Odva Inc
- Assets
- $9.3m
- Revenue
- $4.7m
- Investments
- $0.0
- Employees
- 14
- Location
- Ann Arbor, MI
- Founding
- 02/1996
- Data as of
- 12/2021
- EIN
- 65-0569228
Organization Overview
Odva Inc is located in Ann Arbor, MI. The organization was established in 1996. According to its NTEE Classification (A30) the organization is classified as: Media & Communications, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Odva Inc employed 14 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Odva Inc 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, Odva Inc generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $3.7m during the year ending 12/2021. While expenses have increased by 1.5% 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
TO ADVANCE OPEN, INTEROPERABLE INFORMATION AND COMMUNICATION TECHNOLOGIES IN INDUSTRIAL AUTOMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ITS APPROXIMATELY 367 MEMBERS, THE COMPANY HAS PROMOTED THE ADOPTION OF A VIABLE INDUSTRIAL AUTOMATION COMMUNICATIONS NETWORK STANDARD BASED ON THE CIP PROTOCOL, AND ITS DERIVATIVES "DEVICENET", "CONTROLNET", "COMPONET AND "ETHERNET/IP". THIS HAS ALLOWED DIFFERENT MANUFACTURERS TO USE STANDARD DEVICES WITHIN A SYSTEM THEREBY REDUCING COSTS AND IMPROVING PERFORMANCE. THIS HAS BEEN ACCOMPLISHED THROUGH THE ESTABLISHMENT OF A STANDARD FOR COMPATABILITY TESTING AND COMPLIANCE. THE COMPANY ALSO PUBLISHES A DIRECTORY OF MEMBER PRODUCTS ON ITS WEBSITE TO FACILITATE AND IDENTIFY MEMBERS THAT MANUFACTURE THE PRODUCTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Al Beydoun President | Officer | 40 | $348,074 |
Adrienne Meyer - Vice President Of Operations And Membersh | Officer | 40 | $206,188 |
Matthew Frazer Manager Of Vendor Adoption | 40 | $145,996 | |
Qi Zeng - Manager Of Conformance Engineering | 40 | $144,536 | |
Artem Bobritsky Senior Staff Engineer | 40 | $137,665 | |
Steve Fales Director Of Marketing | 40 | $125,766 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tuv Rheinland Japan Product Testing Services | 12/30/21 | $178,050 |
Tsp Service Company Falko Bendik Otto-v Product Testing Services | 12/30/21 | $199,100 |
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 | $4,660,955 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$5,173 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,655,782 |
| 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. | $712,199 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,212,745 |
| Pension plan accruals and contributions | $58,481 |
| Other employee benefits | $222,501 |
| Payroll taxes | $129,877 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $86,857 |
| Fees for services: Accounting | $16,609 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $35,144 |
| Advertising and promotion | $138,915 |
| Office expenses | $82,990 |
| Information technology | $43,377 |
| Royalties | $0 |
| Occupancy | $187,008 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $39,994 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $50,024 |
| Insurance | $10,629 |
| All other expenses | $0 |
| Total functional expenses | $3,739,402 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,487,178 |
| Savings and temporary cash investments | $4,457,872 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $275,111 |
| 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 | $83,811 |
| Net Land, buildings, and equipment | $23,409 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $9,332,381 |
| Accounts payable and accrued expenses | $510,242 |
| Grants payable | $0 |
| Deferred revenue | $811,418 |
| 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 | $1,321,660 |
| Net assets without donor restrictions | $8,010,721 |
| 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 | $9,332,381 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tri-County Communications Cooperative Inc Strum, WI | $52,913,250 | $19,988,134 |
Santa Fe Communications Inc Milwaukee, WI | $17,891,778 | $16,474,876 |
Public Broadcasting Foundation Of Northwest Ohio Toledo, OH | $15,996,802 | $5,353,676 |
Odva Inc Ann Arbor, MI | $9,332,381 | $4,655,782 |
Jack Van Impe Ministries Rochester Hills, MI | $11,882,515 | $4,233,402 |
Indiana Public Broadcasting Stations Inc Indianapolis, IN | $3,521,484 | $3,421,083 |
Michigan Association Of Broadcasters Lansing, MI | $4,071,084 | $1,659,520 |
Society Of Broadcast Engineers Indianapolis, IN | $1,729,949 | $1,301,351 |
Media Working Group Cincinnati, OH | $669,554 | $1,547,346 |
Otec Communication Company Ottoville, OH | $4,208,102 | $1,021,167 |
Indiana Broadcasters Association Inc Carmel, IN | $2,805,617 | $990,810 |
Mary Foundation Rocky River, OH | $284,909 | $870,431 |