Civic Intelligence

Delaware Technology Park Inc.

990 • Fiscal year 2023 • EIN 51-0344637

Jul 01, 2022 to Jun 30, 2023 • Filed on Jan 18, 2024

Organization ProfileDeltechpark.org
591 Collaboration Way 204Newark, DE 19713

(302) 452-1100

Siviq Scores

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

Liabilities / Assets

95th percentile

1.05x

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

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Liabilities / Revenue

97th percentile

11.44x

Higher debt load relative to revenue than 97% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Net Margin

11th percentile

-23%

Higher net margin than 11% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Top Officer Pay

7th percentile

$75,000

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 1.4% of source-year revenue.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2023

Asset Growth

91st percentile

45%

Faster asset growth than 91% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Revenue Growth

85th percentile

33%

Faster revenue growth than 85% of similar nonprofits.

2023 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets95th percentile

Assets

Up

$56,922,886

Up $17,533,586 (+45%) from 2022

Net Assets

Down

-$2,636,463

Down $1,231,847 (-88%) from 2022

Liabilities

Up

$59,559,349

Up $18,765,433 (+46%) from 2022

Revenue And Expenses
Liabilities / Revenue97th percentileNet Margin11th percentile

Revenue

Up

$5,204,019

Up $1,295,727 (+33%) from 2022

Expenses

Up

$6,380,982

Up $2,167,345 (+51%) from 2022

Net Income

Down

-$1,176,963

Down $871,618 (-285%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth91st 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

2023

Assets$56,922,886
Liabilities$59,559,349
Net Assets-$2,636,463
Open 2023 Filing

Operations Trend

Revenue Growth85th 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

2023

Revenue$5,204,019
Expenses$6,380,982
Net Income-$1,176,963
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
Jan 18, 2024
Return Version
2022v5.0
Gross Receipts
$5,204,019
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 state-of-the-art research facilities

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$36,527,543$44,144,526▲ $7,616,983
Cash and Non-Interest-Bearing Accounts$2,429,488$2,917,285▲ $487,797
Accounts Receivable$348,970$282,562▼ $66,408
Prepaid Expenses and Deferred Charges$25,409$24,380▼ $1,029
Total Assets$39,389,300$56,922,886▲ $17,533,586
Other Assets Total$57,890$9,554,133▲ $9,496,243
Liabilities
Mortgage Notes Payable Secured by Investment Property$35,595,619$41,250,398▲ $5,654,779
Other Liabilities$2,508,278$11,299,356▲ $8,791,078
Accounts Payable and Accrued Expenses$2,190,019$5,978,095▲ $3,788,076
Deferred Revenue$500,000$1,031,500▲ $531,500
Total Liabilities$40,793,916$59,559,349▲ $18,765,433
Net Assets / Fund Balance
Net Assets With Donor Restrictions-$50,000-
Net Assets Without Donor Restrictions$-1,404,616$-2,686,463▼ $1,281,847
Total Net Assets Fund Balance$-1,404,616$-2,636,463▼ $1,231,847
Total Liabilities and Net Assets / Fund Balance$39,389,300$56,922,886▲ $17,533,586

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$32,107,417$11,928,719$44,036,136
Leasehold Improvements$6,240,177$3,007,756$9,247,933
Other Land Buildings$5,552,405-$5,552,405
Equipment$244,527$501,096$745,623
Other Assets Org$9,114,612--
Compensation and Service Providers
Top Officer Pay7th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
J Michael BowmanPresident & CEOFT-$75,000$75,000
Andrew M LubinChairPT$68,750-$68,750

Board Members and Trustees

NameTitle
Brian A Pryor PhDDirector
David McBride EsqDirector
Dennis Assanis PhDDirector
Jonathan SheehanDirector (From 12/22)
Michael FlemingDirector (From 12/22)
Albert ShieldsDirector (To 12/22)
Catherine MBonnccelli MD FAADirector (To 12/22)

Highest Paid Contractors

ContractorServicesLocationCompensation
Bancroft ConstructionConstruction1300 N Grant Ave 101, Wilmington, DE 19806$8,359,735
Delle Donne & AssociatesLease Management200 Continental Dr, New Castle, DE 19713$473,001
David RaganConstruction2312 Empire Dr, Wilmington, DE 19810$372,337
Bernard Management CorportionProperty Management19 Peddlers Row, Newark, DE 19702$292,363
Modern ControlsHVAC Contracting7 Bellecor Dr, New Castle, DE 19720$269,943
Revenue and Support

Revenue Composition

Contributions and Grants
$829,915
Program Service Revenue
$4,374,104
Investment Income
$0
Other Revenue
$0
All Other Contributions
$750,000
Change in Net Assets
$-1,176,963

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,204,019
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$5,204,019
Total Revenue per Form 990
$5,204,019
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$6,305,982
Salaries, Compensation, and Employee Benefits$75,000
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$2,881,920--$2,881,920
Depreciation Depletion$1,401,317--$1,401,317
Interest$1,066,559--$1,066,559
Fees for Services Other$244,130$118,071-$362,201
Fees for Services Management-$147,320-$147,320
Fees for Services Accounting-$136,000-$136,000
Current Officers, Directors, Trustees, and Key Employees-$75,000-$75,000
Insurance$68,145$3,368-$71,513
Information Technology$56,703--$56,703
Office Expenses-$15,063-$15,063
Fees for Services Legal-$12,360-$12,360
All Other Expenses-$8,231-$8,231
Other Expenses-$5,013-$5,013
Travel$3,278--$3,278
Total Functional Expenses$5,722,052$658,930$0$6,380,982

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$6,380,982
Total Expenses per Audited Statements$6,380,982
Total Expenses per Form 990$6,380,982
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-Board ChairConsulting ServicesNo$68,750
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$10,577,573
Accrued Rent$699,333
Security Deposits$22,450
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
Yes
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 within the Company with the authority to act on behalf of the governing body.”

