Civic Intelligence

Delaware Technical & Community College Educational Foundation 866

990 • Fiscal year 2021 • EIN 51-0246178

Jan 01, 2021 to Dec 31, 2021 • Filed on Jul 11, 2022

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.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Liabilities / Revenue

9th percentile

0.02x

Higher debt load relative to revenue than 9% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Net Margin

90th percentile

61%

Higher net margin than 90% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Top Officer Pay

61st percentile

$293,819

Higher top officer pay than 61% of similar nonprofits.

Top officer pay equals 4.4% of source-year revenue.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2021

Asset Growth

68th percentile

18%

Faster asset growth than 68% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Revenue Growth

95th percentile

237%

Faster revenue growth than 95% of similar nonprofits.

2021 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2020 to 2021

Assets

Up

$39,323,835

Up $6,020,322 (+18%) from 2020

Net Assets

Up

$39,208,790

Up $5,974,768 (+18%) from 2020

Liabilities

Up

$115,045

Up $45,554 (+66%) from 2020

Revenue

Up

$6,752,671

Up $4,746,255 (+237%) from 2020

Expenses

Up

$2,652,998

Up $420,540 (+19%) from 2020

Net Income

Up

$4,099,673

Up $4,325,715 (+1914%) from 2020

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

2021

Assets$39,323,835
Liabilities$115,045
Net Assets$39,208,790

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

2021

Revenue$6,752,671
Expenses$2,652,998
Net Income$4,099,673
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jul 11, 2022
Return Version
2021v4.2
Gross Receipts
$9,751,158
Mission and Program Overview

Mission

To provide financial assistance to delaware technical & community college

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$29,445,939$33,192,833▲ $3,746,894
Pledges and Grants Receivable$776,124$2,301,677▲ $1,525,553
Cash and Non-Interest-Bearing Accounts$1,038,651$1,753,382▲ $714,731
Land, Buildings, and Equipment, Net$981,667$981,667→ $0
Prepaid Expenses and Deferred Charges$0$38,279▲ $38,279
Investments Other Securities$11,000$5,865▼ $5,135
Total Assets$33,303,513$39,323,835▲ $6,020,322
Other Assets Total$1,050,132$1,050,132→ $0
Liabilities
Accounts Payable and Accrued Expenses$23,948$73,240▲ $49,292
Other Liabilities$45,543$41,805▼ $3,738
Total Liabilities$69,491$115,045▲ $45,554
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$19,940,949$22,044,852▲ $2,103,903
Net Assets With Donor Restrictions$13,293,073$17,163,938▲ $3,870,865
Total Net Assets Fund Balance$33,234,022$39,208,790▲ $5,974,768
Total Liabilities and Net Assets / Fund Balance$33,303,513$39,323,835▲ $6,020,322

Asset Categories

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

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2021$13,293,073$4,796,536▲ $976,961$1,902,632$17,163,938
2020$12,639,739$1,109,214▲ $779,297$1,235,177$13,293,073
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
Compensation and Service Providers

Employees

NameTitleBaseOtherTotal
Dr Mark T BrainardPresident$2,733$291,086$2,733

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
$4,945,324
Program Service Revenue
$0
Investment Income
$1,748,465
Other Revenue
$58,882
All Other Contributions
$4,942,946
Change in Net Assets
$4,099,673

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,752,671
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$1,875,095
Total Revenue per Audited Statements
$8,627,766
Total Revenue per Form 990
$6,752,671
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$2,573,417
Other Expenses$79,581
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$2,573,417--$2,573,417
Fees for Services Accounting-$41,730-$41,730
Other Expenses-$37,851-$37,851
Total Functional Expenses$2,573,417$79,581$0$2,652,998

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$2,652,998
Total Expenses per Audited Statements$2,652,998
Total Expenses per Form 990$2,652,998
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$1,703,412
Delaware Technical & Community College a Division of the State of DelawareDover, DE-Scholarship Assistance$870,005
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$70,491
Fundraising Direct Expenses$12,460
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Run White and Blue 5k$24,044$24,044$4,994$19,050
Study Abroad 5k (chocolate Lovers)$13,414$11,436$3,444$7,992
Total Events$72,869$70,491$12,460$58,031
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$41,805
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
2022-07-11
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
173

Preparer

Firm
Santora CPA Group
Address
220 CONTINENTAL DRIVE SUITE 112, NEWARK, DE 19713
Preparer
Theresa D Jones CPA
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 2021 and 2020, 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 2018.

