Civic Intelligence

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

990 • Fiscal year 2023 • EIN 42-1711239

Jan 01, 2023 to Dec 31, 2023 • Filed on Nov 14, 2024

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

91st percentile

0.91x

Higher debt load relative to assets than 91% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Liabilities / Revenue

96th percentile

8.72x

Higher debt load relative to revenue than 96% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Net Margin

84th percentile

30%

Higher net margin than 84% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

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.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2023

Asset Growth

36th percentile

2.5%

Faster asset growth than 36% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Revenue Growth

95th percentile

128%

Faster revenue growth than 95% of similar nonprofits.

2023 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2022 to 2023

Assets

Up

$44,374,868

Up $1,096,862 (+2.5%) from 2022

Net Assets

Up

$4,173,697

Up $1,380,169 (+49%) from 2022

Liabilities

Down

$40,201,171

Down $283,307 (-0.7%) from 2022

Revenue

Up

$4,608,812

Up $2,588,726 (+128%) from 2022

Expenses

Up

$3,228,643

Up $1,374,071 (+74%) from 2022

Net Income

Up

$1,380,169

Up $1,214,655 (+734%) from 2022

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

2023

Assets$44,374,868
Liabilities$40,201,171
Net Assets$4,173,697

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

2023

Revenue$4,608,812
Expenses$3,228,643
Net Income$1,380,169
Jump To
Filing Snapshot
Filing Period
Jan 1, 2023 to Dec 31, 2023
Signed
Nov 14, 2024
Return Version
2023v5.1
Gross Receipts
$4,662,182
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$42,336,584$42,109,793▼ $226,791
Accounts Receivable$596,613$1,699,005▲ $1,102,392
Cash and Non-Interest-Bearing Accounts$281,537$457,027▲ $175,490
Prepaid Expenses and Deferred Charges$63,272$66,543▲ $3,271
Pledges and Grants Receivable-$42,500-
Land, Buildings, and Equipment, Net$0$0→ $0
Total Assets$43,278,006$44,374,868▲ $1,096,862
Liabilities
Mortgage Notes Payable Secured by Investment Property$39,866,401--
Unsecured Notes Loans Payable-$37,455,000-
Accounts Payable and Accrued Expenses$541,577$1,842,770▲ $1,301,193
Other Liabilities$0$848,901▲ $848,901
Deferred Revenue$76,500$54,500▼ $22,000
Total Liabilities$40,484,478$40,201,171▼ $283,307
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,793,528$4,173,697▲ $1,380,169
Total Net Assets Fund Balance$2,793,528$4,173,697▲ $1,380,169
Total Liabilities and Net Assets / Fund Balance$43,278,006$44,374,868▲ $1,096,862

Asset Categories

AssetBook ValueDepreciationBasis
Investment Program Related Org$848,901--
Compensation and Service Providers

Board Members and Trustees

NameTitle
Neal MahoneyChairman
Doug BornOutgoing President
Matthew S HeyrmanPresident
Kimberly CutcherVice President
Lisa SobeckiBoard Member
Peter GerkenBoard Member
Teresa MooreBoard Member
Tina Skeldon WozniakBoard Member
Jessica FordTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Thread MarketingMarketing4635 W ALEXIS RD, Toledo, OH 43623$363,132
Shumaker Loop And Kendrick LLPLegal1000 JACKSON ST, Toledo, OH 43604$138,616
Cliftonlarsonallen LLPFinancial1785 INDIAN WOOD CIRCLE, Toledo, OH 43537$132,380
Revenue and Support

Revenue Composition

Contributions and Grants
$1,904,105
Program Service Revenue
$437,969
Investment Income
$2,260,894
Other Revenue
$5,844
All Other Contributions
$429,105
Change in Net Assets
$1,380,169
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,228,643
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$2,260,894--$2,260,894
Fees for Services Other$323,119--$323,119
Fees for Services Legal$126,713$46,587-$173,300
Advertising$154,241--$154,241
Fees for Services Accounting-$138,620-$138,620
Occupancy$107,544--$107,544
Insurance-$17,299-$17,299
Office Expenses$9,577$1,670-$11,247
Other Expenses$6,521$30,587-$6,521
All Other Expenses$5,271--$5,271
Total Functional Expenses$2,993,880$234,763$0$3,228,643
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Gaming Gross Income$5,949
Gaming Direct Expenses$0
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Property Transferable to Lucas County$848,901
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 b, line 16b: the filing organization participates in a joint venture involving real estate for economic development. The income from the joint venture is 100% passive and in accordance with the organization's exempt purpose.

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
2024-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Matt Heyrman
Formed
1964
Legal Domicile
Oh
Voting Board Members
6
Independent Board Members
6
Employees
0
Volunteers
6

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 4,628. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,628. Thread event planning & management: program service expenses 318,491. Management and general expenses 0. Fundraising expenses 0. Total expenses 318,491.

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, 2023 and 2022. The corporation's federal income tax returns for the years subsequent to 2018 remain subject to examination by the internal revenue service.

