Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 2017.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
79 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
20 people listed on the 990; $268K paid to officers and key staff.
William Kurt Foreman’s $282K as Former President and CEO is at the 84th percentile of top reported officer pay among 2832 $1–10M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|---|
| William Kurt Foreman | $281,678 | $284,202 | $278,232 | $284,955 | $277,124 | $268,346 |
| Rebecca Harrington | $188,467 | $177,879 | $172,122 | $160,251 | $144,361 | — |
| Charles Madden | — | — | $157,807 | $154,405 | $147,676 | — |
| Chalres Madden | $157,766 | $155,590 | — | — | — | — |
| Michele Schiavoni | — | — | — | $114,641 | $152,164 | — |
| Noah Olson | $140,080 | — | — | — | — | — |
| Joseph Lewis III | $132,193 | $129,631 | $119,709 | — | — | — |
| Noah Olsen | — | $128,465 | $127,720 | $110,285 | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Drives Delaware's economic growth by attracting, growing, and retaining companies and talent.
Questions for Delaware Prosperity Partnership INC
Your first name shows with your question. Delaware Prosperity Partnership INC answers here, for everyone.
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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.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $3.5M | $3.0M |
| Land, buildings, equipmentLn 10c | $24K | $20K |
| Total assetsLn 16 | $3.6M | $3.2M |
| LiabilitiesLn 26 | $165K | $88K |
| Net assetsLn 32 | $3.5M | $3.1M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Pay of current officers, directors and key staffLn 5 | $268K | $220K | $35K | $13K |
| Other salaries and wagesLn 7 | $1.1M | $804K | $133K | $135K |
| Other employee benefitsLn 9 | $64K | $45K | $8K | $12K |
| Payroll taxesLn 10 | $79K | $65K | $10K | $4K |
| Legal feesLn 11b | $2K | $2K | ||
| Accounting feesLn 11c | $33K | $33K | ||
| Other fees for servicesLn 11g | $20K | $20K | ||
| Advertising and promotionLn 12 | $328K | $325K | $3K | |
| Office expensesLn 13 | $7K | $7K | ||
| OccupancyLn 16 | $91K | $91K | ||
| TravelLn 17 | $164 | $164 | ||
| Conferences, conventions and meetingsLn 19 | $4K | $4K | ||
| Depreciation, depletion and amortizationLn 22 | $4K | $4K | ||
| InsuranceLn 23 | $140K | $100K | $26K | $14K |
| Other expenses (24a–d)Ln 24 | $741K | $741K | ||
| All other expensesLn 24e | $181K | $87K | $95K | |
| Total functional expensesLn 25 | $3.0M | $2.4M | $469K | $181K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest | $3.2M | $3.2M | $38K | $2.7M | 990 PDF |
| FY2024 | $3.2M | $3.2M | −$19K | $2.6M | 990 PDF |
| FY2023 | $2.9M | $3.4M | −$567K | $2.6M | 990 PDF |
| FY2022 | $3.1M | $3.1M | $69K | $3.2M | 990 PDF |
| FY2021 | $3.2M | $3.1M | $71K | $3.1M | 990 PDF |
| FY2020 Viewing | $2.6M | $3.0M | −$391K | $3.1M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $2,644,951 revenue, 12 lines filed
Part VI · Governance 19 of 19 board members independent, 2 to look at
Part VIII · Statement of revenue $2,644,951 across 5 lines filed
Part IX · Statement of functional expenses $3,035,590 across 16 lines filed
Part X · Balance sheet $3,150,516 assets, 12 lines filed
Part XI · Reconciliation of net assets $3,062,249 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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