EIN 31-1111841

Delaware Advancement Corporation

IRS 501(c) type
501(c)(3)
Num. employees
34
City
State
Year formed
1994
Most recent tax filings
2022-09-01
Description
Delaware Advancement Corporation promotes economic development and aggressively seeks investment in Muncie-Delaware County, resulting in the creation and retention of quality job opportunities and enhancing the community's quality of life. They operate a convention center with catering services to encourage economic development by providing meeting facilities. Their main objective is to seek new employers and maintain existing businesses for the county's economic development.
Total revenues
$3,902,728
2022
Total expenses
$2,982,605
2022
Total assets
$13,220,362
2022
Num. employees
34
2022

Program areas at Delaware Advancement Corporation

Operation of a convention center with catering services to encourage economic development by providing meeting facilities.
Manage parking garage associated with the convention center
Economic development of muncie-delaware county by seeking new employers and maintaining existing business.
Micro loan
To support the muncie redevelopment commission

Who funds Delaware Advancement Corporation

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Community Foundation of Muncie and Delaware CountyEconomic Development$101,000
George and Frances Ball FoundationVision 2021$60,000
George and Frances Ball FoundationVision 2021$60,000
...and 3 more grants received

Personnel at Delaware Advancement Corporation

NameTitleCompensation
Joann McKinneyPresident and Chief Executive Officer$135,713
Elizabeth RowrayPast President and Chief Executive Officer$23,989
Kelly ShrockSecond Vice Chair / Treasurer / Director$0
Rob KeislingFirst Vice Chair / Secretary / Director$0
Joe BarrTreasurer / Director$0
...and 16 more key personnel

Financials for Delaware Advancement Corporation

RevenuesFYE 09/2022
Total grants, contributions, etc.$2,842,586
Program services$324,640
Investment income and dividends$1,570
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$473,600
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$261,689
Miscellaneous revenues$-1,357
Total revenues$3,902,728

Form 990s for Delaware Advancement Corporation

Fiscal year endingDate received by IRSFormPDF link
2022-092023-08-15990View PDF
2021-092022-09-23990View PDF
2020-092021-09-03990View PDF
2019-092020-09-18990View PDF
2018-092019-04-15990View PDF
...and 8 more Form 990s
Data update history
October 7, 2023
Updated personnel
Identified 6 new personnel
October 5, 2023
Posted financials
Added Form 990 for fiscal year 2022
August 8, 2023
Posted financials
Added Form 990 for fiscal year 2021
May 23, 2023
Received grants
Identified 5 new grant, including a grant for $60,000 from George and Frances Ball Foundation
May 22, 2023
Received grants
Identified 1 new grant, including a grant for $101,000 from The Community Foundation of Muncie and Delaware County
Nonprofit Types
Business and community development organizationsConvention and visitors bureausCharities
Issues
Community improvementEconomic development
Characteristics
Receives government fundingEndowed supportTax deductible donations
General information
Address
401 S High St
Muncie, IN 47305
Metro area
Muncie, IN
County
Delaware County, IN
Website URL
muncie.com/ 
Phone
(765) 288-6681
IRS details
EIN
31-1111841
Fiscal year end
September
Taxreturn type
Form 990
Year formed
1994
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S31: Urban, Community Economic Development
NAICS code, primary
561591: Convention and Visitors Bureaus
Parent/child status
Independent
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