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Nonprofit · EIN 34-1322781

COMMUNITY FOUNDATION OF LORAIN COUNTY

Tax-exempt · ELYRIA, OH 44035

Financials

$7.9M$8.3M2023$7.6M$8M2024
Revenue Expenses · by fiscal year end
Financials of COMMUNITY FOUNDATION OF LORAIN COUNTY by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$7,606,198$7,962,148-$355,950$167,885,452$21,075,227$146,810,225
December 31, 2023990$7,945,858$8,320,617-$374,759$155,503,428$19,887,167$135,616,261
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$3,397,531
Program service revenue
$0
Investment income
$4,008,292
Net rental income
$45,167
Net gain from sales of assets
$1,154,593
Net income from fundraising events
-$657
Other revenue
$200,375

Expenses

Grants and similar amounts paid
$5,480,724
Compensation of officers, directors and key employees
$338,117
Other salaries and wages
$647,507
Salaries, compensation and benefits (total)
$1,231,958
Professional fundraising fees
$0
Legal fees
$2,802
Accounting fees
$16,099
Occupancy
$158,412
Depreciation
$19,316
Program services (functional)
$6,163,149
Management and general (functional)
$1,207,475
Fundraising (functional)
$591,524

Balance sheet and other

Total assets, start of year
$155,503,428
Total assets, end of year
$167,885,452
Total liabilities, end of year
$21,075,227
Net assets, end of year
$146,810,225
Land, buildings and equipment
$2,219,674
Publicly traded securities
$82,631,654
Net assets without donor restrictions
$146,663,640
Net assets with donor restrictions
$146,585
Gross unrelated business income
$172,430
Gross receipts
$35,939,914
Employees
16
Volunteers
100
Year formed
1980
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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
CYNTHIA H ANDREWSPRESIDENT & CEO
Officer
50$184,487$34,153
JAMES A STOBECFO
Officer
50$132,610$17,002
CHARLITA ANDERSON-WHITECHAIRPERSON
Trustee or director, Officer
2$0$0
ISABELLA BARBDIRECTOR
Trustee or director
1$0$0
LEE BELARDODIRECTOR
Trustee or director
1$0$0
ELIZABETH BOSELA-BULLOCKDIRECTOR
Trustee or director
1$0$0
KEITH BROWNDIRECTOR
Trustee or director
1$0$0
BRIAN BURKEDIRECTOR
Trustee or director
1$0$0
VERONICA GILBERTDIRECTOR
Trustee or director
2$0$0
MARIA GREGADIRECTOR
Trustee or director
1$0$0
PAUL GREGORYDIRECTOR
Trustee or director
1$0$0
PREETHI TINA KISHMANSECRETARY
Trustee or director, Officer
1$0$0
AG MILLERDIRECTOR
Trustee or director
1$0$0
KIONNA MCINTOSH-PHARMSDIRECTOR
Trustee or director
1$0$0
JACOB MORRISDIRECTOR
Trustee or director
1$0$0
8 more people on this return
NameTitleHours / weekCompensation
JUDITH RECKNAGELDIRECTOR
Trustee or director
1$0
DONNA RIVERA-WELLSDIRECTOR
Trustee or director
1$0
NICK ROSSVICE CHAIRPERSON
Trustee or director, Officer
2$0
ANN SCHLOSSDIRECTOR
Trustee or director
1$0
MICHAEL SHEBAKDIRECTOR
Trustee or director
1$0
KANDIS TAYLORDIRECTOR
Trustee or director
1$0
EILEEN TORRESTREASURER
Trustee or director, Officer
2$0
MAGGIE ELLISDIRECTOR
Trustee or director
1$0
990 for the year ended December 31, 2023: 22 people
NameTitleHours / weekCompensationOther / benefits
CYNTHIA H ANDREWSPRESIDENT AND CEO
Officer
50$175,330$26,365
JAMES A STOBECFO
Officer
50$125,853$22,679
CHARLITA ANDERSON-WHITECHAIRPERSON
Trustee or director, Officer
2$0$0
MICHELLE BARBDIRECTOR
Trustee or director
1$0$0
LEE BELARDODIRECTOR
Trustee or director
1$0$0
EVAN BELLAMYDIRECTOR
Trustee or director
1$0$0
KEITH BROWNDIRECTOR
Trustee or director
1$0$0
BRIAN BURKEDIRECTOR
Trustee or director
1$0$0
REYNALDO CARRIONVICE CHAIRPERSON
Trustee or director, Officer
2$0$0
VERONICA GILBERTTREASURER
Trustee or director, Officer
2$0$0
MARIA GREGADIRECTOR
Trustee or director
1$0$0
PAUL GREGORYDIRECTOR
Trustee or director
1$0$0
PREETHI TINA KISHMANDIRECTOR
Trustee or director
1$0$0
A G MILLERDIRECTOR
Trustee or director
1$0$0
REGAN PHILLIPSDIRECTOR
Trustee or director
1$0$0
JUDITH RECKNAGELDIRECTOR
Trustee or director
1$0$0
DONNA RIVERA-WELLSDIRECTOR
Trustee or director
1$0$0
NICK ROSSDIRECTOR
Trustee or director
1$0$0
ANN SCHLOSSDIRECTOR
Trustee or director
1$0$0
MICHAEL SHEBAKDIRECTOR
Trustee or director
1$0$0
EILEEN TORRESDIRECTOR
Trustee or director
1$0$0
RANDY WAGNERSECRETARY
Trustee or director, Officer
2$0$0

