Energy Industries Of Ohio
- Assets
- $770.5k
- Revenue
- $4.3m
- Investments
- $0.0
- Employees
- 10
- Location
- Independence, OH
- Founding
- 02/2001
- Data as of
- 12/2021
- EIN
- 34-1928623
Organization Overview
Energy Industries Of Ohio is located in Independence, OH. The organization was established in 2001. According to its NTEE Classification (U05) the organization is classified as: Research Institutes & Public Policy Analysis, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Energy Industries Of Ohio employed 10 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Energy Industries Of Ohio 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, Energy Industries Of Ohio generated $4.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $4.1m during the year ending 12/2021. While expenses have increased by 3.9% 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 DEVELOP, DEMONSTRATE, AND INCUBATE TECHNOLOGIES THAT WILL IMPROVE THE COMPETITIVENESS OF OHIO INDUSTRIES THROUGH INCREASED ENERGY EFFICIENCY, REDUCE OPERATING COSTS AND IMPROVE ENVIROMENTAL PERFORMANCE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CARRYING OUT OUR MISSION THROUGH FACILITATING TEAM BUILDING AMONG EXISTING PUBLIC AND PRIVATE INSTITUTIONS AS WELL AS STATE AND FEDERAL ORGANIZATIONS; COLLECTIVELY SECURING FUNDS FOR DEVELOPMENT PROJECTS; DEVELOPING NEW TECHNOLOGIES IN COOPERATION WITH COLLEGES, UNIVERSITIES, OHIOS EDISON PROGRAMS AND NATIONAL LABORATORIES; DEMONSTRATING AND INCUBATING NEW TECHNOLOGIES FOR COMMERCIALIZATION; AND OFFERING TRAINING AND EDUCATION BOTH DIRECTLY AND THROUGH OUR UNIVERSITY AND COLLEGE PARTNERSHIPS FOR NEW AND EXISTING TECHNOLOGIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert M Purgert President | OfficerTrustee | 50 | $191,725 |
Edward J Galaska Secretary Treasurer | Officer | 50 | $157,250 |
Ram Narula Trustee | Trustee | 1 | $26,280 |
Robert Dzugan Trustee | Trustee | 1 | $0 |
Charles Hesse Trustee | Trustee | 1 | $0 |
Nick Gattozzi Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ge-alstom Power Inc Contract Research | 12/30/21 | $1,579,942 |
Huntington Alloys Corp Contract Research | 12/30/21 | $423,657 |
Mcconway Torley Llc Contract Research | 12/30/21 | $1,062,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $185,636 |
| 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 | $185,636 |
| Total Program Service Revenue | $4,143,088 |
| 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 | $4,328,724 |
| 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. | $375,255 |
| Compensation of current officers, directors, key employees. | $46,208 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $196,893 |
| Pension plan accruals and contributions | $114,040 |
| Other employee benefits | $91,166 |
| Payroll taxes | $41,277 |
| Fees for services: Management | $27,500 |
| Fees for services: Legal | $5,500 |
| Fees for services: Accounting | $22,751 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $7,742 |
| Information technology | $7,787 |
| Royalties | $0 |
| Occupancy | $44,658 |
| Travel | $38,323 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,200 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,490 |
| Insurance | $2,734 |
| All other expenses | $0 |
| Total functional expenses | $4,136,715 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $766,598 |
| 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 | $1,489 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,390 |
| Total assets | $770,477 |
| 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 | $770,477 |
| 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 | $770,477 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Mid Atlantic Technology Research And Innovation Center Inc South Charleston, WV | $6,385,617 | $13,785,560 |
Indiana Biosciences Research Institute Inc Indianapolis, IN | $179,409,136 | $10,008,922 |
Iup Research Institute Indiana, PA | $2,848,522 | $4,793,628 |
Energy Industries Of Ohio Independence, OH | $770,477 | $4,328,724 |
Center For Automotive Research Ann Arbor, MI | $911,154 | $2,931,484 |
North American Council For Freight Efficiency Fort Wayne, IN | $945,729 | $1,448,155 |
Ethos Inc Elkhart, IN | $7,597,037 | $1,049,008 |
Solution Mining Research Institute Inc Clarks Summit, PA | $954,697 | $900,501 |
Academic Advisory Council For Signage Research And Education Inc Cincinnati, OH | $2,495,184 | $200,340 |
Institute For Innovation Inc South Bend, IN | $300,459 | $137 |
Indepthlearning Milan, MI | $10,830 | $99,168 |
American Competitiveness Institute Philadelphia, PA | $891,007 | $22,328 |