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
2020-12
NTEE code, primary
Description
The Pete Du Pont Freedom Foundation runs The reinventing Delaware process to identify and then develop creative ideas, programs, entrepreneurs, and/or organizations to make sure our state is a better place to live, work, and raise a family. The Pete D...
Also known as...
Scott Malfitano MBR

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 innovative "ecosystems" that identify, nurture, and ultimately lead to successful businesses for Delaware's future. E3 complements and works in tandem with The reinventing Delaware program, working to create The conditions for successful entrepreneurs and innovators across all communities, with a particular focus on black and brown entrepreneurs. E3 attempts to build city-wide strategic coalitions designed to identify, vet, incubate, and accelerate The launch of new businesses.
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 innovative "ecosystems" that identify, nurture, and ultimately lead to successful businesses for Delaware's future. E3 complements and works in tandem with The reinventing Delaware program, working to create The conditions for successful entrepreneurs and innovators across all communities, with a particular focus on black and brown entrepreneurs. E3 attempts to build city-wide strategic coalitions designed to identify, vet, incubate, and accelerate The launch of new businesses.

Form 990s for The Pete Du Pont Freedom Foundation LLC

Fiscal year endingDate received by IRSFormPDF link
2019-122021-03-01990View PDF
2018-122019-12-13990View PDF
2017-122018-10-16990View PDF

Who funds The Pete Du Pont Freedom Foundation LLC

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Delaware Community Foundation (DCF)Restricted Support To the Launch of the Equitable Entrepreneurial Ecosystem (E3) Program Across 3 Cities in Delaware in 2020 Which Will Work To Create the Conditions for Successful Entrepreneurship and Business Development Building Strategic Coalitions, and Other Unrestricted Support$101,500
 Subscribe to view████$99,999
 Subscribe to view██████$9,999

Financials for The Pete Du Pont Freedom Foundation LLC

RevenuesFYE 12/2020
Total grants, contributions, etc.$254,884
Program services$0
Investment income and dividends$1,685
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$-2,560
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$254,009

Personnel at The Pete Du Pont Freedom Foundation LLC

NameTitleCompensation
Stephen SyeExecutive Director$135,000
Palina IvanovaPast Executive Director Former$3,594
Scott MalfitanoBoard Chairman$0

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Nonprofit Types
Issues
Characteristics
Key performance indicators
Total revenues
$254,009
2020
Yearly growth
-55.2%
% of revenues
n/a
Total expenses
$326,599
2020
Yearly growth
12.2%
% of expenses
n/a
Total assets
$485,921
2020
Yearly growth
-9.8%
% of assets
n/a
Num. employees
3
2020
Yearly growth
50%
% of total
n/a
General information
Address
PO Box 221
Montchanin, DE 19710
Metro area
Philadelphia-Camden-Wilmington, PA-NJ-DE-MD
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
T30: Public Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent