Greater Lima Region Inc
- Assets
- $1.5m
- Revenue
- $486.1k
- Investments
- $0.0
- Employees
- 2
- Location
- Lima, OH
- Founding
- 05/2017
- Data as of
- 12/2022
- EIN
- 81-5315417
Organization Overview
Greater Lima Region Inc is located in Lima, OH. The organization was established in 2017. According to its NTEE Classification (S21) the organization is classified as: Community Coalitions, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Greater Lima Region Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Greater Lima Region 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 12/2022, Greater Lima Region Inc generated $486.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (9.8%) each year. All expenses for the organization totaled $524.1k during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO WORK ACROSS BOUNDARIES TO GROW OUR REGION THROUGH BUSINESS GROWTH AND CAPITAL INVESTMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE GREATER LIMA REGION, INC HAS THE STRATEGIC FOCUS TO REDEVELOP AND REVITALIZE THE GREATER LIMA, OHIO REGION BY PROMOTING COMMUNITY AND ECONOMIC DEVELOPMENT, OVERSEEING PROJECTS AND PROGRAMS DESGNED TO STREGTHEN AND IMPROVE THE REGION, IMPROVING THE ECONOMY OF THE REGION BY DEVELOPING, ATTRACTING, EXPANDING AND RETAINING BUSINESS, INDUSTRIAL, EDUCATIONAL, CULTURAL, CIVIC, COMMUNITY AND OTHER ENTERPRISES IN THE REGION AND ASSISTING WITH WORKFORCE DEVELOPMENT INCLUDING DEVELOPING, ATTRACTING, EXPANDING AND RETAINING JOBS FOR THE PEOPLE OF THE REGION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mike Swick Secretary/ Treasurer | OfficerTrustee | 1 | $0 |
Ronda Lehman Board Vice Chair | OfficerTrustee | 1 | $0 |
Phil Buell Board Chair | OfficerTrustee | 1 | $0 |
Barry Clark Board Member | Trustee | 1 | $0 |
John Heaphy Board Member | Trustee | 1 | $0 |
Dr Jane Wood Board Member | Trustee | 1 | $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 | $465,500 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $465,500 |
| Total Program Service Revenue | $0 |
| Investment income | $5,631 |
| 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 | $486,141 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $276,200 |
| 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. | $132,173 |
| Compensation of current officers, directors, key employees. | $52,869 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $52,000 |
| Pension plan accruals and contributions | $1,450 |
| Other employee benefits | $11,417 |
| Payroll taxes | $13,840 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $22,510 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $296 |
| Advertising and promotion | $3,116 |
| Office expenses | $137 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $501 |
| 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 | $345 |
| Insurance | $1,692 |
| All other expenses | $224 |
| Total functional expenses | $524,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $208,840 |
| Savings and temporary cash investments | $1,208,005 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $50,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $690 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,494,535 |
| Accounts payable and accrued expenses | $9,393 |
| 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 | $9,393 |
| Net assets without donor restrictions | $1,485,142 |
| 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 | $1,494,535 |
Grants Awarded
Over the last fiscal year, Greater Lima Region Inc has awarded $270,200 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
ROTARY CLUB OF LIMA PURPOSE: DOWNTOWN AMPHITHEATER PROJECT | $23,200 |
ALLEN ECONOMIC DEVELOPMENT GROUP PURPOSE: PROGRAM AND OPERATIONAL FUNDING | $240,000 |
WAPAKONETA AREA ECONOMIC DEVELOPMENT PURPOSE: PROGRAM AND OPERATIONAL FUNDING | $7,000 |