Civic Intelligence

Delaware Technology Park Inc.

990 • Fiscal year 2020 • EIN 51-0344637

Jul 01, 2019 to Jun 30, 2020 • Filed on Oct 08, 2020

Organization ProfileDELTECHPARK.ORG
1 Innovation Way Ste 300 No 300Newark, DE 19711-5490

(302) 452-1100

Siviq Scores

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

Liabilities / Assets

95th percentile

1.10x

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

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Liabilities / Revenue

92nd percentile

3.71x

Higher debt load relative to revenue than 92% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Net Margin

54th percentile

5.8%

Higher net margin than 54% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Top Officer Pay

16th percentile

$50,000

Higher top officer pay than 16% of similar nonprofits.

Top officer pay equals 1.1% of source-year revenue.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2020

Asset Growth

31st percentile

1.0%

Faster asset growth than 31% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Revenue Growth

41st percentile

-1.0%

Faster revenue growth than 41% of similar nonprofits.

2020 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$14,939,031

Up $144,498 (+1.0%) from 2019

Net Assets

Down

-$1,498,298

Down $135,066 (-9.9%) from 2019

Liabilities

Up

$16,437,329

Up $279,564 (+1.7%) from 2019

Revenue And Expenses
Liabilities / Revenue92nd percentileNet Margin54th percentile

Revenue

Down

$4,431,632

Down $43,575 (-1.0%) from 2019

Expenses

Up

$4,173,919

Up $98,122 (+2.4%) from 2019

Net Income

Down

$257,713

Down $141,697 (-35%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth31st 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

2020

Assets$14,939,031
Liabilities$16,437,329
Net Assets-$1,498,298
Open 2020 Filing

Operations Trend

Revenue Growth41st 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

2020

Revenue$4,431,632
Expenses$4,173,919
Net Income$257,713
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Oct 8, 2020
Return Version
2019v5.1
Gross Receipts
$4,431,632
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 a state-of-the-art research facility

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,330,162$12,316,372▲ $986,210
Cash and Non-Interest-Bearing Accounts$1,430,973$1,455,332▲ $24,359
Accounts Receivable$189,852$215,658▲ $25,806
Prepaid Expenses and Deferred Charges$28,496$27,467▼ $1,029
Total Assets$14,794,533$14,939,031▲ $144,498
Other Assets Total$1,815,050$924,202▼ $890,848
Liabilities
Mortgage Notes Payable Secured by Investment Property$11,328,295$11,031,428▼ $296,867
Other Liabilities$2,634,988$3,104,112▲ $469,124
Accounts Payable and Accrued Expenses$419,482$1,401,789▲ $982,307
Tax Exempt Bond Liabilities$1,775,000$900,000▼ $875,000
Total Liabilities$16,157,765$16,437,329▲ $279,564
Net Assets / Fund Balance
Net Assets With Donor Restrictions$341,112$0▼ $341,112
Net Assets Without Donor Restrictions$-1,704,344$-1,498,298▲ $206,046
Total Net Assets Fund Balance$-1,363,232$-1,498,298▼ $135,066
Total Liabilities and Net Assets / Fund Balance$14,794,533$14,939,031▲ $144,498

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,733,594$9,970,985$19,704,579
Leasehold Improvements$594,303$2,296,377$2,890,680
Other Land Buildings$1,892,521-$1,892,521
Equipment$95,954$385,818$481,772
Other Assets Org$24,202--
Compensation and Service Providers
Top Officer Pay16th percentile

Employees

NameTitleFull / Part TimeBaseTotal
J Michael BowmanPresident & CEOFT$50,000$50,000
Andrew M LubinChairmanPT$24,000$24,000

Board Members and Trustees

NameTitle
Albert ShieldsDirector
Brian a Pryor PhdDirector
David Mcbride EsqDirector
Dennis AssanisDirector
Dr Catherine M BonuccelliDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
Bancroft ConstructionConstruction1300 N GRANT AVE 101, Wilmington, DE 19806$793,388
Delle Donne & AssociatesLease Management200 CONTINENTAL DR, New Castle, DE 19713$424,226
Service MasterCleaning Services296 CHURCHMANS RD, New Castle, DE 19720$119,228
Modern ControlsHvac Contracting7 BELLECOR DR, New Castle, DE 19720$109,078
David ReganConstruction320 PENNSYLVANIA AVENUE SUITE 3, Oreland, PA 19075$107,660
Revenue and Support

Revenue Composition

Contributions and Grants
$500,000
Program Service Revenue
$3,931,632
Investment Income
$0
Other Revenue
$0
All Other Contributions
$500,000
Change in Net Assets
$257,713

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,431,632
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$4,431,632
Total Revenue per Form 990
$4,431,632
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$4,173,919
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$2,278,608--$2,278,608
Depreciation Depletion$729,367--$729,367
Interest$456,944--$456,944
Fees for Services Other$187,168$85,519-$272,687
Fees for Services Management-$131,757-$131,757
Fees for Services Accounting-$123,286-$123,286
Information Technology$42,151--$42,151
Office Expenses-$16,812-$16,812
Insurance$7,782$3,368-$11,150
Other Expenses-$5,055-$5,055
All Other Expenses-$3,040-$3,040
Travel$1,797--$1,797
Total Functional Expenses$3,703,817$470,102$0$4,173,919

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,173,919
Total Expenses per Audited Statements$4,173,919
Total Expenses per Form 990$4,173,919
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$1,773,050
Interest Rate Swap Contract$758,612
Imputed Interest$550,000
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
Yes
Audit committee
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
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 6 directors, 3 shall be from the private sector, 2 from the university of delaware, and 1 from state government.”

