LORAIN COUNTY CHAMBER OF COMMERCE INC: Form 990, tax year 2016
View the entire original 990 at ProPublica ↗
- Organization
- LORAIN COUNTY CHAMBER OF COMMERCE INC (EIN 34-1557587)
- Tax period
- 2016-01-01 to 2016-12-31
- Filed
- 2017-07-31
- IRS object ID
- 201732129349301023
- Schema version
- 2016v3.0
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2017-07-31T15:33:49-04:00 | ReturnTs |
| Tax Period End | 2016-12-31 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 204804849 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ELEK & NOSS LLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | PO BOX 250 | AddressLine1Txt |
| City | GRAFTON | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 440440250 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2016-01-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 341557587 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | LORAIN COUNTY CHAMBER | BusinessNameLine1Txt |
| Business Name Line2 | OF COMMERCE INC | BusinessNameLine2Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | LORA | BusinessNameControlTxt |
| Phone | 4403282550 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 226 MIDDLE AVENUE - 5TH FLOOR | AddressLine1Txt |
| City | ELYRIA | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44035 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANTHONY GALLO | PersonNm |
| Person Title | PRESIDENT | PersonTitleTxt |
| Phone | 4403282550 | PhoneNum |
| Signature | 2017-07-21 | SignatureDt |
| Discuss With Paid Preparer | Yes (true) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | GREGORY J ELEK CPA | PreparerPersonNm |
| PTIN | P00491495 | PTIN |
| Phone | 4409269300 | PhoneNum |
| Preparation | 2017-07-31 | PreparationDt |
Filing Security Information FilingSecurityInformation
| Field | Value | IRS element (for citing) |
|---|---|---|
| At Submission Creation Device Id | 6933949832E2BF659C0BAA0C1EE29B41205CB0C7 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | D672E42B83661176406320FC8F483A585C58DCF2 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2016 | TaxYr |
| Build TS | 2021-01-29 14:40:06Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ANTHONY GALLO | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 226 MIDDLE AVENUE | AddressLine1Txt |
| City | ELYRIA | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44035 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $427,274 | GrossReceiptsAmt |
| Group Return For Affiliates | false | GroupReturnForAffiliatesInd |
| Organization501c | Yes (X) | Organization501cInd |
| Website Address | WWW.LORAINCOUNTYCHAMBER.COM | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1988 | FormationYr |
| Legal Domicile State | OH | LegalDomicileStateCd |
| Activity Or 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. | ActivityOrMissionDesc |
| Voting Members Governing Body | 24 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 23 | VotingMembersIndependentCnt |
| Total Employee | 3 | TotalEmployeeCnt |
| Total Volunteers | 10 | TotalVolunteersCnt |
| Total Gross UBI | $0 | TotalGrossUBIAmt |
| CY Contributions Grants | $0 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $290,106 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $305,531 | CYProgramServiceRevenueAmt |
| CY Investment Income | $0 | CYInvestmentIncomeAmt |
| PY Other Revenue | $88,148 | PYOtherRevenueAmt |
| CY Other Revenue | $76,437 | CYOtherRevenueAmt |
| PY Total Revenue | $378,254 | PYTotalRevenueAmt |
| CY Total Revenue | $381,968 | CYTotalRevenueAmt |
| CY Grants And Similar Paid | $0 | CYGrantsAndSimilarPaidAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $228,383 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $217,147 | CYSalariesCompEmpBnftPaidAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $0 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $110,847 | PYOtherExpensesAmt |
| CY Other Expenses | $99,840 | CYOtherExpensesAmt |
| PY Total Expenses | $339,230 | PYTotalExpensesAmt |
| CY Total Expenses | $316,987 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $39,024 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | $64,981 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $72,385 | TotalAssetsBOYAmt |
| Total Assets EOY | $138,830 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $2,774 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $4,238 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $69,611 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $134,592 | NetAssetsOrFundBalancesEOYAmt |
