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Filing year 2023

DELAWARE ADVANCEMENT CORPORATION

Muncie, Indiana·EIN 31-1111841·3
Total revenue
$4.4M
Total assets
$15.2M
Total expenses
$4M
Reported officers
18
Mission

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.

Executive compensation, broken down

Form 990 · Schedule J · 2 reported individuals · Filing year 2023

Pres/ceo-hor
officer (unspecified)
$158k
$175k
Base
$150k
Bonus
Other
Benefits
$153k
$169k
Base
$144k
Bonus
Other
Benefits

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 16 unpaid individuals.

Up 1%
from 2022

From $156k in 2022 to $158k in 2023.

$156k
2022
$158k
2023
In today's dollarsEst.
Down 2% in real terms$179k to $175k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

DELAWARE ADVANCEMENT CORPORATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$4.5M
$3.5M
2022
$4.4M
$4M
2023
Total revenue and total expenses from IRS Form 990 filings.
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