Jobsohio Beverage System
- Assets
- $1.3b
- Revenue
- $699.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 09/2006
- Data as of
- 06/2021
- EIN
- 20-1255734
Organization Overview
Jobsohio Beverage System is located in Columbus, OH. The organization was established in 2006. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Jobsohio Beverage System 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 06/2021, Jobsohio Beverage System generated $699.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $696.5m during the year ending 06/2021. While expenses have increased by 11.3% per year over the past 6 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 LESSEN THE BURDENS OF GOVERNMENT OF THE STATE OF OHIO BY PROVIDING GRANTS TO JOBSOHIO TO CARRY OUT ITS JOB CREATION AND OTHER ECONOMIC DEVELOPMENT TAX-EXEMPT ACTIVITIES AND CARRY OUT THE FUNCTIONS OF CHAPTER 4313, OHIO REVISED CODE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF SPIRITUOUS LIQUOR FRANCHISE TO LESSEN THE BURDENS OF GOVERNMENT.
RESTRICTIVE GRANTS TO JOBSOHIO TO SUPPORT JOBSOHIO'S ECONOMIC DEVELOPMENT ACTIVITIES.
OTHER PROGRAM EXPENSES INCLUDES MINIMAL MISCELLANEOUS EXPENSES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jp Nauseef President | OfficerTrustee | 1 | $0 |
Brian Faust Chief Financial Officer | Officer | 1 | $0 |
Donell Grubbs Secretary | Officer | 1 | $0 |
Betty Montgomery Board Member | Trustee | 1 | $0 |
Theodore L Adams Board Member | Trustee | 1 | $0 |
Kevin A Giangola Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ohio Dept Of Commerce Div Of Liquor C Operational | 6/29/21 | $16,193,399 |
Riser Foods Company Sales | 6/29/21 | $7,016,740 |
Dhl Supply Chain Operational | 6/29/21 | $18,855,366 |
Tamarkin Company Inc Sales | 6/29/21 | $10,045,390 |
Kroger Co Sales | 6/29/21 | $14,948,916 |
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 | $0 |
| Investment income | $48,896 |
| 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 | $690,476,299 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $699,535,953 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $265,000,000 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $9,354,123 |
| Fees for services: Legal | $30,522 |
| Fees for services: Accounting | $218,381 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,993,731 |
| Advertising and promotion | $2,221,641 |
| Office expenses | $83,163 |
| Information technology | $290,371 |
| Royalties | $0 |
| Occupancy | $3,788,999 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $44,925,525 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $55,706,044 |
| Insurance | $435,977 |
| All other expenses | $1,500 |
| Total functional expenses | $696,508,559 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,204,884 |
| Savings and temporary cash investments | $215,239,496 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $60,592,458 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $94,011,015 |
| Prepaid expenses and deferred charges | $11,806,451 |
| Net Land, buildings, and equipment | $6,728,580 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $915,355,989 |
| Other assets | $0 |
| Total assets | $1,317,938,873 |
| Accounts payable and accrued expenses | $191,690,660 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $12,934,572 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,216,010,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,680,368 |
| Total liabilities | $1,444,315,600 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | -$126,376,727 |
| Total liabilities and net assets/fund balances | $1,317,938,873 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jobsohio Beverage System Columbus, OH | $1,317,938,873 | $699,535,953 |
Northern Kentucky Area Developement District Florence, KY | $12,601,851 | $23,919,138 |
Hoosier Uplands Economic Development Corporation Mitchell, IN | $50,608,889 | $20,253,454 |
Adams And Brown Counties Economic Opportunities Inc Georgetown, OH | $10,344,175 | $16,374,406 |
Pride Community Services Inc Logan, WV | $3,436,459 | $7,199,401 |
Psats Enola, PA | $11,834,261 | $6,502,359 |
Kentucky River Area Development District Inc Hazard, KY | $5,857,667 | $4,838,342 |
Rural Action Inc The Plains, OH | $1,800,530 | $4,307,921 |
Mountain Association For Community Economic Development Inc Berea, KY | $33,227,736 | $8,576,709 |
West Virginia Community Action Partnerships Inc Charleston, WV | $514,969 | $3,682,058 |
Greater Easton Development Partnership Easton, PA | $6,246,333 | $3,172,729 |
Southeast Kentucky Economic Development Corporation Inc Somerset, KY | $28,123,081 | $3,726,346 |