Civic Intelligence

Delaware Financial Education

EIN 22-2549908 • 501(c)3 • Dover, DE

Profile

To provide financial literacy training designed for and targeted to persons of low and moderate income in the state of delaware through a variety of educational programs and to provide quality training programs to employees of member banks in the financial services industry in delaware.

PO Box 494Dover, DE 19903

www.debankers.com

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

54th percentile

0.03x

Higher debt load relative to assets than 54% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

58th percentile

0.04x

Higher debt load relative to revenue than 58% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

65th percentile

13%

Higher net margin than 65% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

98th percentile

$348,616

Higher top officer pay than 98% of similar nonprofits.

Top officer pay equals 50.9% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

68th percentile

12%

Faster asset growth than 68% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

50th percentile

6.5%

Faster revenue growth than 50% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Up

$959,116

Up $102,852 (+12%) from 2024

Liabilities

Up

$24,017

Up $13,921 (+138%) from 2024

Net Assets

Up

$935,099

Up $88,931 (+11%) from 2024

Revenue

Up

$685,429

Up $42,005 (+6.5%) from 2024

Expenses

Up

$596,498

Up $68,893 (+13%) from 2024

Net Income

Down

$88,931

Down $26,888 (-23%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.0M$500K$0Assets 2011: $121,677Liabilities 2011: $68,358Net Assets 2011: $53,3192011Assets 2012: $102,229Liabilities 2012: $43,336Net Assets 2012: $58,8932012Assets 2013: $116,675Liabilities 2013: $12,634Net Assets 2013: $104,0412013Assets 2014: $172,305Liabilities 2014: $23,305Net Assets 2014: $149,0002014Assets 2015: $212,730Liabilities 2015: $19,565Net Assets 2015: $193,1652015Assets 2016: $226,707Liabilities 2016: $21,010Net Assets 2016: $205,6972016Assets 2017: $343,981Liabilities 2017: $89,418Net Assets 2017: $254,5632017Assets 2018: $306,949Liabilities 2018: $22,515Net Assets 2018: $284,4342018Assets 2019: $472,155Liabilities 2019: $64,727Net Assets 2019: $407,4282019Assets 2020: $608,641Liabilities 2020: $145,486Net Assets 2020: $463,1552020Assets 2021: $584,994Liabilities 2021: $121,514Net Assets 2021: $463,4802021Assets 2022: $619,519Liabilities 2022: $68,617Net Assets 2022: $550,9022022Assets 2023: $761,556Liabilities 2023: $31,207Net Assets 2023: $730,3492023Assets 2024: $856,264Liabilities 2024: $10,096Net Assets 2024: $846,1682024Assets 2025: $959,116Liabilities 2025: $24,017Net Assets 2025: $935,0992025

Highlighted filing

2025

Assets$959,116
Liabilities$24,017
Net Assets$935,099

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$800K$600K$400K$200K$0Expenses 2011: $549,5462011Expenses 2012: $364,1552012Expenses 2013: $333,4382013Revenue 2014: $362,046Expenses 2014: $317,087Net Income 2014: $44,9592014Revenue 2015: $432,401Expenses 2015: $388,236Net Income 2015: $44,1652015Revenue 2016: $532,669Expenses 2016: $520,137Net Income 2016: $12,5322016Revenue 2017: $753,040Expenses 2017: $704,174Net Income 2017: $48,8662017Revenue 2018: $746,982Expenses 2018: $717,111Net Income 2018: $29,8712018Revenue 2019: $794,037Expenses 2019: $671,043Net Income 2019: $122,9942019Revenue 2020: $688,652Expenses 2020: $632,925Net Income 2020: $55,7272020Revenue 2021: $493,366Expenses 2021: $493,041Net Income 2021: $3252021Revenue 2022: $568,013Expenses 2022: $480,591Net Income 2022: $87,4222022Revenue 2023: $674,551Expenses 2023: $495,104Net Income 2023: $179,4472023Revenue 2024: $643,424Expenses 2024: $527,605Net Income 2024: $115,8192024Revenue 2025: $685,429Expenses 2025: $596,498Net Income 2025: $88,9312025

