Delaware · Nonprofit
FIRST STATE INNOVATION INC
FIRST STATE INNOVATION INC (Delaware) receives grants from 3 organizations whose IRS filings report $160,100 to it, the largest being LONGWOOD FOUNDATION INC ($150,000). 0 of them have funded it in more than one year.
- Revenue FY2025
- $0
- Funders on record
- 3
- Grants received
- $160k
- Net assets
- $400k
What First State Innovation Inc does
Mission
To help grow wealth and the workforce of delaware's innovation economy by growing, attracting, retaining, and connecting high growth technology-based businesses and supporting infrastructure in the state, and to help create an environment that makes it easy for emerging companies to locate the resources that will enable them to incubate, grow or relocate to the state and the surrounding region.
As stated on its FY2025 Form 990.
Program
Support of delaware's entrepreneurial activities
The program described on its FY2025 Form 990.
The organization over time
Each line starts at 100 in 2017, so what you read is the shape rather than the size: 150 means half as much again as 2017, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2017 to 2018, from $451k to $426k (−6%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
0% of FIRST STATE INNOVATION INC’s revenue is contributions — more earned-revenue than three-quarters of its peers (77% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 9 of the last 9 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Board chair
Ernest J Dianastasis
Chairman & president
As listed on its FY2025 Form 990.
Who funds it, year by year
2017 → 2020: the base held at 1 funder, grant income fell $150k → $100.
From the IRS filings of FIRST STATE INNOVATION INC’s funders (the co-funder graph). Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
FIRST STATE INNOVATION INC leans on a few funders — its largest provides 94% of grant income and the top three 100%; half comes from just 1 funder.
the vertical line marks half of all grant income — 1 funder to its left
Largest funder’s share by year: 2017 100% · 2018 100% · 2020 100% — broadly stable.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Where its funders are
94% of FIRST STATE INNOVATION INC's grant income comes from Delaware funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
FIRST STATE INNOVATION INC has grown faster than three-quarters of the 6,328 community improvement nonprofits its size.
this organization peer median middle 50% of peers· 6,328 community improvement nonprofits under $100k, FY2025
Organizations like FIRST STATE INNOVATION INC
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In Delaware
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
0% of spending goes to programs.
Governance
Public support
100%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Screen this organization
A dated, signed PDF of the compliance screen for FIRST STATE INNOVATION INC: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds FIRST STATE INNOVATION INC?
- FIRST STATE INNOVATION INC (Delaware) receives grants from 3 organizations whose IRS filings report $160,100 to it, the largest being LONGWOOD FOUNDATION INC ($150,000). 0 of them have funded it in more than one year.
- How many funders does FIRST STATE INNOVATION INC have?
- IRS filings report 3 organizations giving $160,100 in grants to FIRST STATE INNOVATION INC.
- Who is the largest funder of FIRST STATE INNOVATION INC?
- LONGWOOD FOUNDATION INC is the largest funder on record, with $150,000 in grants. The full list of funders is on this page.
- How can an organization like FIRST STATE INNOVATION INC find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in Delaware. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds First State Innovation →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2025 (financials across 2017–2025), and the filings of 3 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing