Lott Industries INC

Tax-deductible

Toledo, OH501(c)(3)Human ServicesEIN 34-4466943

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Lott is a non-profit, 501(c)3 organization which has provided meaningful educational and vocational opportunities for people with developmental disabilities since 1956. We are passionate about serving people with any barrier, and we seek to provide purposeful work to everyone in our reach. Lott serves business customers locally and throughout the united states.

501(c)(3) charity; gifts are tax-deductible.
89¢ of each $1 spent went to programs.
Run by 50 volunteers and 315 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

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
4 of 5
filings with a surplus
Average surplus $377K a year · 7% of revenue · last 5 filings
Fine: a surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
89%
of spending
Looks good: 89% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$218K
to officers and key staff · 4% of spending
Top officer’s pay higher than 58% of similar orgs
Looks good: pay to officers and key staff is 4% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
3 mo
of spending, in cash
Fine: 2.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
5
named funders · $75K
Looks good: 5 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$134K
1% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 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
$5.5M
+11% vs prior year
Spent
$5.1M
To programs
89%
Net assets
$9.6M
By yearFY2020–FY2024
Revenue
$5.5M
FY2024▲ +11%
Revenue by fiscal year
FY2020$5.2M
FY2021$5.7M
FY2022$4.4M
FY2023$5.0M
FY2024$5.5M
Expenses
$5.1M
FY2024▲ +4%
Expenses by fiscal year
FY2020$4.8M
FY2021$4.5M
FY2022$4.4M
FY2023$5.0M
FY2024$5.1M
Net assets
$9.6M
FY2024▲ +5%
Net assets by fiscal year
FY2020$8.3M
FY2021$9.3M
FY2022$8.8M
FY2023$9.2M
FY2024$9.6M

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

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Is it real?

Yes. Revoked May 2014, reinstated. IRS ruling Mar 2015, per the IRS master file. Latest filing on record: FY2024. IRS ruling in Mar 2015.

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

Where the money goes

89 cents of each dollar spent went to programs.

Program services 89% · $4.6M Management & general 10% · $533K Fundraising 0% · $13K

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

9 people listed on the 990; $218K paid to officers and key staff.

Part VII, Section A · reportable compensation
Chief Executive Officer
$125,361Pt VII · Sec A
Chief Financial Officer
$92,678Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A

Tim Menke’s $125K as Chief Executive Officer is at the 58th 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 · 3 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Tim Menke$125,361$115,361$94,131$97,829$101,073
David Gall$92,678$81,449$64,474——
Jack Waddell———$82,718$84,852

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.

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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 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides educational and vocational opportunities for people with developmental disabilities, offering purposeful work.

Provided by the organization

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2 program services account for $4.6M of program spending, described in the organization's own filed words · FY2024.
01

Productionlott industries provided day and vocation habilitation training and meaningful paid work opportunities to over 78 area individuals with developmental disabilities.

$3.8Mprogram expense
02

Enclaveenclave work includes work opportunites outside our primary manufacturing facility in other areas, such as janitorial and office assistance.

