Civic Intelligence

Delaware Technical & Community College Educational Foundation 866

990 • Fiscal year 2013 • EIN 51-0246178

Jan 01, 2013 to Dec 31, 2013 • Filed on Aug 11, 2014

Organization ProfileN/A
PO Box 89719903

(302) 739-4058

Siviq Scores

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

Liabilities / Assets

10th percentile

0.00x

Higher debt load relative to assets than 10% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Liabilities / Revenue

37th percentile

0.15x

Higher debt load relative to revenue than 37% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Net Margin

2nd percentile

-138%

Higher net margin than 2% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Top Officer Pay

88th percentile

$471,249

Higher top officer pay than 88% of similar nonprofits.

Top officer pay equals 68.3% of source-year revenue.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2013

Asset Growth

29th percentile

-1.3%

Faster asset growth than 29% of similar nonprofits.

2013 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2012 to 2013

Revenue Growth

Score unavailable

No value available

No earlier valid filing was available within the previous three public years.

Source year 2013

Balance Sheet
Liabilities / Assets10th percentile

Assets

Down

$20,936,956

Down $268,007 (-1.3%) from 2012

Net Assets

Up

$20,836,492

Up $218,591 (+1.1%) from 2012

Liabilities

Down

$100,464

Down $486,598 (-83%) from 2012

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin2nd percentile

Revenue

$690,159

No earlier filing loaded for comparison.

Expenses

Up

$1,640,137

Up $244,510 (+18%) from 2012

Net Income

-$949,978

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth29th percentile

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

$40M$30M$20M$10M$0Assets 2010: $19,177,565Liabilities 2010: $99,734Net Assets 2010: $19,077,8312010Assets 2011: $19,835,789Liabilities 2011: $134,124Net Assets 2011: $19,701,6652011Assets 2012: $21,204,963Liabilities 2012: $587,062Net Assets 2012: $20,617,9012012Assets 2013: $20,936,956Liabilities 2013: $100,464Net Assets 2013: $20,836,4922013Assets 2014: $21,131,378Liabilities 2014: $128,392Net Assets 2014: $21,002,9862014Assets 2015: $21,529,355Liabilities 2015: $622,262Net Assets 2015: $20,907,0932015Assets 2016: $23,559,005Liabilities 2016: $226,808Net Assets 2016: $23,332,1972016Assets 2017: $25,748,490Liabilities 2017: $193,396Net Assets 2017: $25,555,0942017Assets 2018: $26,230,633Liabilities 2018: $150,704Net Assets 2018: $26,079,9292018Assets 2019: $30,486,504Liabilities 2019: $137,920Net Assets 2019: $30,348,5842019Assets 2020: $33,303,513Liabilities 2020: $69,491Net Assets 2020: $33,234,0222020Assets 2021: $39,323,835Liabilities 2021: $115,045Net Assets 2021: $39,208,7902021Assets 2022: $33,965,936Liabilities 2022: $234,720Net Assets 2022: $33,731,2162022Assets 2023: $37,573,030Liabilities 2023: $101,202Net Assets 2023: $37,471,8282023Assets 2024: $39,836,540Liabilities 2024: $167,176Net Assets 2024: $39,669,3642024

Highlighted filing

2013

Assets$20,936,956
Liabilities$100,464
Net Assets$20,836,492
Open 2013 Filing

Operations Trend

Revenue GrowthScore unavailable

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

$8.0M$6.0M$4.0M$2.0M$0-$2.0MExpenses 2010: $668,6802010Expenses 2011: $799,6132011Expenses 2012: $1,395,6272012Revenue 2013: $690,159Expenses 2013: $1,640,137Net Income 2013: -$949,9782013Revenue 2014: $2,735,335Expenses 2014: $2,079,389Net Income 2014: $655,9462014Revenue 2015: $2,651,863Expenses 2015: $2,414,716Net Income 2015: $237,1472015Revenue 2016: $3,555,473Expenses 2016: $2,132,144Net Income 2016: $1,423,3292016Revenue 2017: $2,598,958Expenses 2017: $2,491,811Net Income 2017: $107,1472017Revenue 2018: $4,115,920Expenses 2018: $1,619,329Net Income 2018: $2,496,5912018Revenue 2019: $3,248,491Expenses 2019: $2,039,900Net Income 2019: $1,208,5912019Revenue 2020: $2,006,416Expenses 2020: $2,232,458Net Income 2020: -$226,0422020Revenue 2021: $6,752,671Expenses 2021: $2,652,998Net Income 2021: $4,099,6732021Revenue 2022: $2,759,171Expenses 2022: $1,892,697Net Income 2022: $866,4742022Revenue 2023: $3,124,497Expenses 2023: $2,345,346Net Income 2023: $779,1512023Revenue 2024: $3,359,564Expenses 2024: $3,083,554Net Income 2024: $276,0102024

