Nonprofit · EIN 86-3103724
SPECTRUM GROWTH INC
Tax-exempt · LORAIN, OH 44052
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $4,130,347 | $3,916,001 | $214,346 | $2,371,064 | $1,926,819 | $444,245 |
| December 31, 2024 | 990 | $5,348,325 | $5,415,660 | -$67,335 | $383,865 | $153,965 | $229,900 |
| December 31, 2023 | 990 | $5,522,252 | $5,238,751 | $283,501 | $353,967 | $56,732 | $297,235 |
| December 31, 2022 | 990 | $4,438,807 | $4,425,073 | $13,734 | $54,636 | $40,902 | $13,734 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $3,666,748
- of which government grants
- $3,666,748
- Program service revenue
- $463,199
- Investment income
- $0
- Other revenue
- $400
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $1,000
- Other salaries and wages
- $268,236
- Salaries, compensation and benefits (total)
- $330,904
- Professional fundraising fees
- $0
- Legal fees
- $1,475
- Accounting fees
- $5,027
- Occupancy
- $508,471
- Travel
- $101,953
- Program services (functional)
- $3,547,992
- Management and general (functional)
- $368,009
Balance sheet and other
- Total assets, start of year
- $383,865
- Total assets, end of year
- $2,371,064
- Total liabilities, end of year
- $1,926,819
- Net assets, end of year
- $444,245
- Net assets without donor restrictions
- $444,245
- Gross receipts
- $4,130,347
- Employees
- 25
- Volunteers
- 0
- Year formed
- 2021
- 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, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Susan Horan | Member Trustee or director | 0.25 | $375 |
| Alexander Garrett | President Officer | 0.25 | $375 |
| Sarah Smith | Member Trustee or director | 0.25 | $250 |
990 for the year ended December 31, 2024: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Sarah Smith | Member Trustee or director | 0.25 | $0 |
| Susan Horan | Member Trustee or director | 0.25 | $0 |
| Alexander Garrett | President Officer | 0.25 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alexander Garrett | President Officer | 0.25 | $375 |
| Susan Smith | Member Trustee or director | 0.25 | $250 |
| Susan Horan | Member Trustee or director | 0.25 | $250 |
990 for the year ended December 31, 2022: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Alexander Garrett | President Officer | 0.25 | $125 |
| Melissa Velez | Former President Officer, Former | 0.25 | $125 |
| Alicia Jamerson | Secretary Officer, Former | 0.25 | $125 |
| Susan Smith | Member Trustee or director | 0.25 | $63 |
| Susan Horan | Member Trustee or director | 0.25 | $62 |
Address and contacts
- Address (IRS master file)
- 300 BROADWAY STE 102, LORAIN, OH 44052-1639
- Mailing address (990-N for 2021)
- 300 BROADWAY STE 101, LORAIN OH 44052
- Principal officer (990 for 2025)
- Thomas F Babb, 300 Broadway Avenue, Suite 101, Lorain, OH 44052
- Principal officer (990-N for 2021)
- JON VEAR, 300 BROADWAY STE 101, LORAIN OH 44052
- Signed the 990
- Thomas Babb, CFO
- Phone
- (440) 244-2200
Mission
To provide an environment that fosters excellence, social-emotional growth, and healthy development to ensure that all students are prepared to take on the unique challenges of the 21st century.
Program accomplishments
- Provided educational services to 152 students aged 3 through 21 years (grades Pre-K through 12) with Autism Spectrum Disorder (ASD) and other disabilities.Expenses $3,547,992 · grants $3,666,748 · revenue $4,130,347
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 | 990 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
- 86-3103724
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P20)
- Assets (IRS master file)
- $2,371,064
- Income (IRS master file)
- $4,130,347
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $4,130,347 | $3,916,001 | $2,371,064 | IRS |
| 990 | December 2024 | $5,348,325 | $5,415,660 | $383,865 | XML |
| 990 | December 2023 | $5,522,252 | $5,238,751 | $353,967 | XML |
| 990 | December 2022 | $4,438,807 | $4,425,073 | $54,636 | XML |
| 990-N for 2021 Officer: JON VEAR | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
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 86-3103724).
Questions about SPECTRUM GROWTH INC
- What is the EIN of SPECTRUM GROWTH INC?
- The employer identification number (EIN) of SPECTRUM GROWTH INC is 86-3103724.
- Is SPECTRUM GROWTH INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to SPECTRUM GROWTH INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SPECTRUM GROWTH 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 SPECTRUM GROWTH INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SPECTRUM GROWTH INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of SPECTRUM GROWTH INC?
- The 990 for the year ended December 31, 2025 names Thomas F Babb.
- Who are the officers and directors of SPECTRUM GROWTH INC?
- The 990 for the year ended December 31, 2025 lists 3 people; 3 received compensation from the organization, the highest $375 (Susan Horan, Member).
- How much revenue does SPECTRUM GROWTH INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $4,130,347, expenses of $3,916,001 and total assets of $2,371,064 at year end.
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