Program areas at Olean Business Development Corporation
To benefit youth through mentoring and skills development; to benefit families by creating a connection to community leaders, resources, and service opportunities; to benefit small businesses by providing training, coaching, resource connections, networking, and collaboration; and to benefit the community by retention of youth, supporting the development of a better prepared labor force, encouraging stronger businesses, and improving regional economic conditions.
Who funds Olean Business Development Corporation
Grants from foundations and other nonprofits
Personnel at Olean Business Development Corporation
| Name | Title | Compensation | Date of data |
|---|
| Bob Forness | President and Executive Director | $0 | 2024-07-05 |
| Steve McClain | Second Vice Chair | $0 | 2024-07-05 |
| James E. Stitt | Chairman | $0 | 2024-07-05 |
| Robert Forness | President | | 2024-05-05 |
| Dan Derose | Vice Chair | $0 | 2023-12-31 |
| ...and 5 more key personnel |
Financials for Olean Business Development Corporation
| Revenues | FYE 12/2023 | FYE 12/2022 | % Change |
|---|
| Total grants, contributions, etc. | $649,534 | $510,995 | 27.1% |
| Program services | $153,988 | $54,750 | 181.3% |
| Investment income and dividends | $7,775 | $-1,720 | 552% |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $113,039 | $143,624 | -21.3% |
| Net gain from sale of non-inventory assets | $0 | $0 | - |
| Net income from fundraising events | $0 | $0 | - |
| Net income from gaming activities | $0 | $0 | - |
| Net income from sales of inventory | $0 | $0 | - |
| Miscellaneous revenues | $744 | $2,124 | -65% |
| Total revenues | $925,080 | $709,773 | 30.3% |
Organizations like Olean Business Development Corporation
| Organization | Type | Location | Revenue |
|---|
| Innovation Marquette Enterprise Corporation | 501(c)(3) | Marquette, MI | $2,200,288 |
| Aspermont Small Business Development Center | 501(c)(3) | Aspermont, TX | $3,661,260 |
| Launch New York | 501(c)(3) | Buffalo, NY | $4,319,958 |
| Alaska Business Development Center | 501(c)(3) | Anchorage, AK | $763,177 |
| Santa Fe Business Incubator | 501(c)(3) | Santa Fe, NM | $783,066 |
| Western Colorado Business Development Corporation | 501(c)(3) | Grand Junction, CO | $1,810,249 |
| Northeast Indiana Innovation Center | 501(c)(3) | Fort Wayne, IN | $2,361,536 |
| International Hartford | 501(c)(3) | Hartford, CT | $330,260 |
| Lindenpointe Development Corporation | 501(c)(3) | Hermitage, PA | $536,450 |
| ACT Albany Community Together | 501(c)(3) | Albany, GA | $2,115,720 |
Data update history
August 19, 2024
Posted financials
Added Form 990 for fiscal year 2023
August 12, 2024
Updated personnel
Identified 2 new personnel
July 10, 2024
Received grants
Identified 1 new grant, including a grant for $1,000 from The Stitt Foundation July 5, 2024
Updated personnel
Identified 1 new personnel
September 7, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Business and industry
Characteristics
Partially liquidatedState / local levelReceives government fundingManagement and technical assistanceTax deductible donationsAccepts online donations
General information
- Address
- 301 N Union St
- Olean, NY 14760
- County
- Cattaraugus County, NY
- Website URL
- oleanbd.com/Â
- Phone
- (716) 701-4009
IRS details
- EIN
- 45-5371087
- Fiscal year end
- December
- Taxreturn type
- Form 990
- Year formed
- 2013
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S43: Management Services for Small Business, Entrepreneurs
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
Free account sign-up
Want updates when Olean Business Development Corporation has new information, or want to find more organizations like Olean Business Development Corporation?
Create free Cause IQ account