowskiTrustee
Darryl TuckerTrustee
Gayle De La PorteTrustee
Jamie HartTrustee
Jason CoeTrustee
John BryanTrustee
Jon CromlingTrustee
Kevin NelsonTrustee
Kurt RaicevichTrustee
Larry SansomTrustee
Maggie RiveraTrustee
Marcia BallingerTrustee
Michele WilliamsonTrustee
Mike HerrickTrustee
Ryan FlaniganTrustee
Tom KramigTrustee
Sharon PearsonAt Large
Lisa HutsonSecretary
Chris MeadTreasurer
Philip AmosVice Charima
Revenue and Support

Revenue Composition

Contributions and Grants
$229,716
Program Service Revenue
$57,711
Investment Income
$0
Other Revenue
$86,047
Change in Net Assets
$-39,424
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$314,789
Other Expenses$98,109
Total Fundraising Expense$70,380
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$137,342$46,773$46,773$230,888
Other Employee Benefits$39,443$13,432$13,432$66,307
Fees for Services Management$25,385$6,221-$31,606
Office Expenses$13,153$6,970$2,192$22,315
Occupancy$12,000$6,000$2,000$20,000
Payroll Taxes$10,466$3,564$3,564$17,594
Information Technology$5,099$2,549$850$8,498
Fees for Services Accounting$4,842$2,421$807$8,070
Insurance$3,282$1,641$547$5,470
Depreciation Depletion$1,290$645$215$2,150
Total Functional Expenses$252,302$90,216$70,380$412,898
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$101,498
Fundraising Direct Expenses$52,782
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Golf Outing$35,076$35,076$18,086$16,990
Business Expo$27,690$27,690$7,204$20,486
Total Events$100,479$100,479$49,856$50,623
Political and Lobbying Activity
Political campaign activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$10,863
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

“Will distribute draft copy to board before filing.”

Form 990, Page 6, Part VI, Line 15A

“Per board review and approval.”

Form 990, Page 6, Part VI, Line 15B

“Per board review and approval.”

Form 990, Page 6, Part VI, Line 19

“Upon request with the organization or executive committee.”

Filing and Contact Details

Filer

Filer Name
Lorain County Chamber
EIN
34-1557587
Phone
4403282550
Address
226 MIDDLE AVENUE - 5TH FLOOR, ELYRIA, OH 44035

Signing Officer

Name
Anthony Gallo
Title
President
Phone
4403282550
Signed
2023-07-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Anthony Gallo
Formed
1988
Legal Domicile
Oh
Voting Board Members
23
Independent Board Members
22
Employees
3

Preparer

Firm
Elek & Noss LLC
Address
PO BOX 250, GRAFTON, OH 44044-0250
Preparer
Gregory J Elek CPA
Phone
4409269300
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

“To enhance the quality of life in lorain county through a unified and coordinated regional economic development program that provides leadership, maximizes resources, and emphasizes cooperation.”

Form 990, Page 2, Part III, Line 4D

“To enhance the quality of life in lorain county through a unified and coordinated regional economic development program that provides leadership, maximized resources, and emphasizes cooperation.”

