Overview
What is Delaware Prosperity Partnership Inc?
Delaware Prosperity Partnership Inc, based in Wilmington, Delaware, is a private nonprofit organization dedicated to boosting Delaware's economy. Their primary activities include attracting, growing, and retaining businesses, fostering entrepreneurship and innovation, supporting workforce development efforts, and providing forward-looking analysis on economic trends. Established as a private entity, DPP aims to enhance Delaware's competitiveness by constructing a robust entrepreneurial and innovation ecosystem, while assisting private employers in identifying, recruiting, and developing talent. With a team of 15 individuals, DPP works tirelessly to position Delaware's economy for growth.
Official website here: www.choosedelaware.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 92% (Four-Star out of Four Star Rating)
Delaware Prosperity Partnership Inc has achieved a commendable Four-Star rating from Charity Navigator, reflecting a strong commitment to accountability and financial health. With a perfect score for accountability and finance, the organization demonstrates transparency and responsible governance, making it a trustworthy option for potential donors and supporters.
The nonprofit is notable for its fully independent board, which consists of 19 members, showcasing a commitment to unbiased decision-making. It also excels in financial management, with an impressive program expense ratio of over 80%, indicating that a significant portion of its budget is directed towards its core mission and programs.
While the organization boasts high marks across various financial metrics, it's essential for stakeholders to continuously monitor its performance and impact. Overall, the Delaware Prosperity Partnership Inc appears to be a well-managed nonprofit with clear policies in place to safeguard its operations and funding.
This AI summary has been generated from information found on Charity Navigator.
Is Delaware Prosperity Partnership Inc legitimate?
Delaware Prosperity Partnership Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Delaware Prosperity Partnership Inc 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: $284,955
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,083,792
For more financial information, click here
Official website here: www.choosedelaware.com
What is the mission statement of Delaware Prosperity Partnership Inc?
The Delaware Prosperity Partnership Inc, established as a private entity, is dedicated to spearheading Delaware's economic development endeavors. Its mission is to attract, grow, and retain businesses within the state, strengthen the entrepreneurial and innovation ecosystem, and support private employers in identifying, recruiting, and developing talent. The organization's activities are geared towards enhancing business recruitment, promoting entrepreneurship and innovation, supporting workforce development efforts, and producing forward-looking analyses on economic trends to optimally position Delaware's economy for growth.
Official website here: www.choosedelaware.com
Who is the CEO of Delaware Prosperity Partnership Inc?
William Kurt Foreman is the Secretary of Delaware Prosperity Partnership Inc. The CEO's salary of Delaware Prosperity Partnership Inc is $284,955 and their total compensation is $293,580.
Official website here: www.choosedelaware.com
What is the revenue of Delaware Prosperity Partnership Inc?
Delaware Prosperity Partnership Inc's revenue in 2022 was $3,121,078.
Official website here: www.choosedelaware.com
Who are the executives of Delaware Prosperity Partnership Inc and what are their salaries?
The average compensation at Delaware Prosperity Partnership Inc during 2022 was $91,250. There are 15 employees at Delaware Prosperity Partnership Inc.
Here are 24 key members and their salaries (Delaware Prosperity Partnership Inc's CEO's salary is $284,955 and their total compensation is $293,580):
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- Compensation: $284,955
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- Compensation: $160,251
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- Other: $720
Official website here: www.choosedelaware.com
Where can I find the form 990 for Delaware Prosperity Partnership Inc?
Delaware Prosperity Partnership Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.choosedelaware.com
Learn more at the official website: www.choosedelaware.com
Mission Statement of Delaware Prosperity Partnership Inc
Delaware Prosperity Partnership Inc, a private entity, is tasked with spearheading Delaware's economic development endeavors. Its primary mission is to strengthen the state's capacity to attract, grow, and retain businesses. By establishing itself as a separate entity, Delaware Prosperity Partnership Inc aims to bolster Delaware's entrepreneurial and innovation ecosystem, providing private employers with the necessary tools to identify, recruit, and develop talent. Through various activities, the organization strives to promote business recruitment, foster entrepreneurship, support workforce development efforts, and produce forward-thinking analysis on economic trends to position Delaware's economy for growth.
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Impact
July, 2024
Delaware Prosperity Partnership Inc plays a crucial role in leading the state of Delaware's economic development efforts. By actively engaging in activities to enhance business recruitment, promote entrepreneurship and innovation, support workforce development efforts, and produce forward-looking analysis on economic trends, the organization contributes to strengthening Delaware's economy. Through its initiatives, Delaware Prosperity Partnership Inc helps attract, grow, and retain companies, build a robust entrepreneurial and innovation ecosystem, and support private employers in identifying, recruiting, and developing talent. Its impact extends to improving the overall economic landscape of Delaware by positioning the state for sustainable growth and prosperity.
This information is meant to be a general summary of Delaware Prosperity Partnership Inc. 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: $24,178
- Gross Receipts: $3,121,670
Assets and Liabilities:
- Total Assets: $3,511,837
- Total Liabilities: $309,980
- Net Assets: $3,201,857
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Organization Details
Founding Year
2017
Phone
(302) 477-7497Principal Officer
William Kurt Foreman
Main Address
1007 NORTH ORANGE STREET SUITE 731, WILMINGTON, DE, 19801
Website
www.choosedelaware.comNTEE Category
Code: S30 - Community improvement
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