Nonprofit · EIN 82-0832288
DELAWARE INNOVATION SPACE INC
Tax-exempt · WILMINGTON, DE 19803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $7,062,650 | $7,468,151 | -$405,501 | $42,050,559 | $5,230,019 | $36,820,540 |
| December 31, 2024 | 990 | $9,981,142 | $6,986,612 | $2,994,530 | $42,913,549 | $5,725,208 | $37,188,341 |
| December 31, 2023 | 990 | $7,341,673 | $6,583,253 | $758,420 | $40,091,384 | $5,919,156 | $34,172,228 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $1,291,453
- of which government grants
- $338,453
- Program service revenue
- $2,918,493
- Investment income
- $761,923
- Other revenue
- $2,090,781
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $463
- Accounting fees
- $46,682
- Occupancy
- $2,841,928
- Depreciation
- $1,421,894
- Program services (functional)
- $5,857,257
- Management and general (functional)
- $1,610,894
Balance sheet and other
- Total assets, start of year
- $42,913,549
- Total assets, end of year
- $42,050,559
- Total liabilities, end of year
- $5,230,019
- Net assets, end of year
- $36,820,540
- Land, buildings and equipment
- $20,487,610
- Publicly traded securities
- $18,319,622
- Net assets without donor restrictions
- $26,041,709
- Net assets with donor restrictions
- $10,778,831
- Gross receipts
- $7,062,650
- Employees
- 0
- Year formed
- 2017
- 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 December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM D PROVINE | PRESIDENT AN Trustee or director, Officer | 40 | $0 | $392,080 | $66,600 |
| ALEX DULIN | COO Highest-paid employee | 40 | $0 | $233,266 | $63,581 |
| MARCIE REILLY | CHIEF GROWTH Highest-paid employee | 40 | $0 | $189,080 | $88,826 |
| MIKE BRAUN | ASST DIRECTO Highest-paid employee | 40 | $0 | $103,600 | $49,232 |
| JAMES CARTER | SR. STAFF SC Highest-paid employee | 40 | $0 | $100,600 | $48,992 |
| PATRICK CALLAHAN | DIRECTOR/SEC Trustee or director, Officer | 5 | $0 | $0 | $0 |
| MARTY DEGROOT | DIRECTOR/TRE Trustee or director, Officer | 5 | $0 | $0 | $0 |
| ALEXA DEMBEK | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MIGUEL GARCIA DIAZ | DIRECTOR/CHA Trustee or director, Officer | 5 | $0 | $0 | $0 |
| ALEXANDER KHUTORSKY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| KELVIN LEE | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| KEVIN MYERS | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| CASPER VROEMEN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2024: 11 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM D PROVINE | PRESIDENT AN Trustee or director, Officer | 40 | $0 | $281,350 | $76,889 |
| ALEX DULIN | DIRECTOR, OP Highest-paid employee | 40 | $0 | $211,939 | $60,225 |
| MARCIE REILLY | DIRECTOR, EN Highest-paid employee | 40 | $0 | $138,600 | $64,345 |
| HATTIE DUPLECHAIN | DIRECTOR, LE Highest-paid employee | 40 | $0 | $103,956 | $51,895 |
| DENNIS ASSANIS | DIRECTOR/CHA Trustee or director, Officer | 5 | $0 | $0 | $0 |
| ALEXA A DEMBEK | DIRECTOR/SEC Trustee or director, Officer | 5 | $0 | $0 | $0 |
| JEFFREY W BULLOCK | DIRECTOR/TRE Trustee or director, Officer | 5 | $0 | $0 | $0 |
| JON SHEEHAN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ALEX KHUTORSKY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JULIUS KORLEY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| MIGUEL GARCIA-DIAZ | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
990 for the year ended December 31, 2023: 10 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| WILLIAM D PROVINE | PRESIDENT AN Trustee or director, Officer | 40 | $0 | $311,431 | $90,997 |
| ALEX DULIN | DIRECTOR, OP Highest-paid employee | 40 | $0 | $211,939 | $66,282 |
| MARCIE REILLY | DIRECTOR, EN Highest-paid employee | 40 | $0 | $131,875 | $56,829 |
