Civic Intelligence

Lucas County Economic Development Corp (Fka Lucas County Improvement Corp)

990 • Fiscal year 2022 • EIN 42-1711239

Jan 01, 2022 to Dec 31, 2022 • Filed on Nov 15, 2023

One Government Center 800Toledo, OH 43604

(419) 213-4604

Siviq Scores

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

Liabilities / Assets

92nd percentile

0.94x

Higher debt load relative to assets than 92% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Liabilities / Revenue

98th percentile

20.04x

Higher debt load relative to revenue than 98% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Net Margin

54th percentile

8.2%

Higher net margin than 54% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2022

Asset Growth

74th percentile

11%

Faster asset growth than 74% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Revenue Growth

93rd percentile

111%

Faster revenue growth than 93% of similar nonprofits.

2022 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2021 to 2022

Assets

Up

$43,278,006

Up $4,388,558 (+11%) from 2021

Net Assets

Up

$2,793,528

Up $165,514 (+6.3%) from 2021

Liabilities

Up

$40,484,478

Up $4,223,044 (+12%) from 2021

Revenue

Up

$2,020,086

Up $1,062,383 (+111%) from 2021

Expenses

Up

$1,854,572

Up $852,888 (+85%) from 2021

Net Income

Up

$165,514

Up $209,495 (+476%) from 2021

Historical Trend

Balance Sheet Trend

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

$100M$50M$0Assets 2011: $260,933Liabilities 2011: $32,432Net Assets 2011: $228,5012011Assets 2012: $278,050Liabilities 2012: $41,093Net Assets 2012: $236,9572012Assets 2013: $280,004Liabilities 2013: $24,571Net Assets 2013: $255,4332013Assets 2014: $1,493,850Liabilities 2014: $14,965Net Assets 2014: $1,478,8852014Assets 2015: $1,615,880Liabilities 2015: $132,322Net Assets 2015: $1,483,5582015Assets 2016: $3,965,667Liabilities 2016: $18,345Net Assets 2016: $3,947,3222016Assets 2017: $3,985,946Liabilities 2017: $13,195Net Assets 2017: $3,972,7512017Assets 2018: $4,181,047Liabilities 2018: $71,004Net Assets 2018: $4,110,0432018Assets 2019: $6,687,964Liabilities 2019: $371,208Net Assets 2019: $6,316,7562019Assets 2020: $40,408,382Liabilities 2020: $37,699,883Net Assets 2020: $2,708,4992020Assets 2021: $38,889,448Liabilities 2021: $36,261,434Net Assets 2021: $2,628,0142021Assets 2022: $43,278,006Liabilities 2022: $40,484,478Net Assets 2022: $2,793,5282022Assets 2023: $44,374,868Liabilities 2023: $40,201,171Net Assets 2023: $4,173,6972023Assets 2024: $88,129,983Liabilities 2024: $84,164,684Net Assets 2024: $3,965,2992024

Highlighted filing

2022

Assets$43,278,006
Liabilities$40,484,478
Net Assets$2,793,528

Operations Trend

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

$10M$5.0M$0-$5.0MRevenue 2011: $730,971Expenses 2011: $692,359Net Income 2011: $38,6122011Expenses 2012: $604,6152012Revenue 2013: $506,960Expenses 2013: $478,287Net Income 2013: $28,6732013Revenue 2014: $1,721,739Expenses 2014: $498,287Net Income 2014: $1,223,4522014Revenue 2015: $1,282,996Expenses 2015: $1,278,323Net Income 2015: $4,6732015Revenue 2016: $2,527,496Expenses 2016: $63,732Net Income 2016: $2,463,7642016Revenue 2017: $187,535Expenses 2017: $162,106Net Income 2017: $25,4292017Revenue 2018: $376,137Expenses 2018: $238,845Net Income 2018: $137,2922018Revenue 2019: $3,211,616Expenses 2019: $1,333,768Net Income 2019: $1,877,8482019Revenue 2020: $542,985Expenses 2020: $3,820,734Net Income 2020: -$3,277,7492020Revenue 2021: $957,703Expenses 2021: $1,001,684Net Income 2021: -$43,9812021Revenue 2022: $2,020,086Expenses 2022: $1,854,572Net Income 2022: $165,5142022Revenue 2023: $4,608,812Expenses 2023: $3,228,643Net Income 2023: $1,380,1692023Revenue 2024: $5,120,679Expenses 2024: $5,059,011Net Income 2024: $61,6682024

Highlighted filing

2022

Revenue$2,020,086
Expenses$1,854,572
Net Income$165,514
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Nov 15, 2023
Return Version
2022v5.0
Gross Receipts
$2,020,086
Mission and Program Overview

Mission

The organization is dedicated to developing the economic potential of the toledo region by providing the best resources, planning, and expertise to industry and government.

To promote, advance and encourage the economic, industrial, commercial and civic development.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Program Related$38,682,223$42,336,584▲ $3,654,361
Accounts Receivable$75,619$596,613▲ $520,994
Cash and Non-Interest-Bearing Accounts$103,577$281,537▲ $177,960
Prepaid Expenses and Deferred Charges$28,029$63,272▲ $35,243
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$38,889,448$43,278,006▲ $4,388,558
Liabilities
Mortgage Notes Payable Secured by Investment Property$36,157,702$39,866,401▲ $3,708,699
Accounts Payable and Accrued Expenses$103,732$541,577▲ $437,845
Deferred Revenue-$76,500-
Total Liabilities$36,261,434$40,484,478▲ $4,223,044
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,628,014$2,793,528▲ $165,514
Total Net Assets Fund Balance$2,628,014$2,793,528▲ $165,514
Total Liabilities and Net Assets / Fund Balance$38,889,448$43,278,006▲ $4,388,558

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$34,518$34,518
Investment Program Related Org$2,411,401--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Neal MahoneyChairman
Doug BornPresident
Megan CasierePresident Until October 2022
Gary ByersBoard Member
Lisa SobeckiBoard Member
Peter GerkenBoard Member
Teresa MooreBoard Member
Tina Skeldon WozniakBoard Member
Kimberly CutcherSecretary
Jessica FordTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Thread MarketingMarketing4635 W ALEXIS RD, Toledo, OH 43623$396,829
Pizzuti Solutions LLCDevelopment629 N HIGH, Columbus, OH 43215$217,743
Shumaker Loop And Kendrick LLPLegal1000 JACKSON ST, Toledo, OH 43604$193,896
Revenue and Support

Revenue Composition

Contributions and Grants
$918,466
Program Service Revenue
$105,775
Investment Income
$995,845
Other Revenue
$0
All Other Contributions
$546,200
Change in Net Assets
$165,514
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$1,854,572
Total Fundraising Expense$12,835
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$995,845--$995,845
Fees for Services Other$317,428--$317,428
Fees for Services Legal$167,000$29,910-$196,910
Fees for Services Accounting-$98,576-$98,576
Insurance-$32,704$12,835$45,539
Advertising$39,679--$39,679
Occupancy$3,697--$3,697
Other Expenses$3,550$31,421-$3,550
Office Expenses-$1,686-$1,686
All Other Expenses-$859-$859
Total Functional Expenses$1,646,581$195,156$12,835$1,854,572
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
No
Backup withholding compliance
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

There is no committee to act on behalf of the governing body.

Form 990, Part VI, Section B, Line 11B

The form 990 will be reviewed by the president or treasurer before filing and will be provided to the members at the board meeting for approval.

Form 990, Part VI, Section C, Line 18

Form 990 will be available through guidestar website at www.guidestar.org, and available upon request.

