{"success":true,"data":{"_id":341308327,"filings":[{"Organization":{"value":null,"Person":["ADELE ROTH","JOE DANCY","KEN BURNS","SAMUEL DESHAZIOR","ANNAL VYAS","JASON DODSON"],"Title":["Chairperson","Secretary","Treasurer","Trustee","Trustee","Trustee"],"Hours":[4.0,4.0,4.0,4.0,4.0,4.0],"Total Compensation":[0,0,0,0,0,0],"Direct compensation":[0,0,0,0,0,0],"Other compensation":[0,0,0,0,0,0]},"Basic":{"value":null,"mission":"The akron development corporation was organized to support economic development initiatives in the city of akron","year":2020,"name":"Akron Development Corporation SAME","phone":3303752133,"website":null,"type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"ADELE ROTH","year_formation":1979,"state_legal_domicile":"OH","total_volunteers":6,"tax_period_begin":"2020-01-01T00:00:00","tax_period_end":"2020-12-31T00:00:00","address":"166 South High Street Ste 202, Akron, OH, 443081628, USA","city":"Akron","state":"OH","country":"USA","zip_code":443081628},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":6,"Number of independent voting members":4,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":null,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":false,"Premiums Paid":false,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":4056032,"Contributions":{"value":3773585,"Other contributions":2773000,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":1000585},"Program revenue":{"value":272488,"Total revenue":{"value":272488,"HSED LLC Rent":246986,"Miscellaneous":25502},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":9959,"Investment income total":9959,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":0,"Other total":0,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":4230867,"Grant expense":{"value":0,"Grants to domestic orgs":0,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":4230867,"Management services":2916163,"Legal":7506,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":0,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":49996,"Travel":0,"Conferences and meetings":0,"Interest":81833,"Payments to affiliates":0,"Depreciation and depletion":368087,"Insurance":42282,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":765000,"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":4205950,"Management And General Expenses":24917,"Fundraising Expenses":0}},"Assets":{"value":6665818,"Non-interest bearing cash":213805,"Savings and temp cash investments":76762,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":0,"Land, building, equipment":5318387,"Investments publicly traded":0,"Investments other":1041820,"Investments program related":0,"Intangible assets":0,"Other assets":15044},"Liabilities":{"value":190000,"Sum of Total Liabilities":0,"Accounts payable, accrued":0,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":190000,"Other liabilities":0},"Fund balance":{"value":6475818,"Net assets without donor restriction":6475818,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.9941106633699428,"percentile":0.9131991492995416},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-0.04310493605573132,"percentile":0.2961795544399787},"Liabilities to Assets Ratio":{"score":0.028503628511909566,"percentile":0.4328404068609859},"Operating Reserve Ratio":{"score":1.575520572970032,"percentile":0.551999198101797},"Officer Compensation Ratio":{"score":null,"percentile":null},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":0.6666666666666666,"percentile":0.15937247719534797},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.617943184101122,"percentile":0.6570072732428696}},"source_xml":"202221439349300852_public.xml"},{"Organization":{"value":null,"Person":["JASON DODSON","JOE DANCY","KEN BURNS","ADELE ROTH","SEAN VOLLMAN","SUZIE GRAHAM-MOORE","ISAIAH YOUNG"],"Title":["PRESIDENT","SECRETARY","TREASURER","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE"],"Hours":[4.0,4.0,4.0,4.0,4.0,4.0,4.0],"Total Compensation":[0,0,0,0,54236,45955,10214],"Direct compensation":[0,0,0,0,0,0,0],"Other compensation":[0,0,0,0,54236,45955,10214]},"Basic":{"value":null,"mission":"Advances akron's tech economy through state-backed funding and its legacy with the akron global business accelerator.","year":2024,"name":"AKRON DEVELOPMENT CORPORATION","phone":3303752133,"website":null,"type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"JASON