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

“The Form 990 is reviewed by the Manager of Finance and the President for accuracy. The Form 990 is signed by the President and then is made available to the Board upon request.”

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

“Compensation for the President 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
591 Collaboration Way 204, Newark, DE 19713

Signing Officer

Name
J Michael Bowman
Title
President
Phone
3024521100
Signed
2024-01-18
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
Peter S Kennedy CPA
Phone
3026566632
Supplemental Narrative

Additional Explanations

Form 990, Part XI, line 9:

“Interest Rate Swap Adjustment 116,687.”

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 auditor.”

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 565 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/GoverningBodyVotingMembersCnt06
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IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd00
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05204019
IRS990/GroupReturnForAffiliatesInd00
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IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt06
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InformationTechnologyGrp/ProgramServicesAmt056703
IRS990/InformationTechnologyGrp/TotalAmt056703
IRS990/InsuranceGrp/ManagementAndGeneralAmt03368
IRS990/InsuranceGrp/ProgramServicesAmt068145
IRS990/InsuranceGrp/TotalAmt071513
IRS990/InterestGrp/ProgramServicesAmt01066559
IRS990/InterestGrp/TotalAmt01066559
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt015437571
IRS990/LandBldgEquipBasisNetGrp/BOYAmt036527543
IRS990/LandBldgEquipBasisNetGrp/EOYAmt044144526
IRS990/LandBldgEquipCostOrOtherBssAmt059582097
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 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.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
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IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt041250398
IRS990/NetAssetsOrFundBalancesBOYAmt0-1404616
IRS990/NetAssetsOrFundBalancesEOYAmt0-2636463
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0-1404616
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0-2686463
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt02881920
IRS990/OccupancyGrp/TotalAmt02881920
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt015063
IRS990/OfficeExpensesGrp/TotalAmt015063
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt057890
IRS990/OtherAssetsTotalGrp/EOYAmt09554133
IRS990/OtherChangesInNetAssetsAmt0116687
IRS990/OtherExpensesGrp/Desc0Real Estate Taxes
IRS990/OtherExpensesGrp/Desc1Bad Debt Expenses
IRS990/OtherExpensesGrp/Desc2Subscriptions and Publi
IRS990/OtherExpensesGrp/Desc3Dues / Memberships
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt093407
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt126680
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt218417
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt35013
IRS990/OtherExpensesGrp/TotalAmt093407
IRS990/OtherExpensesGrp/TotalAmt126680
IRS990/OtherExpensesGrp/TotalAmt218417
IRS990/OtherExpensesGrp/TotalAmt35013
IRS990/OtherLiabilitiesGrp/BOYAmt02508278
IRS990/OtherLiabilitiesGrp/EOYAmt011299356
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt025409
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt024380
IRS990/PrincipalOfficerNm0J Michael Bowman
IRS990/PriorPeriodAdjustmentsAmt0-171571
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt04374104
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04374104
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt050000
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt04138637
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03858292
IRS990/PYRevenuesLessExpensesAmt0-305345
IRS990/PYSalariesCompEmpBnftPaidAmt075000
IRS990/PYTotalExpensesAmt04213637
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt03908292
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-1176963
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt04374104
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/BookValueAmt032107417
IRS990ScheduleD/BuildingsGrp/DepreciationAmt011928719
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt044036136
IRS990ScheduleD/EquipmentGrp/BookValueAmt0244527
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0501096
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0745623
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt06380982
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt06240177
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03007756
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt09247933
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0174577
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt1264944
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt29114612
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Interest rate swap agreement
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Accrued Rental Income
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2Right-of-use-asseyt-operating leases
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05552405
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt05552405
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0699333
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt210577573
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Accrued Rent
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Lease Liability
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05204019
IRS990ScheduleD/TotalBookValueLandBuildingsAmt044144526
IRS990ScheduleD/TotalBookValueOtherAssetsAmt09554133
IRS990ScheduleD/TotalExpensesPerForm990Amt06380982
IRS990ScheduleD/TotalLiabilityAmt011299356
IRS990ScheduleD/TotalRevenuePerForm990Amt05204019
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05204019
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt06380982
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Delaware Financial Group (Andrew M Lubin)
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Board Chair
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt068750
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0Consulting Services
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 within the Company with the authority to act on behalf of the governing body.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The Form 990 is reviewed by the Manager of Finance and the President for accuracy. The Form 990 is signed by the President and then is made available to the Board upon request.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Compensation for the President is determined independently by the University of Delaware.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4All policies, governing documents, and financial statements may be made available by request at the Company's office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Interest Rate Swap Adjustment 116,687.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Board assumes responsibility for oversight of the audit of the financial statements and for the selection of an independent auditor.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The 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.
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 11b
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

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$56,922,886
Liabilities
$59,559,349
Net assets
-$2,636,463
Revenue
$5,204,019
Expenses
$6,380,982
Net income
-$1,176,963
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