Form 990, Part VI, Section C, Line 19

The organization's dovuments are available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Lucas County Economic Development
EIN
42-1711239
Phone
4192134604
Address
ONE GOVERNMENT CENTER 800, TOLEDO, OH 43604

Signing Officer

Name
Matt Heyrman
Title
President
Phone
4192134604
Signed
2023-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Heyrman
Formed
1964
Legal Domicile
Oh
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
5

Preparer

Firm
Cliftonlarsonallen Llp
Address
1785 INDIAN WOOD CIRCLE, MAUMEE, OH 43537
Preparer
Heidi Ferguson
Phone
4197942000
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Miscellaneous: program service expenses 3,977. Management and general expenses 0. Fundraising expenses 0. Total expenses 3,977. Security: program service expenses 2,655. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,655. Thread event planning & management: program service expenses 310,796. Management and general expenses 0. Fundraising expenses 0. Total expenses 310,796.

Financial Statement Notes

PART X, LINE 2:

The corporation has evaluated the guidelines related to uncertain tax positions and has concluded that the corporation has no significant financial statement exposure to uncertain tax positions at december 31, 2022 and 2021. The corporation's federal income tax returns for the years subsequent to 2017 remain subject to examination by the internal revenue service.

Raw XML AppendixShowing 400 of 549 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/AccountantCompileOrReviewInd01
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt0103732
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0541577
IRS990/AccountsReceivableGrp/BOYAmt075619
IRS990/AccountsReceivableGrp/EOYAmt0596613
IRS990/AcctCompileOrReviewBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROMOTE, ADVANCE AND ENCOURAGE THE ECONOMIC, INDUSTRIAL, COMMERCIAL AND CIVIC DEVELOPMENT.
IRS990/AdvertisingGrp/ProgramServicesAmt039679
IRS990/AdvertisingGrp/TotalAmt039679
IRS990/AllOtherContributionsAmt0546200
IRS990/AllOtherExpensesGrp/ManagementAndGeneralAmt0859
IRS990/AllOtherExpensesGrp/TotalAmt0859
IRS990/AuditCommitteeInd00
IRS990/BackupWthldComplianceInd01
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MATT HEYRMAN
IRS990/BooksInCareOfDetail/PhoneNum04192134545
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0ONE GOVERNMENT CENTER STE 800
IRS990/BooksInCareOfDetail/USAddress/CityNm0TOLEDO
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0OH
IRS990/BooksInCareOfDetail/USAddress/ZIPCd043604
IRS990/BusinessRlnWith35CtrlEntInd00
IRS990/BusinessRlnWithFamMemInd00
IRS990/BusinessRlnWithOrgMemInd00
IRS990/CashNonInterestBearingGrp/BOYAmt0103577
IRS990/CashNonInterestBearingGrp/EOYAmt0281537
IRS990/ChangeToOrgDocumentsInd00
IRS990/CntrctRcvdGreaterThan100KCnt03
IRS990/CollectionsOfArtInd00
IRS990/CompensationFromOtherSrcsInd00
IRS990/CompensationProcessCEOInd00
IRS990/CompensationProcessOtherInd00
IRS990/ConflictOfInterestPolicyInd00
IRS990/ConservationEasementsInd00
IRS990/ConsolidatedAuditFinclStmtInd01
IRS990/ContractorCompensationGrp/CompensationAmt0396829
IRS990/ContractorCompensationGrp/CompensationAmt1217743
IRS990/ContractorCompensationGrp/CompensationAmt2193896
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt04635 W ALEXIS RD
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt1629 N HIGH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/AddressLine1Txt21000 JACKSON ST
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm0TOLEDO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm1COLUMBUS
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/CityNm2TOLEDO
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd0OH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd1OH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/StateAbbreviationCd2OH
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd043623
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd143215
IRS990/ContractorCompensationGrp/ContractorAddress/USAddress/ZIPCd243604
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt0THREAD MARKETING
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt1PIZZUTI SOLUTIONS LLC
IRS990/ContractorCompensationGrp/ContractorName/BusinessName/BusinessNameLine1Txt2SHUMAKER LOOP AND KENDRICK LLP
IRS990/ContractorCompensationGrp/ServicesDesc0MARKETING
IRS990/ContractorCompensationGrp/ServicesDesc1DEVELOPMENT
IRS990/ContractorCompensationGrp/ServicesDesc2LEGAL
IRS990/CreditCounselingInd00
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0918466
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt0995845
IRS990/CYOtherExpensesAmt01854572
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt0105775
IRS990/CYRevenuesLessExpensesAmt0165514
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt01854572
IRS990/CYTotalFundraisingExpenseAmt012835
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt02020086
IRS990/DecisionsSubjectToApprovaInd00
IRS990/DeductibleArtContributionInd00
IRS990/DeductibleNonCashContriInd00
IRS990/DeferredRevenueGrp/EOYAmt076500
IRS990/DelegationOfMgmtDutiesInd00
IRS990/Desc0AS THE DESIGNATED COMMUNITY IMPROVEMENT CORPORATION FOR THE LUCAS COUNTY COMMISSIONERS, THE LUCAS COUNTY ECONOMIC DEVELOPMENT CORPORATION (LCEDC) WORKS TO PROMTE THE INDUSTRIAL, ECONOMIC, COMMERCIAL, AND CIVIC DEVELOPMENT OF LUCAS COUNTY. THROUGH STRATEGIC INVESTMENT, THE LCEDC IMPROVES EMPLOYMENT OPPORTUNITIES AND ADVANCES THE INDUSTRIAL AND COMMERCIAL LIFE OF THE COMMUNITY.
IRS990/DescribedInSection501c3Ind01
IRS990/DisregardedEntityInd01
IRS990/DocumentRetentionPolicyInd00
IRS990/DonorAdvisedFundInd00
IRS990/DonorRstrOrQuasiEndowmentsInd00