Raw XML AppendixShowing 400 of 448 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0true
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt012497
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt010161
IRS990/AcctCompileOrReviewBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0TO ENHANCE THE QUALITY OF LIFE IN LORAIN COUNTY THROUGH A UNIFIED AND COORDINATED REGIONAL ECONOMIC DEVELOPMENT PROGRAM THAT PROVIDES LEADERSHIP, MAXIMIZES RESOURCES, AND EMPHASIZES COOPERATION.
IRS990/BooksInCareOfDetail/PersonNm0KRISTINE KUHN
IRS990/BooksInCareOfDetail/PhoneNum04403282550
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0226 MIDDLE AVENUE
IRS990/BooksInCareOfDetail/USAddress/AddressLine2Txt05TH FLOOR
IRS990/BooksInCareOfDetail/USAddress/CityNm0ELYRIA
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd044035
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0304497
IRS990/CashNonInterestBearingGrp/EOYAmt0227685
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0true
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0229716
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt098109
IRS990/CYOtherRevenueAmt086047
IRS990/CYProgramServiceRevenueAmt057711
IRS990/CYRevenuesLessExpensesAmt0-39424
IRS990/CYSalariesCompEmpBnftPaidAmt0314789
IRS990/CYTotalExpensesAmt0412898
IRS990/CYTotalFundraisingExpenseAmt070380
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0373474
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/FundraisingAmt0215
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt0645
IRS990/DepreciationDepletionGrp/ProgramServicesAmt01290
IRS990/DepreciationDepletionGrp/TotalAmt02150
IRS990/Desc0TO ENHANCE THE QUALITY OF LIFE IN LORAIN COUNTY THROUGH A UNIFIED AND COORDINATED REGIONAL ECONOMIC DEVELOPMENT PROGRAM THAT PROVIDES LEADERSHIP, MAXIMIZED RESOURCES, AND EMPHASIZES COOPERATION.
IRS990/DescribedInSection501c3Ind0false
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonatedServicesAndUseFcltsAmt020000
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRstrOrQuasiEndowmentsInd0false
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt03
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/ExpenseAmt0252302
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/FundraisingAmt0807
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt02421
IRS990/FeesForServicesAccountingGrp/ProgramServicesAmt04842
IRS990/FeesForServicesAccountingGrp/TotalAmt08070
IRS990/FeesForServicesManagementGrp/ManagementAndGeneralAmt06221
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt025385
IRS990/FeesForServicesManagementGrp/TotalAmt031606
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt040.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd14X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd15X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd16X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd17X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd18X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd19X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd20X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd21X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt150
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt160
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt170
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt180
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt190
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt200
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt210
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt220
IRS990/Form990PartVIISectionAGrp/PersonNm0ANTHONY GALLO
IRS990/Form990PartVIISectionAGrp/PersonNm1PHILIP AMOS
IRS990/Form990PartVIISectionAGrp/PersonNm2MARCIA BALLINGER
IRS990/Form990PartVIISectionAGrp/PersonNm3JOHN BRYAN
IRS990/Form990PartVIISectionAGrp/PersonNm4JASON COE
IRS990/Form990PartVIISectionAGrp/PersonNm5JON CROMLING
IRS990/Form990PartVIISectionAGrp/PersonNm6RYAN FLANIGAN
IRS990/Form990PartVIISectionAGrp/PersonNm7JAMIE HART
IRS990/Form990PartVIISectionAGrp/PersonNm8MIKE HERRICK
IRS990/Form990PartVIISectionAGrp/PersonNm9LISA HUTSON
IRS990/Form990PartVIISectionAGrp/PersonNm10BRIAN JANKOWSKI
IRS990/Form990PartVIISectionAGrp/PersonNm11KEVIN KNIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm12TOM KRAMIG
IRS990/Form990PartVIISectionAGrp/PersonNm13CHRIS MEAD
IRS990/Form990PartVIISectionAGrp/PersonNm14KEVIN NELSON
IRS990/Form990PartVIISectionAGrp/PersonNm15SHARON PEARSON
IRS990/Form990PartVIISectionAGrp/PersonNm16GAYLE DE LA PORTE
IRS990/Form990PartVIISectionAGrp/PersonNm17KURT RAICEVICH
IRS990/Form990PartVIISectionAGrp/PersonNm18MAGGIE RIVERA
IRS990/Form990PartVIISectionAGrp/PersonNm19ED SKIMIN
IRS990/Form990PartVIISectionAGrp/PersonNm20LARRY SANSOM
IRS990/Form990PartVIISectionAGrp/PersonNm21DARRYL TUCKER
IRS990/Form990PartVIISectionAGrp/PersonNm22MICHELE WILLIAMSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt0105991
