Lorain Lighthouse Foundation Inc
- Assets
- $144.9k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lorain, OH
- Founding
- 06/1991
- Data as of
- 12/2023
- EIN
- 34-1637274
Organization Overview
Lorain Lighthouse Foundation Inc is located in Lorain, OH. The organization was established in 1991. According to its NTEE Classification (W80) the organization is classified as: Public Utilities, under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lorain Lighthouse Foundation 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, Lorain Lighthouse Foundation Inc generated $55.2k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $54.0k during the year ending 12/2023. While expenses have increased by 14.5% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank Sipkovsky Chairman Of The Boad | 20 | $0 | |
Ronald Mantini President/treasurer | 20 | $0 | |
Joe Lucas Vice President | 5 | $0 | |
Pamela Waite Secretary | 10 | $0 | |
Matt Dempsey Trustee | 10 | $0 | |
James Lumadue Trustee | 15 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $25,328 |
| Total Program Service Revenue | $5,753 |
| Membership dues | $245 |
| Investment income | $2,111 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $21,803 |
| Other Revenue | $0 |
| Total Revenue | $55,240 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $49 |
| Occupancy, rent, utilities, and maintenance | $3,900 |
| Printing, publications, postage, and shipping | $194 |
| Other expenses | $49,905 |
| Total expenses | $54,048 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $66,832 |
| Other assets | $0 |
| Total assets | $144,876 |
| Total liabilities | $0 |
| Net assets or fund balances | $144,876 |