Civic Intelligence

The Desca Foundation

990 • Fiscal year 2021 • EIN 90-1140936

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 10, 2022

P O Box 1448Hockessin, DE 19707

(302) 233-8034

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Liabilities / Revenue

56th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Net Margin

17th percentile

-25%

Higher net margin than 17% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Top Officer Pay

96th percentile

$70,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 53.0% of source-year revenue.

2021 filings • 501(c)3 • <$500k nonprofits • Source year 2021

Asset Growth

5th percentile

-68%

Faster asset growth than 5% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Revenue Growth

23rd percentile

-35%

Faster revenue growth than 23% of similar nonprofits.

2021 filings • 501(c)3 • <$500k nonprofits • Annualized from 2020 to 2021

Assets

Down

$56,853

Down $120,025 (-68%) from 2020

Net Assets

Down

$56,853

Down $32,525 (-36%) from 2020

Liabilities

Down

$0

Down $87,500 (-100%) from 2020

Revenue

Down

$132,158

Down $70,470 (-35%) from 2020

Expenses

Down

$164,683

Down $48,205 (-23%) from 2020

Net Income

Down

-$32,525

Down $22,265 (-217%) from 2020

Historical Trend

Balance Sheet Trend

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

$600K$400K$200K$0-$200KAssets 2017: $48,479Liabilities 2017: $02017Assets 2020: $176,878Liabilities 2020: $87,500Net Assets 2020: $89,3782020Assets 2021: $56,853Liabilities 2021: $0Net Assets 2021: $56,8532021Assets 2022: $38,979Liabilities 2022: $0Net Assets 2022: $38,9792022Assets 2023: $8,123Liabilities 2023: $21,453Net Assets 2023: -$13,3302023Assets 2024: $494,615Liabilities 2024: $49,807Net Assets 2024: $444,8082024

Highlighted filing

2021

Assets$56,853
Liabilities$0
Net Assets$56,853

Operations Trend

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

$600K$400K$200K$0-$200KRevenue 2017: $15,000Expenses 2017: $9Net Income 2017: $14,9912017Revenue 2020: $202,628Expenses 2020: $212,888Net Income 2020: -$10,2602020Revenue 2021: $132,158Expenses 2021: $164,683Net Income 2021: -$32,5252021Revenue 2022: $105,306Expenses 2022: $123,180Net Income 2022: -$17,8742022Revenue 2023: $37,000Expenses 2023: $89,309Net Income 2023: -$52,3092023Revenue 2024: $540,795Expenses 2024: $122,655Net Income 2024: $418,1402024

Highlighted filing

2021

Revenue$132,158
Expenses$164,683
Net Income-$32,525
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 10, 2022
Return Version
2021v4.0
Gross Receipts
$132,158
Mission and Program Overview

Mission

The desca programs help innovators and technologists plug into delaware's innovation ecosystem by connecting them to resources, mentors and funding/strategic partners to help speed the commercialization of their products.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$176,878$56,853▼ $120,025
Total Assets$176,878$56,853▼ $120,025
Liabilities
Deferred Revenue$87,500--
Total Liabilities$87,500$0▼ $87,500
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$89,378$56,853▼ $32,525
Total Net Assets Fund Balance$89,378$56,853▼ $32,525
Total Liabilities and Net Assets / Fund Balance$176,878$56,853▼ $120,025
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Dora CheathamExecutive DiFT$70,000$70,000

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$102,500
Program Service Revenue
$29,658
Investment Income
$0
Other Revenue
$0
All Other Contributions
$102,500
Change in Net Assets
$-32,525
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$130,578
Other Expenses$34,105
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$115,000-$115,000
Conferences and Meetings$19,171--$19,171
Payroll Taxes-$8,798-$8,798
Other Employee Benefits-$6,780-$6,780
Office Expenses-$5,528-$5,528
Fees for Services Other$613$3,334-$3,947
Advertising-$3,940-$3,940
Insurance-$1,519-$1,519
Total Functional Expenses$19,784$144,899$0$164,683
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
Backup withholding compliance
No
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
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 7A

Members are elected then their respective information is passed to the board of directors and executive director. The new member is then approved.

Form 990, Page 6, Part VI, Line 7B

At the monthly meetings the previous meetings are approved by a majority of the board. The monthly financials are approved by a majority of the board.

Form 990, Page 6, Part VI, Line 9

Bryan tracy 239 lisa drive new castle, de 19720 barbara dehaven 550 south college avenue newark, de 19713 dora cheatham 104 grand oaks drive dover, de 19901 jeffrey politis 2321 woodland land wilmington, de 19810 roger r. Strickland 20 hurst road wilmington, de 19803 mark d. Kuller 102 carrage way wilmington, de 19803 natalia quiroz 331 delaware circle newark, de 19711 ellinor carlson 500 hercules road wilmington, de 19808 yati waghray 7 rivendall court hockessin, de 19707 erica nemser 1 innovation way newark, de 19711 melinda burn 205 barberry drive wilmington, de 19808 julius korley 449 spring hollow drive middletown, de 19709 erica crell 222 hawthorne lane wilmington, de 19803 eric steinman 113 west park place newark, de 19711 janet e. Reed 1313 north market street 6th floor wilmington, de 19801-6108

Form 990, Page 6, Part VI, Line 11B

A copy of the final form 990 is distributed to all board members and executive director for review and approval.

Form 990, Page 6, Part VI, Line 15A

The board of directors approves the executive directors salary.