IRS990/ElectionOfBoardMembersInd00
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd00
IRS990/ExpenseAmt01172624
IRS990/FamilyOrBusinessRlnInd00
IRS990/FederalGrantAuditRequiredInd00
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt098576
IRS990/FeesForServicesAccountingGrp/TotalAmt098576
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt029910
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt0167000
IRS990/FeesForServicesLegalGrp/TotalAmt0196910
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt0317428
IRS990/FeesForServicesOtherGrp/TotalAmt0317428
IRS990/ForeignActivitiesInd00
IRS990/ForeignFinancialAccountInd00
IRS990/ForeignOfficeInd00
IRS990/Form8282PropertyDisposedOfInd00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt20.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt30.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt40.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt50.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt60.50
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
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/PersonNm0KIMBERLY CUTCHER
IRS990/Form990PartVIISectionAGrp/PersonNm1NEAL MAHONEY
IRS990/Form990PartVIISectionAGrp/PersonNm2PETER GERKEN
IRS990/Form990PartVIISectionAGrp/PersonNm3TINA SKELDON WOZNIAK
IRS990/Form990PartVIISectionAGrp/PersonNm4TERESA MOORE
IRS990/Form990PartVIISectionAGrp/PersonNm5LISA SOBECKI
IRS990/Form990PartVIISectionAGrp/PersonNm6GARY BYERS
IRS990/Form990PartVIISectionAGrp/PersonNm7MEGAN CASIERE
IRS990/Form990PartVIISectionAGrp/PersonNm8DOUG BORN
IRS990/Form990PartVIISectionAGrp/PersonNm9JESSICA FORD
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
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/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/TitleTxt0SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt1CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt4BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7PRESIDENT UNTIL OCTOBER 2022
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9TREASURER
IRS990/Form990ProvidedToGvrnBodyInd00
IRS990/FormationYr01964
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt05
IRS990/GovernmentGrantsAmt0372266
IRS990/GrantAmt00
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt02020086
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt05
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIXInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/FundraisingAmt012835
IRS990/InsuranceGrp/ManagementAndGeneralAmt032704
IRS990/InsuranceGrp/TotalAmt045539
IRS990/InterestGrp/ProgramServicesAmt0995845
IRS990/InterestGrp/TotalAmt0995845
IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt0995845
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0995845
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsProgramRelatedGrp/BOYAmt038682223
IRS990/InvestmentsProgramRelatedGrp/EOYAmt042336584
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt034518
IRS990/LandBldgEquipBasisNetGrp/BOYAmt00
IRS990/LandBldgEquipBasisNetGrp/EOYAmt00
IRS990/LandBldgEquipCostOrOtherBssAmt034518
IRS990/LegalDomicileStateCd0OH
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0LUCAS COUNTY ECONOMIC DEVELOPMENT CORPORATION WAS ORGANIZED FOR THE PURPOSE OF PROMOTING, ADVANCING, AND ENCOURAGING THE INDUSTRIAL, ECONOMIC, COMMERCIAL, AND CIVIC DEVELOPMENT OF LUCAS COUNTY AND THE SURROUNDING AREA.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt036157702
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt039866401
IRS990/NetAssetsOrFundBalancesBOYAmt02628014
IRS990/NetAssetsOrFundBalancesEOYAmt02793528
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02628014
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02793528
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt03697
IRS990/OccupancyGrp/TotalAmt03697
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01686
IRS990/OfficeExpensesGrp/TotalAmt01686
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc1VOLUNTEER EXP
IRS990/OtherExpensesGrp/Desc2ENTERTAINMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt031421
IRS990/OtherExpensesGrp/ProgramServicesAmt0119382
IRS990/OtherExpensesGrp/ProgramServicesAmt13550
IRS990/OtherExpensesGrp/TotalAmt0119382
IRS990/OtherExpensesGrp/TotalAmt131421
IRS990/OtherExpensesGrp/TotalAmt23550
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028029
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt063272
IRS990/PrincipalOfficerNm0MATT HEYRMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0PROGRAM SPONSORSHIP
IRS990/ProgramServiceRevenueGrp/Desc1LOSS ON LLC INVESTMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0160113
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1-54338
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0160113
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1-54338
IRS990/ProgSrvcAccomActy2Grp/Desc0TOLEDO JEEPFEST CONDUCTED A COMMUNITY EVENT TO PROMOTE DECADES OF JEEP'S PARTNERSHIP WITH THE CITY OF TOLEDO.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0473957
IRS990/ProgSrvcAccomActy2Grp/GrantAmt00
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0160113
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0579175
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0161797
IRS990/PYOtherExpensesAmt01001684
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0216731
IRS990/PYRevenuesLessExpensesAmt0-43981
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01001684
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0957703
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0165514
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt0941507
