Southern Ohio Diversification Initiative
- Assets
- $2.1m
- Revenue
- $1.1m
- Investments
- $0.0
- Employees
- 4
- Location
- Piketon, OH
- Founding
- 03/2000
- Data as of
- 09/2022
- EIN
- 31-1566951
Organization Overview
Southern Ohio Diversification Initiative is located in Piketon, OH. The organization was established in 2000. According to its NTEE Classification (C27) the organization is classified as: Recycling, under the broad grouping of Environment and related organizations. As of 09/2022, Southern Ohio Diversification Initiative employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southern Ohio Diversification Initiative 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 09/2022, Southern Ohio Diversification Initiative generated $1.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 25.8% each year . All expenses for the organization totaled $3.5m during the year ending 09/2022. While expenses have increased by 25.6% 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
THE MISSION OF THE SODI COMMUNITY REUSE ORGANIZATION IS TO IMPROVE THE QUALITY OF LIFE IN PIKE, SCIOTO, ROSS, AND JACKSON COUNTIES THROUGH ECONOMIC DIVERSIFICATION, DEVELOPMENT OF UNDERUTILIZED LAND AND FACILITIES ON THE PORTSMOUTH DEPT OF ENERGY RESERVATION, AND CONTINUED SUPPORT OF THE LOCAL INDUSTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMMUNITY REUSE ORGANIZATION TO DEAL WITH THE IMPACT OF THE CLOSING OF THE PORTSMOUTH GASEOUS DIFFUSION PLANT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kevin Shoemaker Attorney | 40 | $203,400 | |
Steve Shepherd Executive Di | Trustee | 40 | $72,842 |
Dan Minter Vice Preside | OfficerTrustee | $0 | |
Ray Roberts President | OfficerTrustee | $0 | |
Larry Scaggs Treasurer/se | OfficerTrustee | $0 | |
Ryan Clemmons Board Member | Trustee | $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 | $1,112,495 |
| Investment income | $4,466 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,121,212 |
| 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. | $72,842 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $245,125 |
| Pension plan accruals and contributions | $1,473 |
| Other employee benefits | $103,270 |
| Payroll taxes | $24,117 |
| Fees for services: Management | $23,291 |
| 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 | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,169 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $3,374 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,804 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,497,016 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,026,441 |
| Savings and temporary cash investments | $300,000 |
| Pledges and grants receivable | $224,896 |
| Accounts receivable, net | $10,452 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $18,688 |
| Net Land, buildings, and equipment | $358,947 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $143,113 |
| Total assets | $2,082,537 |
| Accounts payable and accrued expenses | $462,959 |
| Grants payable | $411,855 |
| 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 | $144,512 |
| Other liabilities | $30,916 |
| Total liabilities | $1,050,242 |
| Net assets without donor restrictions | $1,032,295 |
| 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 | $2,082,537 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Southern Ohio Diversification Initiative has recieved totaling $52,154.
| Awarding Organization | Amount |
|---|---|
Joint Economic Development Initiative Of Southern Ohio Jackson, OH PURPOSE: SITE DEVELOPMENT | $52,154 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Recycle Ann Arbor Dexter, MI | $11,542,898 | $7,857,536 |
Athens-Hocking County Recycling Centers Inc Athens, OH | $6,739,036 | $4,851,164 |
Southern Ohio Diversification Initiative Piketon, OH | $2,082,537 | $1,121,212 |
Construction Junction Inc Pittsburgh, PA | $1,719,199 | $2,305,790 |
Bay Area Recycling For Charities Traverse City, MI | $1,268,264 | $1,346,592 |
Sustainable Electronics Recycling International Elizabethtown, PA | $4,103,614 | $2,041,594 |
Shirley Heinze Land Tr Inc Valparaiso, IN | $18,008,836 | $2,760,866 |
Ret 3 Job Corp Inc Cleveland, OH | $342,285 | $681,437 |
Pocono Northeast Resource Conservation & Development Council Dalton, PA | $106,554 | $658,173 |
End Of Life Vehicle Solutions Corporation Farmington Hills, MI | $3,684,682 | $590,125 |
The Experimental Farm Network Cooperative Philadelphia, PA | $245,870 | $352,586 |
Midland Volunteers For Recycling Inc Midland, MI | $75,551 | $276,025 |