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Nonprofit · EIN 31-1111841

DELAWARE ADVANCEMENT CORPORATION

Tax-exempt · MUNCIE, IN 47305

Financials

$4.5M$3.5M2022$4.4M$4M2023$3.5M$3.3M2024
Revenue Expenses · by fiscal year end
Financials of DELAWARE ADVANCEMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
September 30, 2025990$3,535,786$3,288,973$246,813$6,011,357$378,742$5,632,615
September 30, 2024990$4,359,701$3,992,560$367,141$15,230,312$6,537,277$8,693,035
September 30, 2023990$4,549,047$3,522,074$1,026,973$13,279,520$5,726,028$7,553,492
Financial details: 990 for the year ended September 30, 2025

Revenue

Contributions, gifts and grants
$2,046,170
of which government grants
$2,046,170
Program service revenue
$1,326,886
Investment income
$116,269
Net rental income
$2,500
Other revenue
$46,461

Expenses

Grants and similar amounts paid
$0
Compensation of officers, directors and key employees
$72,492
Other salaries and wages
$1,291,427
Salaries, compensation and benefits (total)
$1,702,672
Professional fundraising fees
$0
Legal fees
$32,361
Accounting fees
$31,000
Occupancy
$579,267
Travel
$4,856
Depreciation
$290,070
Program services (functional)
$2,588,460
Management and general (functional)
$700,513

Balance sheet and other

Total assets, start of year
$15,230,312
Total assets, end of year
$6,011,357
Total liabilities, end of year
$378,742
Net assets, end of year
$5,632,615
Land, buildings and equipment
$2,321,554
Net assets without donor restrictions
$5,632,615
Gross receipts
$3,535,786
Employees
54
Volunteers
5
Year formed
1984
State of legal domicile
IN

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended September 30, 2025, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
LASHANTA VAUGHNPRESIDENT/CE
Officer
47$107,939$6,092
ROB KEISLINGCHAIR
Trustee or director, Officer
1$0$0
JENNIFER SKENE1ST VICE CHA
Trustee or director, Officer
1$0$0
JEFF HOWESECRETARY
Trustee or director, Officer
1$0$0
MIKE O'CONNELLTREASURER
Trustee or director, Officer
1$0$0
BRYAN AYARSDIRECTOR
Trustee or director
1$0$0
WATASHA BARNES GRIFFINDIRECTOR
Trustee or director
1$0$0
JOE BARRDIRECTOR
Trustee or director
1$0$0
JENNIFER GIBSONDIRECTOR
Trustee or director
1$0$0
JOE HAMILTONDIRECTOR
Trustee or director
1$0$0
JEFF HUFFDIRECTOR
Trustee or director
1$0$0
JEFF PARSONSDIRECTOR
Trustee or director
1$0$0
JESSICA PIPERDIRECTOR
Trustee or director
1$0$0
DAN RIDENOURDIRECTOR
Trustee or director
1$0$0
SHERRY RIGGINDIRECTOR
Trustee or director
1$0$0
1 more people on this return
NameTitleHours / weekCompensation
RHONDA WARDDIRECTOR
Trustee or director
1$0
990 for the year ended September 30, 2024: 18 people
NameTitleHours / weekCompensationOther / benefits
JOANN MCKINNEYPRES/CEO-HOR
Officer
40$149,547$8,815
ELIZABETH ROWRAYPRESIDENT/CE
Officer
13$144,231$8,654
BRYAN AYERSDIRECTOR
Trustee or director
1$0$0
WATASHA BARNES GRIFFINDIRECTOR
Trustee or director
1$0$0
JOE BARRTREASURER
Trustee or director, Officer
1$0$0
JENNIFER GASIOREKDIRECTOR
Trustee or director
1$0$0
JENNIFER GIBSONVICE CHAIR
Trustee or director, Officer
1$0$0
JOE HAMILTONDIRECTOR
Trustee or director
1$0$0
JEFF HOWEDIRECTOR
Trustee or director
1$0$0
JEFF HUFFDIRECTOR
Trustee or director
1$0$0
ROB KEISLINGCHAIR
Trustee or director, Officer
1$0$0
MIKE O'CONNELLDIRECTOR
Trustee or director
1$0$0
JEFF PARSONSSECRETARY
Trustee or director, Officer
1$0$0
JESSICA PIPERDIRECTOR
Trustee or director
1$0$0
ANDREW POPPDIRECTOR
Trustee or director
1$0$0
DAN RIDENOURDIRECTOR
Trustee or director
1$0$0
SHERRY RIGGINDIRECTOR
Trustee or director
1$0$0
RHONDA WARDDIRECTOR
Trustee or director
1$0$0
990 for the year ended September 30, 2023: 19 people
NameTitleHours / weekCompensationOther / benefits
JOANN MCKINNEYPRES/CEO-HORIZON CONV
Officer
40$146,570$9,825
ELIZABETH ROWRAYPRESIDENT/CEO
Officer
13$49,879$3,207
JEFF HOWEDIRECTOR
Trustee or director
1$0$0
JEFF HUFFDIRECTOR
Trustee or director
1$0$0
MIKE O'CONNELLDIRECTOR
Trustee or director
1$0$0
MIKE TSCHUORDIRECTOR
Trustee or director
1$0$0
ANDREW POPPDIRECTOR
Trustee or director
1$0$0
SCOTT ALEXANDERDIRECTOR
Trustee or director
1$0$0
SARA SHADE HAMILTONIMMEDIATE PAST CHAIR
Trustee or director, Officer
1$0$0
DAN RIDENOURDIRECTOR
Trustee or director
1$0$0
PETE VOSSDIRECTOR
Trustee or director
1$0$0
SHERRY RIGGINDIRECTOR
Trustee or director
1$0$0
JOE BARRTREASURER
Trustee or director, Officer
1$0$0
SUSANA RIVERA-MILLSDIRECTOR
Trustee or director
1$0$0
ROB KEISLINGCHAIR
Trustee or director, Officer
1$0$0
RHONDA WARDDIRECTOR
Trustee or director
1$0$0
BRIAN AYARSDIRECTOR
Trustee or director
1$0$0
JENNIFER GIBSON1ST VICE CHAIR
Trustee or director, Officer
1$0$0
JEFF PARSONSDIRECTOR
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
401 S HIGH ST, MUNCIE, IN 47305-2300
Principal officer (990 for 2024)
LASHANTA VAUGHN, 401 S HIGH STREET, MUNCIE, IN 47305
Signed the 990
LASHANTA VAUGHN, PRESIDENT/CEO
Phone
(765) 751-9108
Return prepared by
DULIN WARD & DEWALD INC