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt220
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt180
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt190
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt200
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt210
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt220
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHARIMA
IRS990/Form990PartVIISectionAGrp/TitleTxt2TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt3TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15AT LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt18TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt19PAST CHAIRMA
IRS990/Form990PartVIISectionAGrp/TitleTxt20TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt21TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt22TRUSTEE
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01988
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedInd0false
IRS990/FundraisingActivitiesInd0true
IRS990/FundraisingDirectExpensesAmt052782
IRS990/FundraisingGrossIncomeAmt0101498
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt023
IRS990/GrantsPayableGrp/BOYAmt028000
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0426256
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt022
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/FundraisingAmt0850
IRS990/InformationTechnologyGrp/ManagementAndGeneralAmt02549
IRS990/InformationTechnologyGrp/ProgramServicesAmt05099
IRS990/InformationTechnologyGrp/TotalAmt08498
IRS990/InsuranceGrp/FundraisingAmt0547
IRS990/InsuranceGrp/ManagementAndGeneralAmt01641
IRS990/InsuranceGrp/ProgramServicesAmt03282
IRS990/InsuranceGrp/TotalAmt05470
IRS990/InvestmentInJointVentureInd0false
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt090694
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02150
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010863
IRS990/LandBldgEquipCostOrOtherBssAmt0101557
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembershipDuesAmt0229716
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingCashInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MiscellaneousRevenueGrp/RelatedOrExemptFuncIncomeAmt0318
IRS990/MiscellaneousRevenueGrp/TotalRevenueColumnAmt0318
IRS990/MissionDesc0TO ENHANCE THE QUALITY OF LIFE IN LORAIN COUNTY THROUGH A UNIFIED AND COORDINATED REGIONAL ECONOMIC DEVELOPMENT PROGRAM THAT PROVIDES LEADERSHIP, MAXIMIZES RESOURCES, AND EMPHASIZES COOPERATION.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt0236948
IRS990/NetAssetsOrFundBalancesEOYAmt0217524
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt048716
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0236948
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0217524
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/FundraisingAmt02000
IRS990/OccupancyGrp/ManagementAndGeneralAmt06000
IRS990/OccupancyGrp/ProgramServicesAmt012000
IRS990/OccupancyGrp/TotalAmt020000
IRS990/OfficeExpensesGrp/FundraisingAmt02192
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06970
IRS990/OfficeExpensesGrp/ProgramServicesAmt013153
IRS990/OfficeExpensesGrp/TotalAmt022315
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/FundraisingAmt013432
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt013432
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt039443
IRS990/OtherEmployeeBenefitsGrp/TotalAmt066307
IRS990/OtherLiabilitiesGrp/EOYAmt010863
IRS990/OtherRevenueMiscGrp/Desc0PPP LOAN FORGIVNESS
IRS990/OtherRevenueMiscGrp/Desc1BOARD/STAFF
IRS990/OtherRevenueMiscGrp/Desc2MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt029202
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt16511
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt21300
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt029202
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt16511
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt21300
IRS990/OtherRevenueTotalAmt037331
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt046773
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt046773
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0137342
IRS990/OtherSalariesAndWagesGrp/TotalAmt0230888
IRS990/PartialLiquidationInd0false
IRS990/PayrollTaxesGrp/FundraisingAmt03564
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03564
IRS990/PayrollTaxesGrp/ProgramServicesAmt010466
IRS990/PayrollTaxesGrp/TotalAmt017594
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0ANTHONY GALLO
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0BUSINESS DEVELOPMENT, NET
IRS990/ProgramServiceRevenueGrp/Desc1GOVERNMENT AFFAIRS, NET
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt055505
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12206
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt055505
