Civic Intelligence

Delaware Technology Park Inc.

990 • Fiscal year 2024 • EIN 51-0344637

Jul 01, 2023 to Jun 30, 2024 • Filed on Feb 13, 2025

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

1.07x

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

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Liabilities / Revenue

96th percentile

8.34x

Higher debt load relative to revenue than 96% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Net Margin

14th percentile

-12%

Higher net margin than 14% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Top Officer Pay

7th percentile

$75,000

Higher top officer pay than 7% of similar nonprofits.

Top officer pay equals 1.0% of source-year revenue.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Source year 2024

Asset Growth

19th percentile

-1.8%

Faster asset growth than 19% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Revenue Growth

82nd percentile

38%

Faster revenue growth than 82% of similar nonprofits.

2024 filings • 501(c)3 • $50M-$100M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets95th percentile

Assets

Down

$55,909,283

Down $1,013,603 (-1.8%) from 2023

Net Assets

Down

-$3,819,956

Down $1,183,493 (-45%) from 2023

Liabilities

Up

$59,729,239

Up $169,890 (+0.3%) from 2023

Revenue And Expenses
Liabilities / Revenue96th percentileNet Margin14th percentile

Revenue

Up

$7,159,701

Up $1,955,682 (+38%) from 2023

Expenses

Up

$7,990,297

Up $1,609,315 (+25%) from 2023

Net Income

Up

-$830,596

Up $346,367 (+29%) from 2023

Historical Trend

Balance Sheet Trend

Asset Growth19th 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

2024

Assets$55,909,283
Liabilities$59,729,239
Net Assets-$3,819,956
Open 2024 Filing

Operations Trend

Revenue Growth82nd 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

2024

Revenue$7,159,701
Expenses$7,990,297
Net Income-$830,596
Open 2024 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Feb 13, 2025
Return Version
2023v6.0
Gross Receipts
$7,159,701
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$44,144,526$42,558,701▼ $1,585,825
Cash and Non-Interest-Bearing Accounts$2,917,285$2,820,707▼ $96,578
Accounts Receivable$282,562$1,069,521▲ $786,959
Prepaid Expenses and Deferred Charges$24,380$173,651▲ $149,271
Total Assets$56,922,886$55,909,283▼ $1,013,603
Other Assets Total$9,554,133$9,286,703▼ $267,430
Liabilities
Mortgage Notes Payable Secured by Investment Property$41,250,398$43,670,713▲ $2,420,315
Other Liabilities$10,600,023$10,421,515▼ $178,508
Accounts Payable and Accrued Expenses$6,677,428$4,971,790▼ $1,705,638
Deferred Revenue$1,031,500$665,221▼ $366,279
Total Liabilities$59,559,349$59,729,239▲ $169,890
Net Assets / Fund Balance
Net Assets With Donor Restrictions$50,000$0▼ $50,000
Net Assets Without Donor Restrictions$-2,686,463$-3,819,956▼ $1,133,493
Total Net Assets Fund Balance$-2,636,463$-3,819,956▼ $1,183,493
Total Liabilities and Net Assets / Fund Balance$56,922,886$55,909,283▼ $1,013,603

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$31,035,115$13,001,021$44,036,136
Leasehold Improvements$11,003,916$3,610,226$14,614,142
Equipment$411,614$546,579$958,193
Other Land Buildings$108,056-$108,056
Other Assets Org$8,730,210--
Compensation and Service Providers
Top Officer Pay7th percentile

Employees

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

Board Members and Trustees

NameTitle
Brian A Pryor PhDDirector
Dennis Assanis PhDDirector
Jonathan SheehanDirector
Michael FlemingDirector

Highest Paid Contractors

ContractorServicesLocationCompensation
University Of DelawareMiscellaneous210 S College Ave, Newark, DE 19716$316,874
David RaganConstruction2312 Empire Dr, Wilmington, DE 19810$180,128
Revenue and Support

Revenue Composition

Contributions and Grants
$800,489
Program Service Revenue
$6,359,212
Investment Income
$0
Other Revenue
$0
Change in Net Assets
$-830,596

Audited Revenue Reconciliation

Revenue per Audited Statements
$7,159,701
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$7,159,701
Total Revenue per Form 990
$7,159,701
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$7,915,297
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$3,140,134--$3,140,134
Depreciation Depletion$1,720,256--$1,720,256
Interest$1,529,863--$1,529,863
Fees for Services Other$739,026$34,611-$773,637
Fees for Services Accounting-$201,783-$201,783
Fees for Services Management-$150,291-$150,291
Insurance$110,789$3,347-$114,136
Current Officers, Directors, Trustees, and Key Employees-$75,000-$75,000
Information Technology$65,580--$65,580
Office Expenses-$13,696-$13,696
Travel$10,175--$10,175
Other Expenses-$10,000-$10,000
All Other Expenses-$5,012-$5,012
Fees for Services Legal-$4,543-$4,543
Total Functional Expenses$7,315,823$674,474$0$7,990,297

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$7,990,297
Total Expenses per Audited Statements$7,990,297
Total Expenses per Form 990$7,990,297
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$75,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$10,220,745
Interest Rate Swap Adjustment$178,320
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. A position on the Board of Directors was vacant during the year ended June 30, 2024.”

