Ohio & Erie Canal Association
- Assets
- $422.3k
- Revenue
- $542.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Akron, OH
- Founding
- 06/1997
- Data as of
- 09/2023
- EIN
- 34-1835341
Organization Overview
Ohio & Erie Canal Association is located in Akron, OH. The organization was established in 1997. According to its NTEE Classification (A80) the organization is classified as: Historical Organizations, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio & Erie Canal 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 09/2023, Ohio & Erie Canal Association generated $542.4k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.4%) each year. All expenses for the organization totaled $542.1k during the year ending 09/2023. As we would expect to see with falling revenues, expenses have declined by (0.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ohio & Erie Canal Association has awarded 102 individual grants totaling $3,276,704. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO PRESERVE AND SUPPORT THE HISTORIC OHIO & ERIE CANAL
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO STIMULATE PUBLIC SUPPORT AND INTEREST FOR THE PRESERVATION AND DEVELOPMENT OF THE RESOURCES ALONG THE ROUTE OF THE HISTORIC OHIO AND ERIE CANAL CORRIDOR
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Chris Burnham Member | Trustee | 2 | $0 |
Michael Hardy Chair | Officer | 2 | $0 |
Mike Hoffman Vice Chair | Officer | 2 | $0 |
James Graham Treasurer | Officer | 2 | $0 |
Nick Gattozzi Secretary | Officer | 2 | $0 |
John Vallillo Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $541,657 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $541,657 |
| Total Program Service Revenue | $530 |
| Investment income | $182 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $542,369 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $199,008 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $293,779 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $24,050 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $6,870 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $542,107 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $420,976 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,313 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $422,289 |
| Accounts payable and accrued expenses | $67,165 |
| Grants payable | $170,571 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $237,736 |
| Net assets without donor restrictions | $184,553 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $422,289 |
Grants Awarded
Over the last fiscal year, Ohio & Erie Canal Association has awarded $191,207 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
TUSCARAWAS PARKS PURPOSE: canal development | $11,000 |
CANALWAY PARTNERS PURPOSE: canal development | $50,220 |
HISTORIC GATEWAY PURPOSE: canal development | $17,500 |
HISTORIC WAREHOUSE PURPOSE: canal development | $7,500 |
WESTERN RESERVE HISTORICAL SOCIETY PURPOSE: canal development | $10,000 |
OHIO & ERIE CANAL COALITION PURPOSE: Canal Development | $59,987 |