Nonprofit · EIN 34-1381822
LEARNING ABOUT BUSINESS INC
Tax-exempt · PAINESVILLE, OH 44077
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| August 31, 2025 | 990-EZ | $83,494 | $78,455 | $5,039 | $214,916 | $0 | $214,916 |
| August 31, 2024 | 990-EZ | $108,957 | $74,005 | $34,952 | $208,773 | $0 | $208,773 |
| August 31, 2023 | 990-EZ | $50,864 | $76,057 | -$25,193 | $170,340 | – | $170,340 |
Financial details: 990-EZ for the year ended August 31, 2025
Revenue
- Contributions, gifts and grants
- $54,248
- Program service revenue
- $6,650
- Investment income
- $22,596
Expenses
- Compensation of officers, directors and key employees
- $0
- Salaries, compensation and benefits (total)
- $29,040
- Professional fees and payments to contractors
- $12,434
- Printing, publications and postage
- $1,709
- Other expenses
- $35,272
- Program services (functional)
- $35,392
Balance sheet and other
- Total assets, start of year
- $208,773
- Total assets, end of year
- $214,916
- Total liabilities, end of year
- $0
- Net assets, end of year
- $214,916
- Cash, savings and investments
- $214,916
- Gross receipts
- $83,494
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-EZ for the year ended August 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY LAMPHIER | BOARD CHAIR | 2 | $0 |
| PAUL PAHORESKY | FINANCE CHAIR | 1 | $0 |
| PETER DEROOY | FUND DEVELOPMENT CHAIR | 1 | $0 |
| ELLIA DE LA GARZA | DIRECTOR | 1 | $0 |
| ANNA DEY | DIRECTOR | 1 | $0 |
| EMILY DIZER | DIRECTOR | 1 | $0 |
| MARY DURRA | DIRECTOR | 1 | $0 |
| JENNIFER KINNAIRD PHD | DIRECTOR | 1 | $0 |
| KURT MCGINNIS | DIRECTOR | 1 | $0 |
| DONALD WAYNE MCLEOD | DIRECTOR | 1 | $0 |
| TONY SHICK | DIRECTOR | 1 | $0 |
| DANIEL SELLE | DIRECTOR | 1 | $0 |
990-EZ for the year ended August 31, 2024: 12 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| LARRY LAMPHIER | BOARD CHAIR | 2 | $0 |
| PAUL PAHORESKY | FINANCE CHAIR | 1 | $0 |
| PETER DEROOY | FUND DEVELOPMENT CHAIR | 1 | $0 |
| ELLIA DE LA GARZA | DIRECTOR | 1 | $0 |
| ANNA DEY | DIRECTOR | 1 | $0 |
| EMILY DIZER | DIRECTOR | 1 | $0 |
| MARY DURRA | DIRECTOR | 1 | $0 |
| JENNIFER KINNAIRD PHD | DIRECTOR | 1 | $0 |
| KURT MCGINNIS | DIRECTOR | 1 | $0 |
| DONALD WAYNE MCLEOD | DIRECTOR | 1 | $0 |
| TONY SHICK | DIRECTOR | 1 | $0 |
| DANIEL SELLE | DIRECTOR | 1 | $0 |
990-EZ for the year ended August 31, 2023: 4 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARIE GRAF | EXECUTIVE DI | 18 | $26,400 |
| PETE DEROOY | PAST CHARIMA | 2 | $0 |
| PAUL PAHORESKY | FINANCE CHAI | 2 | $0 |
| LARRY LAMPHIER | CHAIR | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 391 W WASHINGTON ST, PAINESVILLE, OH 44077-3309
- In care of
- % MARIE GRAF
- Signed the 990-EZ
- MARIE GRAF, EXECUTIVE DIRECTOR
- Phone
- (440) 375-7185
- Return prepared by
- PRP & ASSOCIATES
Mission
THE ORGANIZATION PUTS ON A ONE WEEK INTENSIVE SUMMER CAMP FOR HIGHSCHOOL STUDENTS WHERE THEY LEARN ABOUT THE ROLE OF BUSINESS IN SOCIETY AND LEARN ABOUT BUSINESS IN GENERAL.
Program accomplishments
- THE PROGRAM SPONSORS ONE WEEK INTENSIVE SUMMER CAMP FOR HIGHSCHOOL STUDENTS TO LEARN ABOUT THE ROLE OF BUSINESS IN SOCIETY AND TO LEARN ABOUT BUSINESS IN GENERALExpenses $35,392 · grants $29,900
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 August, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | August 31, 2026 | January 15, 2027 | Not due yet |
| 2024 | August 31, 2025 | January 15, 2026 | 990-EZ on file |
| 2023 | August 31, 2024 | January 15, 2025 | 990-EZ on file |
IRS record
- EIN
- 34-1381822
- 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
- 1983
- Accounting year ends
- August
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Youth development (O53Z)
- Assets (IRS master file)
- $214,916
- Income (IRS master file)
- $83,494
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-EZ | August 2025 | – | – | – | IRS |
| 990-EZ | August 2024 | $108,957 | $74,005 | $208,773 | IRS |
| 990-EZ | August 2023 | $50,864 | $76,057 | $170,340 | IRS |
| 990 | August 2022 | $58,047 | $68,101 | $194,334 | IRS |
| 990 | August 2021 | – | – | – | IRS |
| 990 | August 2020 | – | – | – | IRS |
| 990-EZ | August 2019 | – | – | – | IRS |
| 990-EZ | August 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about LEARNING ABOUT BUSINESS INC
- What is the EIN of LEARNING ABOUT BUSINESS INC?
- The employer identification number (EIN) of LEARNING ABOUT BUSINESS INC is 34-1381822.
- Is LEARNING ABOUT BUSINESS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to LEARNING ABOUT BUSINESS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LEARNING ABOUT BUSINESS INC 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 LEARNING ABOUT BUSINESS INC due?
- The return for tax year 2025 (the year ending August 31, 2026) is due January 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did LEARNING ABOUT BUSINESS INC last file with the IRS?
- The latest return in the IRS public files is the 990-EZ for the year ended August 2025.
- Who are the officers and directors of LEARNING ABOUT BUSINESS INC?
- The 990-EZ for the year ended August 31, 2025 lists 12 people; 0 received compensation from the organization.
- How much revenue does LEARNING ABOUT BUSINESS INC have?
- On its 990-EZ for the year ended August 31, 2025 it reported revenue of $83,494, expenses of $78,455 and total assets of $214,916 at year end.
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