Ohio Statewide Development Corporation
- Assets
- $1.9m
- Revenue
- $999.8k
- Investments
- $0.0
- Employees
- 8
- Location
- Columbus, OH
- Founding
- 08/1984
- Data as of
- 09/2022
- 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 09/2022, Ohio Statewide Development Corporation employed 8 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 09/2022, Ohio Statewide Development Corporation generated $999.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.4% each year. All expenses for the organization totaled $1.1m during the year ending 09/2022. While expenses have increased by 6.6% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael Kinninger Executive Dir. | Officer | 40 | $138,793 |
Kevin Goehring 2nd Asst Sec | Officer | 40 | $116,387 |
Lisa Delp Secretary | OfficerTrustee | 1.5 | $0 |
Robert Jablonski Vice President | OfficerTrustee | 1.5 | $0 |
Theodore Johnson Treasurer | OfficerTrustee | 1.5 | $0 |
Katherine Kramer President | 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 | $995,825 |
| Investment income | $2,985 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$35 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $999,786 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $315,830 |
| Compensation of current officers, directors, key employees. | $66,324 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $452,128 |
| Pension plan accruals and contributions | $11,615 |
| Other employee benefits | $0 |
| Payroll taxes | $57,489 |
| 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 | $52,454 |
| Advertising and promotion | $4,755 |
| Office expenses | $54,951 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $67,303 |
| Travel | $16,168 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,200 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $17,560 |
| Insurance | $38,383 |
| All other expenses | $0 |
| Total functional expenses | $1,092,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $144,646 |
| Savings and temporary cash investments | $151,152 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $48,877 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $49,937 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $42,291 |
| Investments—publicly traded securities | $1,487,413 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,311 |
| Total assets | $1,928,627 |
| Accounts payable and accrued expenses | $127,972 |
| 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 | $0 |
| Total liabilities | $127,972 |
| Net assets without donor restrictions | $1,800,655 |
| 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 | $1,928,627 |
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