Civic Intelligence

Delaware Aerospace Education Foundation

990 • Fiscal year 2017 • EIN 51-0325362

Jan 01, 2017 to Dec 31, 2017 • Filed on May 24, 2018

5 Essex DriveBear, DE 19701-1602

(302) 834-1369

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.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Liabilities / Revenue

21st percentile

0.07x

Higher debt load relative to revenue than 21% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Net Margin

20th percentile

-5.9%

Higher net margin than 20% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Top Officer Pay

13th percentile

$15,000

Higher top officer pay than 13% of similar nonprofits.

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

2017 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2017

Asset Growth

31st percentile

-0.1%

Faster asset growth than 31% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Revenue Growth

39th percentile

1.4%

Faster revenue growth than 39% of similar nonprofits.

2017 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2016 to 2017

Assets

Down

$11,473,066

Down $8,100 (-0.1%) from 2016

Net Assets

Down

$11,450,346

Down $17,879 (-0.2%) from 2016

Liabilities

Up

$22,720

Up $9,779 (+76%) from 2016

Revenue

Up

$342,318

Up $4,842 (+1.4%) from 2016

Expenses

Up

$362,498

Up $27,380 (+8.2%) from 2016

Net Income

Down

-$20,180

Down $22,538 (-956%) from 2016

Historical Trend

Balance Sheet Trend

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

$30M$20M$10M$0Assets 2010: $10,408,788Liabilities 2010: $68,741Net Assets 2010: $10,340,0472010Assets 2011: $10,320,121Liabilities 2011: $8,404Net Assets 2011: $10,311,7172011Assets 2012: $10,337,579Liabilities 2012: $10,801Net Assets 2012: $10,326,7782012Assets 2013: $11,135,048Liabilities 2013: $8,783Net Assets 2013: $11,126,2652013Assets 2014: $11,486,867Liabilities 2014: $98,495Net Assets 2014: $11,388,3722014Assets 2015: $11,478,989Liabilities 2015: $14,703Net Assets 2015: $11,464,2862015Assets 2016: $11,481,166Liabilities 2016: $12,941Net Assets 2016: $11,468,2252016Assets 2017: $11,473,066Liabilities 2017: $22,720Net Assets 2017: $11,450,3462017Assets 2018: $11,435,919Liabilities 2018: $6,086Net Assets 2018: $11,429,8332018Assets 2019: $12,129,094Liabilities 2019: $18,075Net Assets 2019: $12,111,0192019Assets 2020: $12,136,126Liabilities 2020: $16,076Net Assets 2020: $12,120,0502020Assets 2021: $14,286,829Liabilities 2021: $95,584Net Assets 2021: $14,191,2452021Assets 2022: $16,349,627Liabilities 2022: $187,061Net Assets 2022: $16,162,5662022Assets 2023: $18,268,237Liabilities 2023: $272,556Net Assets 2023: $17,995,6812023Assets 2024: $20,957,072Liabilities 2024: $707,583Net Assets 2024: $20,249,4892024

Highlighted filing

2017

Assets$11,473,066
Liabilities$22,720
Net Assets$11,450,346

Operations Trend

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

$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $346,7342010Expenses 2011: $339,6462011Expenses 2012: $294,8492012Revenue 2013: $1,138,775Expenses 2013: $340,809Net Income 2013: $797,9662013Revenue 2014: $604,691Expenses 2014: $339,391Net Income 2014: $265,3002014Revenue 2015: $397,924Expenses 2015: $324,611Net Income 2015: $73,3132015Revenue 2016: $337,476Expenses 2016: $335,118Net Income 2016: $2,3582016Revenue 2017: $342,318Expenses 2017: $362,498Net Income 2017: -$20,1802017Revenue 2018: $356,533Expenses 2018: $376,504Net Income 2018: -$19,9712018Revenue 2019: $1,078,724Expenses 2019: $405,928Net Income 2019: $672,7962019Revenue 2020: $253,912Expenses 2020: $255,278Net Income 2020: -$1,3662020Revenue 2021: $2,295,807Expenses 2021: $257,232Net Income 2021: $2,038,5752021Revenue 2022: $2,278,636Expenses 2022: $288,532Net Income 2022: $1,990,1042022Revenue 2023: $2,185,377Expenses 2023: $374,413Net Income 2023: $1,810,9642023Revenue 2024: $2,637,712Expenses 2024: $398,292Net Income 2024: $2,239,4202024

Highlighted filing

2017

Revenue$342,318
Expenses$362,498
Net Income-$20,180
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
May 24, 2018
Return Version
2017v2.2
Gross Receipts
$342,318
Mission and Program Overview

Mission

To inspire and educate the people of the delaware valley and the surrounding area in learning about science, space, technology, engineering, earth's environment, and mathematics (stem) through the use of academies, educational programs, professional development, special events and our many donated resources. Dasef strives to improve the quality of life through its advocacy of stem education, the environment, and strengthening the workforce.

