Mansfield-Richland Area Edu Fndtn Inc
- Assets
- $439.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Mansfield, OH
- Founding
- 08/1980
- Data as of
- 06/2023
- EIN
- 34-1312689
Organization Overview
Mansfield-Richland Area Edu Fndtn Inc is located in Mansfield, OH. The organization was established in 1980. According to its NTEE Classification (V22) the organization is classified as: Economics, under the broad grouping of Social Science and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mansfield-Richland Area Edu Fndtn 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 06/2023, Mansfield-Richland Area Edu Fndtn Inc generated $76.6k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $80.4k during the year ending 06/2023. While expenses have increased by 1.8% per year over the past 8 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MANSFIELD-RICHLAND AREA EDUCATIONAL FOUNDATION (FREQUENTLY REFERRED TO AS THE CHAMBER FOUNDATION) WAS ESTABLISHED TO FOSTER ECONOMIC UNDERSTANDING AND PURSUE OTHER AREAS THAT BENEFIT THE FREE ENTERPRISE SYSTEM AND THE AMERICAN WAY OF LIFE.
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION PROVIDES ECONOMIC EDUCATION CLASSES FOR AREA PUBLIC SCHOOL TEACHERS (IN EXCESS OF 175). THESE TEACHERS, IN TURN, HAVE TAUGHT ECONOMICS TO STUDENTS TO FURTHER THEIR UNDERSTANDING OF OUR FREE ENTERPRISE SYSTEM.
THE LEADERSHIP UNLIMITED PROGRAM IS COMPRISED OF PEOPLE FROM BUSINESS, GOVERNMENT AND EDUCATION. THEY REGULARILY MEET TO GAIN KNOWLEDGE AND DISCUSS SPECIFIC COUNTY PROBLEMS AND SOLUTIONS. TRAINING FUTURE COMMUNITY LEADERS IS THE GOAL.
THE FOUNDATION HAS AN ECONOMIC CLUB PROGRAM. RESIDENTS PARTICIPATE TO EXPAND THEIR KNOWLEDGE AND UNDERSTANDING OF CURRENT ECONOMIC, POLITICAL AND BUSINESS ISSUES. THE GOAL IS INCREASED KNOWLEDGE OF LOCAL ISSUES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicholas Gesouras Trustee | 0.75 | $0 | |
Jeff Devito Trustee | 0.75 | $0 | |
Jennifer Alt Chair | 0.75 | $0 | |
Dj Daniels Immediate Pa | 0.75 | $0 | |
Brian Schmidt Treasurer | 0.75 | $0 | |
Grant Sluss Trustee | 0.75 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $29,855 |
| Total Program Service Revenue | $37,020 |
| Membership dues | $0 |
| Investment income | $8,278 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $1,465 |
| Other Revenue | $0 |
| Total Revenue | $76,618 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $43,964 |
| Professional fees and other payments to independent contractors | $3,775 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $220 |
| Other expenses | $32,411 |
| Total expenses | $80,370 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $439,043 |
| Other assets | $0 |
| Total assets | $439,548 |
| Total liabilities | $0 |
| Net assets or fund balances | $439,548 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Alpaugh Family Economic Center For Educational And Research Cincinnati, OH | $6,995,909 | $2,190,589 |
Detroit Economic Club Detroit, MI | $3,415,666 | $1,470,575 |
Partnership For Economics Education And Research Ann Arbor, MI | $1,615,456 | $2,012,260 |
Tuscarawas County Economic Development Corporation Dover, OH | $99,497 | $388,316 |
Michigan Council On Economic Education Sterling Heights, MI | $105,657 | $0 |
Association For University Business And Economic Research Auber Muncie, IN | $240,771 | $0 |
Mansfield-Richland Area Edu Fndtn Inc Mansfield, OH | $439,548 | $0 |
Americas Turning Point Inc Crown Point, IN | $1,107,814 | $1,100,100 |