Form 990, Page 6, Part VI, Line 19

No documents available to the public

Filing and Contact Details

Filer

Filer Name
The Desca Foundation
EIN
90-1140936
Phone
3022338034
Address
P O BOX 1448, HOCKESSIN, DE 19707

Signing Officer

Name
Robert R Thompson
Title
Treasurer
Phone
3029851987
Signed
2022-11-10

Organization Details

Principal Officer
Bryan Tracy
Voting Board Members
13
Independent Board Members
13
Employees
2
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

The desca programs help innovators and technologists plug into delaware's innovation ecosystem by connecting them to resources, mentors and funding/strategic partners to help speed the commercialization of their products.

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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt031800
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt029250
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt030515
IRS990ScheduleA/Total509Grp/TotalAmt0426351
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0132158
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0202628
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt031800
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt029250
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt030515
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0426351
IRS990/ScheduleBRequiredInd0false
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE DESCA PROGRAMS HELP INNOVATORS AND TECHNOLOGISTS PLUG INTO DELAWARE'S INNOVATION ECOSYSTEM BY CONNECTING THEM TO RESOURCES, MENTORS AND FUNDING/STRATEGIC PARTNERS TO HELP SPEED THE COMMERCIALIZATION OF THEIR PRODUCTS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1MEMBERS ARE ELECTED THEN THEIR RESPECTIVE INFORMATION IS PASSED TO THE BOARD OF DIRECTORS AND EXECUTIVE DIRECTOR. THE NEW MEMBER IS THEN APPROVED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2AT THE MONTHLY MEETINGS THE PREVIOUS MEETINGS ARE APPROVED BY A MAJORITY OF THE BOARD. THE MONTHLY FINANCIALS ARE APPROVED BY A MAJORITY OF THE BOARD.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BRYAN TRACY 239 LISA DRIVE NEW CASTLE, DE 19720 BARBARA DEHAVEN 550 SOUTH COLLEGE AVENUE NEWARK, DE 19713 DORA CHEATHAM 104 GRAND OAKS DRIVE DOVER, DE 19901 JEFFREY POLITIS 2321 WOODLAND LAND WILMINGTON, DE 19810 ROGER R. STRICKLAND 20 HURST ROAD WILMINGTON, DE 19803 MARK D. KULLER 102 CARRAGE WAY WILMINGTON, DE 19803 NATALIA QUIROZ 331 DELAWARE CIRCLE NEWARK, DE 19711 ELLINOR CARLSON 500 HERCULES ROAD WILMINGTON, DE 19808 YATI WAGHRAY 7 RIVENDALL COURT HOCKESSIN, DE 19707 ERICA NEMSER 1 INNOVATION WAY NEWARK, DE 19711 MELINDA BURN 205 BARBERRY DRIVE WILMINGTON, DE 19808 JULIUS KORLEY 449 SPRING HOLLOW DRIVE MIDDLETOWN, DE 19709 ERICA CRELL 222 HAWTHORNE LANE WILMINGTON, DE 19803 ERIC STEINMAN 113 WEST PARK PLACE NEWARK, DE 19711 JANET E. REED 1313 NORTH MARKET STREET 6TH FLOOR WILMINGTON, DE 19801-6108
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4A COPY OF THE FINAL FORM 990 IS DISTRIBUTED TO ALL BOARD MEMBERS AND EXECUTIVE DIRECTOR FOR REVIEW AND APPROVAL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE BOARD OF DIRECTORS APPROVES THE EXECUTIVE DIRECTORS SALARY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6NO DOCUMENTS AVAILABLE TO THE PUBLIC
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 9
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 19
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IRS990/SignificantNewProgramSrvcInd0false
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt0176878
IRS990/TotalAssetsEOYAmt056853
IRS990/TotalAssetsGrp/BOYAmt0176878
IRS990/TotalAssetsGrp/EOYAmt056853
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0102500
IRS990/TotalEmployeeCnt02
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt0144899
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt019784
IRS990/TotalFunctionalExpensesGrp/TotalAmt0164683
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt087500
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt087500
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt089378
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt056853
IRS990/TotalOthProgramServiceRevGrp/RelatedOrExemptFuncIncomeAmt0100
IRS990/TotalOthProgramServiceRevGrp/TotalRevenueColumnAmt0100
IRS990/TotalProgramServiceExpensesAmt019784
IRS990/TotalProgramServiceRevenueAmt029658
IRS990/TotalReportableCompFromOrgAmt070000
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt029658
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0132158
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt0176878
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt056853
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0239 LISA DRIVE
IRS990/USAddress/CityNm0NEW CASTLE
IRS990/USAddress/StateAbbreviationCd0DE
IRS990/USAddress/ZIPCd019720
IRS990/VotingMembersGoverningBodyCnt013
IRS990/VotingMembersIndependentCnt013
IRS990/WebsiteAddressTxt0WWW.DESCA.NET
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02022-09-23 18:48:47Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT R THOMPSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03029851987
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-11-10
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0THE DESCA FOUNDATION
ReturnHeader/Filer/BusinessNameControlTxt0DESC
ReturnHeader/Filer/EIN0901140936
ReturnHeader/Filer/PhoneNum03022338034
ReturnHeader/Filer/USAddress/AddressLine1Txt0P O BOX 1448
ReturnHeader/Filer/USAddress/CityNm0HOCKESSIN
ReturnHeader/Filer/USAddress/StateAbbreviationCd0DE
ReturnHeader/Filer/USAddress/ZIPCd019707
ReturnHeader/ReturnTs02022-11-10T11:38:53-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROBERT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0THOMPSON
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

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