Civic Intelligence

Cendel Foundation

990 • Fiscal year 2017 • EIN 26-3590221

Jul 01, 2016 to Jun 30, 2017 • Filed on Nov 13, 2017

101 West Loockerman Street Suite BDover, DE 19904

(302) 674-4305

Siviq Scores

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

Liabilities / Assets

46th percentile

0.07x

Higher debt load relative to assets than 46% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Liabilities / Revenue

77th percentile

0.47x

Higher debt load relative to revenue than 77% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2017

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2017

Asset Growth

71st percentile

12%

Faster asset growth than 71% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Revenue Growth

88th percentile

55%

Faster revenue growth than 88% of similar nonprofits.

2017 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2016 to 2017

Assets

Up

$2,930,499

Up $304,734 (+12%) from 2016

Net Assets

Up

$2,719,222

Up $334,954 (+14%) from 2016

Liabilities

Down

$211,277

Down $30,220 (-13%) from 2016

Revenue

Up

$445,091

Up $157,228 (+55%) from 2016

Expenses

Down

$252,733

Down $78,141 (-24%) from 2016

Net Income

Up

$192,358

Up $235,369 (+547%) from 2016

Historical Trend

Balance Sheet Trend

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

$4.0M$3.0M$2.0M$1.0M$0Assets 2013: $2,492,336Liabilities 2013: $320,218Net Assets 2013: $2,172,1182013Assets 2014: $2,588,308Liabilities 2014: $301,968Net Assets 2014: $2,286,3402014Assets 2015: $2,752,615Liabilities 2015: $271,936Net Assets 2015: $2,480,6792015Assets 2016: $2,625,765Liabilities 2016: $241,497Net Assets 2016: $2,384,2682016Assets 2017: $2,930,499Liabilities 2017: $211,277Net Assets 2017: $2,719,2222017Assets 2019: $3,176,783Liabilities 2019: $146,452Net Assets 2019: $3,030,3312019Assets 2020: $3,147,365Liabilities 2020: $153,979Net Assets 2020: $2,993,3862020Assets 2021: $3,571,078Liabilities 2021: $132,511Net Assets 2021: $3,438,5672021Assets 2022: $3,202,247Liabilities 2022: $127,601Net Assets 2022: $3,074,6462022

Highlighted filing

2017

Assets$2,930,499
Liabilities$211,277
Net Assets$2,719,222

Operations Trend

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

$1.0M$500K$0-$500KExpenses 2013: $262,2232013Revenue 2014: $266,739Expenses 2014: $239,158Net Income 2014: $27,5812014Revenue 2015: $550,542Expenses 2015: $228,491Net Income 2015: $322,0512015Revenue 2016: $287,863Expenses 2016: $330,874Net Income 2016: -$43,0112016Revenue 2017: $445,091Expenses 2017: $252,733Net Income 2017: $192,3582017Revenue 2019: $351,005Expenses 2019: $261,004Net Income 2019: $90,0012019Revenue 2020: $741,923Expenses 2020: $782,309Net Income 2020: -$40,3862020Revenue 2021: $341,076Expenses 2021: $293,559Net Income 2021: $47,5172021Revenue 2022: $416,596Expenses 2022: $367,417Net Income 2022: $49,1792022

Highlighted filing

2017

Revenue$445,091
Expenses$252,733
Net Income$192,358
Jump To
Filing Snapshot
Filing Period
Jul 1, 2016 to Jun 30, 2017
Signed
Nov 13, 2017
Return Version
2016v3.0
Gross Receipts
$445,091
Mission and Program Overview

