2025-08-01T11:59:34-05:00 2024-12-31 510380493 WHEELER WOLFENDEN & DWARES PA 4550 LINDEN HILL ROAD STE 201 WILMINGTON DE 19808 990 2024-01-01 822881997 DELAWARE PROSPERITY PARTNERSHIP INC DELA 3024777497 1007 NORTH ORANGE STREET SUITE 317 WILMINGTON DE 19801 WILLIAM KURT FOREMAN CEO 3024777497 2025-06-18 1 0 KATHLEEN CORCORAN CPA P00454914 3022548240 2024 2025-03-06 01:10:19Z WILLIAM KURT FOREMAN 1007 NORTH ORANGE STREET SUITE 317 WILMINGTON DE 19801 3191555 0 X WWW.CHOOSEDELAWARE.COM X 2017 DE 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. 19 19 13 0 0 0 2791834 3099355 0 0 66382 92200 2297 0 2860513 3191555 0 0 0 0 1697267 1753813 0 0 180415 1730043 1456519 3427310 3210332 -566797 -18777 3281664 3149350 646604 533067 2635060 2616283 TO LEAD THE STATE OF DELAWARE'S ECONOMIC DEVELOPMENT EFFORTS. 0 0 2551136 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. 2551136 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 13 1 0 0 0 0 0 0 0 0 0 0 X 19 19 0 0 0 0 0 1 0 1 1 0 0 1 1 1 0 1 0 1 0 0 X X X BREAKWATER ACCOUNTING 3025434564 1601 CONCORD PIKE SUITE 100 WILMINGTON DE 19803 DESMOND BAKER SECRETARY 1.00 X X 0 0 0 GREGG MOORE BOARD MEMBER 1.00 X 0 0 0 WILLIAM BUSH BOARD MEMBER 1.00 X 0 0 0 ROB RIDER TREASURER 1.00 X X 0 0 0 JACK WALSH BOARD MEMBER 1.00 X 0 0 0 BRIAN PETTYJOHN BOARD MEMBER 1.00 X 0 0 0 ROBERT HERRERA BOARD MEMBER 1.00 X 0 0 0 LYNDON YEARICK BOARD MEMBER 1.00 X 0 0 0 JOHN CARNEY JR CO CHAIRMAN 1.00 X X 0 0 0 RODMAN WARD III CO-CHAIRMAN 1.00 X X 0 0 0 WILLIAM KURT FOREMAN CEO 40.00 X X 284202 0 11073 FAYETTA BLAKE AUDIT CHAIR 1.00 X X 0 0 0 RODGER LEVENSON BOARD MEMBER 1.00 X 0 0 0 BETH BRAND BOARD MEMBER 1.00 X 0 0 0 TONY EDWARDS BOARD MEMBER 1.00 X 0 0 0 CHERESE WINSTEAD BOARD MEMBER 1.00 X 0 0 0 SHANE BREAKIE BOARD MEMBER 1.00 X 0 0 0 WHITNEY SWEENEY BOARD MEMBER 1.00 X 0 0 0 RICHARD WILKINS BOARD MEMBER 1.00 X 0 0 0 DESA BURTON BOARD MEMBER 1.00 X 0 0 0 CHALRES MADDEN DIRECTOR OF BUSINESS DEVEL 40.00 X 155590 0 4425 NOAH OLSEN DIRECTOR OF INNOVATION 40.00 X 128465 0 6367 JOSEPH LEWIS III DIRECTOR OF MARKETING & EX 40.00 X 129631 0 4994 REBECCA HARRINGTON DIRECTOR OF BUSINESS DEVEL 40.00 X 177879 0 0 875767 0 26859 5 0 1 0 0 2000000 1099355 3099355 92200 92200 3191555 0 0 92200 1575801 1307901 103208 164692 65782 49337 13814 2631 112230 84173 23083 4974 1100 1100 44355 44355 19470 19470 285152 285152 13465 13465 139582 139582 731 731 1662 1662 202960 152220 42622 8118 INNOVATION 206650 206650 BUSINESS DEVELOPMENT 180320 180320 CONSULTING AND TEMPORAR 109977 109977 TALENT 88424 88424 162671 86982 75689 3210332 2551136 478781 180415 375735 332609 2072144 2034837 217422 250011 90521 59355 16621 8469 9814 8152 516028 464386 3281664 3149350 64205 40246 582399 492821 646604 533067 X 2626018 2616283 9042 0 2635060 2616283 3281664 3149350 -18777 0 X X 0 1 X 1 0 X 