2026-03-11T07:53:20-05:00 2025-06-30 161131146 Bonadio & Co LLP 2711 Centerville Road Suite 100 Wilmington DE 19808 990 2024-07-01 510344637 Delaware Technology Park Inc DELA 3024521100 591 Collaboration Way 204 Newark DE 19713 J Michael Bowman President 3024521100 2026-03-09 1 1 Peter S Kennedy CPA P00571422 3026566632 2026-03-09 2024 2025-03-06 01:10:19Z J Michael Bowman 591 Collaboration Way 204 Newark DE 19713 7987789 0 X Deltechpark.org X 1991 DE Promotion of technology and management of state-of-the-art research facilities 5 4 0 4 0 0 800489 1459949 6359212 6527840 0 0 0 0 7159701 7987789 0 0 0 0 75000 75000 0 0 0 7915297 8968739 7990297 9043739 -830596 -1055950 55730963 54450072 59550919 59451509 -3819956 -5001437 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 8367581 6527840 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. 8367581 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 10 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 Dennis Assanis PhD Director 1.00 X 0 0 0 Michael Fleming Director 1.00 X 0 0 0 Brian A Pryor PhD 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 Castell LLC - Kristen Castell 184 Lexington Avenue 12C New York NY 10016 Construction 165485 University of Delaware 550 South College Avenue Suite 201 Newark DE 19713 Miscellaneous 162793 Denis McCormick 591 Collaboration Way Newark DE 19713 Financial Services 122055 3 1209949 250000 1459949 Rental Income 531120 6527840 6527840 6527840 7987789 6527840 0 0 X 75000 75000 159008 159008 193901 193901 1087558 1040253 47305 14615 14615 70472 70472 3609633 3609633 2723 2723 1747042 1747042 1818162 1818162 82643 79296 3347 Real Estate Taxes 98649 98649 Bad Debt Provision 44833 44833 Subscriptions and Publi 24710 24710 Miscellaneous Expenses 7384 7384 7406 7406 9043739 8367581 676158 0 2820707 4181093 1069521 819785 173651 18522 59573422 18962389 42558701 40611033 9108383 8819639 55730963 54450072 4590721 1287040 665221 765163 43670713 47235276 10624264 10164030 59550919 59451509 X -3819956 -5001437 -3819956 -5001437 55730963 54450072 X -1055950 -125531 X X 0 1 X 1 1 1 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 14073324 29962812 14228050 4273247 9954803 967193 615818 351375 342043 342043 40611033 Accrued Rental Income 492146 Right-of-use-asset operating leases 8327493 8819639 Security Deposits 22450 Lease Liability 9837729 Interest rate swap adjustment 303851 10164030 7987789 0 7987789 0 7987789 9043739 0 9043739 0 9043739 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, 2025. Form 990, Part VI, Section A, line 8b There are no committees within the Company 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 Company's office. Form 990, Part IX, line 11g Other Professional Consulting Fees: Program service expenses 748,123. Management and general expenses 47,305. Fundraising expenses 0. Total expenses 795,428. Facility Management: Program service expenses 292,130. Management and general expenses 0. Fundraising expenses 0. Total expenses 292,130. Form 990, Part XI, line 9: Interest Rate Swap Adjustment -125,531. 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. Form 990, Part V, Line 2a The Company does not have any employees on payroll and therefore does not file a Form W-3. The Company reimburses the University of Delaware for the compensation paid to their employees who work at the Company. University Park Associates I LLC 3 Innovation Way Newark DE 19711 233011497 Rental Real Estate DE 1213239 7732185 Delaware Technology Park University Park Associates II LLC 5 Innovation Way Newark DE 19711 233011120 Rental Real Estate DE 1002785 7020012 Delaware Technology Park University of Delaware 550 South College Avenue Suite 201 Newark DE 19713 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 1377225 Space Lease Payments Received University of Delaware O 159008 Payroll & Expenses Reimbursed University of Delaware Q 127498 Common Area Electric Received University of Delaware K 414133 Ground Rent Paid