Nonprofit · EIN 23-7083652
LORAIN EDUCATION ASSOCIATION
Tax-exempt · LORAIN, OH 44052
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2024 | 990 | $549,633 | $550,268 | -$635 | $65,216 | $0 | $65,216 |
Financial details: 990 for the year ended August 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $524,028
- Investment income
- $0
- Other revenue
- $25,605
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Program services (functional)
- $550,268
Balance sheet and other
- Total assets, start of year
- $69,411
- Total assets, end of year
- $65,216
- Total liabilities, end of year
- $0
- Net assets, end of year
- $65,216
- Land, buildings and equipment
- $4,621
- Gross receipts
- $549,633
- Employees
- 0
- Year formed
- 1979
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended August 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| CAROL CORRETHER | VICE PRESIDENT Officer | 20 | $0 |
| JULIE GARCIA | PRESIDENT Officer | 40 | $0 |
| TEODOR MORTI | TREASURER Officer | 20 | $0 |
| SANDRA PELOQUIN | SECRETARY Officer | 20 | $0 |
Address and contacts
- Address (IRS master file)
- 1930 W 19TH ST, LORAIN, OH 44052-4014
- Signed the 990
- JULIA GARCIA, PRESIDENT
- Return prepared by
- E D NORTHCUTT ACCT SVS
Mission
TO SECURE FOR THE PEOPLE OF LORAIN A STABLE BASIS FOR HARMONIOUS AND COOPERATIVE OPERATION OF THE SCHOOL SYSTEM, THE EDUCATION ASSOCIATION AND THE BOARD OF EDUCATION.
Program accomplishments
- TO SECURE FOR THE PEOPLE OF LORAIN A STABLE BASIS FOR HARMONIOUS AND COOPERATIVE OPERATION OF THE SCHOOL SYSTEM, THE EDUCATION ASSOCIATION AND THE BOARD OF EDUCATION.Expenses $550,268 · revenue $549,633
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | Not on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990 on file |
IRS record
- EIN
- 23-7083652
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Donations deductible
- No
- Exempt since
- 1971
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $65,216
- Income (IRS master file)
- $549,633
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | August 2024 | $549,633 | $550,268 | $65,216 | XML |
| 990 | August 2023 | $534,048 | $529,817 | $69,411 | IRS |
| 990 | August 2022 | – | – | – | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 23-7083652).
Questions about LORAIN EDUCATION ASSOCIATION
- What is the EIN of LORAIN EDUCATION ASSOCIATION?
- The employer identification number (EIN) of LORAIN EDUCATION ASSOCIATION is 23-7083652.
- Is LORAIN EDUCATION ASSOCIATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1971.
- Are donations to LORAIN EDUCATION ASSOCIATION tax-deductible?
- No. The IRS master file says contributions to it are not deductible.
- Which annual return does LORAIN EDUCATION ASSOCIATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LORAIN EDUCATION ASSOCIATION due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LORAIN EDUCATION ASSOCIATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended August 2024.
- Who are the officers and directors of LORAIN EDUCATION ASSOCIATION?
- The 990 for the year ended August 31, 2024 lists 4 people; 0 received compensation from the organization.
- How much revenue does LORAIN EDUCATION ASSOCIATION have?
- On its 990 for the year ended August 31, 2024 it reported revenue of $549,633, expenses of $550,268 and total assets of $65,216 at year end.
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