2639500 3168000 3091000 2788500 3061500 14748500 2639500 3168000 3091000 2788500 3061500 14748500 14748500 10951 461 24770 66382 92200 194764 14943264 0.98700 0.99070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 16621 8469 8152 8152 RIGHT TO USE ASSET 450932 SECURITY DEPOSIT 500 ACCRUED INTEREST 12954 464386 AGENCY FUND 28000 ACCRUED PAYROLL 13889 LEASE LIABILITY 450932 492821 X 3191555 0 3191555 0 3191555 3210332 0 3210332 0 3210332 PART X, LINE 2: THE CORPORATION IS A NOT-FOR-PROFIT ORGANIZATION THAT IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, HAS MADE NO PROVISIONS FOR FEDERAL INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ADDITION, THE CORPORATION HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE NOT TO BE A PRIVATE FOUNDATION WITHIN THE MEANING OF SECTION 509(A) OF THE INTERNAL REVENUE CODE. THE CORPORATION ADOPTED ASC 740-10, INCOME TAXES, AS IT RELATES TO UNCERTAIN TAX POSITIONS. MANAGEMENT HAS REVIEWED ITS CURRENT AND PAST FEDERAL INCOME TAX POSITIONS AND HAS DETERMINED, BASED ON CLEAR AND UNAMBIGUOUS TAX LAW AND REGULATIONS, THAT THE TAX POSITIONS TAKEN ARE CERTAIN AND THAT THERE IS NO LIKELIHOOD THAT A MATERIAL TAX ASSESSMENT WOULD BE MADE IF A RESPECTIVE GOVERNMENT AGENCY EXAMINED TAX RETURNS SUBJECT TO AUDIT. ACCORDINGLY, NO PROVISION FOR THE EFFECTS OF UNCERTAIN TAX POSITIONS HAS BEEN RECORDED. CURRENTLY THE 2020, 2021 AND 2022 TAX YEARS ARE OPEN AND SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE. HOWEVER, THE CORPORATION IS NOT CURRENTLY UNDER AUDIT NOR HAS THE CORPORATION BEEN CONTACTED BY THIS JURISDICTION. INTEREST AND PENALTIES RELATED TO INCOME TAXES ARE INCLUDED IN INCOME TAX EXPENSE WHEN INCURRED. X 0 0 0 0 0 0 0 0 0 WILLIAM KURT FOREMAN CEO 284202 0 0 0 0 0 0 0 11073 0 295275 0 0 0 REBECCA HARRINGTON DIRECTOR OF BUSINESS DEVEL 177879 0 0 0 0 0 0 0 0 0 177879 0 0 0 CHALRES MADDEN DIRECTOR OF BUSINESS DEVEL 155590 0 0 0 0 0 0 0 4425 0 160015 0 0 0 FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNOR HAS THE RIGHT TO APPOINT DIRECTORS TO THE BOARD FORM 990, PART VI, SECTION B, LINE 11B THE 990 IS REVIEWED, ALONG WITH THE DRAFT FINANCIAL STATEMENTS, DURING THE AUDIT COMMITTEE MEETING. THE 990 AND FINANCIAL STATEMENTS ARE PRESENTED BY THE AUDIT COMMITTEE TO THE BOARD OF DIRECTORS FOR APPROVAL AT THE NEXT SCHEDULED MEETING OF THE ENTIRE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION B, LINE 15A THE ORGANIZATION'S GOVERNING BODY ESTABLISHES THE CEO'S SALARY BASED UPON COMPARABLE DATA OBTAINED FROM OTHER SIMILAR ORGANIZATIONS AND GOING MARKET RATES FOR THE AREA. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, AND CONFLICTS OF INTEREST POLICY AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS FOR THE OVERSIGHT OF THE AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT HAS NOT CHANGED FROM THE PRIOR YEAR.