Liabilities / Assets
90th percentile
Higher debt load relative to assets than 90% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.95x
Liabilities / Revenue
91st percentile
Higher debt load relative to revenue than 91% of similar nonprofits.
Net Margin
27th percentile
Higher net margin than 27% of similar nonprofits.
Top Officer Pay
19th percentile
Higher top officer pay than 19% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
34th percentile
Faster asset growth than 34% of similar nonprofits.
Revenue Growth
3rd percentile
Faster revenue growth than 3% of similar nonprofits.
Balance Sheet
Assets
Down$8,939,432
Down $76,949 (-0.9%) from 2013
Net Assets
Down$437,532
Down $78,849 (-15%) from 2013
Liabilities
Up$8,501,900
Up $1,900 (+0.0%) from 2013
Revenue And Expenses
Revenue
Down$2,455,579
Down $3,390,313 (-58%) from 2013
Expenses
Down$2,534,428
Down $4,226,363 (-63%) from 2013
Net Income
Up-$78,849
Up $836,050 (+91%) from 2013
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jan 1, 2014 to Dec 31, 2014
- Signed
- Nov 13, 2015
- Return Version
- 2014v5.0
- Gross Receipts
- $2,455,579
Mission and Program Overview
Mission
The purpose of the corporation is to extend educational opportunities to prospective and enrolled students who have demonstrated financial need, personal achievement, and the potential for academic and career success through the establishment of a fund for the granting of scholarships, grants, and loans.
Balance Sheet Detail
| Line | Beginning | End | Change |
|---|---|---|---|
| Assets | |||
| Savings and Temporary Cash Investments | $8,939,124 | $8,774,929 | ▼ $164,195 |
| Cash and Non-Interest-Bearing Accounts | $77,257 | $164,503 | ▲ $87,246 |
| Total Assets | $9,016,381 | $8,939,432 | ▼ $76,949 |
| Liabilities | |||
| Mortgage Notes Payable Secured by Investment Property | $8,500,000 | $8,500,000 | → $0 |
| Other Liabilities | $0 | $1,900 | ▲ $1,900 |
| Total Liabilities | $8,500,000 | $8,501,900 | ▲ $1,900 |
| Net Assets / Fund Balance | |||
| Unrestricted Net Assets | $516,381 | $437,532 | ▼ $78,849 |
| Total Net Assets Fund Balance | $516,381 | $437,532 | ▼ $78,849 |
| Total Liabilities and Net Assets / Fund Balance | $9,016,381 | $8,939,432 | ▼ $76,949 |
Compensation and Service Providers
Board Members and Trustees
| Name | Title |
|---|---|
| Donald Foran | President |
| Michael Wade | Member |
| William Franklin | Secretary |
| Alanna Mccargo | Treasurer |
Revenue and Support
Revenue Composition
- Contributions and Grants
- $2,455,550
- Program Service Revenue
- $0
- Investment Income
- $29
- Other Revenue
- $0
- All Other Contributions
- $2,455,550
- Change in Net Assets
- $-78,849
Expenses and Functional Allocation
Major Expense Lines
| Line Item | Amount |
|---|---|
| Grants and Similar Amounts Paid | $2,366,700 |
| Other Expenses | $167,728 |
| Professional Fundraising Fees | $0 |
| Salaries, Compensation, and Employee Benefits | $0 |
| Total Fundraising Expense | $0 |
Functional Expense Allocation
| Line Item | Program | Management | Fundraising | Total |
|---|---|---|---|---|
| Grants to Domestic Individuals | $2,366,700 | - | - | $2,366,700 |
| Interest | $164,224 | - | - | $164,224 |
| Fees for Services Accounting | - | $1,900 | - | $1,900 |
| Fees for Services Other | $1,604 | - | - | $1,604 |
| Total Functional Expenses | $2,532,528 | $1,900 | $0 | $2,534,428 |
Fundraising, Events, and Gaming
- Fundraising activities
- No
- Gaming activities
- No
- Professional fundraiser used
- No
Fundraising and Gaming Totals
| Line Item | Amount |
|---|---|
| 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
| Liability | Amount |
|---|---|
| Due to Delta Career Education Corporation | $1,900 |
Governance and Compliance
Governance Checklist
- Compiled or reviewed by an accountant
- No
- Annual disclosure for covered persons
- 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
- 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
- No
Governance Explanations
Form 990, Part VI, Section B, Line 11
“Copies of the completed form 990, with supporting schedules, will be distributed to the president of the corporation. The president will review the form 990, and any corrections or changes will be noted and addressed. Copies of the completed form 990 will be distributed to the board of directors for review and approval. Once approved by all of the directors, the form 990 will be filed with the irs.”
