2025-11-12T11:40:29-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 1785 INDIAN WOOD CIRCLE MAUMEE OH 43537 990 2024-01-01 932160617 NORTHWEST OHIO INNOVATION CONSORTIUM INC NORT 4194509436 PO BOX 346 PERRYSBURG OH 43552 ROGER SMITH RIO & PRESIDENT 4194509436 2025-11-11 1 1 HEIDI FERGUSON P00410007 4197942000 2025-11-10 2024 2025-03-06 01:10:19Z X X ROGER SMITH PO BOX 346 PERRYSBURG OH 43552 10151834 0 X WWW.NWOINNOVATION.ORG X 2023 OH TO COLLABORATE WITH AREA PARTNERS TO DRIVE INNOVATION WITH A FOCUS ON ENVIRONMENTAL, SOCIAL, AND ECONOMIC FACTORS IN THE GLASS AND SOLAR SECTORS. 17 16 0 40 0 0 10151696 0 138 0 10151834 0 0 106780 0 0 50966 157746 9994088 10769340 775252 9994088 NOIC IS A PLATFORM FOR COLLABORATION BETWEEN LOCAL INDUSTRIES, EDUCATION PARTNERS AND WORKFORCE DEVELOPMENT SERVING TO CATALYZE TECHNOLOGY COMMERCIALIZATION, TALENT DEVELOPMENT PIPELINES AND SUSTAINABLE MANUFACTURING FOR ALL REGIONAL STAKEHOLDERS. 0 0 11547 0 0 DURING 2024 THE ORGANIZATION'S EFFORTS WERE FOCUSED ON COMPLETION, ACCEPTANCE, AND RECEIPT OF A GRANT FROM THE STATE OF OHIO DEPARTMENT OF DEVELOPMENT TO BUILD AN INNOVATION HUB WITHIN NORTHWEST OHIO. ONCE THE GRANT WAS APPROVED AND MONIES DISBURSED, THE ORGANIZATION REFOCUSED TO ESTABLISH INFRASTRUCTURE NEEDED TO SUPPORT THE PROGRAMS OF THE INNOVATION HUB. 11547 0 1 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 1 2 0 1 0 0 0 0 0 0 0 0 0 X 17 16 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X TOM WALSH 4194509436 300 MADISON AVE TOLEDO OH 43604 ROGER SMITH PRESIDENT 20.00 X X 96000 0 0 LUDOVIC VALETTE CHAIRMAN 1.00 X X 0 0 0 JIM HOFFMAN CO-VICE CHAIRMAN 1.00 X X 0 0 0 SHARON SPEYER CO-VICE CHAIRMAN 1.00 X X 0 0 0 LOU TRIPPEL SECRETARY 1.00 X X 0 0 0 MATTHEW KIRIAN ASSISTANT SECRETARY 1.00 X X 0 0 0 JIM BURMEISTER TREASURER 1.00 X X 0 0 0 DEAN MONSKE BOARD MEMBER 1.00 X 0 0 0 PAUL TOTH BOARD MEMBER 1.00 X 0 0 0 WENDY GRAMZA BOARD MEMBER 1.00 X 0 0 0 KYLE SWORD BOARD MEMBER 1.00 X 0 0 0 KEVIN SMITH BOARD MEMBER 1.00 X 0 0 0 DENISE SMITH BOARD MEMBER 1.00 X 0 0 0 NICHOLE FIFER BOARD MEMBER 1.00 X 0 0 0 FRANK CALZONETTI BOARD MEMBER 1.00 X 0 0 0 LAURA REGASSA BOARD MEMBER 1.00 X 0 0 0 KERRY WARD BOARD MEMBER 1.00 X 0 0 0 96000 0 0 0 0 0 0 0 118310 10033386 10151696 138 138 10151834 0 0 138 X 96000 96000 10780 10780 10833 10833 550 550 1500 1500 31550 11547 20003 3469 3469 918 918 1500 1500 DUES & SUBSCRIPTIONS 487 487 MEALS & ENTERTAINMENT 159 159 157746 11547 146199 0 91379 200138 9933386 4696 50616 0 0 50616 0 489125 0 10769340 113058 173069 0 489125 0 775252 X 410702 9583386 0 9994088 0 10769340 9994088 0 X X 0 1 X 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 50616 50616 50616 OPERATING LEASE LIABILITIES 489125 489125 X 10151834 0 10151834 0 10151834 157746 0 157746 0 157746 PART X, LINE 2: IN 2025, NOIC APPLIED FOR INDEPENDENT QUALIFICATION AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(6) OF THE INTERNAL REVENUE CODE. THEREFORE, NO EXPENSE HAS BEEN RECOGNIZED FOR INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. NOIC FOLLOWS THE INCOME TAX STANDARD FOR UNCERTAIN TAX POSITIONS. NOIC EVALUATED ITS TAX POSITIONS AND DETERMINED IT HAS NO UNCERTAIN TAX POSITIONS AS OF DECEMBER 31, 2024. AMANDA CASSITY FAMILY MEMBER OF BOARD PRESIDENT ROGER SMITH 10780 COMPENSATION FOR SERVICES PERFORMED AS PROJECT MANAGER 0 FORM 990, PART VI, SECTION A, LINE 1A