Nonprofit · EIN 31-1075744
LAWRENCE ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · SOUTH POINT, OH 45680
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $10,090,964 | $5,244,899 | $4,846,065 | $67,061,764 | $10,953,134 | $56,108,630 |
| December 31, 2023 | 990 | $5,284,486 | $5,128,103 | $156,383 | $65,043,975 | $13,781,410 | $51,262,565 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,380,994
- of which government grants
- $1,331,053
- Program service revenue
- $374,899
- Investment income
- $2,677,796
- Net rental income
- $3,199,800
- Net gain from sales of assets
- $2,542,729
- Other revenue
- $5,657,275
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $1,172,226
- Salaries, compensation and benefits (total)
- $1,172,226
- Professional fundraising fees
- $0
- Legal fees
- $49,116
- Accounting fees
- $43,968
- Occupancy
- $999,629
- Travel
- $99,813
- Depreciation
- $1,015,881
- Program services (functional)
- $1,225,362
- Management and general (functional)
- $4,019,537
Balance sheet and other
- Total assets, start of year
- $65,043,975
- Total assets, end of year
- $67,061,764
- Total liabilities, end of year
- $10,953,134
- Net assets, end of year
- $56,108,630
- Land, buildings and equipment
- $52,201,241
- Net assets without donor restrictions
- $56,029,679
- Net assets with donor restrictions
- $78,951
- Gross receipts
- $10,090,964
- Employees
- 0
- Volunteers
- 25
- Year formed
- 1984
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Bill Dingus | Executive Director Officer, Key employee, Highest-paid employee | 40 | $0 | $185,518 |
| Jeremy Clay | Associate Director Officer, Key employee | 40 | $0 | $161,247 |
| Jesse Layne | CFO Officer, Key employee | 40 | $0 | $117,100 |
| Carl Darling | 2nd Vice President Trustee or director, Officer | 2 | $0 | $0 |
| George Moore | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Dan Evans | Chairman of the Board Trustee or director, Officer | 2 | $0 | $0 |
| Gordon Waters | President Trustee or director, Officer | 2 | $0 | $0 |
| Carl Grover | Board Member Trustee or director | 2 | $0 | $0 |
| D R Gossett | Board Member Trustee or director | 2 | $0 | $0 |
| Tim Albert | Board Member Trustee or director | 2 | $0 | $0 |
| Jodi Rowe-Collins | Board Member Trustee or director | 2 | $0 | $0 |
| Matt Manns | Board Member Trustee or director | 2 | $0 | $0 |
| Sandy Blackburn | Board Member Trustee or director | 2 | $0 | $0 |
| Dan Mooney | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Matt Bell | Asst. Secretary Trustee or director, Officer | 2 | $0 | $0 |
11 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Katie McKnight | Treasurer Trustee or director, Officer | 2 | $0 |
| Emmett Kiritsy | Board Member Trustee or director | 2 | $0 |
| Jim Galloway | Board Member Trustee or director | 2 | $0 |
| Ernie Hall | Parliamentarian Trustee or director | 2 | $0 |
| Aaron Heighton | Asst. Treasurer Trustee or director | 2 | $0 |
| Drew Hurst | Board Member Trustee or director | 2 | $0 |
| Rob Lynch | Board Member Trustee or director | 2 | $0 |
| Tracy Bunch | Communications Officer Trustee or director | 2 | $0 |
| Melissa Clark | Board Member Trustee or director | 2 | $0 |
| Mike Davis | Board Member Trustee or director | 2 | $0 |
| Dr Robert Hess | Chamber President Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 26 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Bill Dingus | Executive Director Officer, Key employee, Highest-paid employee | 40 | $0 | $243,383 |
| Jeremy Clay | Associate Director Officer, Key employee | 40 | $0 | $182,642 |
| Jesse Layne | CFO Officer, Key employee | 40 | $0 | $104,660 |
| Carl Darling | Board Member Trustee or director | 2 | $0 | $0 |
| George Moore | Secretary Trustee or director, Officer | 2 | $0 | $0 |
| Dan Evans | President Trustee or director, Officer | 2 | $0 | $0 |
| Gordon Waters | Treasurer Trustee or director, Officer | 2 | $0 | $0 |
| Carl Grover | Board Member Trustee or director | 2 | $0 | $0 |
| D R Gossett | Board Member Trustee or director | 2 | $0 | $0 |
| Dan Jeffries | Board Member Trustee or director | 2 | $0 | $0 |
| Jodi Rowe-Collins | Board Member Trustee or director | 2 | $0 | $0 |
| Matt Manns | Board Member Trustee or director | 2 | $0 | $0 |
