Delaware Technical & Community College Educational Foundation 866
- Assets
- $39.3m
- Revenue
- $6.8m
- Investments
- $5.9k
- Employees
- 1
- Location
- Dover, DE
- Founding
- 03/1969
- Data as of
- 12/2021
- EIN
- 51-0246178
Organization Overview
Delaware Technical & Community College Educational Foundation 866 is located in Dover, DE. The organization was established in 1969. 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 Technical & Community College Educational Foundation 866 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 12/2021, Delaware Technical & Community College Educational Foundation 866 generated $6.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.3% each year . All expenses for the organization totaled $2.7m during the year ending 12/2021. While expenses have increased by 1.4% 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.
Since 2014, Delaware Technical & Community College Educational Foundation 866 has awarded 14 individual grants totaling $14,399,964. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE FINANCIAL ASSISTANCE TO DELAWARE TECHNICAL & COMMUNITY COLLEGE
Describe the Organization's Program Activity:
Part 3 - Line 4a
AWARDS AND DONATIONS TO DELAWARE TECHNICAL & COMMUNITY COLLEGE FOR SUPPORT, EQUIPMENT, & IMPROVEMENT PURPOSES
SCHOLARSHIPS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dr Mark T Brainard President | OfficerTrustee | 1 | $2,733 |
Nancy J Shevock Chairman | Trustee | 0 | $0 |
Patti A Grimes Vice Chairman | Trustee | 0 | $0 |
Brigadier Gen Ernest G Talbert Jr Board Member | Trustee | 0 | $0 |
Robert E Hagerty Board Member | Trustee | 0 | $0 |
James B Porter Jr Special Trustee | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $2,378 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,942,946 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,945,324 |
| Total Program Service Revenue | $0 |
| Investment income | $727,931 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $851 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,020,534 |
| Net Income from Fundraising Events | $58,031 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,752,671 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,573,417 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,730 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $37,851 |
| Total functional expenses | $2,652,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,753,382 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $2,301,677 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $38,279 |
| Net Land, buildings, and equipment | $981,667 |
| Investments—publicly traded securities | $33,192,833 |
| Investments—other securities | $5,865 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,050,132 |
| Total assets | $39,323,835 |
| Accounts payable and accrued expenses | $73,240 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $41,805 |
| Total liabilities | $115,045 |
| Net assets without donor restrictions | $22,044,852 |
| Net assets with donor restrictions | $17,163,938 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $39,323,835 |
Grants Awarded
Over the last fiscal year, Delaware Technical & Community College Educational Foundation 866 has awarded $2,573,417 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DELAWARE TECHNICAL & COMMUNITY COLLEGE A DIVISION OF THE STATE OF DELAWARE PURPOSE: SUPPORT, EQUIPMENT & IMPROVEMENT PROCESS | $1,703,412 |
DELAWARE TECHNICAL & COMMUNITY COLLEGE A DIVISION OF THE STATE OF DELAWARE PURPOSE: SCHOLARSHIP ASSISTANCE | $870,005 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Delaware Technical & Community College Educational Foundation 866 has recieved totaling $17,614.
| Awarding Organization | Amount |
|---|---|
Paypal Charitable Giving Fund Washington, DC PURPOSE: General Support | $12,514 |
Schwab Charitable Fund San Francisco, CA PURPOSE: EDUCATION | $5,100 |
Endowment Analysis
| Beg. Balance | $13,293,073 |
| Earnings | $976,961 |
| Net Contributions | $4,796,536 |
| Other Expense | $1,902,632 |
| Ending Balance | $17,163,938 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
University Of Maryland Obstetrical And Gynecological Associates P A Baltimore, MD | $13,649,114 | $19,437,289 |
Unidel Foundation Inc Greenville, DE | $452,249,782 | $36,851,681 |
Educational Foundation Of America Bethesda, MD | $294,733,951 | $32,812,396 |
Rowan University Foundation Inc Glassboro, NJ | $339,808,677 | $39,224,287 |
Stockton Affiliated Services Inc Galloway, NJ | $3,017,488 | $12,674,409 |
Employee Benefit Trust Of Northampton Co Area Community Coll Bethlehem, PA | $1,194,772 | $10,407,527 |
Community College Of Allegheny County-Education Foundation Pittsburgh, PA | $36,645,920 | $15,926,656 |
Shippensburg University Foundation Shippensburg, PA | $91,433,562 | $11,552,800 |
Philadelphia College Of Osteopathic Medicine Foundation Philadelphia, PA | $419,559,519 | $20,326,102 |
New Jersey Institute Of Technology Foundation Newark, NJ | $177,817,526 | $21,630,945 |
Johns Hopkins University Retiree Medical Benefits Tr Baltimore, MD | $393,460,709 | $90,822,229 |
Doctors Center Management Corporation Oceanport, NJ | $41,567 | $8,892,194 |