Civic Intelligence

Greater Olean Inc

EIN 16-1450163 • 501(c)6 • Olean, NY

Profile

Promote community / economic development

301 North Union StreetOlean, NY 14760

www.oleanny.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

90th percentile

0.64x

Higher debt load relative to assets than 90% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

97th percentile

1.58x

Higher debt load relative to revenue than 97% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Net Margin

27th percentile

-2.2%

Higher net margin than 27% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

39th percentile

$69,784

Higher top officer pay than 39% of similar nonprofits.

Top officer pay equals 10.7% of source-year revenue.

501(c)6 • $1M-$5M nonprofits • Source year 2022

Asset Growth

17th percentile

-6.7%

Faster asset growth than 17% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

19th percentile

-4.3%

Faster revenue growth than 19% of similar nonprofits.

501(c)6 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets90th percentile

Assets

Down

$1,184,015

Down $84,649 (-6.7%) from 2023

Liabilities

Down

$752,351

Down $74,093 (-9.0%) from 2023

Net Assets

Down

$431,664

Down $10,556 (-2.4%) from 2023

Operations
Liabilities / Revenue97th percentileNet Margin27th percentile

Revenue

Down

$476,119

Down $21,202 (-4.3%) from 2023

Expenses

Down

$486,675

Down $29,241 (-5.7%) from 2023

Net Income

Up

-$10,556

Up $8,039 (+43%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth17th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2010: $1,047,629Liabilities 2010: $462,554Net Assets 2010: $585,0752010Assets 2011: $1,072,808Liabilities 2011: $481,029Net Assets 2011: $591,7792011Assets 2012: $1,387,168Liabilities 2012: $817,048Net Assets 2012: $570,1202012Assets 2013: $1,291,281Liabilities 2013: $711,149Net Assets 2013: $580,1322013Assets 2014: $983,117Liabilities 2014: $518,558Net Assets 2014: $464,5592014Assets 2015: $906,599Liabilities 2015: $498,849Net Assets 2015: $407,7502015Assets 2016: $983,918Liabilities 2016: $504,748Net Assets 2016: $479,1702016Assets 2017: $950,025Liabilities 2017: $480,668Net Assets 2017: $469,3572017Assets 2018: $873,129Liabilities 2018: $427,559Net Assets 2018: $445,5702018Assets 2019: $887,974Liabilities 2019: $433,774Net Assets 2019: $454,2002019Assets 2020: $1,023,896Liabilities 2020: $650,425Net Assets 2020: $373,4712020Assets 2021: $1,067,158Liabilities 2021: $762,788Net Assets 2021: $304,3702021Assets 2022: $1,335,603Liabilities 2022: $874,788Net Assets 2022: $460,8152022Assets 2023: $1,268,664Liabilities 2023: $826,444Net Assets 2023: $442,2202023Assets 2024: $1,184,015Liabilities 2024: $752,351Net Assets 2024: $431,6642024

Highlighted filing

2024

Assets$1,184,015
Liabilities$752,351
Net Assets$431,664
Open 2024 Filing

Operations Trend

Revenue Growth19th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KExpenses 2010: $778,9702010Expenses 2011: $650,9092011Expenses 2012: $691,7962012Revenue 2013: $795,051Expenses 2013: $785,039Net Income 2013: $10,0122013Revenue 2014: $775,247Expenses 2014: $890,820Net Income 2014: -$115,5732014Revenue 2015: $805,213Expenses 2015: $862,022Net Income 2015: -$56,8092015Revenue 2016: $835,802Expenses 2016: $764,382Net Income 2016: $71,4202016Revenue 2017: $844,950Expenses 2017: $854,763Net Income 2017: -$9,8132017Revenue 2018: $794,094Expenses 2018: $817,881Net Income 2018: -$23,7872018Revenue 2019: $754,022Expenses 2019: $745,392Net Income 2019: $8,6302019Revenue 2020: $412,804Expenses 2020: $493,533Net Income 2020: -$80,7292020Revenue 2021: $524,929Expenses 2021: $594,030Net Income 2021: -$69,1012021Revenue 2022: $649,488Expenses 2022: $493,043Net Income 2022: $156,4452022Revenue 2023: $497,321Expenses 2023: $515,916Net Income 2023: -$18,5952023Revenue 2024: $476,119Expenses 2024: $486,675Net Income 2024: -$10,5562024

