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OLEAN BUSINESS DEVELOPMENT CORPORATION

EIN 45-5371087 OLEAN, NY

Revenue 2025
$1,407,964
Expenses 2025
$1,003,914

Program services were 82.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

As filed

Subsection
03
NTEE code
S20
Classification
1000
Street
301 NORTH UNION STREET

These codes are the IRS's own and are shown exactly as filed. What each one means is in the Business Master File documentation (opens in a new tab).

Mission and programs · 2025

Mission

To benefit youth through mentoring and skills development; to benefit families by creating a connection to community leaders, resources, and service opportunities; to benefit small businesses by providing training, coaching, resource connections, networking, and collaboration; and to benefit the community by retention of youth, supporting the development of a better prepared labor force, encouraging stronger businesses, and improving regional economic conditions.

  • To benefit youth through mentoring and skills development; to benefit families by creating a connection to community leaders, resources, and service opportunities; to benefit small businesses by providing training, coaching, resource connections, networking, and collaboration; and to benefit the community by retention of youth, supporting the development of a better prepared labor force, encouraging stronger businesses, and improving regional economic conditions.

    Expenses $822,846 · Grants $198,796 · Revenue $1,407,964

As filed on the 2025 return.

Officers and directors · 2025

As listed in Part VII of the 2025 return, in the order the filer printed them. Each return names its own; this is not a roster the organization keeps with us.

  • BOB FORNESS

    PRESIDENT/CEO

    Total calculated
    $114,893
    From this org
    $112,219
    From related orgs
    $0
    Other
    $2,674
    Hours/week
    40

  • MICHAEL FISCHER

    Finance Chair

    Total calculated
    $0
    Hours/week
    1

  • MICHAEL SMITH

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • DANIEL DEMARTE

    Secretary

    Total calculated
    $0
    Hours/week
    1

  • BRENT DRISCOLL

    Director

    Total calculated
    $0
    Hours/week
    1

  • COREY WIKTOR

    Director

    Total calculated
    $0
    Hours/week
    1

  • KIRK WINDUS

    Director

    Total calculated
    $0
    Hours/week
    1

  • MATRECIA JAMES

    Director

    Total calculated
    $0
    Hours/week
    1

  • JAMES E STITT

    Past Chair

    Total calculated
    $0
    Hours/week
    1

  • STEVE MCCLAIN

    Chair

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. Earlier years are each on their own filing page.

Filings

  • 2025
    Revenue
    $1,407,964
    Expenses
    $1,003,914
    Contributions
    $1,214,054
    Grants paid
    $198,796
  • 2025
    Revenue
    $1,407,964
    Expenses
    $1,003,914
    Contributions
    $1,214,054
    Grants paid
    $198,796
  • 2024
    Revenue
    $1,752,532
    Expenses
    $919,728
    Contributions
    $1,408,862
    Grants paid
    $75,164
  • 2023
    Revenue
    $925,080
    Expenses
    $834,237
    Contributions
    $649,534
    Grants paid
    $140,228
  • 2022
    Revenue
    $709,773
    Expenses
    $815,835
    Contributions
    $510,995
    Grants paid
    $349,723

The four totals the IRS asks for on Part I of the Form 990, as filed. A dash means the figure was not present on the return — not that it was zero.

Other returns filed

  • 2021 · 990

    Revenue
    $499,620
    Expenses
    $341,386
    Assets (EOY)
    $1,902,114

  • 2020 · 990

    Revenue
    $608,955
    Expenses
    $219,272
    Assets (EOY)
    $1,873,120

  • 2019 · 990

    Revenue
    $377,947
    Expenses
    $396,087
    Assets (EOY)
    $1,542,324

  • 2018 · 990

    Revenue
    $287,654
    Expenses
    $296,400
    Assets (EOY)
    $1,588,198

  • 2017 · 990

    Revenue
    $569,162
    Expenses
    $307,583
    Assets (EOY)
    $1,904,745

  • 2016 · 990

    Revenue
    $777,177
    Expenses
    $257,117
    Assets (EOY)
    $1,624,054

  • 2014 · 990-EZ

    Revenue
    $45,361
    Expenses
    $38,550
    Assets (EOY)
    $12,861

Nonprofiteer parses Forms 990, 990-EZ and 990-PF, in a window of recent tax years. These returns are recorded from the IRS e-file index, so their figures were extracted by that index rather than read from the return here — treat them as a different source from the filings above, not as more of the same record. A dash means the index carries no figure; Form 990-T listings carry none at all.

Grants made

Where these grants went next →

Grants received

Related organizations

From Schedule R Part II, where a filer lists the tax-exempt organizations it is related to by control. It does not record shared board members or money.

Declared on its 2025 return

Declared as related by

Taxable family

From Schedule R Parts I, III and IV: entities that legally are the filer, and taxable partnerships, corporations and trusts it is related to. These record ownership and control, not shared board members or money.

Disregarded entities on its 2025 return

Other IRS files

Auto-Revocation List

Not listed. The IRS publishes this list for organizations whose exemption was automatically revoked for failing to file for three consecutive years.

Publication 78

Listed as of 13 October 2026, under deductibility PC.

These are two separate IRS files on two separate schedules, shown as published and not reconciled with each other. Neither is a statement about whether a contribution is deductible today: 19,245 organizations appear in Publication 78 while the IRS's own revocation file lists them as currently revoked, more than half of those revoked before 2019. Absence from Publication 78 is evidence of nothing, and presence is not evidence either. Verify current status with the IRS before relying on it.

What this page reflects

The registration facts above come from the IRS Business Master File published 13 October 2026 and read 26 October 2026, for every organization at once. Returns through tax year 2025, the newest we have parsed for this organization.