Highlighted filing

2013

Revenue$690,159
Expenses$1,640,137
Net Income-$949,978
Open 2013 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2013 to Dec 31, 2013
Signed
Aug 11, 2014
Return Version
2013v3.0
Gross Receipts
$8,460,229
Mission and Program Overview

Mission

To provide financial assistance to delaware technical & community college

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$12,774,805$15,443,796▲ $2,668,991
Other Notes and Loans Receivable, Net-$1,936,109-
Cash and Non-Interest-Bearing Accounts$1,011,198$1,332,187▲ $320,989
Land, Buildings, and Equipment, Net$6,310,867$1,095,867▼ $5,215,000
Pledges and Grants Receivable$96,811$117,715▲ $20,904
Total Assets$21,204,963$20,936,956▼ $268,007
Other Assets Total$1,011,282$1,011,282→ $0
Liabilities
Other Liabilities$78,649$72,168▼ $6,481
Accounts Payable and Accrued Expenses$508,413$28,296▼ $480,117
Total Liabilities$587,062$100,464▼ $486,598
Net Assets / Fund Balance
Temporarily Rstr Net Assets$9,523,651$9,856,227▲ $332,576
Unrestricted Net Assets$9,419,685$8,794,632▼ $625,053
Permanently Rstr Net Assets$1,674,565$2,185,633▲ $511,068
Total Net Assets Fund Balance$20,617,901$20,836,492▲ $218,591
Total Liabilities and Net Assets / Fund Balance$21,204,963$20,936,956▼ $268,007

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$895,534--
Land$200,333--
Other Securities$15,398,407--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2013$11,251,216$1,508,041▲ $66,619$710,064$12,115,812
2012$11,142,367$345,529▲ $201,723$438,403$11,251,216
2011$10,628,360$335,209▲ $189,559$10,761$11,142,367
2010$10,277,277$323,885▲ $91,808$64,610$10,628,360
2009$10,893,419$798,426▲ $976,943$2,391,511$10,277,277
Compensation and Service Providers
Top Officer Pay88th percentile

Employees

NameTitleBaseOtherTotal
Dr Orlando J George JrPresident$2,809$468,440$2,809

Board Members and Trustees

NameTitle
Mark S StelliniChairman
John M MaioranoVice Chairman
Audrey Van LuvenBoard Member
Louis F Owens Jr MdBoard Member
Norman D Griffiths EsqBoard Member
Selham Sue SalibaBoard Member
William G Bush IvBoard Member
Cindy L Szabo EsqSpecial Trustee
Hinton J Lucas Jr EsqSpecial Trustee
James B Porter JrSpecial Trustee
Mr W Charles Paradee IiiSpecial Trustee
Nancy J ShevockSpecial Trustee
Thomas St JohnSpecial Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$1,742,598
Program Service Revenue
$0
Investment Income
$-1,609,348
Other Revenue
$556,909
All Other Contributions
$1,742,598
Change in Net Assets
$-949,978

Audited Revenue Reconciliation

Revenue per Audited Statements
$690,158
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,423,490
Total Revenue per Audited Statements
$4,113,648
Total Revenue per Form 990
$690,158
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,507,230
Other Expenses$132,907
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,507,230--$1,507,230
Other Expenses-$66,391-$66,391
Fees for Service Investment Mgmnt Fees-$56,516-$56,516
Fees for Services Accounting-$10,000-$10,000
Total Functional Expenses$1,507,230$132,907$0$1,640,137

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$1,640,137
Total Expenses per Audited Statements$1,640,137
Total Expenses per Form 990$1,640,137
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$705,189
Fundraising Direct Expenses$161,105
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 1$379,166$379,166$31,262$347,904
Event 2$189,365$189,365$19,031$170,334
Total Events$705,159$705,159$161,105$544,054
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Charitable Gift Annuity Payable$72,168
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
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
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 11

“Draft is sent to organization's management for approval before tax return is finalized and submitted”

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

“The organization monitors and enforces its conflict of interest policy through the policy's inclusion within the organization's policy and procedures manual, which is required to be reviewed by the board of trustees annually.”

