Civic Intelligence

The Desca Foundation

990 • Fiscal year 2022 • EIN 90-1140936

Jan 01, 2022 to Dec 31, 2022 • Filed on Feb 24, 2023

Organization ProfileWWW.DESCA.NET
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

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Liabilities / Revenue

58th percentile

0.00x

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

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Net Margin

21st percentile

-17%

Higher net margin than 21% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Top Officer Pay

96th percentile

$70,000

Higher top officer pay than 96% of similar nonprofits.

Top officer pay equals 66.5% of source-year revenue.

2022 filings • 501(c)3 • <$500k nonprofits • Source year 2022

Asset Growth

16th percentile

-31%

Faster asset growth than 16% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Revenue Growth

24th percentile

-20%

Faster revenue growth than 24% of similar nonprofits.

2022 filings • 501(c)3 • <$500k nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets58th percentile

Assets

Down

$38,979

Down $17,874 (-31%) from 2021

Net Assets

Down

$38,979

Down $17,874 (-31%) from 2021

Liabilities

Flat

$0

Flat from 2021

Revenue And Expenses
Liabilities / Revenue58th percentileNet Margin21st percentile

Revenue

Down

$105,306

Down $26,852 (-20%) from 2021

Expenses

Down

$123,180

Down $41,503 (-25%) from 2021

Net Income

Up

-$17,874

Up $14,651 (+45%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth16th percentile

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

2022

Assets$38,979
Liabilities$0
Net Assets$38,979
Open 2022 Filing

Operations Trend

Revenue Growth24th percentile

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

2022

Revenue$105,306
Expenses$123,180
Net Income-$17,874
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Feb 24, 2023
Return Version
2022v4.1
Gross Receipts
$105,306
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$56,853$38,979▼ $17,874
Total Assets$56,853$38,979▼ $17,874
Liabilities
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$56,853$38,979▼ $17,874
Total Net Assets Fund Balance$56,853$38,979▼ $17,874
Total Liabilities and Net Assets / Fund Balance$56,853$38,979▼ $17,874
Compensation and Service Providers
Top Officer Pay96th percentile

Employees

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

Board Members and Trustees

NameTitle
Erica NemserPresident
Bryan TracyDirector
Ellinor CarlsonDirector
Eric SteinmanDirector
Janet E ReedDirector
Jeffrey PolitisDirector
Julius KorleyDirector
Melinda BurnDirector
Roger R StricklandDirector
Yati WaghrayDirector
Barbara DehavenSecretary
Robert R ThompsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$15,000
Program Service Revenue
$90,306
Investment Income
$0
Other Revenue
$0
All Other Contributions
$15,000
Change in Net Assets
$-17,874
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$107,568
Other Expenses$15,612
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages-$96,250-$96,250
Payroll Taxes-$7,363-$7,363
Office Expenses-$5,153-$5,153
Conferences and Meetings$4,257--$4,257
Fees for Services Other$637$3,587-$4,224
Other Employee Benefits-$3,955-$3,955
Insurance-$1,218-$1,218
Advertising-$760-$760
Total Functional Expenses$4,894$118,286$0$123,180
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 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 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
2023-02-24

Organization Details

Principal Officer
Erica Nemser
Voting Board Members
12
Independent Board Members
12
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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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 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 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/TotalFunctionalExpensesGrp/ProgramServicesAmt04894
IRS990/TotalFunctionalExpensesGrp/TotalAmt0123180
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IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0105306
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt056853
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt038979
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IRS990/USAddress/AddressLine1Txt01 INNOVATION WAY
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IRS990/WebsiteAddressTxt0WWW.DESCA.NET
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ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/PersonNm0ROBERT R THOMPSON
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0TREASURER
ReturnHeader/BusinessOfficerGrp/PhoneNum03029851987
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-02-24
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
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ReturnHeader/ReturnTs02023-02-24T11:12:58-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0ROBERT
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0THOMPSON
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$38,979
Liabilities
$0
Net assets
$38,979
Revenue
$105,306
Expenses
$123,180
Net income
-$17,874
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$4.95$0.50$4.45$5.41$1.23$4.18
2023Detailed filing. Detailed filing data is available for this year.$0.08$0.21$0.13$0.37$0.89$0.52
2022Detailed filing. Detailed filing data is available for this year.$0.39$0.00$0.39$1.05$1.23$0.18
2021Detailed filing. Detailed filing data is available for this year.$0.57$0.00$0.57$1.32$1.65$0.33
2020Detailed filing. Detailed filing data is available for this year.$1.77$0.88$0.89$2.03$2.13$0.10
2017Summary only. Only limited summary data is available for this year.$0.48$0.00$0.15$0.00$0.15