Loex
- Assets
- $218.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ypsilanti, MI
- Founding
- 09/2013
- Data as of
- 06/2022
- EIN
- 90-0971299
Organization Overview
Loex is located in Ypsilanti, MI. The organization was established in 2013. According to its NTEE Classification (B70) the organization is classified as: Libraries, 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. Loex 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 06/2022, Loex generated $141.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $176.9k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brad Sietz Loex Director | 36 | $62,366 | |
Samantha Mcclellan Secretary | 1 | $0 | |
Clayton Hayes Treasurer | 3 | $0 | |
Jo Angela Oehrli President | 2 | $0 | |
Amanda Nichols Hess Vice-President | 1 | $0 | |
Laura Gariepy Member At Large | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,870 |
| Total Program Service Revenue | $76,883 |
| Membership dues | $52,799 |
| Investment income | $113 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $141,665 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $73,393 |
| Professional fees and other payments to independent contractors | $8,884 |
| Occupancy, rent, utilities, and maintenance | $5,661 |
| Printing, publications, postage, and shipping | $3,348 |
| Other expenses | $85,571 |
| Total expenses | $176,857 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $218,169 |
| Other assets | $0 |
| Total assets | $218,169 |
| Total liabilities | $0 |
| Net assets or fund balances | $218,169 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ann Arbor District Library Ann Arbor, MI | $42,776,591 | $18,573,402 |
Tenant Resource Center Inc Madison, WI | $4,020,377 | $17,889,286 |
Reuben Mcmillan Free Library Association Youngstown, OH | $89,698,038 | $21,065,303 |
Greene County Public Library Xenia, OH | $9,776,484 | $13,108,130 |
Lake County Public Library Merrillville, IN | $39,933,908 | $12,781,082 |
Elyria Public Library Elyria, OH | $12,392,667 | $6,063,469 |
Ohionet Westerville, OH | $9,473,014 | $8,653,205 |
Ohio Governors Imagination Library Beavercreek, OH | $8,059,955 | $11,938,530 |
William A And Margaretta Taylor Memorial Association Cuyahoga Falls, OH | $3,121,756 | $3,087,926 |
Library Association Of Sandusky Ohio Sandusky, OH | $8,164,601 | $4,150,865 |
Building And Construction Resource Center Inc Portage, IN | $5,030,482 | $2,435,257 |
Board Of Trustee Of The Ida Rupp Public Library Port Clinton, OH | $4,469,575 | $2,075,205 |