Lima Area Chamber Foundation EIN 34-1536300 Form 990 (PDF) Claim this org

Lima Area Chamber Foundation

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Provides non-profit education programs for the Lima and Allen County community. For fiscal year 2024 it reported $716K in revenue, $599K in expenses, and $1.8M in net assets.Pt I

Type
Public charity (501(c)(3)) · Nonprofit
Location
Lima, OH
Website
limachamber.com/about/chamber-foundati
Filings
5 on file (2020–2024)
Revenue
$716KFY2024
Expenses
$599K
Net assets
$1.8M
People
8
Filings
5
Updates
0
More identity details & actions ⌄
EIN  34-1536300 Public charity (501(c)(3)) Lima, OH
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides non-profit education programs for the Lima and Allen County community.
Leadership
Linda Bienert · Past Treasur
Money in and out
$716K revenue, $599K expenses
Bottom line
98% program efficiency
Where the money goes · FY2024
Total revenue
$716K
Pt VIII · Ln 12
Total expenses
$599K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $116K
Where spending went · Part IX cols B–D
Program services $0.98 Management & general $0.02
Program efficiency
98%
of spending reaches programs-0.3% vs prior filing year
Operating runway
51.5mo
months of highly liquid reserves at operating expense rate▼ -23% vs prior filing year
Surplus margin
+16%
revenue over expenses, this year▲ +59% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$716K
FY2024▲ +42%
Expenses
$599K
FY2024▲ +32%
Total assets
$7.6M
FY2024▲ +2%
Total liabilities
$5.8M
FY2024+0.2%
Total revenue
$716K
Pt VIII · Ln 12
Total expenses
$599K
Pt IX · Ln 25
Net assets
$1.8M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$116K
Total assetsPt X · Ln 16$7.6M
Program-expense ratioPt IX · col B98%
Voting members of governing bodyPt I · Ln 36
Independent voting membersPt I · Ln 46

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CLima Area Chamber Foundation
EINHdr · item D34-1536300
Principal addressHdr · item CLima, OH
Year of formationHdr · item Lpending
State of legal domicileHdr · item MOH
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFJun 1987

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a6
Independent voting membersPt VI · Ln 1b6
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Past Treasur
$0Pt VII · Sec A
$0Pt VII · Sec A
Secretary/Tr
$0Pt VII · Sec A
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

2 program services account for $585K of program spending, described in the organization's own filed words · FY2024.
01

The college ACCESS/GEAR up program strives to assist individuals in LIMA/ALLEN county, and surrounding counties, in pursuing an education beyond high school. The program provides workshops, individual or group sessions, and classroom presentations on academic and college preparation.

$585Kprogram expense
02

Allen Lima Leadership (a.l.l.)

To train and educate community leaders and future leaders.

Pt IX · col B

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Statement of Revenue

Part VIII
Contributions & grants$598K · 84%
Program service revenue$65K · 9%
Other revenue$38K · 5%
Investment income$15K · 2%
Contributions & grants84%$598K
Program service revenue9%$65K
Other revenue5%$38K
Investment income2%$15K
Total revenueLn 12$716K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.98 Management & general $0.02
Program services98%$587K
Management & general2%$13K
Total functional expensesLn 25$599K

Balance Sheet

Part X · end of year
CashLn 1$2.6M
Total assetsLn 16$7.6M
Total liabilitiesLn 26$5.8M
Total net assetsLn 32$1.8M
Months of cash on handcomputed51.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.6M · Operating expenses/yr $599K
51.5 months
Where the money goes
Program services
Program services $587K · Total expenses $599K
98%
Management & General
Management & general $13K · Total expenses $599K
2%
Fundraising
Fundraising $0 · Total expenses $599K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $583K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $598K · Total revenue $716K
84%
Government reliance
Government grants — · Total revenue $716K
Earned-income share
Program service revenue $65K · Total revenue $716K
9%
Investment reliance
Investment income $15K · Total revenue $716K
+2%
Program self-sufficiency
Program service revenue $65K · Total expenses $599K
11%
Growth & trend
Revenue growth (YoY)
This year $716K · Prior year $504K
+42%
Revenue CAGR
FY2020 $345K · FY2024 $716K
+20%
Net-asset trend (YoY)
End of year $1.8M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $716K · Expenses $599K
+16%
Liabilities-to-Assets
Total liabilities — · Total assets $7.6M
Net-asset ratio
Net assets $1.8M · Total assets $7.6M
24%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $7.6M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Linda Bienert · Reported title PAST TREASUR · Highest reported compensation $0 · Total expenses $599K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $69K · Total expenses $599K
12%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 98%
Overhead ratio 2%
Fundraising cost ratio 0%
Revenue growth 42%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 3 funders$311K
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$716K revenue · viewing · ⤓ 990 PDF
FY2023$504K revenue · ⤓ 990 PDF
FY2022$789K revenue · ⤓ 990 PDF
FY2021$619K revenue · ⤓ 990 PDF
FY2020$345K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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