Delaware Technology Park Inc

Organization Overview

Delaware Technology Park Inc is located in Newark, DE. The organization was established in 2000. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Technology Park Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Delaware Technology Park Inc generated $3.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.6% each year. All expenses for the organization totaled $4.2m during the year ending 06/2022. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROMOTION OF TECHNOLOGY AND MANAGEMENT OF STATE-OF-THE-ART RESEARCH FACILITIES

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROMOTION OF THE TRANSFER, APPLICATION, AND COMMERCIALIZATION OF PRE-COMPETITIVE TECHNOLOGY IN COMPOSITES AND ADVANCED MATERIALS,AND ADEQUATE MANAGEMENT AND MAINTENANCE OF THE FACILITY TO PROMOTE TECHNOLOGY INDUSTRIES IN DELAWARE.


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Board, Officers & Key Employees

Name (title)Compensation
Andrew M Lubin
Chairman
$77,000
J Michael Bowman
President & CEO
$0
David Mcbride ESQ
Director
$0
Dennis Assanis PHD
Director
$0
Brian A Pryor PHD
Director
$0
Albert Shields
Director
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Bancroft Construction
Construction
$14,538,015
Delle Donne & Associates
Lease Management
$451,799
Modern Controls
Hvac Contracting
$280,692
David Ragan
Construction
$289,214
Service Master
Cleaning Services
$275,325
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $50,000
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$50,000
Total Program Service Revenue$3,858,292
Investment income $0
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $0
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,908,292

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