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Nonprofit · EIN 16-1450163

GREATER OLEAN INC

Tax-exempt · OLEAN, NY 14760

Financials

$476K$487K2024
Revenue Expenses · by fiscal year end
Financials of GREATER OLEAN INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$476,119$486,675-$10,556$1,184,015$752,351$431,664
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$124,263
of which government grants
$124,263
Program service revenue
$307,510
Investment income
$30,442
Net income from sales of inventory
$13,904
Other revenue
$13,904

Expenses

Grants and similar amounts paid
$46
Compensation of officers, directors and key employees
$40,605
Other salaries and wages
$80,692
Salaries, compensation and benefits (total)
$161,667
Professional fundraising fees
$0
Accounting fees
$23,729
Occupancy
$24,000
Travel
$60
Depreciation
$886

Balance sheet and other

Total assets, start of year
$1,268,664
Total assets, end of year
$1,184,015
Total liabilities, end of year
$752,351
Net assets, end of year
$431,664
Land, buildings and equipment
$6,058
Net assets without donor restrictions
$431,664
Gross unrelated business income
$1,965
Gross receipts
$492,568
Employees
8
Volunteers
0
Year formed
1906
State of legal domicile
NY

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
CHRISTINE PECHERZEWSKIEXECUTIVE DIRECTOR
Trustee or director
35$30,751
MEME YANETSKOCOO (FORMER)
Officer
35$9,854
PAULA BERNSTEINDIRECTOR
Trustee or director
1$0
RICHARD YAEGERTREASURER
Trustee or director, Officer
1$0
GENELLE MORRISDIRECTOR
Trustee or director
1$0
ROB DEFAZIODIRECTOR
Trustee or director
1$0
TERRY BRAIRTONDIRECTOR
Trustee or director
1$0
PAULA SNYDERDIRECTOR
Trustee or director
1$0
TIM SMITHSECRETARY
Trustee or director, Officer
1$0
WILLIAM AIELLODIRECTOR
Trustee or director
1$0
SHAVONNE HENDERSONPRESIDENT
Trustee or director, Officer
1$0
ANDREW CAYAVICE PRESIDENT
Trustee or director, Officer
1$0
KELLY PATRONEDIRECTOR
Trustee or director
1$0
STEVE POKRZYKDIRECTOR
Trustee or director
1$0
ANTHONY EVANSDIRECTOR
Trustee or director
1$0
3 more people on this return
NameTitleHours / weekCompensation
ANDY COOPERDIRECTOR
Trustee or director
1$0
JOHN MULRYANDIRECTOR
Trustee or director
1$0
STEVE JACKSONDIRECTOR
Trustee or director
1$0

Address and contacts

Address (IRS master file)
301 N UNION ST, OLEAN, NY 14760-2635
In care of
% JOHN STEPHENS PRESIDENT
Principal officer (990 for 2024)
SHAVONNE HENDERSON, 301 NORTH UNION STREET, OLEAN, NY 14760
Signed the 990
SHAVONNE HENDERSON, PRESIDENT
Phone
(716) 372-4433
Return prepared by
BUFFAMANTE WHIPPLE BUTTAFARO PC

Mission

PROMOTE COMMUNITY / ECONOMIC DEVELOPMENT

990 for the year ended December 31, 2024

Program accomplishments

  • ECONOMIC DEVELOPMENT - PROMOTE ECONOMIC DEVELOPMENT AMONG NEW AND EXISTING BUSINESSES. INCLUDES PROVIDING SUPPORT FOR THE OPERATION OF ECONOMIC DEVELOPMENT ZONE.
  • TANF SERVICES - UNDER CONTRACT WITH CATTARAUGUS COUNTY, AN ON-THE-JOB TRAINING PROGRAM IS OPERATED TO INCREASE THE SKILLS OF AREA RESIDENTS.
  • PROMOTION & MARKETING - THROUGH SPECIAL EVENTS AND ADVERTISING CAMPAIGNS, PURSUE ECONOMIC DEVELOPMENT AND REVITILIZATION IN THE OLEAN AREA.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
16-1450163
Tax-exempt status
501(c)(6): Business league or chamber of commerce
Donations deductible
No
Exempt since
1994
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$1,184,015
Income (IRS master file)
$492,568

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024–––IRS
990December 2023$497,321$515,916$1,268,664IRS
990December 2022$649,488$493,043$1,335,603IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS
990December 2017–––IRS

990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.

Questions about GREATER OLEAN INC

What is the EIN of GREATER OLEAN INC?
The employer identification number (EIN) of GREATER OLEAN INC is 16-1450163.
Is GREATER OLEAN INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(6) since 1994.
Are donations to GREATER OLEAN INC tax-deductible?
No. The IRS master file says contributions to it are not deductible.
Which annual return does GREATER OLEAN INC file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of GREATER OLEAN INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did GREATER OLEAN INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of GREATER OLEAN INC?
The 990 for the year ended December 31, 2024 names SHAVONNE HENDERSON.
Who are the officers and directors of GREATER OLEAN INC?
The 990 for the year ended December 31, 2024 lists 18 people; 2 received compensation from the organization, the highest $30,751 (CHRISTINE PECHERZEWSKI, EXECUTIVE DIRECTOR).
How much revenue does GREATER OLEAN INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $476,119, expenses of $486,675 and total assets of $1,184,015 at year end.

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