Liabilities / Assets
65th percentile
Higher debt load relative to assets than 65% of similar nonprofits.
Delaware Innovation Fund
990 • Fiscal year 2010 • EIN 23-2799695
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.31x
Liabilities / Revenue
Score unavailable
Liabilities-to-revenue requires both liabilities and revenue on this filing.
Net Margin
Score unavailable
Net margin requires both revenue and expenses on this filing.
Top Officer Pay
Score unavailable
This filing does not contain officer compensation rows.
Asset Growth
Score unavailable
No earlier valid filing was available within the previous three public years.
Revenue Growth
Score unavailable
No valid filing value is available for this score.
Balance Sheet
Assets
$1,920,868
No earlier filing loaded for comparison.
Net Assets
$1,323,368
No earlier filing loaded for comparison.
Liabilities
$597,500
No earlier filing loaded for comparison.
Revenue And Expenses
Revenue
-
No earlier filing loaded for comparison.
Expenses
$354,537
No earlier filing loaded for comparison.
Net Income
-
No earlier filing loaded for comparison.
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2010 to Dec 31, 2010
- Signed
- Nov 15, 2011
- Return Version
- 2010v3.4
- Gross Receipts
- $54,899
Mission and Program Overview
Mission
The delaware innovation fund is a private delaware corporate nonprofit, nonstock economic development firm established to assist in the initial capitalization of pre-seed and early stage businesses. The goal of the delaware innovation fund is to promote early stage venture investments and job growth within high technology and proprietary companies throughout delaware and the surrounding region. To accomplish this, the fund provides financial and technical support during the critical early stages of company development.
Filing and Contact Details
Filer
- EIN
- 23-2799695
Raw XML AppendixShowing 400 of 401 raw XML fields
This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.
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| IRS990/ActivityOrMissionDescription | 0 | THE DELAWARE INNOVATION FUND IS A PRIVATE DELAWARE CORPORATE NONPROFIT, NONSTOCK ECONOMIC DEVELOPMENT FIRM ESTABLISHED TO ASSIST IN THE INITIAL CAPITALIZATION OF PRE-SEED AND EARLY STAGE BUSINESSES. THE GOAL OF THE DELAWARE INNOVATION FUND IS TO PROMOTE EARLY STAGE VENTURE INVESTMENTS AND JOB GROWTH WITHIN HIGH TECHNOLOGY AND PROPRIETARY COMPANIES THROUGHOUT DELAWARE AND THE SURROUNDING REGION. TO ACCOMPLISH THIS, THE FUND PROVIDES FINANCIAL AND TECHNICAL SUPPORT DURING THE CRITICAL EARLY STAGES OF COMPANY DEVELOPMENT. |
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| IRS990/Description | 0 | ASSISTED IN THE CREATION AND SUPPORT OF OVER 30 NEW COMPANIES, CREATING AND SUPPORTING OVER 2000 NEW JOBS SINCE INCEPTION, COUNSELED AND CONSULTED WITH OVER 300 EMERGING COMPANIES AND ISSUED QUARTERLY NEWSLETTERS. HOSTED OR CO-HOSTED SEVERAL SEMINARS IN A VARIETY OF TOPICS. |
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| IRS990/MissionDescription | 0 | THE DELAWARE INNOVATION FUND IS A PRIVATE DELAWARE CORPORATE NONPROFIT, NONSTOCK ECONOMIC DEVELOPMENT FIRM ESTABLISHED TO ASSIST IN THE INITIAL CAPITALIZATION OF PRE-SEED AND EARLY STAGE BUSINESSES. THE GOAL OF THE DELAWARE INNOVATION FUND IS TO PROMOTE EARLY STAGE VENTURE INVESTMENTS AND JOB GROWTH WITHIN HIGH TECHNOLOGY AND PROPRIETARY COMPANIES THROUGHOUT DELAWARE AND THE SURROUNDING REGION. TO ACCOMPLISH THIS, THE FUND PROVIDES FINANCIAL AND TECHNICAL SUPPORT DURING THE CRITICAL EARLY STAGES OF COMPANY DEVELOPMENT. |
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| IRS990ScheduleO/GeneralExplanation/Explanation | 0 | DAVID FRESCHMAN, THE PRESIDENT, AND PATRICK FOLEY, A BOARD MEMBER, OWN MAJORITY SHARES IN THE MANAGEMENT COMPANY USED BY THE ORGANIZATION TO HANDLE THE DAILY OPERATING DUTIES OF THE CORPORATION. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 1 | THE ORGANIZATION ENTERED INTO AN AGREEMENT WITH INNOVATION CAPITAL ADVISORS, LLC TO ASSUME THE RESPONSIBILITY OF THE DAY-TO-DAY OPERATING DUTIES OF THE ORGANIZATION INCLUDING TECHNICAL, OPERATING, BUSINESS AND REPORTING FUNCTIONS. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 2 | 990 IS E-MAILED TO ALL BOARD OF DIRECTORS FOR REVIEW PRIOR TO FILING RETURN WITH INTERNAL REVENUE SERVICE. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 3 | OFFICERS, DIRECTORS AND EMPLOYEES ARE REQUIRED ANNUALLY TO SIGN A CONFLICT OF INTEREST STATEMENT. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 4 | THE 990 IS AVAILABLE ON GUIDESTAR.ORG OR UPON DIRECT REQUEST TO THE ORGANIZATION. |