Highlighted filing

2024

Revenue$476,119
Expenses$486,675
Net Income-$10,556
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$1,184,015
Liabilities
$752,351
Net assets
$431,664
Revenue
$476,119
Expenses
$486,675
Net income
-$10,556
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.18$0.75$0.43$0.48$0.49$0.01
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.27$0.83$0.44$0.50$0.52$0.02
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.34$0.87$0.46$0.65$0.49$0.16
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.07$0.76$0.30$0.52$0.59$0.07
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.65$0.37$0.41$0.49$0.08
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.89$0.43$0.45$0.75$0.75$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.87$0.43$0.45$0.79$0.82$0.02
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.95$0.48$0.47$0.84$0.85$0.01
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.98$0.50$0.48$0.84$0.76$0.07
2015Detailed filing. Detailed filing data is available for this year.$0.91$0.50$0.41$0.81$0.86$0.06
2014Detailed filing. Detailed filing data is available for this year.$0.98$0.52$0.46$0.78$0.89$0.12
2013Detailed filing. Detailed filing data is available for this year.$1.29$0.71$0.58$0.80$0.79$0.01
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.39$0.82$0.57$0.69
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.07$0.48$0.59$0.65
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.05$0.46$0.59$0.78
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 15, 2025
Return Version
2024v5.2
Gross Receipts
$492,568
Mission and Program Overview

Mission

Promote community / economic development

Promote community/economic development

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$712,458$774,507▲ $62,049
Cash and Non-Interest-Bearing Accounts$232,446$114,720▼ $117,726
Accounts Receivable$55,180$29,652▼ $25,528
Inventories for Sale or Use-$18,465-
Land, Buildings, and Equipment, Net$6,944$6,058▼ $886
Prepaid Expenses and Deferred Charges$1,519$1,032▼ $487
Total Assets$1,268,664$1,184,015▼ $84,649
Other Assets Total$260,117$239,581▼ $20,536
Liabilities
Accounts Payable and Accrued Expenses$331,428$310,583▼ $20,845
Other Liabilities$266,318$247,798▼ $18,520
Mortgage Notes Payable Secured by Investment Property$148,392$144,788▼ $3,604
Deferred Revenue$80,306$49,182▼ $31,124
Total Liabilities$826,444$752,351▼ $74,093
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$442,220$431,664▼ $10,556
Total Net Assets Fund Balance$442,220$431,664▼ $10,556
Total Liabilities and Net Assets / Fund Balance$1,268,664$1,184,015▼ $84,649

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$0$76,412$76,412
Other Land Buildings$6,058$27,804$33,862
Other Assets Org$239,581--
Compensation and Service Providers
Top Officer Pay39th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Christine PecherzewskiExecutive DirectorFT$30,751$30,751
Meme YanetskoCOO (former)FT$9,854$9,854

Board Members and Trustees

NameTitle
Shavonne HendersonPresident
Andrew CayaVice President
Andy CooperDirector
Anthony EvansDirector
Genelle MorrisDirector
John MulryanDirector
Kelly PatroneDirector
Paula BernsteinDirector
Paula SnyderDirector
Rob DefazioDirector
Steve JacksonDirector
Steve PokrzykDirector
Terry BrairtonDirector
William AielloDirector
Tim SmithSecretary
Richard YaegerTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$124,263
Program Service Revenue
$307,510
Investment Income
$30,442
Other Revenue
$13,904
Change in Net Assets
$-10,556

Audited Revenue Reconciliation

Revenue per Audited Statements
$476,119
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$16,449
Total Revenue per Audited Statements
$492,568
Total Revenue per Form 990
$476,119
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$324,962
Salaries, Compensation, and Employee Benefits$161,667
Grants and Similar Amounts Paid$46
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages---$80,692
Advertising---$58,522
Current Officers, Directors, Trustees, and Key Employees---$40,605
Office Expenses---$28,586
Other Employee Benefits---$28,393
Occupancy---$24,000
Fees for Services Accounting---$23,729
Payroll Taxes---$10,446
Interest---$6,104
Insurance---$5,088
Pension Plan Contributions---$1,531
Depreciation Depletion---$886
Other Expenses---$420
Travel---$60
Grants to Domestic Orgs---$46
Total Functional Expenses$0$0$0$486,675

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$503,124
Expenses per Audited Statements$486,675
Total Expenses per Form 990$486,675
Expenses Not Reported on Form 990$16,449
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
In-house lobbying only
Yes
Subject to proxy tax
Yes
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$247,798
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“Line 11a explanation - a draft of the organization's form 990 was provided to each member of the board for their review prior to its filing.”

Form 990, Part VI, Section C, Line 19

“The organization makes its governing document, conflict of interest policy, and financial statements available to the public upon their request.”