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2018 AMOUNT: $ -303. 2019 AMOUNT: $ 24,809.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0918466
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0604175
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0524189
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt03185164
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0400000
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt05631994
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0995845
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0161797
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt022140
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt01179782
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0376844
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt024809
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0-303
IRS990ScheduleA/OtherIncome170Grp/TotalAmt024506
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.82380
IRS990ScheduleA/PublicSupportPY170Pct00.95990
IRS990ScheduleA/PublicSupportTotal170Amt05631994
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0918466
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0604175
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0524189
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt03185164
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0400000
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt05631994
IRS990ScheduleA/TotalSupportAmt06836282
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt034518
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt034518
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0450
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt12469733
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt237455000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt32411401
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc0INVESTMENT PROPERTY HELD FOR SALE
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc1INVESMTMENT IN LCEDC BUILDS, LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc2INVESTMENT IN TOLEDO PI ACQUISITIONS, LLC
IRS990ScheduleD/InvstProgramRelatedOrgGrp/Desc3PROPERTY HELD FOR TRANSFER TO LUCAS COUNTY
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION HAS EVALUATED THE GUIDELINES RELATED TO UNCERTAIN TAX POSITIONS AND HAS CONCLUDED THAT THE CORPORATION HAS NO SIGNIFICANT FINANCIAL STATEMENT EXPOSURE TO UNCERTAIN TAX POSITIONS AT DECEMBER 31, 2022 AND 2021. THE CORPORATION'S FEDERAL INCOME TAX RETURNS FOR THE YEARS SUBSEQUENT TO 2017 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt042336584
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THERE IS NO COMMITTEE TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE FORM 990 WILL BE REVIEWED BY THE PRESIDENT OR TREASURER BEFORE FILING AND WILL BE PROVIDED TO THE MEMBERS AT THE BOARD MEETING FOR APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FORM 990 WILL BE AVAILABLE THROUGH GUIDESTAR WEBSITE AT WWW.GUIDESTAR.ORG, AND AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S DOVUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MISCELLANEOUS: PROGRAM SERVICE EXPENSES 3,977. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,977. SECURITY: PROGRAM SERVICE EXPENSES 2,655. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,655. THREAD EVENT PLANNING & MANAGEMENT: PROGRAM SERVICE EXPENSES 310,796. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 310,796.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART IX, LINE 11G
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0LUCAS COUNTY ECONOMIC DEVELOPMENT CORPORATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1LCEDC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt2LUCAS COUNTY ECONOMIC DEVELOPMENT CORPORATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0LCEDC BUILDS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1TOLEDO JEEP FEST LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt2HENSVILLE MASTER TENANT INVESTOR LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0813395545
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1421711239
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt02469733
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt1356815
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt20
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd2OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0FINANCING FOR COMPANIES AND REAL ESTATE DEVELOPMENT PROJECTS
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1CELEBRATES DECADES OF JEEP'S PARTNERSHIP WITH THE CITY OF TOLEDO
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt2FACILITATE LUCAS COUNTY DEVELOPMENT
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0-54338
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt1706313
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt20
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0ONE GOVERNMENT CENTER SUITE 800
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt1ONE GOVERNMENT CENTER SUITE 800
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt2406 WASHINGTON STREET
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0TOLEDO
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1TOLEDO
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm2TOLEDO
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd2OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd043604
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd143604
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd243604
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/ControlledOrganizationInd01
IRS990ScheduleR/IdRelatedOrgTxblCorpTrGrp/DirectControllingEntityName/BusinessNameLine1Txt0LUCAS COUNTY ECONOMIC DEVELOPMENT

