Civic Intelligence

Unidel Foundation Inc

EIN 51-6015046 • 501(c)3 • Greenville, DE

3801 Kennett Pike 303CGreenville, DE 19807
Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

8th percentile

0.01x

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

501(c)3 • $250M-$1B nonprofits • Source year 2025

Liabilities / Revenue

12th percentile

0.10x

Higher debt load relative to revenue than 12% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Net Margin

98th percentile

78%

Higher net margin than 98% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Top Officer Pay

4th percentile

$123,205

Higher top officer pay than 4% of similar nonprofits.

Top officer pay equals 0.2% of source-year revenue.

501(c)3 • $250M-$1B nonprofits • Source year 2025

Asset Growth

79th percentile

14%

Faster asset growth than 79% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Revenue Growth

94th percentile

86%

Faster revenue growth than 94% of similar nonprofits.

501(c)3 • $250M-$1B nonprofits • Annualized from 2024 to 2025

Assets

Up

$484,759,713

Up $72,214,462 (+18%) from 2023

Liabilities

Up

$8,986,794

Up $5,094,254 (+131%) from 2023

Net Assets

Up

$475,772,919

Up $67,120,208 (+16%) from 2023

Revenue

Up

$43,560,123

Up $28,950,968 (+198%) from 2023

Expenses

Up

$18,631,791

Up $5,374,101 (+41%) from 2023

Net Income

Up

$24,928,332

Up $23,576,867 (+1745%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$600M$400M$200M$0Assets 2011: $216,329,789Liabilities 2011: $12,497,947Net Assets 2011: $203,831,8422011Assets 2012: $243,385,590Liabilities 2012: $10,429,875Net Assets 2012: $232,955,7152012Assets 2013: $277,741,719Liabilities 2013: $2,216,646Net Assets 2013: $275,525,0732013Assets 2014: $292,121,654Liabilities 2014: $4,732,546Net Assets 2014: $287,389,1082014Assets 2015: $271,669,426Liabilities 2015: $4,745,873Net Assets 2015: $266,923,5532015Assets 2016: $282,884,238Liabilities 2016: $4,164,653Net Assets 2016: $278,719,5852016Assets 2017: $323,870,170Liabilities 2017: $5,047,424Net Assets 2017: $318,822,7462017Assets 2018: $285,017,944Liabilities 2018: $3,412,294Net Assets 2018: $281,605,6502018Assets 2019: $344,757,542Liabilities 2019: $2,349,240Net Assets 2019: $342,408,3022019Assets 2020: $383,757,131Liabilities 2020: $5,535,879Net Assets 2020: $378,221,2522020Assets 2021: $452,249,782Liabilities 2021: $8,136,927Net Assets 2021: $444,112,8552021Assets 2022: $344,039,022Liabilities 2022: $6,554,223Net Assets 2022: $337,484,7992022Assets 2023: $412,545,251Liabilities 2023: $3,892,540Net Assets 2023: $408,652,7112023Assets 2024: $484,759,713Liabilities 2024: $8,986,794Net Assets 2024: $475,772,9192024

Highlighted filing

2024

Assets$484,759,713
Liabilities$8,986,794
Net Assets$475,772,919

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$60M$40M$20M$0-$20MRevenue 2011: $10,912,149Expenses 2011: $7,427,286Net Income 2011: $3,484,8632011Revenue 2012: $22,038,308Expenses 2012: $8,310,715Net Income 2012: $13,727,5932012Revenue 2013: $24,588,769Expenses 2013: $13,142,967Net Income 2013: $11,445,8022013Revenue 2014: $35,657,555Expenses 2014: $10,600,783Net Income 2014: $25,056,7722014Revenue 2015: $24,894,446Expenses 2015: $11,188,262Net Income 2015: $13,706,1842015Revenue 2016: $1,077,513Expenses 2016: $12,480,343Net Income 2016: -$11,402,8302016Revenue 2017: $22,889,042Expenses 2017: $12,385,117Net Income 2017: $10,503,9252017Revenue 2018: $34,502,139Expenses 2018: $12,814,397Net Income 2018: $21,687,7422018Revenue 2019: $11,696,276Expenses 2019: $11,644,887Net Income 2019: $51,3892019Revenue 2020: $19,603,643Expenses 2020: $14,853,396Net Income 2020: $4,750,2472020Revenue 2021: $36,851,681Expenses 2021: $17,559,304Net Income 2021: $19,292,3772021Revenue 2022: $18,814,889Expenses 2022: $15,755,586Net Income 2022: $3,059,3032022Revenue 2023: $14,609,155Expenses 2023: $13,257,690Net Income 2023: $1,351,4652023Revenue 2024: $43,560,123Expenses 2024: $18,631,791Net Income 2024: $24,928,3322024

