Civic Intelligence

First Community Foundation F/K/A Eastside Community Learning Center

990 • Fiscal year 2018 • EIN 20-4215109

Jul 01, 2017 to Jun 30, 2018 • Filed on May 20, 2019

1101 Delaware StreetNew Castle, DE 19720

(302) 762-5834

Siviq Scores

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

Liabilities / Assets

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Liabilities / Revenue

14th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Net Margin

20th percentile

-11%

Higher net margin than 20% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Top Officer Pay

55th percentile

$73,934

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2018

Asset Growth

21st percentile

-6.2%

Faster asset growth than 21% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Revenue Growth

60th percentile

8.6%

Faster revenue growth than 60% of similar nonprofits.

2018 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2017 to 2018

Assets

Down

$4,190,940

Down $277,713 (-6.2%) from 2017

Net Assets

Down

$4,190,940

Down $255,093 (-5.7%) from 2017

Liabilities

Down

$0

Down $22,620 (-100%) from 2017

Revenue

Up

$836,535

Up $66,174 (+8.6%) from 2017

Expenses

Up

$925,747

Up $65,800 (+7.7%) from 2017

Net Income

Up

-$89,212

Up $374 (+0.4%) from 2017

Historical Trend

Balance Sheet Trend

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

$20M$15M$10M$5.0M$0Assets 2011: $3,982,383Liabilities 2011: $16,217Net Assets 2011: $3,966,1662011Assets 2012: $4,182,765Liabilities 2012: $15,439Net Assets 2012: $4,167,3262012Assets 2013: $3,924,649Liabilities 2013: $49,424Net Assets 2013: $3,875,2252013Assets 2014: $4,344,286Liabilities 2014: $83,693Net Assets 2014: $4,260,5932014Assets 2015: $4,163,492Liabilities 2015: $20,693Net Assets 2015: $4,142,7992015Assets 2016: $4,624,736Liabilities 2016: $172,537Net Assets 2016: $4,452,1992016Assets 2017: $4,468,653Liabilities 2017: $22,620Net Assets 2017: $4,446,0332017Assets 2018: $4,190,940Liabilities 2018: $0Net Assets 2018: $4,190,9402018Assets 2019: $3,747,804Liabilities 2019: $0Net Assets 2019: $3,747,8042019Assets 2020: $3,417,453Liabilities 2020: $0Net Assets 2020: $3,417,4532020Assets 2021: $3,510,290Liabilities 2021: $64,067Net Assets 2021: $3,446,2232021Assets 2022: $9,736,066Liabilities 2022: $182,635Net Assets 2022: $9,553,4312022Assets 2023: $14,600,548Liabilities 2023: $63,647Net Assets 2023: $14,536,9012023Assets 2024: $17,125,210Liabilities 2024: $636,538Net Assets 2024: $16,488,6722024

Highlighted filing

2018

Assets$4,190,940
Liabilities$0
Net Assets$4,190,940

Operations Trend

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2011: $636,7682011Expenses 2012: $587,9132012Expenses 2013: $712,6742013Revenue 2014: $960,514Expenses 2014: $606,970Net Income 2014: $353,5442014Revenue 2015: $553,469Expenses 2015: $514,338Net Income 2015: $39,1312015Revenue 2016: $943,544Expenses 2016: $622,672Net Income 2016: $320,8722016Revenue 2017: $770,361Expenses 2017: $859,947Net Income 2017: -$89,5862017Revenue 2018: $836,535Expenses 2018: $925,747Net Income 2018: -$89,2122018Revenue 2019: $495,735Expenses 2019: $956,743Net Income 2019: -$461,0082019Revenue 2020: $448,836Expenses 2020: $680,210Net Income 2020: -$231,3742020Revenue 2021: $479,251Expenses 2021: $632,824Net Income 2021: -$153,5732021Revenue 2022: $7,119,554Expenses 2022: $801,650Net Income 2022: $6,317,9042022Revenue 2023: $5,997,560Expenses 2023: $1,108,514Net Income 2023: $4,889,0462023Revenue 2024: $4,263,048Expenses 2024: $2,548,485Net Income 2024: $1,714,5632024

Highlighted filing

2018

Revenue$836,535
Expenses$925,747
Net Income-$89,212
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
May 20, 2019
Return Version
2017v2.3
Gross Receipts
$1,629,663
Mission and Program Overview

Mission

The foundation's primary activity is fund raising and any other activities necessary to support the eastside charter school.

