Nonprofit · EIN 34-1381822
LEARNING ABOUT BUSINESS INC
Tax-exempt · PAINESVILLE, OH 44077
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990-EZ | $83,494 | $78,455 | $5,039 | $214,916 | $0 | $214,916 |
| August 31, 2024 | 990-EZ | $108,957 | $74,005 | $34,952 | $208,773 | $0 | $208,773 |
| August 31, 2023 | 990-EZ | $50,864 | $76,057 | -$25,193 | $170,340 | – | $170,340 |
Financial details: 990-EZ for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $54,248
- Program service revenue
- $6,650
- Investment income
- $22,596
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $29,040
- Professional fees and payments to contractors
- $12,434
- Printing, publications and postage
- $1,709
- Other expenses
- $35,272
- Program services (functional)
- $35,392
Balance sheet and other
- Total assets, start of year
- $208,773
- Total assets, end of year
- $214,916
- Total liabilities, end of year
- $0
- Net assets, end of year
- $214,916
- Cash, savings and investments
- $214,916
- Gross receipts
- $83,494
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-EZ for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY LAMPHIER | BOARD CHAIR | 2 | $0 |
| PAUL PAHORESKY | FINANCE CHAIR | 1 | $0 |
| PETER DEROOY | FUND DEVELOPMENT CHAIR | 1 | $0 |
| ELLIA DE LA GARZA | DIRECTOR | 1 | $0 |
| ANNA DEY | DIRECTOR | 1 | $0 |
| EMILY DIZER | DIRECTOR | 1 | $0 |
| MARY DURRA | DIRECTOR | 1 | $0 |
| JENNIFER KINNAIRD PHD | DIRECTOR | 1 | $0 |
| KURT MCGINNIS | DIRECTOR | 1 | $0 |
| DONALD WAYNE MCLEOD | DIRECTOR | 1 | $0 |
| TONY SHICK | DIRECTOR | 1 | $0 |
| DANIEL SELLE | DIRECTOR | 1 | $0 |
990-EZ for the year ended August 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY LAMPHIER | BOARD CHAIR | 2 | $0 |
| PAUL PAHORESKY | FINANCE CHAIR | 1 | $0 |
| PETER DEROOY | FUND DEVELOPMENT CHAIR | 1 | $0 |
| ELLIA DE LA GARZA | DIRECTOR | 1 | $0 |
| ANNA DEY | DIRECTOR | 1 | $0 |
| EMILY DIZER | DIRECTOR | 1 | $0 |
| MARY DURRA | DIRECTOR | 1 | $0 |
| JENNIFER KINNAIRD PHD | DIRECTOR | 1 | $0 |
| KURT MCGINNIS | DIRECTOR | 1 | $0 |
| DONALD WAYNE MCLEOD | DIRECTOR | 1 | $0 |
| TONY SHICK | DIRECTOR | 1 | $0 |
| DANIEL SELLE | DIRECTOR | 1 | $0 |
990-EZ for the year ended August 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARIE GRAF | EXECUTIVE DI | 18 | $26,400 |
| PETE DEROOY | PAST CHARIMA | 2 | $0 |
| PAUL PAHORESKY | FINANCE CHAI | 2 | $0 |
| LARRY LAMPHIER | CHAIR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 391 W WASHINGTON ST, PAINESVILLE, OH 44077-3309
- In care of
- % MARIE GRAF
- Signed the 990-EZ
- MARIE GRAF, EXECUTIVE DIRECTOR
- Phone
- (440) 375-7185
- Return prepared by
- PRP & ASSOCIATES
Mission
THE ORGANIZATION PUTS ON A ONE WEEK INTENSIVE SUMMER CAMP FOR HIGHSCHOOL STUDENTS WHERE THEY LEARN ABOUT THE ROLE OF BUSINESS IN SOCIETY AND LEARN ABOUT BUSINESS IN GENERAL.
Program accomplishments
- THE PROGRAM SPONSORS ONE WEEK INTENSIVE SUMMER CAMP FOR HIGHSCHOOL STUDENTS TO LEARN ABOUT THE ROLE OF BUSINESS IN SOCIETY AND TO LEARN ABOUT BUSINESS IN GENERALExpenses $35,392 · grants $29,900
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 | 990-EZ on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-EZ on file |
IRS record
- EIN
- 34-1381822
- 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
- 1983
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O53Z)
- Assets (IRS master file)
- $214,916
- Income (IRS master file)
- $83,494
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | August 2025 | $83,494 | $78,455 | $214,916 | XML |
| 990-EZ | August 2024 | $108,957 | $74,005 | $208,773 | XML |
| 990-EZ | August 2023 | $50,864 | $76,057 | $170,340 | XML |
| 990 | August 2022 | $58,047 | $68,101 | $194,334 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990-EZ | August 2019 | – | – | – | IRS |
| 990-EZ | August 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 34-1381822).
Questions about LEARNING ABOUT BUSINESS INC
- What is the EIN of LEARNING ABOUT BUSINESS INC?
- The employer identification number (EIN) of LEARNING ABOUT BUSINESS INC is 34-1381822.
- Is LEARNING ABOUT BUSINESS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to LEARNING ABOUT BUSINESS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEARNING ABOUT BUSINESS INC 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 LEARNING ABOUT BUSINESS INC 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 LEARNING ABOUT BUSINESS INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended August 2025.
- Who are the officers and directors of LEARNING ABOUT BUSINESS INC?
- The 990-EZ for the year ended August 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does LEARNING ABOUT BUSINESS INC have?
- On its 990-EZ for the year ended August 31, 2025 it reported revenue of $83,494, expenses of $78,455 and total assets of $214,916 at year end.
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