Civic Intelligence

Delaware State University Foundation Inc.

990 • Fiscal year 2016 • EIN 20-1372435

Jul 01, 2015 to Jun 30, 2016 • Filed on Mar 17, 2017

Organization Profilewww.desu.edu
1200 North Dupont HighwayDover, DE 19901

(302) 857-7801

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

21st percentile

0.03x

Higher debt load relative to assets than 21% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

45th percentile

0.20x

Higher debt load relative to revenue than 45% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

25th percentile

-4.0%

Higher net margin than 25% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

83rd percentile

$343,755

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 10.0% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

32nd percentile

-1.6%

Faster asset growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

9th percentile

-37%

Faster revenue growth than 9% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets21st percentile

Assets

Down

$20,691,464

Down $345,084 (-1.6%) from 2015

Net Assets

Down

$20,004,773

Down $440,198 (-2.2%) from 2015

Liabilities

Up

$686,691

Up $95,114 (+16%) from 2015

Revenue And Expenses
Liabilities / Revenue45th percentileNet Margin25th percentile

Revenue

Down

$3,448,423

Down $1,988,679 (-37%) from 2015

Expenses

Up

$3,586,073

Up $1,771,703 (+98%) from 2015

Net Income

Down

-$137,650

Down $3,760,382 (-104%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth32nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$60M$40M$20M$0Assets 2011: $16,437,223Liabilities 2011: $586,072Net Assets 2011: $15,851,1512011Assets 2012: $15,580,128Liabilities 2012: $521,206Net Assets 2012: $15,058,9222012Assets 2013: $16,360,693Liabilities 2013: $640,952Net Assets 2013: $15,719,7412013Assets 2014: $18,632,865Liabilities 2014: $656,790Net Assets 2014: $17,976,0752014Assets 2015: $21,036,548Liabilities 2015: $591,577Net Assets 2015: $20,444,9712015Assets 2016: $20,691,464Liabilities 2016: $686,691Net Assets 2016: $20,004,7732016Assets 2017: $21,135,639Liabilities 2017: $427,022Net Assets 2017: $20,708,6172017Assets 2018: $21,477,233Liabilities 2018: $742,921Net Assets 2018: $20,734,3122018Assets 2019: $14,652,214Liabilities 2019: $491,000Net Assets 2019: $14,161,2142019Assets 2020: $15,136,288Liabilities 2020: $259,701Net Assets 2020: $14,876,5872020Assets 2021: $29,822,062Liabilities 2021: $654,378Net Assets 2021: $29,167,6842021Assets 2022: $37,335,368Liabilities 2022: $937,633Net Assets 2022: $36,397,7352022Assets 2023: $41,592,921Liabilities 2023: $472,082Net Assets 2023: $41,120,8392023Assets 2024: $37,475,656Liabilities 2024: $456,893Net Assets 2024: $37,018,7632024

Highlighted filing

2016

Assets$20,691,464
Liabilities$686,691
Net Assets$20,004,773
Open 2016 Filing

Operations Trend

Revenue Growth9th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2011: $2,276,761Expenses 2011: $1,130,456Net Income 2011: $1,146,3052011Expenses 2012: $1,698,7682012Revenue 2013: $1,869,069Expenses 2013: $1,844,303Net Income 2013: $24,7662013Revenue 2014: $3,425,332Expenses 2014: $2,267,226Net Income 2014: $1,158,1062014Revenue 2015: $5,437,102Expenses 2015: $1,814,370Net Income 2015: $3,622,7322015Revenue 2016: $3,448,423Expenses 2016: $3,586,073Net Income 2016: -$137,6502016Revenue 2017: $3,534,899Expenses 2017: $3,715,362Net Income 2017: -$180,4632017Revenue 2018: $4,370,370Expenses 2018: $4,876,840Net Income 2018: -$506,4702018Revenue 2019: $5,453,288Expenses 2019: $12,294,950Net Income 2019: -$6,841,6622019Revenue 2020: $6,786,908Expenses 2020: $5,977,056Net Income 2020: $809,8522020Revenue 2021: $16,875,299Expenses 2021: $6,240,762Net Income 2021: $10,634,5372021Revenue 2022: $19,092,791Expenses 2022: $8,745,735Net Income 2022: $10,347,0562022Revenue 2023: $14,796,790Expenses 2023: $12,076,158Net Income 2023: $2,720,6322023Revenue 2024: $15,075,842Expenses 2024: $21,163,293Net Income 2024: -$6,087,4512024

Highlighted filing

2016

Revenue$3,448,423
Expenses$3,586,073
Net Income-$137,650
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
Mar 17, 2017
Return Version
2015v3.0
Gross Receipts
$3,637,123
Mission and Program Overview

Mission

Delaware state university foundation, inc promotes and fosters the educational interests of delaware state university, a publicly supported institution of higher education and a corporation of the state of delaware. The foundation seeks to create a sizeable monetary fund to be used for any program, project, or enterprise undertaken in the interest of the university.

