Civic Intelligence

Delaware Technology Park Inc.

990 • Fiscal year 2016 • EIN 51-0344637

Jul 01, 2015 to Jun 30, 2016 • Filed on Feb 01, 2017

Organization Profiledeltechpark.org
1 Innovation Way No 300Newark, DE 19711

(302) 452-1100

Siviq Scores

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

Liabilities / Assets

94th percentile

1.05x

Higher debt load relative to assets than 94% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

95th percentile

6.84x

Higher debt load relative to revenue than 95% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

18th percentile

-8.9%

Higher net margin than 18% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

14th percentile

$50,000

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 1.6% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

86th percentile

20%

Faster asset growth than 86% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

42nd percentile

0.7%

Faster revenue growth than 42% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets94th percentile

Assets

Up

$19,841,111

Up $3,348,143 (+20%) from 2015

Net Assets

Down

-$1,082,631

Down $370,753 (-52%) from 2015

Liabilities

Up

$20,923,742

Up $3,718,896 (+22%) from 2015

Revenue And Expenses
Liabilities / Revenue95th percentileNet Margin18th percentile

Revenue

Up

$3,060,774

Up $21,544 (+0.7%) from 2015

Expenses

Down

$3,331,993

Down $60,780 (-1.8%) from 2015

Net Income

Up

-$271,219

Up $82,324 (+23%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth86th percentile

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

$60M$40M$20M$0-$20MAssets 2011: $13,979,163Liabilities 2011: $11,670,966Net Assets 2011: $2,308,1972011Assets 2012: $13,166,331Liabilities 2012: $10,974,765Net Assets 2012: $2,191,5662012Assets 2013: $18,948,470Liabilities 2013: $18,188,049Net Assets 2013: $760,4212013Assets 2014: $17,726,935Liabilities 2014: $18,072,678Net Assets 2014: -$345,7432014Assets 2015: $16,492,968Liabilities 2015: $17,204,846Net Assets 2015: -$711,8782015Assets 2016: $19,841,111Liabilities 2016: $20,923,742Net Assets 2016: -$1,082,6312016Assets 2017: $17,015,238Liabilities 2017: $18,158,915Net Assets 2017: -$1,143,6772017Assets 2018: $15,570,539Liabilities 2018: $16,948,201Net Assets 2018: -$1,377,6622018Assets 2019: $14,794,533Liabilities 2019: $16,157,765Net Assets 2019: -$1,363,2322019Assets 2020: $14,939,031Liabilities 2020: $16,437,329Net Assets 2020: -$1,498,2982020Assets 2021: $31,938,684Liabilities 2021: $33,587,848Net Assets 2021: -$1,649,1642021Assets 2022: $39,389,300Liabilities 2022: $40,793,916Net Assets 2022: -$1,404,6162022Assets 2023: $56,922,886Liabilities 2023: $59,559,349Net Assets 2023: -$2,636,4632023Assets 2024: $55,909,283Liabilities 2024: $59,729,239Net Assets 2024: -$3,819,9562024Assets 2025: $54,450,072Liabilities 2025: $59,451,509Net Assets 2025: -$5,001,4372025

Highlighted filing

2016

Assets$19,841,111
Liabilities$20,923,742
Net Assets-$1,082,631
Open 2016 Filing

Operations Trend

Revenue Growth42nd percentile

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

$10M$5.0M$0-$5.0MRevenue 2011: $1,376,043Expenses 2011: $1,601,322Net Income 2011: -$225,2792011Expenses 2012: $1,570,5182012Revenue 2013: $2,637,339Expenses 2013: $2,874,348Net Income 2013: -$237,0092013Revenue 2014: $2,890,830Expenses 2014: $3,739,720Net Income 2014: -$848,8902014Revenue 2015: $3,039,230Expenses 2015: $3,392,773Net Income 2015: -$353,5432015Revenue 2016: $3,060,774Expenses 2016: $3,331,993Net Income 2016: -$271,2192016Revenue 2017: $3,506,745Expenses 2017: $3,843,531Net Income 2017: -$336,7862017Revenue 2018: $3,831,280Expenses 2018: $4,175,381Net Income 2018: -$344,1012018Revenue 2019: $4,475,207Expenses 2019: $4,075,797Net Income 2019: $399,4102019Revenue 2020: $4,431,632Expenses 2020: $4,173,919Net Income 2020: $257,7132020Revenue 2021: $3,926,033Expenses 2021: $4,343,508Net Income 2021: -$417,4752021Revenue 2022: $3,908,292Expenses 2022: $4,213,637Net Income 2022: -$305,3452022Revenue 2023: $5,204,019Expenses 2023: $6,380,982Net Income 2023: -$1,176,9632023Revenue 2024: $7,159,701Expenses 2024: $7,990,297Net Income 2024: -$830,5962024Revenue 2025: $7,987,789Expenses 2025: $9,043,739Net Income 2025: -$1,055,9502025

Highlighted filing

2016

Revenue$3,060,774
Expenses$3,331,993
Net Income-$271,219
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Feb 1, 2017
Return Version
2015v3.0
Gross Receipts
$3,060,774
Mission and Program Overview

Mission

The mission of the Delaware Technology Park is to stimulate economic growth and create high-value jobs in the Mid-Atlantic region by providing affordable state-of-the-art facilities, access to necessary resources and connections to the region's industry, government and academic leaders.

