Lithuanian Center Inc
- Assets
- $1.6m
- Revenue
- $30.2k
- Investments
- $102.6k
- Employees
- 0
- Location
- Cleveland, OH
- Founding
- 08/1983
- Data as of
- 12/2022
- EIN
- 34-1398653
Organization Overview
Lithuanian Center Inc is located in Cleveland, OH. The organization was established in 1983. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. This organization is the central organization for a national or regional group of organizations. Lithuanian Center 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 12/2022, Lithuanian Center Inc generated $30.2k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.1%) each year. All expenses for the organization totaled $53.4k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (15.0%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Lithuanian Center Inc has awarded 37 individual grants totaling $435,314. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
LITHUANIAN CENTER, INC. IS ORGAINZED TO SUPPORT LITHUANIAN CHARITABLE, EDUCATIONAL AND CULTURAL PURPOSES WITHIN THE MEANING OF SECTION 501(C)(3) OF THE INTERNAL REVNUE CODE OF 1954 AND SHALL NOT PARTICIPATE IN ANY ACTIVIY NOT ALLOWED BY THAT LAW AS SAID LAW MAY, FROM TIME TO TIME, BE AMENDED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Asta Slechticovas Trustee | 0 | $0 | |
Gaja Bublyte Milevicius President | 0 | $0 | |
Rita Kizys Secretary | 0 | $0 | |
Ricardas Sirvinskas Trustee | 0 | $0 | |
Vidas Tatarunas Trustee | 0 | $0 | |
Gintautas Taoras Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $25,514 |
| Dividends & Interest | $2,562 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $2,105 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $30,181 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $612 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $10,833 |
| Total operating and administrative expenses | $14,845 |
| Contributions, gifts, grants paid | $38,531 |
| Total expenses and disbursements | $53,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $393,132 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $1,150,753 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,646,508 |
| Accounts payable and accrued expenses | $7,173 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $7,173 |
Grants Awarded
Over the last fiscal year, Lithuanian Center Inc has awarded $38,531 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
LITHUANIAN AMERICAN COMMUNITY PURPOSE: DANCE FESTIVAL IN PHILADELPHIA | $5,000 |
LITHANIAN DANCE GROUP SVYTURYS INC PURPOSE: GRANT FOR BUSES TO ATTEND DANCE FEST | $11,330 |
ST CASIMIR LITHUANIAN SCHOOL PURPOSE: FUNDING FOR SCHOOL'S MUSIC PRGM. | $1,903 |
THE CLEVELAND MUSIC SCHOOL PURPOSE: FUNDING FOR ZUBOVOS PIANO CONCERT | $2,000 |
LITHUANIAN AMERICAN COMMUNITY-CLE PURPOSE: GRANT TO SUPPORT CULTURAL PROGRAM | $1,000 |
LITHUANIAN DANCE GROUP SVYTURYS INC PURPOSE: FUNDING FOR GROUPS ARGENTINA CONCERT | $9,840 |