Civic Intelligence

Diamond State Classic Foundation

990EZ • Fiscal year 2021 • EIN 20-3217290

Oct 01, 2020 to Sep 30, 2021 • Filed on Nov 22, 2021

PO Box 7458Wilmington, DE 19803

(302) 563-3090

Siviq Scores

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

Liabilities / Assets

62nd percentile

0.01x

Higher debt load relative to assets than 62% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

68th percentile

0.02x

Higher debt load relative to revenue than 68% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

84th percentile

44%

Higher net margin than 84% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

77th percentile

$0

Higher top officer pay than 77% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

65th percentile

19%

Faster asset growth than 65% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

11th percentile

-67%

Faster revenue growth than 11% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Up

$53,552

Up $8,516 (+19%) from 2020

Net Assets

$53,191

No earlier filing loaded for comparison.

Liabilities

Up

$361

Up $341 (+1705%) from 2020

Revenue

Down

$18,652

Down $38,715 (-67%) from 2020

Expenses

Down

$10,477

Down $35,675 (-77%) from 2020

Net Income

Down

$8,175

Down $3,040 (-27%) from 2020

Historical Trend

Balance Sheet Trend

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

$60K$40K$20K$0Assets 2011: $49,702Liabilities 2011: $02011Assets 2012: $46,181Liabilities 2012: $02012Assets 2013: $36,163Liabilities 2013: $02013Assets 2014: $38,448Liabilities 2014: $02014Assets 2015: $42,220Liabilities 2015: $02015Assets 2016: $40,780Liabilities 2016: $1,1002016Assets 2017: $35,316Liabilities 2017: $5012017Assets 2018: $34,619Liabilities 2018: $1,2782018Assets 2019: $34,129Liabilities 2019: $3282019Assets 2020: $45,036Liabilities 2020: $202020Assets 2021: $53,552Liabilities 2021: $361Net Assets 2021: $53,1912021Assets 2022: $54,135Liabilities 2022: $5,020Net Assets 2022: $49,1152022Assets 2023: $35,253Net Assets 2023: $35,2532023Assets 2024: $30,361Liabilities 2024: $7,124Net Assets 2024: $23,2372024Assets 2025: $32,263Liabilities 2025: $6,524Net Assets 2025: $25,7392025

Highlighted filing

2021

Assets$53,552
Liabilities$361
Net Assets$53,191

Operations Trend

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

$80K$60K$40K$20K$0-$20KRevenue 2011: $43,785Expenses 2011: $48,302Net Income 2011: -$4,5172011Revenue 2012: $53,564Expenses 2012: $57,085Net Income 2012: -$3,5212012Revenue 2013: $41,486Expenses 2013: $51,504Net Income 2013: -$10,0182013Revenue 2014: $56,089Expenses 2014: $53,804Net Income 2014: $2,2852014Revenue 2015: $62,939Expenses 2015: $59,167Net Income 2015: $3,7722015Revenue 2016: $56,320Expenses 2016: $58,861Net Income 2016: -$2,5412016Revenue 2017: $51,513Expenses 2017: $56,378Net Income 2017: -$4,8652017Revenue 2018: $55,325Expenses 2018: $56,800Net Income 2018: -$1,4752018Revenue 2019: $54,375Expenses 2019: $53,914Net Income 2019: $4612019Revenue 2020: $57,367Expenses 2020: $46,152Net Income 2020: $11,2152020Revenue 2021: $18,652Expenses 2021: $10,477Net Income 2021: $8,1752021Revenue 2022: $28,973Expenses 2022: $33,049Net Income 2022: -$4,0762022Revenue 2023: $24,513Expenses 2023: $38,375Net Income 2023: -$13,8622023Revenue 2024: $26,657Expenses 2024: $38,672Net Income 2024: -$12,0152024Revenue 2025: $16,722Expenses 2025: $14,220Net Income 2025: $2,5022025

Highlighted filing

2021

Revenue$18,652
Expenses$10,477
Net Income$8,175
Jump To
Filing Snapshot
Filing Period
Oct 1, 2020 to Sep 30, 2021
Signed
Nov 22, 2021
Return Version
2020v4.0
Gross Receipts
$18,652
Mission and Program Overview

Mission

The mission of the diamond state classic foundation is: 1.to support the andrew mcdonough b+ foundation. 2.to highlight girls basketball in the state of delaware by bringing in some teams that delaware teams would not normally play. 3.to aid other fine charities such as the special olympics. 4.to raise scholarship money for deserving female basketball players.

