Lodgic Holdings Inc
- Assets
- $17.6m
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 21
- Location
- Mooseheart, IL
- Founding
- 08/2018
- Data as of
- 04/2022
- EIN
- 36-4865810
Organization Overview
Lodgic Holdings Inc is located in Mooseheart, IL. The organization was established in 2018. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 04/2022, Lodgic Holdings Inc employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Lodgic Holdings 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 04/2022, Lodgic Holdings Inc generated $6.4m in total revenue.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
LODGIC HOLDINGS, INC. OPERATES EXCLUSIVELY TO SUPPORT THE PURPOSES AND ENDEAVORS OF LODGIC WORKPLACE, INC. AND LODGIC KIDS CAMP, INC.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT PROVIDED FOR THE OPERATION OF LODGIC KIDS CAMP, A CHILD CARE AND EDUCATION SPACE SUPPORTING LEARNING AND DEVELOPMENT, INTENDED TO SUPPORT POSITIVE OUTCOMES FOR CHILDREN, THEIR PARENTS, AND THE COMMUNITIES IN WHICH THEY LIVE.
SUPPORT PROVIDED FOR THE OPERATION OF LODGIC WORKPLACE, A PRODUCTIVE PROFESSIONAL WORKING COLLECTIVE OF INDEPENDENT WORKERS, BUSINESSES, FAMILIES AND KIDS WHO BELEIVE THAT COMMUNITIES CAN THRIVE MORE, ASPIRE MORE, ACHIEVE MORE AND ENJOY MORE WHEN THEY WORK TOGETHER.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cheryl Vardaro Executive Director | 40 | $144,913 | |
Mann P Ciesemier Corporate Controller | 40 | $90,399 | |
Margaret Eberling Managing Director | 40 | $76,137 | |
Joseph R Mech Director And Secretary/treasurer | OfficerTrustee | 1 | $0 |
Scott D Hart Director And President | OfficerTrustee | 1 | $0 |
T Michael Leuer Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $5,320,000 |
| Government grants | $319,520 |
| 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 | $5,639,520 |
| Total Program Service Revenue | $0 |
| Investment income | $227 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $769,224 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,408,971 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,389,868 |
| 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. | $367,798 |
| Compensation of current officers, directors, key employees. | $367,798 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $190,928 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $34,996 |
| Payroll taxes | $38,451 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $43,869 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $584,923 |
| Office expenses | $90,318 |
| Information technology | $317,692 |
| Royalties | $0 |
| Occupancy | $26,637 |
| Travel | $166,552 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $192,773 |
| Interest | $60,473 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $591,163 |
| Insurance | $1,822 |
| All other expenses | $5,028 |
| Total functional expenses | $15,213,897 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,088 |
| 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 | $737,488 |
| Net Land, buildings, and equipment | $3,225,358 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $13,573,123 |
| Total assets | $17,554,057 |
| Accounts payable and accrued expenses | $433,066 |
| Grants payable | $0 |
| Deferred revenue | $816,122 |
| 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 | $5,000,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $997,578 |
| Total liabilities | $7,246,766 |
| Net assets without donor restrictions | $10,307,291 |
| 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 | $17,554,057 |
Grants Awarded
Over the last fiscal year, Lodgic Holdings Inc has awarded $1,389,868 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Mooseheart, IL PURPOSE: Provide add'l funding | $938,956 |
Mooseheart, IL PURPOSE: Provide add'l funding | $450,912 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Lodgic Holdings Inc has recieved totaling $5,320,000.
| Awarding Organization | Amount |
|---|---|
Moose International Inc Mooseheart, IL PURPOSE: Provide operating funds | $5,320,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Human Service Center Foundation Peoria, IL | $0 | $1,619,200 |
Lodgic Holdings Inc Mooseheart, IL | $17,554,057 | $6,408,971 |
Illinois Childrens Healthcare Foundation Oak Brook, IL | $172,838,273 | $9,428,256 |
Childserve Foundation Inc Johnston, IA | $15,317,194 | $6,918,113 |
Iowa Community Action Association Des Moines, IA | $753,837 | $3,823,427 |
Share Our Spare Chicago, IL | $1,000,301 | $3,535,972 |
Lux Family Foundation St Louis, MO | $0 | $335,497 |
Voice Of Judah Israel Inc Fort Wayne, IN | $1,559,331 | $3,178,865 |
Cornerstone Of Hope Inc Paducah, KY | $781,400 | $2,454,747 |
Virginia Henry Charitable Trust 0403231952 Po Box Chicago, IL | $27,737,979 | $3,536,006 |
American Warrior Initiative Inc Madison, WI | $3,298,583 | $1,806,705 |
Chaddock Childrens Foundation Quincy, IL | $5,809,375 | $1,961,321 |