Mission

Organization's mission or most significant activities is to maintain and improve the quality of life in the greater dover community by providing office space exclusively to 501(c)(3) non-for-profit organizations at well below market rents. The building located in downtown dover, delaware and enhances the area as well as increases employment in the downtown district.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$1,479,119$1,762,074▲ $282,955
Land, Buildings, and Equipment, Net$1,082,472$1,066,184▼ $16,288
Accounts Receivable$23,950$63,251▲ $39,301
Cash and Non-Interest-Bearing Accounts$37,410$37,897▲ $487
Intangible Assets$2,334$613▼ $1,721
Total Assets$2,625,765$2,930,499▲ $304,734
Other Assets Total$480$480→ $0
Liabilities
Other Liabilities$240,617$210,616▼ $30,001
Accounts Payable and Accrued Expenses$880$661▼ $219
Total Liabilities$241,497$211,277▼ $30,220
Net Assets / Fund Balance
Unrestricted Net Assets$1,257,068$1,421,078▲ $164,010
Temporarily Rstr Net Assets$1,127,200$1,298,144▲ $170,944
Total Net Assets Fund Balance$2,384,268$2,719,222▲ $334,954
Total Liabilities and Net Assets / Fund Balance$2,625,765$2,930,499▲ $304,734

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$975,818$230,973$1,206,791
Other Land Buildings$48,359$95,224$143,583
Land$42,007-$42,007

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$1,127,199$143,457▲ $112,580-$1,298,144
2015$1,178,329$128,384▼ $27,531-$1,127,199
2014$966,525$283,404▼ $37,966-$1,178,328
2013$931,670$42,914▲ $70,736-$966,525
2012$836,727$96,061▲ $57,295-$931,670
Compensation and Service Providers

Board Members and Trustees

NameTitle
Tonda ParksPresident
Brian StetinaBoard Member
Courtney ConnellBoard Member
Mel WarrenBoard Member
Nisha LodhaviaBoard Member
Pablo VelazquezBoard Member
Patti KeyBoard Member
Richard GentschBoard Member
Rosemary TwilleyBoard Member
Judi PflaumerDevelopmenta
Kathleen HawkinsPast Preside
Charles SternerSecretary
Jennings HastingsTreasurer
Jeremy TuckerVice Preside
Revenue and Support

Revenue Composition

Contributions and Grants
$339,459
Program Service Revenue
$77,581
Investment Income
$28,051
Other Revenue
$0
All Other Contributions
$339,459
Change in Net Assets
$192,358
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$218,262
Salaries, Compensation, and Employee Benefits$34,471
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$40,435--$40,435
Other Salaries and Wages$31,800--$31,800
Occupancy$16,561--$16,561
Interest$8,454--$8,454
Insurance$7,126--$7,126
Office Expenses$4,928--$4,928
Fees for Services Management-$4,889-$4,889
Fees for Service Investment Mgmnt Fees-$4,842-$4,842
Payroll Taxes$2,433--$2,433
Other Expenses$1,350$500-$500
All Other Expenses$272--$272
Other Employee Benefits$238--$238
Advertising$150--$150
Total Functional Expenses$242,502$10,231$0$252,733
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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Greater Dover Committee Loan$135,026
M&t Trust Co Loan$70,000
Deposits$5,192
Payroll Liabilities$398
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
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
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 6

Members of the organization consist of leaders in the community that share the same mission and goal.

Form 990, Page 6, Part VI, Line 7A

Members are elected to three year tearms with staggering terms in order to maintain continuity within the organization

Form 990, Page 6, Part VI, Line 7B

Members make all decisions based on majority rule and meet on a monthly basis

Form 990, Page 6, Part VI, Line 11B

The organization has three members who are cpas. They review the return prior to providing a copy to each board member.

Form 990, Page 6, Part VI, Line 12C

Any conflicts of interest must be brought before the board. The interested party may make a presentation after which the board discusses the transaction without the interested party in the room and then votes with the majority of the disinterested directors carrying the decision.

