Dayton Development Coalition INC FY2020 filing

Not tax-deductible

Dayton, OH501(c)(6)Since 1994EIN 31-1423890

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To retain, expand and recruit jobs in the Dayton region

$1.3M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $713K a year · 12% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Pay to officers and key staff
$1.3M
to officers and key staff · 33% of spending
Concern: pay to officers and key staff is 33% of spending; over 30%.
Pt VII · Sec A
Cash reserves
5 mo
of spending, in cash
Looks good: 5.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $45K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$306K
15% of total assets
Looks good: liabilities are 15% of assets; 50% or less.
Pt X · Ln 26
Independent board members
32
of 32 voting members
Looks good: 32 of 32 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$4.2M
Spent
$3.8M
Net assets
$1.8M
By yearFY2020–FY2024
Revenue
$4.2M
FY2020
Revenue by fiscal year
FY2020$4.2M
FY2021$5.3M
FY2022$6.2M
FY2023$7.2M
FY2024$7.7M
Expenses
$3.8M
FY2020
Expenses by fiscal year
FY2020$3.8M
FY2021$4.4M
FY2022$5.6M
FY2023$6.2M
FY2024$7.1M
Net assets
$1.8M
FY2020
Net assets by fiscal year
FY2020$1.8M
FY2021$2.7M
FY2022$3.3M
FY2023$4.3M
FY2024$4.9M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 1995.

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

Who runs it and what they're paid

40 people listed on the 990; $1.3M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$299,780Pt VII · Sec A
$233,368Pt VII · Sec A
VP - Federal Gov't Program
$230,427Pt VII · Sec A
EVP - Aerospace and Defens
$169,154Pt VII · Sec A
EVP - Regional Development
$167,158Pt VII · Sec A
VP - Accelerant
$161,365Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Jeffery C Hoagland$387,271$357,977$330,586$324,088$299,780
David R Harrison$277,090$256,098$242,910$242,494$233,368
Michael D Gessel$262,265$253,245$242,292$236,659$230,427
Elaine Bryant$221,550$235,100$200,000$207,050$169,154
Julie Sullivan$231,673$214,034$191,758$177,063$167,158
David Burrows$208,619$197,334$176,458$166,638—
Micah Newburg—$166,151———
Roger Edwards————$161,365

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Creates and attracts jobs to grow the Dayton region's economy.

Provided by the organization

This section is blank until Dayton Development Coalition INC claims this page.

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1 program service, described in the organization's own filed words · FY2020.
01

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.

Pt IX · col B

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$4.2M
Ln 12
Fees for servicesLn 2g$2.9M
Gifts and grantsLn 1h$1.3M
Other incomeLn 4–11$8K
Money outPt IX
$3.8M
Ln 25
Owns and owesPt X
$1.8M
net assets · Ln 32
Cash and savingsLn 1–2$1.6M
Total assetsLn 16$2.1M
LiabilitiesLn 26$306K
PeoplePt VI, VII
40
listed · VII A
PaidVII A6
Voting boardVI 1a32
IndependentVI 1b32
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.3M
Government grantsLn 1e$10K
Fees for servicesLn 2g$2.9M
Investment incomeLn 3$205
Other incomeLn 4–11$8K
Total revenueLn 12$4.2M
Assets in detailPt X, end of year
CashLn 1$1.6M
Cash and savings togetherLn 1–2$1.6M
Land, buildings, equipmentLn 10c$72K
Other assetsLn 15$6K
Total assetsLn 16$2.1M
LiabilitiesLn 26$306K
Net assetsLn 32$1.8M
OperationsPt I, VI
EmployeesI 529
VolunteersI 650
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$885K$1.6M
Land, buildings, equipmentLn 10c$93K$72K
Total assetsLn 16$1.7M$2.1M
LiabilitiesLn 26$334K$306K
Net assetsLn 32$1.4M$1.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.4M
Other salaries and wagesLn 7$1.1M
Pension plan contributionsLn 8$74K
Other employee benefitsLn 9$162K
Payroll taxesLn 10$168K
Legal feesLn 11b$2K
Accounting feesLn 11c$85K
Other fees for servicesLn 11g$206K
Advertising and promotionLn 12$70K
Office expensesLn 13$68K
OccupancyLn 16$72K
TravelLn 17$29K
Conferences, conventions and meetingsLn 19$98K
Depreciation, depletion and amortizationLn 22$30K
InsuranceLn 23$18K
Other expenses (24a–d)Ln 24$209K
All other expensesLn 24e$31K
Total functional expensesLn 25$3.8M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $7.7M$7.1M$664K$4.9M 990 PDF
FY2023 $7.2M$6.2M$977K$4.3M 990 PDF
FY2022 $6.2M$5.6M$606K$3.3M 990 PDF
FY2021 $5.3M$4.4M$939K$2.7M 990 PDF
FY2020 Viewing $4.2M$3.8M$378K$1.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $4,199,917 across 9 lines filed
VIII-1b Membership dues$1,140,578
VIII-1e Government grants$10,000
VIII-1f All other contributions, gifts and grants$125,195
VIII-1h Total contributions, gifts and grants$1,275,773
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $2,915,802$2,915,802
VIII-3 Investment incomeExcluded from tax $205$205
VIII-6 Net rental income or lossExcluded from tax $1,125$1,125
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $7,012$7,012
VIII-12 Total revenueRelated to mission $2,922,814 · Unrelated business $0 · Excluded from tax $1,330$4,199,917
Part IX · Statement of functional expenses $3,821,788 across 17 lines filed
IX-5 Pay of current officers, directors and key staff$1,423,709
IX-7 Other salaries and wages$1,076,568
IX-8 Pension plan contributions$74,116
IX-9 Other employee benefits$161,872
IX-10 Payroll taxes$167,866
IX-11b Legal fees$2,238
IX-11c Accounting fees$84,968
IX-11g Other fees for services$205,588
IX-12 Advertising and promotion$70,400
IX-13 Office expenses$67,871
IX-16 Occupancy$71,702
IX-17 Travel$29,478
IX-19 Conferences, conventions and meetings$98,255
IX-22 Depreciation, depletion and amortization$29,649
IX-23 Insurance$18,006
IX-24 Other expenses (24a–d)$208,524
IX-24e All other expenses$30,978
IX-25 Total functional expenses$3,821,788
Part X · Balance sheet $2,065,475 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $884,524$1,582,679
X-4 Accounts receivableStart of year $737,203$404,774
X-10c Land, buildings and equipment, netStart of year $92,597$71,867
X-15 Other assetsStart of year $1,938$6,155
X-16 Total assetsStart of year $1,716,262$2,065,475
X-17 Accounts payable and accrued expensesStart of year $216,677$172,811
X-19 Deferred revenueStart of year $117,823$132,773
X-26 Total liabilitiesStart of year $334,500$305,584
X-32 Total net assets or fund balancesStart of year $1,381,762$1,759,891
X-33 Total liabilities and net assetsStart of year $1,716,262$2,065,475
Part XI · Reconciliation of net assets $1,759,891 net assets at year end
XI-1 Total revenue$4,199,917
XI-2 Total expenses$3,821,788
XI-3 Revenue less expenses$378,129
XI-4 Net assets at start of year$1,381,762
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,759,891

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

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