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Nonprofit · EIN 34-6536684

LORAIN COUNTY MEDICAL FOUNDATION

Tax-exempt · ELYRIA, OH 44035

Financials

$90K$42K2024
Revenue Expenses · by fiscal year end
Financials of LORAIN COUNTY MEDICAL FOUNDATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$90,178$42,028$48,150$930,800$0$930,800
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$90,178
Other revenue
$0

Expenses

Grants and similar amounts paid
$28,500
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$4,250
Program services (functional)
$37,778
Management and general (functional)
$4,250

Balance sheet and other

Total assets, start of year
$882,650
Total assets, end of year
$930,800
Total liabilities, end of year
$0
Net assets, end of year
$930,800
Publicly traded securities
$897,311
Net assets without donor restrictions
$66,485
Net assets with donor restrictions
$864,315
Gross receipts
$90,178
Employees
0
Volunteers
8
Year formed
1950
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.

NameTitleHours / weekCompensation
DVORA NELSONPRESIDENT
Trustee or director, Officer
4$0
KENNETH CARBONETRUSTEE
Trustee or director
2$0
MARIO SERTICHTRUSTEE
Trustee or director
2$0
CHARLES BUTREYTRUSTEE
Trustee or director
2$0
JOHN SCHAEFFERTRUSTEE
Trustee or director
2$0
KAY CARBONETRUSTEE
Trustee or director
2$0

Address and contacts

Address (IRS master file)
5320 HOAG DRIVE, ELYRIA, OH 44035-0615
Principal officer (990 for 2024)
DVORA NELSON, 5320 HOAG DRIVE, ELYRIA, OH 44035
Signed the 990
DVORA NELSON, PRESIDENT
Phone
(440) 322-4272
Return prepared by
ALAN V JANUZZI CPA

Mission

THE FOUNDATION AWARDS SCHOLARSHIPS TO STUDENTS IN ANY MEDICAL RELATED FIELD WITHOUT DISCRIMIANTION TOWARD RACE, RELIGION, AGE OR SEX

990 for the year ended December 31, 2024

Program accomplishments

  • THE FOUNDATION AWARDED SCHOLARSHIPS TO COLLEGE STUDENTS IN THE MEDICAL FIELD
    Expenses $37,778

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
34-6536684
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Supporting organization (509(a)(3))
Donations deductible (Pub 78)
Supporting organization of unknown type
Exempt since
1964
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$930,800
Income (IRS master file)
$90,178

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$95,547$26,758$882,650IRS
990December 2022$0$143,277$813,861IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2019–––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 LORAIN COUNTY MEDICAL FOUNDATION

What is the EIN of LORAIN COUNTY MEDICAL FOUNDATION?
The employer identification number (EIN) of LORAIN COUNTY MEDICAL FOUNDATION is 34-6536684.
Is LORAIN COUNTY MEDICAL FOUNDATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1964.
Are donations to LORAIN COUNTY MEDICAL FOUNDATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
Which annual return does LORAIN COUNTY MEDICAL FOUNDATION 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 LORAIN COUNTY MEDICAL FOUNDATION 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 LORAIN COUNTY MEDICAL FOUNDATION 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 LORAIN COUNTY MEDICAL FOUNDATION?
The 990 for the year ended December 31, 2024 names DVORA NELSON.
Who are the officers and directors of LORAIN COUNTY MEDICAL FOUNDATION?
The 990 for the year ended December 31, 2024 lists 6 people; 0 received compensation from the organization.
How much revenue does LORAIN COUNTY MEDICAL FOUNDATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $90,178, expenses of $42,028 and total assets of $930,800 at year end.

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