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Nonprofit · EIN 34-1835791

LAKE ERIE MARINE TRADES ASSOCIATION EDUCATIONAL FOUNDATION INC

Tax-exempt · WESTLAKE, OH 44145

Financials

$11K$12K2021$0$14K2022$29K$18K2023
Revenue Expenses · by fiscal year end
Financials of LAKE ERIE MARINE TRADES ASSOCIATION EDUCATIONAL FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
April 30, 2024990-PF$28,741$18,125$10,616$15,157$0$15,157
April 30, 2023990-PF$0$14,000-$14,000$12,006$0$12,006
April 30, 2022990-PF$10,604$12,000-$1,396$26,006$0$26,006
Financial details: 990-PF for the year ended April 30, 2024

Revenue

Interest
$228
Other income
$28,513

Expenses

Grants and similar amounts paid
$18,000
Disbursements for charitable purposes
$18,000
Excise tax on investment income
$3

Balance sheet and other

Total assets, start of year
$12,006
Total assets, end of year
$15,157
Total liabilities, end of year
$0
Net assets, end of year
$15,157
Fair market value of assets
$15,157
Qualifying distributions
$18,000
Net investment income
$228

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-PF for the year ended April 30, 2024, highest compensation first.

NameTitleHours / weekCompensation
WILLIAM G SCHAEFFER
6101 W ERIE AVE, LORAIN, OH 44053
TRUSTEE0$0
MICHELLE L BURKE
1269 BASSETT ROAD, WESTLAKE, OH 44145
TRUSTEE0$0
WILLIAM C HUFFMAN
24441 DETROIT ROAD, WESTLAKE, OH 44145
TRUSTEE0$0
JIM STOUFER
4235 BEACH CLUB RD, PORT CLINTON, OH 43452
TRUSTEE0$0
990-PF for the year ended April 30, 2023: 3 people
NameTitleHours / weekCompensation
WILLIAM G SCHAEFFER
6101 W ERIE AVE, LORAIN, OH 44052
TRUSTEE0$0
MICHELLE L BURKE
1269 BASSETT ROAD, WESTLAKE, OH 44145
TRUSTEE0$0
WILLIAM C HUFFMAN
2441 DETROIT ROAD, WESTLAKE, OH 44145
TRUSTEE0$0
990-PF for the year ended April 30, 2022: 3 people
NameTitleHours / weekCompensation
WILLIAM G SCHAEFFER
6101 W ERIE AVE, LORAIN, OH 44052
TRUSTEE0$0
MICHELLE L BURKE
1269 BASSETT ROAD, WESTLAKE, OH 44145
TRUSTEE0$0
WILLIAM C HUFFMAN
2441 DETROIT ROAD, WESTLAKE, OH 44145
TRUSTEE0$0

Address and contacts

Address (IRS master file)
1269 BASSETT RD, WESTLAKE, OH 44145-1116
In care of
% NORMAN SCHULTZ
Signed the 990-PF
MICHELLE L BURKE, TRUSTEE
Return prepared by
MCMANAMON & CO LLC

What it must file and when

IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in April, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025April 30, 2026September 15, 2026Not on file
2024April 30, 2025September 15, 2025Not on file
2023April 30, 2024September 16, 2024990-PF on file

IRS record

EIN
34-1835791
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Private non-operating foundation
Donations deductible (Pub 78)
Private foundation, 30% limit
Exempt since
1996
Accounting year ends
April
Files
Form 990-PF
Category (NTEE)
Education (B82Z)
Assets (IRS master file)
$15,157
Income (IRS master file)
$28,741

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFApril 2024$28,741$18,125$15,157XML
990-PFApril 2023$0$14,000$12,006XML
990-PFApril 2022$10,604$12,000$26,006XML
990-PFApril 2021–––IRS
990-PFApril 2019–––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 34-1835791).

Questions about LAKE ERIE MARINE TRADES ASSOCIATION EDUCATIONAL FOUNDATION INC

What is the EIN of LAKE ERIE MARINE TRADES ASSOCIATION EDUCATIONAL FOUNDATION INC?
The employer identification number (EIN) of LAKE ERIE MARINE TRADES ASSOCIATION EDUCATIONAL FOUNDATION INC is 34-1835791.
Is LAKE ERIE MARINE TRADES ASSOCIATION EDUCATIONAL FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
Are donations to LAKE ERIE MARINE TRADES ASSOCIATION EDUCATIONAL FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does LAKE ERIE MARINE TRADES ASSOCIATION EDUCATIONAL FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of LAKE ERIE MARINE TRADES ASSOCIATION EDUCATIONAL FOUNDATION INC due?
The return for tax year 2025 (the year ending April 30, 2026) is due September 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did LAKE ERIE MARINE TRADES ASSOCIATION EDUCATIONAL FOUNDATION INC last file with the IRS?
The latest return in the IRS public files is the 990-PF for the year ended April 2024.
Who are the officers and directors of LAKE ERIE MARINE TRADES ASSOCIATION EDUCATIONAL FOUNDATION INC?
The 990-PF for the year ended April 30, 2024 lists 4 people; 0 received compensation from the organization.
How much revenue does LAKE ERIE MARINE TRADES ASSOCIATION EDUCATIONAL FOUNDATION INC have?
On its 990-PF for the year ended April 30, 2024 it reported revenue of $28,741, expenses of $18,125 and total assets of $15,157 at year end.

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