OLEAN LOCAL DEVELOPMENT CORPORATION
OLEAN,
New York,
14760
EIN: 26-2740849
Community Improvement, Capacity Building
MISSION
PROMOTE ECONOMIC DEVELOPMENT TO BENEFIT THE OLEAN AND SURROUNDING AREA
DEMOGRAPHIC
ADDRESS
101 E STATE STREET
14760
COUNTY
cattaraugus county, NY
IN CARE OF NAME
CITY OF OLEAN NY
ORGANIZATIONAL OVERVIEW & RANKINGS
OLEAN LOCAL DEVELOPMENT CORPORATION is a based in OLEAN, NY, focused on Community Improvement, Capacity Building causes , specifically Community, Neighborhood Development, Improvement (General). Established in January 2021, it operates as an independent corporation and contributions to this organization are tax-deductible .
With total assets of $181,435.00, this ranks 420,558 among 2,656,690 nonprofits nationally (Top 16%), demonstrating significant financial capacity relative to its peers. At the state level, it stands at 33,453 out of 159,053 organizations in NY (Top 22%).
In cattaraugus county, NY, the organization ranks 136 out of 620 nonprofits by assets (Top 20%), while locally in olean, it stands at 60 among 180 organizations (Top 30%).
The organization reported annual revenue of $42,969.00, ranking 513,066 nationally (Top 20%) and 35,920 in NY (Top 23%).
Within its specific NTEE classification (S20 - S: Community Improvement, Capacity Building), which includes 19,834 similar organizations, OLEAN LOCAL DEVELOPMENT CORPORATION ranks 1,907 in assets (Top 10%) and 3,178 in revenue (Top 16%).
Note: This organization's tax-exempt status was temporarily revoked on May 15, 2020 and was reinstated on May 15, 2020 .
The organization files a 990 - Required to file Form 990-N - Income less than $25,000 per year and operates on a April fiscal year.
CLASSIFICATION
ORGANIZATION CODE
1: Corporation
DEDUCTIBILITY CODE
1: Contributions are deductible
AFFILIATION CODE
3: Independent
SUBSECTION/CLASSIFICATION CODES
ACTIVITY CODES
N/A
NTEE COMMON CODE
S: Community Improvement, Capacity Building
NTEE CODE
S20: Community, Neighborhood Development, Improvement (General)
FOUNDATION CODE
15: Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)
EXEMPT ORGANIZATION STATUS CODE
N/A
FINANCIALS
Revoked: Friday, May 15, 2020;
Reinstated: Friday, May 15, 2020
TAX PERIOD
05/2024
ACCOUNTING PERIOD
05
INCOME CODE
3: $25,000 to $99,999
INCOME AMOUNT
$42,969.00
FORM 990 REVENUE AMOUNT
$42,969.00
RULING DATE
01/2021
ASSET CODE
4: $100,000 to $499,999
ASSET AMOUNT
$181,435.00
FILING REQUIREMENT CODE
990 - Required to file Form 990-N - Income less than $25,000 per year
PF FILING REQUIREMENT CODE
No 990-PF return
Disclaimer: While we are confident of the accuracy of the information on this page, we encourage you verify the information directly with IRS. The IRS has a toll-free number for this at 1-877-829-5500 or visit www.irs.gov.
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