Program areas at Olean Local Development Corporation
The purpose of the audit committee shall be to (1) assure that the authority's board fulfills its responsibilities for the authority's internal and external audit process, the financial reporting process and the system of risk assessment and internal controls over financial reporting; and (2) provide an avenue of communication between management, the independent auditors, the internal auditors, and the board of directors
The purpose of the audit committee shall be to (1) assure that the authority's board fulfills its responsibilities for the authority's internal and external audit process, the financial reporting process and the system of risk assessment and internal controls over financial reporting; and (2) provide an avenue of communication between management, the independent auditors, the internal auditors, and the board of directors
The purpose of the audit committee shall be to (1) assure that the authority's board fulfills its responsibilities for the authority's internal and external audit process, the financial reporting process and the system of risk assessment and internal controls over financial reporting; and (2) provide an avenue of communication between management, the independent auditors, the internal auditors, and the board of directors
Personnel at Olean Local Development Corporation
| Name | Title | Compensation | Date of data |
|---|
| Robert Thompson | Director of Public Work | $0 | 2023-05-31 |
| Lens Martial | City Auditor | $0 | 2023-09-21 |
| Adam Cashmere | Member | $0 | 2023-05-31 |
| John Hart | City Attorney | $0 | 2023-05-31 |
| William Aiello | Mayor | $0 | 2023-05-31 |
| ...and 5 more key personnel |
Financials for Olean Local Development Corporation
| Revenues | FYE 05/2024 | FYE 05/2023 | % Change |
|---|
| Total grants, contributions, etc. | $0 | $0 | - |
| Program services | $42,969 | $2,938 | 1362.5% |
| Investment income and dividends | $0 | $0 | - |
| Tax-exempt bond proceeds | $0 | $0 | - |
| Royalty revenue | $0 | $0 | - |
| Net rental income | $0 | $0 | - |
| 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 | $0 | $0 | - |
| Total revenues | $42,969 | $2,938 | 1362.5% |
Organizations like Olean Local Development Corporation
| Organization | Type | Location | Revenue |
|---|
| Morning Star Community Development Corporation | 501(c)(3) | Linden, NJ | $100,000 |
| Burgettstown Area Community Development Corporation | 501(c)(3) | Burgettstown, PA | $46,265 |
| East Main Street Special Improvement District of Columbus | 501(c)(3) | Columbus, OH | $63,065 |
| Regional Center Partnership of Somerset County | 501(c)(3) | Somerville, NJ | $98,537 |
| Crystal River Main Street | 501(c)(3) | Crystal River, FL | $34,261 |
| Downtown Newark Special Improvement District | 501(c)(3) | Newark, OH | $134,085 |
| River Road Improvement Corporation | 501(c)(3) | Fair Lawn, NJ | $154,220 |
| Dungannon Development Commission | 501(c)(3) | Dungannon, VA | $86,779 |
| Villa Rica Main Street | 501(c)(3) | Villa Rica, GA | $84,374 |
| Downtown Lancaster Special Improvement District | 501(c)(3) | Lancaster, OH | $83,012 |
Data update history
November 16, 2023
Updated personnel
Identified 2 new personnel
November 9, 2023
Posted financials
Added Form 990 for fiscal year 2023
June 10, 2023
Posted financials
Added Form 990 for fiscal year 2022
May 22, 2023
Updated personnel
Identified 10 new personnel
February 3, 2023
Posted financials
Added Form 990EZ for fiscal year 2019
Nonprofit Types
Public sector nonprofitsBusiness and community development organizationsCharities
Issues
Community improvement
Characteristics
Partially liquidatedState / local levelTax deductible donationsNo full-time employees
General information
- Address
- 101 E State St
- Olean, NY 14760
- County
- Cattaraugus County, NY
- Phone
- (716) 376-5613
IRS details
- EIN
- 26-2740849
- Fiscal year end
- May
- Taxreturn type
- Form 990
- Year formed
- 2006
- Eligible to receive tax-deductible contributions (Pub 78)
- Yes
Categorization
- NTEE code, primary
- S20: Community, Neighborhood Development, Improvement
- NAICS code, primary
- 926110: Economic Development Corporations and Economic Program Organizations
- Parent/child status
- Independent
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