Toledo Law Association
- Assets
- $3.8m
- Revenue
- $279.5k
- Investments
- $0.0
- Employees
- 0
- Location
- Toledo, OH
- Founding
- 09/2014
- Data as of
- 12/2021
- EIN
- 34-6525936
Organization Overview
Toledo Law Association is located in Toledo, OH. The organization was established in 2014. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toledo Law Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2021, Toledo Law Association generated $279.5k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $66.2k during the year ending 12/2021. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF LEGAL EDUCATION IN LUCAS COUNTY, OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVISORY AND FINANCIAL SUPPORT OF LEGAL EDUCATION IN LUCAS COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James P Silk President | OfficerTrustee | 2 | $0 |
Frank D Jacobs 1st Vp/treas | OfficerTrustee | 2 | $0 |
Elizabeth A Vaughan 2nd VP | OfficerTrustee | 2 | $0 |
Valerie J Fatica Trustee | Trustee | 2 | $0 |
Christopher Parker Trustee | Trustee | 2 | $0 |
Michael R Goulding Trustee | Trustee | 2 | $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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $106,189 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $173,289 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $279,478 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $37,990 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,825 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $22,919 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $140 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,692 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,596 |
| All other expenses | $20 |
| Total functional expenses | $66,182 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,705 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,812,248 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,823,953 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,823,953 |
| 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 | $3,823,953 |
Grants Awarded
Over the last fiscal year, Toledo Law Association has awarded $37,990 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Toledo, OH PURPOSE: LEGAL EDUCATION | $27,470 |
LUCAS COUNTY LAW LIBRARY PURPOSE: LAW LIBRARY WEBSITE | $10,520 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Fox Chapel Golf Club Pittsburgh, PA | $23,085,433 | $10,861,671 |
Laurel Valley Golf Club Ligonier, PA | $52,343,564 | $12,615,349 |
Duquesne Club Pittsburgh, PA | $30,792,617 | $9,610,299 |
Valley Brook Country Club Mcmurray, PA | $15,227,805 | $9,837,763 |
Club At Nevillewood Presto, PA | $22,439,430 | $10,509,363 |
Country Club Of Detroit Grosse Pointe Farms, MI | $27,254,127 | $11,579,679 |
Canterbury Golf Club Inc Cleveland, OH | $2,846,772 | $7,225,906 |
Longue Vue Club Verona, PA | $11,415,012 | $9,134,867 |
Delta Gamma Fraternity Housing Corporation Columbus, OH | $50,782,840 | $9,666,361 |
Cascade Hills Country Club Grand Rapids, MI | $19,069,995 | $8,731,295 |
Inverness Club Toledo, OH | $17,460,298 | $11,263,827 |
Orchard Lake Country Club Orchard Lake, MI | $26,230,119 | $6,499,322 |