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Nonprofiteer
← GREATER LIMA REGION INC

Form 990 for tax year 2024

Filed by GREATER LIMA REGION INC.

Totals

Total revenue
$534,657
Total expenses
$594,705
Contributions and grants received
$519,500
Grants paid
$317,200
Program service revenue
$21,000
Investment income
-$5,843
Other revenue
$0
Total assets, end of year
$1,494,614
Total liabilities, end of year
$8,701
Net assets or fund balances, end of year
$1,485,913
Program services expenses (Part IX)
$548,792
Management and general expenses
$45,913
Fundraising expenses
$0
Program service expenses (Part III)
$548,792

Program services were 92.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $519,500

  • 2a · Program service revenue: MAKERFEST

    total $21,000 · related or exempt $21,000

  • 3 · Investment income

    total $34,124 · excluded $34,124

  • 7b · Less cost or other basis and sales expenses

    securities $39,967

  • 7c · Gain or loss

    securities -$39,967

  • 7d · Net gain or loss

    total -$39,967 · excluded -$39,967

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $317,200 · program services $317,200

  • 5 · Compensation of officers, directors and key employees

    total $156,862 · program services $156,862

  • 7 · Other salaries and wages

    total $36,000 · program services $21,600 · management and general $14,400

  • 8 · Pension plan contributions

    total $3,837 · program services $3,837

  • 9 · Other employee benefits

    total $9,532 · program services $9,532

  • 10 · Payroll taxes

    total $14,522 · program services $14,522

  • 11c · Fees: accounting

    total $31,390 · management and general $31,390

  • 11g · Fees: other

    total $553 · program services $430 · management and general $123

  • 12 · Advertising and promotion

    total $686 · program services $686

  • 13 · Office expenses

    total $1,643 · program services $1,643

  • 14 · Information technology

    total $2,667 · program services $2,667

  • 17 · Travel

    total $3,117 · program services $3,117

  • 22 · Depreciation, depletion and amortization

    total $345 · program services $345

  • 23 · Insurance

    total $1,711 · program services $1,711

  • 24a · Other expenses: MAKERFEST EXPENSES

    total $10,000 · program services $10,000

  • 24b · Other expenses: DUES AND SUBSCRIPTIONS

    total $4,640 · program services $4,640

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $83,224 · end of year $180,874

  • 2 · Savings and temporary cash investments

    beginning of year $1,248,119 · end of year $1,234,410

  • 4 · Accounts receivable

    beginning of year $176,000 · end of year $26,000

  • 7 · Other notes and loans receivable

    beginning of year $50,000 · end of year $50,000

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $3,330

  • 10a · Land, buildings and equipment: cost or other basis

    $1,726

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,726

  • 10c · Land, buildings and equipment, net

    beginning of year $345 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,727 · end of year $8,701

  • 27 · Net assets without donor restrictions

    beginning of year $1,545,961 · end of year $1,485,913

Mission and programs · 2024

Mission

TO WORK ACROSS BOUNDARIES TO GROW OUR REGION THROUGH BUSINESS GROWTH AND CAPITAL INVESTMENT

  • THE GREATER LIMA REGION, INC HAS THE STRATEGIC FOCUS TO REDEVELOP AND REVITALIZE THE GREATER LIMA, OHIO REGION BY PROMOTING COMMUNITY AND ECONOMIC DEVELOPMENT, OVERSEEING PROJECTS AND PROGRAMS DESIGNED TO STREGTHEN AND IMPROVE THE REGION, IMPROVING THE ECONOMY OF THE REGION BY DEVELOPING, ATTRACTING, EXPANDING AND RETAINING BUSINESS, INDUSTRIAL, EDUCATIONAL, CULTURAL, CIVIC, COMMUNITY AND OTHER ENTERPRISES IN THE REGION AND ASSISTING WITH WORKFORCE DEVELOPMENT INCLUDING DEVELOPING, ATTRACTING, EXPANDING AND RETAINING JOBS FOR THE PEOPLE OF THE REGION.

    Expenses $548,792 · Grants $317,200 · Revenue $21,000

As filed on the 2024 return.

Listed in Part VII

  • Phil Buell

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Ronda Lehman

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Mike Swick

    SECRETARY/ TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Maria Sanko

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tracie Sanchez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Todd Sutton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gabriele Pacchiarotti

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Jane Wood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Heaphy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Barry Clark

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Doug Olsson Partial Year

    EXECUTIVE DIRECTOR

    Total calculated
    $82,041
    From this org
    $80,525
    From related orgs
    $0
    Other
    $1,516
    Hours/week
    40

  • Dave Stratton Partial Year

    EXECUTIVE DIRECTOR

    Total calculated
    $73,354
    From this org
    $71,838
    From related orgs
    $0
    Other
    $1,516
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Provenance

Return type
form_990
Tax year
2024
Filed
6 October 2025
IRS schema version
2024v5.2
Source object
202522899349301707

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