Civic Intelligence

Delaware State University Foundation Inc.

990 • Fiscal year 2019 • EIN 20-1372435

Jul 01, 2018 to Jun 30, 2019 • Filed on Apr 09, 2020

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

(302) 857-6055

Siviq Scores

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

Liabilities / Assets

23rd percentile

0.03x

Higher debt load relative to assets than 23% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

28th percentile

0.09x

Higher debt load relative to revenue than 28% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Net Margin

2nd percentile

-125%

Higher net margin than 2% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

80th percentile

$314,258

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 5.8% of source-year revenue.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2019

Asset Growth

2nd percentile

-32%

Faster asset growth than 2% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

82nd percentile

25%

Faster revenue growth than 82% of similar nonprofits.

2019 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets23rd percentile

Assets

Down

$14,652,214

Down $6,825,019 (-32%) from 2018

Net Assets

Down

$14,161,214

Down $6,573,098 (-32%) from 2018

Liabilities

Down

$491,000

Down $251,921 (-34%) from 2018

Revenue And Expenses
Liabilities / Revenue28th percentileNet Margin2nd percentile

Revenue

Up

$5,453,288

Up $1,082,918 (+25%) from 2018

Expenses

Up

$12,294,950

Up $7,418,110 (+152%) from 2018

Net Income

Down

-$6,841,662

Down $6,335,192 (-1251%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth2nd 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

2019

Assets$14,652,214
Liabilities$491,000
Net Assets$14,161,214
Open 2019 Filing

Operations Trend

Revenue Growth82nd 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

2019

Revenue$5,453,288
Expenses$12,294,950
Net Income-$6,841,662
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Apr 9, 2020
Return Version
2018v3.1
Gross Receipts
$13,569,045
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$15,541,259$8,915,444▼ $6,625,815
Cash and Non-Interest-Bearing Accounts$4,575,146$4,215,155▼ $359,991
Land, Buildings, and Equipment, Net$96,427$531,510▲ $435,083
Pledges and Grants Receivable$466,727$212,999▼ $253,728
Total Assets$21,477,233$14,652,214▼ $6,825,019
Other Assets Total$797,674$777,106▼ $20,568
Liabilities
Deferred Revenue$540,428$390,660▼ $149,768
Other Liabilities$162,830$67,661▼ $95,169
Accounts Payable and Accrued Expenses$39,663$32,679▼ $6,984
Total Liabilities$742,921$491,000▼ $251,921
Net Assets / Fund Balance
Temporarily Rstr Net Assets$11,219,991$6,539,732▼ $4,680,259
Permanently Rstr Net Assets$8,268,279$5,511,929▼ $2,756,350
Unrestricted Net Assets$1,246,042$2,109,553▲ $863,511
Total Net Assets Fund Balance$20,734,312$14,161,214▼ $6,573,098
Total Liabilities and Net Assets / Fund Balance$21,477,233$14,652,214▼ $6,825,019

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$383,327$5,673$389,000
Other Land Buildings$148,183$101,817$250,000
Other Assets Org$777,106--
Other Securities$477,754--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$14,852,965$162,655▲ $866,186$7,300,000$8,400,409
2017$14,276,944$44,185▲ $966,247-$14,852,965
2016$12,981,120$115,411▲ $1,602,940-$14,276,945
2015$13,543,456$70,463▼ $161,358-$12,981,120
2014$13,801,349$248,503▲ $61,227-$13,543,456
Compensation and Service Providers
Top Officer Pay80th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
Wilma MishoeUniversity PresidentPT$300,954$13,304$314,258
Vita PickrumFoundation President-$186,464$9,800$196,264
Jose' EcheverriSecretary/Treasurer/Director-$68,317$3,943$72,260
Henrietta SavageComptroller-$61,450$6,005$67,455
Revenue and Support

Revenue Composition

Contributions and Grants
$4,601,278
Program Service Revenue
$0
Investment Income
$576,785
Other Revenue
$275,225
All Other Contributions
$4,561,458
Change in Net Assets
$-6,841,662

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$389,000Appraised value
Other Non Cash Contri Table3$80,714Appraised value
Total Noncash Contributions4$469,714-

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,453,288
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$418,461
Total Revenue per Audited Statements
$5,871,749
Total Revenue per Form 990
$5,453,288
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$9,157,194
Grants and Similar Amounts Paid$3,137,756
Total Fundraising Expense$31,945
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$3,137,756--$3,137,756
Fees for Services Other$474,213$41,493-$515,706
Office Expenses$341,929$34,751-$376,680
Travel$82,950$17,699-$100,649
Other Expenses$771,824$4,958$31,945$31,945
Depreciation Depletion$31,417--$31,417
All Other Expenses$3,693$9,796-$13,489
Conferences and Meetings$8,724--$8,724
Occupancy$1,802--$1,802
Total Functional Expenses$12,154,308$108,697$31,945$12,294,950