To educate de valley residents about earth's environment, space science, mathematics & technology.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$11,121,831$11,165,847▲ $44,016
Savings and Temporary Cash Investments$259,589$193,528▼ $66,061
Cash and Non-Interest-Bearing Accounts$80,350$85,879▲ $5,529
Investments in Publicly Traded Securities$3,017$9,132▲ $6,115
Total Assets$11,481,166$11,473,066▼ $8,100
Other Assets Total$16,379$18,680▲ $2,301
Liabilities
Accounts Payable and Accrued Expenses$12,941$22,720▲ $9,779
Total Liabilities$12,941$22,720▲ $9,779
Net Assets / Fund Balance
Unrestricted Net Assets$11,436,021$11,396,666▼ $39,355
Temporarily Rstr Net Assets$32,204$53,680▲ $21,476
Total Net Assets Fund Balance$11,468,225$11,450,346▼ $17,879
Total Liabilities and Net Assets / Fund Balance$11,481,166$11,473,066▼ $8,100

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$10,462,755$418,781$10,881,536
Other Land Buildings$686,480$209,902$896,382
Equipment$16,612$250,955$267,567
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Stephanie Mgwright EddPresid./CEO (see Sch O)PT$15,000$15,000
Brian H WrightTreasurer/financial ManagePT$7,000$7,000
Smsgt Bryan FordBoard Member (see Sch O)-$755$755
Lt Col Teresa a ConnorBoard Member (see Sch O)-$700$700

Board Members and Trustees

NameTitle
Gary P BellChairperson
Anthony W LorussoBoard Member
Charlie MichelsBoard Member
Marc W ShefflerBoard Member
Mitchell D HouserBoard Member
Philip M SpampinatoBoard Member
Robert W BloomBoard Member
William O MccabeBoard Member
Jean M KraeuterSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$167,628
Program Service Revenue
$162,986
Investment Income
$247
Other Revenue
$11,457
All Other Contributions
$108,020
Change in Net Assets
$-20,180

Audited Revenue Reconciliation

Revenue per Audited Statements
$342,318
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$41,682
Total Revenue per Audited Statements
$384,000
Total Revenue per Form 990
$342,318
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$232,880
Salaries, Compensation, and Employee Benefits$118,168
Grants and Similar Amounts Paid$11,450
Total Fundraising Expense$4,635
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$82,362$4,859$1,121$88,342
Depreciation Depletion$76,075$8,453-$84,528
Occupancy$30,182--$30,182
Payroll Taxes$27,806$1,641$379$29,826
Insurance$21,545$2,394-$23,939
All Other Expenses$8,711$3,387-$12,098
Grants to Domestic Individuals$11,450--$11,450
Fees for Services Other-$7,875$3,135$11,010
Other Expenses$6,252$4,580-$10,832
Advertising$10,355--$10,355
Conferences and Meetings$1,713--$1,713
Total Functional Expenses$324,674$33,189$4,635$362,498

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$401,879
Expenses per Audited Statements$362,498
Total Expenses per Form 990$362,498
Expenses Not Reported on Form 990$39,381
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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 A, Line 2

Relationship among board members dr. Stephanie m. G. Wright and brian wright have a family relationship.

Form 990, Part VI, Section B, Line 11B

Governing body review of form 990 prior to filing with the irs, a copy of form 990 is provided to the finance committee for review. The committee members may comment on any proposed changes or suggestions to management.

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

Monitoring and enforcement of conflicts policy any member of the board of directors or management who has a financial, personal, or official interest in or conflict (or appearance of conflict) with any matter pending before the board, of such nature that it prevents or may prevent that member from acting on the matter in an impartial manner, will offer to voluntarily excuse him/herself and will refrain from discussion and/or voting on said item or issue.

