2024-10-07T15:41:19-05:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 4334 MUNSON STREET SUITE 200 CANTON OH 44718 990 2023-01-01 341308327 AKRON DEVELOPMENT CORPORATION AKRO 3303752133 166 SOUTH HIGH STREET 202 AKRON OH 443081628 JASON DODSON PRESIDENT 3303752133 2024-10-04 1 1 JENNIFER COLEMAN P00743188 3304972000 2024-10-04 2023 2024-10-15 13:58:12Z JASON DODSON 166 SOUTH HIGH STREET 202 AKRON OH 443081628 351194 0 X N/A X 1979 OH THE AKRON DEVELOPMENT CORPORATION WAS ORGANIZED TO SUPPORT ECONOMIC DEVELOPMENT INITIATIVES IN THE CITY OF AKRON, PARTICULARLY THROUGH A PROGRAM WITH THE FORMER AKRON GLOBAL BUSINESS ACCELERATOR, AND TO SECURE STATE OF OHIO FINANCING FUNDING FOR TECHNOLOGY-BASED BUSINESSES. 5 4 0 4 0 0 272898 149083 249395 227302 27 -66776 -29748 -25449 492572 284160 36060 37629 0 0 0 0 0 0 0 488360 514864 524420 552493 -31848 -268333 5370661 4840222 2298000 2056000 3072661 2784222 X THE AKRON DEVELOPMENT CORPORATION WAS ORGANIZED TO SUPPORT ECONOMIC DEVELOPMENT INITIATIVES IN THE CITY OF AKRON, PARTICULARLY THROUGH THE FORMER AKRON GLOBAL BUSINESS ACCELERATOR AND TO SECURE STATE OF OHIO FUNDING FOR TECHNOLOGY-BASED BUSINESSES. (THE FORMER AKRON GLOBAL BUSINESS ACCELERATOR SPUN OFF FROM THE CITY OF AKRON AND IS NOW AN INDEPENDENT ENTITY KNOWN AS THE BOUNCE INNOVATION HUB, WHICH COMMENCED OPERATIONS ON JANUARY 1, 2018.) 0 0 552407 37629 227302 THE AKRON DEVELOPMENT CORPORATION PROVIDED GRANTS AND SUPPORT TO THE CITY OF AKRON AND OTHER 501(C)(3) ORGANIZATIONS THAT SUPPORT THE CITY OF AKRON'S MISSION. 552407 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 OH X SEAN VOLLMAN 3303752133 166 S HIGH ST ROOM 202 AKRON OH 44308 JASON DODSON PRESIDENT 4.00 X X 0 0 0 SAMUEL DESHAZIOR VICE PRESIDENT 4.00 X X 0 167311 51130 JOE DANCY SECRETARY 4.00 X X 0 0 0 KEN BURNS TREASURER 4.00 X X 0 0 0 CATHERINE BRECK FORMER PRESIDENT THRU APRIL 2023 4.00 X X 0 55037 14772 ANNAL VYAS TRUSTEE THRU MARCH 2023 4.00 X 0 0 0 ADELE ROTH TRUSTEE 4.00 X 0 0 0 0 222348 65902 0 0 1 0 0 36083 52000 61000 149083 HSED LLC RENT 531120 227302 227302 227302 258 258 67034 -67034 -67034 -67034 PASSIVE INVESTMENT INC 900001 -25449 -25449 -25449 284160 227302 0 -92225 37629 37629 50000 50000 67925 67925 362901 362901 863 777 86 PROGRAM EXPENSES 32975 32975 OHIO CHARITABLE FILING 200 200 552493 552407 86 0 327749 267975 28984 13475 7656468 3426788 4592581 4229680 421347 329092 5370661 4840222 2298000 2056000 2298000 2056000 X 0 0 0 0 3072661 2784222 3072661 2784222 5370661 4840222 -268333 -20106 0 X 0 0 0 X X X 1 CITY OF AKRON 346000020 6 1 552407 0 1 552407 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 82099 82099 5450211 1559366 3890845 84864 84864 0 1361524 1171986 189538 677770 610572 67198 4229680 INVESTMENT IN POLYFLOW, LLC -7405 F INVESTMENT IN AKRON FUSION VENTURES 336497 F 329092 1 KEEP AKRON BEAUTIFUL 850 EAST MARKET STREET AKRON OH 44305 341341298 501(C)(3) 17707 0 GREAT STREETS INITIATIVE 1 2 PART I, LINE 2: AKRON DEVELOPMENT CORPORATION PROVIDES GRANTS TO THE CITY OF AKRON, A RELATED ORGANIZATION, FOR THE PURPOSE OF CARRYING OUT THE PROGRAMS OF THE CITY. THE ORGANIZATION ALSO PROVIDES GRANTS TO OTHER ENTITIES THAT HAVE THE SAME MISSION AS THE CITY OF AKRON. 0 0 0 0 0 0 0 0 0 SAMUEL DESHAZIOR VICE PRESIDENT 0 167311 0 0 0 0 0 22415 0 28715 0 218441 0 0 FORM 990, PART VI, SECTION A, LINE 2 TWO CURRENT OFFICERS ARE CURRENT EMPLOYEES OF THE CITY OF AKRON, THE SUPPORTING ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED BY THE PRESIDENT OF THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, OFFICER AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS SUCH PERSONS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; HAS READ AND UNDERSTOOD THE POLICY; HAS AGREED TO COMPLY WITH THE POLICY; UNDERSTANDS THE ORGANIZATION IS CHARITABLE; AND, IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IF AT ANY TIME DURING THE YEAR THERE IS CONFLICT OF INTEREST, THE INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST TO THE DIRECTORS AND MEMBERS OF THE COMMITTEES THAT HAVE GOVERNING BOARD DELEGATED POWERS. THE INTERESTED PERSON WILL THEN BE GIVEN THE OPPORTUNITY BY THOSE DIRECTORS AND MEMBERS TO DISCLOSE ALL MATERIAL FACTS FOR CONSIDERATION OF THE PROPOSED TRANSACTIONS OR ARRANGEMENT. AFTER THE DISCLOSURE, THE GOVERNING BOARD, WITHOUT PRESENCE OF THE INTERESTED PERSON, SHALL DETERMINE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION C, LINE 19 THE AKRON DEVELOPMENT CORPORATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. HIGHLAND SQUARE ECONOMIC DEVELOPMENT LLC 166 S HIGH STREET ROOM 202 MUNICIPA AKRON OH 443081628 RAISE $ TO DEVEL HIGHLAND SQ. OH 263385 4243156 AKRON DEV CORP CITY OF AKRON OH 166 S HIGH ST ROOM 202 MUNICIPAL BL AKRON OH 443081628 GOVERNMENT ENTITY OH N/A 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0