DODSON","year_formation":1979,"state_legal_domicile":"OH","total_volunteers":5,"tax_period_begin":"2024-01-01T00:00:00","tax_period_end":"2024-12-31T00:00:00","address":"166 SOUTH HIGH STREET 202, AKRON, OH, 443081628, USA","city":"AKRON","state":"OH","country":"USA","zip_code":443081628},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":7,"Number of independent voting members":5,"Number of employees total":0,"Total Gross UBI":-14445,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":489718,"Contributions":{"value":327981,"Other contributions":230000,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":52000,"Related organizations":45981},"Program revenue":{"value":203959,"Total revenue":203959,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":-21925,"Investment income total":5386,"Net investment gain":-27311,"Income from invest bond proceeds":0},"Other revenues":{"value":-20297,"Other total":-20297,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":481356,"Grant expense":{"value":49677,"Grants to domestic orgs":49677,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":431679,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":5000,"Advertising":0,"Office expenses":113,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":62605,"Payments to affiliates":0,"Depreciation and depletion":362898,"Insurance":863,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":200,"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":481270,"Management And General Expenses":86,"Fundraising Expenses":0}},"Assets":{"value":4658584,"Non-interest bearing cash":443049,"Savings and temp cash investments":9948,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":0,"Land, building, equipment":3866781,"Investments publicly traded":0,"Investments other":338806,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":1866000,"Sum of Total Liabilities":0,"Accounts payable, accrued":0,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":1866000,"Other liabilities":0},"Fund balance":{"value":2792584,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.9998213380533326,"percentile":0.9242979304455705},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.017075133035747102,"percentile":0.4445169533201581},"Liabilities to Assets Ratio":{"score":0.4005508970107655,"percentile":0.1645611184580316},"Operating Reserve Ratio":{"score":9.678042862247484,"percentile":0.8889461929943441},"Officer Compensation Ratio":{"score":0.2293624676954271,"percentile":0.2684304682627554},"Program Expense Growth":{"score":-0.6613040506931303,"percentile":0.020957565589061193},"Revenue Growth":{"score":-0.7024940405085983,"percentile":0.011690577238524227},"Asset Growth":{"score":-0.09675692175489137,"percentile":0.10696678027838188},"Independent Voting Board Pct":{"score":0.7142857142857143,"percentile":0.1656041307828256},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.4820228283354198,"percentile":0.27917861491809726}},"source_xml":"202543159349301829_public.xml"},{"Organization":{"value":null,"Person":["JASON DODSON","SAMUEL DESHAZIOR","JOE DANCY","KEN BURNS","CATHERINE BRECK","ANNAL VYAS","ADELE ROTH"],"Title":["PRESIDENT","VICE PRESIDENT","SECRETARY","TREASURER","FORMER PRESIDENT THRU APRIL 2023","TRUSTEE THRU MARCH 2023","TRUSTEE"],"Hours":[4.0,4.0,4.0,4.0,4.0,4.0,4.0],"Total Compensation":[0,51130,0,0,14772,0,0],"Direct compensation":[0,0,0,0,0,0,0],"Other compensation":[0,51130,0,0,14772,0,0]},"Basic":{"value":null,"mission":"The akron development corporation was organized to support economic development initiatives in the city of akron, particularly through a program with the former akron global business accelerator, and to secure state of ohio financing funding for technology-based businesses.","year":2023,"name":"AKRON DEVELOPMENT CORPORATION","phone":3303752133,"website":null,"type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"JASON DODSON","year_formation":1979,"state_legal_domicile":"OH","total_volunteers":4,"tax_period_begin":"2023-01-01T00:00:00","tax_period_end":"2023-12-31T00:00:00","address":"166 SOUTH HIGH STREET 202, AKRON, OH, 443081628, USA","city":"AKRON","state":"OH","country":"USA","zip_code":443081628},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":5,"Number of independent voting