Form 990, Part VI, Section C, Line 19

“The foundation makes its financial statements, tax returns, and governing documents available upon request.”

Filing and Contact Details

Filer

EIN
51-0246178
Phone
3027394058

Signing Officer

Name
Dr Orlando J George Jr
Title
President
Phone
3027394058
Signed
2014-08-11
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Mark Brainard
Formed
1968
Legal Domicile
De
Voting Board Members
14
Independent Board Members
14
Employees
1
Volunteers
59

Preparer

Preparer
JOHN A D'AGOSTINO CPA MST
Phone
3027376200
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 2C

“The foundation has a board of trustees that oversees all of the foundation's activities, including the selection and oversight of the independent auditor.”

Financial Statement Notes

PART III, LINE 4:

“The foundation operates a small museum at one of delaware technical & community college's campuses. The museum houses the artifacts of a sunken spanish galleon and charges a small admission fee to visitors. The admissions revenues produced from the museum are used to provide support to delaware technical & community college.”

PART V, LINE 4:

“The foundation holds the permanent endowment funds in perpetuity, using only the interest income to fund scholarships for individuals at delaware technical & community college. Term endowments are used by the foundation for the specific restrictions that have been imposed by the donor and once satisfied, the restrictions are released.”

PART X, LINE 2:

“The organization has qualified as an exempt organization under section 501(c)(3) of the internal revenue code and is exempt from federal and state income taxes. However, the organization is not exempt from taxes to the extent it has unrelated business taxable income. During 2013 and 2012, the organization had no unrelated business taxable income. The organization is no longer subject to federal or state tax examinations for fiscal years ended prior to 2009.”

Raw XML AppendixShowing 400 of 569 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.

