Civic Intelligence

Delaware Technical & Community College Educational Foundation 866

990 • Fiscal year 2019 • EIN 51-0246178

Jan 01, 2019 to Dec 31, 2019 • Filed on Jul 23, 2020

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

8th percentile

0.00x

Higher debt load relative to assets than 8% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Liabilities / Revenue

11th percentile

0.04x

Higher debt load relative to revenue than 11% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Net Margin

87th percentile

37%

Higher net margin than 87% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Top Officer Pay

59th percentile

$285,563

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 8.8% of source-year revenue.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2019

Asset Growth

79th percentile

16%

Faster asset growth than 79% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Revenue Growth

13th percentile

-21%

Faster revenue growth than 13% of similar nonprofits.

2019 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2018 to 2019

Assets

Flat

$30,486,504

Flat from 2019

Net Assets

Flat

$30,348,584

Flat from 2019

Liabilities

Flat

$137,920

Flat from 2019

Revenue

Flat

$3,248,491

Flat from 2019

Expenses

Flat

$2,039,900

Flat from 2019

Net Income

Flat

$1,208,591

Flat from 2019

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 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

2019

Assets$30,486,504
Liabilities$137,920
Net Assets$30,348,584

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 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

2019

Revenue$3,248,491
Expenses$2,039,900
Net Income$1,208,591
Jump To
Filing Snapshot
Filing Period
Jan 1, 2019 to Dec 31, 2019
Signed
Jul 23, 2020
Return Version
2019v5.1
Gross Receipts
$9,081,248
Mission and Program Overview

Mission

To provide financial assistance to delaware technical & community college

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$19,860,379$25,908,007▲ $6,047,628
Cash and Non-Interest-Bearing Accounts$3,453,831$1,643,835▼ $1,809,996
Land, Buildings, and Equipment, Net$981,667$981,667→ $0
Pledges and Grants Receivable$798,420$841,504▲ $43,084
Investments Other Securities$38,867$38,867→ $0
Prepaid Expenses and Deferred Charges$21,237$21,754▲ $517
Accounts Receivable$26,100$738▼ $25,362
Total Assets$26,230,633$30,486,504▲ $4,255,871
Other Assets Total$1,050,132$1,050,132→ $0
Liabilities
Accounts Payable and Accrued Expenses$98,209$88,801▼ $9,408
Other Liabilities$52,495$49,119▼ $3,376
Total Liabilities$150,704$137,920▼ $12,784
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$15,054,246$17,708,845▲ $2,654,599
Net Assets With Donor Restrictions$11,025,683$12,639,739▲ $1,614,056
Total Net Assets Fund Balance$26,079,929$30,348,584▲ $4,268,655
Total Liabilities and Net Assets / Fund Balance$26,230,633$30,486,504▲ $4,255,871

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$882,624--
Land$99,043--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2019$11,025,683$1,572,806▲ $918,143$876,893$12,639,739
2018$10,238,493$2,337,020▼ $122,480$1,427,350$11,025,683
2017$9,758,848$823,626▲ $551,704$895,685$10,238,493
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
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Dr Mark T BrainardPresident$2,359$283,204$2,359

Board Members and Trustees

NameTitle
Nancy J ShevockChairman
Patti a GrimesVice Chairman
Brigadier Gen Ernest G Talbert JrBoard Member
Diane F GlennBoard Member
Lolita a LopezBoard Member
Michael J HareBoard Member
Robert E HagertyBoard Member
Cindy L Szabo EsqSpecial Trustee
James B Porter JrSpecial Trustee
Thomas St JohnSpecial Trustee
W Charles Paradee IiiSpecial Trustee
Revenue and Support

Revenue Composition

Contributions and Grants
$2,114,972
Program Service Revenue
$0
Investment Income
$798,768
Other Revenue
$334,751
All Other Contributions
$2,105,255
Change in Net Assets
$1,208,591

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
Yes
Third parties used for noncash contributions
Yes

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$30,000Cost
Total Noncash Contributions1$30,000-