Public charter school supporting organization.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,445,443$2,154,128▼ $291,315
Investments in Publicly Traded Securities$1,451,790$1,921,996▲ $470,206
Pledges and Grants Receivable$346,358$67,022▼ $279,336
Cash and Non-Interest-Bearing Accounts$225,062$47,794▼ $177,268
Total Assets$4,468,653$4,190,940▼ $277,713
Liabilities
Accounts Payable and Accrued Expenses$22,620--
Total Liabilities$22,620$0▼ $22,620
Net Assets / Fund Balance
Unrestricted Net Assets$3,809,822$3,172,029▼ $637,793
Temporarily Rstr Net Assets$636,211$1,018,911▲ $382,700
Total Net Assets Fund Balance$4,446,033$4,190,940▼ $255,093
Total Liabilities and Net Assets / Fund Balance$4,468,653$4,190,940▼ $277,713

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,154,127$2,471,049$4,625,176
Equipment$0$22,209$22,209
Land$1-$1

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2017$884,407$80,000▲ $75,254-$1,018,911
2016$715,937$80,000▲ $104,153-$884,407
2015$659,645$80,000▼ $4,694-$715,937
2014$612,474$80,000▼ $22,633-$659,645
2013$507,055$80,136▲ $41,611-$612,474
Compensation and Service Providers

Employees

NameTitleOtherTotal
Aaron BassEx Officio, Non-voting Member$73,934$73,934

Board Members and Trustees

NameTitle
Thomas C HumphreyBoard Chair
Jocelyn StewartVice Chair
Aki VealBoard Member
Alexis SimmsBoard Member
Cecil Gordon MdBoard Member
Christine EisenhauerBoard Member
Hm Chip Sawyer IiiBoard Member
Michael HareBoard Member
Charles S McdowellChief Executive Officer
Charles H Toliver EsqSecretary
Donna G MitchellTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$777,551
Program Service Revenue
$0
Investment Income
$58,938
Other Revenue
$46
All Other Contributions
$777,551
Change in Net Assets
$-89,212

Audited Revenue Reconciliation

Revenue per Audited Statements
$836,535
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$30,457
Total Revenue per Audited Statements
$866,992
Total Revenue per Form 990
$836,535
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$618,375
Other Expenses$307,372
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$597,625--$597,625
Depreciation Depletion$291,315--$291,315
Grants to Domestic Individuals$20,750--$20,750
Fees for Service Investment Mgmnt Fees-$5,973-$5,973
Other Expenses-$3,851-$3,851
Office Expenses-$3,583-$3,583
Fees for Services Accounting-$2,650-$2,650
Total Functional Expenses$909,690$16,057$0$925,747

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$925,747
Total Expenses per Audited Statements$925,747
Total Expenses per Form 990$925,747
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
East Side Charter SchoolWilmington, DE501(c)(3)To Provide Support for the Activities of the Charter School$304,198
Charter School of New CastleNew Castle, DE501(c)(3)To Provide Support for the Activities of the Charter School$293,426
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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

East side community learning center foundation is controlled by eastside charter school (a public charter school of the state of delaware) and therefore the two are "related organizations". Aaron bass ex officio, non-voting director of the foundation, served as, chief executive officer of eastside charter. However, all charter school personnel are employees of the state of delaware for tax purposes and mr. Bass received all of his "reportable compensation" for services to eastside charter from the state of delaware. The state of delaware is not a "related organization" to the foundation. Mr. Bass received no compensation from the foundation.

Form 990, Part VI, Section A, Line 2

Director sawyer is a principal in westover capital advisors which provides investment advice to ceo mcdowell.

Form 990, Part VI, Section A, Line 6

The foundation's charter and bylaws provide that the directors of the corporation shall also be its "members".

Form 990, Part VI, Section B, Line 11B

The form 990 was prepared by the foundation's outside accountants in consultation with the foundation's directors and management. The 990 was made available to all board members for review and comment to the chief executive officer before the filing.

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

Form 990, part vi, section b, line 12c: directors complete and file an annual conflict of interest disclosure statement.

Form 990, Part VI, Section C, Line 19

All governing documents, conflict of interest policy and financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
East Side Community Learning Center
EIN
20-4215109
Phone
3027625834
Address
1101 DELAWARE STREET, NEW CASTLE, DE 19720

Signing Officer

Name
Charles S Mcdowell
Title
Chief Executive Officer
Phone
3027625834
Signed
2019-05-20

Organization Details

Principal Officer
Thomas C Humphrey
Formed
2006
Legal Domicile
De
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
25

Preparer

Firm
Barbacane Thornton & Company Llp
Address
200 SPRINGER BLDG 3411 SILVERSIDE, RD, WILMINGTON, DE 19810-4866
Preparer
Jeffrey a Kowalczyk CPA
Phone
3024788940
Supplemental Narrative

Financial Statement Notes

PART V, LINE 4:

Crozier trust has pledged to contribute $80,000 per year for 14 years which began in 2008, to fund scholarships for graduating 8th graders to go to an independent high school. The trust has a veto right over the investment of the endowment funds and the trust has one representative on the school committee which selects the scholarship winners.

