L & M Products Inc
- Assets
- $2.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 29
- Location
- Eaton, OH
- Founding
- 08/1973
- Data as of
- 12/2023
- EIN
- 31-0825168
Organization Overview
L & M Products Inc is located in Eaton, OH. The organization was established in 1973. According to its NTEE Classification (J33) the organization is classified as: Sheltered Employment, under the broad grouping of Employment and related organizations. As of 12/2023, L & M Products Inc employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. L & M Products 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 12/2023, L & M Products Inc generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (6.9%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (5.2%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF L&M PRODUCTS IS TO EXPAND RESOURCES FOR INDIVIDUALS WITH DISABILITIES TO PROMOTE INDEPENDENCE, SELF-SUFFICIENCY AND INVOLVEMENT IN COMMUNITY LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GROUP EMPLOYMENT PROGRAMS: L&M PRODUCTS, INC. EMPLOYMENT FIRST PROGRAM OFFERS EMPLOYMENT AND TRAINING OPPORTUNITIES TO INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES. THE COMPANY WORKS WITH LOCAL BUSINESSES TO PROVIDE CONTRACT WORK FOR INDIVIDUALS ENROLLED IN THE PROGRAM. THIS EXPERIENCE CAN INCLUDE WORKING IN CUSTOMER FACILITIES OR EXPLORING THE COMMUNITY TO INCREASE WORK AND SOFT SKILLS WITH THE ULTIMATE GOAL OF WORKING IN COMPETITIVE EMPLOYMENT. APPROXIMATELY 10 INDIVIDUALS ARE IN EMPLOYMENT FIRST PROGRAMS.
ADULT DAY SERVICE: THE ADULT DAY SERVICE PROGRAM ASSISTS INDIVIDUALS WITH DEVELOPMENTAL DISABILITIES IN CHOOSING THE KIND OF LIFE HE OR SHE CHOOSES. INDIVIDUAL-DRIVEN OUTINGS ARE OFFERED THROUGHOUT THE DAY TO PROVIDE INDIVIDUALS THE OPPORTUNITY TO BE INVOLVED IN THEIR COMMUNITY, INCLUDING READING GROUPS, VOLUNTEERISM, ADVOCACY MEETINGS AND OTHER RECREATIONAL OUTINGS. THROUGH THESE EXPERIENCES, INDIVIDUALS IMPROVE INDEPENDENCE THROUGH LIFE SKILLS, SOCIAL SKILLS AND COMMUNITY CONNECTIONS. DURING TIME SPENT AT THE FACILITY, INDIVIDUALS ARE OFFERED ACCESS TO ARTS AND CRAFTS, COOKING CLASSES, GARDENING AND OUTDOOR RECREATION. SERVED APPROXIMATELY 62 INDIVIDUALS.
COMMUNITY EMPLOYMENT: THE ORGANIZATION PARTICIPATES IN THE EMPLOYMENT FIRST STATE INITIATIVE TO PROVIDE TRAINING AND OPPORTUNITIES FOR INDIVIDUALS WHO DESIRE WORK WITHIN THE COMMUNITY. SERVICES FOCUS ON TRANSITIONING INDIVIDUALS ON THE PATH TO EMPLOYMENT FROM CONTRACT WORKSITES TO INDEPENDENT COMMUNITY EMPLOYMENT. THE PROGRAM OFFERS INDIVIDUALIZED SUPPORTS THROUGH THE DISCOVERY PROCESS, CAREER EXPLORATION, PLANNING, JOB DEVELOPMENT AND JOB COACHING. APPROXIMATELY 8 INDIVIDUALS SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Neavin Trustee | Trustee | 1 | $0 |
Twila Hunter Sectretary | OfficerTrustee | 1 | $0 |
Gary Wagner Vice President | OfficerTrustee | 1 | $0 |
Dave Weber Past President | OfficerTrustee | 1 | $0 |
Todd Darr Trustee | Trustee | 1 | $0 |
David Sizemore President | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $218 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $86,763 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,411 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $88,392 |
| Total Program Service Revenue | $1,051,533 |
| Investment income | $17,802 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$100,687 |
| Net Income from Fundraising Events | $6,403 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,064,382 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $135,189 |
| Compensation of current officers, directors, key employees. | $64,215 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $468,336 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $92,164 |
| Payroll taxes | $48,156 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $12,575 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $18,309 |
| Advertising and promotion | $4,657 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $17,744 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,314 |
| Interest | $4,803 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $85,241 |
| Insurance | $32,020 |
| All other expenses | $3,911 |
| Total functional expenses | $1,039,821 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $530,952 |
| Savings and temporary cash investments | $562,277 |
| Pledges and grants receivable | $1,952 |
| Accounts receivable, net | $30,751 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $7,527 |
| Net Land, buildings, and equipment | $938,066 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,374 |
| Total assets | $2,075,899 |
| Accounts payable and accrued expenses | $34,878 |
| 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 | $34,878 |
| Net assets without donor restrictions | $2,036,932 |
| Net assets with donor restrictions | $4,089 |
| 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 | $2,075,899 |