EIN 82-1237132

The Pete Du Pont Freedom Foundation LLC

IRS 501(c) type
501(c)(3)
Num. employees
3
Year formed
2017
Most recent tax filings
2022-12-01
NTEE code, primary
Description
Entrepreneurial incubator fostering access to the marketplace for every entrepreneur and their ideas. Removes barriers to innovation through e3 initiative.
Also known as...
Scott Malfitano MBR
Total revenues
$384,828
2022
Total expenses
$437,966
2022
Total assets
$571,629
2022
Num. employees
3
2022

Program areas at The Pete Du Pont Freedom Foundation LLC

The Pete Du Pont Freedom Foundation serves as an entrepreneurial incubator by providing a platform for individuals to present ideas that will create jobs and improve Delaware. Through its reinventing Delaware program, which began in 2014; The public, Foundation members, supporters, and The business community submit ideas to The Foundation for consideration. Idea submitters are invited to present their ideas at an annual dinner event, which includes key members of The Delaware business and leadership community. In total, 100 individuals attend The event and present ideas. The Foundation provides The top ideas from The reinventing Delaware dinner The following resources to assist in ultimately launching, creating jobs and improving Delaware: -six months of professional business refinement, development and mentor services in partnership with third party facilitators-spotlight articles in The Delaware business times (online and print)-promotion and visibility through Foundation social media and website channels-professional video spotlight for program finalists-exhibition opportunity at The annual Pete Du Pont Freedom award event for program finalists-monetary award for The idea that can make The most impact on Delaware
The equitable entrepreneurial ecosystem (e3) initiative is driven by The Foundation's focus on removing barriers to innovation and its strong belief that great ideas and entrepreneurship can occur throughout society. E3 is an ambitious initiative, with The goal of becoming Delaware's leading entrepreneurial incubator and accelerator by creating an innovative ecosystem that identify, nurture, and ultimately lead to successful businesses for Delaware's future. E3 complements and works in tandem with reinventing Delaware, working to create The conditions for successful entrepreneurs and innovators across all communities, with a particular focus on underrepresented entrepreneurs. E3 attempts to build city-wide strategic coalitions designed to identify, vet, incubate, and accelerate The launch of new businesses.

Who funds The Pete Du Pont Freedom Foundation LLC

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
The Bank of America Charitable FoundationProgram/operating Support$100,000
Welfare FoundationStrategic Plan for E3 Expansion$30,000

Personnel at The Pete Du Pont Freedom Foundation LLC

NameTitleCompensation
Nora GonzalezVice President Finance$0
Stephanie JohnnieExecutive Director$96,659
Lindsay PenningtonProgram Manager
Stephen SyePast Former Executive Director / Executive Director Partial Y$45,012
There du PontBoard Chair$0
...and 1 more key personnel

Financials for The Pete Du Pont Freedom Foundation LLC

RevenuesFYE 12/2022
Total grants, contributions, etc.$590,235
Program services$7,000
Investment income and dividends$303
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-212,710
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$384,828

Form 990s for The Pete Du Pont Freedom Foundation LLC

Fiscal year endingDate received by IRSFormPDF link
2022-122023-11-13990View PDF
2021-122022-11-15990View PDF
2020-122021-05-26990View PDF
2019-122021-03-01990View PDF
2018-122019-12-13990View PDF
...and 1 more Form 990
Data update history
January 22, 2024
Updated personnel
Identified 2 new personnel
January 15, 2024
Posted financials
Added Form 990 for fiscal year 2022
January 1, 2024
Used new vendors
Identified 1 new vendor, including
November 26, 2023
Received grants
Identified 2 new grant, including a grant for $100,000 from The Bank of America Charitable Foundation
November 25, 2023
Posted financials
Added Form 990 for fiscal year 2021
Nonprofit Types
Social advocacy organizationsBusiness and community development organizationsCharities
Issues
Community improvementEconomic development
Characteristics
MembershipsFundraising eventsGala fundraisersTax deductible donations
General information
Address
PO Box 221
Montchanin, DE 19710
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
County
New Castle County, DE
Website URL
petedupontfreedomfoundation.org/ 
Phone
(302) 388-1552
IRS details
EIN
82-1237132
Fiscal year end
December
Taxreturn type
Form 990
Year formed
2017
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
S30: Economic Development
NAICS code, primary
813319: Social Advocacy Organizations
Parent/child status
Independent
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