Overview
What is Development Research Corporation?
Development Research Corporation, located in Dayton, Ohio, functions as a coalition that collaborates with various state and local economic development partners. Their primary objective is to assist companies seeking to expand or establish operations in the community. The Dayton metropolitan area is significant, with one in eleven jobs being federal civilian, military, or contractor positions. The coalition supports local military contractors, military personnel, and federal installations, thereby fostering job growth in the region. They engage with members and the community through events such as roundtables, forums, and panel discussions, and distribute newsletters, emails, and presentations upon request. The mission of this nonprofit organization is to recruit, expand, and retain jobs in the Dayton region, promoting entrepreneurial activity, retaining and attracting businesses, and advocating for the region's assets at the local, state, and national levels.
Official website here: www.daytonregion.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 90%, Four-Star out of Four Star rating. This rating signifies that Development Research Corporation demonstrates a strong commitment to accountability and finance management, with a perfect score in all relevant metrics. The high score reflects solid governance practices and effective financial stewardship.
The organization boasts an independent board comprised of 83% independent members, contributing to its robust governance structure. Additionally, the charity has implemented comprehensive policies, including conflict of interest and whistleblower protections, showcasing its dedication to ethical practices. The financial health of the organization is indicated by a low liabilities to assets ratio of 18.16% and a program expense ratio of 83.66%, suggesting that a significant portion of resources is directed towards its mission-driven activities.
However, while the financial and governance ratings are commendable, there are no noted weaknesses in the feedback, indicating a well-rounded organizational performance. Overall, Development Research Corporation stands out for its transparency and effective resource management, which positions it favorably within the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Development Research Corporation legitimate?
Development Research Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Development Research 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.daytonregion.com
What is the mission statement of Development Research Corporation?
The Development Research Corporation's mission is centered around promoting job growth in its operations. Specifically, the organization aims to retain existing jobs, expand its workforce, and recruit new talent. This is achieved through various means, including supporting entrepreneurial activity, advocating for the region at local, state, and national levels, and bolstering business creation and opportunities. The corporation's efforts contribute to the overall objective of boosting job prospects and development within its area of operation.
Official website here: www.daytonregion.com
Who is the CEO of Development Research Corporation?
David Harrison is the Chair of Development Research Corporation. The CEO's salary of Development Research Corporation is $0 and their total compensation is $330,586.
Official website here: www.daytonregion.com
What is the revenue of Development Research Corporation?
Development Research Corporation's revenue in 2022 was $466,440.
Official website here: www.daytonregion.com
Who are the executives of Development Research Corporation and what are their salaries?
Here are 11 key members and their salaries (Development Research Corporation's CEO's salary is $0 and their total compensation is $330,586):
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
- Related: $330,486
- Other: $100
- Compensation: $0
- Related: $242,810
- Other: $100
- Compensation: $0
- Related: $176,358
- Other: $100
- Compensation: $0
- Related: $242,192
- Other: $100
- Compensation: $0
- Related: $199,900
- Other: $100
- Compensation: $0
- Related: $191,658
- Other: $100
Official website here: www.daytonregion.com
Where can I find the form 990 for Development Research Corporation?
Development Research Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.daytonregion.com
Learn more at the official website: www.daytonregion.com
Mission Statement of Development Research Corporation
Development Research Corporation, as an organization, is dedicated to a mission that involves retaining, expanding, and recruiting jobs within the Dayton region. This mission is not limited to maintaining the existing workforce but also includes attracting new businesses and fostering entrepreneurial activities. By focusing on the growth of the 14-county Dayton region, the corporation plays a significant role in boosting job creation and opportunities. To achieve this, the organization advocates for and promotes the region's assets at the local, state, and national levels. This proactive approach to job retention and attraction is a key component of Development Research Corporation's mission to support the economic vitality of the Dayton region.
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Impact
July, 2024
Development Research Corporation's impact is significant in the Dayton region, focusing on retaining, expanding, and recruiting jobs. The organization collaborates with a wide network of state and local economic development partners to assist companies looking to establish or grow their presence in the community. Particularly crucial in the Dayton metropolitan area, where a substantial portion of jobs are federal civilian, military, or contractor positions, Development Research Corporation plays a vital role in supporting local military contractors, military personnel, and federal installations to promote job growth in the region. Through various communication channels and events such as roundtables, forums, and panel discussions, the organization actively engages with members and the community to facilitate job creation and economic development. Its mission to recruit, expand, and retain jobs underscores its commitment to fostering entrepreneurial activity, retaining and attracting businesses, and advocating for the region's assets at local, state, and national levels.
This information is meant to be a general summary of Development Research 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 2022.
- Investment Income: $63,256
- Gross Receipts: $466,440
Assets and Liabilities:
- Total Assets: $2,143,357
- Total Liabilities: $389,441
- Net Assets: $1,753,916
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Organization Details
Founding Year
1995
Phone
(937) 222-4422Principal Officer
David Harrison
Main Address
1401 S MAIN STREET 200, DAYTON, OH, 45409
Website
www.daytonregion.comNTEE Category
Code: S30 - Community improvement
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