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Nonprofit · EIN 34-6577091

LIMA COMMUNITY FOUNDATION

Tax-exempt · LIMA, OH 45802

Financials

$672K$1.1M2023$8.3M$786K2024
Revenue Expenses · by fiscal year end
Financials of LIMA COMMUNITY FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$8,324,539$785,576$7,538,963$15,250,687$5,446$15,245,241
December 31, 2023990$672,387$1,099,443-$427,056$8,307,246$7,317$8,299,929
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$6,292,287
Program service revenue
$0
Investment income
$2,032,252
Net gain from sales of assets
$1,692,617
Other revenue
$0

Expenses

Grants and similar amounts paid
$302,239
Compensation of officers, directors and key employees
$60,577
Salaries, compensation and benefits (total)
$65,331
Professional fundraising fees
$0
Accounting fees
$5,481
Occupancy
$15,364
Travel
$2,863
Program services (functional)
$637,761
Management and general (functional)
$96,764
Fundraising (functional)
$51,051

Balance sheet and other

Total assets, start of year
$8,307,246
Total assets, end of year
$15,250,687
Total liabilities, end of year
$5,446
Net assets, end of year
$15,245,241
Publicly traded securities
$14,938,856
Net assets without donor restrictions
$528,993
Net assets with donor restrictions
$14,716,248
Gross receipts
$12,631,306
Employees
1
Year formed
1965
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 / weekCompensation
Robin FrazierExecutive Director40$60,577
Robert J MeredithBoard Member
Trustee or director
1$0
Deanna Reynolds-GriffinSecretary
Trustee or director
5$0
Beth KeehnPresident
Trustee or director
5$0
Parker MacDonellBoard Member
Trustee or director, Officer
1$0
Karen A BoitnottPast President
Trustee or director, Officer
1$0
Robert E ShenkBoard Member
Trustee or director
1$0
Jared WalshTreasurer
Trustee or director
5$0
Everett S Kirk IIIVice President
Trustee or director, Officer
5$0
Todd WashamBoard Member
Trustee or director
1$0
990 for the year ended December 31, 2023: 6 people
NameTitleHours / weekCompensation
Robert J MeredithPast President
Trustee or director
1$0
Parker MacDonellSec/Treasurer
Trustee or director, Officer
5$0
Karen A BoitnottPresident
Trustee or director, Officer
5$0
Robert E ShenkBoard Member
Trustee or director
1$0
Everett S Kirk IIIVice President
Trustee or director, Officer
5$0
Elizabeth W WingetBoard Member
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 1086, LIMA, OH 45802-1086
In care of
% JOHN MACDONELL TREAS
Signed the 990
Beth Keehn, President
Phone
(419) 221-5928
Return prepared by
ES Evans and Company

Mission

To promote philanthropy, and provide stewardship and leadership to enhance the use of community resources to meet the needs of Lima's residents.

990 for the year ended December 31, 2024

Program accomplishments

  • Grants paid to or on behalf of local organizations
    Expenses $637,761 · grants $302,239

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
34-6577091
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
1966
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$15,250,687
Income (IRS master file)
$12,631,306

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$8,324,539$785,576$15,250,687XML
990December 2023$672,387$1,099,443$8,307,246XML
990December 2022$2,095,392$570,752$8,157,098IRS
990December 2021–––IRS
990December 2020–––IRS
990June 2019–––IRS
990June 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 34-6577091).

Questions about LIMA COMMUNITY FOUNDATION

What is the EIN of LIMA COMMUNITY FOUNDATION?
The employer identification number (EIN) of LIMA COMMUNITY FOUNDATION is 34-6577091.
Is LIMA COMMUNITY FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1966.
Are donations to LIMA COMMUNITY FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LIMA COMMUNITY FOUNDATION 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 LIMA COMMUNITY FOUNDATION 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 LIMA COMMUNITY FOUNDATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who are the officers and directors of LIMA COMMUNITY FOUNDATION?
The 990 for the year ended December 31, 2024 lists 10 people; 1 received compensation from the organization, the highest $60,577 (Robin Frazier, Executive Director).
How much revenue does LIMA COMMUNITY FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $8,324,539, expenses of $785,576 and total assets of $15,250,687 at year end.

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