Toledo Bar Association
- Assets
- $2.5m
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 11
- Location
- Toledo, OH
- Founding
- 10/1955
- Data as of
- 06/2023
- EIN
- 34-4428948
Organization Overview
Toledo Bar Association is located in Toledo, OH. The organization was established in 1955. According to its NTEE Classification (I03) the organization is classified as: Professional Societies & Associations, under the broad grouping of Crime & Legal-Related and related organizations. As of 06/2023, Toledo Bar Association employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toledo Bar 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 06/2023, Toledo Bar Association generated $1.0m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $1.2m during the year ending 06/2023. 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
PROVIDE OUTSTANDING SERVICE TO OUR MEMBERS AND TO ASSIST THEM IN SERVING THE LEGAL PROFESSION AND THE COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDES SERVICES FOR THE LEGAL COMMUNITY TO IMPROVE THE GENERAL BUSINESS CONDITIONS OF THE LEGAL PROFESSION BY KEEPING MEMBERS INFORMED AND BY OFFERING VARIOUS LEGAL PROGRAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Myron C Duhart Past President | Trustee | 1 | $0 |
Sarah K Skow President | OfficerTrustee | 3 | $0 |
Cindy M Kirby First Vice President | OfficerTrustee | 1 | $0 |
Joseph K Cole Secretary | OfficerTrustee | 1 | $0 |
Jeremiah P O'brien Treasurer | OfficerTrustee | 3 | $0 |
Carmille L Akande Board Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $24,750 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $24,750 |
| Total Program Service Revenue | $946,036 |
| Investment income | $51,696 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$893 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | -$5,072 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,016,517 |
| 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. | $157,180 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $521,489 |
| Pension plan accruals and contributions | $12,000 |
| Other employee benefits | $84,690 |
| Payroll taxes | $51,928 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,856 |
| Fees for services: Other | $24,478 |
| Advertising and promotion | $1,583 |
| Office expenses | $29,068 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $84,574 |
| Travel | $20,364 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,708 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $53,018 |
| Insurance | $19,715 |
| All other expenses | $27,628 |
| Total functional expenses | $1,195,080 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $449,626 |
| Savings and temporary cash investments | $210,137 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $161,922 |
| 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 | $25,723 |
| Net Land, buildings, and equipment | $367,110 |
| Investments—publicly traded securities | $1,201,655 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $53,996 |
| Total assets | $2,470,169 |
| Accounts payable and accrued expenses | $77,275 |
| Grants payable | $0 |
| Deferred revenue | $512,566 |
| 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 | $589,841 |
| Net assets without donor restrictions | $1,880,328 |
| 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 | $2,470,169 |