Highlighted filing

2025

Revenue$685,429
Expenses$596,498
Net Income$88,931

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$9.59$0.24$9.35$6.85$5.96$0.89
2024Summary only. Only limited summary data is available for this year.$8.56$0.10$8.46$6.43$5.28$1.16
2023Summary only. Only limited summary data is available for this year.$7.62$0.31$7.30$6.75$4.95$1.79
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$6.20$0.69$5.51$5.68$4.81$0.87
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$5.85$1.22$4.63$4.93$4.93$0.00
2020Summary only. Only limited summary data is available for this year.$6.09$1.45$4.63$6.89$6.33$0.56
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.72$0.65$4.07$7.94$6.71$1.23
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.07$0.23$2.84$7.47$7.17$0.30
2017Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.44$0.89$2.55$7.53$7.04$0.49
2016Detailed filing. Detailed filing data is available for this year.$2.27$0.21$2.06$5.33$5.20$0.13
2015Detailed filing. Detailed filing data is available for this year.$2.13$0.20$1.93$4.32$3.88$0.44
2014Detailed filing. Detailed filing data is available for this year.$1.72$0.23$1.49$3.62$3.17$0.45
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.17$0.13$1.04$3.33
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.02$0.43$0.59$3.64
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.22$0.68$0.53$5.50
Latest Detailed Filing

The latest 2025 filing currently has linked XML that has not been fully parsed yet. Showing the latest detailed filing from 2022 below.

Jump To
Filing Snapshot
Filing Period
Jun 1, 2021 to May 31, 2022
Signed
Sep 29, 2022
Return Version
2021v4.2
Gross Receipts
$568,013
Mission and Program Overview

Mission

To provide financial literacy training designed for and targeted to persons of low and moderate income in the state of delaware through a variety of educational programs and to provide quality training programs to employees of member banks in the financial services industry in delaware.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments$454,961$509,640▲ $54,679
Cash and Non-Interest-Bearing Accounts$89,369$45,877▼ $43,492
Accounts Receivable$13,855$37,178▲ $23,323
Prepaid Expenses and Deferred Charges$26,809$26,824▲ $15
Total Assets$584,994$619,519▲ $34,525
Liabilities
Deferred Revenue$66,171$64,519▼ $1,652
Unsecured Notes Loans Payable$49,810--
Accounts Payable and Accrued Expenses$5,533$4,098▼ $1,435
Total Liabilities$121,514$68,617▼ $52,897
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$427,259$530,435▲ $103,176
Net Assets With Donor Restrictions$36,221$20,467▼ $15,754
Total Net Assets Fund Balance$463,480$550,902▲ $87,422
Total Liabilities and Net Assets / Fund Balance$584,994$619,519▲ $34,525
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Margaret E CreganVP, Membership & AdministrPT$103,308$103,308

Board Members and Trustees

NameTitle
Thomas M ForrestChair
Dominic C CanusoChair-elect
Joe WestcottPast Chair
Sarah a LongPresident, CEO & Treasurer
Bonnie RumboldDirector
Caroline H DickersonDirector
Diana CliftDirector
George KernDirector
Isabel PryorDirector
James HutchinsonDirector
Joel SchillerDirector
Lisa P KirkwoodDirector
Nicholas P LambrowDirector
Shelley WaiteDirector
Matthew ParksDirector-at-large
Tarrie MillerDirector-at-large
Revenue and Support

Revenue Composition

Contributions and Grants
$85,041
Program Service Revenue
$481,701
Investment Income
$1,271
Other Revenue
$0
All Other Contributions
$85,041
Change in Net Assets
$87,422

Audited Revenue Reconciliation

Revenue per Audited Statements
$568,013
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$568,013
Total Revenue per Form 990
$568,013
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$478,591
Grants and Similar Amounts Paid$2,000
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management$230,039$48,001-$278,040
Conferences and Meetings$84,691--$84,691
Fees for Services Accounting$4,446$8,847-$13,293
Occupancy$2,020$8,610-$10,630
All Other Expenses$8,448$1,513-$9,961
Information Technology$5,710$1,008-$6,718
Office Expenses$3,085$544-$3,629
Grants to Domestic Orgs$2,000--$2,000
Other Expenses$1,376$153-$1,529
Total Functional Expenses$410,984$69,607$0$480,591

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$480,591
Total Expenses per Audited Statements$480,591
Total Expenses per Form 990$480,591
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
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 35% controlled entity
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
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

Delaware financial education alliance engages delaware bankers association to provide management services. Fees paid to delaware bankers association are listed in the supplemental information to this return.

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

The organization's form 990 is distributed electronically to the governing body prior to submission.

