Nonprofit · EIN 42-1711239
LUCAS COUNTY ECONOMIC DEVELOPMENT CORPORATION
Tax-exempt · TOLEDO, OH 43604
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $5,120,679 | $5,059,011 | $61,668 | $88,129,983 | $84,164,684 | $3,965,299 |
| December 31, 2023 | 990 | $4,608,812 | $3,228,643 | $1,380,169 | $44,374,868 | $40,201,171 | $4,173,697 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $983,690
- of which government grants
- $470,000
- Program service revenue
- $1,746,400
- Investment income
- $2,349,240
- Net income from gaming
- $2,206
- Net income from sales of inventory
- $39,143
- Other revenue
- $41,349
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $116,995
- Accounting fees
- $144,471
- Occupancy
- $1,635,999
- Program services (functional)
- $4,855,500
- Management and general (functional)
- $203,511
Balance sheet and other
- Total assets, start of year
- $44,374,868
- Total assets, end of year
- $88,129,983
- Total liabilities, end of year
- $84,164,684
- Net assets, end of year
- $3,965,299
- Net assets without donor restrictions
- $3,965,299
- Gross receipts
- $5,127,786
- Employees
- 0
- Volunteers
- 6
- Year formed
- 1964
- 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 |
|---|---|---|---|
| KIMBERLY CUTCHER | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| LISA SOBECKI | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NEAL MAHONEY | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| PETER GERKEN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| TERESA MOORE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| TINA SKELDON WOZNIAK | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MATTHEW S HEYRMAN | PRESIDENT Officer | 2 | $0 |
| JESSICA FORD | TREASURER Officer | 2 | $0 |
| DOUG BORN | OUTGOING PRESIDENT Officer | 2 | $0 |
990 for the year ended December 31, 2023: 9 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KIMBERLY CUTCHER | VICE PRESIDENT Trustee or director, Officer | 2 | $0 |
| LISA SOBECKI | BOARD MEMBER Trustee or director | 0.5 | $0 |
| NEAL MAHONEY | CHAIRMAN Trustee or director, Officer | 2 | $0 |
| PETER GERKEN | BOARD MEMBER Trustee or director | 0.5 | $0 |
| TERESA MOORE | BOARD MEMBER Trustee or director | 0.5 | $0 |
| TINA SKELDON WOZNIAK | BOARD MEMBER Trustee or director | 0.5 | $0 |
| MATTHEW S HEYRMAN | PRESIDENT Officer | 2 | $0 |
| JESSICA FORD | TREASURER Officer | 2 | $0 |
| DOUG BORN | OUTGOING PRESIDENT Officer | 2 | $0 |
Address and contacts
- Address (IRS master file)
- 1 GOVERNMENT CTR STE 800, TOLEDO, OH 43604-2259
- In care of
- % SHAWN FERGUSON
- Principal officer (990 for 2024)
- MATT HEYRMAN, ONE GOVERNMENT CENTER 800, TOLEDO, OH 43604
- Signed the 990
- MATT HEYRMAN, PRESIDENT
- Phone
- (419) 213-4604
- Website
- WWW.WORKREADYLUCASCOUNTY.COM
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
LUCAS COUNTY ECONOMIC DEVELOPMENT CORPORATION WAS ORGANIZED FOR THE PURPOSE OF PROMOTING, ADVANCING, AND ENCOURAGING THE INDUSTRIAL, ECONOMIC, COMMERCIAL, AND CIVIC DEVELOPMENT OF LUCAS COUNTY AND THE SURROUNDING AREA.
Program accomplishments
- AS THE DESIGNATED COMMUNITY IMPROVEMENT CORPORATION FOR THE LUCAS COUNTY COMMISSIONERS, THE LUCAS COUNTY ECONOMIC DEVELOPMENT CORPORATION (LCEDC) WORKS TO PROMOTE THE INDUSTRIAL, ECONOMIC, COMMERCIAL, AND CIVIC DEVELOPMENT OF LUCAS COUNTY. THROUGH STRATEGIC INVESTMENT, THE LCEDC IMPROVES EMPLOYMENT OPPORTUNITIES AND ADVANCES THE INDUSTRIAL AND COMMERCIAL LIFE OF THE COMMUNITY.Expenses $4,100,717 · revenue $3,978,681
- TOLEDO JEEP FEST CONDUCTED A COMMUNITY EVENT TO PROMOTE DECADES OF JEEP'S PARTNERSHIP WITH THE CITY OF TOLEDO.Expenses $754,783 · revenue $165,415
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
- 42-1711239
- 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
- 2011
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $88,129,983
- Income (IRS master file)
- $5,127,786
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $5,120,679 | $5,059,011 | $88,129,983 | XML |
| 990 | December 2023 | $4,608,812 | $3,228,643 | $44,374,868 | XML |
| 990 | December 2022 | $2,020,086 | $1,854,572 | $43,278,006 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | 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 42-1711239).
Questions about LUCAS COUNTY ECONOMIC DEVELOPMENT CORPORATION
- What is the EIN of LUCAS COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of LUCAS COUNTY ECONOMIC DEVELOPMENT CORPORATION is 42-1711239.
- Is LUCAS COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2011.
- Are donations to LUCAS COUNTY ECONOMIC DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does LUCAS COUNTY 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 LUCAS COUNTY 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 LUCAS COUNTY 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 LUCAS COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names MATT HEYRMAN.
- Who are the officers and directors of LUCAS COUNTY ECONOMIC DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 9 people; 0 received compensation from the organization.
- How much revenue does LUCAS COUNTY ECONOMIC DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $5,120,679, expenses of $5,059,011 and total assets of $88,129,983 at year end.
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