Nonprofit · EIN 51-0344637
DELAWARE TECHNOLOGY PARK INC
Tax-exempt · NEWARK, DE 19713
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $7,987,789 | $9,043,739 | -$1,055,950 | $54,450,072 | $59,451,509 | -$5,001,437 |
| June 30, 2024 | 990 | $7,159,701 | $7,990,297 | -$830,596 | $55,909,283 | $59,729,239 | -$3,819,956 |
| June 30, 2023 | 990 | $5,204,019 | $6,380,982 | -$1,176,963 | $56,922,886 | $59,559,349 | -$2,636,463 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $1,459,949
- of which government grants
- $1,209,949
- Program service revenue
- $6,527,840
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $75,000
- Salaries, compensation and benefits (total)
- $75,000
- Professional fundraising fees
- $0
- Accounting fees
- $193,901
- Occupancy
- $3,609,633
- Travel
- $2,723
- Depreciation
- $1,818,162
- Program services (functional)
- $8,367,581
- Management and general (functional)
- $676,158
Balance sheet and other
- Total assets, start of year
- $55,730,963
- Total assets, end of year
- $54,450,072
- Total liabilities, end of year
- $59,451,509
- Net assets, end of year
- -$5,001,437
- Land, buildings and equipment
- $40,611,033
- Net assets without donor restrictions
- -$5,001,437
- Gross receipts
- $7,987,789
- Employees
- 0
- Volunteers
- 4
- Year formed
- 1991
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Andrew M Lubin | Chair Trustee or director, Officer | 10 | $75,000 | $0 |
| J Michael Bowman | President & CEO Officer | 40 | $0 | $75,000 |
| Dennis Assanis PhD | Director Trustee or director | 1 | $0 | $0 |
| Michael Fleming | Director Trustee or director | 1 | $0 | $0 |
| Brian A Pryor PhD | Director Trustee or director | 1 | $0 | $0 |
| Jonathan Sheehan | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| Andrew M Lubin | Chair Trustee or director, Officer | 10 | $75,000 | $0 |
| J Michael Bowman | President & CEO Officer | 40 | $0 | $75,000 |
| Brian A Pryor PhD | Director Trustee or director | 1 | $0 | $0 |
| Dennis Assanis PhD | Director Trustee or director | 1 | $0 | $0 |
| Michael Fleming | Director Trustee or director | 1 | $0 | $0 |
| Jonathan Sheehan | Director Trustee or director | 1 | $0 | $0 |
990 for the year ended June 30, 2023: 9 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| J Michael Bowman | President & CEO Officer | 40 | $0 | $75,000 |
| Andrew M Lubin | Chair Trustee or director, Officer | 10 | $68,750 | $0 |
| David McBride Esq | Director Trustee or director | 1 | $0 | $0 |
| Brian A Pryor PhD | Director Trustee or director | 1 | $0 | $0 |
| Dennis Assanis PhD | Director Trustee or director | 1 | $0 | $0 |
| Michael Fleming | Director (From 12/22) Trustee or director | 1 | $0 | $0 |
| Jonathan Sheehan | Director (From 12/22) Trustee or director | 1 | $0 | $0 |
| Catherine MBonnccelli MD FAA | Director (To 12/22) Trustee or director | 1 | $0 | $0 |
| Albert Shields | Director (To 12/22) Trustee or director | 1 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 591 COLLABORATION WAY STE 204, NEWARK, DE 19713-5500
- Principal officer (990 for 2024)
- J Michael Bowman, 591 Collaboration Way 204, Newark, DE 19713
- Signed the 990
- J Michael Bowman, President
- Phone
- (302) 452-1100
- Website
- Deltechpark.org
- Return prepared by
- Bonadio & Co LLP
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.
Program accomplishments
- Promotion 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.Expenses $8,367,581 · revenue $6,527,840
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 51-0344637
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2000
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S20)
- Assets (IRS master file)
- $54,450,072
- Income (IRS master file)
- $7,987,789
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $7,987,789 | $9,043,739 | $54,450,072 | XML |
| 990 | June 2024 | $7,159,701 | $7,990,297 | $55,909,283 | XML |
| 990 | June 2023 | $5,204,019 | $6,380,982 | $56,922,886 | XML |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 51-0344637).
Questions about DELAWARE TECHNOLOGY PARK INC
- What is the EIN of DELAWARE TECHNOLOGY PARK INC?
- The employer identification number (EIN) of DELAWARE TECHNOLOGY PARK INC is 51-0344637.
- Is DELAWARE TECHNOLOGY PARK INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2000.
- Are donations to DELAWARE TECHNOLOGY PARK INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DELAWARE TECHNOLOGY PARK INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DELAWARE TECHNOLOGY PARK INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DELAWARE TECHNOLOGY PARK INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DELAWARE TECHNOLOGY PARK INC?
- The 990 for the year ended June 30, 2025 names J Michael Bowman.
- Who are the officers and directors of DELAWARE TECHNOLOGY PARK INC?
- The 990 for the year ended June 30, 2025 lists 6 people; 1 received compensation from the organization, the highest $75,000 (Andrew M Lubin, Chair).
- How much revenue does DELAWARE TECHNOLOGY PARK INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $7,987,789, expenses of $9,043,739 and total assets of $54,450,072 at year end.
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All nonprofits in NEWARK · Delaware · Community improvement and capacity building