THE BOARD OF DIRECTORS DELEGATES BROAD AUTHORITY TO AN EXECUTIVE COUNCIL, WHICH SERVES AS THE EXECUTIVE COMMITTEE FOR THE ORGANIZATION. THE EXECUTIVE COUNCIL IS COMPOSED OF THE REGIONAL INNOVATION OFFICER, CHAIRPERSON, SECRETARY, AND TREASURER, ALL OF WHOM ARE MEMBERS OF THE GOVERNING BODY. NO INDIVIDUALS OUTSIDE THE GOVERNING BODY SERVE ON THE EXECUTIVE COUNCIL. THE EXECUTIVE COUNCIL IS AUTHORIZED TO MANAGE DAY-TO-DAY OPERATIONS, APPOINT COMMITTEE CHAIRS, AND OVERSEE THE IMPLEMENTATION OF BOARD DECISIONS. MAJOR STRATEGIC, FINANCIAL, AND GOVERNANCE DECISIONS REMAIN UNDER THE AUTHORITY OF THE FULL BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION DELEGATES CONTROL OVER MANAGEMENT DUTIES CUSTOMARILY PERFORMED BY OFFICERS, DIRECTORS, OR KEY EMPLOYEES TO THE TOLEDO REGIONAL CHAMBER OF COMMERCE, WHICH PROVIDES ADMINISTRATIVE, FINANCIAL, AND OPERATIONAL SERVICES UNDER CONTRACT. THE CHAMBER IS RESPONSIBLE FOR FUNCTIONS SUCH AS FINANCIAL MANAGEMENT, ACCOUNTING, GRANT REPORTING, AUDIT SUPPORT, AND ACCOUNTS PAYABLE, AS OUTLINED IN THE SERVICES AGREEMENT. FORM 990, PART VI, SECTION B, LINE 11B A COMPLETE COPY OF FORM 990, INCLUDING ALL OF SCHEDULE B, WILL BE PROVIDED TO THE ENTIRE ORGANIZATION'S GOVERNING BODY BEFORE IT IS FILED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MAINTAINS A WRITTEN CONFLICT OF INTEREST POLICY COVERING ALL PERSONS IN POSITIONS OF AUTHORITY, INCLUDING OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES. THE POLICY DEFINES CONFLICTS OF INTEREST, IDENTIFIES COVERED INDIVIDUALS, AND REQUIRES INITIAL, ONGOING, AND ANNUAL DISCLOSURE OF INTERESTS INCLUDING THOSE OF FAMILY MEMBERS AND RELATED BUSINESSES THAT COULD GIVE RISE TO CONFLICTS. THE EXECUTIVE COMMITTEE REVIEWS ALL DISCLOSURES AND DETERMINES WHETHER A CONFLICT EXISTS. IF A CONFLICT IS IDENTIFIED, THE AFFECTED INDIVIDUAL IS REQUIRED TO RECUSE THEMSELVES FROM DISCUSSIONS AND DECISIONS RELATED TO THE MATTER. ALL DISCLOSURES AND ACTIONS TAKEN ARE DOCUMENTED IN THE OFFICIAL RECORDS. THE ORGANIZATION REGULARLY MONITORS COMPLIANCE WITH THE POLICY AND ENFORCES RESTRICTIONS TO ENSURE DECISIONS ARE MADE IN THE BEST INTEREST OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 15 ALL NON-EMPLOYEE COMPENSATION IS DETERMINED BY THE BOARD OF DIRECTORS. THE PROCESS DESCRIBED HERE WAS LAST COMPLETED IN 2024. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S FINANCIAL STATEMENTS, GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY WILL BE PROVIDED UPON REQUEST. FORM 990, PART IX, LINE 11G CONTRACT LABOR: PROGRAM SERVICE EXPENSES 11,547. MANAGEMENT AND GENERAL EXPENSES 20,003. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 31,550. FORM 990, PART XII, LINE 2C: THE FINANCE COMMITTEE IS RESPONSIBLE FOR OVERSIGHT OF THE AUDIT, REVIEW, OR COMPILATION OF THE ORGANIZATION'S FINANCIAL STATEMENTS AND FOR THE SELECTION OF AN INDEPENDENT ACCOUNTANT. THE COMMITTEE IS CHAIRED BY THE TREASURER AND INCLUDES THE FINANCIAL SERVICES CONTRACTOR, FINANCIAL ADVISOR, AND PRESIDENT. THE FINANCE COMMITTEE REVIEWS FINANCIAL REPORTS, MANAGES THE AUDIT PROCESS, AND RECOMMENDS THE SELECTION OF THE INDEPENDENT AUDITOR TO THE BOARD OF DIRECTORS. ALL MEMBERS OF THE COMMITTEE ARE EITHER BOARD MEMBERS OR INDIVIDUALS DELEGATED BY THE GOVERNING BODY. THIS COMMITTEE WAS ESTABLISHED IN THE ORGANIZATION'S FIRST YEAR TO ENSURE STRONG FINANCIAL OVERSIGHT AND COMPLIANCE.