Lake Erie Marine Trades Association Educational Foundation Inc
Lake Erie Marine Trades Association is a private foundation based in Westlake, Ohio. Its filing states that awards are for educational purposes in the field of recreational boating.
Lake Erie Marine Trades Association Educational Foundation Inc at a glance
In short: Lake Erie Marine Trades Association Educational Foundation Inc gave $18K across 10 grants in 2024 (avg $2K), mostly in Ohio. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $18,000
- +28.6% vs 2023
- Grants made (2024)
- 10
- +66.7% vs 2023
- Average grant
- $1,800
- -22.9% vs 2023
- Median grant
- $1,500
- Total assets
- $15,157
- +26.2% vs 2023
- Primary geography
- Ohio (94% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
How to apply to Lake Erie Marine Trades Association Educational Foundation Inc
- How to Apply
-
The foundation does not restrict giving to preselected organizations. A letter requesting a formal application should be submitted. Awards are for educational purposes in the field of recreational boating.
- Review Cycle
- May 1 annually. The May 1, 2026 deadline is past.
- Deadline
- May 1 annually.
- Contact
Application contact: Lake Erie Marine Trades Association
Mailing address: 1269 Bassett Road, Westlake, OH 44145
Phone: (440) 899-5009
Application details from Grantable's research on the foundation's public materials; confirm on its website before applying.
Who Lake Erie Marine Trades Association Educational Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top recipient in 2024
The largest 2024 recipient was Great Lakes Community Action Partne ($5K).
Organizations only. It also paid 9 individual scholarships ($13,000), which are not listed by name.
Grant Size Distribution
25 grants across all recorded years
The most common grant size was under $50K: 25 grants of 25 (100%).
Geographic Focus
Where this funder awards grants
The 2024 grant dollars went to recipients in Ohio (94%) and Michigan (6%).
Grant Distribution by State
Share of 2024 grant dollars across all 10 itemized grants.
Cities
How Lake Erie Marine Trades Association Educational Foundation Inc gives
- Giving grew 260% from 2021 to 2024. Method
- In 2024 it paid out well above its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2021 to 2024, annual grant giving ranged from $5K (2021) to $18K (2024). In 2024 it made 10 grants totaling $18K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Great Lakes Community Action Partne Fremont, OH | Education Course Sponsor | $5,000 |
| 9 individual scholarships Recipients not named | — | $13,000 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $15,157 | $28,741 | $18,125 | $18,000 | 10 | $18,000 | $228 | $744 |
| 2023 | $12,006 | — | $14,000 | $14,000 | 6 | $14,000 | — | $1,506 |
| 2022 | $26,006 | $10,604 | $12,000 | $12,000 | 6 | $12,000 | — | $1,730 |
| 2021 | $27,402 | $9 | $5,110 | $5,000 | 3 | — | $9 | $2,230 |
Under IRS private-foundation payout rules, Lake Erie Marine Trades Association Educational Foundation Inc reported a distributable amount of $744 for 2024 — the minimum it must pay out in qualifying distributions.
Research compiled by Grantable AI from public sources. Last updated September 2026.
Grantmaking
In 2024, the foundation gave $18,000 across 10 grants. Grant amounts ranged from $1,000 to $5,000, with a median of $1,500. The largest award was $5,000 to Great Lakes Community Action Partne for an education course sponsor. Other listed grants included four $2,000 college-tuition awards and five $1,000 college-tuition awards.
Leadership & Key People
Leadership team and compensation from IRS filings
The 2024 filing lists William G Schaeffer, Michelle L Burke, William C Huffman, and Jim Stoufer as trustees.
Lake Erie Marine Trades Association Educational Foundation Inc's 2024 filing lists 4 officers; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Michelle L. Burke
Trustee
On filings since 2021
No compensation reported
William C. Huffman
Trustee
On filings since 2021
No compensation reported
William G. Schaeffer
Trustee
On filings since 2021
No compensation reported
Jim Stoufer
Trustee
New on the 2024 filing
No compensation reported
Data from IRS Form 990 filings, 2021–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Frequently asked questions about Lake Erie Marine Trades Association Educational Foundation Inc
How much does Lake Erie Marine Trades Association Educational Foundation Inc give each year?
Lake Erie Marine Trades Association Educational Foundation Inc gave $18K across 10 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $14K across 6 grants.
What is Lake Erie Marine Trades Association Educational Foundation Inc's typical grant size?
Lake Erie Marine Trades Association Educational Foundation Inc's median grant in 2024 was $1,500, and its average grant was $1,800, across 10 grants on its 2024 IRS Form 990-PF.
Where does Lake Erie Marine Trades Association Educational Foundation Inc give grants?
Lake Erie Marine Trades Association Educational Foundation Inc gives mostly in Ohio: 94% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest state was Michigan (6%).
Does Lake Erie Marine Trades Association Educational Foundation Inc give general operating support?
Not in 2024: none of the 10 grants with a stated purpose on Lake Erie Marine Trades Association Educational Foundation Inc's 2024 IRS Form 990-PF were described as general or operating support. Recurring purposes include "College Tuition" (9 grants).
How large is Lake Erie Marine Trades Association Educational Foundation Inc?
Lake Erie Marine Trades Association Educational Foundation Inc reported $15K in total assets on its 2024 IRS Form 990-PF. It paid out $18K in qualifying distributions that year, against a required minimum of $744 (roughly 5% of its investment assets).
How do I apply for a grant from Lake Erie Marine Trades Association Educational Foundation Inc?
The foundation does not restrict giving to preselected organizations. Eligibility and process details are in the grantmaking section of this profile. See how to apply ↑
What is Lake Erie Marine Trades Association Educational Foundation Inc's EIN?
Lake Erie Marine Trades Association Educational Foundation Inc's EIN (Employer Identification Number) is 34-1835791. IRS Form 990 filing data is available on this page for 2021–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings. Research dossier generated September 2026.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2021–2024
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