Civic Intelligence

Friends of Hockessin Colored School 107 Inc.

EIN 30-0815441 • 501(c)3 • Wilmington, DE

RevokedPub. 78 Eligible

Profile

NONE

Revocation date: Nov 15, 2020

114 Hitching Post DriveWilmington, DE 19803

hockessincoloredschool107.org

Siviq Scores

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

Liabilities / Assets

60th percentile

0.13x

Higher debt load relative to assets than 60% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Liabilities / Revenue

78th percentile

0.40x

Higher debt load relative to revenue than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Net Margin

97th percentile

88%

Higher net margin than 97% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Top Officer Pay

48th percentile

$50,000

Higher top officer pay than 48% of similar nonprofits.

Top officer pay equals 6.0% of source-year revenue.

501(c)3 • $1M-$5M nonprofits • Source year 2024

Asset Growth

78th percentile

19%

Faster asset growth than 78% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Revenue Growth

69th percentile

23%

Faster revenue growth than 69% of similar nonprofits.

501(c)3 • $1M-$5M nonprofits • Annualized from 2023 to 2024

Assets

Up

$2,596,520

Up $423,441 (+19%) from 2023

Liabilities

Down

$330,199

Down $320,010 (-49%) from 2023

Net Assets

Up

$2,266,321

Up $743,451 (+49%) from 2023

Revenue

Up

$831,748

Up $153,472 (+23%) from 2023

Expenses

Down

$98,297

Down $20,522 (-17%) from 2023

Net Income

Up

$733,451

Up $173,994 (+31%) from 2023

Trend Graphs

Balance Sheet Trend

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

$3.0M$2.0M$1.0M$0Assets 2022: $1,135,413Liabilities 2022: $172,000Net Assets 2022: $963,4132022Assets 2023: $2,173,079Liabilities 2023: $650,209Net Assets 2023: $1,522,8702023Assets 2024: $2,596,520Liabilities 2024: $330,199Net Assets 2024: $2,266,3212024

Highlighted filing

2024

Assets$2,596,520
Liabilities$330,199
Net Assets$2,266,321

Operations Trend

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

$1.0M$500K$0Revenue 2022: $926,666Expenses 2022: $18,019Net Income 2022: $908,6472022Revenue 2023: $678,276Expenses 2023: $118,819Net Income 2023: $559,4572023Revenue 2024: $831,748Expenses 2024: $98,297Net Income 2024: $733,4512024

Highlighted filing

2024

Revenue$831,748
Expenses$98,297
Net Income$733,451

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
Jan 13, 2025
Return Version
2023v6.0
Gross Receipts
$831,748
Mission and Program Overview

Mission

NONE

The mission of the organization is to redevelop and transform a closed former colored school into a center for diversity, inclusion & social equity by highlighting its monumental history in brown v board of education.

Balance Sheet Detail
LineBeginningEndChange
Assets
Rtn Earn Endowment Incm Other Fnds$1,532,870$2,266,321▲ $733,451
Land, Buildings, and Equipment, Net$2,180,808$2,197,249▲ $16,441
Cash and Non-Interest-Bearing Accounts$2,271$399,271▲ $397,000
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Total Assets$2,183,079$2,596,520▲ $413,441
Liabilities
Other Liabilities$650,209$330,199▼ $320,010
Total Liabilities$650,209$330,199▼ $320,010
Net Assets / Fund Balance
Total Net Assets Fund Balance$1,532,870$2,266,321▲ $733,451
Total Liabilities and Net Assets / Fund Balance$2,183,079$2,596,520▲ $413,441

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$2,025,249--
Land$172,000--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
David J WilkExecutive DirectorPT$50,000$50,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$827,758
Program Service Revenue
$0
Investment Income
$3,990
Other Revenue
$0
All Other Contributions
$14,018
Change in Net Assets
$733,451
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$98,297
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Fees for Services Management-$50,000-$50,000
Interest-$27,252-$27,252
Fees for Services Other-$20,005-$20,005
Insurance-$1,040-$1,040
Total Functional Expenses$0$98,297$0$98,297
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
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
David J WilkExecutive DirectorManagement FeesNo$50,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Note Payable, New Castle County$172,000
Note Payable - Neighborgood Partners$158,199
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
Yes
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 B, Line 11B

The tax return was reviewed by the treasurer and the president prior to this filing.

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

Board and committee members are required to disclose any situations that could present conflict of interest issues.

Form 990, Part VI, Section C, Line 19

Information concerning governing documents, policy and financial date are not published.

