Civic Intelligence

Delaware Technical & Community College Educational Foundation 866

990 • Fiscal year 2015 • EIN 51-0246178

Jan 01, 2015 to Dec 31, 2015 • Filed on Nov 14, 2016

PO Box 897Dover, DE 19903

(302) 739-4058

Siviq Scores

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

Liabilities / Assets

20th percentile

0.03x

Higher debt load relative to assets than 20% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Liabilities / Revenue

49th percentile

0.23x

Higher debt load relative to revenue than 49% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Net Margin

67th percentile

8.9%

Higher net margin than 67% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Top Officer Pay

61st percentile

$205,427

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 7.7% of source-year revenue.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2015

Asset Growth

53rd percentile

1.9%

Faster asset growth than 53% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Revenue Growth

30th percentile

-3.1%

Faster revenue growth than 30% of similar nonprofits.

2015 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2014 to 2015

Assets

Flat

$21,529,355

Flat from 2015

Net Assets

Flat

$20,907,093

Flat from 2015

Liabilities

Flat

$622,262

Flat from 2015

Revenue

Flat

$2,651,863

Flat from 2015

Expenses

Flat

$2,414,716

Flat from 2015

Net Income

Flat

$237,147

Flat from 2015

Historical Trend

Balance Sheet Trend

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 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

2015

Assets$21,529,355
Liabilities$622,262
Net Assets$20,907,093

Operations Trend

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 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

2015

Revenue$2,651,863
Expenses$2,414,716
Net Income$237,147
Jump To
Filing Snapshot
Filing Period
Jan 1, 2015 to Dec 31, 2015
Signed
Nov 14, 2016
Return Version
2015v2.1
Gross Receipts
$8,290,255
Mission and Program Overview

Mission

To provide financial assistance to delaware technical & community college

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$16,415,254$17,266,241▲ $850,987
Cash and Non-Interest-Bearing Accounts$1,523,054$1,457,546▼ $65,508
Land, Buildings, and Equipment, Net$1,095,867$1,095,867→ $0
Other Notes and Loans Receivable, Net$992,201$0▼ $992,201
Pledges and Grants Receivable$93,720$659,569▲ $565,849
Total Assets$21,131,378$21,529,355▲ $397,977
Other Assets Total$1,011,282$1,050,132▲ $38,850
Liabilities
Accounts Payable and Accrued Expenses$63,262$562,192▲ $498,930
Other Liabilities$65,130$60,070▼ $5,060
Total Liabilities$128,392$622,262▲ $493,870
Net Assets / Fund Balance
Temporarily Rstr Net Assets$8,751,837$9,504,382▲ $752,545
Unrestricted Net Assets$9,969,885$8,876,581▼ $1,093,304
Permanently Rstr Net Assets$2,281,264$2,526,130▲ $244,866
Total Net Assets Fund Balance$21,002,986$20,907,093▼ $95,893
Total Liabilities and Net Assets / Fund Balance$21,131,378$21,529,355▲ $397,977

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$895,534--
Land$200,333--
Other Securities$17,227,374--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2015$11,107,053$977,747▲ $143,388$597,676$11,630,512
2014$12,115,812$702,971▲ $335,111$2,046,841$11,107,053
2013$11,251,216$1,508,041▲ $66,619$731,016$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
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Dr Mark T BrainardPresident$3,501$201,926$3,501

Board Members and Trustees

NameTitle
Scott a GreenChairman
John M MaioranoVice Chairman
Patti a GrimesVice Chairman
Lolita a LopezBoard Member
Norman D Griffiths EsqBoard Member
Robert E HagertyBoard Member
Cindy L Szabo EsqSpecial Trustee
James B Porter JrSpecial Trustee
Nancy J ShevockSpecial Trustee
Thomas St JohnSpecial Trustee
W Charles Paradee IiiSpecial Trustee
William G Bush Iv EsqSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$1,344,794
Program Service Revenue
$0
Investment Income
$619,785
Other Revenue
$687,284
All Other Contributions
$1,344,794
Change in Net Assets
$237,147

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,651,864
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$-771,891
Total Revenue per Audited Statements
$1,879,973
Total Revenue per Form 990
$2,651,864
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,231,445
Other Expenses$183,271
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,231,445--$2,231,445
Other Expenses-$90,792-$90,792
Fees for Service Investment Mgmnt Fees-$66,695-$66,695
Fees for Services Accounting-$25,784-$25,784
Total Functional Expenses$2,231,445$183,271$0$2,414,716