| Info In Schedule O Part III | Yes (X) | InfoInScheduleOPartIIIInd |
| 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. | MissionDesc |
| Significant New Program Srvc | false | SignificantNewProgramSrvcInd |
| Significant Change | false | SignificantChangeInd |
| Expense | $316,987 | ExpenseAmt |
| Revenue | $381,968 | RevenueAmt |
| Desc | 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. | Desc |
| Total Program Service Expenses | $316,987 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | false | DescribedInSection501c3Ind |
| Schedule B Required | false | ScheduleBRequiredInd |
| Political Campaign Acty | false | PoliticalCampaignActyInd |
| Subject To Proxy Tax | false | SubjectToProxyTaxInd |
| Donor Advised Fund | false | DonorAdvisedFundInd |
| Conservation Easements | false | ConservationEasementsInd |
| Collections Of Art | false | CollectionsOfArtInd |
| Credit Counseling | false | CreditCounselingInd |
| Temp Or Permanent Endowments | false | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (true) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | false | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | false | ReportProgramRelatedInvstInd |
| Report Other Assets | false | ReportOtherAssetsInd |
| Report Other Liabilities | false | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | false | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | false | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | false | ConsolidatedAuditFinclStmtInd |
| School Operating | false | SchoolOperatingInd |
| Foreign Office | false | ForeignOfficeInd |
| Foreign Activities | false | ForeignActivitiesInd |
| More Than5000 K To Org | false | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | false | MoreThan5000KToIndividualsInd |
| Professional Fundraising | false | ProfessionalFundraisingInd |
| Fundraising Activities | Yes (true) | FundraisingActivitiesInd |
| Gaming Activities | false | GamingActivitiesInd |
| Operate Hospital | false | OperateHospitalInd |
| Grants To Organizations | false | GrantsToOrganizationsInd |
| Grants To Individuals | false | GrantsToIndividualsInd |
| Schedule J Required | false | ScheduleJRequiredInd |
| Tax Exempt Bonds | false | TaxExemptBondsInd |
| Loan Outstanding | false | LoanOutstandingInd |
| Grant To Related Person | false | GrantToRelatedPersonInd |
| Business Rln With Org Mem | false | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | false | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | false | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | false | DeductibleNonCashContriInd |
| Deductible Art Contribution | false | DeductibleArtContributionInd |
| Terminate Operations | false | TerminateOperationsInd |
| Partial Liquidation | false | PartialLiquidationInd |
| Disregarded Entity | false | DisregardedEntityInd |
| Related Entity | false | RelatedEntityInd |
| Related Organization Ctrl Ent | false | RelatedOrganizationCtrlEntInd |
| Activities Conducted Prtshp | false | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (true) | ScheduleORequiredInd |
| IRP Document | 0 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (true) | BackupWthldComplianceInd |
| Employee | 3 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (true) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | false | UnrelatedBusIncmOverLimitInd |
| Foreign Financial Account | false | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | false | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | false | TaxablePartyNotificationInd |
| Nondeductible Contributions | false | NondeductibleContributionsInd |
| Indoor Tanning Services | false | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 24 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 23 | IndependentVotingMemberCnt |
| Family Or Business Rln | false | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | false | DelegationOfMgmtDutiesInd |
| Change To Org Documents | false | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | false | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | false | MembersOrStockholdersInd |
| Election Of Board Members | false | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | false | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (true) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (true) | MinutesOfCommitteesInd |