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12206
IRS990/ProgSrvcAccomActyOtherGrp/Desc0TO ENHANCE THE QUALITY OF LIFE IN LORAIN COUNTY THROUGH A UNIFIED AND COORDINATED REGIONAL ECONOMIC DEVELOPMENT PROGRAM THAT PROVIDES LEADERSHIP, MAXIMIZED RESOURCES, AND EMPHASIZES COOPERATION.
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0225672
IRS990/PYOtherExpensesAmt093975
IRS990/PYOtherRevenueAmt074611
IRS990/PYProgramServiceRevenueAmt045307
IRS990/PYRevenuesLessExpensesAmt0-11420
IRS990/PYSalariesCompEmpBnftPaidAmt0263035
IRS990/PYTotalExpensesAmt0357010
IRS990/PYTotalRevenueAmt0345590
IRS990/ReconcilationRevenueExpnssAmt0-39424
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/ScheduleBRequiredInd0false
IRS990ScheduleD/EquipmentGrp/BookValueAmt010863
IRS990ScheduleD/EquipmentGrp/DepreciationAmt090694
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0101557
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt010863
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010863
IRS990ScheduleD/TotalLiabilityAmt010863
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt049856
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0GOLF OUTING
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0BUSINESS EXPO
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt035076
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt027690
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt037713
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0100479
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt035076
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt027690
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt037713
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0100479
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt050623
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt024566
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt049856
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt018086
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt07204
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0TO ENHANCE THE QUALITY OF LIFE IN LORAIN COUNTY THROUGH A UNIFIED AND COORDINATED REGIONAL ECONOMIC DEVELOPMENT PROGRAM THAT PROVIDES LEADERSHIP, MAXIMIZES RESOURCES, AND EMPHASIZES COOPERATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1TO ENHANCE THE QUALITY OF LIFE IN LORAIN COUNTY THROUGH A UNIFIED AND COORDINATED REGIONAL ECONOMIC DEVELOPMENT PROGRAM THAT PROVIDES LEADERSHIP, MAXIMIZED RESOURCES, AND EMPHASIZES COOPERATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2WILL DISTRIBUTE DRAFT COPY TO BOARD BEFORE FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PER BOARD REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4PER BOARD REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5UPON REQUEST WITH THE ORGANIZATION OR EXECUTIVE COMMITTEE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 19
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0OH
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0306647
IRS990/TotalAssetsEOYAmt0238548
IRS990/TotalAssetsGrp/BOYAmt0306647
IRS990/TotalAssetsGrp/EOYAmt0238548
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0229716
IRS990/TotalEmployeeCnt03
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt070380
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt090216
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt0252302
IRS990/TotalFunctionalExpensesGrp/TotalAmt0412898
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt069699
IRS990/TotalLiabilitiesEOYAmt021024
IRS990/TotalLiabilitiesGrp/BOYAmt069699
IRS990/TotalLiabilitiesGrp/EOYAmt021024
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0236948
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0217524
IRS990/TotalProgramServiceExpensesAmt0252302
IRS990/TotalProgramServiceRevenueAmt057711
IRS990/TotalReportableCompFromOrgAmt0105991

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$238,548
Liabilities
$21,024
Net assets
$217,524
Revenue
$373,474
Expenses
$412,898
Net income
-$39,424
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.63$0.50$1.13$3.85$4.38$0.53
2023Detailed filing. Detailed filing data is available for this year.$2.41$0.75$1.66$3.42$3.94$0.52
2022Detailed filing. Detailed filing data is available for this year.$2.39$0.21$2.18$3.73$4.13$0.39
2021Detailed filing. Detailed filing data is available for this year.$3.07$0.70$2.37$3.46$3.57$0.11
2020Detailed filing. Detailed filing data is available for this year.$2.35$0.06$2.28$3.57$3.33$0.24
2019Detailed filing. Detailed filing data is available for this year.$2.06$0.02$2.04$4.05$3.83$0.23
2018Detailed filing. Detailed filing data is available for this year.$1.86$0.03$1.83$3.92$3.72$0.20
2017Detailed filing. Detailed filing data is available for this year.$1.65$0.02$1.64$3.90$3.61$0.29
2016Detailed filing. Detailed filing data is available for this year.$1.39$0.04$1.35$3.82$3.17$0.65