Form 990 for tax year 2025
Filed by DELAWARE PROSPERITY PARTNERSHIP INC.
Totals
- Total revenue
- $3,210,956
- Total expenses
- $3,173,036
- Contributions and grants received
- $3,163,500
- Grants paid
- $0
- Program service revenue
- $0
- Investment income
- $47,456
- Other revenue
- $0
- Total assets, end of year
- $3,064,590
- Total liabilities, end of year
- $410,387
- Net assets or fund balances, end of year
- $2,654,203
- Program services expenses (Part IX)
- $2,471,452
- Management and general expenses
- $564,553
- Fundraising expenses
- $137,031
- Program service expenses (Part III)
- $2,471,452
Program services were 77.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$2,280,000
-
1f · All other contributions, gifts and grants
$883,500
-
3 · Investment income
total $47,456 · excluded $47,456
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $1,633,349 · program services $1,341,909 · management and general $171,209 · fundraising $120,231
-
9 · Other employee benefits
total $79,567 · program services $59,675 · management and general $16,709 · fundraising $3,183
-
10 · Payroll taxes
total $117,072 · program services $87,804 · management and general $24,585 · fundraising $4,683
-
11b · Fees: legal
total $4,020 · management and general $4,020
-
11c · Fees: accounting
total $46,342 · management and general $46,342
-
11g · Fees: other
total $20,679 · management and general $20,679
-
12 · Advertising and promotion
total $287,863 · program services $287,863
-
13 · Office expenses
total $10,339 · management and general $10,339
-
16 · Occupancy
total $137,721 · management and general $137,721
-
17 · Travel
total $1,704 · management and general $1,704
-
22 · Depreciation, depletion and amortization
total $1,662 · management and general $1,662
-
23 · Insurance
total $223,355 · program services $167,516 · management and general $46,905 · fundraising $8,934
-
24a · Other expenses: BUSINESS DEVELOPMENT
total $166,913 · program services $166,913
-
24b · Other expenses: INNOVATION
total $159,837 · program services $159,837
-
24c · Other expenses: ECONOMIC RESEARCH
total $84,024 · program services $84,024
-
24d · Other expenses: CONSULTING AND TEMPORAR
total $54,089 · program services $54,089
-
24e · All other expenses
total $144,500 · program services $61,822 · management and general $82,678
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $332,609 · end of year $114,369
-
2 · Savings and temporary cash investments
beginning of year $2,034,837 · end of year $2,279,162
-
4 · Accounts receivable
beginning of year $250,011 · end of year $237,500
-
9 · Prepaid expenses and deferred charges
beginning of year $59,355 · end of year $69,018
-
10a · Land, buildings and equipment: cost or other basis
$16,621
-
10b · Land, buildings and equipment: accumulated depreciation
$10,131
-
10c · Land, buildings and equipment, net
beginning of year $8,152 · end of year $6,490
-
15 · Other assets
beginning of year $464,386 · end of year $358,051
-
17 · Accounts payable and accrued expenses
beginning of year $40,246 · end of year $43,013
-
25 · Other liabilities
beginning of year $492,821 · end of year $367,374
-
27 · Net assets without donor restrictions
beginning of year $2,616,283 · end of year $2,654,203
Mission and programs · 2025
Mission
TO LEAD THE STATE OF DELAWARE'S ECONOMIC DEVELOPMENT EFFORTS.
Activities or mission (Part I)
THE DELAWARE PROSPERITY PARTNERSHIP (DPP) WAS CREATED AS A PRIVATE ENTITY TO LEAD THE STATE OF DELAWARE'S ECONOMIC DEVELOPMENT EFFORTS. ESTABLISHMENT OF THIS PRIVATE ENTITY WAS A CRITICAL STEP TO ENHANCE THE STATE'S ABILITY TO ATTRACT, GROW AND RETAIN COMPANIES; TO BUILD STRONGER ENTREPRENEURIAL AND INNOVATION ECOSYSTEM; AND TO SUPPORT PRIVATE EMPLOYERS IN IDENTIFYING, RECRUITING, AND DEVELOPING TALENT.
