Nonprofit · EIN 47-2521449
DEVELOP AMERICA INC
Tax-exempt (reinstated) · MILWAUKEE, WI 53211
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,725,035 | $2,160,309 | -$435,274 | $112,620 | $78,347 | $34,273 |
| December 31, 2024 | 990 | $584,962 | $466,062 | $118,900 | $603,476 | $90,643 | $512,833 |
| December 31, 2023 | 990 | $845,550 | $893,753 | -$48,203 | $452,525 | $58,592 | $393,933 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,701,295
- of which government grants
- $1,701,295
- Program service revenue
- $0
- Investment income
- $23,740
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $268,275
- Salaries, compensation and benefits (total)
- $290,079
- Professional fundraising fees
- $0
- Legal fees
- $675
- Accounting fees
- $97,500
- Occupancy
- $2,920
- Travel
- $1,908
- Program services (functional)
- $2,096,002
- Management and general (functional)
- $64,307
Balance sheet and other
- Total assets, start of year
- $560,190
- Total assets, end of year
- $112,620
- Total liabilities, end of year
- $78,347
- Net assets, end of year
- $34,273
- Net assets without donor restrictions
- $34,273
- Gross receipts
- $1,725,035
- Employees
- 3
- Volunteers
- 2
- Year formed
- 2022
- State of legal domicile
- WI
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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| DAMON DORSEY | EXECUTIVE DIRECTOR Trustee or director, Officer, Highest-paid employee | 40 | $162,292 |
| MAYA HAMMOURI | CHIEF OPERATING OFFICER Trustee or director, Key employee | 40 | $112,083 |
| PAULINE GRANT-JONES | TREASURER Officer | 20 | $75,675 |
| SHAJUAN KENNEDY | MEMBER Officer | 2 | $0 |
| MARIA DORSEY | SECRETARY Officer | 2 | $0 |
| ROXANNE WILLIAMS | MEMBER Officer | 2 | $0 |
990 for the year ended December 31, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| DAMON DORSEY | EXECUTIVE DIRECTOR Trustee or director, Key employee | 40 | $139,375 | $0 |
| MAYA HAMMOURI | CHIEF OPERATING OFFICER Trustee or director, Key employee | 40 | $81,354 | $0 |
| PAULINE GRANT-JONES | TREASURER Officer | 20 | $0 | $74,525 |
| DR SHA'JUAN KENNEDY | MEMBER Trustee or director | 2 | $0 | $0 |
| MARIA DORSEY | SECRETARY Officer | 2 | $0 | $0 |
| ROXANNE WILLIAMS | MEMBER Officer | 2 | $0 | $0 |
990 for the year ended December 31, 2023: 5 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARIA DORSEY | SECRETARY Officer | 0 | $0 |
| ROXANNE WILLIAMS | MEMBER Officer | 0 | $0 |
| PAULINE GRANT-JONES | TREASURER Officer | 0 | $0 |
| DAMON DORSEY | EXECUTIVE DIRECTOR Key employee | 0 | $0 |
| MAYA HAMMOURI | CHIEF OPERATING OFFICER Key employee | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 11661, MILWAUKEE, WI 53211-0661
- In care of
- % DAMON DORSEY
- Mailing address (990-N for 2021)
- PO Box 11661, Shorewood WI 53211
- Principal officer (990 for 2025)
- DAMON DORSEY, PO BOX 11661, Milwaukee, WI 53211
- Principal officer (990-N for 2021)
- Damon Dorsey, PO Box 11661, Shorewood WI 53211
- Signed the 990
- DAMON DORSEY, PRESIDENT
- Phone
- (414) 232-2538
- Website
- DEVELOPWISCONSIN.COM
- Return prepared by
- Grant-Jones CPA PLLC
Mission
DEVELOP WISCONSIN BUILDS AND DEVELOPS BUSINESS DEVELOPMENT ECOSYSTEMS TO MORE EFFECTIVELY AND EFFICIENTLY PROVIDE BUSINESS OWNERS WITH THE RESOURCES, SUPPORT, NETWORKS AND ACCESS TO MARKETS THAT THEY NEED TO GROW. COMMUNITIES EXPERIENCE STRONG ECONOMIC GROWTH.
