LORAIN COUNTY COMMUNITY COLLEGE FOUNDATION

EIN: 510146485 501(c)(3) Education

ELYRIA, OH

Total Revenue
$11,557,697
Total Expenses
$3,124,991
Total Assets
$84,567,154
Net Assets
$83,826,019
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Financial Trends

Organization Details

Formation Year
1973
Legal Domicile
OH
Principal Officer
TRACY GREEN
Phone
4403664039
Tax Period
2024-07-01 to 2025-06-30

LORAIN COUNTY COMMUNITY COLLEGE FOUNDATION, founded in 1973, is a mid-sized nonprofit in the Education sector that reported $11.6M in total revenue in fiscal year 2024. Revenue surged 32% from the prior year, signaling strong growth momentum. The organization ran a surplus of $8.4M, a strong 73% operating margin.

Mission

THE LCCC FOUNDATION PROVIDES SUPPORT TO EACH OF THE CORNERSTONES OF LORAIN COUNTY COMMUNITY COLLEGE THROUGH SCHOLARSHIPS AND FACULTY DEVELOPMENT (EDUCATION), INNOVATION FUND (ECONOMIC), SUPPORT FOR STOCKER ARTS CENTER PROGRAMMING (CULTURE), AND SUPPORT FOR CAMPUS GRANTS PROJECTS (COMMUNITY).

Program Service Accomplishments

Program 1
Expenses: $1,217,959

LCCC AND LCCC UNIVERSITY PARTNERSHIP SCHOLARSHIP PROGRAM:THE LCCC FOUNDATION PROVIDED AN ESTIMATED 1,356 SCHOLARSHIPS TO STUDENTS OF THE LORAIN COUNTY COMMUNITY COLLEGE AND THE LCCC UNIVERSITY...

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LCCC AND LCCC UNIVERSITY PARTNERSHIP SCHOLARSHIP PROGRAM:THE LCCC FOUNDATION PROVIDED AN ESTIMATED 1,356 SCHOLARSHIPS TO STUDENTS OF THE LORAIN COUNTY COMMUNITY COLLEGE AND THE LCCC UNIVERSITY PARTNERSHIP PROGRAM. AWARDS ARE MADE BASED ON ACADEMIC SUCCESS, FINANCIAL NEED, AND/OR TALENT. THE AWARDS RANGE FROM THE MORE BROAD AND GENERAL SUPPORTING THE WIDE COLLEGIATE COMMUNITY TO THOSE MORE FOCUSED ON SUPPORTING SPECIFIC CURRICULUM SUCH AS NURSING, HEALTHCARE, AND STEM (SCIENCE, TECHNOLOGY, ENGINEERING, AND MATH).

Program 2
Expenses: $224,867

RICHARD DESICH SMART COMMERCIALIZATION CENTER FOR MICROSYSTEMS:THE LCCC FOUNDATION PROVIDED FINANCIAL SUPPORT FOR THE FURTHER DEVELOPMENT AND OPERATIONS OF THE RICHARD DESICH SMART COMMERCIALIZATION...

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RICHARD DESICH SMART COMMERCIALIZATION CENTER FOR MICROSYSTEMS:THE LCCC FOUNDATION PROVIDED FINANCIAL SUPPORT FOR THE FURTHER DEVELOPMENT AND OPERATIONS OF THE RICHARD DESICH SMART COMMERCIALIZATION CENTER FOR MICROSYSTEMS AT THE LCCC CAMPUS. SMART IS A WORLD CLASS MEMS DEVELOPMENT FOUNDRY THAT PROVIDES COST-EFFECTIVE TECHNICAL, FACILITY, AND EQUIPMENT RESOURCES TO STARTUPS, INDUSTRY/ACADEMIC RESEARCHERS, AND FEDERAL AGENCIES THAT ARE DEVELOPING MEMS-BASED SENSOR PRODUCTS.

Program 3
Expenses: $179,857

THE C. PAUL STOCKER HUMANITIES AND FINE ARTS CENTER: ALSO KNOWN AS THE STOCKER ARTS CENTER, THIS PREMIER CENTER FOR THE ARTS INCLUDES THE GEORGE AND LAURIE HOKE THEATRE, BETH K. STOCKER ART GALLERY...

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THE C. PAUL STOCKER HUMANITIES AND FINE ARTS CENTER: ALSO KNOWN AS THE STOCKER ARTS CENTER, THIS PREMIER CENTER FOR THE ARTS INCLUDES THE GEORGE AND LAURIE HOKE THEATRE, BETH K. STOCKER ART GALLERY, AS WELL AS THE JUDGE JOESPH E. AND BEVERLY A. CIRIGLIANO STUDIO THEATRE. THE FACLITY HAS BEEN PROVIDING SPACE FOR PERFORMANCES AND CULTURAL EXPERIENCES SINCE 1980.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $7,325,812
Program Service Revenue $6,000
Investment Income $4,282,714
Other Revenue $-56,829
TOTAL REVENUE $11,557,697

Expense Breakdown

Grants Paid $2,183,842
Salaries & Benefits $599,998
Fundraising Expenses $506,859
Program Expenses $2,213,085
Other Expenses $341,151
TOTAL EXPENSES $3,124,991

Year-over-Year Comparison

2024 2023 Change
Revenue $11,557,697 $8,724,648 +0.3%
Expenses $3,124,991 $3,653,070 -0.1%
Net Income $8,432,706 $5,071,578 +0.7%
Key Indicators
✓ Grants to Organizations ✓ Grants to Individuals ✓ Lobbying ✗ Political Activity ✓ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Governance