$801Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 5 funders$75K
See all 5 funders →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.5M
Ln 12
Fees for servicesLn 2g$4.7M
Investment incomeLn 3$356K
Gifts and grantsLn 1h$305K
Money outPt IX
$5.1M
Ln 25
Programscol B$4.6M
Managementcol C$533K
Fundraisingcol D$13K
Owns and owesPt X
$9.6M
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$9.8M
LiabilitiesLn 26$134K
PeoplePt VI, VII
9
listed · VII A
PaidVII A2
Voting boardVI 1a7
IndependentVI 1b7
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$305K
Government grantsLn 1e$23K
Noncash giftsLn 1g$82K
Fundraising eventsLn 1c$1K
Fees for servicesLn 2g$4.7M
Investment incomeLn 3$356K
Other incomeLn 4–11$204K
Gains on assetsLn 7$122K
Total revenueLn 12$5.5M
Assets in detailPt X, end of year
CashLn 1$1.1M
Cash and savings togetherLn 1–2$1.1M
InvestmentsLn 11–13$4.6M
Land, buildings, equipmentLn 10c$3.5M
Other assetsLn 15$48K
Total assetsLn 16$9.8M
LiabilitiesLn 26$134K
Net assetsLn 32$9.6M
OperationsPt I, VI
EmployeesI 5315
VolunteersI 650
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$1.0M$1.1M
InvestmentsLn 11–13$4.3M$4.6M
Land, buildings, equipmentLn 10c$3.5M$3.5M
Total assetsLn 16$9.4M$9.8M
LiabilitiesLn 26$156K$134K
Net assetsLn 32$9.2M$9.6M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$253K$137K$112K$3K
Other salaries and wagesLn 7$2.9M$2.7M$182K$7K
Other employee benefitsLn 9$295K$255K$38K$1K
Payroll taxesLn 10$246K$223K$22K$747
Investment management feesLn 11f$23K$23K
Other fees for servicesLn 11g$166K$83K$83K
Advertising and promotionLn 12$562$562
Office expensesLn 13$58K$46K$12K
OccupancyLn 16$169K$136K$33K
TravelLn 17$39K$29K$10K
InterestLn 20$218$218
Depreciation, depletion and amortizationLn 22$277K$264K$12K
InsuranceLn 23$66K$66K
Other expenses (24a–d)Ln 24$560K$560K
All other expensesLn 24e$78K$72K$6K$927
Total functional expensesLn 25$5.1M$4.6M$533K$13K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $5.5M$5.1M$401K$9.6M 990 PDF
FY2023 $5.0M$5.0M$33K$9.2M 990 PDF
FY2022 $4.4M$4.4M−$22K$8.8M 990 PDF
FY2021 $5.7M$4.5M$1.1M$9.3M 990 PDF
FY2020 $5.2M$4.8M$347K$8.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $5,539,042 across 12 lines filed
VIII-1c Fundraising events$1,250
VIII-1e Government grants$23,250
VIII-1f All other contributions, gifts and grants$280,786
VIII-1g Noncash contributions (included above)$82,500
VIII-1h Total contributions, gifts and grants$305,286
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,672,981$4,672,981
VIII-3 Investment incomeExcluded from tax $234,322$234,322
VIII-6 Net rental income or lossExcluded from tax $183,994$183,994
VIII-7 Net gain or loss on sales of assetsExcluded from tax $122,000$122,000
VIII-8 Net income from fundraising eventsExcluded from tax $15,657$15,657
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $4,802$4,802
VIII-12 Total revenueRelated to mission $4,677,783 · Unrelated business $0 · Excluded from tax $555,973$5,539,042
Part IX · Statement of functional expenses $5,137,649 across 15 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $137,457 · Management $111,966 · Fundraising $3,148$252,571
IX-7 Other salaries and wagesPrograms $2,718,852 · Management $182,320 · Fundraising $6,805$2,907,977
IX-9 Other employee benefitsPrograms $255,271 · Management $38,042 · Fundraising $1,459$294,772
IX-10 Payroll taxesPrograms $223,266 · Management $21,744 · Fundraising $747$245,757
IX-11f Investment management feesManagement $23,282$23,282
IX-11g Other fees for servicesPrograms $82,995 · Management $82,996$165,991
IX-12 Advertising and promotionManagement $562$562
IX-13 Office expensesPrograms $46,051 · Management $11,513$57,564
IX-16 OccupancyPrograms $136,342 · Management $32,731$169,073
IX-17 TravelPrograms $28,963 · Management $9,597$38,560
IX-20 InterestPrograms $218$218
IX-22 Depreciation, depletion and amortizationPrograms $264,189 · Management $12,424$276,613
IX-23 InsurancePrograms $65,898$65,898
IX-24 Other expenses (24a–d)Programs $560,445$560,445
IX-24e All other expensesPrograms $71,854 · Management $5,585 · Fundraising $927$78,366
IX-25 Total functional expensesPrograms $4,591,801 · Management $532,762 · Fundraising $13,086$5,137,649
Part X · Balance sheet $9,761,825 assets, 16 lines filed
X-1 Cash, non-interest-bearingStart of year $1,025,542$1,121,240
X-4 Accounts receivableStart of year $316,681$377,181
X-8 Inventories for sale or useStart of year $43,321$49,980
X-9 Prepaid expenses and deferred chargesStart of year $54,225$16,689
X-10c Land, buildings and equipment, netStart of year $3,539,586$3,546,119
X-11 Publicly traded securitiesStart of year $4,314,779$4,602,406
X-15 Other assetsStart of year $72,398$48,210
X-16 Total assetsStart of year $9,366,532$9,761,825
X-17 Accounts payable and accrued expensesStart of year $49,986$65,701
X-19 Deferred revenueStart of year $15,151$12,151
X-25 Other liabilitiesStart of year $57,919$48,210
X-26 Total liabilitiesStart of year $155,572$134,191
X-27 Net assets without donor restrictionsStart of year $9,210,960$9,557,634
X-28 Net assets with donor restrictions$70,000
X-32 Total net assets or fund balancesStart of year $9,210,960$9,627,634
X-33 Total liabilities and net assetsStart of year $9,366,532$9,761,825
Part XI · Reconciliation of net assets $9,627,634 net assets at year end
XI-1 Total revenue$5,539,042
XI-2 Total expenses$5,137,649
XI-3 Revenue less expenses$401,393
XI-4 Net assets at start of year$9,210,960
XI-5 Net unrealized gains (losses) on investments$15,281
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$9,627,634

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

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