Highlighted filing

2024

Revenue$43,560,123
Expenses$18,631,791
Net Income$24,928,332

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$485$8.99$476$43.6$18.6$24.9
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$413$3.89$409$14.6$13.3$1.35
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$344$6.55$337$18.8$15.8$3.06
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$452$8.14$444$36.9$17.6$19.3
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$384$5.54$378$19.6$14.9$4.75
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$345$2.35$342$11.7$11.6$0.05
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$285$3.41$282$34.5$12.8$21.7
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$324$5.05$319$22.9$12.4$10.5
2016XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$283$4.16$279$1.08$12.5$11.4
2015Summary only. Only limited summary data is available for this year.$272$4.75$267$24.9$11.2$13.7
2014Summary only. Only limited summary data is available for this year.$292$4.73$287$35.7$10.6$25.1
2013Summary only. Only limited summary data is available for this year.$278$2.22$276$24.6$13.1$11.4
2012Summary only. Only limited summary data is available for this year.$243$10.4$233$22.0$8.31$13.7
2011Summary only. Only limited summary data is available for this year.$216$12.5$204$10.9$7.43$3.48
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 17, 2025
Return Version
2024v5.1
Gross Receipts
$96,491,376
Mission and Program Overview

Mission

Unidel foundation was founded in 1939 by miss amy du pont in honor of her father eugene du pont. The foundation's primary mission is to promote the university of delaware by making targeted grants.

Promoting the university of delaware by making targeted grants.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$334,772,830$411,300,708▲ $76,527,878
Investments Other Securities$67,888,489$63,896,767▼ $3,991,722
Savings and Temporary Cash Investments$9,227,434$8,874,724▼ $352,710
Cash and Non-Interest-Bearing Accounts$579,331$584,877▲ $5,546
Total Assets$412,545,251$484,759,713▲ $72,214,462
Other Assets Total$77,167$102,637▲ $25,470
Liabilities
Grants Payable$3,579,609$8,595,467▲ $5,015,858
Accounts Payable and Accrued Expenses$312,931$391,327▲ $78,396
Total Liabilities$3,892,540$8,986,794▲ $5,094,254
Net Assets / Fund Balance
Net Assets With Donor Restrictions$410,206,297$481,929,124▲ $71,722,827
Net Assets Without Donor Restrictions$-1,553,586$-6,156,205▼ $4,602,619
Total Net Assets Fund Balance$408,652,711$475,772,919▲ $67,120,208
Total Liabilities and Net Assets / Fund Balance$412,545,251$484,759,713▲ $72,214,462

Asset Categories

AssetBook ValueDepreciationBasis
Other Securities$45,835,629--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2024$411,888,213-▲ $84,155,381-$484,072,199
2023$343,394,865-▲ $83,180,007-$411,888,213
2022$451,684,025-▼ $91,883,277-$343,394,865
2021$383,147,505-▲ $82,112,874-$451,684,025
2020$344,287,263-▲ $49,547,436-$383,147,505
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Margaret BottorffSecretary-treasurerPT$122,906$122,906

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Eagle Capital Management LLCInvestment Management499 PARK AVE 17, New York, NY 10022$1,504,624
Fund Evaluation GroupInvestment Advisory201 E 5TH STREET SUITE 1600, Cincinnati, OH 45208$180,000
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$0
Investment Income
$43,559,972
Other Revenue
$151
Change in Net Assets
$24,928,332

Audited Revenue Reconciliation

Revenue per Audited Statements
$41,963,505
Revenue Not Reported on Financial Statements
$1,596,618
Revenue Not Reported on Form 990
$42,191,876
Total Revenue per Audited Statements
$84,155,381
Total Revenue per Form 990
$43,560,123
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$16,595,467
Other Expenses$1,852,239
Salaries, Compensation, and Employee Benefits$184,085
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$16,595,467--$16,595,467
Fees for Service Investment Mgmnt Fees-$1,596,618-$1,596,618
Fees for Services Other-$180,000-$180,000
Current Officers, Directors, Trustees, and Key Employees$61,453$61,453-$122,906
Other Salaries and Wages$24,049$24,048-$48,097
Occupancy-$32,917-$32,917
Fees for Services Accounting-$28,700-$28,700
Payroll Taxes$6,541$6,541-$13,082
Office Expenses-$8,035-$8,035
Insurance-$2,483-$2,483
Other Expenses-$681-$681
Total Functional Expenses$16,687,510$1,944,281$0$18,631,791

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Form 990$18,631,791
Expenses per Audited Statements$17,035,173
Total Expenses per Audited Statements$17,035,173
Expenses Not Reported on Financial Statements$1,596,618
Expenses Not Reported on Form 990$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
University of DelawareNewark, DE501(c)(3)Support of Higher Education in Delaware.$11,579,609
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
Backup withholding compliance
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
Yes
Other officer compensation reviewed
Yes
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 versions of the form 990 are distributed to all board members for approval prior to filing.

