Elyria Charities provides financial support to educational organizations throughout lorain county.

501(c)(3) charity; gifts are tax-deductible.
93¢ of each $1 spent went to programs.
$133K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $367K a year · 46% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
93%
of spending
Looks good: 93% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$133K
to officers and key staff · 17% of spending
Fine: pay to officers and key staff is 17% of spending; 15% to 20%.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $2.5M in investments, Pt X · Ln 11–13
Fine: 0.2 months of spending in cash, plus $2.5M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
5
of 7 voting members
Looks good: 5 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.1M
+14% vs prior year
Spent
$770K
To programs
93%
Net assets
$2.6M
By yearFY2020–FY2024
Revenue
$1.1M
FY2024▲ +14%
Tap a bar for its year
Revenue by fiscal year
FY2020$418K
FY2021$764K
FY2022$770K
FY2023$961K
FY2024$1.1M
Expenses
$770K
FY2024▲ +38%
Tap a bar for its year
Expenses by fiscal year
FY2020$177K
FY2021$267K
FY2022$402K
FY2023$559K
FY2024$770K
Net assets
$2.6M
FY2024▲ +14%
Tap a bar for its year
Net assets by fiscal year
FY2020$989K
FY2021$1.5M
FY2022$1.9M
FY2023$2.3M
FY2024$2.6M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Dec 2004.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

93 cents of each dollar spent went to programs.

Program services 93% · $714K Management & general 7% · $56K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

7 people listed on the 990; $133K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Dir,/Treasure
$69,600Pt VII · Sec A
Asst Exec Dir,/Trustee
$63,840Pt VII · Sec A
President/Director
$0Pt VII · Sec A
Secretary/Director
$0Pt VII · Sec A
Trustee / Director
$0Pt VII · Sec A
Trustee / Director
$0Pt VII · Sec A
Trustee / Director
$0Pt VII · Sec A

William Speidel’s $70K as Executive Dir,/Treasure is at the 11th percentile of top reported officer pay among 3868 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 4 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
William Speidel$69,600$64,800$58,000$57,000$54,000
Teri Speidel$63,840———$16,848
Rachael Speidel—$59,400———
Teri Spiedel——$54,000$26,136—

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Elyria 778 Charities INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides financial aid to educational groups in Lorain County.

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Provided by the organization

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3 programs · $714K · in their own filed words · FY2024
01

Grants provided to schools and other educational organizations to promote higher education in northeast ohio, including a early childhood classroom and family situations. Approximately 250,000 people received benefits in 2024.

$340Kprogram expense
02

Grants provided to schools, health physical and mental organizations to promote and improve physical and mental health in northeast ohio. Inaddition, providing cooked meals to the area. Approximately 10,000 individuals benefited during 2024.

$290Kprogram expense
03

Grants provided to sporting and other organizations for athletics activities to increase capabilites of students by cultivating clean, wholesome sportsmanship and developing high ideals of character. Approximately 10,000 individuals benefited in 2024.

