Toledo Law Association
- Assets
- $3.7m
- Revenue
- $284.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Toledo, OH
- Founding
- 09/2014
- Data as of
- 12/2023
- EIN
- 34-6525936
Organization Overview
Toledo Law Association is located in Toledo, OH. The organization was established in 2014. According to its NTEE Classification (N60) the organization is classified as: Amateur Sports, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Toledo Law Association is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 12/2023, Toledo Law Association generated $284.4k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $325.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SUPPORT OF LEGAL EDUCATION IN LUCAS COUNTY, OHIO.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADVISORY AND FINANCIAL SUPPORT OF LEGAL EDUCATION IN LUCAS COUNTY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie J Fatica 2nd Vice Pre | OfficerTrustee | 2 | $0 |
Michael R Goulding Trustee | Trustee | 2 | $0 |
Frank D Jacobs 1st Vp/treas | OfficerTrustee | 2 | $0 |
Adam S Nightingale Trustee Ex O | Trustee | 2 | $0 |
Christopher Parker Trustee | Trustee | 2 | $0 |
James F Nooney Sr Trustee | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| 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 | $0 |
| Total Program Service Revenue | $9,510 |
| Investment income | $112,974 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $161,889 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $284,373 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $284,435 |
| 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 | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,025 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $27,056 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $1,696 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $2,638 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,697 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,744 |
| All other expenses | $0 |
| Total functional expenses | $325,286 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,223 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $3,735,812 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $3,746,035 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $3,746,035 |
| 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 | $3,746,035 |
Grants Awarded
Over the last fiscal year, Toledo Law Association has awarded $284,435 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATES FOR BASIC LEGAL EQUALITY PURPOSE: CASE MGMT SYSTEM | $221,050 |
LUCAS COUNTY LAW LIBRARY PURPOSE: PROP & STAFF IMPROV. | $10,955 |
TOLEDO LEGAL AID SOCIETY PURPOSE: LEXISNEXIS SYSTEM | $16,496 |
TOLEDO BAR ASSOCIATION PURPOSE: NETWORK/MENTORING | $35,934 |