2025-02-18T12:18:12-06:00 2024-06-30 161131146 The Bonadio Group 2711 CENTERVILLE ROAD SUITE 100 WILMINGTON DE 19808 990 2023-07-01 510344637 Delaware Technology Park Inc DELA 3024521100 591 Collaboration Way 204 Newark DE 19713 J Michael Bowman President 3024521100 2025-02-13 1 1 Peter S Kennedy CPA P00571422 3026566632 2025-02-13 2023 2025-03-06 01:10:19Z J Michael Bowman 591 Collaboration Way 204 Newark DE 19713 7159701 0 X Deltechpark.org X 1991 DE Promotion of technology and management of state-of-the-art research facilities 5 4 0 5 0 0 829915 800489 4374104 6359212 0 0 0 0 5204019 7159701 0 0 0 0 75000 75000 0 0 0 6305982 7915297 6380982 7990297 -1176963 -830596 56922886 55909283 59559349 59729239 -2636463 -3819956 X 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. 0 0 7315823 6359212 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. 7315823 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 1 13 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 5 4 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 X X Denis McCormick 3024521102 591 Collaboration Way Suite 204 Newark DE 19713 Andrew M Lubin Chair 10.00 X X 75000 0 0 Brian A Pryor PhD Director 1.00 X 0 0 0 Dennis Assanis PhD Director 1.00 X 0 0 0 Michael Fleming Director 1.00 X 0 0 0 Jonathan Sheehan Director 1.00 X 0 0 0 J Michael Bowman President & CEO 40.00 X 0 75000 0 75000 75000 0 0 0 0 0 University Of Delaware 210 S College Ave Newark DE 19716 Miscellaneous 316874 David Ragan 2312 Empire Dr Wilmington DE 19810 Construction 180128 2 800489 800489 Rental Income 531120 6359212 6359212 6359212 7159701 6359212 0 0 75000 75000 150291 150291 4543 4543 201783 201783 773637 739026 34611 13696 13696 65580 65580 3140134 3140134 10175 10175 1529863 1529863 1720256 1720256 114136 110789 3347 Real Estate Taxes 98613 98613 Bad Debt Expenses 55365 55365 Subscriptions and Publi 22213 22213 Contributions 10000 10000 5012 5012 7990297 7315823 674474 0 2917285 2820707 282562 1069521 24380 173651 59716527 17157826 44144526 42558701 9554133 9286703 56922886 55909283 6677428 4971790 1031500 665221 41250398 43670713 10600023 10421515 59559349 59729239 X -2686463 -3819956 50000 0 -2636463 -3819956 56922886 55909283 X -830596 -352897 X X 0 1 X 1 0 X X 1 State of Delaware 516000279 6 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 44036136 13001021 31035115 14614142 3610226 11003916 958193 546579 411614 108056 108056 42558701 Accrued Rental Income 556493 Right-of-use-asset operating leases 8730210 9286703 Security Deposits 22450 Lease Liability 10220745 Interest Rate Swap Adjustment 178320 10421515 7159701 0 7159701 0 7159701 7990297 0 7990297 0 7990297 Delaware Financial Group (Andrew M Lubin) Board Chair 75000 Consulting Services 0 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. 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. University Park Associates I LLC 3 Innovation Way Newark DE 19711 233011497 Rental Real Estate DE 1230718 7156809 Delaware Technology Park University Park Associates II LLC 5 Innovation Way Newark DE 19711 233011120 Rental Real Estate DE 1066479 6633469 Delaware Technology Park University of Delaware 220 Hullihen Hall Newark DE 19716 516000297 Higher Education DE 501(c)(3) Line 2 N/A 0 State of Delaware Court Street Dover DE 19901 State Government DE 170(c)(1) Line 6 N/A 0 0 0 0 0 0 0 0 0 0 1 1 0 1 0 1 1 1 0 0 University of Delaware J 1227956 Space Lease Payments Received University of Delaware O 148863 Payroll & Expenses Reimbursed University of Delaware Q 134558 Common Area Electric Received University of Delaware K 733388 Ground Rent Paid