Development Projects INC FY2023 filing

Claim this org

(tell your story, add context, and more) Claim it free, then get the verified mark for $2,500 a year, plus $10 a year for the ID check.

How does your 990 look to donors? Take the 10-Question Audit

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

Form 990 Part I, line 1, FY2023. 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

FY2023 · 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
3.0 mo
of spending, in cash
3.0 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$999K
73% of total assets
Liabilities are 73% 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
Revenue
$4.4M
+51% vs prior year
Spent
$4.3M
Net assets
$372K
By yearFY2020–FY2024
Revenue
$4.4M
FY2023▲ +51%
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
$4.3M
FY2023▲ +50%
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
$372K
FY2023▲ +15%
Tap a bar for its year
Net assets by fiscal year
FY2020$387K
FY2021$309K
FY2022$324K
FY2023$372K
FY2024$412K

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

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 Feb 1996.

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

Who runs it and what they're paid

12 people listed on the 990.

Part VII, Section A · reportable compensation
President & CEO
$0Pt VII · Sec A
Trustee
$0Pt VII · Sec A
Trustee (jan-Dec)
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
VP - Federal Gov't Program
$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

Tap to ask. Development Projects INC sees how many people are interested.

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

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.

Form 990 Part III, line 4, FY2023. 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 FY2023 990, line by line.

1The main four
Money inPt VIII
$4.4M
Ln 12
Gifts and grantsLn 1h$4.4M
Investment incomeLn 3$6K
Money outPt IX
$4.3M
Ln 25
Owns and owesPt X
$372K
net assets · Ln 32
Cash and savingsLn 1–2$1.1M
Total assetsLn 16$1.4M
LiabilitiesLn 26$999K
PeoplePt VI, VII
12
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b5
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$4.4M
Government grantsLn 1e$3.9M
Investment incomeLn 3$6K
Total revenueLn 12$4.4M
Assets in detailPt X, end of year
SavingsLn 2$1.1M
Cash and savings togetherLn 1–2$1.1M
Accounts receivableLn 4$295K
Total assetsLn 16$1.4M
LiabilitiesLn 26$999K
Net assetsLn 32$372K
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 FY23End FY23
Cash and savingsLn 1–2$1.0M$1.1M
Land, buildings, equipmentLn 10c$0$0
Total assetsLn 16$1.3M$1.4M
LiabilitiesLn 26$937K$999K
Net assetsLn 32$324K$372K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Accounting feesLn 11c$12K
Other fees for servicesLn 11g$2.8M
Advertising and promotionLn 12$20K
Office expensesLn 13$445
Information technologyLn 14$3K
OccupancyLn 16$107K
TravelLn 17$113K
Conferences, conventions and meetingsLn 19$974K
Other expenses (24a–d)Ln 24$291K
All other expensesLn 24e$2K
Total functional expensesLn 25$4.3M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 LatestFiled with the IRS Nov 11, 2025 $3.6M$3.5M$40K$412K 990 PDF
FY2023 ViewingFiled with the IRS Nov 12, 2024 $4.4M$4.3M$49K$372K 990 PDF
FY2022Filed 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 FY2023 990
Part I · Summary $4,396,742 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $2,916,110$4,390,414
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $2,683$6,328
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $2,918,793$4,396,742
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 $2,903,696$4,348,167
I-18 Total expensesPrior year $2,903,696$4,348,167
I-19 Revenue less expensesPrior year $15,097$48,575
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 $4,396,742 across 5 lines filed
VIII-1b Membership dues$470,340
VIII-1e Government grants$3,920,074
VIII-1h Total contributions, gifts and grants$4,390,414
VIII-3 Investment incomeExcluded from tax $6,328$6,328
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $6,328$4,396,742
Part IX · Statement of functional expenses $4,348,167 across 10 lines filed
IX-11c Accounting fees$11,640
IX-11g Other fees for services$2,826,283
IX-12 Advertising and promotion$20,000
IX-13 Office expenses$445
IX-14 Information technology$3,174
IX-16 Occupancy$106,718
IX-17 Travel$112,522
IX-19 Conferences, conventions and meetings$974,494
IX-24 Other expenses (24a–d)$291,344
IX-24e All other expenses$1,547
IX-25 Total functional expenses$4,348,167
Part X · Balance sheet $1,371,710 assets, 13 lines filed
X-2 Savings and temporary cash investmentsStart of year $1,018,263$1,076,845
X-4 Accounts receivableStart of year $242,785$294,865
X-10c Land, buildings and equipment, netStart of year $0$0
X-16 Total assetsStart of year $1,261,048$1,371,710
X-17 Accounts payable and accrued expensesStart of year $121,265$95,766
X-19 Deferred revenueStart of year $362,987$289,690
X-25 Other liabilitiesStart of year $453,058$613,941
X-26 Total liabilitiesStart of year $937,310$999,397
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 $323,738$372,313
X-32 Total net assets or fund balancesStart of year $323,738$372,313
X-33 Total liabilities and net assetsStart of year $1,261,048$1,371,710
Part XI · Reconciliation of net assets $372,313 net assets at year end
XI-1 Total revenue$4,396,742
XI-2 Total expenses$4,348,167
XI-3 Revenue less expenses$48,575
XI-4 Net assets at start of year$323,738
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$372,313

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

Similar organizations you could support · Compare with another nonprofit

The names, titles, and financial information shown on this page are reproduced from IRS Form 990 filings, which are public records. More

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown. A filing can only be corrected by the organization filing an amended return with the IRS; the corrected information appears here at our next update.

We publish only information contained in the public IRS filing, and less than the filing contains. Our pages do not display home addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, contact the filing organization or the IRS directly.

All figures come from public IRS Form 990 filings. Comparisons are computed from the filing against similar orgs. They are not a rating.