Ohio Network For Innovation
- Assets
- $2.1m
- Revenue
- $298.6k
- Investments
- $0.0
- Employees
- 21
- Location
- Mount Vernon, OH
- Founding
- 05/2019
- Data as of
- 12/2021
- EIN
- 83-0704194
Organization Overview
Ohio Network For Innovation is located in Mount Vernon, OH. The organization was established in 2019. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Ohio Network For Innovation employed 21 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Network For Innovation 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 12/2021, Ohio Network For Innovation generated $298.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.6%) each year. All expenses for the organization totaled $277.7k during the year ending 12/2021. 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 DEVELOP AND OPERATE A SHARING CENTER NETWORK TO SUPPORT INNOVATION AND FUNDING OPTIONS THAT ENHANCES THE INTERCONNECTIVITY OF COMMUNITIES INCLUDING PERSONS WITH DISABILITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DEVELOP AND OPERATE A SHARING CENTER NETWORK TO SUPPORT INNOVATION AND FUNDING OPTIONS THAT ENHANCES THE INTERCONNECTIVITY OF COMMUNITIES INCLUDING PERSONS WITH DISABILITIES.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Roger Stivison Treasurer/ce | Officer | 0.25 | $0 |
Gary Goosman Vice Preside | Officer | 0.25 | $0 |
Carrie Cook-Porter Secretary | Officer | 0.25 | $0 |
Noah Trembly President/ce | Officer | 0.25 | $0 |
Dianna Fairclough Trustee | 0.25 | $0 | |
Angela Muston Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $92,293 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,283 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $100,576 |
| Total Program Service Revenue | $149,467 |
| 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 | $298,579 |
| 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 | $107,987 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $6,946 |
| Payroll taxes | $13,096 |
| Fees for services: Management | $35,000 |
| Fees for services: Legal | $2,300 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $22,143 |
| Advertising and promotion | $0 |
| Office expenses | $2,759 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $7,767 |
| Travel | $3,927 |
| 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 | $49,024 |
| Insurance | $24,569 |
| All other expenses | $0 |
| Total functional expenses | $277,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $380,249 |
| 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 |
| Net Land, buildings, and equipment | $1,691,741 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,071,990 |
| 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 | $2,071,990 |
| 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 | $2,071,990 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Chn Housing Partners Cleveland, OH | $74,492,798 | $91,427,214 |
Allegheny Council To Improve Our Neighborhoods-Housing Incorporated Pittsburgh, PA | $58,739,057 | $67,049,805 |
Commission On Economic Opportunity Of Luzerne County Wilkesbarre, PA | $24,684,280 | $41,061,242 |
Emerald Development And Economic Cleveland, OH | $37,695,936 | $37,548,229 |
Community First Fund Lancaster, PA | $129,035,730 | $44,963,943 |
Housing Services Mid Michigan Charlotte, MI | $2,013,469 | $14,437,193 |
Beyond Owners Group Inc Willow Street, PA | $131,731,512 | $8,827,345 |
Community Rebuilders Grand Rapids, MI | $5,851,617 | $11,572,784 |
New Directions Housing Corporation Louisville, KY | $27,737,851 | $9,868,214 |
Cinnaire Lending Corporation Lansing, MI | $75,621,059 | $9,899,346 |
University Properties Inc East Stroudsburg, PA | $58,514,914 | $5,926,957 |
Cedar Lake Residences Inc Louisville, KY | $2,301,086 | $7,918,008 |