Learning About Business Inc
- Assets
- $204.4k
- Revenue
- $65.5k
- Investments
- $197.3k
- Employees
- 0
- Location
- Painesville, OH
- Founding
- 03/1983
- Data as of
- 08/2021
- EIN
- 34-1381822
Organization Overview
Learning About Business Inc is located in Painesville, OH. The organization was established in 1983. According to its NTEE Classification (O53) the organization is classified as: Youth Development - Business, under the broad grouping of Youth Development and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Learning About Business 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 08/2021, Learning About Business Inc generated $65.5k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 22.0% each year . All expenses for the organization totaled $66.7k during the year ending 08/2021. While expenses have increased by 3.0% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
EDUCATES HIGH SCHOOL STUDENTS ON THE ROLE OF BUSINESS IN OUR SOCIETY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUMMER PROGAM FOR HIGH SCHOOL STUDENTS ON THE ROLE OF BUSINESS IN OUR SOCIETY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marie Graf Executive Director | Trustee | 18 | $24,000 |
Larry Lamphier Program Chair | Officer | 2 | $0 |
Pete Derooy Chair | Officer | 2 | $0 |
Paul Pahoresky Finance Chair | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $32,727 |
| Investment income | $10,824 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $11,701 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $65,452 |
| Statement of Expenses | |
|---|---|
| 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. | $24,000 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,260 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,188 |
| Office expenses | $3,349 |
| Information technology | $911 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $0 |
| Insurance | $657 |
| All other expenses | $0 |
| Total functional expenses | $66,671 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,667 |
| Savings and temporary cash investments | $5,407 |
| 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 | $0 |
| Prepaid expenses and deferred charges | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $197,314 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $204,388 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $204,388 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Learning About Business Inc has recieved totaling $13,705.
| Awarding Organization | Amount |
|---|---|
Martha Holden Jennings Foundation Cleveland, OH PURPOSE: A-12-21 LAB WEEK 2021 | $12,000 |
Dominion Energy Charitable Foundation Richmond, VA PURPOSE: LAB WEEK 2021 | $1,500 |
Ashtabula Foundation Ashtabula, OH PURPOSE: GENERAL DONATION | $200 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $5 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tamid Israel Investment Group Ltd Grand Rapids, MI | $1,648,528 | $3,123,677 |
Foundation For Free Enterprise Education Erie, PA | $5,614,586 | $1,865,641 |
Interalliance Of Greater Cincinnati Cincinnati, OH | $209,405 | $889,890 |
Columbus Fashion Initiative Columbus, OH | $260,125 | $700,402 |
Forge Leadership Network Dayton, OH | $160,330 | $662,968 |
Junior Achievement Of North Central Michigan Inc Midland, MI | $706,387 | $369,801 |
Omicelo Cares Pittsburgh, PA | $951,389 | $343,389 |
Bowling Green Area Chamberfoundation Inc Bowling Green, KY | $519,224 | $199,162 |
Project Transformation Indiana Indianapolis, IN | $70,000 | $174,675 |
Ohio Business Week Foundation Columbus, OH | $52,839 | $0 |
Institute For The Economic Development Of Children Philadelphia, PA | $6,866 | $0 |
Operation Step-Up Cincinnati, OH | $1,000 | $0 |