members":4,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":284160,"Contributions":{"value":149083,"Other contributions":61000,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":52000,"Related organizations":36083},"Program revenue":{"value":227302,"Total revenue":227302,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":-66776,"Investment income total":258,"Net investment gain":-67034,"Income from invest bond proceeds":0},"Other revenues":{"value":-25449,"Other total":-25449,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":552493,"Grant expense":{"value":37629,"Grants to domestic orgs":37629,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":514864,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":50000,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":67925,"Payments to affiliates":0,"Depreciation and depletion":362901,"Insurance":863,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":33175,"PROGRAM EXPENSES":32975,"OHIO CHARITABLE FILING":200},"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":552407,"Management And General Expenses":86,"Fundraising Expenses":0}},"Assets":{"value":4840222,"Non-interest bearing cash":267975,"Savings and temp cash investments":13475,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":0,"Land, building, equipment":4229680,"Investments publicly traded":0,"Investments other":329092,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":2056000,"Sum of Total Liabilities":0,"Accounts payable, accrued":0,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":2056000,"Other liabilities":0},"Fund balance":{"value":2784222,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.9998443419192642,"percentile":0.924367009578436},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-0.9443025056306307,"percentile":0.04363480879837462},"Liabilities to Assets Ratio":{"score":0.42477390499857237,"percentile":0.15685504553178867},"Operating Reserve Ratio":{"score":8.760693800645438,"percentile":0.8787601861584045},"Officer Compensation Ratio":{"score":0.11928114926342959,"percentile":0.49194865856559095},"Program Expense Growth":{"score":-0.7421785746129349,"percentile":0.016870593941221985},"Revenue Growth":{"score":-0.8269867335308975,"percentile":0.008099441998000476},"Asset Growth":{"score":-0.10916412006622113,"percentile":0.09724469395347742},"Independent Voting Board Pct":{"score":0.8,"percentile":0.1938826265975589},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.4275380017117995,"percentile":0.16854348956869905}},"source_xml":"202412819349301946_public.xml"},{"Organization":{"value":null,"Person":["CATHERINE BRECK","SAMUEL DESHAZIOR","JOE DANCY","KEN BURNS","ADELE ROTH","ANNAL VYAS","JASON DODSON"],"Title":["PRESIDENT","VICE PRESIDENT","SECRETARY","TREASURER","FORMER PRESIDENT","TRUSTEE","TRUSTEE"],"Hours":[4.0,4.0,4.0,4.0,4.0,4.0,4.0],"Total Compensation":[23208,23208,0,0,0,0,0],"Direct compensation":[0,0,0,0,0,0,0],"Other compensation":[23208,23208,0,0,0,0,0]},"Basic":{"value":null,"mission":"The akron development corporation was organized to support economic development initiatives in the city of akron, particularly through a program with the former akron global business accelerator, and to secure state of ohio financing funding for technology-based businesses.","year":2022,"name":"AKRON DEVELOPMENT CORPORATION","phone":3303752133,"website":null,"type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"SAMUEL DESHAZIOR","year_formation":1979,"state_legal_domicile":"OH","total_volunteers":4,"tax_period_begin":"2022-01-01T00:00:00","tax_period_end":"2022-12-31T00:00:00","address":"166 SOUTH HIGH STREET 202, AKRON, OH, 443081628, USA","city":"AKRON","state":"OH","country":"USA","zip_code":443081628},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":6,"Number of independent voting members":4,"Number of employees total":0,"Total Gross UBI":0,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":492572,"Contributions":{"value":272898,"Other contributions":238000,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":0,"Related organizations":34898},"Program revenue":{"value":249395,"Total revenue":{"value":249395,"HSED LLC RENT":248558,"MISCELLANEOUS INCOME":837},"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":27,"Investment income total":27,"Net investment gain":0,"Income from invest bond proceeds":0},"Other revenues":{"value":-29748,"Other