Lorain Sports Hall Of Fame Inc is located in Amherst, OH. The organization was established in 2005. According to its NTEE Classification (A50) the organization is classified as: Museums, 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. Lorain Sports Hall Of Fame Inc 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 07/2024, Lorain Sports Hall Of Fame Inc generated $49.8k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.2% each year. All expenses for the organization totaled $36.7k during the year ending 07/2024. While expenses have increased by 0.4% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2024
Describe the Organization's Program Activity:
Part 3
THE ORGANIZATION OPERATES A MUSEUM, HOLDS AN ANNUAL INDUCTION BANQUET AND PROVIDES SCHOLARSHIPS TO SENIORSFROM LORAIN CITY SCHOOLS
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff King Vice President | 4 | $0 | |
Rebecca Bednarski Secretary | 4 | $0 | |
Brian Bastock Treasurer | 4 | $0 | |
Larry Reardon President | 4 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $11,101 |
| Total Program Service Revenue | $22,097 |
| Membership dues | $0 |
| Investment income | $4 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $16,548 |
| Other Revenue | $0 |
| Total Revenue | $49,750 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $1,250 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $232 |
| Other expenses | $30,748 |
| Total expenses | $36,730 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $26,290 |
| Other assets | $0 |
| Total assets | $26,290 |
| Total liabilities | $0 |
| Net assets or fund balances | $26,290 |