Form 990, Part VI, Section C, Line 19

Public availability of other documents form 990 is posted on www.guidestar.org. Governing documents and financial statements are available to the public upon written request.

Form 990, Part VII, Compensation to Officer and Board Members

All salaries paid to officers and board members are for program related activities: [1] stephanie m. G. Wright (president and ceo) is paid for managing all programs of dasef; [2] brian h. Wright (board member and financial manager) is paid for assisting with program operations and maintaining the books of dasef; [3] teresa a. Connor (board member) is paid to teach at the delaware aerospace academy. [4] msgt bryan ford (board member) is paid to teach at the delaware aerospace academy.

Filing and Contact Details

Filer

Filer Name
Delaware Aerospace Education Foundation
EIN
51-0325362
Phone
3028341369
Address
5 ESSEX DRIVE, BEAR, DE 19701-1602

Signing Officer

Name
Stephanie M G Wright
Title
President and CEO
Phone
3028341369
Signed
2018-05-24
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Stephanie M G Wright
Formed
1990
Legal Domicile
De
Voting Board Members
13
Independent Board Members
12
Employees
50
Volunteers
80

Preparer

Firm
Bbd Llp
Address
1835 MARKET STREET 3RD FLOOR, PHILADELPHIA, PA 19103
Preparer
Jennifer Solot
Phone
2155677770
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

Increase in beneficial interest in net assets held by community foundation 2,301.

Financial Statement Notes

PART X, LINE 2:

Uncertain tax position under asc 740 gaap requires entities to evaluate, measure, recognize and disclose any uncertain income tax positions taken on their tax returns. Gaap prescribes a minimum threshold that a tax position is required to meet in order to be recognized in the financial statements. The organization believes that it had no uncertain tax positions as defined in gaap.

PART XI, LINE 2D - OTHER ADJUSTMENTS:

Increase in beneficial interest in net assets held by community foundation 2,301.