$84Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 70 grants · $1.1M · 2020–2024
Neighborhood AllianceOH · FY2024$100,000
Elyria City SchoolsFY2024$35,000
Elyria City SchoolsFY2024$25,000
Council for a Strong AmericaDC · FY2024$25,000
Stuarts Opera House INCOH · FY2024$20,000
Oberlinkids Comm CollaborativeOH · FY2024$20,000
Edwins FoundationOH · FY2024$20,000
Womens Safe INC the Green HouseOH · FY2024$15,000
Amherst Exempted Willage SchoolFY2024$12,000
Deputies Club INCOH · FY2024$11,000
Project Hope for the HomelessOH · FY2024$10,000
NaosOH · FY2024$10,000
See all 70 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$1.1M
Ln 12
Other incomeLn 4–11$878K
Investment incomeLn 3$219K
Money outPt IX
$770K
Ln 25
Programscol B$714K
Managementcol C$56K
Owns and owesPt X
$2.6M
net assets · Ln 32
Cash and savingsLn 1–2$16K
Total assetsLn 16$2.6M
LiabilitiesLn 26$0
PeoplePt VI, VII
7
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$219K
Other incomeLn 4–11$878K
Total revenueLn 12$1.1M
Assets in detailPt X, end of year
CashLn 1$16K
Cash and savings togetherLn 1–2$16K
InvestmentsLn 11–13$2.5M
Land, buildings, equipmentLn 10c$110K
Other assetsLn 15$250
Total assetsLn 16$2.6M
LiabilitiesLn 26$0
Net assetsLn 32$2.6M
OperationsPt I, VI
EmployeesI 52
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$101K$16K
InvestmentsLn 11–13$2.0M$2.5M
Land, buildings, equipmentLn 10c$116K$110K
Total assetsLn 16$2.3M$2.6M
LiabilitiesLn 26$866$0
Net assetsLn 32$2.3M$2.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$505K$505K
Grants to domestic individualsLn 2$0
Grants and assistance to foreign recipientsLn 3$0
Benefits paid to or for membersLn 4$0
Pay of current officers, directors and key staffLn 5$0
Pay of disqualified personsLn 6$133K$100K$33K
Other salaries and wagesLn 7$0
Pension plan contributionsLn 8$0
Other employee benefitsLn 9$64K$48K$16K
Payroll taxesLn 10$9K$7K$2K
Management feesLn 11a$0
Legal feesLn 11b$1K$500$500
Accounting feesLn 11c$361$181$180
Lobbying feesLn 11d$0
Investment management feesLn 11f$0
Other fees for servicesLn 11g$2K$2K$501
Advertising and promotionLn 12$0
Office expensesLn 13$0
Information technologyLn 14$0
RoyaltiesLn 15$0
OccupancyLn 16$8K$6K$2K
TravelLn 17$3K$2K$652
Travel and entertainment for public officialsLn 18$0
Conferences, conventions and meetingsLn 19$0
InterestLn 20$0
Payments to affiliatesLn 21$0
Depreciation, depletion and amortizationLn 22$40K$40K
InsuranceLn 23$1K$954$318
Other expenses (24a–d)Ln 24$2K$2K
All other expensesLn 24e$0
Total functional expensesLn 25$770K$714K$56K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $1.1M$770K$327K$2.6M 990 PDF
FY2023 $961K$559K$402K$2.3M 990 PDF
FY2022 $770K$402K$369K$1.9M 990 PDF
FY2021 $764K$267K$496K$1.5M 990 PDF
FY2020 $418K$177K$242K$989K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $1,096,459 revenue, 12 lines filed
I-8 Contributions and grants$0
I-9 Program service revenue$0
I-10 Investment incomePrior year $149,980$218,725
I-11 Other revenuePrior year $811,364$877,734
I-12 Total revenuePrior year $961,344$1,096,459
I-13 Grants and similar amounts paidPrior year $311,980$505,015
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $188,462$207,337
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $58,964$57,528
I-18 Total expensesPrior year $559,406$769,880
I-19 Revenue less expensesPrior year $401,938$326,579
Part VI · Governance 5 of 7 board members independent, 1 to look at
VI-1a Voting members of the governing body7
VI-1b Independent voting members5
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $1,096,459 across 2 lines filed
Lines not itemized here account for $877,734 of total revenue; see the IRS return.
VIII-3 Investment income$218,725
VIII-12 Total revenue$1,096,459
Part IX · Statement of functional expenses $769,880 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $505,015$505,015
IX-2 Grants to domestic individuals$0
IX-3 Grants and assistance to foreign recipients$0
IX-4 Benefits paid to or for members$0
IX-5 Pay of current officers, directors and key staff$0
IX-6 Pay of disqualified personsPrograms $100,080 · Management $33,360$133,440
IX-7 Other salaries and wages$0
IX-8 Pension plan contributions$0
IX-9 Other employee benefitsPrograms $48,334 · Management $16,111$64,445
IX-10 Payroll taxesPrograms $7,089 · Management $2,363$9,452
IX-11a Management fees$0
IX-11b Legal feesPrograms $500 · Management $500$1,000
IX-11c Accounting feesPrograms $181 · Management $180$361
IX-11d Lobbying fees$0
IX-11f Investment management fees$0
IX-11g Other fees for servicesPrograms $1,506 · Management $501$2,007
IX-12 Advertising and promotion$0
IX-13 Office expenses$0
IX-14 Information technology$0
IX-15 Royalties$0
IX-16 OccupancyPrograms $6,161 · Management $2,053$8,214
IX-17 TravelPrograms $1,958 · Management $652$2,610
IX-18 Travel and entertainment for public officials$0
IX-19 Conferences, conventions and meetings$0
IX-20 Interest$0
IX-21 Payments to affiliates$0
IX-22 Depreciation, depletion and amortizationPrograms $40,300$40,300
IX-23 InsurancePrograms $954 · Management $318$1,272
IX-24 Other expenses (24a–d)Programs $1,764$1,764
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $713,842 · Management $56,038 · Fundraising $0$769,880
Part X · Balance sheet $2,582,306 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $100,526$15,637
X-8 Inventories for sale or useStart of year $5,540$5,540
X-10c Land, buildings and equipment, netStart of year $116,471$110,269
X-11 Publicly traded securitiesStart of year $2,031,886$2,450,610
X-15 Other assetsStart of year $2,170$250
X-16 Total assetsStart of year $2,256,593$2,582,306
X-26 Total liabilitiesStart of year $866$0
X-27 Net assets without donor restrictionsStart of year $2,255,727$2,582,306
X-32 Total net assets or fund balancesStart of year $2,255,727$2,582,306
X-33 Total liabilities and net assetsStart of year $2,256,593$2,582,306
Part XI · Reconciliation of net assets $2,582,306 net assets at year end
XI-1 Total revenue$1,096,459
XI-2 Total expenses$769,880
XI-3 Revenue less expenses$326,579
XI-4 Net assets at start of year$2,255,727
XI-10 Net assets at end of year$2,582,306

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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