Lorain Revitalization Association
- Assets
- $114.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lorain, OH
- Founding
- Data as of
- 12/2023
- EIN
- 85-0793147
Organization Overview
Lorain Revitalization Association is located in Lorain, OH. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, 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. Lorain Revitalization Association 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 12/2023, Lorain Revitalization Association generated $113.2k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 29.0% each year . All expenses for the organization totaled $103.3k during the year ending 12/2023. 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
2023
Describe the Organization's Program Activity:
Part 3
TO PROMOTE COLLABORATION AND CELEBRATION AS A MEANS OF MAKING DOWNTOWN LORAIN VIBRANT AND ACCESSIBLE TO RESIDENTS AND VISITORS OF ALL AGES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander Barton Member | 1 | $0 | |
Christopher Cocco President | 3 | $0 | |
Pat Morrisson Secretary | 1 | $0 | |
Joel Arredondo Member | 1 | $0 | |
Samantha Flores Vice President | 1 | $0 | |
Dee Vickers Baker Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $80,906 |
| Total Program Service Revenue | $2,889 |
| Membership dues | $21,208 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $8,154 |
| Other Revenue | $0 |
| Total Revenue | $113,157 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $66,460 |
| Professional fees and other payments to independent contractors | $10,939 |
| Occupancy, rent, utilities, and maintenance | $7,142 |
| Printing, publications, postage, and shipping | $1,558 |
| Other expenses | $17,194 |
| Total expenses | $103,293 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $113,594 |
| Other assets | $0 |
| Total assets | $114,037 |
| Total liabilities | $5,677 |
| Net assets or fund balances | $108,360 |