total":-29748,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":524420,"Grant expense":{"value":36060,"Grants to domestic orgs":36060,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":488360,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":50000,"Advertising":0,"Office expenses":0,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":72580,"Payments to affiliates":0,"Depreciation and depletion":362901,"Insurance":637,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":{"value":2242,"MISCELLANEOUS EXPENSE":2042,"OHIO CHARITABLE FILING":200},"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":524152,"Management And General Expenses":268,"Fundraising Expenses":0}},"Assets":{"value":5370661,"Non-interest bearing cash":327749,"Savings and temp cash investments":28984,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":0,"Land, building, equipment":4592581,"Investments publicly traded":0,"Investments other":421347,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":2298000,"Sum of Total Liabilities":0,"Accounts payable, accrued":0,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":2298000,"Other liabilities":0},"Fund balance":{"value":3072661,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.9994889592311506,"percentile":0.9234371601427501},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":-0.06465653752141819,"percentile":0.2642341184332621},"Liabilities to Assets Ratio":{"score":0.4278802925747873,"percentile":0.15590622762125286},"Operating Reserve Ratio":{"score":10.241144502497997,"percentile":0.8943771940797763},"Officer Compensation Ratio":{"score":0.08850921017505053,"percentile":0.5922076513994551},"Program Expense Growth":{"score":null,"percentile":null},"Revenue Growth":{"score":null,"percentile":null},"Asset Growth":{"score":null,"percentile":null},"Independent Voting Board Pct":{"score":0.6666666666666666,"percentile":0.15937247719534797},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.6175746788945903,"percentile":0.6559893512156969}},"source_xml":"202333139349304358_public.xml"}],"Latest":{"Organization":{"value":null,"Person":["JASON DODSON","JOE DANCY","KEN BURNS","ADELE ROTH","SEAN VOLLMAN","SUZIE GRAHAM-MOORE","ISAIAH YOUNG"],"Title":["PRESIDENT","SECRETARY","TREASURER","TRUSTEE","TRUSTEE","TRUSTEE","TRUSTEE"],"Hours":[4.0,4.0,4.0,4.0,4.0,4.0,4.0],"Total Compensation":[0,0,0,0,54236,45955,10214],"Direct compensation":[0,0,0,0,0,0,0],"Other compensation":[0,0,0,0,54236,45955,10214]},"Basic":{"value":null,"mission":"Advances akron's tech economy through state-backed funding and its legacy with the akron global business accelerator.","year":2024,"name":"AKRON DEVELOPMENT CORPORATION","phone":3303752133,"website":null,"type":"990","affiliation":null,"foreign_countries":null,"principal_officer":"JASON DODSON","year_formation":1979,"state_legal_domicile":"OH","total_volunteers":5,"tax_period_begin":"2024-01-01T00:00:00","tax_period_end":"2024-12-31T00:00:00","address":"166 SOUTH HIGH STREET 202, AKRON, OH, 443081628, USA","city":"AKRON","state":"OH","country":"USA","zip_code":443081628},"Governance":{"value":null,"501c3 determination":true,"501c determination":false,"Number of voting members":7,"Number of independent voting members":5,"Number of employees total":0,"Total Gross UBI":-14445,"Net unrelated business taxable income":0,"Number of employees":0,"Prohibited tax shelter transactions":true,"Taxable party notification":true,"Funds to pay premiums":true,"Premiums Paid":true,"Family or business relationship":true,"Delegation of management duties":true,"Conflict of interest policy":true,"Whistle blower policy":true,"Compensation process for CEO":true,"Compensation process for other employees":true,"Changes to organizing documents":true,"Material diversion or misuse":true,"Members or stockholders":true,"Election of board members":true,"Decisions subject to approval":true,"Minutes of governing body":true,"Local chapters":true,"Form 990 provided to governing body":true,"Document retention policy":true,"Investment in joint venture":true,"Independent audit financial statements":true,"Consolidated audit financial statements":true,"Accountant compile or review":true,"Political activities":true,"Donor advised funds":true,"Conservation easements":true,"Collections of art":true,"School":true,"Hospital":true,"Foreign activities":true,"Foreign