Overview
What is Lorain County Community College Innovation Foundation?
The Lorain County Community College Innovation Foundation is a nonprofit organization located at 1005 North Abbe Road, Elyria, Ohio 44035. Its primary mission is to foster innovation and stimulate economic growth in Ohio, collaborating with Lorain County Community College, other Ohio institutions of higher education, regional hospitals, municipalities, and economic development organizations. Through financial support and assistance, this foundation aims to empower these entities in their innovation and economic activities within the state.
Is Lorain County Community College Innovation Foundation legitimate?
Lorain County Community College Innovation Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lorain County Community College Innovation Foundation 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Lorain County Community College Innovation Foundation?
The Lorain County Community College Innovation Foundation's mission is to aid various entities in Ohio, such as higher education institutions, regional hospitals, municipalities, and economic development organizations, by providing support for innovation and economic activities. Their primary objective is to foster innovation and economic growth in Ohio, collaborating with the Lorain County Community College and other relevant organizations. The foundation offers funding and resources to facilitate these endeavors. In essence, their mission is to foster a conducive environment for innovation and economic development in Ohio.
Who is the CEO of Lorain County Community College Innovation Foundation?
Tracy Green is the President of Lorain County Community College Innovation Foundation.
What is the revenue of Lorain County Community College Innovation Foundation?
Lorain County Community College Innovation Foundation's revenue in 2022 was $250,127.
Who are the executives of Lorain County Community College Innovation Foundation and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $273,716
- Other: $43,954
- Compensation: $0
- Related: $221,100
- Other: $38,688
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Lorain County Community College Innovation Foundation?
Lorain County Community College Innovation Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lorain County Community College Innovation Foundation
The Lorain County Community College Innovation Foundation is committed to assisting various entities in Ohio, including community colleges, higher education institutions, regional hospitals, municipalities, and economic development organizations, by providing support for innovation and economic activities within the state. This nonprofit organization aims to foster growth and development in Ohio, collaborating closely with Lorain County Community College and other relevant institutions to achieve its goals. Through funding and resources, the Innovation Foundation aims to contribute to the economic prosperity of the region, working hand in hand with these key players to drive innovation and development forward.
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Impact
October, 2024
The Lorain County Community College Innovation Foundation significantly enhances innovation and economic development in Ohio by providing essential funding and support to various institutions. By collaborating with Lorain County Community College, other regional higher education entities, hospitals, municipalities, and economic development organizations, it fosters a synergistic environment conducive to growth.
This foundation plays a critical role in promoting educational initiatives that advance workforce development and respond to local economic needs. Its efforts contribute to creating a more skilled workforce, supporting innovation in healthcare, and driving economic activities that benefit the entire region. Through strategic partnerships, it not only strengthens educational pathways but also ensures that the community remains responsive to industry demands, ultimately leading to broader economic prosperity for Ohio.
This information is meant to be a general summary of Lorain County Community College Innovation Foundation. 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: $127
- Program Service Revenue: $250,000
- Gross Receipts: $250,127
Assets and Liabilities:
- Total Assets: $776,948
- Total Liabilities: $209
- Net Assets: $776,739
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LICENSE FEE REVENUE
Revenue
$250,000
Organization Details
Founding Year
2013
Phone
(440) 366-4073Principal Officer
Tracy Green
Main Address
1005 NORTH ABBE ROAD CC226, ELYRIA, OH, 44035
NTEE Category
Code: B90 - Education
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