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$88.1$84.2$3.97$5.12$5.06$0.06
2023Detailed filing. Detailed filing data is available for this year.$44.4$40.2$4.17$4.61$3.23$1.38
2022Detailed filing. Detailed filing data is available for this year.$43.3$40.5$2.79$2.02$1.85$0.17
2021Detailed filing. Detailed filing data is available for this year.$38.9$36.3$2.63$0.96$1.00$0.04
2020Detailed filing. Detailed filing data is available for this year.$40.4$37.7$2.71$0.54$3.82$3.28
2019Detailed filing. Detailed filing data is available for this year.$6.69$0.37$6.32$3.21$1.33$1.88
2018Detailed filing. Detailed filing data is available for this year.$4.18$0.07$4.11$0.38$0.24$0.14
2017Detailed filing. Detailed filing data is available for this year.$3.99$0.01$3.97$0.19$0.16$0.03
2016Detailed filing. Detailed filing data is available for this year.$3.97$0.02$3.95$2.53$0.06$2.46
2015Detailed filing. Detailed filing data is available for this year.$1.62$0.13$1.48$1.28$1.28$0.00
2014Detailed filing. Detailed filing data is available for this year.$1.49$0.01$1.48$1.72$0.50$1.22
2013Detailed filing. Detailed filing data is available for this year.$0.28$0.02$0.26$0.51$0.48$0.03
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.28$0.04$0.24$0.60
2011Summary only. Only limited summary data is available for this year.$0.26$0.03$0.23$0.73$0.69$0.04