Form 990, Part VI, Section B, Line 12C
“The organization is a charitable organization, and, in order to maintain its federal tax-exemption, it must engage primarily in activities which accomplish one or more of its tax-exempt purposes. Each director, principal officer, and member of the committee with governing board delegated powers shall - a. Receive a copy of the conflict of interest policy, - b. Read and understand the policy, and - c. Agree to comply with the policy.”
Form 990, Part VI, Section B, Line 15
“In establishing the compensation for any officer or director of delta education scholarship fund, a virginia nonstock corporation (the "corporation"), or any individual who is one of the corporation's highest compensated employees or highest compensated independent contractors, the officers and directors of the corporation shall adhere to various procedures. These procedures provide that: the decision to approve the compensation arrangement will be determined by a compensation committee (all of the members of which shall not have a financial interest in the corporation), which shall consider a variety of factors including information about compensation paid by similarly situated taxable or tax-exempt organizations for similar services and current compensation surveys compiled by independent firms; the decision made by each individual who decided or voted on the compensation arrangement shall be recorded in writing and the information upon which the decision to approve the compensation arrangement was based on its source shall be recorded in writing.”
Form 990, Part VI, Section C, Line 19
“The organization makes its governing documents and conflict of interest policy availabe upon request.”
Filing and Contact Details
Filer
- Filer Name
- Delta Education Scholarship Fund
- EIN
- 45-4264482
- Phone
- 7574468544
- Address
- 101 WEST MAIN STREET NO 500, NORFOLK, VA 23510
Signing Officer
- Name
- Don Foran
- Title
- President
- Phone
- 7574468544
- Signed
- 2015-11-13
- Discuss with paid preparer
- Yes
Organization Details
- Principal Officer
- Donald Foran
- Formed
- 2012
- Legal Domicile
- De
- Voting Board Members
- 4
- Independent Board Members
- 4
- Employees
- 0
- Volunteers
- 0
Preparer
- Firm
- Dixon Hughes Goodman Llp
- Address
- 440 MONTICELLO AVE SUITE 1400, NORFOLK, VA 23510
- Preparer
- Caron E Crouse
- Phone
- 7576245100
Raw XML Appendix302 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 |
|---|---|---|
| IRS990/AccountantCompileOrReviewInd | 0 | 0 |
| IRS990/ActivitiesConductedPrtshpInd | 0 | 0 |
| IRS990/ActivityOrMissionDesc | 0 | THE PURPOSE OF THE CORPORATION IS TO EXTEND EDUCATIONAL OPPORTUNITIES TO PROSPECTIVE AND ENROLLED STUDENTS WHO HAVE DEMONSTRATED FINANCIAL NEED, PERSONAL ACHIEVEMENT, AND THE POTENTIAL FOR ACADEMIC AND CAREER SUCCESS THROUGH THE ESTABLISHMENT OF A FUND FOR THE GRANTING OF SCHOLARSHIPS, GRANTS, AND LOANS. |
| IRS990/AllOtherContributionsAmt | 0 | 2455550 |
| IRS990/AnnualDisclosureCoveredPrsnInd | 0 | 1 |
| IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | VANDEVENTER BLACK LLP |
| IRS990/BooksInCareOfDetail/PhoneNum | 0 | 7574468544 |
| IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 101 W MAIN STREET STE 500 |
| IRS990/BooksInCareOfDetail/USAddress/CityNm | 0 | NOFOLK |
| IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | VA |
| IRS990/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 23510 |
| IRS990/BusinessRlnWithFamMemInd | 0 | 0 |
| IRS990/BusinessRlnWithOfficerEntInd | 0 | 0 |
| IRS990/BusinessRlnWithOrgMemInd | 0 | 0 |
| IRS990/CashNonInterestBearingGrp/BOYAmt | 0 | 77257 |
| IRS990/CashNonInterestBearingGrp/EOYAmt | 0 | 164503 |
| IRS990/ChangeToOrgDocumentsInd | 0 | 0 |
| IRS990/CntrctRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/CollectionsOfArtInd | 0 | 0 |
