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Nonprofiteer
← DEVELOPMENT RESEARCH CORPORATION

Form 990 for tax year 2024

Filed by DEVELOPMENT RESEARCH CORPORATION.

Totals

Total revenue
$160,613
Total expenses
$74,650
Contributions and grants received
$65,000
Grants paid
$0
Program service revenue
$0
Investment income
$96,317
Other revenue
-$704
Total assets, end of year
$2,249,541
Total liabilities, end of year
$343,941
Net assets or fund balances, end of year
$1,905,600
Program services expenses (Part IX)
$57,680
Management and general expenses
$15,572
Fundraising expenses
$1,398
Program service expenses (Part III)
$57,680

Program services were 77.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • JEFFERY C HOAGLAND

    PRESIDENT & CEO

    Total calculated
    $432,253
    From this org
    $0
    From related orgs
    $387,271
    Other
    $44,982
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $338,219 related
    Bonus
    $0 + $48,952 related
    Other
    $0 + $100 related
    Deferred
    $0 + $20,208 related
    Nontaxable benefits
    $0 + $24,774 related
    Filer's total
    $0 + $432,253 related

  • DAVID R HARRISON

    CFO

    Total calculated
    $310,863
    From this org
    $0
    From related orgs
    $277,090
    Other
    $33,773
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $261,990 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $100 related
    Deferred
    $0 + $16,149 related
    Nontaxable benefits
    $0 + $17,624 related
    Filer's total
    $0 + $310,863 related

  • MICHAEL D GESSEL

    VP - FEDERAL GOV'T PROGRAM

    Total calculated
    $285,672
    From this org
    $0
    From related orgs
    $262,265
    Other
    $23,407
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $257,165 related
    Bonus
    $0 + $5,000 related
    Other
    $0 + $100 related
    Deferred
    $0 + $15,616 related
    Nontaxable benefits
    $0 + $7,791 related
    Filer's total
    $0 + $285,672 related

  • JULIE SULLIVAN

    EVP - REGIONAL DEVELOPMENT

    Total calculated
    $269,763
    From this org
    $0
    From related orgs
    $231,673
    Other
    $38,090
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $216,573 related
    Bonus
    $0 + $15,000 related
    Other
    $0 + $100 related
    Deferred
    $0 + $13,547 related
    Nontaxable benefits
    $0 + $24,543 related
    Filer's total
    $0 + $269,763 related

  • ELAINE BRYANT

    EVP - AEROSPACE AND DEFENS

    Total calculated
    $235,631
    From this org
    $0
    From related orgs
    $221,550
    Other
    $14,081
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $196,450 related
    Bonus
    $0 + $25,000 related
    Other
    $0 + $100 related
    Deferred
    $0 + $13,167 related
    Nontaxable benefits
    $0 + $914 related
    Filer's total
    $0 + $235,631 related

  • DAVID BURROWS

    EVP - ENGAGEMENT & BUSINES

    Total calculated
    $245,605
    From this org
    $0
    From related orgs
    $208,619
    Other
    $36,986
    Hours/week
    1 + 42 related

    Schedule J breakdown matched by us

    Base
    $0 + $198,519 related
    Bonus
    $0 + $10,000 related
    Other
    $0 + $100 related
    Deferred
    $0 + $12,443 related
    Nontaxable benefits
    $0 + $24,543 related
    Filer's total
    $0 + $245,605 related

  • DAN CURRAN

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JESSE LIGHTLE

    TRUSTEE

    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

  • DAN MCCABE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JAMES B CARTY

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • MIAMI VALLEY VENTURE FUND II

    INVESTMENT · VENTURE CAPITAL · OH · 0.01% owned · share of income -$704 · share of assets $46,769 · general or managing partner

    Directly controlled by DAYTON DEVELOPMENT CORPORATION

Provenance

Return type
form_990
Tax year
2024
Filed
10 November 2025
IRS schema version
2024v5.2
Source object
202533159349303648

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