Civic Intelligence

Delaware Technical & Community College Educational Foundation 866

990 • Fiscal year 2016 • EIN 51-0246178

Jan 01, 2016 to Dec 31, 2016 • Filed on Oct 19, 2017

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

13th percentile

0.01x

Higher debt load relative to assets than 13% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Liabilities / Revenue

19th percentile

0.06x

Higher debt load relative to revenue than 19% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Net Margin

89th percentile

40%

Higher net margin than 89% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Top Officer Pay

75th percentile

$271,969

Higher top officer pay than 75% of similar nonprofits.

Top officer pay equals 7.6% of source-year revenue.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2016

Asset Growth

74th percentile

9.4%

Faster asset growth than 74% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Revenue Growth

87th percentile

34%

Faster revenue growth than 87% of similar nonprofits.

2016 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2015 to 2016

Assets

Up

$23,559,005

Up $2,029,650 (+9.4%) from 2015

Net Assets

Up

$23,332,197

Up $2,425,104 (+12%) from 2015

Liabilities

Down

$226,808

Down $395,454 (-64%) from 2015

Revenue

Up

$3,555,473

Up $903,610 (+34%) from 2015

Expenses

Down

$2,132,144

Down $282,572 (-12%) from 2015

Net Income

Up

$1,423,329

Up $1,186,182 (+500%) 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 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

2016

Assets$23,559,005
Liabilities$226,808
Net Assets$23,332,197

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 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

2016

Revenue$3,555,473
Expenses$2,132,144
Net Income$1,423,329
Jump To
Filing Snapshot
Filing Period
Jan 1, 2016 to Dec 31, 2016
Signed
Oct 19, 2017
Return Version
2016v3.0
Gross Receipts
$9,801,960
Mission and Program Overview

Mission

To provide financial assistance to delaware technical & community college

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$17,266,241$16,878,725▼ $387,516
Cash and Non-Interest-Bearing Accounts$1,457,546$3,447,794▲ $1,990,248
Pledges and Grants Receivable$659,569$1,200,687▲ $541,118
Land, Buildings, and Equipment, Net$1,095,867$981,667▼ $114,200
Total Assets$21,529,355$23,559,005▲ $2,029,650
Other Assets Total$1,050,132$1,050,132→ $0
Liabilities
Accounts Payable and Accrued Expenses$562,192$168,162▼ $394,030
Other Liabilities$60,070$58,646▼ $1,424
Total Liabilities$622,262$226,808▼ $395,454
Net Assets / Fund Balance
Unrestricted Net Assets$8,876,581$13,573,349▲ $4,696,768
Temporarily Rstr Net Assets$9,504,382$6,908,234▼ $2,596,148
Permanently Rstr Net Assets$2,526,130$2,850,614▲ $324,484
Total Net Assets Fund Balance$20,907,093$23,332,197▲ $2,425,104
Total Liabilities and Net Assets / Fund Balance$21,529,355$23,559,005▲ $2,029,650

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$882,624--
Land$99,043--
Other Securities$16,839,858--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$11,630,512$1,712,961▲ $266,090$3,850,715$9,758,848
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
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Dr Mark T BrainardPresident$2,974$268,995$2,974

Board Members and Trustees

NameTitle
Scott a GreenChairman
John M MaioranoVice Chairman
Patti a GrimesVice Chairman
Gerard McnesbyVice President of Finance
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
$2,712,361
Program Service Revenue
$0
Investment Income
$134,155
Other Revenue
$708,957
All Other Contributions
$2,712,361
Change in Net Assets
$1,423,329

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,555,473
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,115,975
Total Revenue per Audited Statements
$4,671,448
Total Revenue per Form 990
$3,555,473
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,956,513
Other Expenses$175,631
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,956,513--$1,956,513
Other Expenses-$81,521-$81,521
Fees for Service Investment Mgmnt Fees-$75,471-$75,471
Fees for Services Accounting-$18,639-$18,639
Total Functional Expenses$1,956,513$175,631$0$2,132,144

