Odva Inc
- Assets
- $9.2m
- Revenue
- $5.2m
- Investments
- $0.0
- Employees
- 15
- Location
- Ann Arbor, MI
- Founding
- 02/1996
- Data as of
- 12/2022
- 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 12/2022, Odva Inc employed 15 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 12/2022, Odva Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $4.7m during the year ending 12/2022. While expenses have increased by 6.6% 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
TO ADVANCE OPEN, INTEROPERABLE INFORMATION AND COMMUNICATION TECHNOLOGIES IN INDUSTRIAL AUTOMATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ITS APPROXIMATELY 390 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 | $369,878 |
Adrienne Meyer - Vice President Of Ops & Membership | Officer | 40 | $216,807 |
Matthew Frazer Manager Of Vendor Adoption | 40 | $154,025 | |
Qi Zeng - Manager Of Conformance Engineering | 40 | $154,025 | |
Artem Bobritsky Senior Staff Engineer | 40 | $142,600 | |
Steve Fales Director Of Marketing | 40 | $132,638 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Tsp Service Company Falko Bendik Otto-v Product Testing Services | 12/30/22 | $185,468 |
Hoynck Bv Trade Show Project Management | 12/30/22 | $244,056 |
Tuv Rheinland Japan Ltd Product Testing Services | 12/30/22 | $135,590 |
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 | $5,224,652 |
| 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 | $5,224,652 |
| 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. | $751,115 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,362,109 |
| Pension plan accruals and contributions | $66,645 |
| Other employee benefits | $200,839 |
| Payroll taxes | $142,154 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $76,028 |
| Fees for services: Accounting | $32,486 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,691 |
| Advertising and promotion | $203,144 |
| Office expenses | $63,533 |
| Information technology | $80,758 |
| Royalties | $0 |
| Occupancy | $228,514 |
| Travel | $97,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $678,720 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $32,414 |
| Insurance | $11,776 |
| All other expenses | $1,287 |
| Total functional expenses | $4,684,472 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,707,353 |
| Savings and temporary cash investments | $5,141,509 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $324,678 |
| 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 | $9,758 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $5,000 |
| Total assets | $9,188,298 |
| Accounts payable and accrued expenses | $557,175 |
| Grants payable | $0 |
| Deferred revenue | $557,095 |
| 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 | $1,114,270 |
| Net assets without donor restrictions | $8,074,028 |
| 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 | $9,188,298 |