PART X, LINE 2:

The foundation is exempt from federal income tax under section 501(c)(3) of the internal revenue code and, therefore, has no provision for federal income taxes. The foundation qualifies for the charitable contribution deduction under section 170(b)(1)(a) and has been classified as an organization that is not a private foundation under section 509(a)(1). The foundation did not engage in any unrelated business activities during the fiscal year. Management believes it is more likely than not that its tax-exempt status and tax positions will be sustained if examined by authorities.

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IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0PUBLIC CHARTER SCHOOL SUPPORTING ORGANIZATION
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt04446033
IRS990/NetAssetsOrFundBalancesEOYAmt04190940
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt020960
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt020960
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt030457
IRS990/NondeductibleContributionsInd00
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt03583
IRS990/OfficeExpensesGrp/TotalAmt03583
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0PROFESSIONAL DEVELOPMEN
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03851
IRS990/OtherExpensesGrp/TotalAmt03851
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt046
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt046
IRS990/OtherRevenueTotalAmt046
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0346358
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt067022
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0THOMAS C HUMPHREY
IRS990/PriorPeriodAdjustmentsAmt0-196338
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0746648
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0543587
IRS990/PYInvestmentIncomeAmt023713
IRS990/PYOtherExpensesAmt0316360
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-89586
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt0859947
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0770361
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-89212
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
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/Form990ScheduleAPartVIGrp/ExplanationTxt0EXPENSES WERE PAID BY EAST SIDE COMMUNITY LEARNING CENTER FOUNDATION ON BEHALF OF EAST SIDE CHARTER SCHOOL. THESE AMOUNTS ARE DEDUCTED FROM THE CASH FUNDING GIVEN TO THE SCHOOL.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0PART 1 12G COLUMN VI
IRS990ScheduleA/OtherSupportSumAmt046960
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0510377733
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt046960
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt0304198
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0EAST SIDE CHARTER SCHOOL OF WILMINGTON
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt0304198
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt02154127
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02471049
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04625176
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt0884407
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt080000
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01018911
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt020750
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt075254
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt04433
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt0715937
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt080000
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt0884407
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt011250
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0104153
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt03717
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0659645
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt080000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt0715937
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt015297
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-4694
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt03353
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0612474
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt080000
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0659645
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt06843
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-22633
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0507055
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt080136
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0612474
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt016328
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt041611
IRS990ScheduleD/DisclosedForCharitablePrpsInd01
IRS990ScheduleD/DisclosedOrgLegCtrlInd01
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/EquipmentGrp/BookValueAmt00
IRS990ScheduleD/EquipmentGrp/DepreciationAmt022209
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt022209
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0925747
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/FundsAndOtherAccountsContriAmt080000
IRS990ScheduleD/FundsAndOtherAccountsGrantsAmt00
IRS990ScheduleD/FundsAndOtherAccountsHeldCnt01
IRS990ScheduleD/FundsAndOtherAccountsVlEOYAmt01018911
IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/NetUnrealizedGainsInvstAmt030457
IRS990ScheduleD/RevenueNotReportedAmt030457
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0836535
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0CROZIER TRUST HAS PLEDGED TO CONTRIBUTE $80,000 PER YEAR FOR 14 YEARS WHICH BEGAN IN 2008, TO FUND SCHOLARSHIPS FOR GRADUATING 8TH GRADERS TO GO TO AN INDEPENDENT HIGH SCHOOL. THE TRUST HAS A VETO RIGHT OVER THE INVESTMENT OF THE ENDOWMENT FUNDS AND THE TRUST HAS ONE REPRESENTATIVE ON THE SCHOOL COMMITTEE WHICH SELECTS THE SCHOLARSHIP WINNERS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND, THEREFORE, HAS NO PROVISION FOR FEDERAL INCOME TAXES. THE FOUNDATION QUALIFIES FOR THE CHARITABLE CONTRIBUTION DEDUCTION UNDER SECTION 170(B)(1)(A) AND HAS BEEN CLASSIFIED AS AN ORGANIZATION THAT IS NOT A PRIVATE FOUNDATION UNDER SECTION 509(A)(1). THE FOUNDATION DID NOT ENGAGE IN ANY UNRELATED BUSINESS ACTIVITIES DURING THE FISCAL YEAR. MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THAT ITS TAX-EXEMPT STATUS AND TAX POSITIONS WILL BE SUSTAINED IF EXAMINED BY AUTHORITIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt02154128
IRS990ScheduleD/TotalExpensesPerForm990Amt0925747
IRS990ScheduleD/TotalRevenuePerForm990Amt0836535
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0866992
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0925747
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt020750
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt03
IRS990ScheduleI/RecipientTable/CashGrantAmt0304198
IRS990ScheduleI/RecipientTable/CashGrantAmt1293426
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt046960
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE SUPPORT FOR THE ACTIVITIES OF THE CHARTER SCHOOL
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1TO PROVIDE SUPPORT FOR THE ACTIVITIES OF THE CHARTER SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0EAST SIDE CHARTER SCHOOL
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1CHARTER SCHOOL OF NEW CASTLE
IRS990ScheduleI/RecipientTable/RecipientEIN0510377733
IRS990ScheduleI/RecipientTable/RecipientEIN1861105534
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt03000 NORTH CLAYMONT STREET
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt1160 LUKENS DRIVE
IRS990ScheduleI/RecipientTable/USAddress/CityNm0WILMINGTON
IRS990ScheduleI/RecipientTable/USAddress/CityNm1NEW CASTLE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0DE
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1DE
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd019802
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd119720
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0FAIR MARKET VALUE
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0THE BOARD OF DIRECTORS MONITORS THE ACTIVITIES OF THE SCHOOLS TO DETERMINE THAT GRANT FUNDS ARE SPENT APPROPRIATELY.
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt1SCHOLARSHIP ASSISTANCE TO A GRADUATING 8TH GRADER TO ATTEND AN INDEPENDENT HIGH SCHOOL IS AWARDED TO WINNERS OF THE CROZIER SCHOLARSHIP. THE SCHOLARSHIP FUNDS ARE PAID DIRECTLY TO THE HIGH SCHOOL. THE BOARD OF DIRECTORS MONITORS THE PERFORMANCE OF THE SCHOLARSHIP STUDENT AT THE HIGH SCHOOL.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc1PART III
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0EAST SIDE COMMUNITY LEARNING CENTER FOUNDATION IS CONTROLLED BY EASTSIDE CHARTER SCHOOL (A PUBLIC CHARTER SCHOOL OF THE STATE OF DELAWARE) AND THEREFORE THE TWO ARE "RELATED ORGANIZATIONS". AARON BASS EX OFFICIO, NON-VOTING DIRECTOR OF THE FOUNDATION, SERVED AS, CHIEF EXECUTIVE OFFICER OF EASTSIDE CHARTER. HOWEVER, ALL CHARTER SCHOOL PERSONNEL ARE EMPLOYEES OF THE STATE OF DELAWARE FOR TAX PURPOSES AND MR. BASS RECEIVED ALL OF HIS "REPORTABLE COMPENSATION" FOR SERVICES TO EASTSIDE CHARTER FROM THE STATE OF DELAWARE. THE STATE OF DELAWARE IS NOT A "RELATED ORGANIZATION" TO THE FOUNDATION. MR. BASS RECEIVED NO COMPENSATION FROM THE FOUNDATION.

