Lima Growth Association
- Assets
- $327.5k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lima, OH
- Founding
- 01/1996
- Data as of
- 12/2021
- EIN
- 34-1787834
Organization Overview
Lima Growth Association is located in Lima, OH. The organization was established in 1996. According to its NTEE Classification (S01) the organization is classified as: Alliances & Advocacy, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lima Growth Association is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2021, Lima Growth Association generated $10.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $12.7k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
TO IMPROVE THE LOCAL ECONOMY AND EMPLOYMENT OPPORTUNITIES BY ASSISTING BUSINESS TO MOVE INTO THE AREA.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
R Barry Hardy President | 1 | $0 | |
Claude Cliborne Vice President | 1 | $0 | |
Randy Payne Vice President | 1 | $0 | |
Peggy Ehora Treasurer | 1 | $0 | |
Mike Joyce Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Membership dues | $8,253 |
| Investment income | $2,338 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,591 |
| 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 | $1,675 |
| Occupancy, rent, utilities, and maintenance | $9,168 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $1,894 |
| Total expenses | $12,737 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $327,532 |
| Other assets | $0 |
| Total assets | $327,532 |
| Total liabilities | $0 |
| Net assets or fund balances | $327,532 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Indiana Chamber Of Commerce Inc Indianapolis, IN | $7,894,910 | $10,261,881 |
Greater Indianapolis Chamber Of Commerce Inc Indianapolis, IN | $15,080,070 | $11,498,115 |
Small Business Assoc Of Mich Lansing, MI | $1,798,183 | $7,497,354 |
Ohio Association Of Realtors Columbus, OH | $13,314,743 | $8,037,922 |
Ohio Chamber Of Commerce Columbus, OH | $30,926,421 | $7,246,853 |
Indiana Association Of Realtors Inc Indianapolis, IN | $16,694,252 | $6,642,922 |
Louisville Chamber Of Commerce Inc Louisville, KY | $4,510,911 | $5,726,033 |
Greater Lehigh Valley Chamber Of Commerce Easton, PA | $3,461,943 | $5,381,256 |
Mibor Realtor Association Inc Indianapolis, IN | $12,276,320 | $5,134,664 |
Akron Convention And Visitors Bureau Inc Akron, OH | $6,460,224 | $5,523,217 |
Dayton Development Coalition Inc Dayton, OH | $3,053,058 | $5,338,922 |
Washtenaw County Convention And Visitors Bureau Inc Ann Arbor, MI | $3,821,034 | $4,942,244 |