| Sandy Blackburn | Board Member Trustee or director | 2 | $0 | $0 |
| Dan Mooney | Vice President Trustee or director, Officer | 2 | $0 | $0 |
| Matt Bell | Board Member Trustee or director | 2 | $0 | $0 |
| Katie McKnight | Board Member Trustee or director | 2 | $0 | $0 |
| Shawn Allen | Board Member Trustee or director | 2 | $0 | $0 |
| Jim Galloway | Board Member Trustee or director | 2 | $0 | $0 |
| Ernie Hall | Board Member Trustee or director | 2 | $0 | $0 |
| Jennifer Hellmich | Board Member Trustee or director | 2 | $0 | $0 |
| Drew Hurst | Board Member Trustee or director | 2 | $0 | $0 |
| Rob Lynch | Board Member Trustee or director | 2 | $0 | $0 |
| Ray Sawyer | Board Member Trustee or director | 2 | $0 | $0 |
| Melissa Clark | Board Member Trustee or director | 2 | $0 | $0 |
| Mike Davis | Board Member Trustee or director | 2 | $0 | $0 |
| Melissa Butterworth | Chamber President Trustee or director | 2 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 216 COLLINS AVE, SOUTH POINT, OH 45680-8501
- Principal officer (990 for 2024)
- Bill Dingus, PO Box 488, South Point, OH 45680
- Signed the 990
- Jesse Layne, CFO
- Phone
- (740) 377-4550
- Website
- WWW.LAWRENCECOUNTYOHIO.ORG
- Return prepared by
- Caudill & Associates CPA PLLC
Mission
To promote economic development in the City of Ironton and the County of Lawrence, Ohio. To act as designated agent for providing governmental assistance to business enterprise and to promote the general economic development of Lawrence County, Ohio
Program accomplishments
- During the FY 24 program year, SOAPEX has conducted 22 small business workshops. SOAPEX worked with 145 active clients resulting in 55 awarded contracts.Expenses $395,828
- During 2024, LEDC helped secure the development of a 42-bed physical rehabilitation hospital that is expected to bring nearly 200 jobs to the county. LEDC began planning the construction of a new 22,000 sq ft speculative building and is actively working through lease terms with a client. Additionally, LEDC has partnered with various county agencies to secure grant funding to remove asbestos from several local buildings to allow them to be used in the future, as well continuing to clean up the former Biomass site to get it ready for development.Expenses $617,255
- The CVB continues to work on the awarded ARC grant that is aimed at marking 27 historical Underground railroad sites along the Ohio River. The grant will be wrapped up in 2025 and is expected to mark all 27 sites. During the year, the CVB attended many events to increase awareness of tourism in Lawrence County. These include the Ohio RV and Boat Show and Ohio's Tourism Day at the Ohio Statehouse among others.Expenses $212,279
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 31-1075744
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1987
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $67,061,764
- Income (IRS master file)
- $10,090,964
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $10,090,964 | $5,244,899 | $67,061,764 | XML |
| 990 | December 2023 | $5,284,486 | $5,128,103 | $65,043,975 | XML |
| 990 | December 2022 | $5,238,055 | $4,448,554 | $62,690,942 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1075744).
Questions about LAWRENCE ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of LAWRENCE ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of LAWRENCE ECONOMIC DEVELOPMENT CORPORATION is 31-1075744.
- Is LAWRENCE ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1987.
- Are donations to LAWRENCE ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LAWRENCE ECONOMIC DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of LAWRENCE ECONOMIC DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LAWRENCE ECONOMIC DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of LAWRENCE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names Bill Dingus.
- Who are the officers and directors of LAWRENCE ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 26 people; 0 received compensation from the organization.
- How much revenue does LAWRENCE ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $10,090,964, expenses of $5,244,899 and total assets of $67,061,764 at year end.
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