Program accomplishments
- PROVIDES ASSISTANCE TO SMALL BUSINESS OWNED BY INDIVIDUALS THAT HAVE EXPERIENCED BARRIERS TO CAPITAL AND HAVE BEEN DISPROPORTIONATELY IMPACTED BY THE COVID-19 PANDEMIC.Expenses $1,942,461
- SUPPORT STARTUPS AND ENTREPRENEURS THROUGHOUT THE STATE OF WISCONSIN SO ASPIRING BUSINESS OWNERS CAN CONNECT WITH THE RESOURCES THEY NEED.Expenses $80,286
- SUPPORT VETERAN STARTUPS AND ENTREPRENEURS SO ASPIRING BUSINESS OWNERS CAN CONNECT WITH THE RESOURCES THEY NEED.Expenses $73,255
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 47-2521449
- 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
- 2018
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Public and societal benefit (W30)
- Assets (IRS master file)
- $112,620
- Income (IRS master file)
- $1,725,035
Revocation and reinstatement
- Exemption revoked
- May 15, 2017
- Posted by the IRS
- August 16, 2017
- Reinstated
- Effective May 15, 2017
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,725,035 | $2,160,309 | $112,620 | XML |
| 990 | December 2024 | $584,962 | $466,062 | $603,476 | IRS |
| 990 | December 2023 | $845,550 | $893,753 | $452,525 | XML |
| 990 | December 2022 | $742,745 | $300,609 | $516,117 | IRS |
| 990-N for 2021 Officer: Damon Dorsey | December 31, 2021 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2020 Officer: Damon Dorsey | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
| 990-N for 2019 Officer: Damon Dorsey | December 31, 2019 | ≤ $50,000 receipts | – | – | e-Postcard |
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 47-2521449).
Questions about DEVELOP AMERICA INC
- What is the EIN of DEVELOP AMERICA INC?
- The employer identification number (EIN) of DEVELOP AMERICA INC is 47-2521449.
- Is DEVELOP AMERICA INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2017 and reinstated it effective May 15, 2017.
- Are donations to DEVELOP AMERICA INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DEVELOP AMERICA INC 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 DEVELOP AMERICA INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DEVELOP AMERICA INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of DEVELOP AMERICA INC?
- The 990 for the year ended December 31, 2025 names DAMON DORSEY.
- Who are the officers and directors of DEVELOP AMERICA INC?
- The 990 for the year ended December 31, 2025 lists 6 people; 3 received compensation from the organization, the highest $162,292 (DAMON DORSEY, EXECUTIVE DIRECTOR).
- How much revenue does DEVELOP AMERICA INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,725,035, expenses of $2,160,309 and total assets of $112,620 at year end.
Other nonprofits in MILWAUKEE
- MOBILISE INC EIN 39-1717955 · last filed 990 for 2024
- CITIZEN ACTION OF WISCONSIN EDUCATION FUND INC EIN 39-1520619 · last filed 990 for 2024
- WISCONSIN POLICY FORUM INC EIN 39-0806182 · last filed 990 for 2025
- MACCANON BROWN HOMELESS SANCTUARY INC EIN 46-3864539 · last filed 990 for 2024
- BADGER INSTITUTE INC EIN 39-1592727 · last filed 990 for 2026
- WISCONSIN FOR ALL INC EIN 99-1837615 · last filed 990 for 2025
- DR HOWARD FULLER COLLEGIATE ACADEMY FOUNDATION INC EIN 92-2315250 · last filed 990 for 2025
- JAY ACADEMY INC EIN 92-1314766 · last filed 990-PF for 2025
All nonprofits in MILWAUKEE · Wisconsin · Public and societal benefit