Dayton Development Coalition INC FY2023 filing

Not tax-deductible

Dayton, OH501(c)(6)Since 1994EIN 31-1423890Revenue $7.2M in FY2023

On file with the IRSdaytonregion.com1401 S Main Street 200, 45409-2670 · Dayton, OHTax-exempt since Jul 1995

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To retain, expand and recruit jobs in the Dayton region

$1.7M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Pay: Part VII

Before you give

FY2023 · 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
$1.7M
to officers and key staff · 27% of spending
Worth a look: pay to officers and key staff is 27% of spending; over 20%.
Pt VII · Sec A
Cash reserves
2 mo
of spending, in cash
Fine: 2.3 months of spending in cash; 1 to 3.
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
$522K
11% of total assets
Looks good: liabilities are 11% of assets; 50% or less.
Pt X · Ln 26
Independent board members
29
of 29 voting members
Looks good: 29 of 29 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$7.2M
+17% vs prior year
Spent
$6.2M
Net assets
$4.3M
By yearFY2020–FY2024
Revenue
$7.2M
FY2023▲ +17%
Tap a bar for its year
Revenue by fiscal year
FY2020$4.2M
FY2021$5.3M
FY2022$6.2M
FY2023$7.2M
FY2024$7.7M
Expenses
$6.2M
FY2023▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.8M
FY2021$4.4M
FY2022$5.6M
FY2023$6.2M
FY2024$7.1M
Net assets
$4.3M
FY2023▲ +30%
Tap a bar for its year
Net assets by fiscal year
FY2020$1.8M
FY2021$2.7M
FY2022$3.3M
FY2023$4.3M
FY2024$4.9M

From the FY2023 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 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

38 people listed on the 990; $1.7M paid to officers and key staff.

Part VII, Section A · reportable compensation
President & CEO
$357,977Pt VII · Sec A
$256,098Pt VII · Sec A
VP, Federal Gov't Programs
$253,245Pt VII · Sec A
EVP, Aerospace and Defense
$235,100Pt VII · Sec A
EVP, Regional Development
$214,034Pt VII · Sec A
EVP, Engagement & Business
$197,334Pt VII · Sec A
Director of Projects & Business Development
$166,151Pt 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.

Questions for Dayton Development Coalition INC

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Provided by the organization

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1 program · in their own filed words · FY2023
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

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 FY2023 990, line by line.

1The main four
Money inPt VIII
$7.2M
Ln 12
Fees for servicesLn 2g$4.1M
Gifts and grantsLn 1h$2.7M
Other incomeLn 4–11$296K
Money outPt IX
$6.2M
Ln 25
Owns and owesPt X
$4.3M
net assets · Ln 32
Cash and savingsLn 1–2$1.2M
Total assetsLn 16$4.8M
LiabilitiesLn 26$522K
PeoplePt VI, VII
38
listed · VII A
PaidVII A7
Voting boardVI 1a29
IndependentVI 1b29
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.7M
Fees for servicesLn 2g$4.1M
Investment incomeLn 3$101K
Other incomeLn 4–11$296K
Total revenueLn 12$7.2M
Assets in detailPt X, end of year
CashLn 1$1.2M
Cash and savings togetherLn 1–2$1.2M
InvestmentsLn 11–13$2.7M
Land, buildings, equipmentLn 10c$30K
Other assetsLn 15$6K
Total assetsLn 16$4.8M
LiabilitiesLn 26$522K
Net assetsLn 32$4.3M
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 FY23End FY23
Cash and savingsLn 1–2$3.0M$1.2M
InvestmentsLn 11–13$0$2.7M
Land, buildings, equipmentLn 10c$49K$30K
Total assetsLn 16$3.8M$4.8M
LiabilitiesLn 26$531K$522K
Net assetsLn 32$3.3M$4.3M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$1.7M
Other salaries and wagesLn 7$1.7M
Pension plan contributionsLn 8$94K
Other employee benefitsLn 9$236K
Payroll taxesLn 10$230K
Legal feesLn 11b$3K
Accounting feesLn 11c$85K
Other fees for servicesLn 11g$186K
Advertising and promotionLn 12$112K
Office expensesLn 13$115K
OccupancyLn 16$127K
TravelLn 17$99K
Conferences, conventions and meetingsLn 19$137K
Depreciation, depletion and amortizationLn 22$23K
InsuranceLn 23$25K
Other expenses (24a–d)Ln 24$1.4M
All other expensesLn 24e$10K
Total functional expensesLn 25$6.2M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $7.7M$7.1M$664K$4.9M 990 PDF
FY2023 Viewing $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 $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 FY2023 990 (6 parts)
Part I · Summary $7,224,559 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,436,169$2,735,654
I-9 Program service revenuePrior year $3,458,527$4,092,560
I-10 Investment incomePrior year $20,107$100,553
I-11 Other revenuePrior year $273,532$295,792
I-12 Total revenuePrior year $6,188,335$7,224,559
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 $3,413,658$3,951,412
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,169,157$2,296,201
I-18 Total expensesPrior year $5,582,815$6,247,613
I-19 Revenue less expensesPrior year $605,520$976,946
Part VI · Governance 29 of 29 board members independent, 2 to look at
VI-1a Voting members of the governing body29
VI-1b Independent voting members29
VI-2 Family or business relationship among officers or directorsYes
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $7,224,559 across 7 lines filed
VIII-1b Membership dues$1,248,430
VIII-1f All other contributions, gifts and grants$1,487,224
VIII-1h Total contributions, gifts and grants$2,735,654
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,092,560$4,092,560
VIII-3 Investment incomeExcluded from tax $100,553$100,553
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $295,792$295,792
VIII-12 Total revenueRelated to mission $4,388,352 · Unrelated business $0 · Excluded from tax $100,553$7,224,559
Part IX · Statement of functional expenses $6,247,613 across 17 lines filed
IX-5 Pay of current officers, directors and key staff$1,703,605
IX-7 Other salaries and wages$1,688,573
IX-8 Pension plan contributions$93,548
IX-9 Other employee benefits$235,617
IX-10 Payroll taxes$230,069
IX-11b Legal fees$3,253
IX-11c Accounting fees$85,078
IX-11g Other fees for services$186,319
IX-12 Advertising and promotion$112,108
IX-13 Office expenses$115,442
IX-16 Occupancy$127,190
IX-17 Travel$98,624
IX-19 Conferences, conventions and meetings$137,053
IX-22 Depreciation, depletion and amortization$23,423
IX-23 Insurance$25,337
IX-24 Other expenses (24a–d)$1,372,599
IX-24e All other expenses$9,775
IX-25 Total functional expenses$6,247,613
Part X · Balance sheet $4,802,841 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $3,040,927$1,198,541
X-4 Accounts receivableStart of year $728,812$828,840
X-10c Land, buildings and equipment, netStart of year $48,830$29,922
X-12 Other securitiesStart of year $0$2,739,740
X-15 Other assetsStart of year $16,711$5,798
X-16 Total assetsStart of year $3,835,280$4,802,841
X-17 Accounts payable and accrued expensesStart of year $228,903$217,739
X-19 Deferred revenueStart of year $302,139$303,918
X-26 Total liabilitiesStart of year $531,042$521,657
X-32 Total net assets or fund balancesStart of year $3,304,238$4,281,184
X-33 Total liabilities and net assetsStart of year $3,835,280$4,802,841
Part XI · Reconciliation of net assets $4,281,184 net assets at year end
XI-1 Total revenue$7,224,559
XI-2 Total expenses$6,247,613
XI-3 Revenue less expenses$976,946
XI-4 Net assets at start of year$3,304,238
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$4,281,184

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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