Voting Members
51
Independent Members
51
Employees
N/A
Volunteers
100

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✓ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
11
$331,636
Total Directors
51
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
BEN COOK DIRECTOR 0.50
Director
$0 $0 $0
BRIAN HOAGLAND DIRECTOR 0.50
Director
$0 $0 $0
BRUCE STEVENS DIRECTOR 0.50
Director
$0 $0 $0
CHARLOTTE GARDINER DIRECTOR 0.50
Director
$0 $0 $0
DALE YOST DIRECTOR 0.50
Director
$0 $0 $0
DAN REASER DIRECTOR 0.50
Director
$0 $0 $0
DARRYL TUCKER DIRECTOR 0.50
Director
$0 $0 $0
DON KNECHTGES DIRECTOR 0.50
Director
$0 $0 $0
DON ORTNER DIRECTOR 0.50
Director
$0 $0 $0
DVORA NELSON DIRECTOR 0.50
Director
$0 $0 $0
GAIL FLANIGAN DIRECTOR 0.50
Director
$0 $0 $0
GARIS DISTELHORST DIRECTOR 0.50
Director
$0 $0 $0
GERALD INNES DIRECTOR 0.50
Director
$0 $0 $0
GREG MULACH DIRECTOR 0.50
Director
$0 $0 $0
JACK GAUDRY DIRECTOR 0.50
Director
$0 $0 $0
JAMES CORDES DIRECTOR 0.50
Director
$0 $0 $0
JEFF DESICH DIRECTOR 0.50
Director
$0 $0 $0
JEFF ZELLERS DIRECTOR 0.50
Director
$0 $0 $0
JILLIAN RIDDELL MCDONNELL DIRECTOR 0.50
Director
$0 $0 $0
JOHN HRUSKA DIRECTOR 0.50
Director
$0 $0 $0
JOHN HUNTER DIRECTOR 0.50
Director
$0 $0 $0
JOSEPH CIRIGLIANO DIRECTOR 0.50
Director
$0 $0 $0
KENT HAGEMAN DIRECTOR 0.50
Director
$0 $0 $0
KEVIN FLANIGAN DIRECTOR 0.50
Director
$0 $0 $0
KEVIN NELSON DIRECTOR 0.50
Director
$0 $0 $0
KIM MCDONALD DIRECTOR 0.50
Director
$0 $0 $0
MARC GUAY DIRECTOR 0.50
Director
$0 $0 $0
MARIA ZOLLI DIRECTOR 0.50
Director
$0 $0 $0
MARK SKELLENGER DIRECTOR 0.50
Director
$0 $0 $0
MARTIN M'TAMBO DIRECTOR 0.50
Director
$0 $0 $0
MICHAEL SHERMAN DIRECTOR 0.50
Director
$0 $0 $0
MICHELLE REICHLIN DIRECTOR 0.50
Director
$0 $0 $0
PHIL BAPTISTE DIRECTOR 0.50
Director
$0 $0 $0
RON COCCO DIRECTOR 0.50
Director
$0 $0 $0
ROY CHURCH DIRECTOR 0.50
Director
$0 $0 $0
RUSTOM KHOURI DIRECTOR 0.50
Director
$0 $0 $0
SAMANTHA ABRAHAM DIRECTOR 0.50
Director
$0 $0 $0
SRINIVAS SUBRAMANIAN DIRECTOR 0.50
Director
$0 $0 $0
SUSANNE DOTSON DIRECTOR 0.50
Director
$0 $0 $0
TERESA GARDNER DIRECTOR 0.50
Director
$0 $0 $0
TIM KING DIRECTOR 0.50
Director
$0 $0 $0
TOMIE PATTON DIRECTOR 0.50
Director
$0 $0 $0
WILLIAM HUDNUTT DIRECTOR 0.50
Director
$0 $0 $0
MARCIA BALLINGER PRESIDENT,DIRECTOR 0.50
Officer Director
$0 $0 $0
REBECCA STARCK CHAIR, DIRECTOR 0.50
Officer Director
$0 $0 $0
JAMES MIRALDI VICE CHAIR, DIRECTOR 0.50
Officer Director
$0 $0 $0
JOHN SCHAEFFER VICE CHAIR, DIRECTOR 0.50
Officer Director
$0 $0 $0
PHILIP AMOS TREASURER, DIRECTOR 0.50
Officer Director
$0 $0 $0
MARK SEIDEL ASST. TREASURER, DIRECTOR 0.50
Officer Director
$0 $0 $0
DAVID HERZER SECRETARY, DIRECTOR 0.50
Officer Director
$0 $0 $0
CATHY DIETLIN ASST. SECRETARY, DIRECTOR 0.50
Officer Director
$0 $0 $0
LISA BROWN EXECUTIVE DIRECTOR 40.00
Officer
$162,735 $36,923 $199,658
CHARLES WIERSMA DIRECTOR, FINANCE AND OPER 40.00
Officer
$101,805 $30,173 $131,978
TRACY GREEN VICE PRESIDENT 0.50
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $11,557,697 $3,124,991 $84,567,154 $8,432,706
2024 $8,724,648 $3,653,070 $71,033,771 $5,071,578
2023 $4,011,366 $3,331,916 $60,528,813 $679,450
2022 $5,147,930 $2,931,609 $56,305,476 $2,216,321
2021 $5,078,771 $2,887,193 $64,108,874 $2,191,578
2020 $4,308,164 $3,168,722 $51,573,181 $1,139,442
2019 $4,276,520 $3,256,719 $51,404,195 $1,019,801
2018 $3,771,227 $3,001,613 $50,986,823 $769,614
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