Form 990, Page 6, Part VI, Line 19

Governing documents and form 990 are available to the public upon request

Filing and Contact Details

Filer

Filer Name
Cendel Foundation
EIN
26-3590221
Phone
3026744305
Address
101 WEST LOOCKERMAN STREET SUITE B, DOVER, DE 19904

Signing Officer

Name
Tonda Parks
Title
President
Phone
3026744305
Signed
2017-11-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Tonda Parks
Formed
2008
Legal Domicile
De
Voting Board Members
14
Independent Board Members
14
Employees
1

Preparer

Firm
Faw Casson & Co Llp
Address
160 GREENTREE DRIVE SUITE 203, DOVER, DE 19904
Preparer
Brian Stetina
Phone
3026744305
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

Organization's mission or most significant activities is to maintain and improve the quality of life in the greater dover community by providing office space exclusively to 501(c)(3) non-for-profit organizations at well below market rents. The building located in downtown dover, delaware and enhances the area as well as increases employment in the downtown district.

Form 990, Page 2, Part III, Line 4D

Endowment funds invested in the delaware community foundation. The organization receives 5% of the principal each year to make contributions to qualified 501(c)(3) organizations that meet the grant criteria established annually. A seperate committee reviews the applications and makes the recomendations to award the grants.

Form 990, Part XI, Line 9

Unrealized appreciation of investments 142,596

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IRS990/PrincipalOfficerNm0TONDA PARKS
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/Desc0COMMUNITY SERVICE BUILDING
IRS990/ProgramServiceRevenueGrp/Desc1CAPITAL RESERVE INCOME
IRS990/ProgramServiceRevenueGrp/ExclusionAmt059964
IRS990/ProgramServiceRevenueGrp/ExclusionAmt117617
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt059964
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt117617
IRS990/ProgSrvcAccomActyOtherGrp/Desc0ENDOWMENT FUNDS INVESTED IN THE DELAWARE COMMUNITY FOUNDATION. THE ORGANIZATION RECEIVES 5% OF THE PRINCIPAL EACH YEAR TO MAKE CONTRIBUTIONS TO QUALIFIED 501(C)(3) ORGANIZATIONS THAT MEET THE GRANT CRITERIA ESTABLISHED ANNUALLY. A SEPERATE COMMITTEE REVIEWS THE APPLICATIONS AND MAKES THE RECOMENDATIONS TO AWARD THE GRANTS.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt047561
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0177080
IRS990/PYExcessBenefitTransInd0false
IRS990/PYInvestmentIncomeAmt031324
IRS990/PYOtherExpensesAmt0296046
IRS990/PYProgramServiceRevenueAmt079459
IRS990/PYRevenuesLessExpensesAmt0-43011
IRS990/PYSalariesCompEmpBnftPaidAmt034828
IRS990/PYTotalExpensesAmt0330874
IRS990/PYTotalRevenueAmt0287863
IRS990/ReconcilationRevenueExpnssAmt0192358
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0false
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0true
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt077581
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0339459
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0177080
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0431977
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0168218
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0199568
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt01316302
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt028051
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt031324
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt029547
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt020923
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt013944
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0123789
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearAmt077581
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus1YearAmt079459
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus2YearsAmt089018
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus3YearsAmt077598
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/CurrentTaxYearMinus4YearsAmt080069
IRS990ScheduleA/GrossReceiptsNonUnrltBusGrp/TotalAmt0403725
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt028051
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt031324
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt029547
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt020923
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt013944
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0123789
IRS990ScheduleA/InvestmentIncomeCYPct00.07000
IRS990ScheduleA/InvestmentIncomePYPct00.00000
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.93290
IRS990ScheduleA/PublicSupportTotal509Amt01720027
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0417040
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0256539
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0520995
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0245816
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0279637
IRS990ScheduleA/Total509Grp/TotalAmt01720027
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0445091
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0287863
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0550542
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0266739
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0293581
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01843816
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/ScheduleBRequiredInd0true
IRS990ScheduleD/BuildingsGrp/BookValueAmt0975818
