Overview
What is Akron Development Corporation?
Akron Development Corporation is a nonprofit organization situated in Akron, Ohio, with an address at 166 South High Street 202. Their primary mission is to foster economic development within the city, particularly through initiatives such as the former Akron Global Business Accelerator, and securing funding from the State of Ohio for technology-based businesses. The organization has supported both the city of Akron and various 501(c)(3) organizations aligned with its mission, contributing to the city's overall growth and progress. The mentioned former Akron Global Business Accelerator, now known as Bounce Innovation Hub, has commenced operations independently as of January 1, 2018. The Akron Development Corporation continues to play a crucial role in promoting economic growth and development within the city of Akron.
Is Akron Development Corporation legitimate?
Akron Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Akron 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Akron Development Corporation?
The Akron Development Corporation was established with the primary objective of fostering economic development initiatives, especially in the tech sector. This is achieved through their partnership with the former Akron Global Business Accelerator and securing funding from the State of Ohio for technology-based businesses. It's worth noting that the former Akron Global Business Accelerator, now known as the Bounce Innovation Hub, commenced operations independently on January 1, 2018. The corporation's role is to stimulate economic growth and innovation within the tech industry.
Who is the CEO of Akron Development Corporation?
Samuel Deshazior is the Vice President of Akron Development Corporation.
What is the revenue of Akron Development Corporation?
Akron Development Corporation's revenue in 2022 was $492,572.
Who are the executives of Akron Development Corporation and what are their salaries?
There 4 volunteers at Akron Development Corporation.
Here are 7 key members and their salaries:
- Compensation: $0
- Related: $119,751
- Other: $23,208
- Compensation: $0
- Related: $164,068
- Other: $23,208
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Akron Development Corporation?
Akron Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Akron Development Corporation
The Akron Development Corporation was established with a mission to support economic development initiatives in the city of Akron. Specifically, it aimed to accomplish this through its collaboration with the former Akron Global Business Accelerator, and by securing funding from the State of Ohio for technology-based businesses. It's worth noting that the former Akron Global Business Accelerator later became an independent entity known as the Bounce Innovation Hub, which commenced operations on January 1, 2018. In essence, the Akron Development Corporation's mission was to foster economic growth in the city by facilitating partnerships and securing financial resources for technology-driven businesses.
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Impact
October, 2024
Akron Development Corporation plays a crucial role in fostering economic growth within the city of Akron. Through its initiatives, it has been instrumental in providing support and funding, particularly for technology-based businesses. By securing state financing, the Corporation enables local entrepreneurs to access resources that cultivate innovation and support business development.
One of the key programs associated with the Corporation was the Akron Global Business Accelerator, which has since evolved into the Bounce Innovation Hub. This transition signifies a commitment to enhancing the business ecosystem in Akron and reflects a concentration on nurturing startups and small businesses that drive local economic progress.
Additionally, the Akron Development Corporation offers grants to the city and various organizations that align with its mission, creating a network of support that amplifies community improvement efforts. By focusing on technology and innovation, the Corporation not only empowers individual businesses but also contributes to the overall economic vitality of the Akron area.
This information is meant to be a general summary of Akron 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 2022.
- Investment Income: $27
- Program Service Revenue: $249,395
- Gross Receipts: $492,572
Assets and Liabilities:
- Total Assets: $5,370,661
- Total Liabilities: $2,298,000
- Net Assets: $3,072,661
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
HSED LLC RENT
Revenue
$248,558
MISCELLANEOUS INCOME
Revenue
$837
Organization Details
Founding Year
1979
Phone
(330) 375-2133Principal Officer
Samuel Deshazior
Main Address
166 SOUTH HIGH STREET 202, AKRON, OH, 443081628
NTEE Category
Code: S31 - Community improvement
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