Public Charity

AKRON DEVELOPMENT CORPORATION

AKRON DEVELOPMENT CORPORATION is a nonprofit organization categorized as Public Charity based in AKRON, OH. Its most recent IRS filing (2024) reports revenue of $490K, expenses of $481K, total assets of $4.7M. Imperigo tracks 14 reported grant relationships connected to this organization totaling approximately $2.6M.

EIN: 341308327 AKRON, OH Latest filing: 2024

Total Revenue$490K

Total Expenses$481K

Total Assets$4.7M

Grant Records14

Funding Total$2.6M

Filing Years2020–2024

Mission

THE AKRON DEVELOPMENT CORPORATION WAS ORGANIZED TO SUPPORT ECONOMIC DEVELOPMENT INITIATIVES IN THE CITY OF AKRON, PARTICULARLY THROUGH THE FORMER AKRON GLOBAL BUSINESS ACCELERATOR AND TO SECURE STATE OF OHIO FUNDING FOR TECHNOLOGY-BASED BUSINESSES. (THE FORMER AKRON GLOBAL BUSINESS ACCELERATOR SPUN OFF FROM THE CITY OF AKRON AND IS NOW AN INDEPENDENT ENTITY KNOWN AS THE BOUNCE INNOVATION HUB, WHICH COMMENCED OPERATIONS ON JANUARY 1, 2018.)

Sample Grants Received

FIDELITY INVESTMENTS CHARITABLE GIFT FUND

2024

For grant recipient's exempt purposes

$50,000

AKRON COMMUNITY FOUNDATION

2024

TO PROVIDE THE FUNDS FOR THE PURCHASE FOR NEW ICE SKATES AND ASSOCIATED EQUIPMENT FOR LOCK 3

$22,500

AKRON COMMUNITY FOUNDATION

2023

SCHOLARSHIP/BIRD, JACKSON T ID#:A01237019

$10,000

AKRON COMMUNITY FOUNDATION

2022

TO CONTINUE TO INCREASE THE VIBRANCY OF TARGETED BUSINESS DISTRICTS WITHIN THE CITY OF AKRON

$70,000

AKRON COMMUNITY FOUNDATION

2021

TO SUPPORT GREAT STREETS AKRON TO CONTINUE TO INCREASE THE VIBRANCY OF TARGETED BUSINESS DISTRICTS WITHIN THE CITY OF AKRON

$47,500

Showing up to 5 of 14 total records — full history available with membership.

Officers & Directors

TRUSTEE Adele Roth

TRUSTEE Isaiah Young

PRESIDENT Jason Dodson

SECRETARY Joe Dancy

TREASURER Ken Burns

TRUSTEE Sean Vollman

Officer compensation and complete director data available with membership.

Top Grant Purposes

HUMAN SERVICES

$1,765,000 2 grants

TO SUPPORT ALTERNATIVE CITY OF AKRON RECREATION AND ENTERTAINMENT PROGRAMS DURING COVID-19

$375,500 1 grant

TO IMPLEMENT RECOMMENDATIONS FROM THE BLUE RIBBON REPORT THAT INCLUDES HIRING A HIGH-LEVEL LEADER TO MANAGE STRATEGY, ESTABLISHING THE AKRON GROWTH COUNCIL

$108,616 1 grant

JOB PREPARATION

$80,794 1 grant

TO CONTINUE TO INCREASE THE VIBRANCY OF TARGETED BUSINESS DISTRICTS WITHIN THE CITY OF AKRON

$70,000 1 grant

Financial Trends

Year	Revenue	Expenses	Assets
2024	$490K	$481K	$4.7M
2023	$284K	$552K	$4.8M
2022	$493K	$524K	$5.4M
2020	$4.1M	$4.2M	$6.7M

Between 2020 and 2024, reported annual revenue declined from $4.1M to $490K (-88%), with total assets most recently reported at $4.7M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for AKRON DEVELOPMENT CORPORATION

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