To secure and administer private funds in support of academic programs, student scholarships, faculty development, public service initiatives, and other priorities of Delaware State University.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$14,420,750$13,605,942▼ $814,808
Cash and Non-Interest-Bearing Accounts$3,713,818$4,162,349▲ $448,531
Pledges and Grants Receivable$1,717,006$1,857,287▲ $140,281
Land, Buildings, and Equipment, Net$73,810$62,738▼ $11,072
Total Assets$21,036,548$20,691,464▼ $345,084
Other Assets Total$1,111,164$1,003,148▼ $108,016
Liabilities
Deferred Revenue$415,865$377,870▼ $37,995
Other Liabilities$118,410$236,585▲ $118,175
Accounts Payable and Accrued Expenses$57,302$72,236▲ $14,934
Total Liabilities$591,577$686,691▲ $95,114
Net Assets / Fund Balance
Temporarily Rstr Net Assets$11,001,574$11,026,596▲ $25,022
Permanently Rstr Net Assets$8,038,220$8,108,683▲ $70,463
Unrestricted Net Assets$1,405,177$869,494▼ $535,683
Total Net Assets Fund Balance$20,444,971$20,004,773▼ $440,198
Total Liabilities and Net Assets / Fund Balance$21,036,548$20,691,464▼ $345,084

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$62,738$39,762$102,500
Other Securities$1,035,305--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$13,543,456$70,463▼ $161,358-$12,981,120
2014$13,801,349$248,503▲ $61,227-$13,543,456
2013$11,470,085$1,218,087▲ $1,490,066-$13,801,349
2012$10,427,404$409,053▲ $1,008,802-$11,470,085
2011$12,002,499$49,564▼ $1,166,703-$10,427,404
Compensation and Service Providers
Top Officer Pay83rd percentile

Employees

NameTitleFull / Part TimeOtherTotal
Michele MartinInterim Controller of DelaPT$125,710$125,710

Board Members and Trustees

NameTitle
James StewartChairman of the BOD
Teresa HardeeInterim President of Delaw
Vita PickrumPresident
Harry L WilliamsPresident of Delaware Stat
Jose EcheverriSecretary and Treasurer of

Highest Paid Contractors

ContractorServicesLocationCompensation
Loockerman CateringCatering Services1200 N DUPONT HWY, Dover, DE 19901$149,064
Revenue and Support

Revenue Composition

Contributions and Grants
$3,479,071
Program Service Revenue
$0
Investment Income
$33,950
Other Revenue
$-64,598
All Other Contributions
$3,393,380
Change in Net Assets
$-137,650

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,448,423
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-113,848
Total Revenue per Audited Statements
$3,334,575
Total Revenue per Form 990
$3,448,423
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,793,878
Other Expenses$1,792,195
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,793,878--$1,793,878
Office Expenses$439,653$210,603-$650,256
Fees for Services Other$550,344$28,815-$579,159
Other Expenses$388,661--$388,661
All Other Expenses$83,498--$83,498
Travel$59,452$9,164-$68,616
Depreciation Depletion$11,071--$11,071
Conferences and Meetings$10,934--$10,934
Total Functional Expenses$3,337,491$248,582$0$3,586,073

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$3,774,773
Expenses per Audited Statements$3,586,073
Total Expenses per Form 990$3,586,073
Expenses Not Reported on Form 990$188,700
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Delaware State University-501(c)(3)To support academic programs, student scholarships, faculty development, public service initiatives, and other priorities of Delaware State University.$1,793,878
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$188,700
Fundraising Gross Income$124,102
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
President's Scholarship Ball$81,128$25,597$33,592$-7,995
Golf Tournament$19,675$19,675$6,824$12,851
Total Events$179,895$94,204$188,700$-94,496
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Delaware State University$157,009
Charitable Gift Annuity Payable$79,576
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, line 8B

“The Delaware State University Foundation does not have a committee with authority to act on behalf of the governing body.”