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

Unidel has no connections or ties with organizations in which its trustees or employees have a financial interest. The university of delaware has been the only beneficiary of unidel's grants.

Form 990, Part VI, Section B, Line 15

Unidel's trustees are all independent of both the secretary / treasurer and the office manager (unidel's only paid employees). Annually, the trustees will make compensation decisions for unidel employees by approving the annual budget. The secretary / treasurer recommends the compensation of the office manager. Votes are formally documented in the meeting minutes. The trustees' decisions are based on their assessment of employee performance and knowledge and experience with compensation practices of other comparable organizations.

Form 990, Part VI, Section C, Line 19

While it is unidel's understanding that there currently exists no legal requirement to make governing documents, conflict of interest policies or audited financial statements publicly available, the matter has not been considered, because unidel has not received a request for information of this type. If such requests should be received, they will be evaluated by the trustees on a case-by-case basis. In general, the trustees believe that the information contained in form 990 is sufficient to meet the interests of transparency, and therefore sufficient to respond to most legitimate inquiries.

Filing and Contact Details

Filer

Filer Name
Unidel Foundation Inc
EIN
51-6015046
Phone
3026587691
Address
3801 KENNETT PIKE 303C, GREENVILLE, DE 19807

Signing Officer

Name
Margaret Bottorff
Title
Secretary/treasurer
Phone
3026587691
Signed
2025-04-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Margaret Bottorff
Formed
1939
Legal Domicile
De
Voting Board Members
5
Independent Board Members
5
Employees
3
Volunteers
5

Preparer

Firm
Bonadio & Co Llp
Address
2711 CENTERVILLE ROAD SUITE 100, WILMINGTON, DE 19808
Preparer
Peter S Kennedy CPA
Phone
3026566632
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The board of trustees assumes responsibility for oversight of the financial statement audit and the selection of independent auditors.

Financial Statement Notes

PART V, LINE 4:

Unidel's endowment generates the funds used for grants to the university of delaware in accordance with the terms of unidel's founding documents.

Raw XML AppendixShowing 400 of 565 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
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IRS990/MissionDesc0UNIDEL FOUNDATION WAS FOUNDED IN 1939 BY MISS AMY DU PONT IN HONOR OF HER FATHER EUGENE DU PONT. THE FOUNDATION'S PRIMARY MISSION IS TO PROMOTE THE UNIVERSITY OF DELAWARE BY MAKING TARGETED GRANTS.
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IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE UNIDEL TRUSTEES TYPICALLY HAVE SOME PERSONAL RELATIONSHIP WITH THE UNIVERSITY. OF THE FIVE CURRENT TRUSTEES; ONE IS A TRUSTEE OF THE UNIVERSITY; AND TWO OTHERS ARE ALUMNI. TRUSTEES ARE PROVIDED WITH REGULAR INFORMATION ON ACTIVITY AT THE UNIVERSITY AND HAVE DIRECT COMMUNICATIONS WITH, AND VISITS TO, THE UNIVERSITY. THE SECRETARY/TREASURER OF UNIDEL IS A FORMER ASSOCIATE PROVOST OF THE UNIVERSITY. SHE MEETS REGULARLY WITH MEMBERS OF THE UNIVERSITY'S ADMINISTRATION TO EXCHANGE INFORMATION INTENDED TO HELP KEEP THE UNIVERSITY AND UNIDEL AWARE OF PRIORITIES AND ISSUES OF MUTUAL INTEREST.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1UNIDEL FOUNDATION, INC. (UNIDEL) WAS FUNDED UPON THE DEATH OF MISS AMY DU PONT IN 1963 WITH ASSETS BEQUEATHED IN MISS DU PONT'S WILL. SINCE THAT TIME, UNIDEL EACH YEAR HAS MADE GRANTS TO THE UNIVERSITY OF DELAWARE (THE UNIVERSITY) AND ONLY TO THE UNIVERSITY. IN ORDER TO INSURE THAT SUCH GRANTS MEET THE NEEDS OF THE UNIVERSITY, UNIDEL ASKS THE UNIVERSITY ANNUALLY TO PROVIDE A LIST OF GRANTS WHICH IT WOULD LIKE UNIDEL TO MAKE, ARRANGED IN THE ORDER OF THE UNIVERSITY'S DEEMED PRIORITY FOR EACH GRANT. THE UNIDEL TRUSTEES MEET WITH, TYPICALLY, THE UNIVERSITY'S PRESIDENT AND PROVOST TO DISCUSS THESE GRANTS AND THEN DECIDE WHICH GRANTS FROM THE LIST WILL BE FUNDED, PLACING HIGH EMPHASIS TO THE UNIVERSITY'S STATED PRIORITY.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SECTION D; LINE 2
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1SECTION D; LINE 3
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