Form 990 for tax year 2023
Filed by LORAIN COUNTY COMMUNITY COLLEGE FOUNDATION.
Totals
- Total revenue
- $8,724,648
- Total expenses
- $3,653,070
- Contributions and grants received
- $6,432,321
- Grants paid
- $2,620,479
- Program service revenue
- $156,896
- Investment income
- $2,175,214
- Other revenue
- -$39,783
- Total assets, end of year
- $71,033,771
- Total liabilities, end of year
- $739,758
- Net assets or fund balances, end of year
- $70,294,013
- Program services expenses (Part IX)
- $2,729,391
- Management and general expenses
- $398,284
- Fundraising expenses
- $525,395
- Program service expenses (Part III)
- $2,729,391
Program services were 74.7% 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.
-
1c · Fundraising events
$168,946
-
1f · All other contributions, gifts and grants
$6,263,375
-
1g · Noncash contributions included above
$104,799
-
2a · Program service revenue: INNOVATION FUND REPLENISHMENT
total $156,896 · related or exempt $156,896
-
3 · Investment income
total $2,232,556 · excluded $2,232,556
-
7a · Gross sales of assets other than inventory
securities $5,639,259
-
7b · Less cost or other basis and sales expenses
securities $5,696,601
-
7c · Gain or loss
securities -$57,342
-
7d · Net gain or loss
total -$57,342 · excluded -$57,342
-
8a · Fundraising events: gross income
$98,871
-
8a · Fundraising events: contributions included on line 1c
$168,946
-
8b · Fundraising events: direct expenses
$138,654
-
8c · Net income from fundraising events
total -$39,783 · excluded -$39,783
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,190,645 · program services $1,190,645
-
2 · Grants to domestic individuals
total $1,429,834 · program services $1,429,834
-
5 · Compensation of officers, directors and key employees
total $341,471 · management and general $155,789 · fundraising $185,682
-
7 · Other salaries and wages
total $191,015 · management and general $51,799 · fundraising $139,216
-
8 · Pension plan contributions
total $25,644 · management and general $7,252 · fundraising $18,392
-
9 · Other employee benefits
total $47,667 · management and general $14,747 · fundraising $32,920
-
10 · Payroll taxes
total $3,509 · management and general $1,135 · fundraising $2,374
-
11b · Fees: legal
total $9,344 · program services $332 · management and general $9,012
-
11c · Fees: accounting
total $28,961 · program services $5,746 · management and general $23,215
-
11f · Fees: investment management
total $97,475 · management and general $97,475
-
11g · Fees: other
total $40,659 · program services $14,893 · management and general $7,222 · fundraising $18,544
-
12 · Advertising and promotion
total $1,795 · fundraising $1,795
-
13 · Office expenses
total $11,952 · program services $1,185 · management and general $6,468 · fundraising $4,299
-
14 · Information technology
total $61,233 · program services $5,168 · management and general $4,759 · fundraising $51,306
-
17 · Travel
total $3,005 · program services $490 · fundraising $2,515
-
19 · Conferences, conventions and meetings
total $24,896 · program services $717 · management and general $7,299 · fundraising $16,880
-
22 · Depreciation, depletion and amortization
total $3,351 · management and general $3,351
-
23 · Insurance
total $6,937 · management and general $6,937
-
24a · Other expenses: MEMBERSHIPS
