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 | $75,000 | 2024-07-05 |
| James E. Stitt | Chairman | $0 | 2024-07-05 |
| Dan Derose | President | $0 | 2023-09-07 |
| Mike Smith | Board Member | $0 | 2023-09-07 |
| Michael Fischer | Treasurer | $0 | 2022-12-31 |
| ...and 3 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 |
|---|
| Santa Fe Business Incubator | 501(c)(3) | Santa Fe, NM | $783,066 |
| Northeast Indiana Innovation Center | 501(c)(3) | Fort Wayne, IN | $2,117,873 |
| Western Colorado Business Development Corporation | 501(c)(3) | Grand Junction, CO | $2,298,721 |
| Alaska Business Development Center | 501(c)(3) | Anchorage, AK | $763,177 |
| Launch New York | 501(c)(3) | Buffalo, NY | $4,319,958 |
| International Hartford | 501(c)(3) | Hartford, CT | $330,260 |
| Apple Community Development Corporation | 501(c)(3) | Arlington, TX | $718,005 |
| Aedc Small Business Lending Center | 501(c)(3) | Eureka, CA | $3,441,770 |
| Innovation Marquette Enterprise Corporation | 501(c)(3) | Marquette, MI | $1,649,387 |
| Aspermont Small Business Development Center | 501(c)(3) | Aspermont, TX | $4,207,952 |
Data update history
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
August 15, 2023
Posted financials
Added Form 990 for fiscal year 2021
July 20, 2023
Posted financials
Added Form 990 for fiscal year 2022
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
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