Overview
What is Delaware Advancement Corporation?
The Delaware Advancement Corporation, situated in Muncie, Indiana, is a dedicated nonprofit organization. Its primary mission is to stimulate economic growth in the Muncie-Delaware County region by offering top-notch meeting facilities and catering services. This endeavor aims to attract investments and generate quality job opportunities, ultimately enhancing the community's overall quality of life. The corporation, with a team of 34 employees, operates a convention center to encourage such development.
Official website here: www.horizonconvention.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 91% (Four-Star out of Four Stars)
Delaware Advancement Corporation has received a Four-Star rating from Charity Navigator, indicating a high level of accountability and financial health. The charity achieved a score of 91% based entirely on its Accountability & Finance metrics, showcasing a strong commitment to transparency and effective governance. Its financial practices are robust, reflecting efficient management of resources.
The organization has an independent board, with 100% of its members being independent, which enhances its integrity and decision-making processes. Additionally, it scored well on various criteria, such as financial oversight, material diversion of assets, and conflict of interest policies. These factors contribute to a favorable assessment of the organization's operational practices and accountability.
However, it is noted that Delaware Advancement Corporation lacks a whistleblower policy, which could be an area for improvement in further strengthening its ethical framework. Despite this, the overall financial health and governance structure appear to support its mission effectively.
This AI summary has been generated from information found on Charity Navigator.
Is Delaware Advancement Corporation legitimate?
Delaware Advancement Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delaware Advancement Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $209,481
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.horizonconvention.com
What is the mission statement of Delaware Advancement Corporation?
The Delaware Advancement Corporation actively works towards promoting investment, primarily aiming to create and retain high-quality job opportunities. This initiative is designed to enhance the overall quality of life in the community. One of their strategies to achieve this goal is by operating a convention center, offering catering services. This facility provides meeting spaces, thereby encouraging economic development.
Official website here: www.horizonconvention.com
Who is the CEO of Delaware Advancement Corporation?
Elizabeth Rowray is the CEO of Delaware Advancement Corporation The CEO's salary of Delaware Advancement Corporation is $49,879 and their total compensation is $53,086.
Official website here: www.horizonconvention.com
What is the revenue of Delaware Advancement Corporation?
Delaware Advancement Corporation's revenue in 2023 was $4,549,047.
Official website here: www.horizonconvention.com
Who are the executives of Delaware Advancement Corporation and what are their salaries?
The average compensation at Delaware Advancement Corporation during 2023 was $4,364. There are 48 employees and 20 volunteers at Delaware Advancement Corporation.
Here are 19 key members and their salaries (Delaware Advancement Corporation's CEO's salary is $49,879 and their total compensation is $53,086):
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- Compensation: $146,570
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- Other: $9,825
- Compensation: $49,879
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- Other: $3,207
Official website here: www.horizonconvention.com
Where can I find the form 990 for Delaware Advancement Corporation?
Delaware Advancement Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.horizonconvention.com
Learn more at the official website: www.horizonconvention.com
Mission Statement of Delaware Advancement Corporation
The Delaware Advancement Corporation, a prominent organization, is committed to actively promoting investment within Muncie-Delaware County. Their mission is twofold: firstly, to stimulate the creation and retention of high-quality job opportunities. Secondly, they aim to enhance the overall quality of life within the community. To achieve these objectives, the corporation operates a convention center, offering catering services. This facility serves as a catalyst for economic development by providing suitable meeting facilities, thereby attracting various events and businesses to the area.
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Impact
October, 2024
Delaware Advancement Corporation has a profound impact on economic development in Muncie, Indiana, by operating a convention center with catering services. This facility not only serves as a venue for meetings and events but also plays a crucial role in attracting investment to the region. By providing high-quality meeting spaces, the corporation encourages businesses and organizations to host conferences and gatherings, thereby stimulating local economic activity.
The corporation's mission emphasizes the creation and retention of quality job opportunities, which directly enhances the community's quality of life. Through its efforts, Delaware Advancement Corporation helps to position Muncie-Delaware County as an attractive destination for business investment, fostering a vibrant local economy that benefits residents and improves community resources. The emphasis on community improvement aligns with their activities, making a lasting positive impact on the region's economic landscape.
This information is meant to be a general summary of Delaware Advancement Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $5,778
- Program Service Revenue: $419,993
- Gross Receipts: $5,182,383
Assets and Liabilities:
- Total Assets: $13,220,362
- Total Liabilities: $6,793,843
- Net Assets: $6,426,519
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PUBLIC CONVENTION CENTER
Revenue
$360,203
ECONOMIC DEVELOPMENT
Revenue
$59,790
Organization Details
Founding Year
1994
Principal Officer
Joann Mckinney
Website
www.horizonconvention.comNTEE Category
Code: S31 - Community improvement
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