Nonprofit · EIN 34-1308327
AKRON DEVELOPMENT CORPORATION
Tax-exempt · AKRON, OH 44308
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $489,718 | $481,356 | $8,362 | $4,658,584 | $1,866,000 | $2,792,584 |
| December 31, 2023 | 990 | $284,160 | $552,493 | -$268,333 | $4,840,222 | $2,056,000 | $2,784,222 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $327,981
- of which government grants
- $52,000
- Program service revenue
- $203,959
- Investment income
- -$21,925
- Net gain from sales of assets
- -$27,311
- Other revenue
- -$20,297
Expenses
- Grants and similar amounts paid
- $49,677
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Depreciation
- $362,898
- Program services (functional)
- $481,270
- Management and general (functional)
- $86
Balance sheet and other
- Total assets, start of year
- $4,840,222
- Total assets, end of year
- $4,658,584
- Total liabilities, end of year
- $1,866,000
- Net assets, end of year
- $2,792,584
- Land, buildings and equipment
- $3,866,781
- Gross unrelated business income
- -$14,445
- Gross receipts
- $517,029
- Employees
- 0
- Volunteers
- 5
- Year formed
- 1979
- State of legal domicile
- OH
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SEAN VOLLMAN | TRUSTEE Trustee or director | 4 | $0 | $167,322 | $54,236 |
| SUZIE GRAHAM-MOORE | TRUSTEE Trustee or director | 4 | $0 | $142,303 | $45,955 |
| ISAIAH YOUNG | TRUSTEE Trustee or director | 4 | $0 | $30,716 | $10,214 |
| JASON DODSON | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 | $0 |
| JOE DANCY | SECRETARY Trustee or director, Officer | 4 | $0 | $0 | $0 |
| KEN BURNS | TREASURER Trustee or director, Officer | 4 | $0 | $0 | $0 |
| ADELE ROTH | TRUSTEE Trustee or director | 4 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SAMUEL DESHAZIOR | VICE PRESIDENT Trustee or director, Officer | 4 | $0 | $167,311 | $51,130 |
| CATHERINE BRECK | FORMER PRESIDENT THRU APRIL 2023 Trustee or director, Officer | 4 | $0 | $55,037 | $14,772 |
| JASON DODSON | PRESIDENT Trustee or director, Officer | 4 | $0 | $0 | $0 |
| JOE DANCY | SECRETARY Trustee or director, Officer | 4 | $0 | $0 | $0 |
| KEN BURNS | TREASURER Trustee or director, Officer | 4 | $0 | $0 | $0 |
| ANNAL VYAS | TRUSTEE THRU MARCH 2023 Trustee or director | 4 | $0 | $0 | $0 |
| ADELE ROTH | TRUSTEE Trustee or director | 4 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 166 S HIGH ST RM 202, AKRON, OH 44308-1628
- In care of
- % KEN BURNS
- Principal officer (990 for 2024)
- JASON DODSON, 166 SOUTH HIGH STREET 202, AKRON, OH 443081628
- Signed the 990
- JASON DODSON, PRESIDENT
- Phone
- (330) 375-2133
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
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.)
Program accomplishments
- THE AKRON DEVELOPMENT CORPORATION CHAMPIONS ECONOMIC REVITALIZATION IN THE CITY OF AKRON BY SUPPORTING TECHNOLOGY-DRIVEN ENTERPRISES AND ENTREPRENEURIAL GROWTH. ROOTED IN ITS LEGACY WITH THE AKRON GLOBAL BUSINESS ACCELERATOR, THE CORPORATION HAS PLAYED A PIVOTAL ROLE IN SECURING STATE OF OHIO FINANCING FOR EMERGING BUSINESSES, FOSTERING INNOVATION, AND CULTIVATING A RESILIENT LOCAL ECONOMY. ITS ENDURING IMPACT CONTINUES TO SHAPE AKRON'S FUTURE BY EMPOWERING STARTUPS, CREATING JOBS, AND ADVANCING INCLUSIVE DEVELOPMENT ACROSS THE REGION.Expenses $481,270 · grants $49,677 · revenue $203,959
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 34-1308327
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2009
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S31)
- Assets (IRS master file)
- $4,658,584
- Income (IRS master file)
- $517,029
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $489,718 | $481,356 | $4,658,584 | IRS |
| 990 | December 2023 | $284,160 | $552,493 | $4,840,222 | XML |
| 990 | December 2022 | $492,572 | $524,420 | $5,370,661 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 34-1308327).
Questions about AKRON DEVELOPMENT CORPORATION
- What is the EIN of AKRON DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of AKRON DEVELOPMENT CORPORATION is 34-1308327.
- Is AKRON DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2009.
- Are donations to AKRON DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does AKRON DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of AKRON DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did AKRON DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of AKRON DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 names JASON DODSON.
- Who are the officers and directors of AKRON DEVELOPMENT CORPORATION?
- The 990 for the year ended December 31, 2024 lists 7 people; 0 received compensation from the organization.
- How much revenue does AKRON DEVELOPMENT CORPORATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $489,718, expenses of $481,356 and total assets of $4,658,584 at year end.
Other nonprofits in AKRON
- COMMUNITY HALL FOUNDATION PROGRAM ENDOWMENT EIN 34-1015948 · last filed 990 for 2025
- WELL COMMUNITY DEVELOPMENT CORPORATION EIN 81-2680851 · last filed 990 for 2024
- BOUNCE INNOVATION HUB EIN 82-3351373 · last filed 990 for 2024
- AKRON COMMUNITY DEVELOPMENT ASSOCIATION INC EIN 34-1965936 · last filed 990 for 2025
- DEVELOPMENT FUND OF THE WESTERN RESERVE INC EIN 45-2495397 · last filed 990 for 2024
- WESTERN RESERVE COMMUNITY FUND INC EIN 83-3858451 · last filed 990 for 2024
- DOWNTOWN AKRON PARTNERSHIP INC EIN 34-1823835 · last filed 990 for 2025
- DOWNTOWN AKRON SPECIAL IMPROVEMENT DISTRICT INC EIN 34-1898873 · last filed 990 for 2025
All nonprofits in AKRON · Ohio · Community improvement and capacity building