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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE FINANCIAL ASSISTANCE TO DELAWARE TECHNICAL & COMMUNITY COLLEGE
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt020617901
IRS990/NetAssetsOrFundBalancesEOYAmt020836492
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-2042170
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-2042170
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0544084
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0544084
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01168568
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01011282
IRS990/OtherAssetsTotalGrp/EOYAmt01011282
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0COLLEGE-WIDE SUPPORT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt066391
IRS990/OtherExpensesGrp/TotalAmt066391
IRS990/OtherLiabilitiesGrp/BOYAmt078649
IRS990/OtherLiabilitiesGrp/EOYAmt072168
IRS990/OtherRevenueMiscGrp/BusinessCd0713990
IRS990/OtherRevenueMiscGrp/Desc0MUSEUM ADMISSIONS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01509
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01509
IRS990/OtherRevenueTotalAmt01509
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01936109
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt01674565
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02185633
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt096811
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0117715
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DR MARK BRAINARD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0786137
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0786137
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0497624
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01282072
IRS990/PYInvestmentIncomeAmt0412121
IRS990/PYOtherExpensesAmt0113555
IRS990/PYOtherRevenueAmt0513367
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt027485
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01395627
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01423112
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-949978
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt011316
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt011316
IRS990ScheduleA/CertificationInd0X
IRS990ScheduleA/Contribution35ControlledInd00
IRS990ScheduleA/ContributionControllerInd00
IRS990ScheduleA/ContributionFamilyInd00
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0516000279
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc05
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01573621
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10DELAWARE TECHNICAL AND COMMUNITY COLLEGE
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt01573621
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/ScheduleBRequiredInd01
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/AssetsIncludedAmt01011282
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/RevenuesIncludedAmt01509
IRS990ScheduleD/BuildingsGrp/BookValueAmt0895534
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0895534
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt011251216
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01508041
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt012115812
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt066619
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0710064
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt011142367
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0345529
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt011251216
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0201723
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0438403
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt010628360
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0335209
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt011142367
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0189559
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt010761
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt010277277
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0323885
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt010628360
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt091808
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt064610
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt010893419
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0798426
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt010277277
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0976943
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt02391511
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt01640137
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0200333
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0200333
IRS990ScheduleD/NetUnrealizedGainsInvstAmt03423490
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt072168
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CHARITABLE GIFT ANNUITY PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt045389
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt115398407
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN LIFE INSURANCE
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt03423490
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0690158
IRS990ScheduleD/SolicitedAssetsSaleInd00
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE FOUNDATION OPERATES A SMALL MUSEUM AT ONE OF DELAWARE TECHNICAL & COMMUNITY COLLEGE'S CAMPUSES. THE MUSEUM HOUSES THE ARTIFACTS OF A SUNKEN SPANISH GALLEON AND CHARGES A SMALL ADMISSION FEE TO VISITORS. THE ADMISSIONS REVENUES PRODUCED FROM THE MUSEUM ARE USED TO PROVIDE SUPPORT TO DELAWARE TECHNICAL & COMMUNITY COLLEGE.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE FOUNDATION HOLDS THE PERMANENT ENDOWMENT FUNDS IN PERPETUITY, USING ONLY THE INTEREST INCOME TO FUND SCHOLARSHIPS FOR INDIVIDUALS AT DELAWARE TECHNICAL & COMMUNITY COLLEGE. TERM ENDOWMENTS ARE USED BY THE FOUNDATION FOR THE SPECIFIC RESTRICTIONS THAT HAVE BEEN IMPOSED BY THE DONOR AND ONCE SATISFIED, THE RESTRICTIONS ARE RELEASED.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2THE ORGANIZATION HAS QUALIFIED AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. HOWEVER, THE ORGANIZATION IS NOT EXEMPT FROM TAXES TO THE EXTENT IT HAS UNRELATED BUSINESS TAXABLE INCOME. DURING 2013 AND 2012, THE ORGANIZATION HAD NO UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL OR STATE TAX EXAMINATIONS FOR FISCAL YEARS ENDED PRIOR TO 2009.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01095867
IRS990ScheduleD/TotalBookValueSecuritiesAmt015443796
IRS990ScheduleD/TotalExpensesPerForm990Amt01640137
IRS990ScheduleD/TotalLiabilityAmt072168
IRS990ScheduleD/TotalRevenuePerForm990Amt0690158
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04113648
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt01640137
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0161105
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt021682
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt05000
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt09955
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt036637
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt034092
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt05114
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt019720
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt058926
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0379166
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0189365
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0136628
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0705159
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0379166
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0189365
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt0136628
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0705159
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent1Amt0STARRY STARRY NIGHTS GALA
IRS990ScheduleG/FundraisingEventInformationGrp/NameOfEvent2Amt0TERRY CAMPUS GALA
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0544054
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt012865
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt063158
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt031262
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt019031
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt05
IRS990ScheduleG/FundraisingEventInformationGrp/RentFacilityCostsEvent1Amt02224
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsOtherEventsAmt0160
IRS990ScheduleG/FundraisingEventInformationGrp/RentFcltyCostsTotalEventsAmt02384

Document Assets

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Filings

Displayed year

2013 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$20,936,956
Liabilities
$100,464
Net assets
$20,836,492
Revenue
$690,159
Expenses
$1,640,137
Net income
-$949,978
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$39.8$0.17$39.7$3.36$3.08$0.28
2023Summary only. Only limited summary data is available for this year.$37.6$0.10$37.5$3.12$2.35$0.78
2022Summary only. Only limited summary data is available for this year.$34.0$0.23$33.7$2.76$1.89$0.87
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$39.3$0.12$39.2$6.75$2.65$4.10
2020Summary only. Only limited summary data is available for this year.$33.3$0.07$33.2$2.01$2.23$0.23
2019Summary only. Only limited summary data is available for this year.$30.5$0.14$30.3$3.25$2.04$1.21
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$26.2$0.15$26.1$4.12$1.62$2.50
2017Summary only. Only limited summary data is available for this year.$25.7$0.19$25.6$2.60$2.49$0.11
2016Facts available. Structured filing facts are available, but richer extracted sections are limited.$23.6$0.23$23.3$3.56$2.13$1.42
2015Summary only. Only limited summary data is available for this year.$21.5$0.62$20.9$2.65$2.41$0.24
2014Detailed filing. Detailed filing data is available for this year.$21.1$0.13$21.0$2.74$2.08$0.66
2013Detailed filing. Detailed filing data is available for this year.$20.9$0.10$20.8$0.69$1.64$0.95
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$21.2$0.59$20.6$1.40
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.8$0.13$19.7$0.80
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$19.2$0.10$19.1$0.67