EIN 31-1075744

Lawrence Economic Development Corporation (LEDC)

IRS 501(c) type
501(c)(3)
Num. employees
0
State
Year formed
1984
Most recent tax filings
2023-12-01
NTEE code, primary
Description
The Lawrence Economic Development Corporation is the lead economic development agent for Lawrence County, Ohio. to implement a strategic development plan in an effort to induce businesses to locate and/or expand within the County.
Total revenues
$5,284,486
2023
Total expenses
$5,128,103
2023
Total assets
$65,043,975
2023
Num. employees
0
2023

Program areas at LEDC

During the FY22/23 program year, SOAPEX conducted 20 small business workshops. SOAPEX worked with 141 active clients during this period. SOAPEX helped its clients win 60 awards during the program year.
The CVB continues to pull visitors to the area through marketing and events. The CVB has worked tirelessly with several education partners to research 27 potential historical Underground Railroad sites in the region and have them added to the national registry. This is made possible by a $1.5 million grant from Appalachian Regional Commission. The CVB was selected as one of twenty five communities nationwide to take part in a Recreation Economies for Rural Communities assistance initiative. A two-day workshop with 18 federal partners and 50+ community members was help to discuss the assets that the region has to offer and how they can be used to increase tourism to the county.
LEDC: LEDC completed a $600,000 EPA Grant intended to help local landowners address environmental issues on their property. This program allowed LEDC to complete 20 Phase 1 ESA's, 10 Phase 2 ESA's, 2 vapor intrusion reports, and 1 cleanup planning document over the course of the 4-year project. LEDC welcomed a new addition to the Point Industrial Park with the construction of a 12,000 sq ft facility owned by Cohn Development. LEDC continues to work with a physical rehabilitation healthcare facility to bring high paying jobs to South Point as well as a multinational company aimed at bringing a battery chemical production plant to Lawrence County.

Who funds Lawrence Economic Development Corporation (LEDC)

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
JobsOhioEconomic Development$542,772

Personnel at LEDC

NameTitleCompensation
Jesse LayneChief Financial Officer$0
Bill DingusExecutive Director$0
Shirley DyerChamber Director
Jeremy ClayAssociate Director / Director of the Point$0

Financials for LEDC

RevenuesFYE 12/2023
Total grants, contributions, etc.$782,353
Program services$308,641
Investment income and dividends$46,011
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$2,910,718
Net gain from sale of non-inventory assets$648,969
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$587,794
Total revenues$5,284,486

Form 990s for LEDC

Fiscal year endingDate received by IRSFormPDF link
2023-122024-11-11990View PDF
2022-122023-10-31990View PDF
2021-122022-09-15990View PDF
2020-122021-07-15990View PDF
2019-122020-12-03990View PDF
...and 9 more Form 990s
Data update history
February 26, 2025
Posted financials
Added Form 990 for fiscal year 2023
November 18, 2024
Updated personnel
Identified 2 new personnel
July 8, 2024
Received grants
Identified 1 new grant, including a grant for $542,772 from JobsOhio
January 10, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 10, 2024
Updated personnel
Identified 10 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsHeadquarter / parent organizationsCharities
Issues
Community improvementEconomic development
Characteristics
State / local levelReceives government fundingManagement and technical assistanceTax deductible donationsNo full-time employeesAccepts online donations
General information
Address
PO Box 488
South Point, OH 45680
Metro area
Huntington-Ashland, WV-KY-OH
County
Lawrence County, OH
Website URL
lawrencecc.org/index.html 
Phone
(740) 377-4550
Facebook page
Lawrence-Economic-Development-Corporation 
IRS details
EIN
31-1075744
Fiscal year end
December
Taxreturn type
Form 990
Year formed
1984
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
926110: Economic Development Corporations and Economic Program Organizations
Parent/child status
Central organization
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