Loex
- Assets
- $205.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Ypsilanti, MI
- Founding
- 09/2013
- Data as of
- 06/2023
- 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 06/2023, Loex generated $159.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (3.7%) each year. All expenses for the organization totaled $172.2k during the year ending 06/2023. As we would expect to see with falling revenues, expenses have declined by (3.4%) per year over the past 5 years. 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 |
|---|---|---|---|
Jo Angela Oehrli President | 2 | $0 | |
Amanda Nichols Hess Vice-President | 1 | $0 | |
Samantha Mcclellan Secretary | 1 | $0 | |
Clayton Hayes Treasurer | 3 | $0 | |
Laura Gariepy Member At Large | 1 | $0 | |
Brad Sietz Loex Director | 36 | $63,613 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $8,885 |
| Total Program Service Revenue | $94,205 |
| Membership dues | $56,258 |
| Investment income | $72 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $159,420 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $74,821 |
| Professional fees and other payments to independent contractors | $5,380 |
| Occupancy, rent, utilities, and maintenance | $6,054 |
| Printing, publications, postage, and shipping | $4,457 |
| Other expenses | $81,483 |
| Total expenses | $172,195 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $205,394 |
| Other assets | $0 |
| Total assets | $205,394 |
| Total liabilities | $0 |
| Net assets or fund balances | $205,394 |