philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Troy Development Council INC FY2021 filing

Tax-deductible

Troy, OH501(c)(3)EmploymentEIN 31-1736034Revenue $361K in FY2021

On file with the IRS510 W Water St Ste 110, 45373-2982 · Troy, OHTax-exempt since Feb 2001Publicly supported charity — 170(b)(1)(A)(vi)

This page gets seen. Tell your story. Claim this org.

Foster economic vitality and raise the standard of living.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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 $158K a year · 36% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
18 mo
of spending, in cash
Looks good: 18.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
3
named funders · $25K
Looks good: 3 funders name it on their filings; 3 or more.
Funders’ Sch. I, 990-PF
Liabilities
$1.3M
70% of total assets
Worth a look: liabilities are 70% of assets; over 65%.
Pt X · Ln 26
Independent board members
24
of 24 voting members
Looks good: 24 of 24 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$361K
+40% vs prior year
Spent
$250K
To programs
100%
Net assets
$549K
By yearFY2020–FY2024
Revenue
$361K
FY2021▲ +40%
Tap a bar for its year
Revenue by fiscal year
FY2020$258K
FY2021$361K
FY2022$329K
FY2023$814K
FY2024$403K
Expenses
$250K
FY2021▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$256K
FY2021$250K
FY2022$273K
FY2023$312K
FY2024$286K
Net assets
$549K
FY2021▲ +25%
Tap a bar for its year
Net assets by fiscal year
FY2020$437K
FY2021$549K
FY2022$605K
FY2023$1.1M
FY2024$1.2M

From the FY2021 Form 990 · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 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 2001.

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

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $250K

Form 990 Part IX, line 25. Every line is in By the numbers.

Something off? The org can add a note here. Claim this org to fix it.

Who runs it and what they're paid

24 people listed on the 990.

Part VII, Section A · reportable compensation
Cale Arnold
Director
$0Pt VII · Sec A
Hank Betts
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Steve Bruns
Director
$0Pt VII · Sec A
Rob Davis
Treasurer
$0Pt VII · Sec A
Tim Davis
Secretary
$0Pt VII · Sec A
David Fisher
Director
$0Pt VII · Sec A
Joseph Graves
Chief Exec.
$0Pt VII · Sec A
See Troy Development Council INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Claim this org to fix it.

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

Boosts local economies and improves people's lives through community development.

Questions for Troy Development Council INC

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

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

Provided by the organization

Know this organization? Claim it to add your story

1 program · $250K · in their own filed words · FY2021
01

Foster economic vitality and raise the standard of living.

$250Kprogram expense

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
Upper Valley Medical CenterFY2024$15K
Park National Bank Foundation Park National BankFY2024$5K
First Bank Richmond INC Community FoundationFY2024$5K
Total grants receivedfrom 3 funders$25K
See all 3 funders →

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$361K
Ln 12
Gifts and grantsLn 1h$316K
Investment incomeLn 3$45K
Money outPt IX
$250K
Ln 25
Programscol B$250K
Owns and owesPt X
$549K
net assets · Ln 32
Cash and savingsLn 1–2$380K
Total assetsLn 16$1.8M
LiabilitiesLn 26$1.3M
PeoplePt VI, VII
24
listed · VII A
PaidVII A0
Voting boardVI 1a24
IndependentVI 1b24
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$316K
Government grantsLn 1e$125K
Investment incomeLn 3$45K
Gains on assetsLn 7$45K
Total revenueLn 12$361K
Assets in detailPt X, end of year
CashLn 1$112K
SavingsLn 2$268K
Cash and savings togetherLn 1–2$380K
Land, buildings, equipmentLn 10c$1.4M
Total assetsLn 16$1.8M
LiabilitiesLn 26$1.3M
Net assetsLn 32$549K
OperationsPt I, VI
EmployeesI 50
VolunteersI 66
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$421K$380K
Land, buildings, equipmentLn 10c$1.6M$1.4M
Total assetsLn 16$2.0M$1.8M
LiabilitiesLn 26$1.6M$1.3M
Net assetsLn 32$437K$549K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Advertising and promotionLn 12$13$13
Office expensesLn 13$8K$8K
Information technologyLn 14$632$632
OccupancyLn 16$1K$1K
Conferences, conventions and meetingsLn 19$7K$7K
InterestLn 20$24K$24K
Depreciation, depletion and amortizationLn 22$661$661
Other expenses (24a–d)Ln 24$201K$201K
All other expensesLn 24e$7K$7K
Total functional expensesLn 25$250K$250K$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $403K$286K$117K$1.2M 990 PDF
FY2023 $814K$312K$503K$1.1M 990 PDF
FY2022 $329K$273K$56K$605K 990 PDF
FY2021 Viewing $361K$250K$111K$549K 990 PDF
FY2020 $258K$256K$2K$437K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2021 990 (6 parts)
Part I · Summary $361,264 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $256,075$316,079
I-9 Program service revenue$0
I-10 Investment incomePrior year $2,213$45,185
I-11 Other revenue$0
I-12 Total revenuePrior year $258,288$361,264
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefits$0
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $255,807$249,800
I-18 Total expensesPrior year $255,807$249,800
I-19 Revenue less expensesPrior year $2,481$111,464
Part VI · Governance 24 of 24 board members independent, 3 to look at
VI-1a Voting members of the governing body24
VI-1b Independent voting members24
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $361,264 across 6 lines filed
VIII-1e Government grants$125,000
VIII-1f All other contributions, gifts and grants$191,079
VIII-1h Total contributions, gifts and grants$316,079
VIII-3 Investment incomeRelated to mission $661$661
VIII-7 Net gain or loss on sales of assetsRelated to mission $44,524$44,524
VIII-12 Total revenueRelated to mission $45,185$361,264
Part IX · Statement of functional expenses $249,800 across 9 lines filed
IX-12 Advertising and promotionPrograms $13$13
IX-13 Office expensesPrograms $8,176$8,176
IX-14 Information technologyPrograms $632$632
IX-16 OccupancyPrograms $1,350$1,350
IX-19 Conferences, conventions and meetingsPrograms $7,480$7,480
IX-20 InterestPrograms $23,789$23,789
IX-22 Depreciation, depletion and amortizationPrograms $661$661
IX-24 Other expenses (24a–d)Programs $201,193$201,193
IX-24e All other expensesPrograms $6,506$6,506
IX-25 Total functional expensesPrograms $249,800 · Management $0 · Fundraising $0$249,800
Part X · Balance sheet $1,829,267 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $69,442$111,719
X-2 Savings and temporary cash investmentsStart of year $351,876$267,932
X-4 Accounts receivableStart of year $15,714$24,850
X-9 Prepaid expenses and deferred charges$1,080
X-10c Land, buildings and equipment, netStart of year $1,572,135$1,423,686
X-16 Total assetsStart of year $2,009,167$1,829,267
X-17 Accounts payable and accrued expensesStart of year $6,445$46,840
X-19 Deferred revenueStart of year $27,458$2,600
X-26 Total liabilitiesStart of year $1,571,733$1,280,369
X-27 Net assets without donor restrictionsStart of year $437,434$548,898
X-32 Total net assets or fund balancesStart of year $437,434$548,898
X-33 Total liabilities and net assetsStart of year $2,009,167$1,829,267
Part XI · Reconciliation of net assets $548,898 net assets at year end
XI-1 Total revenue$361,264
XI-2 Total expenses$249,800
XI-3 Revenue less expenses$111,464
XI-4 Net assets at start of year$437,434
XI-10 Net assets at end of year$548,898

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

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

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.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street 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, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.