Delaware Innovation Fund

990 • Fiscal year 2011 • EIN 23-2799695

Jan 01, 2011 to Dec 31, 2011 • Filed on Nov 14, 2012

Organization Profile WWW.DIFONLINE.COM

Three Mill Road Suite 20119806-2147

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

0.36x

Higher debt load relative to assets than 69% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2011

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2011

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2011

No value available

This filing does not contain officer compensation rows.

Source year 2011

-12%

Faster asset growth than 12% of similar nonprofits.

2011 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2010 to 2011

No value available

No valid filing value is available for this score.

Balance Sheet

Liabilities / Assets69th percentile

Assets

Down

$1,697,764

Down $223,104 (-12%) from 2010

Net Assets

Down

$1,087,764

Down $235,604 (-18%) from 2010

Liabilities

$610,000

Up $12,500 (+2.1%) from 2010

Revenue And Expenses

Liabilities / RevenueScore unavailable Net MarginScore unavailable

Revenue

No earlier filing loaded for comparison.

Expenses

Down

$297,044

Down $57,493 (-16%) from 2010

Net Income

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth12th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

Highlighted filing

2011

Assets$1,697,764

Liabilities$610,000

Net Assets$1,087,764

Open 2011 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income across loaded years, with this filing highlighted.

Highlighted filing

2011

Revenue-

Expenses$297,044

Net Income-

Open 2011 Filing

Jump To

Filing Snapshot

Filing Period: Jan 1, 2011 to Dec 31, 2011
Signed: Nov 14, 2012
Return Version: 2011v1.2
Gross Receipts: $61,440

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

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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.
IRS990ScheduleO/GeneralExplanation/ReturnReference	0	FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/GeneralExplanation/ReturnReference	1	FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/GeneralExplanation/ReturnReference	2	FORM 990, PART VI, SECTION B, LINE 11
IRS990ScheduleO/GeneralExplanation/ReturnReference	3	FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/GeneralExplanation/ReturnReference	4	FORM 990, PART VI, SECTION C, LINE 18
IRS990ScheduleO/GeneralExplanation/ReturnReference	5	FORM 990, PART VI, SECTION C, LINE 19
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IRS990/School	0	0
IRS990/SignificantChange	0	0
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IRS990/StateLegalDomicile	0	DE
IRS990/SubjectToProxyTax	0	0
IRS990/TaxablePartyNotification	0	0
IRS990/TaxExemptBonds	0	0
IRS990/Terminated	0	0
IRS990/TermOrPermanentEndowments	0	0
IRS990/TheBooksAreInCareOf/AddressUS/AddressLine1	0	THREE MILL ROAD SUITE 201
IRS990/TheBooksAreInCareOf/AddressUS/City	0	WILMINGTON
IRS990/TheBooksAreInCareOf/AddressUS/State	0	DE
IRS990/TheBooksAreInCareOf/AddressUS/ZIPCode	0	198062147
IRS990/TheBooksAreInCareOf/NameBusiness/BusinessNameLine1	0	DAVID J FRESCHMAN CPA
IRS990/TheBooksAreInCareOf/TelephoneNumber	0	3027771616
IRS990/TotalAssets/BOY	0	1920868
IRS990/TotalAssetsBOY	0	1920868
IRS990/TotalAssets/EOY	0	1697764
IRS990/TotalAssetsEOY	0	1697764
IRS990/TotalCompGT150K	0	0
IRS990/TotalExpensesCurrentYear	0	297044
IRS990/TotalExpensesPriorYear	0	354537
IRS990/TotalFunctionalExpenses/Fundraising	0	0
IRS990/TotalFunctionalExpenses/ManagementAndGeneral	0	8911
IRS990/TotalFunctionalExpenses/ProgramServices	0	288133
IRS990/TotalFunctionalExpenses/Total	0	297044
IRS990/TotalFundrsngExpCurrentYear	0	0
IRS990/TotalGrossUBI	0	0
IRS990/TotalLiabilities/BOY	0	597500
IRS990/TotalLiabilitiesBOY	0	597500
IRS990/TotalLiabilities/EOY	0	610000
IRS990/TotalLiabilitiesEOY	0	610000
IRS990/TotalLiabNetAssetsFundBalances/BOY	0	1920868
IRS990/TotalLiabNetAssetsFundBalances/EOY	0	1697764
IRS990/TotalNbrEmployees	0	0
IRS990/TotalNbrVolunteers	0	8
IRS990/TotalNetAssetsFundBalances/BOY	0	1323368
IRS990/TotalNetAssetsFundBalances/EOY	0	1087764
IRS990/TotalOtherCompensation	0	0
IRS990/TotalOtherRevenue	0	10
IRS990/TotalProfFundrsngExpCY	0	0
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IRS990/TotalReportableCompFrmRltdOrgs	0	0
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IRS990/TotalRevenueCurrentYear	0	61440
IRS990/TotalRevenue/ExclusionAmount	0	11440
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IRS990/TotalRevenue/RelatedOrExemptFunctionIncome	0	50000
IRS990/TotalRevenue/TotalRevenueColumn	0	61440
IRS990/TotalRevenue/UnrelatedBusinessRevenue	0	0
IRS990/TransactionRelatedEntity	0	0
IRS990/TransfersToExemptNonChrtblOrg	0	0

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2011 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing

Assets: $1,697,764
Liabilities: $610,000
Net assets: $1,087,764
Revenue: -
Expenses: $297,044
Net income: -

	Balance Sheet			Operations
Year	Assets	Liabilities	Net Assets	Revenue	Expenses	Net Income
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.00	$0.00	$0.00	$0.01	$0.07	$0.08
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.27	$0.04	$0.24	$0.00	$0.10	$0.10
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.38	$0.04	$0.34	$0.00	$0.09	$0.09
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.39	$0.00	$0.39	$0.17	$0.27	$0.10
2014XML pending. An XML filing is linked for this year, but detailed extraction is still pending.	$0.84	$0.36	$0.48	$0.00	$0.20	$0.20
2013Detailed filing. Detailed filing data is available for this year.	$1.33	$0.46	$0.87	$0.00	$0.12	$0.12
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.48	$0.50	$0.99		$0.10
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.70	$0.61	$1.09		$0.30
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.	$1.92	$0.60	$1.32		$0.35