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0230973
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01206791
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt015227
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt01127199
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0143457
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt01298144
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt069865
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0112580
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt011574
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt01178329
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0128384
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt01127199
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt0140409
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-27531
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt08839
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt0966525
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0283404
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt01178328
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt024796
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-37966
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt012287
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt0931670
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt042914
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt0966525
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/GrantsOrScholarshipsAmt066508
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt070736
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt011577
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt0836727
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt096061
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt0931670
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt046836
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt057295
IRS990ScheduleD/DisclosedForCharitablePrpsInd0true
IRS990ScheduleD/DisclosedOrgLegCtrlInd0true
IRS990ScheduleD/DonorAdvisedFundsContriAmt0339459
IRS990ScheduleD/DonorAdvisedFundsHeldCnt022
IRS990ScheduleD/DonorAdvisedFundsVlEOYAmt01762074
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0true
IRS990ScheduleD/FundsAndOtherAccountsHeldCnt06
IRS990ScheduleD/FundsAndOtherAccountsVlEOYAmt032814
IRS990ScheduleD/LandGrp/BookValueAmt042007
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt042007
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt048359
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt095224
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0143583
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0135026
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt170000
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt25192
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt3398
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0GREATER DOVER COMMITTEE LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1M&T TRUST CO LOAN
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc2DEPOSITS
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc3PAYROLL LIABILITIES
IRS990ScheduleD/TermEndowmentBalanceEOYPct01.00000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01066184
IRS990ScheduleD/TotalLiabilityAmt0210616
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION'S MISSION OR MOST SIGNIFICANT ACTIVITIES IS TO MAINTAIN AND IMPROVE THE QUALITY OF LIFE IN THE GREATER DOVER COMMUNITY BY PROVIDING OFFICE SPACE EXCLUSIVELY TO 501(C)(3) NON-FOR-PROFIT ORGANIZATIONS AT WELL BELOW MARKET RENTS. THE BUILDING LOCATED IN DOWNTOWN DOVER, DELAWARE AND ENHANCES THE AREA AS WELL AS INCREASES EMPLOYMENT IN THE DOWNTOWN DISTRICT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ENDOWMENT FUNDS INVESTED IN THE DELAWARE COMMUNITY FOUNDATION. THE ORGANIZATION RECEIVES 5% OF THE PRINCIPAL EACH YEAR TO MAKE CONTRIBUTIONS TO QUALIFIED 501(C)(3) ORGANIZATIONS THAT MEET THE GRANT CRITERIA ESTABLISHED ANNUALLY. A SEPERATE COMMITTEE REVIEWS THE APPLICATIONS AND MAKES THE RECOMENDATIONS TO AWARD THE GRANTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MEMBERS OF THE ORGANIZATION CONSIST OF LEADERS IN THE COMMUNITY THAT SHARE THE SAME MISSION AND GOAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3MEMBERS ARE ELECTED TO THREE YEAR TEARMS WITH STAGGERING TERMS IN ORDER TO MAINTAIN CONTINUITY WITHIN THE ORGANIZATION
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4MEMBERS MAKE ALL DECISIONS BASED ON MAJORITY RULE AND MEET ON A MONTHLY BASIS
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE ORGANIZATION HAS THREE MEMBERS WHO ARE CPAS. THEY REVIEW THE RETURN PRIOR TO PROVIDING A COPY TO EACH BOARD MEMBER.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6ANY CONFLICTS OF INTEREST MUST BE BROUGHT BEFORE THE BOARD. THE INTERESTED PARTY MAY MAKE A PRESENTATION AFTER WHICH THE BOARD DISCUSSES THE TRANSACTION WITHOUT THE INTERESTED PARTY IN THE ROOM AND THEN VOTES WITH THE MAJORITY OF THE DISINTERESTED DIRECTORS CARRYING THE DECISION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7GOVERNING DOCUMENTS AND FORM 990 ARE AVAILABLE TO THE PUBLIC UPON REQUEST
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8UNREALIZED APPRECIATION OF INVESTMENTS 142,596
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 2, PART III, LINE 4D
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PART XI, LINE 9
IRS990/SchoolOperatingInd0false

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