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

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

Form 990, Part VI, Section B, Line 11B

“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 may be made 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 STE 300 NO 300, NEWARK, DE 19711-5490

Signing Officer

Name
J Michael Bowman
Title
President
Phone
3024521100
Signed
2020-10-08
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Cover & Rossiter Pa
Address
2711 CENTERVILLE ROAD SUITE 100, WILMINGTON, DE 19808
Preparer
Marie Holliday
Phone
3026566632
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Interest rate swap adjustment -392,779.”

Form 990, Part XII, Line 2C

“The board assumes responsibility for oversight of the review/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 file a form w-3. The company reimburses the university of delaware for the compensation paid to their employees who work at the company.”

Raw XML AppendixShowing 400 of 574 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/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
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IRS990/InformationTechnologyGrp/ProgramServicesAmt042151
IRS990/InformationTechnologyGrp/TotalAmt042151
IRS990/InsuranceGrp/ManagementAndGeneralAmt03368
IRS990/InsuranceGrp/ProgramServicesAmt07782
IRS990/InsuranceGrp/TotalAmt011150
IRS990/InterestGrp/ProgramServicesAmt0456944
IRS990/InterestGrp/TotalAmt0456944
IRS990/InvestmentInJointVentureInd00
IRS990/InvestTaxExemptBondsInd00
IRS990/IRPDocumentCnt011
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt012653180
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011330162
IRS990/LandBldgEquipBasisNetGrp/EOYAmt012316372
IRS990/LandBldgEquipCostOrOtherBssAmt024969552
IRS990/LegalDomicileStateCd0DE
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd00
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0THE MISSION OF THE DELAWARE TECHNOLOGY PARK IS TO STIMULATE ECONOMIC GROWTH AND CREATE HIGH-VALUE JOBS IN DELAWARE BY PROVIDING AFFORDABLE STATE-OF-THE-ART FACILITIES, ACCESS TO NECESSARY RESOURCES AND CONNECTIONS TO THE REGION'S INDUSTRY, GOVERNMENT AND ACADEMIC LEADERS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt011328295
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt011031428
IRS990/NetAssetsOrFundBalancesBOYAmt0-1363232
IRS990/NetAssetsOrFundBalancesEOYAmt0-1498298
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1704344
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-1498298
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt02278608
IRS990/OccupancyGrp/TotalAmt02278608
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt016812
IRS990/OfficeExpensesGrp/TotalAmt016812
IRS990/OfficerMailingAddressInd00
IRS990/OnBehalfOfIssuerInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01815050
IRS990/OtherAssetsTotalGrp/EOYAmt0924202
IRS990/OtherChangesInNetAssetsAmt0-392779
IRS990/OtherExpensesGrp/Desc0REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc1SUBSCRIPTIONS AND PUBLI
IRS990/OtherExpensesGrp/Desc2CONTRIBUTIONS
IRS990/OtherExpensesGrp/Desc3DUES / MEMBERSHIPS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt079046
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt117144
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt25075
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt35055
IRS990/OtherExpensesGrp/TotalAmt079046
IRS990/OtherExpensesGrp/TotalAmt117144
IRS990/OtherExpensesGrp/TotalAmt25075
IRS990/OtherExpensesGrp/TotalAmt35055
IRS990/OtherLiabilitiesGrp/BOYAmt02634988
IRS990/OtherLiabilitiesGrp/EOYAmt03104112
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt028496
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027467
IRS990/PrincipalOfficerNm0J MICHAEL BOWMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1525990
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1INTEREST REIMBURSEMENT
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03917278
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt114354
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03917278
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt114354
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt04075797
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt04475207
IRS990/PYRevenuesLessExpensesAmt0399410
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt04075797
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04475207
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0257713
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03931632
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
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt09733594
IRS990ScheduleD/BuildingsGrp/DepreciationAmt09970985
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt019704579
IRS990ScheduleD/EquipmentGrp/BookValueAmt095954
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0385818
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0481772
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04173919
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt0594303
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02296377
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt02890680
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0900000
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt124202
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0NET INVESTMENT IN DIRECT FINANCING LEASE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1DEFERRED RENT
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01892521
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01892521
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt01773050
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2758612
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/RevenueSubtotalAmt04431632
IRS990ScheduleD/TotalBookValueLandBuildingsAmt012316372
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0924202
IRS990ScheduleD/TotalExpensesPerForm990Amt04173919
IRS990ScheduleD/TotalLiabilityAmt03104112
IRS990ScheduleD/TotalRevenuePerForm990Amt04431632
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04431632
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04173919
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/BondReferenceCd0A
IRS990ScheduleK/TaxExemptBondsProceedsGrp/FinalAllocationMadeInd01
IRS990ScheduleK/TaxExemptBondsProceedsGrp/OtherSpentProceedsAmt010000000
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxableBondsInd00
IRS990ScheduleK/TaxExemptBondsProceedsGrp/RefundingTaxExemptBondsInd01
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 6 DIRECTORS, 3 SHALL BE FROM THE PRIVATE SECTOR, 2 FROM THE UNIVERSITY OF DELAWARE, AND 1 FROM STATE GOVERNMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THERE ARE NO COMMITTEES WITH THE AUTHORITY TO ACT ON BEHALF TO THE GOVERNING BODY WITHIN THE COMPANY.

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,939,031
Liabilities
$16,437,329
Net assets
-$1,498,298
Revenue
$4,431,632
Expenses
$4,173,919
Net income
$257,713
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