Operations Technology Development Nfp
- Assets
- $19.1m
- Revenue
- $14.3m
- Investments
- $0.0
- Employees
- 0
- Location
- Des Plaines, IL
- Founding
- 12/2003
- Data as of
- 12/2021
- 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 12/2021, Operations Technology Development Nfp generated $14.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.2% each year. All expenses for the organization totaled $11.8m during the year ending 12/2021. While expenses have increased by 4.2% 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
OTD IDENTIFIES, SELECTS, FUNDS AND OVERSEES THE DEV., 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ronald N Snedic President | Officer | 2.9 | $0 |
Michael J Adamo VP Operations | Officer | 32.62 | $0 |
Jung S Lee Secretary | Officer | 1.63 | $0 |
Lisa Foster Treasurer | Officer | 1.81 | $0 |
Eric Kozak Director | Trustee | 0.1 | $0 |
Heather Rosentrater Director | Trustee | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Gas Technology Institute Cntrct Rsrch & Mgmt | 12/30/20 | $12,266,452 |
Locusview Solutions Inc Research & Develop | 12/30/20 | $166,192 |
Pipeline Research Council Intl Membership Subscript | 12/30/20 | $138,785 |
Quest Integrated Research & Develop | 12/30/20 | $109,000 |
North Carolina State University Research & Develop | 12/30/20 | $117,159 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $12,940,106 |
| 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 | $12,940,106 |
| Total Program Service Revenue | $1,148,687 |
| Investment income | $4,791 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $204,713 |
| 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 | $14,298,297 |
| 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 | $593,006 |
| Fees for services: Legal | $35,000 |
| Fees for services: Accounting | $30,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $11,125,546 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $7,664 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $22,208 |
| All other expenses | $0 |
| Total functional expenses | $11,817,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $249,238 |
| Savings and temporary cash investments | $17,494,338 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,350,318 |
| 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 | $0 |
| 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 | $19,093,894 |
| Accounts payable and accrued expenses | $3,259,288 |
| Grants payable | $0 |
| Deferred revenue | $6,957,888 |
| 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 | $10,217,176 |
| Net assets without donor restrictions | $8,876,718 |
| 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 | $19,093,894 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Operations Technology Development Nfp has recieved totaling $500,000.
| Awarding Organization | Amount |
|---|---|
Apga Research Foundation Washington, DC PURPOSE: TO ASSIST IN ALIGNMENT OF ENERGY EFFICIENCY IMPROVEMENTS, GREEN HOUSE GAS REDUCTIONS, AND CUSTOMER RETENTION FOR THE NATURAL GAS INDUSTRY. | $500,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Healthcare Information And Management Systems Society Chicago, IL | $52,722,997 | $65,054,367 |
Inter-Industry Conference On Auto Collision Repairs Hoffman Estates, IL | $98,841,828 | $60,778,547 |
Iowa Soybean Association Ankeny, IA | $41,040,308 | $49,594,198 |
Society Of Actuaries Professional Association Schaumburg, IL | $48,907,069 | $54,354,624 |
Association Of Equipment Manufacturers Milwaukee, WI | $65,690,987 | $35,929,615 |
Ipc International Inc Bannockburn, IL | $35,069,140 | $30,776,508 |
Apics Inc Chicago, IL | $42,029,595 | $30,789,675 |
International Sanitary Supply Association Rosemont, IL | $73,095,156 | $16,343,711 |
International Foundation Of Employee Benefit Plans Inc Brookfield, WI | $45,052,685 | $24,056,813 |
Aisc Holdings Inc Chicago, IL | $39,650,514 | $25,378,611 |
American College Of Surgeons Professional Association Chicago, IL | $12,847,056 | $21,670,888 |
American Association Of Orthopaedic Surgeons Of America Rosemont, IL | $21,165,468 | $24,653,127 |