Dayton Tech Town INC FY2020 filing

Not tax-deductible

Dayton, OH501(c)(4)Since 1978 EIN 31-0925683Revenue $862K in FY2020

On file with the IRScitywidedev.com8 N Main St, 45402-1904 · Dayton, OHTax-exempt since Dec 1978

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To support the attraction and growth of high technology business into and promote technology commercialization in the city of Dayton.

501(c)(4) social-welfare organization; gifts are not tax-deductible as charitable contributions.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

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FY2020 · Form 990Independent: from IRS data, not the org
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IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $238K a year · 31% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
13 mo
of spending, in cash
Looks good: 12.8 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$3.6M
79% of total assets
Worth a look: liabilities are 79% of assets; over 65%.
Pt X · Ln 26
Independent board members
18
of 18 voting members
Looks good: 18 of 18 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$862K
Spent
$511K
To programs
96%
Net assets
$955K
By yearFY2020–FY2025
Revenue
$862K
FY2020
Tap a bar for its year
Revenue by fiscal year
FY2020$862K
FY2021$892K
FY2022$879K
FY2023$851K
FY2024$772K
FY2025$307K
Expenses
$511K
FY2020
Tap a bar for its year
Expenses by fiscal year
FY2020$511K
FY2021$528K
FY2022$500K
FY2023$486K
FY2024$520K
FY2025$589K
Net assets
$955K
FY2020
Tap a bar for its year
Net assets by fiscal year
FY2020$955K
FY2021$1.3M
FY2022$1.7M
FY2023$2.1M
FY2024$2.3M
FY2025$2.0M

From the FY2020 Form 990 · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $491K Management & general 4% · $20K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

22 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Dayton Tech Town INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Attracts and grows high-tech businesses, promoting technology commercialization in Dayton.

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Provided by the organization

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1 program · $491K · in their own filed words · FY2020
01

Mile 2 signed a lease for additional space. This location will serve as a collaborative hub with its partners at the air force research labs in an effort to enable businesses to access air force technologies for commercialization. A lease was also signed for shriners hospitals for children.

$491Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$862K
Ln 12
Fees for servicesLn 2g$861K
Investment incomeLn 3$1K
Money outPt IX
$511K
Ln 25
Programscol B$491K
Managementcol C$20K
Owns and owesPt X
$955K
net assets · Ln 32
Cash and savingsLn 1–2$545K
Total assetsLn 16$4.6M
LiabilitiesLn 26$3.6M
PeoplePt VI, VII
22
listed · VII A
PaidVII A0
Voting boardVI 1a18
IndependentVI 1b18
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$861K
Investment incomeLn 3$1K
Total revenueLn 12$862K
Assets in detailPt X, end of year
CashLn 1$98K
SavingsLn 2$448K
Cash and savings togetherLn 1–2$545K
Land, buildings, equipmentLn 10c$2.9M
Other assetsLn 15$929K
Total assetsLn 16$4.6M
LiabilitiesLn 26$3.6M
Net assetsLn 32$955K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$679K$545K
Land, buildings, equipmentLn 10c$3.2M$2.9M
Total assetsLn 16$5.0M$4.6M
LiabilitiesLn 26$4.4M$3.6M
Net assetsLn 32$603K$955K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$89K$69K$20K
Legal feesLn 11b$594$594
Accounting feesLn 11c$875$875
Office expensesLn 13$3K$3K
Information technologyLn 14$5K$5K
InterestLn 20$67K$67K
Depreciation, depletion and amortizationLn 22$130K$130K
InsuranceLn 23$8K$8K
Other expenses (24a–d)Ln 24$207K$207K
Total functional expensesLn 25$511K$491K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $307K$589K−$282K$2.0M 990 PDF
FY2024 $772K$520K$252K$2.3M 990 PDF
FY2023 $851K$486K$365K$2.1M 990 PDF
FY2022 $879K$500K$379K$1.7M 990 PDF
FY2021 $892K$528K$364K$1.3M 990 PDF
FY2020 Viewing $862K$511K$351K$955K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $862,442 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $493,518$861,058
I-10 Investment incomePrior year $1,077$1,384
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $494,595$862,442
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $526,415$510,984
I-18 Total expensesPrior year $526,415$510,984
I-19 Revenue less expensesPrior year −$31,820$351,458
Part VI · Governance 18 of 18 board members independent, no flags
VI-1a Voting members of the governing body18
VI-1b Independent voting members18
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $862,442 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $861,058$861,058
VIII-3 Investment incomeExcluded from tax $1,384$1,384
VIII-12 Total revenueRelated to mission $861,058 · Unrelated business $0 · Excluded from tax $1,384$862,442
Part IX · Statement of functional expenses $510,984 across 9 lines filed
IX-11a Management feesPrograms $69,165 · Management $19,996$89,161
IX-11b Legal feesPrograms $594$594
IX-11c Accounting feesPrograms $875$875
IX-13 Office expensesPrograms $3,359$3,359
IX-14 Information technologyPrograms $5,166$5,166
IX-20 InterestPrograms $66,885$66,885
IX-22 Depreciation, depletion and amortizationPrograms $130,021$130,021
IX-23 InsurancePrograms $8,266$8,266
IX-24 Other expenses (24a–d)Programs $206,657$206,657
IX-25 Total functional expensesPrograms $490,988 · Management $19,996 · Fundraising $0$510,984
Part X · Balance sheet $4,557,826 assets, 12 lines filed
Asset lines not itemized here account for $74,378; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $232,463$97,624
X-2 Savings and temporary cash investmentsStart of year $446,272$447,656
X-9 Prepaid expenses and deferred chargesStart of year $161,471$141,455
X-10c Land, buildings and equipment, netStart of year $3,169,583$2,867,993
X-15 Other assetsStart of year $1,018,214$928,720
X-16 Total assetsStart of year $5,033,899$4,557,826
X-17 Accounts payable and accrued expensesStart of year $511,192$28,702
X-25 Other liabilitiesStart of year $2,094,331$1,859,290
X-26 Total liabilitiesStart of year $4,430,523$3,602,992
X-28 Net assets with donor restrictionsStart of year $603,376$954,834
X-32 Total net assets or fund balancesStart of year $603,376$954,834
X-33 Total liabilities and net assetsStart of year $5,033,899$4,557,826
Part XI · Reconciliation of net assets $954,834 net assets at year end
XI-1 Total revenue$862,442
XI-2 Total expenses$510,984
XI-3 Revenue less expenses$351,458
XI-4 Net assets at start of year$603,376
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$954,834

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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