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Development Projects INC FY2022 filing

Not tax-deductible

Dayton, OH501(c)(6)Mutual / membership EIN 31-1425883Revenue $2.9M in FY2022Latest return filed Nov 11, 2025

On file with the IRSdaytonregion.comDayton, OHTax-exempt since Feb 1996

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To retain, expand and recruit jobs in the dayton region.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1425883) · Dispute this line
501(c)(6) business league; gifts are not tax-deductible as charitable contributions.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(6)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
4 of 5
filings with a surplus
Average surplus $7K a year · 0.2% of revenue · last 5 filings
A surplus in 4 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Cash reserves
4.2 mo
of spending, in cash
4.2 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$937K
74% of total assets
Liabilities are 74% of assets.
Pt X · Ln 26
Independent board members
5
of 6 voting members
5 of 6 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$2.9M
-1% vs prior year
Spent
$2.9M
Net assets
$324K
By yearFY2020–FY2024
Revenue
$2.9M
FY2022▼ -1%
Tap a bar for its year
Revenue by fiscal year
FY2020$1.9M
FY2021$3.0M
FY2022$2.9M
FY2023$4.4M
FY2024$3.6M
Expenses
$2.9M
FY2022▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$1.8M
FY2021$3.0M
FY2022$2.9M
FY2023$4.3M
FY2024$3.5M
Net assets
$324K
FY2022▲ +5%
Tap a bar for its year
Net assets by fiscal year
FY2020$387K
FY2021$309K
FY2022$324K
FY2023$372K
FY2024$412K

From the FY2022 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 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 Feb 1996.

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

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Dan Curran
Trustee
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jeffery C Hoagland
President & CEO
$0Pt VII · Sec A
$0Pt VII · Sec A
Elaine Bryant
EVP - Aerospace and Defens
$0Pt VII · Sec A
See Development Projects INC executive salaries →

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 15aNo

Programs and updates

Creates and keeps jobs in the Dayton area.

Questions for Development Projects INC

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Your first name shows with your question. Development Projects INC answers here, for everyone.

1 program · in their own filed words · FY2022
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.

Form 990 Part III, line 4, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 31-1425883) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$2.9M
Ln 12
Gifts and grantsLn 1h$2.9M
Investment incomeLn 3$3K
Money outPt IX
$2.9M
Ln 25
Owns and owesPt X
$324K
net assets · Ln 32
Cash and savingsLn 1–2$1.0M
Total assetsLn 16$1.3M
LiabilitiesLn 26$937K
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$2.9M
Government grantsLn 1e$2.5M
Investment incomeLn 3$3K
Total revenueLn 12$2.9M
Assets in detailPt X, end of year
SavingsLn 2$1.0M
Cash and savings togetherLn 1–2$1.0M
Accounts receivableLn 4$243K
Total assetsLn 16$1.3M
LiabilitiesLn 26$937K
Net assetsLn 32$324K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
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 FY22End FY22
Cash and savingsLn 1–2$778K$1.0M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.0M$1.3M
LiabilitiesLn 26$705K$937K
Net assetsLn 32$309K$324K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$13K
Other fees for servicesLn 11g$2.2M
Advertising and promotionLn 12$30K
Information technologyLn 14$4K
OccupancyLn 16$112K
TravelLn 17$64K
Conferences, conventions and meetingsLn 19$239K
Other expenses (24a–d)Ln 24$256K
All other expensesLn 24e$705
Total functional expensesLn 25$2.9M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 11, 2025 $3.6M$3.5M$40K$412K 990 PDF
FY2023Filed with the IRS Nov 12, 2024 $4.4M$4.3M$49K$372K 990 PDF
FY2022 ViewingFiled with the IRS Nov 14, 2023 $2.9M$2.9M$15K$324K 990 PDF
FY2021Filed with the IRS Nov 14, 2022 $3.0M$3.0M−$78K$309K 990 PDF
FY2020Filed with the IRS Nov 10, 2021 $1.9M$1.8M$8K$387K 990 PDF

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $2,918,793 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,954,809$2,916,110
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $1,631$2,683
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,956,440$2,918,793
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 $3,034,456$2,903,696
I-18 Total expensesPrior year $3,034,456$2,903,696
I-19 Revenue less expensesPrior year −$78,016$15,097
Part VI · Governance 5 of 6 board members independent, 2 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members5
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
Part VIII · Statement of revenue $2,918,793 across 5 lines filed
VIII-1b Membership dues$400,050
VIII-1e Government grants$2,516,060
VIII-1h Total contributions, gifts and grants$2,916,110
VIII-3 Investment incomeExcluded from tax $2,683$2,683
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $2,683$2,918,793
Part IX · Statement of functional expenses $2,903,696 across 9 lines filed
IX-11c Accounting fees$12,812
IX-11g Other fees for services$2,185,066
IX-12 Advertising and promotion$30,150
IX-14 Information technology$3,555
IX-16 Occupancy$112,034
IX-17 Travel$64,006
IX-19 Conferences, conventions and meetings$239,085
IX-24 Other expenses (24a–d)$256,283
IX-24e All other expenses$705
IX-25 Total functional expenses$2,903,696
Part X · Balance sheet $1,261,048 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $778,420$1,018,263
X-4 Accounts receivableStart of year $234,858$242,785
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $1,013,278$1,261,048
X-17 Accounts payable and accrued expensesStart of year $125,607$121,265
X-19 Deferred revenueStart of year $296,063$362,987
X-25 Other liabilitiesStart of year $282,967$453,058
X-26 Total liabilitiesStart of year $704,637$937,310
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $308,641$323,738
X-32 Total net assets or fund balancesStart of year $308,641$323,738
X-33 Total liabilities and net assetsStart of year $1,013,278$1,261,048
Part XI · Reconciliation of net assets $323,738 net assets at year end
XI-1 Total revenue$2,918,793
XI-2 Total expenses$2,903,696
XI-3 Revenue less expenses$15,097
XI-4 Net assets at start of year$308,641
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$323,738

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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