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IRS990/Desc0PROVIDES INNOVATIVE AND CHALLENGING EDUCATIONAL EXPERIENCES THROUGH ITS SPONSORSHIP OF THE DELAWARE AEROSPACE ACADEMY, ROCKETS FOR SCIENCE PROGRAM, LAUNCHING A DREAM PROGRAM AND OTHER PROGRAMS TO YOUNG PEOPLE AND TEACHERS IN THE STATE OF DELAWARE. DASEF IS IN THE MIDST OF A CAPITAL CAMPAIGN TO CONSTRUCT A UNIQUE FACILITY IN KENT COUNTY, DELAWARE THAT WILL EMBODY RESPONSIBLE USE OF TECHNOLOGY, ALONG WITH A STEWARDSHIP OF OUR PLANET AND ITS RESOURCES. AS OF DECEMBER 31, 2017, $10,881,536 HAS BEEN CAPITALIZED INTO THE PROJECT OF WHICH $9,072,829 IS CONSTRUCTION-IN-PROCESS AND $1,808,707 RELATED TO THE ENVIRONMENTAL OUTPOST AND VARIOUS INFRASTRUCTURE WHICH HAS BEEN PLACED INTO SERVICE.
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IRS990/LandBldgEquipAccumDeprecAmt0879638
IRS990/LandBldgEquipBasisNetGrp/BOYAmt011121831
IRS990/LandBldgEquipBasisNetGrp/EOYAmt011165847
IRS990/LandBldgEquipCostOrOtherBssAmt012045485
IRS990/LegalDomicileStateCd0DE
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO INSPIRE & EDUCATE THE PEOPLE OF DELAWARE AND THE SURROUNDING AREA IN LEARNING ABOUT THE EARTH'S ENVIRONMENT, SPACE SCIENCE, MATHEMATICS & TECHNOLOGY THROUGH THE USE OF ACADEMIES, PRESENTATIONS, SYMPOSIUMS, PROFESSIONAL DEVELOPMENT, EVENTS & ACTIVITIES & THE RESOURCES OF THE ORGANIZATION'S EDUCATIONAL & RECREATIONAL FACILITIES.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt011468225
IRS990/NetAssetsOrFundBalancesEOYAmt011450346
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NoncashContributionsAmt015954
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt030182
IRS990/OccupancyGrp/TotalAmt030182
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt016379
IRS990/OtherAssetsTotalGrp/EOYAmt018680
IRS990/OtherChangesInNetAssetsAmt02301
IRS990/OtherExpensesGrp/Desc0ACADEMY FACILITIY EXPEN
IRS990/OtherExpensesGrp/Desc1REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc2PROGRAM SUPPLIES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt04580
IRS990/OtherExpensesGrp/ProgramServicesAmt019745
IRS990/OtherExpensesGrp/ProgramServicesAmt115490
IRS990/OtherExpensesGrp/ProgramServicesAmt212988
IRS990/OtherExpensesGrp/ProgramServicesAmt36252
IRS990/OtherExpensesGrp/TotalAmt019745
IRS990/OtherExpensesGrp/TotalAmt115490
IRS990/OtherExpensesGrp/TotalAmt212988
IRS990/OtherExpensesGrp/TotalAmt310832
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt011457
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt011457
IRS990/OtherRevenueTotalAmt011457
IRS990/OtherSalariesAndWagesGrp/FundraisingAmt01121
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04859
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt082362
IRS990/OtherSalariesAndWagesGrp/TotalAmt088342
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/FundraisingAmt0379
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt01641
IRS990/PayrollTaxesGrp/ProgramServicesAmt027806
IRS990/PayrollTaxesGrp/TotalAmt029826
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0STEPHANIE M G WRIGHT
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0TUITION
IRS990/ProgramServiceRevenueGrp/Desc1EDUCATION PROGRAMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0160274
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12712
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0160274
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12712
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0191852
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt08805
IRS990/PYInvestmentIncomeAmt0147
IRS990/PYOtherExpensesAmt0211679
IRS990/PYOtherRevenueAmt010979
IRS990/PYProgramServiceRevenueAmt0134498
IRS990/PYRevenuesLessExpensesAmt02358
IRS990/PYSalariesCompEmpBnftPaidAmt0114634
IRS990/PYTotalExpensesAmt0335118
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0337476
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-20180
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd00
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0162986
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0259589
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0193528
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0167628
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0191852
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0255201
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0456844
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0979180
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02050705
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearAmt03000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus1YearAmt03000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus2YearsAmt03000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus3YearsAmt03000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/CurrentTaxYearMinus4YearsAmt03000
IRS990ScheduleA/GovtFurnSrvcFcltsVl170Grp/TotalAmt015000
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0247
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0147
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0209
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt086
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0286
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0975
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0737120
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearAmt011457
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus1YearAmt010979
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus2YearsAmt08358
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus3YearsAmt01080
IRS990ScheduleA/OtherIncome170Grp/CurrentTaxYearMinus4YearsAmt0510
IRS990ScheduleA/OtherIncome170Grp/TotalAmt032384
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.94630
IRS990ScheduleA/PublicSupportPY170Pct00.94980
IRS990ScheduleA/PublicSupportTotal170Amt01986327
IRS990ScheduleA/SubstantialContributorsTotAmt079378
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0170628
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0194852
