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Nonprofiteer
← DEVELOPMENT PROJECTS INC

Form 990 for tax year 2023

Filed by DEVELOPMENT PROJECTS INC.

Totals

Total revenue
$4,396,742
Total expenses
$4,348,167
Contributions and grants received
$4,390,414
Grants paid
$0
Program service revenue
$0
Investment income
$6,328
Other revenue
$0
Total assets, end of year
$1,371,710
Total liabilities, end of year
$999,397
Net assets or fund balances, end of year
$372,313
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1b · Membership dues

    $470,340

  • 1e · Government grants (contributions)

    $3,920,074

  • 3 · Investment income

    total $6,328 · excluded $6,328

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $11,640

  • 11g · Fees: other

    total $2,826,283

  • 12 · Advertising and promotion

    total $20,000

  • 13 · Office expenses

    total $445

  • 14 · Information technology

    total $3,174

  • 16 · Occupancy

    total $106,718

  • 17 · Travel

    total $112,522

  • 19 · Conferences, conventions and meetings

    total $974,494

  • 24a · Other expenses: ALLOCATED PAYROLL

    total $286,758

  • 24b · Other expenses: AUTOMOBILE EXPENSES

    total $4,149

  • 24c · Other expenses: PRINTING AND REPRODUCTI

    total $437

  • 24e · All other expenses

    total $1,547

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,018,263 · end of year $1,076,845

  • 4 · Accounts receivable

    beginning of year $242,785 · end of year $294,865

  • 10a · Land, buildings and equipment: cost or other basis

    $58,128

  • 10b · Land, buildings and equipment: accumulated depreciation

    $58,128

  • 10c · Land, buildings and equipment, net

    beginning of year $0 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $121,265 · end of year $95,766

  • 19 · Deferred revenue

    beginning of year $362,987 · end of year $289,690

  • 25 · Other liabilities

    beginning of year $453,058 · end of year $613,941

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $323,738 · end of year $372,313

Mission and programs · 2023

Mission

THE MISSION OF THE COALITION IS TO RECRUIT, EXPAND AND RETAIN JOBS IN THE DAYTON REGION. THE COALITION FOCUSES ON GROWING THE 14-COUNTY DAYTON REGION AND BOLSTERS JOB CREATION AND OPPORTUNITY BY SUPPORTING ENTREPRENEURIAL ACTIVITY, RETAINING AND ATTRACTING BUSINESSES, AND ADVOCATING FOR AND PROMOTING THE REGION'S ASSETS AT THE LOCAL, STATE AND NATIONAL LEVELS.

Activities or mission (Part I)

TO RETAIN, EXPAND AND RECRUIT JOBS IN THE DAYTON REGION.

  • COLLABORATING WITH A VAST NETWORK OF STATE AND LOCAL ECONOMIC DEVELOPMENT PARTNERS, THE COALITION ASSISTS COMPANIES LOOKING TO EXPAND OR LOCATE TO THE COMMUNITY. IN THE DAYTON METROPOLITAN AREA, ONE OUT OF EVERY 11 JOBS IS A FEDERAL CIVILIAN, MILITARY, OR CONTRACTOR POSITION. BY SUPPORTING THE REGION'S LOCAL MILITARY CONTRACTORS, MILITARY PERSONNEL, AND FEDERAL INSTALLATIONS, THE COALITION HELPS PROMOTE JOB GROWTH IN THE REGION. THE COALITION COMMUNICATES WITH MEMBERS AND THE COMMUNITY THROUGH EVENTS INCLUDING ROUNDTABLES, FORUMS, AND PANEL DISCUSSIONS, AN ANNUAL MEETING, NEWSLETTERS, EMAILS AND PRESENTATIONS TO COMMUNITY PARTNERS UPON REQUEST.

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Jeffery C Hoagland

    PRESIDENT & CEO

    Total calculated
    $402,135
    From this org
    $0
    From related orgs
    $357,977
    Other
    $44,158
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $327,917 related
    Bonus
    $0 + $29,960 related
    Other
    $0 + $100 related
    Deferred
    $0 + $19,581 related
    Nontaxable benefits
    $0 + $24,577 related
    Filer's total
    $0 + $402,135 related
  • Dan Curran

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jesse Lightle

    TRUSTEE (JAN-DEC)

    Total calculated
    $0
    Hours/week
    1
  • Erin Rolfes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mark Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • John Landess

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • David R Harrison

    CFO

    Total calculated
    $291,727
    From this org
    $0
    From related orgs
    $256,098
    Other
    $35,629
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,019 related
    Bonus
    $0 + $9,979 related
    Other
    $0 + $100 related
    Deferred
    $0 + $15,239 related
    Nontaxable benefits
    $0 + $20,390 related
    Filer's total
    $0 + $291,727 related
  • Michael D Gessel

    VP - FEDERAL GOV'T PROGRAM

    Total calculated
    $276,061
    From this org
    $0
    From related orgs
    $253,245
    Other
    $22,816
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $248,155 related
    Bonus
    $0 + $4,990 related
    Other
    $0 + $100 related
    Deferred
    $0 + $15,015 related
    Nontaxable benefits
    $0 + $7,801 related
    Filer's total
    $0 + $276,061 related
  • Julie Sullivan

    EVP - REGIONAL DEVELOPMENT

    Total calculated
    $251,391
    From this org
    $0
    From related orgs
    $214,034
    Other
    $37,357
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $203,934 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $100 related
    Deferred
    $0 + $12,780 related
    Nontaxable benefits
    $0 + $24,577 related
    Filer's total
    $0 + $251,391 related
  • Elaine Bryant

    EVP - AEROSPACE AND DEFENS

    Total calculated
    $248,614
    From this org
    $0
    From related orgs
    $235,100
    Other
    $13,514
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $210,000 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $100 related
    Deferred
    $0 + $12,600 related
    Nontaxable benefits
    $0 + $914 related
    Filer's total
    $0 + $248,614 related
  • David Burrows

    EVP - ENGAGEMENT & BUSINESS

    Total calculated
    $233,677
    From this org
    $0
    From related orgs
    $197,334
    Other
    $36,343
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,234 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $100 related
    Deferred
    $0 + $11,766 related
    Nontaxable benefits
    $0 + $24,577 related
    Filer's total
    $0 + $233,677 related
  • Micah Newburg

    DIRECTOR OF PROJECTS & BUSINESS DEVELOPMENT

    Total calculated
    $200,152
    From this org
    $0
    From related orgs
    $166,151
    Other
    $34,001
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $151,051 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $100 related
    Deferred
    $0 + $9,424 related
    Nontaxable benefits
    $0 + $24,577 related
    Filer's total
    $0 + $200,152 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
11 November 2024
IRS schema version
2023v5.1
Source object
202403179349308480

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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