Nonprofit · EIN 20-5095603
FIRST STATE INNOVATION INC
Tax-exempt · WILMINGTON, DE 19803
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $0 | $1,000 | -$1,000 | $400,323 | $0 | $400,323 |
| December 31, 2024 | 990 | $0 | $2,432 | -$2,432 | $401,323 | $0 | $401,323 |
| December 31, 2023 | 990 | $0 | $40 | -$40 | $403,755 | $0 | $403,755 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $1,000
- Management and general (functional)
- $1,000
Balance sheet and other
- Total assets, start of year
- $401,323
- Total assets, end of year
- $400,323
- Total liabilities, end of year
- $0
- Net assets, end of year
- $400,323
- Net assets without donor restrictions
- $400,323
- Gross receipts
- $0
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2006
- State of legal domicile
- DE
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERNEST J DIANASTASIS | CHAIRMAN & PRESIDENT Trustee or director, Officer | 1 | $0 |
| J MICHAEL BOWMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| FRANK PENNELLA | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFFREY E FETTERMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| ANDY LUBIN | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID GATES | BOARD MEMBER Trustee or director | 1 | $0 |
| MATTHEW SWANSON | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2024: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERNEST J DIANASTASIS | CHAIRMAN & PRESIDENT Trustee or director, Officer | 1 | $0 |
| J MICHAEL BOWMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| FRANK PENNELLA | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFFREY E FETTERMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| ANDY LUBIN | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID GATES | BOARD MEMBER Trustee or director | 1 | $0 |
| MATTHEW SWANSON | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended December 31, 2023: 7 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ERNEST J DIANASTASIS | CHAIRMAN & PRESIDENT Trustee or director, Officer | 1 | $0 |
| J MICHAEL BOWMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| FRANK PENNELLA | BOARD MEMBER Trustee or director | 1 | $0 |
| JEFFREY E FETTERMAN | BOARD MEMBER Trustee or director | 1 | $0 |
| ANDY LUBIN | BOARD MEMBER Trustee or director | 1 | $0 |
| DAVID GATES | BOARD MEMBER Trustee or director | 1 | $0 |
| MATTHEW SWANSON | BOARD MEMBER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 2 RIGHTER PKWY STE 250, WILMINGTON, DE 19803-1531
- In care of
- % FRANCIS J PENNELLA
- Mailing address (990-N for 2014)
- 1201 NORTH MARKET STREET NO 1404, WILMINGTON DE 19801
- Principal officer (990 for 2025)
- ERNEST DIANASTASIS, 2 RIGHTER PARKWAY SUITE 250, WILMINGTON, DE 19803
- Principal officer (990-N for 2014)
- FRANCIS PENNELLA, 1201 NORTH MARKET STREET SUITE 1404, WILMINGTON DE 19801
- Signed the 990
- ERNEST DIANASTASIS, PRESIDENT & CHAIRMAN
- Phone
- (610) 659-8268
- Website
- WWW.FIRSTSTATEINNOVATION.ORG
- Return prepared by
- WHEELER WOLFENDEN & DWARES PA
Mission
TO HELP GROW WEALTH AND THE WORKFORCE OF DELAWARE'S INNOVATION ECONOMY BY GROWING, ATTRACTING, RETAINING, AND CONNECTING HIGH GROWTH TECHNOLOGY-BASED BUSINESSES AND SUPPORTING INFRASTRUCTURE IN THE STATE, AND TO HELP CREATE AN ENVIRONMENT THAT MAKES IT EASY FOR EMERGING COMPANIES TO LOCATE THE RESOURCES THAT WILL ENABLE THEM TO INCUBATE, GROW OR RELOCATE TO THE STATE AND THE SURROUNDING REGION.
Program accomplishments
- SUPPORT OF DELAWARE'S ENTREPRENEURIAL ACTIVITIES
What it must file and when
IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-5095603
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $400,323
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $0 | $1,000 | $400,323 | XML |
| 990 | December 2024 | $0 | $2,432 | $401,323 | XML |
| 990 | December 2023 | $0 | $40 | $403,755 | XML |
| 990 | December 2022 | $200 | $2,038 | $403,995 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2019 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
| 990 | December 2017 | – | – | – | IRS |
| 990-N for 2014 Officer: FRANCIS PENNELLA | December 31, 2014 | ≤ $50,000 receipts | – | – | e-Postcard |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5095603).
Questions about FIRST STATE INNOVATION INC
- What is the EIN of FIRST STATE INNOVATION INC?
- The employer identification number (EIN) of FIRST STATE INNOVATION INC is 20-5095603.
- Is FIRST STATE INNOVATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to FIRST STATE INNOVATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does FIRST STATE INNOVATION INC file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of FIRST STATE INNOVATION INC due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did FIRST STATE INNOVATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of FIRST STATE INNOVATION INC?
- The 990 for the year ended December 31, 2025 names ERNEST DIANASTASIS.
- Who are the officers and directors of FIRST STATE INNOVATION INC?
- The 990 for the year ended December 31, 2025 lists 7 people; 0 received compensation from the organization.
- How much revenue does FIRST STATE INNOVATION INC have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $0, expenses of $1,000 and total assets of $400,323 at year end.
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All nonprofits in WILMINGTON · Delaware · Community improvement and capacity building