The Ohio Machinery Education And Opportunity Foundation
- Assets
- $5.2m
- Revenue
- $253.8k
- Investments
- $5.2m
- Employees
- 0
- Location
- Broadview Heights, OH
- Founding
- Data as of
- 12/2023
- EIN
- 83-2754692
Organization Overview
The Ohio Machinery Education And Opportunity Foundation is located in Broadview Heights, OH. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ohio Machinery Education And Opportunity Foundation 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 12/2023, Ohio Machinery Education And Opportunity Foundation generated $253.8k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 10.8% each year . All expenses for the organization totaled $437.3k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kenneth E Taylor President/treasurer | 0.5 | $0 | |
Martha E M Taylor Secretary | 0.1 | $0 | |
Ian G Taylor Director | 0.1 | $0 | |
Gillian C Taylor Director | 0.1 | $0 | |
Gordon T Taylor Director | 0.1 | $0 | |
Stuart A Taylor Director | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $102 |
| Dividends & Interest | $151,927 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $101,801 |
| Capital Gain Net Income | $101,801 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $253,830 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,387 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $16,425 |
| Total operating and administrative expenses | $54,810 |
| Contributions, gifts, grants paid | $382,500 |
| Total expenses and disbursements | $437,310 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,360 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,224,340 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1,395 |
| Total liabilities | $1,395 |