NonprofitsOlean Business Development Corporation

Community Improvement & Capacity Building

Olean Business Development Corporation

OLEAN, NY

Total revenue

$1.8M

Total expenses

$920K

Net assets

$2.2M

Grants received

$1.7M

15 grants

EIN

455371087

Tax year

2024

Mission

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.

Financials

FY 2024

Revenue

Contributions & grants$1.4M
Program service revenue$180K
Investment income$42K
Other revenue$122K
Total revenue$1.8M

Expenses

Grants paid$75K
Salaries & benefits$386K
Fundraising
Other expenses$458K
Total expenses$920K
Total assets$3.1M
Net assets$2.2M

People

12 listed

NameRoleCompensation

MICHAEL FISCHER

Treasurer

Board

1 hrs/wk

MICHAEL SMITH

1st Vice Chair

Board

1 hrs/wk

DANIEL DEMARTE

Secretary

Board

1 hrs/wk

BRENT DRISCOLL

Director

Board

1 hrs/wk

COREY WIKTOR

Director

Board

1 hrs/wk

EVELYN SABINA

Secretary

Board

1 hrs/wk

BOB FORNESS

President/E.D.

Board

40 hrs/wk

MATRECIA JAMES

Director

Board

1 hrs/wk

JEFF GINGRICH

Director

Board

1 hrs/wk

JAMES E STITT

Chair

Board

1 hrs/wk

STEVE MCCLAIN

2nd Vice Chair

Board

1 hrs/wk

BOB FORNESS

EXECUTIVE DIRECTOR

Staff

$75K

40 hrs/wk

Grants received

Showing 15 of 15

FromAmountPurposeYear
$300K
OBDC Entrepreneurial Capacity Support
2024
$250K
Entrepreneurship-Led Economic Development Strategy in Cattaraugus County
2024
$703K
RESKILLING INITATIVE
2023
$85K
TO SUPPORT A COUNTY-WIDE ECONOMIC DEVELOPMENT PLANNING PROCESS IN CATTARAUGUS COUNTY.
2023
$8K
GENERAL OPERATING
2023
$500
CHARITABLE DONATION
2023
$25K
PLEDGE
2022
$6K
GENERAL OPERATING
2022
$100K
EJL ENTREPENEUR FUND
2020
$25K
ANNUAL GIFT
2018
$2K
MATCH FOR BAD
2018
$1K
MATCH FOR JWW
2018
$1K
MATCH FOR JMS
2018

Funded by

$1.7M from 7 funders · 15 grants · 2018–2024

Jamestown Community College

$703K · 1 grant · 2023

The Ralph C Wilson Jr Foundation

$635K · 3 grants · 2023–2024

Cutco Foundation Inc

$154K · 6 grants · 2018–2022

Ft & Anna C Manley Mem Tw Pfdn

$13K · 2 grants · 2022–2023

The Stitt Foundation Inc

$1K · 1 grant · 2023

Lancellot Family Foundation Inc

$500 · 1 grant · 2023

Details

EIN455371087
NTEE codeS20
Subsection03
Ruling date2013-12
Formed2013
Employees8
OLEAN BUSINESS DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo