2025-11-11T10:03:22-06:00 2024-12-31 410746749 CLIFTONLARSONALLEN LLP 4334 MUNSON STREET SUITE 200 CANTON OH 44718 990 2024-01-01 341308327 AKRON DEVELOPMENT CORPORATION AKRO 3303752133 166 SOUTH HIGH STREET 202 AKRON OH 443081628 JASON DODSON PRESIDENT 3303752133 2025-11-10 1 1 JENNIFER COLEMAN P00743188 3304972000 2025-11-10 2024 2025-03-06 01:10:19Z JASON DODSON 166 SOUTH HIGH STREET 202 AKRON OH 443081628 517029 0 X N/A X 1979 OH ADVANCES AKRON'S TECH ECONOMY THROUGH STATE-BACKED FUNDING AND ITS LEGACY WITH THE AKRON GLOBAL BUSINESS ACCELERATOR. 7 5 0 5 -14445 0 149083 327981 227302 203959 -66776 -21925 -25449 -20297 284160 489718 37629 49677 0 0 0 0 0 0 0 514864 431679 552493 481356 -268333 8362 4840222 4658584 2056000 1866000 2784222 2792584 X 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.) 0 0 481270 49677 203959 THE AKRON DEVELOPMENT CORPORATION CHAMPIONS ECONOMIC REVITALIZATION IN THE CITY OF AKRON BY SUPPORTING TECHNOLOGY-DRIVEN ENTERPRISES AND ENTREPRENEURIAL GROWTH. ROOTED IN ITS LEGACY WITH THE AKRON GLOBAL BUSINESS ACCELERATOR, THE CORPORATION HAS PLAYED A PIVOTAL ROLE IN SECURING STATE OF OHIO FINANCING FOR EMERGING BUSINESSES, FOSTERING INNOVATION, AND CULTIVATING A RESILIENT LOCAL ECONOMY. ITS ENDURING IMPACT CONTINUES TO SHAPE AKRON'S FUTURE BY EMPOWERING STARTUPS, CREATING JOBS, AND ADVANCING INCLUSIVE DEVELOPMENT ACROSS THE REGION. 481270 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 3 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 7 5 1 0 0 0 0 0 0 1 0 0 0 1 1 1 1 0 1 0 0 0 OH X SEAN VOLLMAN 3303752133 166 S HIGH STREET ROOM 202 AKRON OH 44308 JASON DODSON PRESIDENT 4.00 40.00 X X 0 0 0 JOE DANCY SECRETARY 4.00 40.00 X X 0 0 0 KEN BURNS TREASURER 4.00 0.00 X X 0 0 0 ADELE ROTH TRUSTEE 4.00 0.00 X 0 0 0 SEAN VOLLMAN TRUSTEE 4.00 0.00 X 0 167322 54236 SUZIE GRAHAM-MOORE TRUSTEE 4.00 0.00 X 0 142303 45955 ISAIAH YOUNG TRUSTEE 4.00 0.00 X 0 30716 10214 0 340341 110405 2 0 1 0 0 45981 52000 230000 327981 HSED LLC RENT 531120 203959 203959 203959 5386 5386 27311 -27311 -27311 -27311 OTHER REVENUE 900099 33 33 PASSIVE INVESTMENT INC 900001 -20330 -14445 -5885 -20297 489718 203959 -14445 -27777 49677 49677 5000 5000 113 113 62605 62605 362898 362898 863 777 86 OHIO CHARITABLE FILING 200 200 481356 481270 86 0 267975 443049 13475 9948 7656468 3789687 4229680 3866781 329092 338806 4840222 4658584 2056000 1866000 2056000 1866000 X 0 0 0 0 2784222 2792584 2784222 2792584 4840222 4658584 8362 0 X 0 0 0 X X X 1 CITY OF AKRON 346000020 6 1 481270 0 1 481270 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 82099 82099 5450211 1741040 3709171 84864 84864 0 1361524 1305777 55747 677770 658006 