Overview
What is Lorain Sports Hall Of Fame Inc?
Lorain Sports Hall of Fame Inc is a nonprofit organization situated in Lorain, Ohio, dedicated to celebrating the city's sports heritage. They achieve this by maintaining a museum that houses various sports memorabilia and artifacts. Each year, they honor distinguished individuals and teams who have made significant contributions to sports within Lorain City by inducting them into their hall of fame during an annual banquet. On average, about 9 individuals and 1 team are inducted annually. Beyond recognition, the hall also offers college scholarships to deserving high school students from the area, selected by their principals.
Is Lorain Sports Hall Of Fame Inc legitimate?
Lorain Sports Hall Of Fame Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lorain Sports Hall Of Fame Inc submitted a form 990EZ, 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.
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Professional Fundraising Fees: $0
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What is the mission statement of Lorain Sports Hall Of Fame Inc?
The Lorain Sports Hall of Fame Inc's mission is centered around celebrating the storied history of sports within Lorain City. They accomplish this through a museum, which serves as a platform to showcase notable individuals and teams that have made significant contributions to the sporting landscape. Each year, the hall inducts approximately 9 individuals and 1 team into its esteemed ranks during a yearly banquet. In addition to recognition, the hall also extends support to local high school students by offering college scholarships, awarded through a selection process led by the students' principals.
What is the revenue of Lorain Sports Hall Of Fame Inc?
Lorain Sports Hall Of Fame Inc's revenue in 2024 was $49,750.
Who are the executives of Lorain Sports Hall Of Fame Inc and what are their salaries?
Here are 4 key members and their salaries:
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Where can I find the form 990EZ for Lorain Sports Hall Of Fame Inc?
Lorain Sports Hall Of Fame Inc's most recent form 990EZ was submitted in 2024 and can be accessed here.
Mission Statement of Lorain Sports Hall Of Fame Inc
Lorain Sports Hall of Fame, a renowned organization, is dedicated to preserving and celebrating the illustrious sports history of Lorain City. To accomplish this, the institution maintains a museum where it showcases the achievements and milestones of local sports figures and teams. Every year, Lorain Sports Hall of Fame hosts a banquet to honor individuals and teams who have demonstrated exceptional skills and contributions to the world of sports. Typically, around nine individuals and one team are inducted into the hall of fame during these ceremonies.
In addition to recognition, Lorain Sports Hall of Fame extends its support to the community by offering college scholarships to deserving high school students. These scholarships are awarded based on nominations made by the students' principals. By doing so, the organization not only honors outstanding athletic achievements but also invests in the education and future of its youth. This multifaceted approach to promoting sports and education reflects Lorain Sports Hall of Fame's commitment to nurturing and celebrating the talents of its local community.
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Impact
August, 2024
The Lorain Sports Hall of Fame Inc has made a significant impact on the community by preserving and celebrating the rich sports history of Lorain City. Through its museum and yearly induction banquet, the organization honors individuals and teams who have made noteworthy contributions to the local sports scene. By recognizing these achievements, the Hall of Fame not only pays tribute to the city's athletic legacy but also motivates current and future generations to excel in sports.
Additionally, the hall's provision of college scholarships for deserving high school students adds a valuable educational component to its mission. By supporting these students, the organization invests in the academic and personal development of young athletes, further benefiting the community at large. Overall, the Lorain Sports Hall of Fame Inc's dedication to showcasing sports excellence and supporting local youth through scholarships has a lasting and positive impact on the community.
This information is meant to be a general summary of Lorain Sports Hall Of Fame 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 2024.
- Investment Income: $4
- Program Service Revenue: $22,097
- Gross Receipts: $71,688
Assets and Liabilities:
- Total Assets: $13,270
- Total Liabilities: $0
- Net Assets: $13,270
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Organization Details
Principal Officer
Jeff King
NTEE Category
Code: A50 - Arts
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