| Officer Mailing Address | false | OfficerMailingAddressInd |
| Local Chapters | false | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (true) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | false | ConflictOfInterestPolicyInd |
| Whistleblower Policy | false | WhistleblowerPolicyInd |
| Document Retention Policy | false | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (true) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (true) | CompensationProcessOtherInd |
| Investment In Joint Venture | false | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | OH | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | KRISTINE LEWANDOWSKI | PersonNm |
| Phone | 4403282550 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 226 MIDDLE AVENUE | AddressLine1Txt |
| Address Line2 | 5TH FLOOR | AddressLine2Txt |
| City | ELYRIA | CityNm |
| State Abbreviation | OH | StateAbbreviationCd |
| ZIP | 44035 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (24 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | OfficerOfficerInd |
|---|---|---|---|---|---|---|
| TIMOTHY KING | ||||||
| VICE CHAIRMA | 1.00 | Yes (X) | $0 | $0 | $0 | |
| CHRIS MEAD | ||||||
| TREASURER | 1.00 | Yes (X) | $0 | $0 | $0 | |
| KEVIN KNIGHT | ||||||
| SECRETARY | 1.00 | Yes (X) | $0 | $0 | $0 | |
| JOHN BRYAN | ||||||
| TRUSTEE | Yes (X) | $0 | $0 | $0 | ||
| RICHARD J COLELLA | ||||||
| TRUSTEE | Yes (X) | $0 | $0 | $0 | ||
| KEVIN J FLANIGAN | ||||||
| TRUSTEE | Yes (X) | $0 | $0 | $0 | ||
| MIKE HERRICK | ||||||
| TRUSTEE | Yes (X) | $0 | $0 | $0 | ||
| MICHELE WILLIAMSON | ||||||
| TRUSTEE | Yes (X) | $0 | $0 | $0 | ||
| PHILIP AMOS | ||||||
| TRUSTEE | Yes (X) | $0 | $0 | $0 | ||
| TED KALO | ||||||
| TRUSTEE | Yes (X) | $0 | $0 | $0 | ||
| CHASE RITENAUER | ||||||
| TRUSTEE | Yes (X) | $0 | $0 | $0 | ||
| GAYLE DE LA PORTE | ||||||
| TRUSTEE | Yes (X) | $0 | $0 | $0 | ||
| HOLLY BRINDA | ||||||
| TRUSTEE | Yes (X) | $0 | $0 | $0 | ||
| KURT RAICEVICH | ||||||
| TRUSTEE | 1.00 | Yes (X) | $0 | $0 | $0 | |
| BRIAN JANKOWSKI | ||||||
| TRUSTEE | Yes (X) | $0 | $0 | $0 | ||
| KEVIN NELSON | ||||||
| TRUSTEE | Yes (X) | $0 | $0 | $0 | ||
| MICHAEL SPRENGER | ||||||
| TRUSTEE | Yes (X) | $0 | $0 | $0 | ||
| SHARON PARSON | ||||||
| TRUSTEE | Yes (X) | $0 | $0 | $0 | ||
| DARRYL TUCKER | ||||||
| TRUSTEE | Yes (X) | $0 | $0 | $0 | ||
| CHARLOTTE WAY | ||||||
| TRUSTEE | Yes (X) | $0 | $0 | $0 | ||
| MARCIA BALLINGER | ||||||
| TRUSTEE | Yes (X) | $0 | $0 | $0 | ||
| ANTHONY GALLO | ||||||
| PRESIDENT | 40.00 | $74,000 | $0 | $0 | Yes (X) | |
| ED SKIMIN | ||||||
| CHAIRMAN | 1.00 | $0 | $0 | $0 | Yes (X) | |
| EDWIN OLEY | ||||||
| PAST CHAIRMA | 1.00 | $0 | $0 | $0 | Yes (X) | |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $74,000 | TotalReportableCompFromOrgAmt |
| Former Ofcr Employees Listed | false | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | false | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | false | CompensationFromOtherSrcsInd |
Program Service Revenue ProgramServiceRevenueGrp (3 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| MEMBERSHIP DUES | $225,170 | $225,170 |
| BUSINESS DEVELOPMENT | $72,199 | $72,199 |
| GOVERNMENT AFFAIRS | $8,162 | $8,162 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $305,531 | TotalProgramServiceRevenueAmt |
| Fundraising Gross Income | $100,919 | FundraisingGrossIncomeAmt |
| Fundraising Direct Expenses | $45,306 | FundraisingDirectExpensesAmt |
Net Incm From Fundraising Evt NetIncmFromFundraisingEvtGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $55,613 | TotalRevenueColumnAmt |
Other Revenue Misc OtherRevenueMiscGrp (3 entries)
| DescDesc | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|
| INTERNAL MANAGEMENT | $13,275 | $13,275 |
| BOARD/STAFF | $6,499 | $6,499 |
| MISCELLANEOUS REVENUE | $1,050 | $1,050 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $20,824 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $381,968 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $326,355 | RelatedOrExemptFuncIncomeAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $164,027 | TotalAmt |
| Program Services | $164,027 | ProgramServicesAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,446 | TotalAmt |
