Sustainable Opportunity Development Center Inc
- Assets
- $190.0k
- Revenue
- $242.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Salem, OH
- Founding
- 12/2010
- Data as of
- 12/2021
- EIN
- 90-0630610
Organization Overview
Sustainable Opportunity Development Center Inc is located in Salem, OH. The organization was established in 2010. According to its NTEE Classification (S99) the organization is classified as: Community Improvement & Capacity Building N.E.C., under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2021, Sustainable Opportunity Development Center Inc employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Sustainable Opportunity Development Center 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 12/2021, Sustainable Opportunity Development Center Inc generated $242.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.9% each year . All expenses for the organization totaled $190.1k during the year ending 12/2021. While expenses have increased by 10.5% 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
THE MISSION OF THE CENTER FOR SUSTAINABLE OPPORTUNITY DEVELOPMENT IS TO:CREATE AN ENTREPRENEURIAL ENVIRONMENT IN SALEM AND THE SURROUNDING AREA RICH WITH OPPORTUNITY FOR INDIVIDUALS AND INDUSTRY;CONNECT THE COMMUNITY TO REGIONAL ECONOMIC AND ENTERPRISE DEVELOPMENT RESOURCES THAT CAN BENEFIT LOCAL INDUSTRY AND ENTREPRENEURS, AND;COMPETE ON A STATE-WIDE AND NATIONAL LEVEL WITH AN ECONOMIC AND ENTREPRENEURIAL ENVIRONMENT RECOGNIZED FOR DRAMATICALLY ENHANCING LOCAL WEALTH CREATION, EMPLOYMENT AND QUALITY OF LIFE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORT SERVICES FOR BUSINESS EXPANSION AND RETENTION EFFORTS FOR SALEM OHIO AND SURROUNDING COMMUNITY
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Needs Executive Di | Trustee | 40 | $74,768 |
George W Morris III President | Officer | 0.25 | $0 |
Jock Buta Past Preside | Officer | 0.25 | $0 |
Shawna L'italien Secretary/tr | Officer | 0.25 | $0 |
Ryan Crowell Board Member | Trustee | 0.25 | $0 |
William Dawes Board Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $131,906 |
| All other contributions, gifts, grants, and similar amounts not included above | $63,035 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $194,941 |
| Total Program Service Revenue | $47,066 |
| Investment income | $36 |
| 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 | $242,043 |
| 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 | $108,420 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $5,808 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,812 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $40,713 |
| Advertising and promotion | $13,780 |
| Office expenses | $360 |
| Information technology | $376 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $601 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $192 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $5,701 |
| Insurance | $720 |
| All other expenses | $4,973 |
| Total functional expenses | $190,052 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,157 |
| Savings and temporary cash investments | $162,720 |
| 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 | $24,120 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $189,997 |
| 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 | $2,846 |
| Total liabilities | $2,846 |
| Net assets without donor restrictions | $187,151 |
| 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 | $189,997 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Sustainable Opportunity Development Center Inc has recieved totaling $20,015.
| Awarding Organization | Amount |
|---|---|
Foundation For Appalachian Ohio Nelsonville, OH PURPOSE: GENERAL SUPPORT | $20,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
569 Directions Credit Union Inc Toledo, OH | $1,165,662,447 | $46,146,625 |
Food Gatherers Ann Arbor, MI | $16,131,759 | $18,319,883 |
Detroit Community Health Connection Inc Detroit, MI | $12,946,276 | $14,713,586 |
Community Ventures Corporation Inc Lexington, KY | $84,057,573 | $14,249,179 |
Detroit Belle Isle Grand Prix Inc Bloomfield Hills, MI | $745,267 | $11,943,538 |
Berks Community Action Program Inc Reading, PA | $2,377,966 | $7,401,234 |
Juvenile Justice Center Of Phila Philadelphia, PA | $3,150,884 | $6,364,511 |
Community Programs And Services Garden City, MI | $725,653 | $3,890,771 |
Sid Public Services Association Columbus, OH | $3,043,026 | $3,862,882 |
Horizon House Inc Indianapolis, IN | $11,235,353 | $7,114,001 |
Delaware Advancement Corporation Muncie, IN | $19,134,942 | $3,911,691 |
Ohio Bankers League Columbus, OH | $3,226,462 | $2,753,967 |