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$12,444,847
Expenses per Audited Statements$12,294,950
Total Expenses per Form 990$12,294,950
Expenses Not Reported on Form 990$149,897
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.$3,137,756
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$243,610
Fundraising Direct Expenses$121,198
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
President's Scholarship Ball$162,845$130,745$7,569$123,176
First Lady's Hats & Gloves Tea$11,310$4,730$2,468$2,262
Total Events$283,430$243,610$121,198$122,412
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuity Payable$66,976
Security deposit$685
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
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 11B

“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
3028576055
Address
1200 North Dupont Highway, Dover, DE 19901

Signing Officer

Name
Dr Vita Pickrum CFRE
Title
President
Phone
3028576055
Signed
2020-04-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Vita Pickrum CFRE
Formed
2006
Legal Domicile
De
Voting Board Members
4
Independent Board Members
4
Employees
0
Volunteers
0

Preparer

Firm
Sb & Company
Address
OC
Preparer
Pamela Gray
Phone
4105842218
Supplemental Narrative

Additional Explanations

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 a not-for-profit organization that 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, 2019, 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, 2019, the statute of limitations for fiscal years 2016 through 2019 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 121,198.”

Part XII, Line 2D - Other Adjustments:

“Fundraising Expenses 121,198.”

Raw XML AppendixShowing 400 of 593 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/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0Dr Vita Pickrum CFRE
IRS990/ProfessionalFundraisingInd00
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IRS990/PYContributionsGrantsAmt03867520
IRS990/PYExcessBenefitTransInd00
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IRS990/PYOtherExpensesAmt01902660
IRS990/PYOtherRevenueAmt089337
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IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
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IRS990ScheduleA/IRSWrittenDeterminationInd0X
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IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
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IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt03137756
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0Delaware State University
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt03137756
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt0383327
IRS990ScheduleD/BuildingsGrp/DepreciationAmt05673
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt0389000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt0181397
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IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0162655
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IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0866186
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt07300000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt0434411
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt014276944
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt044185
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt014852965
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0966247
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt0422526
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt012981120
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0115411
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IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt061227
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt028699
IRS990ScheduleD/DonatedServicesUseFcltsAmt028699
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt012294950
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0268564
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt0777106
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0Investment in Schwartz Theater
IRS990ScheduleD/OtherExpensesIncludedAmt0121198
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0148183
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0101817
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0250000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt066976
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1685
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Charitable Gift Annuity Payable
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1Security deposit
IRS990ScheduleD/OtherRevenueAmt0121198
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt042252
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt12579267
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt23798458
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt31933610
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt484103
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt5477754
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Money Market Funds
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Fixed Income Funds
IRS990ScheduleD/OtherSecuritiesGrp/Desc2US Equity
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/PrmnntEndowmentBalanceEOYPct00.65620
IRS990ScheduleD/RevenueNotReportedAmt0418461
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05453288
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0Scholarships and University support.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1The Foundation is a not-for-profit organization that 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, 2019, 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, 2019, the statute of limitations for fiscal years 2016 through 2019 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 121,198.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3Fundraising Expenses 121,198.
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/TermEndowmentBalanceEOYPct00.34380
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0531510
IRS990ScheduleD/TotalBookValueOtherAssetsAmt0777106
IRS990ScheduleD/TotalBookValueSecuritiesAmt08915444
IRS990ScheduleD/TotalExpensesPerForm990Amt012294950
IRS990ScheduleD/TotalLiabilityAmt067661
IRS990ScheduleD/TotalRevenuePerForm990Amt05453288
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05871749
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt012444847
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt039820
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt032100
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt06580
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt01140
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0121198
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt040480
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt02500
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt042980
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0President's Scholarship Ball
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0First Lady's Hats & Gloves Tea
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt08847
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt06867
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt040052
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt055766
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0162845
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt011310
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0109275
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0283430
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0130745
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt04730
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt0108135
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0243610
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0122412
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt08815
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt018852
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt07569
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt02468
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt07
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt03600
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt03600
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt03137756
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/PurposeOfGrantTxt1student scholarships, faculty development, public service initiatives,and other priorities of Delaware State University.

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$14,652,214
Liabilities
$491,000
Net assets
$14,161,214
Revenue
$5,453,288
Expenses
$12,294,950
Net income
-$6,841,662
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