Leadership Lorain County
- Assets
- $237.6k
- Revenue
- $295.9k
- Investments
- $0.0
- Employees
- 8
- Location
- Elyria, OH
- Founding
- 06/1992
- Data as of
- 06/2023
- EIN
- 34-1695613
Organization Overview
Leadership Lorain County is located in Elyria, OH. The organization was established in 1992. According to its NTEE Classification (W70) the organization is classified as: Leadership Development, under the broad grouping of Public & Societal Benefit and related organizations. As of 06/2023, Leadership Lorain County employed 8 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Leadership Lorain County 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, Leadership Lorain County generated $295.9k in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.0% each year. All expenses for the organization totaled $276.3k during the year ending 06/2023. While expenses have increased by 4.1% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO DEVELOP AND ADVANCE LEADERS WHO SUPPORT THE GROWTH AND DIVERSITY OF OUR COUNTY BY DIRECTING INITIATIVES TO CONNECT THE PEOPLE, GOVERNMENT, ACADEMIA AND BUSINESSES OF LORAIN COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SIGNATURE PROGRAM: OVER 1,200 INDIVIDUALS HAVE GRADUATED FROM THE SIGNATURE PROGRAM TO DATE. THIS PROGRAM IS COMPRISED OF A ROAD RALLY (RACE FOR THE RESOURCES) TO BEGIN TO INTRODUCE NEW CLASS PARTICIPANTS TO THE COUNTY, AN OVERNIGHT RETREAT, WHICH BONDS THE CLASS AND SETS THE DIRECTION FOR THE YEAR, EIGHT DAY-LONG SESSIONS THAT EXPLORE SEGMENTS OF THE COUNTY (ECONOMIC DEVELOPMENT, SOCIAL JUSTICE, HEALTH CARE, LAW/GOVERNMENT/POLITICS, EDUCATION, RECREATION/ENTERTAINMENT AND BOARD TRAINING), A FINAL RETREAT, AND CONCLUDES WITH GRADUATION. AS PART OF THE CLASS EXPERIENCE, PROJECTS ARE UNDERTAKEN THAT FOCUS THE ENERGY OF THE CLASS MEMBERS ON SOLVING A COMMUNITY PROBLEM OR CONTRIBUTING TO THE COMMUNITY INFRASTRUCTURE. APPROXIMATELY 40 INDIVIDUALS PARTICIPATE ANNUALLY, WHICH INCLUDES FOUR HIGH SCHOOL STUDENTS.
INTERNSHIP PROGRAM: FOR MORE THAN A DECADE, OVER 200 COLLEGE STUDENTS HAVE BENEFITED FROM THE LEADERSHIP LORAIN COUNTY SUMMER INTERNSHIP PROGRAM. THIS PROGRAM IS DESIGNED TO OFFER QUALITY, 10-WEEK PAID SUMMER INTERSHIPS TO LOCAL COLLEGE STUDENTS WHILE PROVIDING OUR PUBLIC ORGANIZATIONS WITH THE ENERGY, SKILLS, AND DEDICATION THAT COLLEGE STUDENTS BRING TO THESE INTERNSHIPS. THE PROGRAM PROVIDES COLLEGE STUDENTS WITH ENHANCED KNOWLEDGE, APPRECIATION, AND DEDICATION FOR LORAIN COUNTY AND ITS PUBLIC SERVICE RESOURCES. THE INTERNSHIP PROGRAM OFFERS PROFESSIONAL WORK EXPERIENCE AND SERVICE OPPORTUNITIES FOR LORAIN COUNTY INDIVIDUALS THAT WILL RESULT IN HEIGHTENED SENSE OF DEDICATION TO COMMUNITY INVOLVEMENT PROFESSIONALLY, PERSONALLY, AND FINANCIALLY. INCORPORATED INTO THE SUMMER INTERNSHIP PROGRAM IS A WEEKLY EDUCATIONAL WORKSHOP ADDRESSING PARTICULAR NEEDS OF COLLEGE STUDENTS SUCH AS RESUME BUILDING, INTERVIEWING SKILLS, PERSONAL FINANCES, AND PUBLIC SPEAKING. EACH WORKSHOP IS HELD IN DIFFERENT GEOGRAPHICAL AREAS OF THE COUNTY AS WELL AS VARIOUS BUSINESS AND NON-PROFITS WHICH SHOWCASE TO THE STUDENTS LORAIN COUNTY'S POSITIVE CONTRIBUTIONS AND ENGAGING REASONS TO COME BACK TO LORAIN COUNTY TO WORK.
ADULT AND YOUTH OUTREACH PROGRAMS: INCLUDES PROGRAMMING THAT INCORPORATES VARIOUS TRAINING OPPORTUNITIES, FORUMS FOR NETWORKING, AND HIGH SCHOOL EDUCATION PROGRAMMING ALL CENTERED AROUND THE EARLY DEVELOPMENT OF LEADERS AND PROVIDING OPPORTUNITIES FOR ALUMNI TO SHARE LEADERSHIP EXPERIENCES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Troy Chaffin Director | Trustee | 2 | $0 |
Philip J Truax Chair | OfficerTrustee | 2 | $0 |
Nick Gornall Director | Trustee | 2 | $0 |
Kara Odom Secretary | OfficerTrustee | 2 | $0 |
Judith Pulito Director | Trustee | 2 | $0 |
Aaron Thompson Vice Chair | OfficerTrustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $8,350 |
| Fundraising events | $77,900 |
| Related organizations | $0 |
| Government grants | $61,068 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,567 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $202,885 |
| Total Program Service Revenue | $108,436 |
| Investment income | $6,653 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$22,027 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $295,947 |
| 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. | $76,091 |
| Compensation of current officers, directors, key employees. | $8,104 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $66,303 |
| Pension plan accruals and contributions | $1,414 |
| Other employee benefits | $624 |
| Payroll taxes | $12,075 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,800 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,441 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,526 |
| Office expenses | $11,379 |
| Information technology | $5,578 |
| Royalties | $0 |
| Occupancy | $14,689 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,716 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,696 |
| Insurance | $2,010 |
| All other expenses | $0 |
| Total functional expenses | $276,273 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $94,116 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $17,187 |
| 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 | $2,459 |
| Net Land, buildings, and equipment | $3,466 |
| Investments—publicly traded securities | $115,241 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,140 |
| Total assets | $237,609 |
| Accounts payable and accrued expenses | $29,194 |
| Grants payable | $0 |
| Deferred revenue | $60,364 |
| 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 | $89,558 |
| Net assets without donor restrictions | $129,092 |
| Net assets with donor restrictions | $18,959 |
| 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 | $237,609 |