| Program Services | $40,446 | ProgramServicesAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $12,674 | TotalAmt |
| Program Services | $12,674 | ProgramServicesAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,000 | TotalAmt |
| Program Services | $2,000 | ProgramServicesAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $6,430 | TotalAmt |
| Program Services | $6,430 | ProgramServicesAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,818 | TotalAmt |
| Program Services | $9,818 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,988 | TotalAmt |
| Program Services | $2,988 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,071 | TotalAmt |
| Program Services | $2,071 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt |
|---|---|---|
| BUSINESS DEVELOPMENT | $24,873 | $24,873 |
| INTERNAL MANAGEMENT | $20,260 | $20,260 |
| AUTOMOBILE EXPENSE | $8,157 | $8,157 |
| GOVERNMENT AFFAIR | $5,481 | $5,481 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $17,762 | TotalAmt |
| Program Services | $17,762 | ProgramServicesAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $316,987 | TotalAmt |
| Program Services | $316,987 | ProgramServicesAmt |
| Management And General | $0 | ManagementAndGeneralAmt |
| Fundraising | $0 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $55,877 | BOYAmt |
| EOY | $125,310 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $83,482 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $69,962 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $16,508 | BOYAmt |
| EOY | $13,520 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,385 | BOYAmt |
| EOY | $138,830 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,774 | BOYAmt |
| EOY | $4,238 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,774 | BOYAmt |
| EOY | $4,238 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,611 | BOYAmt |
| EOY | $134,592 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $69,611 | BOYAmt |
| EOY | $134,592 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $72,385 | BOYAmt |
| EOY | $138,830 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Reconcilation Revenue Expnss | $64,981 | ReconcilationRevenueExpnssAmt |
| Method Of Accounting Cash | Yes (X) | MethodOfAccountingCashInd |
| Accountant Compile Or Review | Yes (true) | AccountantCompileOrReviewInd |
Acct Compile Or Review Basis AcctCompileOrReviewBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Separate Basis Fincl Stmt | Yes (X) | SeparateBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| FS Audited | false | FSAuditedInd |
| Audit Committee | Yes (true) | AuditCommitteeInd |
| Federal Grant Audit Required | false | FederalGrantAuditRequiredInd |
Schedule D IRS990ScheduleD
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $83,482 | OtherCostOrOtherBasisAmt |
| Depreciation | $69,962 | DepreciationAmt |
| Book Value | $13,520 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $13,520 | TotalBookValueLandBuildingsAmt |
Schedule G IRS990ScheduleG
Fundraising Event Information FundraisingEventInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Event1 | BUSINESS EXPO | Event1Nm |
| Gross Receipts Event1 | $33,900 | GrossReceiptsEvent1Amt |
| Gross Revenue Event1 | $33,900 | GrossRevenueEvent1Amt |
| Other Direct Expenses Event1 | $8,625 | OtherDirectExpensesEvent1Amt |
| Event2 | GOLF OUTING | Event2Nm |
| Gross Receipts Event2 | $25,598 | GrossReceiptsEvent2Amt |
| Gross Revenue Event2 | $25,598 | GrossRevenueEvent2Amt |
| Other Direct Expenses Event2 | $13,808 | OtherDirectExpensesEvent2Amt |
| Other Events Total | 4 | OtherEventsTotalCnt |
| Gross Receipts Other Events | $35,250 | GrossReceiptsOtherEventsAmt |
| Gross Revenue Other Events | $35,250 | GrossRevenueOtherEventsAmt |
| Oth Direct Expnss Other Events | $17,712 | OthDirectExpnssOtherEventsAmt |
| Gross Receipts Total | $94,748 | GrossReceiptsTotalAmt |
| Gross Revenue Total Events | $94,748 | GrossRevenueTotalEventsAmt |
| Oth Direct Expnss Total Events | $40,145 | OthDirectExpnssTotalEventsAmt |
| Direct Expense Summary Events | $40,145 | DirectExpenseSummaryEventsAmt |
| Net Income Summary | $54,603 | NetIncomeSummaryAmt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (5 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| 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 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. |
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