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0258201
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0459844
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0982180
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02065705
IRS990ScheduleA/TotalSupportAmt02099064
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/BuildingsGrp/BookValueAmt010462755
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0418781
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt010881536
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt039381
IRS990ScheduleD/DonatedServicesUseFcltsAmt039381
IRS990ScheduleD/EquipmentGrp/BookValueAmt016612
IRS990ScheduleD/EquipmentGrp/DepreciationAmt0250955
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0267567
IRS990ScheduleD/ExpensesNotReportedAmt039381
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0362498
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0686480
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt0209902
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0896382
IRS990ScheduleD/OtherRevenueAmt02301
IRS990ScheduleD/RevenueNotReportedAmt041682
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0342318
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0UNCERTAIN TAX POSITION UNDER ASC 740 GAAP REQUIRES ENTITIES TO EVALUATE, MEASURE, RECOGNIZE AND DISCLOSE ANY UNCERTAIN INCOME TAX POSITIONS TAKEN ON THEIR TAX RETURNS. GAAP PRESCRIBES A MINIMUM THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS AS DEFINED IN GAAP.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1INCREASE IN BENEFICIAL INTEREST IN NET ASSETS HELD BY COMMUNITY FOUNDATION 2,301.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt011165847
IRS990ScheduleD/TotalExpensesPerForm990Amt0362498
IRS990ScheduleD/TotalRevenuePerForm990Amt0342318
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0384000
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0401879
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/CashGrantAmt011450
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/GrantTypeTxt0SCHOLARSHIPS TO CHILDREN WITH FINANCIAL NEEDS
IRS990ScheduleI/GrantsOtherAsstToIndivInUSGrp/RecipientCnt051
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0GRANT FUNDS ARE RECEIVED DIRECTLY BY DASEF AND AWARDED TO PARTICIPANTS IN THE DELAWARE AEROSPACE ACADEMY BY THE CEO BASED UPON FINANCIAL NEEDS OR DONOR RESTRICTIONS.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RELATIONSHIP AMONG BOARD MEMBERS DR. STEPHANIE M. G. WRIGHT AND BRIAN WRIGHT HAVE A FAMILY RELATIONSHIP.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1GOVERNING BODY REVIEW OF FORM 990 PRIOR TO FILING WITH THE IRS, A COPY OF FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW. THE COMMITTEE MEMBERS MAY COMMENT ON ANY PROPOSED CHANGES OR SUGGESTIONS TO MANAGEMENT.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2MONITORING AND ENFORCEMENT OF CONFLICTS POLICY ANY MEMBER OF THE BOARD OF DIRECTORS OR MANAGEMENT WHO HAS A FINANCIAL, PERSONAL, OR OFFICIAL INTEREST IN OR CONFLICT (OR APPEARANCE OF CONFLICT) WITH ANY MATTER PENDING BEFORE THE BOARD, OF SUCH NATURE THAT IT PREVENTS OR MAY PREVENT THAT MEMBER FROM ACTING ON THE MATTER IN AN IMPARTIAL MANNER, WILL OFFER TO VOLUNTARILY EXCUSE HIM/HERSELF AND WILL REFRAIN FROM DISCUSSION AND/OR VOTING ON SAID ITEM OR ISSUE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3PUBLIC AVAILABILITY OF OTHER DOCUMENTS FORM 990 IS POSTED ON WWW.GUIDESTAR.ORG. GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4INCREASE IN BENEFICIAL INTEREST IN NET ASSETS HELD BY COMMUNITY FOUNDATION 2,301.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5ALL SALARIES PAID TO OFFICERS AND BOARD MEMBERS ARE FOR PROGRAM RELATED ACTIVITIES: [1] STEPHANIE M. G. WRIGHT (PRESIDENT AND CEO) IS PAID FOR MANAGING ALL PROGRAMS OF DASEF; [2] BRIAN H. WRIGHT (BOARD MEMBER AND FINANCIAL MANAGER) IS PAID FOR ASSISTING WITH PROGRAM OPERATIONS AND MAINTAINING THE BOOKS OF DASEF; [3] TERESA A. CONNOR (BOARD MEMBER) IS PAID TO TEACH AT THE DELAWARE AEROSPACE ACADEMY. [4] MSGT BRYAN FORD (BOARD MEMBER) IS PAID TO TEACH AT THE DELAWARE AEROSPACE ACADEMY.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART XI, LINE 9:
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VII, COMPENSATION TO OFFICER AND BOARD MEMBERS
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToProxyTaxInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TemporarilyRstrNetAssetsGrp/BOYAmt032204
IRS990/TemporarilyRstrNetAssetsGrp/EOYAmt053680
IRS990/TempOrPermanentEndowmentsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt011481166

Document Assets

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Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$21.0$0.71$20.2$2.64$0.40$2.24
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$18.3$0.27$18.0$2.19$0.37$1.81
2022Detailed filing. Detailed filing data is available for this year.$16.3$0.19$16.2$2.28$0.29$1.99
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$14.3$0.10$14.2$2.30$0.26$2.04
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$12.1$0.02$12.1$0.25$0.26$0.00
2019Detailed filing. Detailed filing data is available for this year.$12.1$0.02$12.1$1.08$0.41$0.67
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.4$0.01$11.4$0.36$0.38$0.02
2017Detailed filing. Detailed filing data is available for this year.$11.5$0.02$11.5$0.34$0.36$0.02
2016Detailed filing. Detailed filing data is available for this year.$11.5$0.01$11.5$0.34$0.34$0.00
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$11.5$0.01$11.5$0.40$0.32$0.07
2014Detailed filing. Detailed filing data is available for this year.$11.5$0.10$11.4$0.60$0.34$0.27
2013Detailed filing. Detailed filing data is available for this year.$11.1$0.01$11.1$1.14$0.34$0.80
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$0.01$10.3$0.29
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.3$0.01$10.3$0.34
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$10.4$0.07$10.3$0.35