Ohio Statewide Development Corporation
- Assets
- $2.3m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 9
- Location
- Columbus, OH
- Founding
- 08/1984
- Data as of
- 09/2023
- EIN
- 31-1088697
Organization Overview
Ohio Statewide Development Corporation is located in Columbus, OH. The organization was established in 1984. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Ohio Statewide Development Corporation employed 9 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Statewide Development Corporation is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 09/2023, Ohio Statewide Development Corporation generated $1.1m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $1.1m during the year ending 09/2023. While expenses have increased by 6.1% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
FIXED ASSET FINANCING TO SMALL BUSINESSES
Describe the Organization's Program Activity:
Part 3 - Line 4a
FIXED ASSET FINANCING TO SMALL BUSINESSES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Kinninger Exec Dir -12/22 | Officer | 40 | $180,436 |
Kevin Goehring Asst Sec -2/24 | Officer | 40 | $124,409 |
Katherine Kramer Exec Dir 5/23 | Officer | 40 | $0 |
Lisa Delp Secretary | OfficerTrustee | 1.5 | $0 |
Katherine Kramer Pres -4/23 | OfficerTrustee | 1.5 | $0 |
Blake Compton VP 12/22 | OfficerTrustee | 1.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $1,092,462 |
| Investment income | $43,383 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $172 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,136,017 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $13,775 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $280,576 |
| Compensation of current officers, directors, key employees. | $81,367 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $433,482 |
| Pension plan accruals and contributions | $12,539 |
| Other employee benefits | $0 |
| Payroll taxes | $52,712 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $59,685 |
| Advertising and promotion | $21,356 |
| Office expenses | $64,051 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $83,371 |
| Travel | $33,472 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $10,674 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $16,363 |
| Insurance | $42,305 |
| All other expenses | $0 |
| Total functional expenses | $1,124,361 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $87,213 |
| Savings and temporary cash investments | $652,321 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $79,188 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $43,872 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $27,272 |
| Investments—publicly traded securities | $998,688 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $409,017 |
| Total assets | $2,297,571 |
| Accounts payable and accrued expenses | $121,971 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $352,013 |
| Total liabilities | $473,984 |
| Net assets without donor restrictions | $1,823,587 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,297,571 |