Polymerohio Inc
- Assets
- $21.8k
- Revenue
- $427.9k
- Investments
- $0.0
- Employees
- 6
- Location
- Westerville, OH
- Founding
- 12/2008
- Data as of
- 06/2020
- EIN
- 41-2127452
Organization Overview
Polymerohio Inc is located in Westerville, OH. The organization was established in 2008. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 06/2020, Polymerohio Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Polymerohio Inc 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 06/2020, Polymerohio Inc generated $427.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (32.0%) each year. All expenses for the organization totaled $458.6k during the year ending 06/2020. As we would expect to see with falling revenues, expenses have declined by (28.5%) per year over the past 3 years. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
POLYMEROHIO IS A NETWORKING AND CONNECTING ORGANIZATION PROVIDING BUSINESS SERVICES TO THE POLYMER INDUSTRY AND OTHER REGIONAL MANUFACTURING COMPANIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSISTING IN GROWTH OF COMPANIES AND REGIONAL INVESTMENTS BY NETWORKING AND CONNECTING RELEVANT PRIVATE AND PUBLIC RESOURCES. PROVIDE BUSINESS SERVICES TO ASSIST WITH GROWTH THROUGH A NETWORK OF PROFESSIONAL RESOURCES AND POLYMEROHIO STAFF.
QUALITY IMPROVIMENTS AND OPERATIONAL EXCELLENCE THROUGH LEAN SIX SIGMA, QUALITY MANAGEMENT SYSTEMS AND SUPPLY CHAIN MANAGEMENT.
WORKFORCE STRATEGY TO FACILITATE "RESTORED CITZENS" SECURING POSITIONS IN MANUFACTURING AND PROVIDING TRANSITION SUPPORT TO THE INDIVIDUALS WHILE ASSISTING COMPANIES WITH ASSIMULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Bruce Fawcett Executive Director | 40 | $180,812 | |
Thomas Brady Board Member | Trustee | 1 | $0 |
Greg Constantino Board Member | Trustee | 1 | $0 |
Lance Criscuolo Board Member | Trustee | 1 | $0 |
Cathleen Hare Board Member | Trustee | 1 | $0 |
Eric Hausserman Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Bill Soller Opex Consultant | 6/29/19 | $105,120 |
Vickie A Miller Workforce Consultant | 6/29/19 | $103,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $252,186 |
| Investment income | $0 |
| 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 | $427,932 |
| Statement of Expenses | |
|---|---|
| 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 to disqualified persons | $0 |
| Other salaries and wages | $227,485 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $14,085 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $160,217 |
| Advertising and promotion | $26,166 |
| Office expenses | $1,535 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,759 |
| Travel | $6,419 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $727 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,703 |
| All other expenses | $0 |
| Total functional expenses | $458,648 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,827 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $21,827 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $21,827 |