| IRS990/CompensationFromOtherSrcsInd | 0 | 0 |
| IRS990/CompensationProcessCEOInd | 0 | 1 |
| IRS990/CompensationProcessOtherInd | 0 | 1 |
| IRS990/ConflictOfInterestPolicyInd | 0 | 1 |
| IRS990/ConservationEasementsInd | 0 | 0 |
| IRS990/ConsolidatedAuditFinclStmtInd | 0 | 0 |
| IRS990/CreditCounselingInd | 0 | 0 |
| IRS990/CYBenefitsPaidToMembersAmt | 0 | 0 |
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| IRS990/CYGrantsAndSimilarPaidAmt | 0 | 2366700 |
| IRS990/CYInvestmentIncomeAmt | 0 | 29 |
| IRS990/CYOtherExpensesAmt | 0 | 167728 |
| IRS990/CYOtherRevenueAmt | 0 | 0 |
| IRS990/CYProgramServiceRevenueAmt | 0 | 0 |
| IRS990/CYRevenuesLessExpensesAmt | 0 | -78849 |
| IRS990/CYSalariesCompEmpBnftPaidAmt | 0 | 0 |
| IRS990/CYTotalExpensesAmt | 0 | 2534428 |
| IRS990/CYTotalFundraisingExpenseAmt | 0 | 0 |
| IRS990/CYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/CYTotalRevenueAmt | 0 | 2455579 |
| IRS990/DecisionsSubjectToApprovaInd | 0 | 0 |
| IRS990/DeductibleArtContributionInd | 0 | 0 |
| IRS990/DeductibleNonCashContriInd | 0 | 0 |
| IRS990/DelegationOfMgmtDutiesInd | 0 | 0 |
| IRS990/Desc | 0 | PROVIDED SCHOLARSHIPS TO STUDENTS AT PRIVATE POSTSECONDARY INSTITUTIONS |
| IRS990/DescribedInSection501c3Ind | 0 | 1 |
| IRS990/DisregardedEntityInd | 0 | 0 |
| IRS990/DocumentRetentionPolicyInd | 0 | 1 |
| IRS990/DonorAdvisedFundInd | 0 | 0 |
| IRS990/ElectionOfBoardMembersInd | 0 | 0 |
| IRS990/EmployeeCnt | 0 | 0 |
| IRS990/EngagedInExcessBenefitTransInd | 0 | 0 |
| IRS990/ExpenseAmt | 0 | 2532528 |
| IRS990/FamilyOrBusinessRlnInd | 0 | 0 |
| IRS990/FederalGrantAuditRequiredInd | 0 | 0 |
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| IRS990/FeesForServicesAccountingGrp/TotalAmt | 0 | 1900 |
| IRS990/FeesForServicesOtherGrp/ProgramServicesAmt | 0 | 1604 |
| IRS990/FeesForServicesOtherGrp/TotalAmt | 0 | 1604 |
| IRS990/ForeignActivitiesInd | 0 | 0 |
| IRS990/ForeignFinancialAccountInd | 0 | 0 |
| IRS990/ForeignOfficeInd | 0 | 0 |
| IRS990/Form8282PropertyDisposedOfInd | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 0 | 0.30 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 1 | 0.30 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 2 | 0.30 |
| IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt | 3 | 0.30 |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd | 3 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 0 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 1 | X |
| IRS990/Form990PartVIISectionAGrp/OfficerInd | 2 | X |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 0 | DONALD FORAN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 1 | WILLIAM FRANKLIN |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 2 | ALANNA MCCARGO |
| IRS990/Form990PartVIISectionAGrp/PersonNm | 3 | MICHAEL WADE |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 0 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 1 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 2 | 0 |
| IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt | 3 | 0 |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 0 | PRESIDENT |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 1 | SECRETARY |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 2 | TREASURER |
| IRS990/Form990PartVIISectionAGrp/TitleTxt | 3 | MEMBER |
| IRS990/Form990ProvidedToGvrnBodyInd | 0 | 1 |
| IRS990/FormationYr | 0 | 2012 |
| IRS990/FormerOfcrEmployeesListedInd | 0 | 0 |
| IRS990/FSAuditedInd | 0 | 0 |
| IRS990/FundraisingActivitiesInd | 0 | 0 |
| IRS990/GamingActivitiesInd | 0 | 0 |
| IRS990/GoverningBodyVotingMembersCnt | 0 | 4 |
| IRS990/GrantAmt | 0 | 2366700 |
| IRS990/GrantsToDomesticIndividualsGrp/ProgramServicesAmt | 0 | 2366700 |
| IRS990/GrantsToDomesticIndividualsGrp/TotalAmt | 0 | 2366700 |