Mission

TO RENOVATE, EQUIP, OPERATE, MAINTAIN, AND PROMOTE THE USE OF THE FORMER FEDERAL BUILDING AS A CONVENTION CENTER.

990 for the year ended September 30, 2025

Program accomplishments

  • THE HORIZON CONVENTION CENTER DELIVERED HIGH-QUALITY PROGRAMS THAT ADVANCED OUR MISSION BY PROVIDING IMPACTFUL SERVICES TO INDIVIDUALS AND COMMUNITIES THROUGHOUT THE YEAR. THROUGH STRATEGIC PARTNERSHIPS AND TARGETED OUTREACH, WE EXPANDED ACCESS TO RESOURCES, STRENGTHENED COMMUNITY ENGAGEMENT, AND SUPPORTED MEASURABLE PARTICIPANT OUTCOMES. THESE EFFORTS RESULTED IN MEANINGFUL GROWTH IN PROGRAM PARTICIPATION AND ENHANCED THE OVERALL EFFECTIVENESS OF OUR SERVICES.
    Expenses $2,588,460 · revenue $1,326,886

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025September 30, 2026February 15, 2027Not due yet
2024September 30, 2025February 16, 2026990 on file
2023September 30, 2024February 17, 2025990 on file

IRS record

EIN
31-1111841
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
1984
Accounting year ends
September
Files
Form 990 or 990-EZ
Assets (IRS master file)
$6,011,357
Income (IRS master file)
$3,535,786

Filing history

FormYear endedRevenueExpensesAssetsReturn
990September 2025$3,535,786$3,288,973$6,011,357XML
990September 2024$4,359,701$3,992,560$15,230,312XML
990September 2023$4,549,047$3,522,074$13,279,520XML
990September 2022$3,902,728$2,982,605$13,220,362IRS
990September 2021–––IRS
990September 2020–––IRS
990September 2019–––IRS
990September 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 31-1111841).

Questions about DELAWARE ADVANCEMENT CORPORATION

What is the EIN of DELAWARE ADVANCEMENT CORPORATION?
The employer identification number (EIN) of DELAWARE ADVANCEMENT CORPORATION is 31-1111841.
Is DELAWARE ADVANCEMENT CORPORATION tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1984.
Are donations to DELAWARE ADVANCEMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DELAWARE ADVANCEMENT CORPORATION file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of DELAWARE ADVANCEMENT CORPORATION due?
The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DELAWARE ADVANCEMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended September 2025.
Who is the principal officer of DELAWARE ADVANCEMENT CORPORATION?
The 990 for the year ended September 30, 2025 names LASHANTA VAUGHN.
Who are the officers and directors of DELAWARE ADVANCEMENT CORPORATION?
The 990 for the year ended September 30, 2025 lists 16 people; 1 received compensation from the organization, the highest $107,939 (LASHANTA VAUGHN, PRESIDENT/CE).
How much revenue does DELAWARE ADVANCEMENT CORPORATION have?
On its 990 for the year ended September 30, 2025 it reported revenue of $3,535,786, expenses of $3,288,973 and total assets of $6,011,357 at year end.

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