Promotion of technology and management of the facility

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,192,827$12,856,523▲ $2,663,696
Accounts Receivable$315,298$1,835,502▲ $1,520,204
Cash and Non-Interest-Bearing Accounts$836,649$774,201▼ $62,448
Total Assets$16,492,968$19,841,111▲ $3,348,143
Other Assets Total$5,148,194$4,374,885▼ $773,309
Liabilities
Mortgage Notes Payable Secured by Investment Property$9,749,250$12,121,555▲ $2,372,305
Tax Exempt Bond Liabilities$4,975,000$4,225,000▼ $750,000
Other Liabilities$1,909,123$2,640,731▲ $731,608
Accounts Payable and Accrued Expenses$571,473$1,936,456▲ $1,364,983
Total Liabilities$17,204,846$20,923,742▲ $3,718,896
Net Assets / Fund Balance
Unrestricted Net Assets$-711,878$-1,082,631▼ $370,753
Total Net Assets Fund Balance$-711,878$-1,082,631▼ $370,753
Total Liabilities and Net Assets / Fund Balance$16,492,968$19,841,111▲ $3,348,143

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$11,401,649$8,321,627$19,723,276
Leasehold Improvements$1,306,919$1,316,098$2,623,017
Equipment$147,955$317,836$465,791
Other Assets Org$53,252--
Compensation and Service Providers
Top Officer Pay14th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
J Michael BowmanPresident & CEOFT-$50,000$50,000
Andrew M LubinChairmanPT$22,000-$22,000

Board Members and Trustees

NameTitle
Bernice WhaleyDirector
Brian A Pryor PhDDirector
David McBride EsqDirector
Dr Catherine M BonuccelliDirector
Nancy M Targett PhDDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$3,060,664
Investment Income
$110
Other Revenue
$0
Change in Net Assets
$-271,219

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,060,774
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$3,060,774
Total Revenue per Form 990
$3,060,774
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$3,331,993
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$1,534,308--$1,534,308
Depreciation Depletion$582,109$19,365-$601,474
Interest$488,202--$488,202
Fees for Services Management$174,705$50,000-$224,705
Fees for Services Other-$150,766-$150,766
Fees for Services Accounting-$101,750-$101,750
Office Expenses-$29,942-$29,942
Insurance$22,382$6,736-$29,118
Information Technology$28,893--$28,893
Fees for Services Legal-$3,125-$3,125
Other Expenses$59,218$2,812-$2,812
All Other Expenses-$1,694-$1,694
Travel$1,422--$1,422
Total Functional Expenses$2,959,244$372,749$0$3,331,993

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$3,331,993
Total Expenses per Audited Statements$3,331,993
Total Expenses per Form 990$3,331,993
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Accrued Rent$1,701,572
Imputed Interest$550,000
Interest Rate Swap Contract$366,709
Security Deposits$22,450

Bond Issues

BondIssuerIssuedIssue PricePurpose
ADelaware Economic Development Authority2007-08-29$10,000,000Refinance Series 2000 Bonds

Bond Proceeds

BondTotal ProceedsSpentRetiredIssuance Costs
A$10,000,000$10,000,000--

Bond Financing Compliance

No rebate due
Yes
Rebate not yet due
No
Form 8038-T filed
No
Gross proceeds invested
No
Gross proceeds invested in GIC
No
Exception to rebate
No
Corrective action procedures
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 7A

“The Board of Directors are selected by the Governor of the State of Delaware. Of the 7 Directors, 3 shall be from the private sector, 2 from the University of Delaware, and 2 from State Government.”

Form 990, Part VI, Section A, line 8B

“There are no committees with the authority of act on behalf of the governing body within the Organization.”

Form 990, Part VI, Section B, line 11

“The Form 990 is reviewed by Denis McCormick, Manager of Finance, and J. Michael Bowman, President, for accuracy. The Form 990 is signed by Mr. Bowman and then is made available to the Board upon request.”

Form 990, Part VI, Section B, line 15A

“Compensation for the President, J. Michael Bowman, is determined independently by the University of Delaware.”

