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Olean Business Development Corporation
Community Development · Olean, New York
301 N Union St, Olean, NY 14760-2635
EIN: 455371087· Founded: Dec 2013· 13 years active· Filing Year: 2023
Annual Revenue
$925K
Total Expenses
$834K
Total Assets
$2.0M
Program Spending
19%
of expenses go to programs
Compensation & Payroll
Total Officer Compensation
$75K
9.0% of total expenses
All officers, directors, and key employees combined
Other Salaries & Wages
$191K
Total Payroll
$266K
32% of total expenses
Where the Money Goes
19%
Programs: 19%
Payroll: 32%
Other overhead: 82%
Program Revenue$154K (17%)
Total Expenses$834K (90%)
Payroll$266K (32%)
Overhead (non-program)82%
Trust Score Breakdown
Program Spending Ratio
19% of expenses go to programs
Revenue & Stability
$925K annual revenue
Executive Compensation
$75K total officer comp (9.0% of expenses)
Filing Recency
Most recent filing: 2023
Asset Strength
$2.0M in assets
Data from IRS Form 990 filing (2023). Trust scores are calculated from public financial data and do not constitute endorsement or investment advice.