Elyria 778 Charities Inc
- Assets
- $1.5m
- Revenue
- $763.6k
- Investments
- $0.0
- Employees
- 2
- Location
- Elyria, OH
- Founding
- 12/2004
- Data as of
- 12/2021
- EIN
- 30-0277860
Organization Overview
Elyria 778 Charities Inc is located in Elyria, OH. The organization was established in 2004. According to its NTEE Classification (P30) the organization is classified as: Children & Youth Services, under the broad grouping of Human Services and related organizations. As of 12/2021, Elyria 778 Charities Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Elyria 778 Charities Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Elyria 778 Charities Inc generated $763.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.5% each year . All expenses for the organization totaled $267.2k during the year ending 12/2021. While expenses have increased by 11.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Elyria 778 Charities Inc has awarded 23 individual grants totaling $384,009. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ELYRIA CHARITIES PROVIDES FINANCIAL SUPPORT TO EDUCATIONAL ORGANIZATIONS THROUGHOUT LORAIN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS PROVIDED TO SCHOOLS AND OTHER ORGANIZATIONS TO PROMOTE EDUCATION AT THE ELYRIA SCHOOL SYSTEM, INCLUDING A EARLY CHILDHOOD CLASSROOM. APPROXIMATELY 7,000 PEOPLE RECEIVED BENEFITS IN 2021.
GRANTS TO SCHOOLS AND OTHER ORGANIZATIDITIONAL TRAINING TO PROMOTE HIGHER EDUCATION AND ADDITIONAL TRAINING TO STUDENTS. APPROXIMATELY 4,000 STUDENTS BENEFITED DURING 2021..
GRANTS PROVIDED TO SCHOOLS AND OTHER ORGANINIATIONS FOR SPORTING ACTIVITIES TO INCREASE CAPAPABILITES OF STUDENTS BY CULTIVATING CLEAN, WHOLESOME SPORTSMANSHIP AND DEVELOPING HIGH IDEALS OF CHARACTER. APPROXIMATELY 500 INDIVIDUALS BENEFITED IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Speidel Director, Secretary/treas. Exe.dir | OfficerTrustee | 40 | $57,000 |
Teri Spiedel Director/trustee | Trustee | 20 | $26,136 |
Rachael Speidel Director/trustee | Trustee | 15 | $0 |
Russell Miller Director/trustee | Trustee | 1 | $0 |
Chris Kelly Director/president | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $8,778 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $754,800 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $763,578 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $105,060 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $83,136 |
| Compensation of current officers, directors, key employees. | $41,568 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $20,591 |
| Payroll taxes | $6,360 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $60 |
| Fees for services: Accounting | $4,850 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $9,731 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $9,613 |
| Travel | $3,162 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $23,388 |
| Insurance | $1,230 |
| All other expenses | $0 |
| Total functional expenses | $267,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $373,931 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $12,800 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $73,695 |
| Investments—publicly traded securities | $1,025,824 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $250 |
| Total assets | $1,486,500 |
| Accounts payable and accrued expenses | $1,386 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,386 |
| Net assets without donor restrictions | $1,485,114 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,486,500 |
Grants Awarded
Over the last fiscal year, Elyria 778 Charities Inc has awarded $96,800 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ELYRIA BOARD OF EDUCATION PURPOSE: EARLY CHILDHOOK CLASSROOM | $71,800 |
Cleveland, OH PURPOSE: PROMOTING GOOD HEARING | $10,000 |
Tucson, AZ PURPOSE: PROMOTING ECONOMIC CONDITIONS | $10,000 |
Cleveland, OH PURPOSE: PROMOTING GOOD SIGHT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Youth Advocate Programs Inc Harrisburg, PA | $43,486,321 | $83,502,845 |
Pressley Ridge Pittsburgh, PA | $38,238,031 | $71,658,870 |
Home Of The Innocents Louisville, KY | $65,936,373 | $44,982,651 |
Cen Clear Child Services Inc Bigler, PA | $37,896,823 | $46,371,911 |
Adelphoi Village Inc Latrobe, PA | $22,442,616 | $43,995,520 |
Choices Coordinated Care Solutions Inc Indianapolis, IN | $31,601,317 | $38,735,699 |
A Second Chance Inc Pittsburgh, PA | $8,840,755 | $40,388,974 |
Silver Springs Martin Luther School Plymouth Meeting, PA | $35,019,600 | $42,003,118 |
Childrens Bureau Inc Indianapolis, IN | $23,244,857 | $37,565,375 |
Valley Youth House Committee Bethlehem, PA | $30,315,416 | $38,836,963 |
Integrated Services For Behavioral Health Nelsonville, OH | $33,594,068 | $34,760,134 |
West Michigan Partnership For Children Grand Rapids, MI | $24,386,715 | $26,841,903 |