Raw XML AppendixShowing 400 of 503 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.

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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.
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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.
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IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02793528
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt04173697
IRS990/NoListedPersonsCompensatedInd0X
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0107544
IRS990/OccupancyGrp/TotalAmt0107544
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt01670
IRS990/OfficeExpensesGrp/ProgramServicesAmt09577
IRS990/OfficeExpensesGrp/TotalAmt011247
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0VOLUNTEER EXP
IRS990/OtherExpensesGrp/Desc1ENTERTAINMENT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt030587
IRS990/OtherExpensesGrp/ProgramServicesAmt06521
IRS990/OtherExpensesGrp/TotalAmt030587
IRS990/OtherExpensesGrp/TotalAmt16521
IRS990/OtherLiabilitiesGrp/BOYAmt00
IRS990/OtherLiabilitiesGrp/EOYAmt0848901
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt042500
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt063272
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt066543
IRS990/PrincipalOfficerNm0MATT HEYRMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2900099
IRS990/ProgramServiceRevenueGrp/Desc0LLC INVESTMENT
IRS990/ProgramServiceRevenueGrp/Desc1PROGRAM SPONSORSHIP
IRS990/ProgramServiceRevenueGrp/Desc2REAL ESTATE DEV. REVEN
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0335709
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1102250
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt210
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0335709
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1102250
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt210
IRS990/ProgSrvcAccomActy2Grp/Desc0TOLEDO JEEPFEST CONDUCTED A COMMUNITY EVENT TO PROMOTE DECADES OF JEEP'S PARTNERSHIP WITH THE CITY OF TOLEDO.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0539453
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt0161464
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0918466
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0995845
IRS990/PYOtherExpensesAmt01854572
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0105775
IRS990/PYRevenuesLessExpensesAmt0165514
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01854572
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02020086
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01380169
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd01
IRS990/RevenueAmt02596613
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0OTHER INCOME - 2019 AMOUNT: $ 24,809.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME:
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt01904105
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0918466
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0604175
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0524189
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt03185164
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt07136099
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt02260894
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0995845
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0161797
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt022140
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt03440676
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0874027
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt024809
IRS990ScheduleA/OtherIncome170Grp/TotalAmt024809
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.67310
IRS990ScheduleA/PublicSupportPY170Pct00.82380
IRS990ScheduleA/PublicSupportTotal170Amt07136099
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt01904105
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0918466
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0604175
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0524189
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt03185164
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt07136099
IRS990ScheduleA/TotalSupportAmt010601584
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/FootnoteTextInd0X
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt0450
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt13805442
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt237455000
IRS990ScheduleD/InvstProgramRelatedOrgGrp/BookValueAmt3848901
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 3815 W SYLVANIA
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd0C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd1C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd2C
IRS990ScheduleD/InvstProgramRelatedOrgGrp/MethodValuationCd3C
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0848901
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0PROPERTY TRANSFERABLE TO LUCAS COUNTY
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, 2023 AND 2022. THE CORPORATION'S FEDERAL INCOME TAX RETURNS FOR THE YEARS SUBSEQUENT TO 2018 REMAIN SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalBookValueProgramRltdAmt042109793
IRS990ScheduleD/TotalLiabilityAmt0848901
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0SECTION B, LINE 16B: THE FILING ORGANIZATION PARTICIPATES IN A JOINT VENTURE INVOLVING REAL ESTATE FOR ECONOMIC DEVELOPMENT. THE INCOME FROM THE JOINT VENTURE IS 100% PASSIVE AND IN ACCORDANCE WITH THE ORGANIZATION'S EXEMPT PURPOSE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE IS NO COMMITTEE TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE 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/ExplanationTxt3FORM 990 WILL BE AVAILABLE THROUGH GUIDESTAR WEBSITE AT WWW.GUIDESTAR.ORG, AND AVAILABLE UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S DOVUMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5MISCELLANEOUS: PROGRAM SERVICE EXPENSES 4,628. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,628. THREAD EVENT PLANNING & MANAGEMENT: PROGRAM SERVICE EXPENSES 318,491. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 318,491.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 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/BusinessNameLine1Txt1LUCAS COUNTY ECONOMIC DEVELOPMENT CORPORATION
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0LCEDC BUILDS LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1TOLEDO JEEP FEST LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0813395545
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1421711239
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt03805442
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt1455405
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1OH
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/TotalIncomeAmt0335709
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt1715569
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt0ONE GOVERNMENT CENTER SUITE 800
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt1ONE GOVERNMENT CENTER SUITE 800
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0TOLEDO
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1TOLEDO
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1OH
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd043604
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd143604
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DirectControllingEntityName/BusinessNameLine1Txt0LCEDC BUILDS LLC
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/DisproportionateAllocationsInd00
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/EIN0813395545
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/GeneralOrManagingPartnerInd01
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/LegalDomicileStateCd0OH
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/OwnershipPct00.86510
IRS990ScheduleR/IdRelatedOrgTxblPartnershipGrp/PrimaryActivitiesTxt0LENDING

Document Assets

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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