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
Among its reported 2024 grants, the largest include City of Akron ($39,008), Keep Akron Beautiful ($6,469).
| Recipient | Purpose | Amount |
|---|---|---|
| KEEP AKRON BEAUTIFUL AKRON, OH | GREAT STREETS INITIATIVE | $6,469 |
| CITY OF AKRON AKRON, OH | PUBLIC ARTS COMMISSION AND LOCK 3 | $39,008 |
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
Frequently Asked Questions
What is Akron Development Corporation?
Akron Development Corporation is a nonprofit organization focused on Community Improvement & Capacity Building, based in AKRON, OH. It holds $4.7M in total assets as of 2024.
How large is Akron Development Corporation?
As of 2024, Akron Development Corporation holds $4.7M in total assets with $490K in annual revenue. It awarded 2 grants totaling $45K in 2024.
Where does Akron Development Corporation operate?
Akron Development Corporation has awarded grants in Ohio.
What size grants does Akron Development Corporation award?
In 2024, Akron Development Corporation awarded 2 grants totaling $45K — an average of about $23K per grant, based on its IRS Form 990 filings.
What is Akron Development Corporation's EIN?
Akron Development Corporation's EIN (Employer Identification Number) is 34-1308327. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in Akron Development Corporation's focus areas in our free grants database
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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