total $37,000 · program services $37,000
-
24b · Other expenses: RECOGNITION, CULTIVATIO
total $29,797 · program services $10,023 · fundraising $19,774
-
24c · Other expenses: MEMORIALS
total $24,949 · program services $4,710 · fundraising $20,239
-
24d · Other expenses: COMMUNITY SPONSORSHIPS
total $16,112 · program services $5,602 · fundraising $10,510
-
24e · All other expenses
total $25,819 · program services $23,046 · management and general $1,824 · fundraising $949
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $887,770 · end of year $1,429,391
-
2 · Savings and temporary cash investments
beginning of year $543,036 · end of year $1,552,432
-
3 · Pledges and grants receivable
beginning of year $911,161 · end of year $5,112,955
-
9 · Prepaid expenses and deferred charges
beginning of year $10,586 · end of year $6,878
-
10a · Land, buildings and equipment: cost or other basis
$45,871
-
10b · Land, buildings and equipment: accumulated depreciation
$39,975
-
10c · Land, buildings and equipment, net
beginning of year $9,248 · end of year $5,896
-
11 · Investments: publicly traded securities
beginning of year $58,167,012 · end of year $59,781,898
-
12 · Investments: other securities
end of year $3,144,321
-
17 · Accounts payable and accrued expenses
beginning of year $576,771 · end of year $674,158
-
19 · Deferred revenue
beginning of year $67,275 · end of year $65,600
-
27 · Net assets without donor restrictions
beginning of year $3,933,827 · end of year $4,370,172
-
28 · Net assets with donor restrictions
beginning of year $55,950,940 · end of year $65,923,841
Mission and programs · 2023
Mission
THE LCCC FOUNDATION PROVIDES SUPPORT TO EACH OF THE CORNERSTONES OF LORAIN COUNTY COMMUNITY COLLEGE THROUGH SCHOLARSHIPS AND FACULTY DEVELOPMENT (EDUCATION), INNOVATION FUND (ECONOMIC), SUPPORT FOR STOCKER ARTS CENTER PROGRAMMING (CULTURE), AND SUPPORT FOR CAMPUS GRANTS PROJECTS (COMMUNITY).
Activities or mission (Part I)
LORAIN COUNTY COMMUNITY COLLEGE FOUNDATION ASSEMBLES AND UTILIZES RESOURCES TO SUPPORT THE MISSION AND VISION OF LORAIN COUNTY COMMUNITY COLLEGE (LCCC). WE ENHANCE OUR COMMUNITY'S QUALITY OF LIFE BY INVESTING IN KEY LCCC PRIORITIES THAT PRESENT THE GREATEST IMPACT AND GROWTH OPPORTUNITIES FOR THE PEOPLE OF THE COMMUNITY.
-
LCCC AND LCCC UNIVERSITY PARTNERSHIP SCHOLARSHIP PROGRAM:THE LCCC FOUNDATION PROVIDED AND ESTIMATED 1,308 SCHOLARSHIPS TO STUDENTS OF THE LORAIN COUNTY COMMUNITY COLLEGE AND THE LCCC UNIVERSITY PARTNERSHIP PROGRAM. AWARDS ARE MADE BASED ON ACADEMIC SUCCESS, FINANCIAL NEED, AND/OR TALENT. THE AWARDS RANGE FROM THE MORE BROAD AND GENERAL SUPPORTING THE WIDE COLLEGIATE COMMUNITY TO THOSE MORE FOCUSED ON SUPPORTING SPECIFIC CURRICULUM SUCH AS NURSING, HEALTHCARE, AND STEM (SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH).
Expenses $1,276,585 · Grants $1,276,585
-
RICHARD DESICH SMART COMMERCIALIZATION CENTER FOR MICROSYSTEMS:THE LCCC FOUNDATION PROVIDED FINANCIAL SUPPORT FOR THE FURTHER DEVELOPMENT AND OPERATIONS OF THE RICHARD DESICH SMART COMMERCIALIZATION CENTER FOR MICROSYSTEMS AT THE LCCC CAMPUS. SMART IS A WORLD CLASS MEMS DEVELOPMENT FOUNDRY THAT PROVIDES COST-EFFECTIVE TECHNICAL, FACILITY, AND EQUIPMENT RESOURCES TO STARTUPS, INDUSTRY/ACADEMIC RESEARCHERS, AND FEDERAL AGENCIES THAT ARE DEVELOPING MEMS-BASED SENSOR PRODUCTS.