Filing and Contact Details

Filer

Filer Name
Greater Olean Inc
EIN
16-1450163
Phone
7163724433
Address
301 NORTH UNION STREET, OLEAN, NY 14760

Signing Officer

Name
Shavonne Henderson
Title
President
Phone
7163721620
Signed
2025-11-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Shavonne Henderson
Formed
1906
Legal Domicile
Ny
Voting Board Members
16
Independent Board Members
16
Employees
8
Volunteers
0

Preparer

Firm
Buffamante Whipple Buttafaro Pc
Address
130 SOUTH UNION STREET SUITE 200, OLEAN, NY 14760
Preparer
David V Ditanna CPA
Phone
7163721620
Supplemental Narrative

Additional Explanations

Form 990, Part X, Line 17

“During the year ended december 31, 2022, the chamber adopted a policy that gift certificates issued prior to december 31, 2017 would expire effective december 31, 2022 and gift certificates issues subsequent to january 1, 2018 will have a five year experation date.”

Financial Statement Notes

PART X, LINE 2:

“The internal revenue service has classified the greater olean chamber of commerce as exempt from federal income taxes under section 510(c)(6) of the united states internal revenue code. In addition, the greater olean chamber of commerce is exempt from new york state income tax. The chamber reports unrelated business activity related to health insurance activities and advertising in its directory. While the chamber believes the methodology and assumptions related to these calcuations are appropriate, it realizes that they would likely be reviewed if the returns were selected for audit examination. Tax years that remain subject to examination by taxing authorities include 2020 and later years.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Line 10b direct expenses from page 9 part viii 16,449.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Line 10b direct expenses from part viii 16,449.”