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$17.1$0.64$16.5$4.26$2.55$1.71
2023Detailed filing. Detailed filing data is available for this year.$14.6$0.06$14.5$6.00$1.11$4.89
2022Detailed filing. Detailed filing data is available for this year.$9.74$0.18$9.55$7.12$0.80$6.32
2021Detailed filing. Detailed filing data is available for this year.$3.51$0.06$3.45$0.48$0.63$0.15
2020Detailed filing. Detailed filing data is available for this year.$3.42$0.00$3.42$0.45$0.68$0.23
2019Detailed filing. Detailed filing data is available for this year.$3.75$0.00$3.75$0.50$0.96$0.46
2018Detailed filing. Detailed filing data is available for this year.$4.19$0.00$4.19$0.84$0.93$0.09
2017Detailed filing. Detailed filing data is available for this year.$4.47$0.02$4.45$0.77$0.86$0.09
2016Detailed filing. Detailed filing data is available for this year.$4.62$0.17$4.45$0.94$0.62$0.32
2015Detailed filing. Detailed filing data is available for this year.$4.16$0.02$4.14$0.55$0.51$0.04
2014Detailed filing. Detailed filing data is available for this year.$4.34$0.08$4.26$0.96$0.61$0.35
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.92$0.05$3.88$0.71
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.18$0.02$4.17$0.59
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.98$0.02$3.97$0.64