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,132,144
Total Expenses per Audited Statements$2,132,144
Total Expenses per Form 990$2,132,144
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on 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$1,193,931
Delaware Technical & Community College a Division of the State of DelawareDover, DE-Scholarship Assistance$762,582
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$884,429
Fundraising Direct Expenses$186,503
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Starry Starry Nights Gala$487,781$487,781$34,218$453,563
Terry Campus Gala$219,686$219,686$7,704$211,982
Total Events$884,429$884,429$186,503$697,926
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$58,646
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 11B

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
2017-10-19
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 9:

Impairment loss on investment property -114,200.

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 2016 and 2015, 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 2012.

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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/LandBldgEquipBasisNetGrp/BOYAmt01095867
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0981667
IRS990/LandBldgEquipCostOrOtherBssAmt0981667
IRS990/LegalDomicileStateCd0DE
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt06059984
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE FINANCIAL ASSISTANCE TO DELAWARE TECHNICAL & COMMUNITY COLLEGE
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt020907093
IRS990/NetAssetsOrFundBalancesEOYAmt023332197
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0-262373
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-262373
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0697926
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0697926
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01115975
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01050132
IRS990/OtherAssetsTotalGrp/EOYAmt01050132
IRS990/OtherChangesInNetAssetsAmt0-114200
IRS990/OtherExpensesGrp/Desc0COLLEGE-WIDE SUPPORT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt081521
IRS990/OtherExpensesGrp/TotalAmt081521
IRS990/OtherLiabilitiesGrp/BOYAmt060070
IRS990/OtherLiabilitiesGrp/EOYAmt058646
IRS990/OtherRevenueMiscGrp/BusinessCd0713990
IRS990/OtherRevenueMiscGrp/Desc0MUSEUM ADMISSIONS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt02391
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt02391
IRS990/OtherRevenueTotalAmt02391
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt02526130
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt02850614
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0659569
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01200687
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0DR MARK BRAINARD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0762582
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0762582
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01344794
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02231445
IRS990/PYInvestmentIncomeAmt0619785
IRS990/PYOtherExpensesAmt0183271
IRS990/PYOtherRevenueAmt0687284
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0237147
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02414716
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02651863
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01423329
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd01
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt08640
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt08640
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/SupportAmt01874992
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0DELAWARE TECHNICAL AND COMMUNITY COLLEGE
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt01874992
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/RevenuesIncludedAmt02391
IRS990ScheduleD/BuildingsGrp/BookValueAmt0882624
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0882624
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt011630512
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01712961
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt09758848
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0266090
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt03850715
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt011107053
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0977747
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt011630512
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0143388
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0597676
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt012115812
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0702971
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt011107053
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0335111
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt02046841
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt011251216
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01508041
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt012115812
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt066619
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0731016
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt011142367
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0345529
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt011251216
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0201723
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0438403
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02132144
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt099043
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt099043
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01115975
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt058646
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CHARITABLE GIFT ANNUITY PAYABLE
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt038867
IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt116839858
IRS990ScheduleD/OtherSecuritiesGrp/Desc0INVESTMENT IN LIFE INSURANCE
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENTS
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0F
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd1F
IRS990ScheduleD/RevenueNotReportedAmt01115975
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03555473
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 2016 AND 2015, 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 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0981667
IRS990ScheduleD/TotalBookValueSecuritiesAmt016878725
IRS990ScheduleD/TotalExpensesPerForm990Amt02132144
IRS990ScheduleD/TotalLiabilityAmt058646
IRS990ScheduleD/TotalRevenuePerForm990Amt03555473
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04671448
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02132144
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0186503
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt042987
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt08250
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt08432
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt059669
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0STARRY STARRY NIGHTS GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0TERRY CAMPUS GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt022815
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt03426
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt016937
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt043178
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0487781

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
2016Detailed filing. Detailed filing data is available for this year.$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