Form 990, Part VI, Section C, line 19

“All policies, governing documents, and financial statements are available by request at the Company's office.”

Filing and Contact Details

Filer

Filer Name
Delaware Technology Park Inc
EIN
51-0344637
Phone
3024521100
Address
1 Innovation Way No 300, Newark, DE 19711

Signing Officer

Name
J Michael Bowman
Title
President
Phone
3024521100
Signed
2017-02-01
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Michael Bowman
Formed
1991
Legal Domicile
De
Voting Board Members
6
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
Cover & Rossiter Pa
Address
62 ROCKFORD ROAD, WILMINGTON, DE 19806
Preparer
Marie Holliday
Phone
3026566632
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Interest Rate Swap Adjustment -99,534.”

Form 990, Part XII, Line 2C

“The Board assumes responsibility for oversight of the audit of the financial statements and for the selection of an independent accountant.”

Form 990, Part V, Line 2A

“The Company does not have any employees on payroll and therefore does not have to file a Form W-3. The Company reimburses the University of Delaware for the compensation paid to their employees who work at the Company.”

Financial Statement Notes

Part X, Line 2:

“The company has adopted the provisions of fasb interpretation no. 48 (fasb asc 740-10-50), accounting for uncertainty in income taxes. Management continually evaluates uncertain tax positions and expiring statutes of limitations, audits, proposed settlements, changes in tax law, and new authoritative rulings, as applicable. Management's evaluation is that there is no income tax liability. This evaluation is based on settled and established positions within the internal revenue code and management believes there is no significant uncertainty related to its evaluation. The company's policy is to expense all interest and penalties as incurred, if any. No amounts of interest or penalties were recognized by the company during the year ended june 30, 2016.”

Raw XML AppendixShowing 400 of 534 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/ProgramServiceRevenueGrp/BusinessCd1531390
IRS990/ProgramServiceRevenueGrp/BusinessCd2525990
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/Desc1Miscellanous income
IRS990/ProgramServiceRevenueGrp/Desc2Interest Reimbursement
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02996384
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt142760
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt221520
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02996384
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt142760
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt221520
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0125
IRS990/PYOtherExpensesAmt03392773
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03039105
IRS990/PYRevenuesLessExpensesAmt0-353543
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt03392773
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03039230
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-271219
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03060664
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0516000279
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd06
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0State of Delaware
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt00
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt011401649
IRS990ScheduleD/BuildingsGrp/DepreciationAmt08321627
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt019723276
IRS990ScheduleD/EquipmentGrp/BookValueAmt0147955
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0317836
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0465791
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03331993
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01306919
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01316098
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02623017
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt04225000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt196633
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt253252
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Net Investment In Direct Financing Lease
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Deferred Rent
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Debt Aquisition Costs - Net of Accumulated Amortization
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01701572
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2366709
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3550000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Rent
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Interest Rate Swap Contract
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3Imputed Interest
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03060774
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE COMPANY HAS ADOPTED THE PROVISIONS OF FASB INTERPRETATION NO. 48 (FASB ASC 740-10-50), ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. MANAGEMENT CONTINUALLY EVALUATES UNCERTAIN TAX POSITIONS AND EXPIRING STATUTES OF LIMITATIONS, AUDITS, PROPOSED SETTLEMENTS, CHANGES IN TAX LAW, AND NEW AUTHORITATIVE RULINGS, AS APPLICABLE. MANAGEMENT'S EVALUATION IS THAT THERE IS NO INCOME TAX LIABILITY. THIS EVALUATION IS BASED ON SETTLED AND ESTABLISHED POSITIONS WITHIN THE INTERNAL REVENUE CODE AND MANAGEMENT BELIEVES THERE IS NO SIGNIFICANT UNCERTAINTY RELATED TO ITS EVALUATION. THE COMPANY'S POLICY IS TO EXPENSE ALL INTEREST AND PENALTIES AS INCURRED, IF ANY. NO AMOUNTS OF INTEREST OR PENALTIES WERE RECOGNIZED BY THE COMPANY DURING THE YEAR ENDED JUNE 30, 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part X, Line 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012856523
IRS990ScheduleD/TotalBookValueOtherAssetsAmt04374885
IRS990ScheduleD/TotalExpensesPerForm990Amt03331993
IRS990ScheduleD/TotalLiabilityAmt02640731
IRS990ScheduleD/TotalRevenuePerForm990Amt03060774
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03060774
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03331993
IRS990/ScheduleJRequiredInd00
IRS990ScheduleK/ProceduresCorrectiveActionGrp/BondReferenceCd0A
IRS990ScheduleK/ProceduresCorrectiveActionGrp/ProceduresCorrectiveActionInd00
IRS990ScheduleK/SupplementalInformationDetail/ExplanationTxt0The date of the rebate computation was performed on October 1, 2012.
IRS990ScheduleK/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE K, PART IV, LINE 2C
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/ExceptionToRebateInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/Form8038TFiledInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/GrossProceedsInvestedInGICInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeIdentifiedInBksAndRecInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeProviderName/BusinessNameLine1Txt0Morgan Stanley
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeProviderName/BusinessNameLine2Txt0Capital Services
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/HedgeTerminatedInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/NoRebateDueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/RebateNotDueYetInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/SuperintegratedHedgeInd00
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/TermOfHedgePct014.000000000000
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/VariableRateIssueInd01
IRS990ScheduleK/TaxExemptBondsArbitrageGrp/WrittenProcToMonitorReqsInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuedDt02007-08-29
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondIssuerEIN0510269736
IRS990ScheduleK/TaxExemptBondsIssuesGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsIssuesGrp/DefeasedInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuePriceAmt010000000
IRS990ScheduleK/TaxExemptBondsIssuesGrp/IssuerName/BusinessNameLine1Txt0Delaware Economic Development Authority
IRS990ScheduleK/TaxExemptBondsIssuesGrp/OnBehalfOfIssuerInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PoolFinancingInd00
IRS990ScheduleK/TaxExemptBondsIssuesGrp/PurposeDesc0Refinance Series 2000 Bonds
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdequateBooksAndRecMaintInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/AdvanceRefundingInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/CurrentRefundingInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt010000000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/SubstantialCompletionYr02007
IRS990ScheduleK/TaxExemptBondsProceedsGrp/TotalProceedsAmt010000000
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The Board of Directors are selected by the Governor of the State of Delaware. Of the 7 Directors, 3 shall be from the private sector, 2 from the University of Delaware, and 2 from State Government.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1There are no committees with the authority of act on behalf of the governing body within the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Form 990 is reviewed by Denis McCormick, Manager of Finance, and J. Michael Bowman, President, for accuracy. The Form 990 is signed by Mr. Bowman and then is made available to the Board upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation for the President, J. Michael Bowman, is determined independently by the University of Delaware.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All policies, governing documents, and financial statements are available by request at the Company's office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Interest Rate Swap Adjustment -99,534.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Board assumes responsibility for oversight of the audit of the financial statements and for the selection of an independent accountant.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The Company does not have any employees on payroll and therefore does not have to file a Form W-3. The Company reimburses the University of Delaware for the compensation paid to their employees who work at the Company.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, line 7a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section A, line 8b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section B, line 11
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part VI, Section B, line 15a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part VI, Section C, line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Form 990, Part XI, line 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PART V, LINE 2A
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0University Park Associates I LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1University Park Associates II LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0233011497
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1233011120
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt04320411
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt14693646
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Rental Real Estate
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1Rental Real Estate
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt0155851
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt1-11610
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt03 Innovation Way
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt15 Innovation Way
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Newark
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1Newark