office":true,"Gaming":true,"Fundraising activities":true,"Professional fundraising":true,"Loan to officer or DQP":true,"Grant to related person":true,"Business relationship through family member":true,"Business relationship with organization":true},"Revenues":{"value":489718,"Contributions":{"value":327981,"Other contributions":230000,"Contributions from gifts and grants":0,"Fundraising revenue":0,"Dues":0,"Campaigns":0,"Grant revenue":52000,"Related organizations":45981},"Program revenue":{"value":203959,"Total revenue":203959,"Total other revenue":0,"Unrelated business revenue":0},"Investment income":{"value":-21925,"Investment income total":5386,"Net investment gain":-27311,"Income from invest bond proceeds":0},"Other revenues":{"value":-20297,"Other total":-20297,"Royalties revenue":0,"Net rental income":0,"Net income from fundraising events":0,"Net income from gaming":0,"Net income":0,"Gross profit from sales of inventory":0,"Gain from sale of assets":0}},"Expenses":{"value":481356,"Grant expense":{"value":49677,"Grants to domestic orgs":49677,"Grants to domestic individuals":0,"Grants and similar":0,"Foreign grants":0},"Total professional fundraising expense":{"value":0,"Fundraising professional":0,"Fees to independent contractors":0},"Benefits paid to members":{"value":0,"Benefits paid to members Total":0},"Salaries":{"value":0,"Current officers":0,"Disqualified persons":0,"Other salaries and wages":0,"Pension plan contributions":0,"Other employee benefits":0,"Payroll taxes":0},"Other expenses":{"value":431679,"Management services":0,"Legal":0,"Accounting":0,"Lobbying services":0,"Investment management fees":0,"Other services":5000,"Advertising":0,"Office expenses":113,"Information technology":0,"Royalties":0,"Occupancy":0,"Travel":0,"Conferences and meetings":0,"Interest":62605,"Payments to affiliates":0,"Depreciation and depletion":362898,"Insurance":863,"Travel entertainment public officials":0,"Travel entertainment payments":0,"Printing, publications, postage":0,"Itemized Expenses":200,"All other expenses":0},"Functional Expenses":{"value":null,"Program Service Expenses":481270,"Management And General Expenses":86,"Fundraising Expenses":0}},"Assets":{"value":4658584,"Non-interest bearing cash":443049,"Savings and temp cash investments":9948,"Pledges and grants receivable":0,"Accounts receivable":0,"Receivables from officers":0,"Receivables from disqual persons":0,"Other net note and loans":0,"Inventories for sale or use":0,"Prepaid expenses deferred charges":0,"Land, building, equipment":3866781,"Investments publicly traded":0,"Investments other":338806,"Investments program related":0,"Intangible assets":0,"Other assets":0},"Liabilities":{"value":1866000,"Sum of Total Liabilities":0,"Accounts payable, accrued":0,"Grants payable":0,"Deferred, revenue":0,"Tax exempt bond liabilities":0,"Escrow account liability":0,"Loans from officers, directors":0,"Secured mortgages and notes payable":0,"Unsecured notes loans payable":1866000,"Other liabilities":0},"Fund balance":{"value":2792584,"Net assets without donor restriction":0,"Net assets with donor restriction":0,"Unrestricted net assets":0,"Temporarily restricted net assets":0,"Permanently restricted net assets":0},"Ratings":{"Program Expense Ratio":{"score":0.9998213380533326,"percentile":0.9242979304455705},"Fundraising Efficiency":{"score":null,"percentile":null},"Operating Margin":{"score":0.017075133035747102,"percentile":0.4445169533201581},"Liabilities to Assets Ratio":{"score":0.4005508970107655,"percentile":0.1645611184580316},"Operating Reserve Ratio":{"score":9.678042862247484,"percentile":0.8889461929943441},"Officer Compensation Ratio":{"score":0.2293624676954271,"percentile":0.2684304682627554},"Program Expense Growth":{"score":-0.6613040506931303,"percentile":0.020957565589061193},"Revenue Growth":{"score":-0.7024940405085983,"percentile":0.011690577238524227},"Asset Growth":{"score":-0.09675692175489137,"percentile":0.10696678027838188},"Independent Voting Board Pct":{"score":0.7142857142857143,"percentile":0.1656041307828256},"Governance Policy Score":{"score":6.0,"percentile":1.0},"Overall Score":{"score":0.4820228283354198,"percentile":0.27917861491809726}},"source_xml":"202543159349301829_public.xml"},"sector":"Public, Societal Benefit","donation_categories":[],"zakat_policy":null},"error":null}