Audited Expense Reconciliation

Line ItemAmount
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Expenses per Audited Statements$0
Total Expenses per Audited Statements$0
Total Expenses per Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Delaware Technical & Community College a Division of the State of DelawareDover, DE-Support, Equipment & Improvement Process-
Delaware Technical & Community College a Division of the State of DelawareDover, DE-Scholarship Assistance-
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$876,011
Fundraising Direct Expenses$196,506
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Starry Starry Nights Gala$427,618$427,618$42,518$385,100
Terry Campus Gala$243,661$243,661$5,102$238,559
Total Events$876,011$876,011$196,506$679,505
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$60,070
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
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

Filer Name
Delaware Technical & Community College
EIN
51-0246178
Phone
3027394058
Address
PO BOX 897, DOVER, DE 19903

Signing Officer

Name
Dr Mark Brainard
Title
President
Phone
3027394058
Signed
2016-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Mark Brainard
Formed
1968
Legal Domicile
De
Voting Board Members
13
Independent Board Members
13
Employees
1
Volunteers
59

Preparer

Firm
Santora CPA Group
Address
220 CONTINENTAL DRIVE SUITE 112, NEWARK, DE 19713
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 2014 and 2013, 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 2010.

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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/NetAssetsOrFundBalancesBOYAmt021002986
IRS990/NetAssetsOrFundBalancesEOYAmt020907093
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt018804
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt018804
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0679505
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0679505
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-771890
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01011282
IRS990/OtherAssetsTotalGrp/EOYAmt01050132
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0COLLEGE-WIDE SUPPORT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt090792
IRS990/OtherExpensesGrp/TotalAmt090792
IRS990/OtherLiabilitiesGrp/BOYAmt065130
IRS990/OtherLiabilitiesGrp/EOYAmt060070
IRS990/OtherRevenueMiscGrp/BusinessCd0713990
IRS990/OtherRevenueMiscGrp/Desc0MUSEUM ADMISSIONS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01765
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01765
IRS990/OtherRevenueTotalAmt01765
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt0992201
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02281264
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02526130
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt093720
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0659569
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DR MARK BRAINARD
IRS990/PriorPeriodAdjustmentsAmt0438850
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01019603
IRS990/ProgSrvcAccomActy2Grp/GrantAmt01019603
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0779551
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01939857
IRS990/PYInvestmentIncomeAmt01315160
IRS990/PYOtherExpensesAmt0139532
IRS990/PYOtherRevenueAmt0640624
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0655946
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02079389
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02735335
IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0237147
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt06014
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt06014
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/MajorityDirTrstSupportedOrgInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0516000279
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd05
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt02322237
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0DELAWARE TECHNICAL AND COMMUNITY COLLEGE
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt02322237
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/AssetsIncludedAmt01050132
IRS990ScheduleD/ArtPublicExhibitionAmountsGrp/RevenuesIncludedAmt01765
IRS990ScheduleD/BuildingsGrp/BookValueAmt0895534
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0895534
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt011107053
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0977747
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt011630512
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0143388
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0597676
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt012115812
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0702971
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt011107053
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0335111
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt02046841
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt011251216
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01508041
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt012115812
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt066619
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0731016
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt011142367
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0345529
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt011251216
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0201723
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0438403
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt010628360
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0335209
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt011142367
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0189559
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt010761
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt00
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt0200333
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt0200333
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-771891
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt060070
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CHARITABLE GIFT ANNUITY PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt038867
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt117227374
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN LIFE INSURANCE
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt0-771891
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt02651864
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 2014 AND 2013, 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 2010.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt01095867
IRS990ScheduleD/TotalBookValueSecuritiesAmt017266241
IRS990ScheduleD/TotalExpensesPerForm990Amt00
IRS990ScheduleD/TotalLiabilityAmt060070
IRS990ScheduleD/TotalRevenuePerForm990Amt02651864
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt01879973
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt00
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0196506
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt020000
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt011531
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt07331
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt038862
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0STARRY STARRY NIGHTS GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0TERRY CAMPUS GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt030000
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt06704
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt030909
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt067613
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0427618
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0243661
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0204732
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0876011
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0427618
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0243661
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt0204732
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0876011
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0679505
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt042411
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt090031
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt042518

Document Assets

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Filings

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
2015Detailed filing. Detailed filing data is available for this year.$21.5$0.62$20.9$2.65$2.41$0.24
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