Lake Erie Marine Trades Association Educational Foundation Inc
- Assets
- $15.2k
- Revenue
- $28.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Westlake, OH
- Founding
- 10/1996
- Data as of
- 04/2024
- EIN
- 34-1835791
Organization Overview
Lake Erie Marine Trades Association Educational Foundation Inc is located in Westlake, OH. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lake Erie Marine Trades Association Educational 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 04/2024, Lake Erie Marine Trades Association Educational Foundation Inc generated $28.7k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 21.2% each year .
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William G Schaeffer Trustee | 0 | $0 | |
Michelle L Burke Trustee | 0 | $0 | |
William C Huffman Trustee | 0 | $0 | |
Jim Stoufer Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $228 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28,513 |
| Total Revenue | $28,741 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $125 |
| Total operating and administrative expenses | $125 |
| Contributions, gifts, grants paid | $18,000 |
| Total expenses and disbursements | $18,125 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $15,157 |
| 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 | $0 |
| 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 | $15,157 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Lake Erie Marine Trades Association Educational Foundation Inc has awarded $18,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
JONATHAN MACK PURPOSE: COLLEGE TUITION | $2,000 |
CLAIRE SOLBERG PURPOSE: COLLEGE TUITION | $2,000 |
ANGELINA DECONCINI PURPOSE: COLLEGE TUITION | $1,000 |
EMMA SOLBERG PURPOSE: COLLEGE TUITION | $2,000 |
ALLISON SCHROEDER PURPOSE: COLLEGE TUITION | $1,000 |
MAGAN SOLBERG PURPOSE: COLLEGE TUITION | $2,000 |