| IRS990/GrantsToIndividualsInd | 0 | 1 |
| IRS990/GrantsToOrganizationsInd | 0 | 0 |
| IRS990/GrantToRelatedPersonInd | 0 | 0 |
| IRS990/GrossReceiptsAmt | 0 | 2455579 |
| IRS990/GroupReturnForAffiliatesInd | 0 | 0 |
| IRS990/IncludeFIN48FootnoteInd | 0 | 0 |
| IRS990/IndependentAuditFinclStmtInd | 0 | 0 |
| IRS990/IndependentVotingMemberCnt | 0 | 4 |
| IRS990/IndivRcvdGreaterThan100KCnt | 0 | 0 |
| IRS990/IndoorTanningServicesInd | 0 | 0 |
| IRS990/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990/InfoInScheduleOPartVIInd | 0 | X |
| IRS990/InterestGrp/ProgramServicesAmt | 0 | 164224 |
| IRS990/InterestGrp/TotalAmt | 0 | 164224 |
| IRS990/InvestmentIncomeGrp/RelatedOrExemptFuncIncomeAmt | 0 | 29 |
| IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt | 0 | 29 |
| IRS990/InvestmentInJointVentureInd | 0 | 0 |
| IRS990/IRPDocumentCnt | 0 | 0 |
| IRS990/IRPDocumentW2GCnt | 0 | 0 |
| IRS990/LegalDomicileStateCd | 0 | DE |
| IRS990/LoanOutstandingInd | 0 | 0 |
| IRS990/LobbyingActivitiesInd | 0 | 0 |
| IRS990/LocalChaptersInd | 0 | 0 |
| IRS990/MaterialDiversionOrMisuseInd | 0 | 0 |
| IRS990/MembersOrStockholdersInd | 0 | 0 |
| IRS990/MethodOfAccountingCashInd | 0 | X |
| IRS990/MinutesOfCommitteesInd | 0 | 1 |
| IRS990/MinutesOfGoverningBodyInd | 0 | 1 |
| IRS990/MissionDesc | 0 | THE PURPOSE OF THE CORPORATION IS TO EXTEND EDUCATIONAL OPPORTUNITIES TO PROSPECTIVE AND ENROLLED STUDENTS WHO HAVE DEMONSTRATED FINANCIAL NEED, PERSONAL ACHIEVEMENT, AND THE POTENTIAL FOR ACADEMIC AND CAREER SUCCESS THROUGH THE ESTABLISHMENT OF A FUND FOR THE GRANTING OF SCHOLARSHIPS, GRANTS, AND LOANS. |
| IRS990/MoreThan5000KToIndividualsInd | 0 | 0 |
| IRS990/MoreThan5000KToOrgInd | 0 | 0 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt | 0 | 8500000 |
| IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt | 0 | 8500000 |
| IRS990/NetAssetsOrFundBalancesBOYAmt | 0 | 516381 |
| IRS990/NetAssetsOrFundBalancesEOYAmt | 0 | 437532 |
| IRS990/NetUnrelatedBusTxblIncmAmt | 0 | 0 |
| IRS990/NoListedPersonsCompensatedInd | 0 | X |
| IRS990/NondeductibleContributionsInd | 0 | 0 |
| IRS990/OfficerMailingAddressInd | 0 | 0 |
| IRS990/OperateHospitalInd | 0 | 0 |
| IRS990/Organization501c3Ind | 0 | X |
| IRS990/OrganizationFollowsSFAS117Ind | 0 | X |
| IRS990/OtherChangesInNetAssetsAmt | 0 | 0 |
| IRS990/OtherLiabilitiesGrp/BOYAmt | 0 | 0 |
| IRS990/OtherLiabilitiesGrp/EOYAmt | 0 | 1900 |
| IRS990/PartialLiquidationInd | 0 | 0 |
| IRS990/PoliticalCampaignActyInd | 0 | 0 |
| IRS990/PrincipalOfficerNm | 0 | DONALD FORAN |
| IRS990/ProfessionalFundraisingInd | 0 | 0 |
| IRS990/ProhibitedTaxShelterTransInd | 0 | 0 |
| IRS990/PYBenefitsPaidToMembersAmt | 0 | 0 |
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| IRS990/PYExcessBenefitTransInd | 0 | 0 |
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| IRS990/PYInvestmentIncomeAmt | 0 | 40 |
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| IRS990/PYOtherRevenueAmt | 0 | 0 |
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| IRS990/PYRevenuesLessExpensesAmt | 0 | -914899 |
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| IRS990/PYTotalExpensesAmt | 0 | 6760791 |
| IRS990/PYTotalProfFndrsngExpnsAmt | 0 | 0 |
| IRS990/PYTotalRevenueAmt | 0 | 5845892 |
| IRS990/QuidProQuoContributionsInd | 0 | 0 |
| IRS990/ReconcilationRevenueExpnssAmt | 0 | -78849 |
| IRS990/RegularMonitoringEnfrcInd | 0 | 1 |
| IRS990/RelatedEntityInd | 0 | 0 |
| IRS990/RelatedOrganizationCtrlEntInd | 0 | 0 |
| IRS990/ReportInvestmentsOtherSecInd | 0 | 0 |
| IRS990/ReportLandBuildingEquipmentInd | 0 | 0 |
| IRS990/ReportOtherAssetsInd | 0 | 0 |
| IRS990/ReportOtherLiabilitiesInd | 0 | 1 |
| IRS990/ReportProgramRelatedInvstInd | 0 | 0 |
| IRS990/SavingsAndTempCashInvstGrp/BOYAmt | 0 | 8939124 |
