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The Olio Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 800493913 ✦ Winston salem, NC ✦ Designated as a 501(c)(3)

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Overview

What is The Olio Inc?

The Olio Inc. is a distinctive glass blowing studio functioning as a social enterprise, situated somewhere unspecified in the information provided. It uniquely transforms discarded bottles into handcrafted drinking glasses, thereby adding an eco-friendly twist to its products. The studio's mission extends beyond creating beautiful glassware; for each tumbler bought, it contributes to two significant causes: the local community and the glass apprenticeship program. This double-edged support enables the studio to give back while fostering talent in the art of glassblowing.

Is The Olio Inc legitimate?

The Olio Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Olio Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

What is the mission statement of The Olio Inc?

The Olio Inc, as a social enterprise, operates a glass blowing studio. Its primary mission is to create handcrafted drinking glasses from recycled bottles. For every tumbler sold, the organization supports both the local community and a glass apprenticeship program. By doing so, The Olio Inc contributes to environmental sustainability while providing training and opportunities in the field of glass blowing. The enterprise aims to contribute positively to society through its unique business model.

Who is the CEO of The Olio Inc?

Rebeccah Byer is the President of The Olio Inc.

What is the revenue of The Olio Inc?

The Olio Inc's revenue in 2022 was $38,422.

Who are the executives of The Olio Inc and what are their salaries?


Here are 3 key members and their salaries:


Ann Bliss (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Rebeccah Byer (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jim Gallucci (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990EZ for The Olio Inc?

The Olio Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.

Mission Statement of The Olio Inc

The Olio Inc, a glass blowing studio, operates as a social enterprise. Its mission is twofold: firstly, it creates handcrafted drinking glasses from recycled bottles, and secondly, with each tumbler sold, it contributes to supporting both the local community and its glass apprenticeship program. This enterprise serves as a platform for promoting environmental sustainability and fostering the skills of aspiring glassblowers. By purchasing its products, consumers contribute to this noble cause, helping to create a ripple effect of positive impact in their community and the lives of the glass apprentices.

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Impact




August, 2024

The Olio Inc, a glass blowing studio in Winston Salem, NC, has a significant impact on its community. By creating hand blown drinking glasses from recycled bottles, The Olio not only promotes sustainability but also supports local artisans through its glass apprenticeship program. With each tumbler sold, the studio contributes to the economic development of the area and helps in skill development for aspiring glassblowers. Through its innovative approach to social entrepreneurship, The Olio is making a tangible difference in both the environmental and human services sectors.




This information is meant to be a general summary of The Olio Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$38,422 (2022)
Expenses
$29,935 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $3
  • Program Service Revenue: $37,528
  • Gross Receipts: $38,422

Assets and Liabilities:

  • Total Assets: $67,025
  • Total Liabilities: $76,000
  • Net Assets: -$8,975

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Organization Details

Principal Officer

Rebeccah Byer

Main Address

PO Box 21312, Winston Salem, NC, 27120

NTEE Category

Code: P20 - Human services

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