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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Delaware Advancement Corporation

Delaware Advancement Corporation

Fiscal year ending 2022. Filed on August 15, 2023.

401 S High Street
Muncie, Indiana 47305

Delaware Advancement Corporation (EIN: 31-1111841) has filed an IRS Form 990 since at least fiscal year 2016. In its fiscal year 2022 IRS Form 990 filing, Delaware Advancement Corporation, a 501(c)(3) charitable organization, reported compensation for 4 out of 34 total employees. Among the employees shown here, the average compensation is $83,826. The highest compensated employee at Delaware Advancement Corporation is Joann McKinney with fiscal year 2022 compensation of $144,883.

Revenue, expenses, and employee compensation

Revenue

$3,902,728

Expenses

$2,982,605

Employee compensation

$1,432,340
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Joann McKinney
Pres/Ceo-Horizon CONV
$144,883
$135,713 No related comp$9,170
Traci Lutton
VICE President-Econ Develo
$114,529
$97,535 No related comp$16,994
Jay Julian
Former President and CEO
$50,342
$47,152 No related comp$3,190
Elizabeth Rowray
President and Chief Executive Officer
$25,548
$23,989 No related comp$1,559

Benchmark Employee Compensation

Non-Employee Board Members

Adam Unger
Director
Andre Mitchell
Director
Brian Ayars
Director
Dan Ridemour
Director
Donna Munchel
Director
James King
Director
Jeff Parsons
Director
Jennifer Gibson
Director
Joe Barr
Treasurer
Keith Gary
Director
Kelly Shrock
Former Chair
Mike Tschuor
Second Vice Chair

Mission Statement

TO AGGRESSIVELY PROMOTE INVESTMENT IN MUNCIE-DELAWARE COUNTY WHICH WILL RESULT IN THE CREATION AND RETENTION OF QUALITY JOB OPPORTUNITIES AND ENHANCE THE QUALITY OF LIFE IN OUR COMMUNITY.

Revisions to this organization profile

August 15, 2025:
2024 Delaware Advancement Corporation 990 filed
August 15, 2024:
2023 Delaware Advancement Corporation 990 filed
August 15, 2023:
2022 Delaware Advancement Corporation 990 filed

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