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

“There are no committees within the Organization 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 Organization'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
2025-02-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
J Michael Bowman
Formed
1991
Legal Domicile
De
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
5

Preparer

Firm
The Bonadio Group
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 -352,897.”

Form 990, Part V, Line 2A

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

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.”

Raw XML AppendixShowing 400 of 515 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/Desc0Promotion of the commercialization of startup companies in the technology industry. This encompasses interactions with the state, university, and private industries. DTP opens the pathway to grants, existing patents within the University of Delaware and potential private sector business opportunities.
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IRS990/OtherExpensesGrp/Desc2Subscriptions and Publi
IRS990/OtherExpensesGrp/Desc3Contributions
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt098613
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt155365
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt222213
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt310000
IRS990/OtherExpensesGrp/TotalAmt098613
IRS990/OtherExpensesGrp/TotalAmt155365
IRS990/OtherExpensesGrp/TotalAmt222213
IRS990/OtherExpensesGrp/TotalAmt310000
IRS990/OtherLiabilitiesGrp/BOYAmt010600023
IRS990/OtherLiabilitiesGrp/EOYAmt010421515
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt024380
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0173651
IRS990/PrincipalOfficerNm0J Michael Bowman
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/Desc0Rental Income
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt06359212
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt06359212
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0829915
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt00
IRS990/PYOtherExpensesAmt06305982
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt04374104
IRS990/PYRevenuesLessExpensesAmt0-1176963
IRS990/PYSalariesCompEmpBnftPaidAmt075000
IRS990/PYTotalExpensesAmt06380982
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05204019
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-830596
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt06359212
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/BookValueAmt031035115
IRS990ScheduleD/BuildingsGrp/DepreciationAmt013001021
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt044036136
IRS990ScheduleD/EquipmentGrp/BookValueAmt0411614
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0546579
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0958193
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt07990297
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt011003916
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt03610226
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt014614142
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0556493
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt18730210
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Accrued Rental Income
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1Right-of-use-asset operating leases
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0108056
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0108056
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt022450
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt110220745
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt2178320
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Security Deposits
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Lease Liability
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2Interest Rate Swap Adjustment
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt07159701
IRS990ScheduleD/TotalBookValueLandBuildingsAmt042558701
IRS990ScheduleD/TotalBookValueOtherAssetsAmt09286703
IRS990ScheduleD/TotalExpensesPerForm990Amt07990297
IRS990ScheduleD/TotalLiabilityAmt010421515
IRS990ScheduleD/TotalRevenuePerForm990Amt07159701
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt07159701
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt07990297
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0Delaware Financial Group (Andrew M Lubin)
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0Board Chair
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt075000
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. A position on the Board of Directors was vacant during the year ended June 30, 2024.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1There are no committees within the Organization 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 Organization's office.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5Interest Rate Swap Adjustment -352,897.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6The Organization does not have any employees on payroll and therefore does not file a Form W-3. The Organization reimburses the University of Delaware for the compensation paid to their employees who work at the Organization.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7The Board assumes responsibility for oversight of the audit of the financial statements and for the selection of an independent auditor.
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 V, Line 2a
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7Form 990, Part XII, Line 2c
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd00
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt0Delaware Technology Park
IRS990ScheduleR/IdDisregardedEntitiesGrp/DirectControllingEntityName/BusinessNameLine1Txt1Delaware Technology Park
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt0University Park Associates I LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/DisregardedEntityName/BusinessNameLine1Txt1University Park Associates II LLC
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN0233011497
IRS990ScheduleR/IdDisregardedEntitiesGrp/EIN1233011120
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt07156809
IRS990ScheduleR/IdDisregardedEntitiesGrp/EndOfYearAssetsAmt16633469
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/LegalDomicileStateCd1DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt0Rental Real Estate
IRS990ScheduleR/IdDisregardedEntitiesGrp/PrimaryActivitiesTxt1Rental Real Estate
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt01230718
IRS990ScheduleR/IdDisregardedEntitiesGrp/TotalIncomeAmt11066479
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt03 Innovation Way
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/AddressLine1Txt15 Innovation Way
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm0Newark
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/CityNm1Newark
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd0DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/StateAbbreviationCd1DE
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd019711
IRS990ScheduleR/IdDisregardedEntitiesGrp/USAddress/ZIPCd119711
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd1N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0University of Delaware
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt1State of Delaware
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0516000297
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(c)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt1170(c)(1)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0DE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd1DE
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Higher Education
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt1State Government
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Line 2
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt1Line 6
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0220 Hullihen Hall
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt1Court Street
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0Newark
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm1Dover

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$55,909,283
Liabilities
$59,729,239
Net assets
-$3,819,956
Revenue
$7,159,701
Expenses
$7,990,297
Net income
-$830,596
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