19764 3866781 INVESTMENT IN POLYFLOW, LLC -7563 F INVESTMENT IN AKRON FUSION VENTURES 346369 F 338806 1 KEEP AKRON BEAUTIFUL 850 EAST MARKET STREET AKRON OH 44305 341341298 501(C)(3) 6469 0 GREAT STREETS INITIATIVE CITY OF AKRON 166 S HIGH ST ROOM 202 MUNICIPAL BLDG AKRON OH 44308 GOV 39008 0 PUBLIC ARTS COMMISSION AND LOCK 3 1 1 PART I, LINE 2: AKRON DEVELOPMENT CORPORATION PROVIDES GRANTS TO THE CITY OF AKRON, A RELATED ORGANIZATION, FOR THE PURPOSE OF CARRYING OUT THE PROGRAMS OF THE CITY. THE ORGANIZATION ALSO PROVIDES GRANTS TO OTHER ENTITIES THAT HAVE THE SAME MISSION AS THE CITY OF AKRON. 0 0 0 0 0 0 0 0 0 SEAN VOLLMAN TRUSTEE 0 167322 0 0 0 0 0 23096 0 31140 0 221558 0 0 SUZIE GRAHAM-MOORE TRUSTEE 0 142303 0 0 0 0 0 20187 0 25768 0 188258 0 0 FORM 990, PART VI, SECTION A, LINE 2 TWO CURRENT OFFICERS ARE CURRENT EMPLOYEES OF THE CITY OF AKRON, THE SUPPORTING ORGANIZATION. FORM 990, PART VI, SECTION A, LINE 8B SINCE THE SECRETARY IS OBLIGATED TO CREATE MINUTES AFTER THE MEETING, IT MADE SENSE TO TAPE THE MEETINGS AS THEY WERE BEING CONDUCTED. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED BY THE PRESIDENT OF THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN OUTSIDE ACCOUNTING FIRM AND REVIEWED BY THE PRESIDENT OF THE BOARD PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C EACH TRUSTEE, OFFICER, AND MEMBER OF A COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT AFFIRMING THAT THEY HAVE RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY; HAVE READ AND UNDERSTOOD THE POLICY; HAVE AGREED TO COMPLY WITH THE POLICY; UNDERSTAND THE ORGANIZATION IS CHARITABLE; AND, IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES THAT ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. IF AT ANY TIME DURING THE YEAR A CONFLICT OF INTEREST ARISES, THE INTERESTED PERSON MUST DISCLOSE THE EXISTENCE OF THE FINANCIAL INTEREST TO THE DIRECTORS AND MEMBERS OF THE COMMITTEES WITH GOVERNING BOARD DELEGATED POWERS. THE INTERESTED PERSON WILL THEN BE GIVEN THE OPPORTUNITY TO DISCLOSE ALL MATERIAL FACTS FOR CONSIDERATION OF THE PROPOSED TRANSACTION OR ARRANGEMENT. AFTER THE DISCLOSURE, THE GOVERNING BOARDWITHOUT THE PRESENCE OF THE INTERESTED PERSONSHALL DETERMINE IF A CONFLICT OF INTEREST EXISTS. FORM 990, PART VI, SECTION C, LINE 19 THE AKRON DEVELOPMENT CORPORATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. HIGHLAND SQUARE ECONOMIC DEVELOPMENT LLC 166 S HIGH STREET ROOM 202 MUNICIPA AKRON OH 443081628 RAISE $ TO DEVEL HIGHLAND SQ. OH 249941 3876730 AKRON DEV CORP CITY OF AKRON OH 166 S HIGH ST ROOM 202 MUNICIPAL BL AKRON OH 443081628 GOVERNMENT ENTITY OH N/A 0 0 0 1 0 1 0 0 0 0 0 0 0 0 1 1 0 0 0 0