Overview
What is Elyria Charities Inc?
Elyria Charities Inc, located at 134 Kenwood Street, Elyria, Ohio 44035, is a nonprofit organization with a dedicated workforce of two individuals. Their primary mission is to foster higher education in Northeast Ohio. They accomplish this by providing grants to various schools and organizations, which in turn benefit approximately 525,000 individuals annually. Elyria Charities Inc extends its financial support to both educational and health-related organizations in the region, aiming to contribute positively to the community.
Official website here: www.elyriacharities.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Star rating)
Elyria Charities Inc has received an overall score of 81%, reflecting a strong performance in terms of accountability and finance. This score is derived solely from its accountability metrics, indicating that the organization adheres to a solid financial structure and governance practices, which is crucial for donor confidence and transparency.
The organization showcases a robust independent board with 60% of its members being independent, contributing positively to its governance scores. Additionally, it has implemented essential policies such as conflict of interest and whistleblower protocols, alongside demonstrating no material diversion of assets, which further reinforces its commitment to ethical operations.
However, while the financial aspects appear strong, the absence of a performance score means that this rating does not assess the impact or effectiveness of the charity's programs. Potential donors may wish to consider this when evaluating their support, as an understanding of program outcomes is also vital for a comprehensive assessment of a nonprofit’s overall performance.
This AI summary has been generated from information found on Charity Navigator.
Is Elyria Charities Inc legitimate?
Elyria Charities Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Elyria Charities Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $112,000
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.elyriacharities.org
What is the mission statement of Elyria Charities Inc?
Elyria Charities Inc, as a philanthropic organization, is committed to providing financial assistance to educational and health institutions across Northeast Ohio. Its mission is to empower these organizations by offering financial support, thereby contributing to the advancement of education and healthcare in the region. In 2022, approximately 525,000 individuals benefited from the grants provided by Elyria Charities Inc, which were utilized for various initiatives, including promoting higher education and establishing an early childhood classroom. The organization's contributions aim to enhance the quality of education and healthcare services in Northeast Ohio.
Official website here: www.elyriacharities.org
Who is the CEO of Elyria Charities Inc?
William T Speidel is the Director, Secretary/Treas. Exe.Dir of Elyria Charities Inc.
Official website here: www.elyriacharities.org
What is the revenue of Elyria Charities Inc?
Elyria Charities Inc's revenue in 2022 was $770,356.
Official website here: www.elyriacharities.org
Who are the executives of Elyria Charities Inc and what are their salaries?
The average compensation at Elyria Charities Inc during 2022 was $56,000. There are 2 employees at Elyria Charities Inc.
Here are 5 key members and their salaries:
- Compensation: $58,000
- Related: $0
- Other: $0
- Compensation: $54,000
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.elyriacharities.org
Where can I find the form 990 for Elyria Charities Inc?
Elyria Charities Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.elyriacharities.org
Learn more at the official website: www.elyriacharities.org
Mission Statement of Elyria Charities Inc
Elyria Charities Inc, a nonprofit organization, is dedicated to supporting educational and health institutions across Northeast Ohio. Their primary mission is to provide financial aid to these organizations, thereby contributing to the promotion of higher education in the region. In 2022, this philanthropic endeavor benefited approximately 525,000 individuals, extending its reach and impact significantly. One of the noteworthy initiatives undertaken by Elyria Charities Inc was the funding of an early childhood classroom, demonstrating their commitment to nurturing the education of young learners.
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Impact
October, 2024
Elyria Charities Inc significantly contributes to the educational and health landscape in Northeast Ohio by providing financial support to various organizations and initiatives. In 2022 alone, approximately 525,000 individuals benefitted from the grants allocated to schools and other entities focused on promoting higher education and early childhood development. This support fosters opportunities for learning and personal growth, which in turn enhances the overall well-being and future prospects of the local community. By prioritizing educational initiatives, Elyria Charities helps build a stronger, more informed citizenry while addressing health-related needs that further uplift the region.
This information is meant to be a general summary of Elyria Charities Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $6,082
- Gross Receipts: $1,386,870
Assets and Liabilities:
- Total Assets: $1,854,545
- Total Liabilities: $756
- Net Assets: $1,853,789
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Organization Details
Founding Year
2004
Phone
(440) 365-0205Principal Officer
William T Speidel
Main Address
134 KENWOOD STREET, ELYRIA, OH, 44035
Website
www.elyriacharities.orgNTEE Category
Code: P30 - Human services
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