| HATTIE DUPLECHAIN | DIRECTOR, LE Highest-paid employee | 40 | $0 | $124,225 | $52,514 |
| DENNIS ASSANIS | DIRECTOR/CHA Trustee or director, Officer | 5 | $0 | $0 | $0 |
| ALEXA A DEMBEK | DIRECTOR/SEC Trustee or director, Officer | 5 | $0 | $0 | $0 |
| JEFFREY W BULLOCK | DIRECTOR/TRE Trustee or director, Officer | 5 | $0 | $0 | $0 |
| JON SHEEHAN | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| ALEX KHUTORSKY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
| JULIUS KORLEY | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 200 POWDER MILL ROAD BUILDING 500, WILMINGTON, DE 19803-2907
- In care of
- % SHEILA RYAN
- Principal officer (990 for 2025)
- WILLIAM D PROVINE, 200 POWDER MILL ROAD BUILDING 500, WILMINGTON, DE 19803
- Signed the 990
- WILLIAM D PROVINE, PRESIDENT AND CEO
- Phone
- (302) 200-8600
- Website
- WWW.INNOVATIONSPACE.ORG
- Return prepared by
- WHISMAN GIORDANO & ASSOCIATES LLC
Mission
TO ACCELERATE FORMATION AND GROWTH OF SCIENCE BASED START UP BUSINESSES AND NEW VENTURES BY COLLABORATING WITH ENTREPRENEURS AND VISIONARIES AND GROWING A WORLD LEADING INDUSTRIALLY AND MARKET RELEVANT INNOVATION ECOSYSTEM WITH ACCESS TO STATE OF THE ART FACILITIES, PEOPLE, TOOLS, EQUIPMENT, TRAINING AND SERVICES.
Program accomplishments
- DISI PROVIDES ACCESS TO, AND WAS CREATED SPECIFICALLY IN RESPONSE TO THE STATE OF DELAWARE'S RECOGNITION OF THE NEED FOR, HIGH-QUALITY INCUBATION SERVICES AND EDUCATIONAL PROGRAMS FOR START-UP ENTERPRISES LOOKING TO LAUNCH OR GROW INNOVATIVE STEM INITIATIVES WITHIN DELAWARE TO MAKE DELAWARE'S COMMUNITIES STRONGER THROUGH RETENTION OF TALENTED INDIVIDUALS, INCREASED JOB OPPORTUNITIES, AND POSITIVE CHANGE IN THE STATE.Expenses $5,857,257 · revenue $2,395,150
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 December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 82-0832288
- 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
- 2017
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S40)
- Assets (IRS master file)
- $42,050,559
- Income (IRS master file)
- $7,062,650
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $7,062,650 | $7,468,151 | $42,050,559 | XML |
| 990 | December 2024 | $9,981,142 | $6,986,612 | $42,913,549 | XML |
| 990 | December 2023 | $7,341,673 | $6,583,253 | $40,091,384 | XML |
| 990 | December 2022 | $6,030,856 | $6,099,311 | $38,897,802 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 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 82-0832288).
Questions about DELAWARE INNOVATION SPACE INC
- What is the EIN of DELAWARE INNOVATION SPACE INC?
- The employer identification number (EIN) of DELAWARE INNOVATION SPACE INC is 82-0832288.
- Is DELAWARE INNOVATION SPACE INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2017.
- Are donations to DELAWARE INNOVATION SPACE INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DELAWARE INNOVATION SPACE 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 INNOVATION SPACE INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DELAWARE INNOVATION SPACE INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of DELAWARE INNOVATION SPACE INC?
- The 990 for the year ended December 31, 2025 names WILLIAM D PROVINE.
- Who are the officers and directors of DELAWARE INNOVATION SPACE INC?
- The 990 for the year ended December 31, 2025 lists 13 people; 0 received compensation from the organization.
- How much revenue does DELAWARE INNOVATION SPACE INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $7,062,650, expenses of $7,468,151 and total assets of $42,050,559 at year end.
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All nonprofits in WILMINGTON · Delaware · Community improvement and capacity building