Expenses $268,907 · Grants $268,907
-
EMERGENCY STUDENT AID AND ARC SUPPORT:THE LCCC FOUNDATION PROVIDED FINANCIAL SUPPORT TO REMOVE BARRIERS TO STUDENT COMPLETION BY PROVIDING FUNDING ASSISTANCE TO PAY FOR UNEXPECTED EMERGENCIES. SUCH ASSISTANCE INCLUDED PAYING FOR TRANSPORTATION COSTS, MEALS, TEMPORARY HOUSING, TECHNOLOGICAL SUPPORT, INTERNET ACCESS, UTILITY SHUTOFF NOTICES, COMMUNICATIONS, COUNSELING, AS WELL AS PHYSICAL AND MENTAL HEALTHCARE. SERVICES ARE MANAGED BY THE LCCC ARC (ADVOCACY AND RESOURCE CENTER).
Expenses $142,749 · Grants $142,749
-
OTHER PROGRAMMATIC SUPPORT MADE BY THE FOUNDATION INCLUDES FUNDS PAID FOR THE C. PAUL STOCKER HUMANITIES AND FINE ARTS CENTER, CITIZENS FOR LCCC, THE DESICH SALES INSTITUTE, CAMPANA CENTER FOR IDEATION AND INVENTION, SURGEON IN RESIDENCE PROGRAM, THE ROY AND BOBBI CHURCH VISIONARY LEADERSHIP INSTITUTE, COMMODORE CUPBOARD, AND VARIOUS OTHER PROGRAMS.
Expenses $1,041,150 · Grants $932,238 · Revenue $156,896
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
LISA BROWN
EXECUTIVE DIRECTOR
- Total calculated
- $183,365
- From this org
- $149,399
- From related orgs
- $0
- Other
- $33,966
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $149,399
- Bonus
- $0
- Other
- $0
- Deferred
- $20,882
- Nontaxable benefits
- $13,084
- Filer's total
- $183,365
-
CHARLES WIERSMA
DIRECTOR, FINANCE AND OPER
- Total calculated
- $131,249
- From this org
- $103,951
- From related orgs
- $0
- Other
- $27,298
- Hours/week
- 40
-
ROY CHURCH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOSEPH CIRIGLIANO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
RONALD COCCO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BEN COOKE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JAMES CORDES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JEFF DESICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
GARY DISTELHORST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SUSANNE DOTSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
KEVIN FLANIGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
GAIL FLANIGAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CHARLOTTE GARDINER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
TERESA GARDNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOHN GAUDRY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARC GUAY
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
KENT HAGEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
ROBERT HEINRICH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BRIAN HOAGLAND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOHN HRUSKA
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
WILLIAM HUDNUTT
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOHN HUNTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
GERALD INNES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
RUSTOM KHOURI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
TIM KING
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DONALD KNECHTGES
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOSEPH MCALEESE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
GREG MULACH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
KEVIN NELSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DONALD ORTNER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
THOMASSINA PATTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DAN REASER SR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARK SEIDEL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MICHELLE REICHLIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MICHAEL SHERMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARK SKELLENGER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BARRY SMITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
REBECCA STARCK
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
BRUCE STEVENS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
GAIL STUMPHAUZER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DARRYL TUCKER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SANFORD WASHINGTON JR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DALE YOST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JEFFREY ZELLERS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARIA ZOLLI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JILLIAN RIDDELL MCDONNELL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SRINIVAS SUBRAMANIAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
SAMANTHA ABRAHAM
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
MARCIA BALLINGER
PRESIDENT AND CEO, DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
DAVID HERZER
ASST. SECRETARY, DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PHIL BAPTISTE
CHAIR, DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
CATHY DIETLIN
VICE CHAIR, DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JAMES MIRALDI
VICE CHAIR, DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
GREG THAXTON
TREASURER, DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
PHILIP AMOS
ASST. TREASURER, DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
JOHN SCHAEFFER
SECRETARY, DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.5
-
TRACY GREEN
VICE PRESIDENT, COO
- Total calculated
- $0
- Hours/week
- 0.5
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. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
LORAIN COUNTY COMMUNITY COLLEGE
$1,040,645
PROVIDE SCHOLARSHIPS AND OTHER SUPPORT
-
$150,000
ENHANCE PUBLIC SUPPORT FOR THE COLLEGE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 1 May 2025
- IRS schema version
- 2023v6.0
- Source object
- 202501269349302450
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