Raw XML AppendixShowing 400 of 491 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt9VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt16EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt17COO (FORMER)
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IRS990/Form990TFiledInd01
IRS990/FormationYr01906
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt016
IRS990/GovernmentGrantsAmt0124263
IRS990/GrantsToDomesticOrgsGrp/TotalAmt046
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt0492568
IRS990/GrossSalesOfInventoryAmt030353
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt016
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/TotalAmt05088
IRS990/InterestGrp/TotalAmt06104
IRS990/InventoriesForSaleOrUseGrp/EOYAmt018465
IRS990/InvestmentIncomeGrp/ExclusionAmt030442
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt030442
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt02
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IRS990/LandBldgEquipBasisNetGrp/EOYAmt06058
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IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PROMOTE COMMUNITY / ECONOMIC DEVELOPMENT
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt0148392
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt0144788
IRS990/NetAssetsOrFundBalancesBOYAmt0442220
IRS990/NetAssetsOrFundBalancesEOYAmt0431664
IRS990/NetIncomeOrLossGrp/RelatedOrExemptFuncIncomeAmt013904
IRS990/NetIncomeOrLossGrp/TotalRevenueColumnAmt013904
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IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0431664
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/TotalAmt024000
IRS990/OfficeExpensesGrp/TotalAmt028586
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501cInd0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0260117
IRS990/OtherAssetsTotalGrp/EOYAmt0239581
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/TotalAmt028393
IRS990/OtherExpensesGrp/Desc0SPECIAL EVENTS
IRS990/OtherExpensesGrp/Desc1PROFESSIONAL/CONSULTING
IRS990/OtherExpensesGrp/Desc2MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc3TELEPHONE
IRS990/OtherExpensesGrp/TotalAmt083914
IRS990/OtherExpensesGrp/TotalAmt177300
IRS990/OtherExpensesGrp/TotalAmt216353
IRS990/OtherExpensesGrp/TotalAmt3420
IRS990/OtherLiabilitiesGrp/BOYAmt0266318
IRS990/OtherLiabilitiesGrp/EOYAmt0247798
IRS990/OtherSalariesAndWagesGrp/TotalAmt080692
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayrollTaxesGrp/TotalAmt010446
IRS990/PensionPlanContributionsGrp/TotalAmt01531
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt01519
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt01032
IRS990/PrincipalOfficerNm0SHAVONNE HENDERSON
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/BusinessCd2561000
IRS990/ProgramServiceRevenueGrp/BusinessCd3524298
IRS990/ProgramServiceRevenueGrp/Desc0SPECIAL EVENTS
IRS990/ProgramServiceRevenueGrp/Desc1MEMBERSHIP DUES & ASSE
IRS990/ProgramServiceRevenueGrp/Desc2MANAGEMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc3INSURANCE/UTILITY COMM
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1121200
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt29401
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1121200
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt29401
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt31965
IRS990/ProgramServiceRevenueGrp/UnrelatedBusinessRevenueAmt01965
IRS990/ProgSrvcAccomActy2Grp/Desc0TANF SERVICES - UNDER CONTRACT WITH CATTARAUGUS COUNTY, AN ON-THE-JOB TRAINING PROGRAM IS OPERATED TO INCREASE THE SKILLS OF AREA RESIDENTS.
IRS990/ProgSrvcAccomActy3Grp/Desc0PROMOTION & MARKETING - THROUGH SPECIAL EVENTS AND ADVERTISING CAMPAIGNS, PURSUE ECONOMIC DEVELOPMENT AND REVITILIZATION IN THE OLEAN AREA.
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IRS990/PYGrantsAndSimilarPaidAmt06252
IRS990/PYInvestmentIncomeAmt018481
IRS990/PYOtherExpensesAmt0292309
IRS990/PYOtherRevenueAmt0-3095
IRS990/PYProgramServiceRevenueAmt0365639
IRS990/PYRevenuesLessExpensesAmt0-18595
IRS990/PYSalariesCompEmpBnftPaidAmt0217355
IRS990/PYTotalExpensesAmt0515916
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0497321
IRS990/ReconcilationRevenueExpnssAmt0-10556
IRS990/RegularMonitoringEnfrcInd00
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IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0712458
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0774507
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
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IRS990ScheduleC/AgreeCarryoverPriorYearInd00
IRS990ScheduleC/OnlyInHouseLobbyingInd01
IRS990ScheduleC/SubstantiallyAllDuesNondedInd00
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IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt076412
IRS990ScheduleD/ExpensesNotReportedAmt016449
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0486675
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0239581
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RIGHT-OF-USE ASSET, NET
IRS990ScheduleD/OtherExpensesIncludedAmt016449
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt06058
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt027804
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt033862
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0247798
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LEASE LIABILITY
IRS990ScheduleD/OtherRevenueAmt016449
IRS990ScheduleD/RevenueNotReportedAmt016449
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0476119
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE INTERNAL REVENUE SERVICE HAS CLASSIFIED THE GREATER OLEAN CHAMBER OF COMMERCE AS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 510(C)(6) OF THE UNITED STATES INTERNAL REVENUE CODE. IN ADDITION, THE GREATER OLEAN CHAMBER OF COMMERCE IS EXEMPT FROM NEW YORK STATE INCOME TAX. THE CHAMBER REPORTS UNRELATED BUSINESS ACTIVITY RELATED TO HEALTH INSURANCE ACTIVITIES AND ADVERTISING IN ITS DIRECTORY. WHILE THE CHAMBER BELIEVES THE METHODOLOGY AND ASSUMPTIONS RELATED TO THESE CALCUATIONS ARE APPROPRIATE, IT REALIZES THAT THEY WOULD LIKELY BE REVIEWED IF THE RETURNS WERE SELECTED FOR AUDIT EXAMINATION. TAX YEARS THAT REMAIN SUBJECT TO EXAMINATION BY TAXING AUTHORITIES INCLUDE 2020 AND LATER YEARS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LINE 10B DIRECT EXPENSES FROM PAGE 9 PART VIII 16,449.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LINE 10B DIRECT EXPENSES FROM PART VIII 16,449.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt06058
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0239581
IRS990ScheduleD/TotalExpensesPerForm990Amt0486675
IRS990ScheduleD/TotalLiabilityAmt0247798
IRS990ScheduleD/TotalRevenuePerForm990Amt0476119
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0492568
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0503124
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0LINE 11A EXPLANATION - A DRAFT OF THE ORGANIZATION'S FORM 990 WAS PROVIDED TO EACH MEMBER OF THE BOARD FOR THEIR REVIEW PRIOR TO ITS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION MAKES ITS GOVERNING DOCUMENT, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON THEIR REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2DURING THE YEAR ENDED DECEMBER 31, 2022, THE CHAMBER ADOPTED A POLICY THAT GIFT CERTIFICATES ISSUED PRIOR TO DECEMBER 31, 2017 WOULD EXPIRE EFFECTIVE DECEMBER 31, 2022 AND GIFT CERTIFICATES ISSUES SUBSEQUENT TO JANUARY 1, 2018 WILL HAVE A FIVE YEAR EXPERATION DATE.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART X, LINE 17
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0OLEAN BUSINESS DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0455371087
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0NY
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0ECONOMIC DEVELOPMENT
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0301 N UNION STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0OLEAN
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0NY
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IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00

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