Liabilities / Assets
64th percentile
Tied with the lowest-debt nonprofits in its peer group.
Olean Local Development Corporation
EIN 26-2740849 • 501(c)3 • Olean, NY
Profile
The redevelopment of Bradner Stadium as a multi-sport, multi-recreational event center as well as the development of other community based projects by using a public/private partnership model to promote economic development to benefit the Olean and surrounding area. Development of community based projects using public/private partnership model to promote economic development to benefit the City of Olean and surrounding area. Promote redevelopment, revitalization and reuse of Bradner Stadium as a multi-use recreational/cultural facility.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.00x
Liabilities / Revenue
66th percentile
Tied with the lowest-debt nonprofits in its peer group.
Net Margin
92nd percentile
Higher net margin than 92% of similar nonprofits.
Top Officer Pay
85th percentile
Higher top officer pay than 85% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
47th percentile
Faster asset growth than 47% of similar nonprofits.
Revenue Growth
53rd percentile
Faster revenue growth than 53% of similar nonprofits.
Balance Sheet
Assets
Down$179,052
Down $2,383 (-1.3%) from 2024
Liabilities
Down$0
Down $1,700 (-100%) from 2024
Net Assets
Down$179,052
Down $683 (-0.4%) from 2024
Revenue
Up$43,811
Up $842 (+2.0%) from 2024
Expenses
Down$6,416
Down $21,456 (-77%) from 2024
Net Income
Up$37,395
Up $22,298 (+148%) from 2024
Trend Graphs
Filings
Most recent year
2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $179,052
- Liabilities
- $0
- Net assets
- $179,052
- Revenue
- $43,811
- Expenses
- $6,416
- Net income
- $37,395
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jun 1, 2024 to May 31, 2025
- Signed
- Aug 12, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $43,811
Mission and Program Overview
Mission
The redevelopment of Bradner Stadium as a multi sport, multi recreational event center as well as the development of other community based projects by using a public private partnership model to promote economic development to benefit the Olean and surrounding area.
The redevelopment of Bradner Stadium as a multi-sport, multi-recreational event center as well as the development of other community based projects by using a public/private partnership model to promote economic development to benefit the Olean and surrounding area. Development of community based projects using public/private partnership model to promote economic development to benefit the City of Olean and surrounding area. Promote redevelopment, revitalization and reuse of Bradner Stadium as a multi-use recreational/cultural facility.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| The purpose of the audit committee shall be to (1) assure that the authority's board fulfills its responsibilities for the authority's internal and external audit process, the financial reporting process and the system of risk assessment and internal controls over financial reporting; and (2) provide an avenue of communication between management, the independent auditors, the internal auditors, and the board of directors | $0 | $0 |
| The purpose of the audit committee shall be to (1) assure that the authority's board fulfills its responsibilities for the authority's internal and external audit process, the financial reporting process and the system of risk assessment and internal controls over financial reporting; and (2) provide an avenue of communication between management, the independent auditors, the internal auditors, and the board of directors | $0 | $0 |
| The purpose of the audit committee shall be to (1) assure that the authority's board fulfills its responsibilities for the authority's internal and external audit process, the financial reporting process and the system of risk assessment and internal controls over financial reporting; and (2) provide an avenue of communication between management, the independent auditors, the internal auditors, and the board of directors | $0 | $0 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JAMES SPRAGUE | Secretary | - | $0 | - | - |
| COLLEEN TAGGERTY | President | - | $0 | - | - |
| MEME YANETSKO | Treasurer | - | $0 | - | - |
| GENELLE MORRIS | Oscd Superintendent | - | $0 | - | - |
| JOHN CRAWFORD | Council President | - | $0 | - | - |
| WILLIAM AIELLO | Mayor | - | $0 | - | - |
| LENS MARTIAL | City Auditor | - | $0 | - | - |
| KERI KERPER | Cd Program Coordinator | - | $0 | - | - |
| DAVID CARUCCI | Member | - | $0 | - | - |
Filing and Contact Details
Filer
- Filer Name
- Olean Local Development Corporation
- EIN
- 26-2740849
- Phone
- 7163765613
- Address
- 101 E STATE STREET, OLEAN, NY 14760
Signing Officer
- Name
- Lens Martial
- Title
- City Auditor
- Phone
- 7163765613
- Signed
- 2025-08-12
Supplemental Narrative
Additional Explanations
Form 990-EZ, Part I, Line 16
“Miscellaneous expenses donations”
Form 990-EZ, Part I, Line 20
“CHANGE IN NET ASSETS”
Form 990-EZ, Part II, Line 24
“Note receivable long term”
Raw XML Appendix175 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.
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| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
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| ReturnHeader/ReturnTs | 0 | 2025-08-13T11:23:50-07:00 |
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| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-06-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-05-31 |
| ReturnHeader/TaxYr | 0 | 2024 |
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