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

Per the written conflict of interest policy: the organization's president will monitor proposed or ongoing transactions for conflicts of interest and disclose them to the chairman of the board of directors in order to deal with potential or actual conflicts, whether discovered before or after the transaction has occurred.

Form 990, Part VI, Section B, Line 15

Delaware financial education alliance does not have compensation expense because they engage delaware bankers association to provide management services. The delaware bankers associaton's personnel committee uses data from a compensation survey provided by the ohio bankers league.

Form 990, Part VI, Section C, Line 19

Documents are available upon request.

FORM 990, PART VI, LINE 8B:

Investment committee monitors adherence to the investment policy. The committee is responsible for defining investment goals and objectives for the association and alliance. The committee oversees the performance of dfea's investment plan and recommends strategies to help improve earnings, manage liquidity, and safeguard investments from loss. The committee is comprised of at least three persons from the dba/dfea board including the chair-elect. The committee will meet on an annual basis and may also meet on an ad-hoc basis as necessary.

Filing and Contact Details

Filer

Filer Name
Delaware Financial Education
EIN
22-2549908
Phone
3026740200
Address
PO BOX 494, DOVER, DE 19903

Signing Officer

Name
Sarah a Long
Title
President, CEO & Treasurer
Phone
3026740200
Signed
2022-09-29
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Sarah a Long
Formed
1983
Legal Domicile
De
Voting Board Members
15
Independent Board Members
15
Employees
0
Volunteers
15

Preparer

Firm
Pks & Company Pa
Address
1801 SWEETBAY DRIVE, SALISBURY, MD 21804
Preparer
Andrew M Haynie CPA
Phone
4105465600
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

No change from prior year

Raw XML AppendixShowing 400 of 577 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.

Path#Value
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IRS990/ActivitiesConductedPrtshpInd00
IRS990/ActivityOrMissionDesc0TO PROVIDE FINANCIAL LITERACY TRAINING DESIGNED FOR AND TARGETED TO PERSONS OF LOW AND MODERATE INCOME IN THE STATE OF DELAWARE THROUGH A VARIETY OF EDUCATIONAL PROGRAMS AND TO PROVIDE QUALITY TRAINING PROGRAMS TO EMPLOYEES OF MEMBER BANKS IN THE FINANCIAL SERVICES INDUSTRY IN DELAWARE.
IRS990/AllOtherContributionsAmt085041
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IRS990/AllOtherExpensesGrp/TotalAmt09961
IRS990/AnnualDisclosureCoveredPrsnInd01
IRS990/AuditCommitteeInd01
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IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0SARAH A LONG
IRS990/BooksInCareOfDetail/PhoneNum03026740202
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 494
IRS990/BooksInCareOfDetail/USAddress/CityNm0DOVER
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0DE
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IRS990/DonorRstrOrQuasiEndowmentsInd00
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IRS990/Form990PartVIISectionAGrp/PersonNm1DOMINIC C CANUSO
IRS990/Form990PartVIISectionAGrp/PersonNm2JOE WESTCOTT
IRS990/Form990PartVIISectionAGrp/PersonNm3TARRIE MILLER
IRS990/Form990PartVIISectionAGrp/PersonNm4MATTHEW PARKS
IRS990/Form990PartVIISectionAGrp/PersonNm5DIANA CLIFT
IRS990/Form990PartVIISectionAGrp/PersonNm6CAROLINE H DICKERSON
IRS990/Form990PartVIISectionAGrp/PersonNm7JAMES HUTCHINSON
IRS990/Form990PartVIISectionAGrp/PersonNm8GEORGE KERN
IRS990/Form990PartVIISectionAGrp/PersonNm9LISA P KIRKWOOD
IRS990/Form990PartVIISectionAGrp/PersonNm10NICHOLAS P LAMBROW
IRS990/Form990PartVIISectionAGrp/PersonNm11BONNIE RUMBOLD
IRS990/Form990PartVIISectionAGrp/PersonNm12ISABEL PRYOR
IRS990/Form990PartVIISectionAGrp/PersonNm13SHELLEY WAITE
IRS990/Form990PartVIISectionAGrp/PersonNm14JOEL SCHILLER
IRS990/Form990PartVIISectionAGrp/PersonNm15SARAH A LONG
IRS990/Form990PartVIISectionAGrp/PersonNm16MARGARET E CREGAN
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IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR-AT-LARGE
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt15PRESIDENT, CEO & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP, MEMBERSHIP & ADMINISTR
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