Overview
What is The Pete Du Pont Freedom Foundation Llc?
The Pete Du Pont Freedom Foundation Llc is a nonprofit organization, headquartered in Montchanin, Delaware, dedicated to supporting entrepreneurship and job creation. Established with a mission to promote private enterprise, the foundation provides a platform for individuals to present innovative ideas that can potentially improve Delaware. Their flagship program, Reinventing Delaware, launched in 2014, invites idea submissions from the public, foundation members, supporters, and the business community. Each year, 100 attendees present their ideas at an annual dinner event, with key members of the Delaware business and leadership community in attendance. The foundation offers selected top ideas professional business refinement, development, and mentor services, coverage in Delaware Business Times, promotion through their social media and website channels, video spotlights, exhibition opportunities, and a monetary award. The foundation's ultimate goal is to assist in launching these innovative ideas, creating jobs, and improving Delaware.
Official website here: www.petedupontfreedomfoundation.org
Is The Pete Du Pont Freedom Foundation Llc legitimate?
The Pete Du Pont Freedom Foundation Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Pete Du Pont Freedom Foundation Llc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $96,659
Professional Fundraising Fees: $0
Other Salaries and Wages: $70,516
For more financial information, click here
Official website here: www.petedupontfreedomfoundation.org
What is the mission statement of The Pete Du Pont Freedom Foundation Llc?
The Pete Du Pont Freedom Foundation promotes the spirit of private enterprise in the country by fostering access to the marketplace for every entrepreneur and their ideas. As an entrepreneurial incubator, the foundation offers a platform for individuals to present their job-creating ideas. Through its Reinventing Delaware program, the foundation invites idea submitters to present at an annual dinner event, providing resources such as professional business development services, promotion, and a monetary award to assist in launching their ideas. The ultimate goal is to improve Delaware by creating jobs and making a significant impact.
Official website here: www.petedupontfreedomfoundation.org
Who is the CEO of The Pete Du Pont Freedom Foundation Llc?
There Du Pont is the Board Chair of The Pete Du Pont Freedom Foundation Llc.
Official website here: www.petedupontfreedomfoundation.org
What is the revenue of The Pete Du Pont Freedom Foundation Llc?
The Pete Du Pont Freedom Foundation Llc's revenue in 2022 was $384,828.
Official website here: www.petedupontfreedomfoundation.org
Who are the executives of The Pete Du Pont Freedom Foundation Llc and what are their salaries?
The average compensation at The Pete Du Pont Freedom Foundation Llc during 2022 was $55,725. There are 3 employees and 16 volunteers at The Pete Du Pont Freedom Foundation Llc.
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- Compensation: $96,659
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- Other: $4,000
Official website here: www.petedupontfreedomfoundation.org
Where can I find the form 990 for The Pete Du Pont Freedom Foundation Llc?
The Pete Du Pont Freedom Foundation Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.petedupontfreedomfoundation.org
Learn more at the official website: www.petedupontfreedomfoundation.org
Mission Statement of The Pete Du Pont Freedom Foundation Llc
The Pete Du Pont Freedom Foundation, named after its founder, promotes the spirit of private enterprise in the United States. It accomplishes this by fostering access to the marketplace for every entrepreneur and their innovative ideas. The organization serves as an entrepreneurial incubator, providing a platform for individuals to present their ideas that have the potential to create jobs and improve their respective communities. The foundation's Reinventing Delaware program, initiated in 2014, invites submissions of ideas from the public, foundation members, supporters, and the business community. During an annual dinner event, attended by 100 individuals, these idea submitters have the opportunity to present their proposals to key members of Delaware's business and leadership community.
Selected top ideas from the Reinventing Delaware dinner event receive various resources to assist in ultimately launching their projects, creating jobs, and improving Delaware. These resources include six months of professional business refinement, development, and mentor services in partnership with third-party facilitators, spotlight articles in the Delaware Business Times (both online and print), promotion and visibility through the foundation's social media and website channels, a professional video spotlight for program finalists, an exhibition opportunity at the annual Pete Du Pont Freedom Award event for program finalists, and a monetary award for the idea that can make the most significant impact on Delaware.
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Impact
October, 2024
The Pete Du Pont Freedom Foundation significantly impacts entrepreneurship and community development in Delaware by acting as an incubator for innovative ideas that drive job creation and enhance the local economy. Through its "Reinventing Delaware" program, the foundation actively engages the public, members, and the business community to generate and refine proposals aimed at improving the state's economic landscape.
Each year, the foundation hosts a dinner event where up to 100 individuals present their ideas to key Delaware business leaders. This exposure not only fosters valuable networking opportunities but also allows participants to receive constructive feedback from experienced professionals. The foundation further supports these initiatives by providing critical resources such as six months of professional business refinement, promotional visibility through local media, and the chance to exhibit at the annual Pete Du Pont Freedom Award event.
By spotlighting innovative solutions and nurturing entrepreneurial talent, The Pete Du Pont Freedom Foundation plays a pivotal role in revitalizing Delaware's economy and fostering a spirit of private enterprise, ultimately leading to improved community outcomes and enhanced employment opportunities.
This information is meant to be a general summary of The Pete Du Pont Freedom Foundation Llc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $303
- Program Service Revenue: $7,000
- Gross Receipts: $611,288
Assets and Liabilities:
- Total Assets: $571,629
- Total Liabilities: $231,394
- Net Assets: $340,235
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REINVENTING DELAWARE
Revenue
$7,000
Organization Details
Founding Year
2017
Phone
(302) 388-1552Principal Officer
There Du Pont
Main Address
PO BOX 221, MONTCHANIN, DE, 19710
NTEE Category
Code: S30 - Community improvement
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