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Nonprofit · EIN 85-0793147

LORAIN REVITALIZATION ASSOCIATION

Also known as MAIN STREET LORAIN

Tax-exempt · LORAIN, OH 44052

Financials

$113K$103K2023$167K$135K2024
Revenue Expenses · by fiscal year end
Financials of LORAIN REVITALIZATION ASSOCIATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-EZ$167,396$134,590$32,806$144,853$3,687$141,166
December 31, 2023990-EZ$113,157$103,293$9,864$114,037$5,677$108,360
Financial details: 990-EZ for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$128,646
Membership dues
$27,500
Net income from fundraising events
$11,250

Expenses

Compensation of officers, directors and key employees
$63,398
Salaries, compensation and benefits (total)
$76,647
Professional fees and payments to contractors
$17,901
Occupancy
$6,623
Printing, publications and postage
$2,087
Other expenses
$31,332
Program services (functional)
$107,672

Balance sheet and other

Total assets, start of year
$114,037
Total assets, end of year
$144,853
Total liabilities, end of year
$3,687
Net assets, end of year
$141,166
Cash, savings and investments
$144,462
Gross receipts
$183,706

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
MAX SCHAEFEREXECUTIVE DIRECTOR40$63,398
ALEXANDER BARTONMEMBER1$0
LENA PARKSTREASURER1$0
PAT MORRISSONSECRETARY1$0
JOEL ARREDONDOMEMBER1$0
SAMANTHA FLORESVICE PRESIDENT1$0
DEE VICKERS BAKERMEMBER0$0
KATELYN GONZALEZMEMBER1$0
MIA ARREDONDOMEMBER0$0
JOYCE FERLIC-ARREDONDOMEMBER1$0
ALI CARIGLIO-COCCOMEMBER1$0
NATASHA CRESAPMEMBER0$0
TIFFANY MCCLELLANDMEMBER0$0
BEN NORTONMEMBER1$0
JOE HARPER KOWALCZYKMEMBER1$0
6 more people on this return
NameTitleHours / weekCompensation
CANDICE PETTIGREWMEMBER0$0
JEVON TERANCEMEMBER1$0
CARL NIELSENMEMBER1$0
RYAN ARONEYMEMBER1$0
JULIE CRUZ BLAIRMEMBER0$0
KELSEY OROSANMEMBER0$0
990-EZ for the year ended December 31, 2023: 19 people
NameTitleHours / weekCompensation
ALEXANDER BARTONMEMBER1$0
CHRISTOPHER COCCOPresident3$0
PAT MORRISSONSecretary1$0
JOEL ARREDONDOMEMBER1$0
SAMANTHA FLORESVice President1$0
DEE VICKERS BAKERMEMBER0$0
KATELYN GONZALEZMEMBER1$0
MIA ARREDONDOMEMBER0$0
JOYCE FERLIC-ARREDONDOMEMBER1$0
DINA FERRERMEMBER1$0
NATASHA CRESAPMEMBER0$0
TIFFANY MCCLELLANDMEMBER0$0
BEN NORTONTreasurer1$0
BEN MANIACIMEMBER1$0
CANDICE PETTIGREWMEMBER0$0
JEVON TERANCEMEMBER1$0
RYAN ARONEYMEMBER1$0
JULIE CRUZ BLAIRMEMBER0$0
KELSEY OROSANMEMBER0$0

Address and contacts

Address (IRS master file)
642 BROADWAY AVE SUITE 1, LORAIN, OH 44052-1804
In care of
% MAX SCHAEFER
Signed the 990-EZ
MAX SCHAEFER, EXECUTIVE DIRECTOR
Phone
(440) 865-2421
Return prepared by
Genesis Accounting and Management

Mission

PROMOTE DOWNTOWN LORAIN

990-EZ for the year ended December 31, 2024

Program accomplishments

  • TO PROMOTE COLLABORATION AND CELEBRATION AS A MEANS OF MAKING DOWNTOWN LORAIN VIBRANT AND ACCESSIBLE TO RESIDENTS AND VISITORS OF ALL AGES
    Expenses $107,672

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-EZ on file
2023December 31, 2023May 15, 2024990-EZ on file

IRS record

EIN
85-0793147
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2021
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$144,853
Income (IRS master file)
$183,706

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-EZDecember 2024$167,396$134,590$144,853XML
990-EZDecember 2023$113,157$103,293$114,037XML
990-EZDecember 2022–––IRS
990-EZDecember 2021–––IRS
990-EZDecember 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 85-0793147).

Questions about LORAIN REVITALIZATION ASSOCIATION

What is the EIN of LORAIN REVITALIZATION ASSOCIATION?
The employer identification number (EIN) of LORAIN REVITALIZATION ASSOCIATION is 85-0793147.
Is LORAIN REVITALIZATION ASSOCIATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
Are donations to LORAIN REVITALIZATION ASSOCIATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does LORAIN REVITALIZATION 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 REVITALIZATION ASSOCIATION 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 LORAIN REVITALIZATION ASSOCIATION last file with the IRS?
The latest return in the IRS public files is the 990-EZ for the year ended December 2024.
Who are the officers and directors of LORAIN REVITALIZATION ASSOCIATION?
The 990-EZ for the year ended December 31, 2024 lists 21 people; 1 received compensation from the organization, the highest $63,398 (MAX SCHAEFER, EXECUTIVE DIRECTOR).
How much revenue does LORAIN REVITALIZATION ASSOCIATION have?
On its 990-EZ for the year ended December 31, 2024 it reported revenue of $167,396, expenses of $134,590 and total assets of $144,853 at year end.

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