Ormaco Inc
- Assets
- $237.0k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Homerville, OH
- Founding
- 10/2010
- Data as of
- 12/2021
- EIN
- 27-3240979
Organization Overview
Ormaco Inc is located in Homerville, OH. The organization was established in 2010. According to its NTEE Classification (A68) the organization is classified as: Music, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ormaco Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Ormaco Inc generated $131.6k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.5% each year . All expenses for the organization totaled $70.1k during the year ending 12/2021. While expenses have increased by 5.8% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $93,470 |
| Total Program Service Revenue | $20,588 |
| Membership dues | $0 |
| Investment income | $3,893 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $100 |
| Other Revenue | $13,591 |
| Total Revenue | $131,642 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $42,000 |
| Occupancy, rent, utilities, and maintenance | $620 |
| Printing, publications, postage, and shipping | $2,479 |
| Other expenses | $24,954 |
| Total expenses | $70,053 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $224,614 |
| Other assets | $0 |
| Total assets | $236,962 |
| Total liabilities | $0 |
| Net assets or fund balances | $236,962 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Ormaco Inc has recieved totaling $18.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $18 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Musical Society Ann Arbor, MI | $42,227,393 | $9,895,639 |
Flint And Genesee Chamber Foundation Flint, MI | $674,613 | $5,341,436 |
Sphinx Organization Inc Detroit, MI | $23,511,690 | $14,240,622 |
Detroit Jazz Festival Productions Inc Harper Woods, MI | $289,388 | $2,953,500 |
Detroit Jazz Festival Foundation Harper Woods, MI | $1,089,629 | $3,431,745 |
Play On Philly Philadelphia, PA | $3,128,034 | $1,933,765 |
Liveconnections Org Philadelphia, PA | $1,829,032 | $2,774,957 |
Irving S Gilmore International Keyboard Festival Kalamazoo, MI | $14,163,453 | $2,605,010 |
Percussive Arts Society Inc Indianapolis, IN | $5,047,679 | $2,367,696 |
Rainey Institute Cleveland, OH | $11,251,048 | $1,722,143 |
Musical Arts Assn Orch End Fd Brooklyn, OH | $16,962,824 | $1,881,945 |
Musicopia Inc Philadelphia, PA | $886,541 | $1,214,458 |