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 LandessJOHN LANDESS
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Dan CurranDAN CURRAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Erin RolfesERIN ROLFES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Holly WigginsHOLLY WIGGINS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Mark WilliamsMARK WILLIAMS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
Jeffery C HoaglandJEFFERY 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 HarrisonDAVID 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 BurrowsDAVID 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 GesselMICHAEL 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 BryantELAINE 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 SullivanJULIE 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.
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501(C)(6) · REGIONAL ECONOMIC DEVELOPMENT · OH
-
501(C)(6) · REGIONAL ECONOMIC DEVELOPMENT · OH
Directly controlled by DAYTON DEVELOPMENT COALITION
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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