Filing and Contact Details

Filer

Filer Name
Friends of Hockessin Colored School 107
EIN
30-0815441
Phone
3025458472
Address
114 HITCHING POST DRIVE, WILMINGTON, DE 19803

Signing Officer

Name
Ray a Blackwell Md
Title
Chair
Phone
3027331980
Signed
2025-01-13

Organization Details

Principal Officer
Ray a Blackwell Md
Formed
2012
Legal Domicile
De
Voting Board Members
0
Independent Board Members
0
Employees
0
Volunteers
0
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Fees: program service expenses 0. Management and general expenses 871. Fundraising expenses 0. Total expenses 871. Meals: program service expenses 0. Management and general expenses 2,977. Fundraising expenses 0. Total expenses 2,977. Utilities: program service expenses 0. Management and general expenses 4,595. Fundraising expenses 0. Total expenses 4,595. Publication expense: program service expenses 0. Management and general expenses 2,527. Fundraising expenses 0. Total expenses 2,527. Miscellaneous: program service expenses 0. Management and general expenses 1,527. Fundraising expenses 0. Total expenses 1,527. Maintenance: program service expenses 0. Management and general expenses 548. Fundraising expenses 0. Total expenses 548. Trash: program service expenses 0. Management and general expenses 577. Fundraising expenses 0. Total expenses 577. Office supplies: program service expenses 0. Management and general expenses 1,829. Fundraising expenses 0. Total expenses 1,829. Contribution: program service expenses 0. Management and general expenses 100. Fundraising expenses 0. Total expenses 100. Water: program service expenses 0. Management and general expenses 374. Fundraising expenses 0. Total expenses 374. Internet: program service expenses 0. Management and general expenses 3,427. Fundraising expenses 0. Total expenses 3,427. Travel: program service expenses 0. Management and general expenses 378. Fundraising expenses 0. Total expenses 378. Dues: program service expenses 0. Management and general expenses 275. Fundraising expenses 0. Total expenses 275.

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IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt050000
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0MANAGEMENT FEES
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE TAX RETURN WAS REVIEWED BY THE TREASURER AND THE PRESIDENT PRIOR TO THIS FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1BOARD AND COMMITTEE MEMBERS ARE REQUIRED TO DISCLOSE ANY SITUATIONS THAT COULD PRESENT CONFLICT OF INTEREST ISSUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2INFORMATION CONCERNING GOVERNING DOCUMENTS, POLICY AND FINANCIAL DATE ARE NOT PUBLISHED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3FEES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 871. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 871. MEALS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,977. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,977. UTILITIES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 4,595. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,595. PUBLICATION EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,527. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,527. MISCELLANEOUS: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,527. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,527. MAINTENANCE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 548. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 548. TRASH: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 577. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 577. OFFICE SUPPLIES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 1,829. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,829. CONTRIBUTION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 100. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 100. WATER: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 374. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 374. INTERNET: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 3,427. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,427. TRAVEL: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 378. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 378. DUES: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 275. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 275.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART IX, LINE 11G
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0DE
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt02183079
IRS990/TotalAssetsEOYAmt02596520
IRS990/TotalAssetsGrp/BOYAmt02183079
IRS990/TotalAssetsGrp/EOYAmt02596520
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0827758
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt098297
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt00
IRS990/TotalFunctionalExpensesGrp/TotalAmt098297
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt0650209
IRS990/TotalLiabilitiesEOYAmt0330199
IRS990/TotalLiabilitiesGrp/BOYAmt0650209
IRS990/TotalLiabilitiesGrp/EOYAmt0330199
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt01532870
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt02266321
IRS990/TotalOtherCompensationAmt00
IRS990/TotalReportableCompFromOrgAmt050000
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt03990
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0831748
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02183079
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt02596520
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt052 EAST PERIWINKLE LANE
IRS990/USAddress/CityNm0NEWARK
IRS990/USAddress/StateAbbreviationCd0DE
IRS990/USAddress/ZIPCd019711
IRS990/VotingMembersGoverningBodyCnt00
IRS990/VotingMembersIndependentCnt00
IRS990/WebsiteAddressTxt0HOCKESSINCOLOREDSCHOOL107.ORG
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02024-10-15 13:58:12Z
ReturnHeader/BusinessOfficerGrp/PersonNm0RAY A BLACKWELL MD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CHAIR
ReturnHeader/BusinessOfficerGrp/PhoneNum03027331980
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-01-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FRIENDS OF HOCKESSIN COLORED SCHOOL 107
ReturnHeader/Filer/BusinessNameControlTxt0FRIE
ReturnHeader/Filer/EIN0300815441
ReturnHeader/Filer/PhoneNum03025458472
ReturnHeader/Filer/USAddress/AddressLine1Txt0114 HITCHING POST DRIVE
ReturnHeader/Filer/USAddress/CityNm0WILMINGTON
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd019803
ReturnHeader/IRSResponsiblePrtyInfoCurrInd00
ReturnHeader/ReturnTs02025-01-23T15:54:14-06:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02023-07-01
ReturnHeader/TaxPeriodEndDt02024-06-30
ReturnHeader/TaxYr02023

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