Form 990, Part VI, Section B, line 11

“Each board member receives a copy of the 990 to review and to make any comments are changes. Once all changes and a final approval is received from each board members, the 990 form is signed by the Controller or President and mailed.”

Form 990, Part VI, Section B, line 12C

“We are getting recertifications from board members and will do it annually. Currently our board membership is static and small discussions concerning conflicts are informally held during the term of the members.”

Form 990, Part VI, Section C, line 19

“The Delaware State University Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Delaware State University Foundation Inc
EIN
20-1372435
Phone
3028577801
Address
1200 North Dupont Highway, Dover, DE 19901

Signing Officer

Name
Dr Vita Pickrum CFRE
Title
President
Phone
3028576064
Signed
2017-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Carolyn Curry
Formed
2006
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
2

Preparer

Firm
SB & Company LLC
Address
200 International Circle Suite 5500, Hunt Valley, MD 21030
Preparer
Sheila Eichelberger
Phone
4105840060
Supplemental Narrative

Additional Explanations

Form 990, Part IX, line 11G

“Other professional fees: Program service expenses 550,344. Management and general expenses 28,815. Fundraising expenses 0. Total expenses 579,159.”

Form 990, Part XII, Line 2C:

“The process has not changed from prior year.”

Financial Statement Notes

Part V, Line 4:

“Scholarships and University support.”

Part X, Line 2:

“The Foundation is exempt from taxation other than net unrelated business income tax under the provisions of Section 501(c)(3) of the Internal Revenue Code. Accordingly, no income tax expense has been provided in the accompanying financial statements. The Foundation has adopted the authoritative guidance relating to accounting for uncertainty in income taxes. These provisions provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. The Foundation performed an evaluation of uncertain tax positions as of June 30, 2016, and determined that there were no matters that would require recognition in the accompanying financial statements or which may have any effect on its tax-exempt status. As of June 30, 2016, the statute of limitations for fiscal years 2013 through 2016 remains open with the U.S. Federal jurisdiction or the various states and local jurisdictions in which the Foundation files tax returns. It is the Foundation's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense.”

Part XI, Line 2D - Other Adjustments:

“Fundraising Expenses 188,700.”

Part XII, Line 2D - Other Adjustments:

“Fundraising Expenses 188,700.”