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$19,841,111
Liabilities
$20,923,742
Net assets
-$1,082,631
Revenue
$3,060,774
Expenses
$3,331,993
Net income
-$271,219
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$54.5$59.5$5.00$7.99$9.04$1.06
2024Detailed filing. Detailed filing data is available for this year.$55.9$59.7$3.82$7.16$7.99$0.83
2023Detailed filing. Detailed filing data is available for this year.$56.9$59.6$2.64$5.20$6.38$1.18
2022Detailed filing. Detailed filing data is available for this year.$39.4$40.8$1.40$3.91$4.21$0.31
2021Detailed filing. Detailed filing data is available for this year.$31.9$33.6$1.65$3.93$4.34$0.42
2020Detailed filing. Detailed filing data is available for this year.$14.9$16.4$1.50$4.43$4.17$0.26
2019Detailed filing. Detailed filing data is available for this year.$14.8$16.2$1.36$4.48$4.08$0.40
2018Detailed filing. Detailed filing data is available for this year.$15.6$16.9$1.38$3.83$4.18$0.34
2017Detailed filing. Detailed filing data is available for this year.$17.0$18.2$1.14$3.51$3.84$0.34
2016Detailed filing. Detailed filing data is available for this year.$19.8$20.9$1.08$3.06$3.33$0.27
2015Detailed filing. Detailed filing data is available for this year.$16.5$17.2$0.71$3.04$3.39$0.35
2014Detailed filing. Detailed filing data is available for this year.$17.7$18.1$0.35$2.89$3.74$0.85
2013Summary only. Only limited summary data is available for this year.$18.9$18.2$0.76$2.64$2.87$0.24
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$13.2$11.0$2.19$1.57
2011Summary only. Only limited summary data is available for this year.$14.0$11.7$2.31$1.38$1.60$0.23