Mentor Economic Assistance Corporation - Meaco
- Assets
- $551.8k
- Revenue
- $57.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Mentor, OH
- Founding
- 05/1986
- Data as of
- 09/2021
- EIN
- 34-1424682
Organization Overview
Mentor Economic Assistance Corporation - Meaco is located in Mentor, OH. The organization was established in 1986. According to its NTEE Classification (O30) the organization is classified as: Adult & Child Matching Programs, 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. Mentor Economic Assistance Corporation - Meaco is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2021, Mentor Economic Assistance Corporation - Meaco generated $57.0k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.1%) each year. All expenses for the organization totaled $62.8k during the year ending 09/2021. 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
TO ASSIST AND PROMOTE THE EMPLOYMENT OF INDIVIDUALS AND SMALL BUSINESSES AROUND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO ASSIST AND PROMOTE THE EMPLOYMENT OF INDIVIDUALS AND SMALL BUSINESSES.
TO ASSIST AND PROMOTE THE EMPLOYEMNT OF INDIVIDUALS AND SMALL BUSINESSES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Fosnaught Secretary | Officer | $0 | |
Vincent Granito Vice -Presid | Officer | $0 | |
John Albert Treasurer | Officer | $0 | |
Nate Bell Member | Trustee | $0 | |
Ken Filipiak Member | Trustee | $0 | |
Jim Gray Member | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $10,000 |
| 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 | $10,000 |
| Total Program Service Revenue | $42,916 |
| Investment income | $4,127 |
| 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 | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $57,043 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| 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 | $350 |
| Fees for services: Accounting | $6,600 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $33,418 |
| Advertising and promotion | $10,134 |
| Office expenses | $39 |
| Information technology | $35 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $330 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $613 |
| Conferences, conventions, and meetings | $4,436 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $727 |
| Insurance | $5,823 |
| All other expenses | $294 |
| Total functional expenses | $62,799 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $302,712 |
| Savings and temporary cash investments | $100,314 |
| 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 | $144,074 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $4,735 |
| Other assets | $0 |
| Total assets | $551,835 |
| 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 | $551,835 |
| 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 | $551,835 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Starfish Inc Indianapolis, IN | $417,636 | $786,972 |
Covenant Community Development Corporation Fort Wayne, IN | $650,557 | $1,081,632 |
The Mentoring Partnership Of Southwestern Pa Pittsburgh, PA | $1,610,965 | $1,070,844 |
Youth Mentoring Partnership Exton, PA | $428,933 | $880,860 |
Weavers Way Community Programs Philadelphia, PA | $465,020 | $713,873 |
Life Essentials Inc Dayton, OH | $0 | $415,481 |
Big Brothers Big Sisters Of Greater Cleveland Columbus, OH | $1,033,301 | $464,302 |
Joshua And Caleb Leadership Centre Of Xcellence Jclcx Brecksville, OH | $130,600 | $490,922 |
Bing Youth Institute Inc Detroit, MI | $656,862 | $229,986 |
Mountain Laurel Learning Cooperative Davis, WV | $321,526 | $265,826 |
Beating The Odds Foundation Hollidaysburg, PA | $129,470 | $132,031 |
Trusted Mentors Inc Indianapolis, IN | $169,757 | $248,023 |