Delaware Prosperity Partnership Inc

Organization Overview

Delaware Prosperity Partnership Inc is located in Wilmington, DE. The organization was established in 2017. According to its NTEE Classification (S30) the organization is classified as: Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2022, Delaware Prosperity Partnership Inc employed 15 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Prosperity Partnership Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2022, Delaware Prosperity Partnership Inc generated $3.1m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.6% each year . All expenses for the organization totaled $3.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

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.


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Board, Officers & Key Employees

Name (title)Compensation
Desmond Baker
Secretary
$0
Tony Allen
Board Member
$0
Patrick Callahan
Board Member
$0
Gregg Moore
Board Member
$0
William Bush
Board Member
$0
Rob Rider
Board Member
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $2,000,000
All other contributions, gifts, grants, and similar amounts not included above$1,096,900
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$3,096,900
Total Program Service Revenue$0
Investment income $24,770
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$592
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,121,078

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