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Nonprofiteer
← DEVELOPMENT RESEARCH CORPORATION

Form 990 for tax year 2022

Filed by DEVELOPMENT RESEARCH CORPORATION.

Totals

Total revenue
$466,440
Total expenses
$192,236
Contributions and grants received
$365,506
Grants paid
$0
Program service revenue
$0
Investment income
$63,256
Other revenue
$37,678
Total assets, end of year
$2,143,357
Total liabilities, end of year
$389,441
Net assets or fund balances, end of year
$1,753,916
Program services expenses (Part IX)
$176,030
Management and general expenses
$14,808
Fundraising expenses
$1,398
Program service expenses (Part III)
$176,030

Program services were 91.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 1f · All other contributions, gifts and grants

    $365,506

  • 3 · Investment income

    total $16,014 · excluded $16,014

  • 7a · Gross sales of assets other than inventory

    other assets $47,242

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $47,242

  • 7d · Net gain or loss

    total $47,242 · related or exempt $47,242

  • 11a · Other revenue: LONG-TERM CAPITAL GAIN

    total $37,650 · excluded $37,650

  • 11b · Other revenue: OTHER INCOME

    total $28 · related or exempt $28

  • 11e · Other revenue, total

    $37,678

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $8,400 · management and general $8,400

  • 24a · Other expenses: EVENTS

    total $118,350 · program services $118,350

  • 24b · Other expenses: MEMBERSHIP DUES

    total $65,000 · program services $57,680 · management and general $5,922 · fundraising $1,398

  • 24c · Other expenses: BANK SERVICE CHARGES

    total $56 · management and general $56

  • 24e · All other expenses

    total $430 · management and general $430

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,532,869 · end of year $1,845,315

  • 4 · Accounts receivable

    beginning of year $55,500 · end of year $50,000

  • 12 · Investments: other securities

    beginning of year $300,000 · end of year $225,842

  • 15 · Other assets

    beginning of year $22,200 · end of year $22,200

  • 17 · Accounts payable and accrued expenses

    beginning of year $11,766 · end of year $8,000

  • 19 · Deferred revenue

    beginning of year $331,441 · end of year $331,441

  • 25 · Other liabilities

    beginning of year $50,000 · end of year $50,000

  • 27 · Net assets without donor restrictions

    beginning of year $1,517,362 · end of year $1,753,916

Mission and programs · 2022

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.

    Expenses $176,030

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • John Landess

    CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Dan Curran

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Erin Rolfes

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Holly Wiggins

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Mark Williams

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1
  • Jeffery C Hoagland

    PRESIDENT & CEO

    Total calculated
    $330,586
    From this org
    $0
    From related orgs
    $330,486
    Other
    $100
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $302,221 related
    Bonus
    $0 + $28,265 related
    Other
    $0
    Deferred
    $0 + $18,013 related
    Nontaxable benefits
    $0 + $23,644 related
    Filer's total
    $0 + $372,143 related
  • David R Harrison

    CFO

    Total calculated
    $242,910
    From this org
    $0
    From related orgs
    $242,810
    Other
    $100
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $227,855 related
    Bonus
    $0 + $14,955 related
    Other
    $0
    Deferred
    $0 + $14,785 related
    Nontaxable benefits
    $0 + $23,644 related
    Filer's total
    $0 + $281,239 related
  • David Burrows

    VP, ENGAGEMENT & BUSINESS

    Total calculated
    $176,458
    From this org
    $0
    From related orgs
    $176,358
    Other
    $100
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $176,358 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $11,100 related
    Nontaxable benefits
    $0 + $23,644 related
    Filer's total
    $0 + $211,102 related
  • Michael D Gessel

    VP, FEDERAL GOV'T PROGRAMS

    Total calculated
    $242,292
    From this org
    $0
    From related orgs
    $242,192
    Other
    $100
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,222 related
    Bonus
    $0 + $9,970 related
    Other
    $0
    Deferred
    $0 + $14,149 related
    Nontaxable benefits
    $0 + $8,077 related
    Filer's total
    $0 + $264,418 related
  • Elaine Bryant

    EVP, AEROSPACE AND DEFENSE

    Total calculated
    $200,000
    From this org
    $0
    From related orgs
    $199,900
    Other
    $100
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $199,900 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,000 related
    Nontaxable benefits
    $0 + $876 related
    Filer's total
    $0 + $212,776 related
  • Julie Sullivan

    EVP, REGIONAL DEVELOPMENT

    Total calculated
    $191,758
    From this org
    $0
    From related orgs
    $191,658
    Other
    $100
    Hours/week
    1 + 41 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,658 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $12,000 related
    Nontaxable benefits
    $0 + $23,644 related
    Filer's total
    $0 + $227,302 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
  • 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.

  • MV ECONOMIC DEVELOPMENT LTD

    INVESTMENT · VENTURE CAPITAL · OH · 1% owned · general or managing partner

    Directly controlled by DAYTON DEVELOPMENT CORPORATION

  • MIAMI VALLEY VENTURE FUND II

    INVESTMENT · VENTURE CAPITAL · OH · 0.01% owned · share of income $37,650 · share of assets $80,057 · general or managing partner

    Directly controlled by DAYTON DEVELOPMENT CORPORATION

Provenance

Return type
form_990
Tax year
2022
Filed
14 November 2023
IRS schema version
2022v5.0
Source object
202323189349311152

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