Address and contacts

Address (IRS master file)
9080 LEAVITT RD, ELYRIA, OH 44035-4210
Principal officer (990 for 2024)
CYNTHIA H ANDREWS, 9080 LEAVITT ROAD, ELYRIA, OH 44035
Signed the 990
CYNTHIA H ANDREWS, PRESIDENT & CEO
Phone
(440) 984-7390
Return prepared by
MALONEY NOVOTNY LLC

Mission

THE COMMUNITY FOUNDATION RESPONDS TO THE CHANGING NEEDS OF THE COMMUNITY BY MAKING GRANTS TO LOCAL NONPROFIT ORGANIZATIONS, AWARDING SCHOLARSHIPS TO HELP LOCAL STUDENTS, WORKING TOGETHER WITH DONORS TO BUILD COMMUNITY ENDOWMENT AND PROVIDING LEADERSHIP ON KEY COMMUNITY ISSUES.

990 for the year ended December 31, 2024

Program accomplishments

  • THE COMMUNITY FOUNDATION IS A GRANTMAKING ORGANIZATION. APPROXIMATELY ONE-THIRD OF THE GRANTS AUTHORIZED IN 2024 WERE DIRECTED BY THE BOARD TOWARD STRATEGIC INITIATIVES AND COMMUNITY RESPONSIVE REQUESTS THAT ADDRESS VITAL COMMUNITY NEEDS IN LORAIN COUNTY AND TO RESPOND TO EMERGING OPPORTUNITIES IN A WIDE RANGE OF CHARITABLE ORGANIZATIONS IN LORAIN COUNTY. GRANTS AWARDED THROUGH A COMPETITIVE PROCESS IN 2024 SUPPORTED PROGRAMS ACROSS A DIVERSE IMPACT AREA, SUCH AS ANIMALS AND ENVIRONMENT, ARTS AND CULTURE, EDUCATION, HEALTH, HUMAN SERVICES, AND PUBLIC BENEFIT. THE REMAINING GRANTS AUTHORIZED IN 2024 WERE AS DESIGNATED TO THE COMMUNITY FOUNDATION FROM DESIGNATED, DONOR ADVISED OR AGENCY FUNDS.
    Expenses $5,607,267 · grants $4,924,842 · revenue $155,865
  • OVER 190 SCHOLARSHIPS FOR EDUCATION BEYOND HIGH SCHOOL WERE AWARDED TO STUDENTS AS DIVERSE AS THE DONORS WHO CREATED THE SCHOLARSHIP FUNDS. IN 2024, SCHOLARSHIPS WERE AWARDED FOR TECH PROGRAMS, CREATIVE WRITING, JOURNALISM, MEDICAL PROGRAMS, AND MANY OTHER ADVANCED LEARNING PURSUITS.
    Expenses $555,882 · grants $555,882

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
34-1322781
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1981
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$167,885,452
Income (IRS master file)
$35,939,914

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$7,606,198$7,962,148$167,885,452XML
990-TDecember 2024–––IRS
990December 2023$7,945,858$8,320,617$155,503,428XML
990-TDecember 2023–––IRS
990December 2022$4,276,372$8,387,928$140,093,745IRS
990-TDecember 2022–––IRS
990December 2021–––IRS
990-TDecember 2021–––IRS
990December 2020–––IRS
990-TDecember 2020–––IRS
990December 2018–––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 34-1322781).

Questions about COMMUNITY FOUNDATION OF LORAIN COUNTY

What is the EIN of COMMUNITY FOUNDATION OF LORAIN COUNTY?
The employer identification number (EIN) of COMMUNITY FOUNDATION OF LORAIN COUNTY is 34-1322781.
Is COMMUNITY FOUNDATION OF LORAIN COUNTY tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1981.
Are donations to COMMUNITY FOUNDATION OF LORAIN COUNTY tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does COMMUNITY FOUNDATION OF LORAIN COUNTY 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 COMMUNITY FOUNDATION OF LORAIN COUNTY due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did COMMUNITY FOUNDATION OF LORAIN COUNTY last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of COMMUNITY FOUNDATION OF LORAIN COUNTY?
The 990 for the year ended December 31, 2024 names CYNTHIA H ANDREWS.
Who are the officers and directors of COMMUNITY FOUNDATION OF LORAIN COUNTY?
The 990 for the year ended December 31, 2024 lists 23 people; 2 received compensation from the organization, the highest $184,487 (CYNTHIA H ANDREWS, PRESIDENT & CEO).
How much revenue does COMMUNITY FOUNDATION OF LORAIN COUNTY have?
On its 990 for the year ended December 31, 2024 it reported revenue of $7,606,198, expenses of $7,962,148 and total assets of $167,885,452 at year end.

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