Operations Technology Development Nfp
- Assets
- $21.2m
- Revenue
- $13.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Des Plaines, IL
- Founding
- 12/2003
- Data as of
- 12/2023
- EIN
- 33-1061445
Organization Overview
Operations Technology Development Nfp is located in Des Plaines, IL. The organization was established in 2003. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Operations Technology Development Nfp is a 501(c)(6) and as such, is described as a "Business League, Chambers of Commerce, or Real Estate Board" by the IRS.
For the year ending 12/2023, Operations Technology Development Nfp generated $13.5m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 6.4% each year. All expenses for the organization totaled $12.4m during the year ending 12/2023. While expenses have increased by 3.7% per year over the past 9 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
OTD IDENTIFIES, SELECTS, FUNDS AND OVERSEES THE DEVELOPMENT, TESTING, AND IMPLEMENTATION OF NEW TECH., PROVIDING SOLUTIONS TO A RANGE OF ISSUES RELATING TO GAS OPS INFRASTRUCTURE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OTD IDENTIFIED, SELECTED, FUNDED, AND OVERSAW THE DEVELOPMENT, TESTING, AND IMPLEMENTATION OF NEW TECHNOLOGY, PROVIDING SOLUTIONS TO A WIDE RANGE OF ISSUES RELATING TO GAS OPERATIONS AND INFRASTRUCTURE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Kozak Director | Trustee | 0.1 | $0 |
Gordon King Director | Trustee | 0.1 | $0 |
John Mcdill Director | Trustee | 0.1 | $0 |
Heather Rosentrater Director | Trustee | 0.1 | $0 |
John Hill Director | Trustee | 0.1 | $0 |
Amr Hassan Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gti Energy Contract Rsch Mgmt | 12/30/23 | $12,443,857 |
Tracto Technik Research Development | 12/30/23 | $272,521 |
Pipeline Research Council International Membership Subscription | 12/30/23 | $198,785 |
Energy Experts International Research Development | 12/30/23 | $108,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,143,813 |
| 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 | $12,143,813 |
| Total Program Service Revenue | $207,328 |
| Investment income | $1,003,613 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $127,032 |
| 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 | $13,481,786 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $836,531 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $18,314 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,445,039 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $3,360 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $61,317 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $5,692 |
| All other expenses | $0 |
| Total functional expenses | $12,371,431 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $337,222 |
| Savings and temporary cash investments | $20,307,338 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $556,724 |
| 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 | $5,400 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,206,684 |
| Accounts payable and accrued expenses | $4,152,428 |
| Grants payable | $0 |
| Deferred revenue | $4,728,370 |
| 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 | $8,880,798 |
| Net assets without donor restrictions | $12,325,886 |
| 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 | $21,206,684 |