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,248,491
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$3,060,064
Total Revenue per Audited Statements
$6,308,555
Total Revenue per Form 990
$3,248,491
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,909,563
Other Expenses$130,337
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,909,563--$1,909,563
Other Expenses-$65,304-$65,304
Fees for Services Accounting-$65,033-$65,033
Total Functional Expenses$1,909,563$130,337$0$2,039,900

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,039,900
Total Expenses per Audited Statements$2,039,900
Total Expenses per Form 990$2,039,900
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$1,012,177
Delaware Technical & Community College a Division of the State of DelawareDover, DE-Scholarship Assistance$897,386
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$476,951
Fundraising Direct Expenses$146,696
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Starry Starry Nights Gala$158,750$155,350$23,870$131,480
Mardi Gras Gala$117,373$115,718$23,065$92,653
Total Events$486,668$476,951$146,696$330,255
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$49,119
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
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 11B

A draft is sent to the 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
2020-07-23
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Dr Mark Brainard
Formed
1968
Legal Domicile
De
Voting Board Members
11
Independent Board Members
11
Employees
1
Volunteers
916

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 2019 and 2018, 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 2016.

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IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO PROVIDE FINANCIAL ASSISTANCE TO DELAWARE TECHNICAL & COMMUNITY COLLEGE
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt026079929
IRS990/NetAssetsOrFundBalancesEOYAmt030348584
IRS990/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt0219484
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0219484
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0330255
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0330255
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt03060064
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt015054246
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt017708845
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01050132
IRS990/OtherAssetsTotalGrp/EOYAmt01050132
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherExpensesGrp/Desc0COLLEGE-WIDE SUPPORT
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt065304
IRS990/OtherExpensesGrp/TotalAmt065304
IRS990/OtherLiabilitiesGrp/BOYAmt052495
IRS990/OtherLiabilitiesGrp/EOYAmt049119
IRS990/OtherRevenueMiscGrp/BusinessCd0713990
IRS990/OtherRevenueMiscGrp/Desc0MUSEUM ADMISSIONS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01600
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01600
IRS990/OtherRevenueTotalAmt01600
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0798420
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt0841504
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt021237
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021754
IRS990/PrincipalOfficerNm0DR MARK BRAINARD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0897386
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0897386
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03043729
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01557313
IRS990/PYInvestmentIncomeAmt0651096
IRS990/PYOtherExpensesAmt062016
IRS990/PYOtherRevenueAmt0421095
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt02496591
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01619329
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04115920
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01208591
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt02896
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt02896
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/SupportAmt01974867
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0DELAWARE TECHNICAL AND COMMUNITY COLLEGE
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt01974867
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/RevenuesIncludedAmt01600
IRS990ScheduleD/BuildingsGrp/BookValueAmt0882624
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0882624
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt011025683
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt01572806
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt012639739
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0918143
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0876893
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt010238493
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt02337020
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt011025683
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-122480
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt01427350
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt09758848
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0823626
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt010238493
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0551704
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0895685
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt011630512
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt01712961
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt09758848
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0266090
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt03850715
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt011107053
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0977747
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt011630512
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0143388
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0597676
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02039900
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt099043
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt099043
IRS990ScheduleD/NetUnrealizedGainsInvstAmt03060064
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt049119
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CHARITABLE GIFT ANNUITY PAYABLE
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.33000
IRS990ScheduleD/RevenueNotReportedAmt03060064
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt03248491
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 2019 AND 2018, 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 2016.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.67000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0981667
IRS990ScheduleD/TotalExpensesPerForm990Amt02039900
IRS990ScheduleD/TotalLiabilityAmt049119
IRS990ScheduleD/TotalRevenuePerForm990Amt03248491
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt06308555
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02039900
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt09717
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt03400
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt01655
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt04662
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt0146696
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt09603
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent2Amt07398
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentOtherEventsAmt03535
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt020536
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0STARRY STARRY NIGHTS GALA
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0MARDI GRAS GALA
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt023093
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt07108
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageOtherEventsAmt07193
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt037394
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt0158750
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt0117373
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt0210545
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt0486668
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt0155350
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt0115718
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt0205883
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt0476951
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt0330255
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt035432
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt082367
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt023870

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
2019Detailed filing. Detailed filing data is available for this year.$30.5$0.14$30.3$3.25$2.04$1.21
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