Delaware State University Foundation Inc

Organization Overview

Delaware State University Foundation Inc is located in Dover, DE. The organization was established in 2006. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware State University Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 06/2022, Delaware State University Foundation Inc generated $19.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 27.7% each year . All expenses for the organization totaled $8.7m during the year ending 06/2022. While expenses have increased by 13.6% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

TO SECURE AND ADMINISTER PRIVATE FUNDS IN SUPPORT OF ACADEMIC PROGRAMS, STUDENT SCHOLARSHIPS, FACULTY DEVELOPMENT, PUBLIC SERVICE INITIATIVES, AND OTHER PRIORITIES OF DELAWARE STATE UNIVERSITY.

Describe the Organization's Program Activity:

Part 3 - Line 4a

TO CREATE A LARGE MONETARY FUND TO SUPPORT THE PROGRAMS, PROJECTS, STUDENTS, AND ENTERPRISE UNDERTAKEN IN THE INTEREST OF DELAWARE STATE UNIVERSITY.


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Board, Officers & Key Employees

Name (title)Compensation
Antione Allen
University President
$0
Henrietta Savage
Controller (non-Voting)
$0
Vita Pickrum
Foundation President (non
$0
Vincent Rojas
Secretary/treasurer/direct
$0
Devona Williams
Chair
$0
Enid Wallace-Simms
Vice Chair
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Nason Construction
Construction Company
$329,302
Dee Hurford Designs
Interior Designer
$145,990
Sodexo Operations Llc
Catering Company
$221,263
R Entertainment & Productions Llc
Entertainment Agent
$117,500
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$122,071
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$18,004,503
Noncash contributions included in lines 1a–1f $5,147,900
Total Revenue from Contributions, Gifts, Grants & Similar$18,126,574
Total Program Service Revenue$0
Investment income $859,006
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $17,871
Net Gain/Loss on Asset Sales $82,914
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $19,092,791

Grants Awarded

Over the last fiscal year, Delaware State University Foundation Inc has awarded $9,359,718 in support to 4 organizations.

Grant RecipientAmount

DELAWARE STATE UNIVERSITY

Org PageRecipient Profile

Dover, DE

PURPOSE: To support academic programs, student scholarships, faculty development, public service initiatives, and other priorities of Delaware State University.

$4,679,859

DELAWARE STATE UNIVERSITY

Org PageRecipient Profile

Dover, DE

PURPOSE: To support academic programs, student scholarships, faculty development, public service initiatives, and other priorities of Delaware State University.

$4,679,859
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Delaware State University Foundation Inc has recieved totaling $1,095,564.

Awarding OrganizationAmount
Crankstart Foundation

San Francisco, CA

PURPOSE: SCHOLARSHIPS

$220,000
Tech Alabama

Birmingham, AL

PURPOSE: PROGRAM SUPPORT

$200,000
Welfare Foundation Inc

Wilmington, DE

PURPOSE: CONWELL HALL BUILDING REMEDIATION

$200,000
Capital One Foundation Inc

Mclean, VA

PURPOSE: EXPANDING CAREER SERVICE DEVELOPMENT THROUGH EXPERIENTIAL LEARNING

$200,000
Strada Education Network Inc

Indianapolis, IN

PURPOSE: OPERATING GRANT AND OPERATING SUPPORT

$165,500
$45,000
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$16,739,600
Earnings-$1,235,161
Net Contributions$418,526
Other Expense$244,626
Ending Balance$15,678,339

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