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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/NetGainOrLossInvestmentsGrp/RelatedOrExemptFuncIncomeAmt01020534
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01020534
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt058031
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt058031
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01875095
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt019940949
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt022044852
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/ManagementAndGeneralAmt037851
IRS990/OtherExpensesGrp/TotalAmt037851
IRS990/OtherLiabilitiesGrp/BOYAmt045543
IRS990/OtherLiabilitiesGrp/EOYAmt041805
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0776124
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt02301677
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt038279
IRS990/PrincipalOfficerNm0DR MARK BRAINARD
IRS990/ProfessionalFundraisingInd00
IRS990/ProgSrvcAccomActy2Grp/Desc0SCHOLARSHIPS
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt0870005
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0870005
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01436054
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02133562
IRS990/PYInvestmentIncomeAmt0342893
IRS990/PYOtherExpensesAmt098896
IRS990/PYOtherRevenueAmt0227469
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-226042
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02232458
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02006416
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt04099673
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RoyaltiesRevenueGrp/ExclusionAmt0851
IRS990/RoyaltiesRevenueGrp/TotalRevenueColumnAmt0851
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/SupportAmt02611268
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0DELAWARE TECHNICAL AND COMMUNITY COLLEGE
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType2Ind0X
IRS990ScheduleA/SupportSumAmt02611268
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/BuildingsGrp/BookValueAmt0882624
IRS990ScheduleD/BuildingsGrp/InvestmentCostOrOtherBasisAmt0882624
IRS990ScheduleD/CollectionUsedPreservationInd0X
IRS990ScheduleD/CollectionUsedPubExhibitionInd0X
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt013293073
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt04796536
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt017163938
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0976961
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt01902632
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt012639739
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt01109214
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt013293073
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0779297
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt01235177
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt011025683
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt01572806
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt012639739
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0918143
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0876893
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt010238493
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt02337020
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt011025683
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-122480
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt01427350
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt09758848
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0823626
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt010238493
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0551704
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0895685
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt02652998
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LandGrp/BookValueAmt099043
IRS990ScheduleD/LandGrp/InvestmentCostOrOtherBasisAmt099043
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01875095
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt041805
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CHARITABLE GIFT ANNUITY PAYABLE
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.32000
IRS990ScheduleD/RevenueNotReportedAmt01875095
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06752671
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 2021 AND 2020, 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 2018.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART III, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART X, LINE 2:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.68000
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0981667
IRS990ScheduleD/TotalExpensesPerForm990Amt02652998
IRS990ScheduleD/TotalLiabilityAmt041805
IRS990ScheduleD/TotalRevenuePerForm990Amt06752671
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt08627766
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02652998
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContributionsTotAmt02378
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent1Amt00
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriEvent2Amt01978
IRS990ScheduleG/FundraisingEventInformationGrp/CharitableContriOtherEventsAmt0400
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt012460
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentEvent1Amt0300
IRS990ScheduleG/FundraisingEventInformationGrp/EntertainmentTotalEventsAmt0300
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0RUN WHITE AND BLUE 5K
IRS990ScheduleG/FundraisingEventInformationGrp/Event2Nm0STUDY ABROAD 5K (CHOCOLATE LOVERS)
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent1Amt0542
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageEvent2Amt0351
IRS990ScheduleG/FundraisingEventInformationGrp/FoodAndBeverageTotalEventsAmt0893
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt024044
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent2Amt013414
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsOtherEventsAmt035411
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt072869
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent1Amt024044
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueEvent2Amt011436
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueOtherEventsAmt035011
IRS990ScheduleG/FundraisingEventInformationGrp/GrossRevenueTotalEventsAmt070491
IRS990ScheduleG/FundraisingEventInformationGrp/NetIncomeSummaryAmt058031
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssOtherEventsAmt02829
IRS990ScheduleG/FundraisingEventInformationGrp/OthDirectExpnssTotalEventsAmt011267
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent1Amt04994
IRS990ScheduleG/FundraisingEventInformationGrp/OtherDirectExpensesEvent2Amt03444
IRS990ScheduleG/FundraisingEventInformationGrp/OtherEventsTotalCnt03
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt01703412
IRS990ScheduleI/RecipientTable/CashGrantAmt1870005
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt10
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0SUPPORT, EQUIPMENT & IMPROVEMENT PROCESS
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1SCHOLARSHIP ASSISTANCE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0DELAWARE TECHNICAL & COMMUNITY COLLEGE A DIVISION OF THE STATE OF DELAWARE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1DELAWARE TECHNICAL & COMMUNITY COLLEGE A DIVISION OF THE STATE OF DELAWARE

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
2021Detailed filing. Detailed filing data is available for this year.$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