Overview
What is Olean Local Development Corporation?
Olean Local Development Corporation is a nonprofit organization situated in Olean, New York, with an address at 101 E State Street. Their primary mission is to drive economic growth in the area by redeveloping and revitalizing community projects, such as Bradner Stadium, through a public-private partnership model. This approach aims to transform the stadium into a multi-sport, multi-recreational event center, benefiting not only Olean but also its surrounding communities. The organization also oversees an audit committee that ensures responsible financial reporting, risk assessment, and internal controls.
Official website here: www.cityofolean.org/oldc
Is Olean Local Development Corporation legitimate?
Olean Local Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Olean Local Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.cityofolean.org/oldc
What is the mission statement of Olean Local Development Corporation?
The Olean Local Development Corporation's mission is centered around the redevelopment and revitalization of Bradner Stadium, transforming it into a multi-sport, multi-recreational event center. This is achieved through a strategic public/private partnership model, aimed at promoting economic development to benefit a wider community beyond just the city. Additionally, the corporation engages in other community-based projects, continuing to foster economic growth and development. The audit committee's role is to ensure the internal and external audit process, financial reporting, and risk assessment are effectively managed, and it serves as a communication channel between management, auditors, and the board of directors.
Official website here: www.cityofolean.org/oldc
Who is the CEO of Olean Local Development Corporation?
Lens Martial is the President of Olean Local Development Corporation.
Official website here: www.cityofolean.org/oldc
What is the revenue of Olean Local Development Corporation?
Olean Local Development Corporation's revenue in 2023 was $2,938.
Official website here: www.cityofolean.org/oldc
Who are the executives of Olean Local Development Corporation and what are their salaries?
There 11 volunteers at Olean Local Development Corporation.
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Official website here: www.cityofolean.org/oldc
Where can I find the form 990 for Olean Local Development Corporation?
Olean Local Development Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.cityofolean.org/oldc
Learn more at the official website: www.cityofolean.org/oldc
Mission Statement of Olean Local Development Corporation
Olean Local Development Corporation, a nonprofit organization, is dedicated to revitalizing its community by leveraging a public/private partnership model. Their primary mission is to redevelop Bradner Stadium into a multi-sport, multi-recreational event center. This transformation aims to serve as a cultural and recreational hub for the area. Beyond this, the corporation also engages in the development of other community-based projects. These projects are designed to stimulate economic growth and benefit the surrounding area, furthering the organization's commitment to community development. The Olean Local Development Corporation's mission is driven by its goal to promote economic development through strategic partnerships and innovative project development.
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Impact
August, 2024
The Olean Local Development Corporation's impact can be seen in the redevelopment of Bradner Stadium into a multi-sport, multi-recreational event center. Through the utilization of a public/private partnership model, the organization aims to promote economic development that benefits Olean and the surrounding area. By focusing on community-based projects and revitalization efforts, the Olean Local Development Corporation plays a crucial role in promoting growth and enhancing the quality of life in the city and its neighboring communities.
This information is meant to be a general summary of Olean Local Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Program Service Revenue: $2,938
- Gross Receipts: $2,938
Assets and Liabilities:
- Total Assets: $205,360
- Total Liabilities: $1,500
- Net Assets: $203,860
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Organization Details
Founding Year
2006
Phone
(716) 376-5613Principal Officer
Lens Martial
Main Address
101 E STATE STREET, OLEAN, NY, 14760
Website
www.cityofolean.org/oldcNTEE Category
Code: S20 - Community improvement
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