| IRS990/SavingsAndTempCashInvstGrp/EOYAmt | 0 | 8774929 |
| IRS990ScheduleA/First5Years170Ind | 0 | X |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt | 0 | 2455550 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt | 0 | 2021044 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 3310119 |
| IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt | 0 | 7786713 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt | 0 | 29 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt | 0 | 40 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 55 |
| IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt | 0 | 124 |
| IRS990ScheduleA/PublicOrganization170Ind | 0 | X |
| IRS990ScheduleA/PublicSupportTotal170Amt | 0 | 886118 |
| IRS990ScheduleA/SubstantialContributorsTotAmt | 0 | 6900595 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt | 0 | 2455550 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt | 0 | 2021044 |
| IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt | 0 | 3310119 |
| IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt | 0 | 7786713 |
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| IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorNum | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine1 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine2 | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode | 0 | RESTRICTED |
| IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt | 0 | RESTRICTED |
| IRS990/ScheduleBRequiredInd | 0 | 1 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt | 0 | 1900 |
| IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc | 0 | DUE TO DELTA CAREER EDUCATION CORPORATION |
| IRS990ScheduleD/TotalBookValueLandBuildingsAmt | 0 | 0 |
| IRS990ScheduleD/TotalLiabilityAmt | 0 | 1900 |
| IRS990ScheduleI/GrantRecordsMaintainedInd | 0 | 1 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt | 0 | 2366700 |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt | 0 | SCHOLARSHIPS - MILLER-MOTTE TECHNICAL COLLEGE |
| IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt | 0 | 1029 |
| IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt | 0 | BY DIRECTLY AWARDING THE FUNDS TO THE INSTITUTIONS THAT THE RECIPIENT STUDENTS ARE ATTENDING, THE FUND IS CONFIDENT THAT THESE SCHOLARSHIP FUNDS ARE APPROPRIATELY MONITORED. |
| IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | PART I, LINE 2: |
| IRS990/ScheduleJRequiredInd | 0 | 0 |
| IRS990/ScheduleORequiredInd | 0 | 1 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | COPIES OF THE COMPLETED FORM 990, WITH SUPPORTING SCHEDULES, WILL BE DISTRIBUTED TO THE PRESIDENT OF THE CORPORATION. THE PRESIDENT WILL REVIEW THE FORM 990, AND ANY CORRECTIONS OR CHANGES WILL BE NOTED AND ADDRESSED. COPIES OF THE COMPLETED FORM 990 WILL BE DISTRIBUTED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. ONCE APPROVED BY ALL OF THE DIRECTORS, THE FORM 990 WILL BE FILED WITH THE IRS. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | THE ORGANIZATION IS A CHARITABLE ORGANIZATION, AND, IN ORDER TO MAINTAIN ITS FEDERAL TAX-EXEMPTION, IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. EACH DIRECTOR, PRINCIPAL OFFICER, AND MEMBER OF THE COMMITTEE WITH GOVERNING BOARD DELEGATED POWERS SHALL - A. RECEIVE A COPY OF THE CONFLICT OF INTEREST POLICY, - B. READ AND UNDERSTAND THE POLICY, AND - C. AGREE TO COMPLY WITH THE POLICY. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | IN ESTABLISHING THE COMPENSATION FOR ANY OFFICER OR DIRECTOR OF DELTA EDUCATION SCHOLARSHIP FUND, A VIRGINIA NONSTOCK CORPORATION (THE "CORPORATION"), OR ANY INDIVIDUAL WHO IS ONE OF THE CORPORATION'S HIGHEST COMPENSATED EMPLOYEES OR HIGHEST COMPENSATED INDEPENDENT CONTRACTORS, THE OFFICERS AND DIRECTORS OF THE CORPORATION SHALL ADHERE TO VARIOUS PROCEDURES. THESE PROCEDURES PROVIDE THAT: THE DECISION TO APPROVE THE COMPENSATION ARRANGEMENT WILL BE DETERMINED BY A COMPENSATION COMMITTEE (ALL OF THE MEMBERS OF WHICH SHALL NOT HAVE A FINANCIAL INTEREST IN THE CORPORATION), WHICH SHALL CONSIDER A VARIETY OF FACTORS INCLUDING INFORMATION ABOUT COMPENSATION PAID BY SIMILARLY SITUATED TAXABLE OR TAX-EXEMPT ORGANIZATIONS FOR SIMILAR SERVICES AND CURRENT COMPENSATION SURVEYS COMPILED BY INDEPENDENT FIRMS; THE DECISION MADE BY EACH INDIVIDUAL WHO DECIDED OR VOTED ON THE COMPENSATION ARRANGEMENT SHALL BE RECORDED IN WRITING AND THE INFORMATION UPON WHICH THE DECISION TO APPROVE THE COMPENSATION ARRANGEMENT WAS BASED ON ITS SOURCE SHALL BE RECORDED IN WRITING. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY AVAILABE UPON REQUEST. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990, PART VI, SECTION B, LINE 11 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990, PART VI, SECTION B, LINE 12C |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990, PART VI, SECTION B, LINE 15 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990, PART VI, SECTION C, LINE 19 |
| IRS990/SchoolOperatingInd | 0 | 0 |
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| IRS990/TotalLiabilitiesEOYAmt | 0 | 8501900 |
| IRS990/TotalLiabilitiesGrp/BOYAmt | 0 | 8500000 |
| IRS990/TotalLiabilitiesGrp/EOYAmt | 0 | 8501900 |
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| IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt | 0 | 437532 |
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| IRS990/UnrestrictedNetAssetsGrp/EOYAmt | 0 | 437532 |
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| IRS990/USAddress/CityNm | 0 | NORFOLK |
| IRS990/USAddress/StateAbbreviationCd | 0 | VA |
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| IRS990/VotingMembersIndependentCnt | 0 | 4 |
| IRS990/WebsiteAddressTxt | 0 | N/A |
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| ReturnHeader/BuildTS | 0 | 2016-02-25 16:41:14Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | 1 |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | DON FORAN |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 7574468544 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2015-11-13 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | DELTA EDUCATION SCHOLARSHIP FUND |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | DELT |
| ReturnHeader/Filer/EIN | 0 | 454264482 |
| ReturnHeader/Filer/PhoneNum | 0 | 7574468544 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 101 WEST MAIN STREET NO 500 |
| ReturnHeader/Filer/USAddress/CityNm | 0 | NORFOLK |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 23510 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 560747981 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | DIXON HUGHES GOODMAN LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | 440 MONTICELLO AVE SUITE 1400 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | NORFOLK |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | VA |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 23510 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 7576245100 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CARON E CROUSE |
| ReturnHeader/ReturnTs | 0 | 2015-11-16T14:49:37-06:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990 |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2014-01-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2014-12-31 |
| ReturnHeader/TaxYr | 0 | 2014 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2014 • Form 990Detailed filing. Detailed filing data is available for this year.
- Assets
- $8,939,432
- Liabilities
- $8,501,900
- Net assets
- $437,532
- Revenue
- $2,455,579
- Expenses
- $2,534,428
- Net income
- -$78,849