OLEAN BUSINESS DEVELOPMENT CORPORATION

OLEAN, NY, 14760 (716) 701-4009 Est. 2013 EIN 45-5371087
S20 - Community & Neighborhood Development 990 - Public charity return 501(c)(3)
oleanbd.com

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.

Giving Portfolio

Total Grants
4
Total Giving
$260K
Recipients
2
Years Active
2025
Avg grant: $65,000 Median: $65,000

Sectors Funded

Employment
2

Top States

New York
4

Grantee Size Profile

$1M - $5M
2
Over $50M
2

Top Grantees

Grants Awarded · 4 grants

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Financials

Total Revenue
$1,407,964
Total Expenses
$1,003,914
Net Assets
$2,454,540
8 employees
From latest filing (tax period ending 2025-12-31)

Financial Health

Operating Reserve
2.4 years Healthy
Net assets / monthly expenses
Year-over-Year Change
Revenue ↓ 19.7%
Expenses ↓ 8.3%
Revenue Sources
Contributions 86.2% Earned revenue 1.5% Investment 2.9% Other 9.0%
Expense Breakdown
Program 82.0% Management 18.0%

Officers & Trustees (10)

Individual compensation is available on Grow plans.

Filing History (7 filings)

YearRevenueExpensesNet Assets
2025 990 - Public charity return
Jan 1, 2025 to Dec 31, 2025
$1,407,964 $1,003,914$2,454,540
2025 990 - Public charity return
Jan 1, 2025 to Dec 31, 2025
$1,407,964 ↑$1,003,914$2,454,540
2023 990 - Public charity return
Jan 1, 2023 to Dec 31, 2023
$925,080 ↑$834,237$1,392,686
2022 990 - Public charity return
Jan 1, 2022 to Dec 31, 2022
$709,773 ↑$815,835$1,301,843
2021 990 - Public charity return
Jan 1, 2021 to Dec 31, 2021
$499,620 ↓$341,386$1,423,414
2020 990 - Public charity return
Jan 1, 2020 to Dec 31, 2020
$608,955 ↑$219,272$1,265,180
2018 990 - Public charity return
Jan 1, 2018 to Dec 31, 2018
$287,654 $296,400$893,637

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EIN: 45-5371087 · Source: IRS Form 990 e-file data