Program Services

DescriptionGrantsExpenses
THE DIAMOND STATE CLASSIC FOUNDATION - A NON-PROFIT ORGANIZATION, THE DIAMOND STATE CLASSIC FOUNDATION IS DEDICATED TO RAISING SCHOLARSHIP MONEY TO AWARD TO QUALIFYING AND DESERVING GRADUATING SENIOR HIGH SCHOOL FEMALE ATHLETES IN THE STATE OF DELAWARE. IN ADDITION TO THIS, THE SPECIAL OLYMPICS DELAWARE, THE ANDREW MCDONOUGH B+ FOUNDATION, AND OTHER DELAWARE CHARITIES HAVE BENEFITED FROM GRANTS. OVER THE PAST 20 YEARS OF OPERATION, WE HAVE AWARDED OVER 950,000 IN SCHOLARSHIPS AND GRANTS. THE DIAMOND STATE CLASSIC IS A NATIONAL HIGH SCHOOL GIRLS VARSITY BASKETBALL TOURNAMENT HELD ANNUALLY FROM DECEMBER 27 THROUGH DECEMBER 30. SPONSORED BY THE DIAMOND STATE CLASSIC FOUNDATION, AND HOSTED BY SAINT ELIZABETH HIGH SCHOOL, THE TOURNAMENT IS OPERATED AND RUN PRIMARILY BY IAABO BOARD 11 ACTIVE AND RETIRED MEMBERS, AND OTHER DEDICATED INDIVIDUALS WHO VOLUNTEER THEIR TIME AND SERVICES. CORPORATE SPONSORS HAVE GENEROUSLY SUPPORTED OUR EFFORTS TO PROVIDE A QUALITY EXPERIENCE FOR ALL TEAMS PARTICIPATING IN THE DIAMOND STATE CLASSIC.$6,000$10,477
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
STEVEN MEEKERPresident-$0--
PAUL ZOPPISecretary-$0--
TIMOTHY REGENAUERTreasurer-$0--
KELLY CALLAHANDirector-$0--
MARK WOODWARDDirector-$0--
DAN MONIGLEDirector-$0--
Filing and Contact Details

Filer

Filer Name
Diamond State Classic Foundation
EIN
20-3217290
Address
PO BOX 7458, WILMINGTON, DE 19803

Signing Officer

Name
Timothy Regenauer
Title
Treasurer
Signed
2021-11-22
Discuss with paid preparer
Yes

Preparer

Firm
Dingle & Kane Pa
Address
356 EAST MAIN STREET STE 100, NEWARK, DE 19711
Preparer
William J Kane Sr
Phone
3027315200
Supplemental Narrative

Additional Explanations

Form 990-ez, Part I, Line 16

Expenses meeting expense 50 tournament operations 120 state of de filing fee 75 postage and mailing 204 charitable contribution 50 printing and copying 32 telephone, telecom, web 271 recognition 250 bad debt expense 3,000 total 4,052

Form 990-ez, Part II, Line 24

Accounts receivable 3,000 0 undeposited funds 1,300 600 total 4,300 600

Form 990-ez, Part II, Line 26

Accounts payable and accrued expenses 0 341 credit card 20 20

Form 990-ez, Part III

The mission of the diamond state classic foundation is: 1.to support the andrew mcdonough b+ foundation. 2.to highlight girls basketball in the state of delaware by bringing in some teams that delaware teams would not normally play. 3.to aid other fine charities such as the special olympics. 4.to raise scholarship money for deserving female basketball players.

Form 990-ez, Part III, Line 28

The diamond state classic foundation - a non-profit organization, the diamond state classic foundation is dedicated to raising scholarship money to award to qualifying and deserving graduating senior high school female athletes in the state of delaware. In addition to this, the special olympics delaware, the andrew mcdonough b+ foundation, and other delaware charities have benefited from grants. Over the past 20 years of operation, we have awarded over 950,000 in scholarships and grants. The diamond state classic is a national high school girls varsity basketball tournament held annually from december 27 through december 30. Sponsored by the diamond state classic foundation, and hosted by saint elizabeth high school, the tournament is operated and run primarily by iaabo board 11 active and retired members, and other dedicated individuals who volunteer their time and services. Corporate sponsors have generously supported our efforts to provide a quality experience for all teams participating in the diamond state classic.

Raw XML Appendix180 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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IRS990EZ/PrimaryExemptPurposeTxt0THE MISSION OF THE DIAMOND STATE CLASSIC FOUNDATION IS: 1.TO SUPPORT THE ANDREW MCDONOUGH B+ FOUNDATION. 2.TO HIGHLIGHT GIRLS BASKETBALL IN THE STATE OF DELAWARE BY BRINGING IN SOME TEAMS THAT DELAWARE TEAMS WOULD NOT NORMALLY PLAY. 3.TO AID OTHER FINE CHARITIES SUCH AS THE SPECIAL OLYMPICS. 4.TO RAISE SCHOLARSHIP MONEY FOR DESERVING FEMALE BASKETBALL PLAYERS.
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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EXPENSES MEETING EXPENSE 50 TOURNAMENT OPERATIONS 120 STATE OF DE FILING FEE 75 POSTAGE AND MAILING 204 CHARITABLE CONTRIBUTION 50 PRINTING AND COPYING 32 TELEPHONE, TELECOM, WEB 271 RECOGNITION 250 BAD DEBT EXPENSE 3,000 TOTAL 4,052
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ACCOUNTS RECEIVABLE 3,000 0 UNDEPOSITED FUNDS 1,300 600 TOTAL 4,300 600
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ACCOUNTS PAYABLE AND ACCRUED EXPENSES 0 341 CREDIT CARD 20 20
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE MISSION OF THE DIAMOND STATE CLASSIC FOUNDATION IS: 1.TO SUPPORT THE ANDREW MCDONOUGH B+ FOUNDATION. 2.TO HIGHLIGHT GIRLS BASKETBALL IN THE STATE OF DELAWARE BY BRINGING IN SOME TEAMS THAT DELAWARE TEAMS WOULD NOT NORMALLY PLAY. 3.TO AID OTHER FINE CHARITIES SUCH AS THE SPECIAL OLYMPICS. 4.TO RAISE SCHOLARSHIP MONEY FOR DESERVING FEMALE BASKETBALL PLAYERS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE DIAMOND STATE CLASSIC FOUNDATION - A NON-PROFIT ORGANIZATION, THE DIAMOND STATE CLASSIC FOUNDATION IS DEDICATED TO RAISING SCHOLARSHIP MONEY TO AWARD TO QUALIFYING AND DESERVING GRADUATING SENIOR HIGH SCHOOL FEMALE ATHLETES IN THE STATE OF DELAWARE. IN ADDITION TO THIS, THE SPECIAL OLYMPICS DELAWARE, THE ANDREW MCDONOUGH B+ FOUNDATION, AND OTHER DELAWARE CHARITIES HAVE BENEFITED FROM GRANTS. OVER THE PAST 20 YEARS OF OPERATION, WE HAVE AWARDED OVER 950,000 IN SCHOLARSHIPS AND GRANTS. THE DIAMOND STATE CLASSIC IS A NATIONAL HIGH SCHOOL GIRLS VARSITY BASKETBALL TOURNAMENT HELD ANNUALLY FROM DECEMBER 27 THROUGH DECEMBER 30. SPONSORED BY THE DIAMOND STATE CLASSIC FOUNDATION, AND HOSTED BY SAINT ELIZABETH HIGH SCHOOL, THE TOURNAMENT IS OPERATED AND RUN PRIMARILY BY IAABO BOARD 11 ACTIVE AND RETIRED MEMBERS, AND OTHER DEDICATED INDIVIDUALS WHO VOLUNTEER THEIR TIME AND SERVICES. CORPORATE SPONSORS HAVE GENEROUSLY SUPPORTED OUR EFFORTS TO PROVIDE A QUALITY EXPERIENCE FOR ALL TEAMS PARTICIPATING IN THE DIAMOND STATE CLASSIC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART III
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART III, LINE 28
ReturnHeader/BuildTS02022-09-23 18:48:47Z
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ReturnHeader/PreparerPersonGrp/PreparationDt02021-11-22
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0WILLIAM J KANE SR
ReturnHeader/ReturnTs02021-12-06T14:53:06-06:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0TIMOTHY
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0REGENAUER
ReturnHeader/TaxPeriodBeginDt02020-10-01
ReturnHeader/TaxPeriodEndDt02021-09-30
ReturnHeader/TaxYr02020

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$32.3$6.52$25.7$16.7$14.2$2.50
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$30.4$7.12$23.2$26.7$38.7$12.0
2023Detailed filing. Detailed filing data is available for this year.$35.3$35.3$24.5$38.4$13.9
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$54.1$5.02$49.1$29.0$33.0$4.08
2021Detailed filing. Detailed filing data is available for this year.$53.6$0.36$53.2$18.7$10.5$8.18
2020Summary only. Only limited summary data is available for this year.$45.0$0.02$57.4$46.2$11.2
2019Summary only. Only limited summary data is available for this year.$34.1$0.33$54.4$53.9$0.46
2018Summary only. Only limited summary data is available for this year.$34.6$1.28$55.3$56.8$1.48
2017Summary only. Only limited summary data is available for this year.$35.3$0.50$51.5$56.4$4.87
2016Summary only. Only limited summary data is available for this year.$40.8$1.10$56.3$58.9$2.54
2015Summary only. Only limited summary data is available for this year.$42.2$0.00$62.9$59.2$3.77
2014Summary only. Only limited summary data is available for this year.$38.4$0.00$56.1$53.8$2.29
2013Summary only. Only limited summary data is available for this year.$36.2$0.00$41.5$51.5$10.0
2012Summary only. Only limited summary data is available for this year.$46.2$0.00$53.6$57.1$3.52
2011Summary only. Only limited summary data is available for this year.$49.7$0.00$43.8$48.3$4.52