Form 990 for tax year 2024
Filed by DELAWARE ADVANCEMENT CORPORATION.
Totals
- Total revenue
- $3,535,786
- Total expenses
- $3,288,973
- Contributions and grants received
- $2,046,170
- Grants paid
- $0
- Program service revenue
- $1,326,886
- Investment income
- $116,269
- Other revenue
- $46,461
- Total assets, end of year
- $6,011,357
- Total liabilities, end of year
- $378,742
- Net assets or fund balances, end of year
- $5,632,615
- Program services expenses (Part IX)
- $2,588,460
- Management and general expenses
- $700,513
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,588,460
Program services were 78.7% 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.
-
1e · Government grants (contributions)
$2,046,170
-
2a · Program service revenue: CATERING
total $1,108,593 · related or exempt $1,108,593
-
2b · Program service revenue: RENTAL AND COMMISSIONS
total $218,293 · related or exempt $218,293
-
3 · Investment income
total $116,269 · excluded $116,269
-
6a · Gross rents
real property $2,500
-
6c · Rental income or loss
real property $2,500
-
6d · Net rental income or loss
total $2,500 · related or exempt $2,500
-
11a · Other revenue: OTHER INCOME
total $43,961 · related or exempt $43,961
-
11e · Other revenue, total
$43,961
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $72,492 · management and general $72,492
-
6 · Compensation of disqualified persons
total $19,386 · management and general $19,386
-
7 · Other salaries and wages
total $1,291,427 · program services $1,146,185 · management and general $145,242
-
9 · Other employee benefits
total $222,088 · program services $180,530 · management and general $41,558
-
10 · Payroll taxes
total $97,279 · program services $79,802 · management and general $17,477
-
11b · Fees: legal
total $32,361 · management and general $32,361
-
11c · Fees: accounting
total $31,000 · management and general $31,000
-
11g · Fees: other
total $99,650 · program services $96,282 · management and general $3,368
-
12 · Advertising and promotion
total $66,660 · program services $66,660
-
13 · Office expenses
total $78,340 · program services $38,907 · management and general $39,433
-
14 · Information technology
total $93,293 · program services $93,293
-
16 · Occupancy
total $579,267 · program services $579,267
-
17 · Travel
total $4,856 · program services $4,414 · management and general $442
-
19 · Conferences, conventions and meetings
total $19,979 · program services $3,243 · management and general $16,736
-
22 · Depreciation, depletion and amortization
total $290,070 · program services $41,738 · management and general $248,332
-
23 · Insurance
total $78,610 · program services $50,350 · management and general $28,260
-
24a · Other expenses: COST OF SALES
total $200,035 · program services $200,035
-
24b · Other expenses: OTHER EXPENSES
total $12,180 · program services $7,754 · management and general $4,426
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $4,749,007 · end of year $3,772
-
2 · Savings and temporary cash investments
end of year $3,341,861
-
4 · Accounts receivable
beginning of year $182,154 · end of year $273,909
-
8 · Inventories for sale or use
beginning of year $24,422 · end of year $45,512
-
9 · Prepaid expenses and deferred charges
beginning of year $7,578 · end of year $24,749
-
10a · Land, buildings and equipment: cost or other basis
$6,492,628
-
10b · Land, buildings and equipment: accumulated depreciation
$4,171,074
-
10c · Land, buildings and equipment, net
beginning of year $4,210,188 · end of year $2,321,554
-
12 · Investments: other securities
beginning of year $17,463
-
13 · Investments: program-related
beginning of year $6,039,500
-
17 · Accounts payable and accrued expenses
beginning of year $215,606 · end of year $257,446
-
19 · Deferred revenue
beginning of year $128,171 · end of year $121,296
-
23 · Secured mortgages and notes payable
beginning of year $6,193,500
-
27 · Net assets without donor restrictions
beginning of year $8,693,035 · end of year $5,632,615
Mission and programs · 2024
Mission
TO RENOVATE, EQUIP, OPERATE, MAINTAIN, AND PROMOTE THE USE OF THE FORMER FEDERAL BUILDING AS A CONVENTION CENTER.
-
THE HORIZON CONVENTION CENTER DELIVERED HIGH-QUALITY PROGRAMS THAT ADVANCED OUR MISSION BY PROVIDING IMPACTFUL SERVICES TO INDIVIDUALS AND COMMUNITIES THROUGHOUT THE YEAR. THROUGH STRATEGIC PARTNERSHIPS AND TARGETED OUTREACH, WE EXPANDED ACCESS TO RESOURCES, STRENGTHENED COMMUNITY ENGAGEMENT, AND SUPPORTED MEASURABLE PARTICIPANT OUTCOMES. THESE EFFORTS RESULTED IN MEANINGFUL GROWTH IN PROGRAM PARTICIPATION AND ENHANCED THE OVERALL EFFECTIVENESS OF OUR SERVICES.
Expenses $2,588,460 · Revenue $1,326,886
As filed on the 2024 return.
Listed in Part VII
-
Lashanta VaughnLASHANTA VAUGHN
PRESIDENT/CE
- Total calculated
- $114,031
- From this org
- $107,939
- From related orgs
- $0
- Other
- $6,092
- Hours/week
- 47
-
Rob KeislingROB KEISLING
CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer SkeneJENNIFER SKENE
1ST VICE CHA
- Total calculated
- $0
- Hours/week
- 1
-
Jeff HoweJEFF HOWE
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Mike O'ConnellMIKE O'CONNELL
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Bryan AyarsBRYAN AYARS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Watasha Barnes GriffinWATASHA BARNES GRIFFIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joe BarrJOE BARR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jennifer GibsonJENNIFER GIBSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Joe HamiltonJOE HAMILTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff HuffJEFF HUFF
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jeff ParsonsJEFF PARSONS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Jessica PiperJESSICA PIPER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Dan RidenourDAN RIDENOUR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Sherry RigginSHERRY RIGGIN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Rhonda WardRHONDA WARD
DIRECTOR
- 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.
Grants on this return
No itemized grants to organizations on this return.
Assets distributed on this return
Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.
8 distributions to recipients named as people, $20,350,480 in total. Counted where the filer named the recipient as a person, as filed. Who received them, and what, are not published.
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 27 July 2026
- IRS schema version
- 2024v5.0
- Source object
- 202622089349300227
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