Raw XML AppendixShowing 400 of 581 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt3Secretary and Treasurer of
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IRS990/MissionDesc0Delaware State University Foundation, Inc promotes and fosters the educational interests of Delaware State University, a publicly supported institution of higher education and a corporation of the State of Delaware. The Foundation seeks to create a sizeable monetary fund to be used for any program, project, or enterprise undertaken in the interest of the University.
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IRS990/OtherAssetsTotalGrp/BOYAmt01111164
IRS990/OtherAssetsTotalGrp/EOYAmt01003148
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0Bad Debt Expense
IRS990/OtherExpensesGrp/ProgramServicesAmt0388661
IRS990/OtherExpensesGrp/TotalAmt0388661
IRS990/OtherLiabilitiesGrp/BOYAmt0118410
IRS990/OtherLiabilitiesGrp/EOYAmt0236585
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt08038220
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt08108683
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt01717006
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01857287
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Carolyn Curry
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04009727
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0828022
IRS990/PYInvestmentIncomeAmt01437875
IRS990/PYOtherExpensesAmt0986348
IRS990/PYOtherRevenueAmt0-10500
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt03622732
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01814370
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05437102
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/ReconcilationRevenueExpnssAmt0-137650
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/IRSWrittenDeterminationInd0X
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0510305893
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01793878
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Delaware State University
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01793878
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0471441
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt013543456
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt070463
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt012981120
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-161358
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0567623
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt013801349
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0248503
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt013543456
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt061227
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0376889
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt011470085
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01218087
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt013801349
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01490066
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt0375174
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt010427404
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0409053
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt011470085
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01008802
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt0457956
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt012002499
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt049564
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt010427404
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1166703
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0188700
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03586073
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-302548
IRS990ScheduleD/OtherExpensesIncludedAmt0188700
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt062738
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt039762
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0102500
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0157009
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt179576
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Due to Delaware State University
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Charitable Gift Annuity Payable
IRS990ScheduleD/OtherRevenueAmt0188700
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt018126
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt13614181
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt25559453
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt33328877
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt450000
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt51035305
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Money Market Funds
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Fixed Income Funds
IRS990ScheduleD/OtherSecuritiesGrp/Desc2US Equity Funds
IRS990ScheduleD/OtherSecuritiesGrp/Desc3Non-US Equity Funds
IRS990ScheduleD/OtherSecuritiesGrp/Desc4Leading Edge Ventures I
IRS990ScheduleD/OtherSecuritiesGrp/Desc5Mutual Fund
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd2F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd3F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd4C
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd5F
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.62470
IRS990ScheduleD/RevenueNotReportedAmt0-113848
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03448423
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Scholarships and University support.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Foundation is exempt from taxation other than net unrelated business income tax under the provisions of Section 501(c)(3) of the Internal Revenue Code. Accordingly, no income tax expense has been provided in the accompanying financial statements. The Foundation has adopted the authoritative guidance relating to accounting for uncertainty in income taxes. These provisions provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. The Foundation performed an evaluation of uncertain tax positions as of June 30, 2016, and determined that there were no matters that would require recognition in the accompanying financial statements or which may have any effect on its tax-exempt status. As of June 30, 2016, the statute of limitations for fiscal years 2013 through 2016 remains open with the U.S. Federal jurisdiction or the various states and local jurisdictions in which the Foundation files tax returns. It is the Foundation's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2Fundraising Expenses 188,700.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Fundraising Expenses 188,700.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0Part V, Line 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1Part X, Line 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2Part XI, Line 2d - Other Adjustments:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3Part XII, Line 2d - Other Adjustments:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.37540
IRS990ScheduleD/TotalBookValueLandBuildingsAmt062738
IRS990ScheduleD/TotalBookValueSecuritiesAmt013605942
IRS990ScheduleD/TotalExpensesPerForm990Amt03586073
IRS990ScheduleD/TotalLiabilityAmt0236585
IRS990ScheduleD/TotalRevenuePerForm990Amt03448423
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt03334575
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt03774773
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt085691
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt055531
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt030160
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0188700
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt021079
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt021079
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0President's Scholarship Ball
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0Golf Tournament
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt022269
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt022269
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt081128
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt019675
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt079092
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0179895
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt025597
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt019675
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt048932
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt094204
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0-94496
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt054636
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt095052
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt033592
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt06824
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt07
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt040128
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent2Amt05672
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt04500
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt050300
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01793878
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(c)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0To support academic programs, student scholarships, faculty development, public service initiatives, and other priorities of Delaware State University.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0Delaware State University
IRS990ScheduleI/RecipientTable/RecipientEIN0510305893
IRS990ScheduleI/Total501c3OrgCnt01
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,691,464
Liabilities
$686,691
Net assets
$20,004,773
Revenue
$3,448,423
Expenses
$3,586,073
Net income
-$137,650
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$37.5$0.46$37.0$15.1$21.2$6.09
2023Detailed filing. Detailed filing data is available for this year.$41.6$0.47$41.1$14.8$12.1$2.72
2022Detailed filing. Detailed filing data is available for this year.$37.3$0.94$36.4$19.1$8.75$10.3
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.8$0.65$29.2$16.9$6.24$10.6
2020Detailed filing. Detailed filing data is available for this year.$15.1$0.26$14.9$6.79$5.98$0.81
2019Detailed filing. Detailed filing data is available for this year.$14.7$0.49$14.2$5.45$12.3$6.84
2018Detailed filing. Detailed filing data is available for this year.$21.5$0.74$20.7$4.37$4.88$0.51
2017Detailed filing. Detailed filing data is available for this year.$21.1$0.43$20.7$3.53$3.72$0.18
2016Detailed filing. Detailed filing data is available for this year.$20.7$0.69$20.0$3.45$3.59$0.14
2015Detailed filing. Detailed filing data is available for this year.$21.0$0.59$20.4$5.44$1.81$3.62
2014Detailed filing. Detailed filing data is available for this year.$18.6$0.66$18.0$3.43$2.27$1.16
2013Summary only. Only limited summary data is available for this year.$16.4$0.64$15.7$1.87$1.84$0.02
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.6$0.52$15.1$1.70
2011Summary only. Only limited summary data is available for this year.$16.4$0.59$15.9$2.28$1.13$1.15