Lorain Growth Corporation in Lorain, Ohio (OH)
Table of contents:
| Lorain Growth Corporation | |
| Employer Identification Number (EIN) | 341836556 |
| Name of Organization | Lorain Growth Corporation |
| Address | 615 Broadway, Lorain, OH 44052-1803 |
| Activities | Community promotion |
| Subsection | Charitable Organization |
| Ruling Date | 04/1998 |
| Deductibility | Contributions are deductible |
| Foundation | Organization which receives a substantial part of its support from a governmental unit or the general public |
| Organization | Corporation |
| Exempt Organization Status | Unconditional Exemption |
| Tax Period | 12/2014 |
| Assets | $10,000 to $24,999 |
| Income | $100,000 to $499,999 |
| Filing Requirement | 990 (all other) or 990EZ return |
| Asset Amount | $20,037 |
| Amount of Income | $103,951 |
| Form 990 Revenue Amount | $57,454 |
| National Taxonomy of Exempt Entities (NTEE) | Community Improvement, Capacity Building: Community, Neighborhood Development, Improvement (General) |
Non-representatives - add comments:
Revenue for 2013
| Revenue, Expenses, and Changes in Net Assets or Fund Balances | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total revenue | $66,800 | $28,655 | $32,839 |
| Contributions, gifts, grants, and similar amounts received | $58,964 | $22,300 | $26,561 |
| Program service revenue including government fees and contracts | $600 | $0 | $0 |
| Membership dues and assessments | $0 | $0 | $0 |
| Investment income | $0 | $0 | $0 |
| Gain/Loss from sale of assets other than inventory | $0 | $0 | $0 |
| Net income/loss from gaming and fundraising events | $7,236 | $6,355 | $6,278 |
| Gross income from gaming | $0 | $0 | $0 |
| Gross income from fundraising events | $31,931 | $18,511 | $18,301 |
| Less: direct expenses from gaming and fundraising events | $24,695 | $12,156 | $12,023 |
| Gross profit/loss from sales of inventory | $0 | $0 | $0 |
| Other revenue | $0 | $0 | $0 |
| Total expenses | $72,774 | $37,647 | $34,257 |
| Total net assets | $35,550 | $26,558 | $22,021 |
| Excess/Deficit for the year | $-5,974 | $-8,992 | $-1,418 |
| Net assets or fund balances at beginning of year | $41,524 | $35,550 | $26,558 |
| Other changes in net assets or fund balances | $0 | $0 | $-3,119 |
| Net assets or fund balances at end of year | $26,558 | $22,021 | |
| Balance Sheets | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Total assets | $35,550 | $26,558 | $22,021 |
| Total liabilities | $0 | $0 | $0 |
| Net assets or fund balances | $35,550 | $26,558 | $22,021 |
| Other Information | |||
| 2011 | 2012 | 2013 | |
|---|---|---|---|
| Did the organization engage in any significant activity not previously reported to the IRS? | No | No | |
| Were any significant changes made to the organizing or governing documents? | No | No | |
| Did the organization have unrelated business gross income of $1,000 or more during the year from business activities | No | No | No |
| Has the organization filed a Form 990-T for the year? | No | No | |
| Did the organization undergo a liquidation, dissolution, termination, or significant disposition of net assets during the year? | No | No | |
| Amount of political expenditures, direct or indirect | $0 | $0 | |
| Did the organization file Form 1120-POL for this year? | No | No | |
| Did the organization borrow from, or make any loans to, any officer, director, trustee, or key employee or were any such loans made in a prior year and still outstanding at the end of the tax year covered by this return? | No | No | |
| Total amount involved | $0 | $0 | |
| Initiation fees and capital contributions | $0 | $0 | $0 |
| Gross receipts for public use of club facilities | $0 | $0 | $0 |