| IRS990ScheduleO/GeneralExplanation/Explanation | 5 | GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. |
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| IRS990/TotalExpensesCurrentYear | 0 | 354537 |
| IRS990/TotalExpensesPriorYear | 0 | 810174 |
| IRS990/TotalFunctionalExpenses/Fundraising | 0 | 0 |
| IRS990/TotalFunctionalExpenses/ManagementAndGeneral | 0 | 10636 |
| IRS990/TotalFunctionalExpenses/ProgramServices | 0 | 343901 |
| IRS990/TotalFunctionalExpenses/Total | 0 | 354537 |
| IRS990/TotalFundrsngExpCurrentYear | 0 | 0 |
| IRS990/TotalGrossUBI | 0 | 0 |
| IRS990/TotalLiabilities/BOY | 0 | 610206 |
| IRS990/TotalLiabilitiesBOY | 0 | 610206 |
| IRS990/TotalLiabilities/EOY | 0 | 597500 |
| IRS990/TotalLiabilitiesEOY | 0 | 597500 |
| IRS990/TotalLiabNetAssetsFundBalances/BOY | 0 | 2233212 |
| IRS990/TotalLiabNetAssetsFundBalances/EOY | 0 | 1920868 |
| IRS990/TotalNbrEmployees | 0 | 0 |
| IRS990/TotalNbrVolunteers | 0 | 0 |
| IRS990/TotalNetAssetsFundBalances/BOY | 0 | 1623006 |
| IRS990/TotalNetAssetsFundBalances/EOY | 0 | 1323368 |
| IRS990/TotalOtherCompensation | 0 | 0 |
| IRS990/TotalOtherRevenue | 0 | 23065 |
| IRS990/TotalProfFundrsngExpCY | 0 | 0 |
| IRS990/TotalProfFundrsngExpPriorYear | 0 | 0 |
| IRS990/TotalProgramServiceExpense | 0 | 343901 |
| IRS990/TotalReportableCompFrmRltdOrgs | 0 | 0 |
| IRS990/TotalReportableCompFromOrg | 0 | 3900 |
| IRS990/TotalRevenueCurrentYear | 0 | 54899 |
| IRS990/TotalRevenue/ExclusionAmount | 0 | 0 |
| IRS990/TotalRevenuePriorYear | 0 | 1074954 |
| IRS990/TotalRevenue/RelatedOrExemptFunctionIncome | 0 | 54899 |
| IRS990/TotalRevenue/TotalRevenueColumn | 0 | 54899 |
| IRS990/TotalRevenue/UnrelatedBusinessRevenue | 0 | 0 |
| IRS990/TransactionRelatedEntity | 0 | 0 |
| IRS990/TransfersToExemptNonChrtblOrg | 0 | 0 |
| IRS990/Travel/ManagementAndGeneral | 0 | 7 |
| IRS990/Travel/ProgramServices | 0 | 233 |
| IRS990/Travel/Total | 0 | 240 |
| IRS990/TypeOfOrganizationCorporation | 0 | X |
| IRS990/UnrelatedBusinessIncome | 0 | 0 |
| IRS990/UnrestrictedNetAssets/BOY | 0 | 1623006 |
| IRS990/UnrestrictedNetAssets/EOY | 0 | 1323368 |
| IRS990/UponRequest | 0 | X |
| IRS990/WebSite | 0 | WWW.DIFONLINE.COM |
| IRS990/WhistleblowerPolicy | 0 | 0 |
| IRS990/YearFormation | 0 | 1995 |
| ReturnHeader/BuildTS | 0 | 2016-02-24 21:20:13Z |
| ReturnHeader/Filer/EIN | 0 | 232799695 |
| ReturnHeader/Filer/Name/BusinessNameLine1 | 0 | DELAWARE INNOVATION FUND |
| ReturnHeader/Filer/NameControl | 0 | DELA |
| ReturnHeader/Filer/Phone | 0 | 3027771616 |
| ReturnHeader/Filer/USAddress/AddressLine1 | 0 | THREE MILL ROAD SUITE 201 |
| ReturnHeader/Filer/USAddress/City | 0 | WILMINGTON |
| ReturnHeader/Filer/USAddress/State | 0 | DE |
| ReturnHeader/Filer/USAddress/ZIPCode | 0 | 198062147 |
| ReturnHeader/Officer/DateSigned | 0 | 2011-11-15 |
| ReturnHeader/Officer/Name | 0 | DAVID J FRESCHMAN CPA |
| ReturnHeader/Officer/Phone | 0 | 3027771616 |
| ReturnHeader/Officer/Title | 0 | PRESIDENT |
| ReturnHeader/Preparer/DatePrepared | 0 | 2011-11-15 |
| ReturnHeader/PreparerFirm/PreparerFirmBusinessName/BusinessNameLine1 | 0 | BARBACANE THORNTON & COMPANY LLP |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/AddressLine1 | 0 | 200 SPRINGER BLDG 3411 SILVERSIDE R |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/City | 0 | WILMINGTON |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/State | 0 | DE |
| ReturnHeader/PreparerFirm/PreparerFirmUSAddress/ZIPCode | 0 | 198104866 |
| ReturnHeader/Preparer/Name | 0 | ANTHONY R D'AMATO JR CPA |
| ReturnHeader/Preparer/Phone | 0 | 3024788940 |
| ReturnHeader/ReturnType | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDate | 0 | 2010-01-01 |
| ReturnHeader/TaxPeriodEndDate | 0 | 2010-12-31 |
| ReturnHeader/TaxYear | 0 | 2010 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2010 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.
- Assets
- $1,920,868
- Liabilities
- $597,500
- Net assets
- $1,323,368
- Revenue
- -
- Expenses
- $354,537
- Net income
- -