Lake Loramie Improvement Assoc
- Assets
- $82.2k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Minster, OH
- Founding
- 09/2016
- Data as of
- 12/2023
- EIN
- 34-1430944
Organization Overview
Lake Loramie Improvement Assoc is located in Minster, OH. The organization was established in 2016. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, 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. Lake Loramie Improvement Assoc 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, Lake Loramie Improvement Assoc generated $63.9k in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 14.8% each year . All expenses for the organization totaled $56.2k 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
FOR THE BETTERMENT OF ACTIVITIES IN AND AROUND LAKE LORAMIE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Leon Mertz President | 1 | $100 | |
Frank Bensman Vice Preside | 1 | $0 | |
Shelby Hoffer Secretary | 1 | $100 | |
Belinda Wolaver Treasurer | 1 | $500 | |
Julie Stueve Sargeant-At | 1 | $0 | |
Doug Winner Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $27,780 |
| Total Program Service Revenue | $3,635 |
| Membership dues | $0 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $17,438 |
| Other Revenue | $15,016 |
| Total Revenue | $63,873 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $1,159 |
| Professional fees and other payments to independent contractors | $875 |
| Occupancy, rent, utilities, and maintenance | $100 |
| Printing, publications, postage, and shipping | $3,790 |
| Other expenses | $50,244 |
| Total expenses | $56,168 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $82,187 |
| Other assets | $0 |
| Total assets | $82,187 |
| Total liabilities | $0 |
| Net assets or fund balances | $82,187 |