Sustainable Opportunity Development Center Inc
- Assets
- $193.2k
- Revenue
- $265.6k
- Investments
- $0.0
- Employees
- 4
- Location
- Salem, OH
- Founding
- 12/2010
- Data as of
- 12/2023
- 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 12/2023, Sustainable Opportunity Development Center Inc employed 4 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 12/2023, Sustainable Opportunity Development Center Inc generated $265.6k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 11.1% each year . All expenses for the organization totaled $279.6k during the year ending 12/2023. While expenses have increased by 12.8% per year over the past 9 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
2023
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
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Needs Executive Di | Trustee | 40 | $95,577 |
Matthew Butts Board Member | Trustee | 0.25 | $0 |
William Dawes Board Member | Trustee | 0.25 | $0 |
David Gano Board Member | Trustee | 0.25 | $0 |
Joe Hovorka Vice Preside | Trustee | 0.25 | $0 |
David Johnson 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 | $116,130 |
| All other contributions, gifts, grants, and similar amounts not included above | $103,351 |
| Noncash contributions included in lines 1a–1f | $47,500 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $219,481 |
| Total Program Service Revenue | $44,584 |
| Investment income | $1,571 |
| 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 | $265,636 |
| 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 | $132,622 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $9,436 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,770 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,978 |
| Advertising and promotion | $4,802 |
| Office expenses | $3,612 |
| Information technology | $388 |
| Royalties | $0 |
| Occupancy | $48,772 |
| Travel | $2,006 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $125 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $8,109 |
| Insurance | $5,751 |
| All other expenses | $4,085 |
| Total functional expenses | $279,560 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $15,313 |
| Savings and temporary cash investments | $140,472 |
| 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 | -$1,566 |
| Net Land, buildings, and equipment | $13,963 |
| Investments—publicly traded securities | $25,000 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $193,182 |
| 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 | $4,974 |
| Total liabilities | $4,974 |
| Net assets without donor restrictions | $188,208 |
| 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 | $193,182 |