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.)
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.7M
-3.8% YoY
Annual Giving
$45K
+156.8% YoY
Grant Count
2
+100.0% YoY
Avg Grant Size
$23K
+28.4% YoY
About Akron Development Corporation
Based on IRS filings
Akron Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in AKRON, OH. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $4.7M in total assets. In 2024, it awarded 2 grants totaling $45K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,658,584 | $4,840,222 | $5,370,661 |
| Revenue | $489,718 | $284,160 | $492,572 |
| Expenses | $481,356 | $552,493 | $524,420 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $-21,925 | $-66,776 | $27 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 2 recipients in 2024
Grant Size Distribution
7 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| JASON DODSON | PRESIDENT | 4 | — |
| JOE DANCY | SECRETARY | 4 | — |
| KEN BURNS | TREASURER | 4 | — |
| ADELE ROTH | TRUSTEE | 4 | — |
| SEAN VOLLMAN | TRUSTEE | 4 | — |
| SUZIE GRAHAM-MOORE | TRUSTEE | 4 | — |
| ISAIAH YOUNG | TRUSTEE | 4 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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