-
ACTIVITIES DEVELOPED TO ENHANCE BUSINESS RECRUITMENT, PROMOTE ENTREPRENUERSHIP AND INNOVATION, SUPPORT WORKFORCE DEVELOPMENT EFFORTS, AND PRODUCE FORWARD LOOKING ANALYSIS ON ECONOMIC TRENDS TO BEST POSITION DELAWARE'S ECONOMY TO GROW.
Expenses $2,471,452
As filed on the 2025 return.
Listed in Part VII
-
Beth BrandBETH BRAND
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
William BushWILLIAM BUSH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rob RiderROB RIDER
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Jack WalshJACK WALSH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Brian PettyjohnBRIAN PETTYJOHN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robert HerreraROBERT HERRERA
CO CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Lyndon YearickLYNDON YEARICK
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ed CapodannoED CAPODANNO
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Rodman Ward IIIRODMAN WARD III
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
William Kurt ForemanWILLIAM KURT FOREMAN
FORMER PRESIDENT AND CEO
- Total calculated
- $290,858
- From this org
- $281,678
- From related orgs
- $0
- Other
- $9,180
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $281,678
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $9,180
- Filer's total
- $290,858
-
Fayetta BlakeFAYETTA BLAKE
AUDIT CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Rodger LevensonRODGER LEVENSON
CO CHAIRMAN
- Total calculated
- $0
- Hours/week
- 1
-
Patrick CallahanPATRICK CALLAHAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Tony EdwardsTONY EDWARDS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Cherese WinsteadCHERESE WINSTEAD
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Suzanne Sysko CloughDR SUZANNE SYSKO CLOUGH
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Shane BreakieSHANE BREAKIE
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Whitney SweeneyWHITNEY SWEENEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Malcolm ColeyMALCOLM COLEY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Desa BurtonDESA BURTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Daniel FreemanDR DANIEL FREEMAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
John GavenonisJOHN GAVENONIS
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Jeanne MellJEANNE MELL
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Steve MontgomerySTEVE MONTGOMERY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
The Hon Matt MeyerTHE HON MATT MEYER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Terry MurphyTERRY MURPHY
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Emilie NinanEMILIE NINAN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lisa SchmidtLISA SCHMIDT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Paula SwainPAULA SWAIN
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Dr Kris VaddiDR KRIS VADDI
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Robert WittigROBERT WITTIG
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Chalres MaddenCHALRES MADDEN
DIRECTOR OF BUSINESS & TALENT
- Total calculated
- $162,838
- From this org
- $157,766
- From related orgs
- $0
- Other
- $5,072
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $157,766
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $5,072
- Filer's total
- $162,838
-
Noah OlsonNOAH OLSON
VICE PRESIDET OF INNOVATION
- Total calculated
- $147,401
- From this org
- $140,080
- From related orgs
- $0
- Other
- $7,321
- Hours/week
- 40
-
Joseph Lewis IIIJOSEPH LEWIS III
DIRECTOR OF MARKETING & EX
- Total calculated
- $139,118
- From this org
- $132,193
- From related orgs
- $0
- Other
- $6,925
- Hours/week
- 40
-
Rebecca HarringtonREBECCA HARRINGTON
INTERIM PRESIDENT AND CEO
- Total calculated
- $188,467
- From this org
- $188,467
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $188,467
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $188,467
-
Christopher KellyCHRISTOPHER KELLY
DIRECTOR OF ECONOMIC RESEARCHER
- Total calculated
- $126,287
- From this org
- $123,060
- From related orgs
- $0
- Other
- $3,227
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Approval by the board or compensation committee
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 27 May 2026
- IRS schema version
- 2025v4.1
- Source object
- 202621479349301207
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