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Nonprofiteer
← GREATER LIMA REGION INC

Form 990 for tax year 2023

Filed by GREATER LIMA REGION INC.

Totals

Total revenue
$612,859
Total expenses
$547,550
Contributions and grants received
$572,500
Grants paid
$278,200
Program service revenue
$0
Investment income
$28,656
Other revenue
$11,703
Total assets, end of year
$1,557,688
Total liabilities, end of year
$11,727
Net assets or fund balances, end of year
$1,545,961
Program services expenses (Part IX)
$434,782
Management and general expenses
$112,768
Fundraising expenses
$0
Program service expenses (Part III)
$434,782

Program services were 79.4% 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

    $572,500

  • 3 · Investment income

    total $28,656 · excluded $28,656

  • 11a · Other revenue: REGIONAL PROJECT INVES

    total $15,000 · related or exempt $15,000

  • 11b · Other revenue: MISCELLANEOUS REVENUE

    total $12 · excluded $12

  • 11c · Other revenue: LOSS ON INVESTMENT

    total -$3,309 · excluded -$3,309

  • 11e · Other revenue, total

    $11,703

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $278,200 · program services $278,200

  • 5 · Compensation of officers, directors and key employees

    total $137,661 · program services $82,597 · management and general $55,064

  • 7 · Other salaries and wages

    total $52,000 · program services $31,200 · management and general $20,800

  • 8 · Pension plan contributions

    total $1,300 · program services $780 · management and general $520

  • 9 · Other employee benefits

    total $13,968 · program services $8,381 · management and general $5,587

  • 10 · Payroll taxes

    total $13,957 · program services $8,374 · management and general $5,583

  • 11c · Fees: accounting

    total $25,060 · management and general $25,060

  • 11g · Fees: other

    total $384 · program services $230 · management and general $154

  • 12 · Advertising and promotion

    total $3,482 · program services $3,482

  • 13 · Office expenses

    total $155 · program services $155

  • 17 · Travel

    total $400 · program services $400

  • 22 · Depreciation, depletion and amortization

    total $345 · program services $345

  • 23 · Insurance

    total $1,667 · program services $1,667

  • 24a · Other expenses: MAKERFEST EXPENSES

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

  • 24b · Other expenses: DUES & SUBSCRIPTIONS

    total $4,237 · program services $4,237

  • 24c · Other expenses: BANK SERVICE CHARGES

    total $2,235 · program services $2,235

  • 24d · Other expenses: TELEPHONE

    total $1,413 · program services $1,413

  • 24e · All other expenses

    total $1,086 · program services $1,086

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $208,840 · end of year $83,224

  • 2 · Savings and temporary cash investments

    beginning of year $1,208,005 · end of year $1,248,119

  • 4 · Accounts receivable

    beginning of year $27,000 · end of year $176,000

  • 7 · Other notes and loans receivable

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

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

    $1,726

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

    $1,381

  • 10c · Land, buildings and equipment, net

    beginning of year $690 · end of year $345

  • 17 · Accounts payable and accrued expenses

    beginning of year $9,393 · end of year $11,727

  • 27 · Net assets without donor restrictions

    beginning of year $1,485,142 · end of year $1,545,961

Mission and programs · 2023

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 DESGNED 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 $434,782 · Grants $278,200 · Revenue $15,000

As filed on the 2023 return.

Listed in Part VII

  • Mike Swick

    SECRETARY/ TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ronda Lehman

    BOARD VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Phil Buell

    BOARD CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Barry Clark

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • John Heaphy

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Dr Jane Wood

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Gabriele Pacchiarotti

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Todd Sutton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tracie Sanchez

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Maria Sanko

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Doug Olsson

    EXECUTIVE DIRECTOR

    Total calculated
    $137,449
    From this org
    $132,504
    From related orgs
    $0
    Other
    $4,945
    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
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202433189349306588

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