| Did the organization engage in any section 4958 excess benefit transaction during the year, or did it engage in an excess benefit transaction in a prior year that has not been reported on any of its prior Forms 990 or 990-EZ? | No | No | |
| At any time during the tax year, was the organization a party to a prohibited tax shelter transaction? | No | No | |
| Reason for Public Charity Status (for 2013) | |
| The organization is not a private foundation because it is: | An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi) |
| Number of organizations supported | 0 |
| Sum of amounts of support | $0 |
| Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013) | |
| 2009 - 2013 Total | |
|---|---|
| Public Support | $279,692 |
| Subtotal Support | $279,692 |
| Gifts, grants, contributions, and membership fees received | $279,692 |
| Tax revenues levied for the organization's benefit and either paid to or expended on its behalf | $0 |
| The value of services or facilities furnished by a governmental unit to the organization without charge | $0 |
| The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support | $0 |
| Total Support | $279,692 |
| Public Support | $279,692 |
| Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources | $0 |
| Net income from unrelated business activities, whether or not the business is regularly carried on | $0 |
| Other income. Do not include gain or loss from the sale of capital assets | $0 |
| Gross receipts from related activities, etc. | $0 |
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| Other organizations in Ohio | |||||
| Id | Name | Address | State | Established | Total Income |
|---|---|---|---|---|---|
| 1 | Lorain County Mission | PO BOX 1085, Elyria, OH 44036-1085 | OH | 2000-11 | $93,341 |
| 2 | Lorain County Office On Aging Inc | 320 N Gateway, Elyria, OH 44035-4955 | OH | 1974-07 | $921,932 |
| 3 | Lorain County Reinvestment Coalition | 2500 Elyria Ave, Lorain, OH 44055-1367 | OH | 2000-11 | $136,956 |
| 4 | Lorain County Safe Harbor Corp | PO BOX 1283, Elyria, OH 44036-1283 | OH | 1995-08 | $536,599 |
| 5 | Lorain County Society For The Prevention Of Cruelty To Animals | PO BOX 105, Lorain, OH 44052-0105 | OH | 1975-05 | $516,334 |
| 6 | Lorain County Tropical Greenhouse And Museum Association | 1366 W 2nd St, Lorain, OH 44052-1332 | OH | 1992-04 | $17,967 |
| 7 | Lorain County Urban League Inc | 200 Middle Ave, Elyria, OH 44035-5625 | OH | 1979-03 | $1,043,471 |
| 8 | Lorain County Visitors Bureau Inc | 8225 Leavitt Rd, Amherst, OH 44001-2715 | OH | 1987-12 | $447,142 |
| 9 | Lorain Education Association | 4459 Oberlin Avenue, Lorain, OH 44053-3196 | OH | 1971-05 | $433,369 |
| 10 | Lorain Foundation | 457 Broadway, Lorain, OH 44052-1739 | OH | 1973-01 | $285,280 |
| 11 | Lorain Growth Corporation | 615 Broadway, Lorain, OH 44052-1803 | OH | 1998-04 | $103,951 |
| 12 | Lorain Jewish Welfare Fund | 26 North Cedar Street, Oberlin, OH 44074-1530 | OH | 1981-07 | $50,363 |
| 13 | Lorain School Employees Credit Union Inc | 4459 Oberlin Ave Ste 101, Lorain, OH 44053-3196 | OH | 1969-04 | $586,992 |
| 14 | Lorain Sports Hall Of Fame Inc | 1630 W 28th St, Lorain, OH 44052-4407 | OH | 2005-09 | $37,251 |
| 15 | Lorain Urban Minority Alcoholism And Drug Abuse Outreach Program | 2314 Kelly Pl, Lorain, OH 44052-4838 | OH | 1992-03 | $417,780 |
| 16 | Lorain Youth Baseball Inc | PO BOX 262, Lorain, OH 44052 | OH | 1989-03 | $122,640 |
| 17 | Lorain-Medina Rural Electric Coop Inc | PO BOX 158, Wellington, OH 44090-0158 | OH | 1938-10 | $36,225,016 |
| 18 | Lorain-Medina Rural Electric People Fund Inc | 22898 West Rd, Wellington, OH 44090-9474 | OH | 1999-05 | $77,665 |
| 19 | Loraine County Heritage Inc | 8025 Leavitt Rd, Amherst, OH 44001-2711 | OH | 2002-04 | $19,762 |
| 20 | Loramie Watershed Association Inc | Po Box 162, Ft Loramie, OH 45845 | OH | 1994-02 | $0 |
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