Delk Family Foundation
- Assets
- $316.1k
- Revenue
- $101.8k
- Investments
- $282.1k
- Employees
- 0
- Location
- Salem, OR
- Founding
- 07/2018
- Data as of
- 12/2023
- EIN
- 83-0644737
Organization Overview
Delk Family Foundation is located in Salem, OR. The organization was established in 2018. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delk Family Foundation 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 12/2023, Delk Family Foundation generated $101.8k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.4% each year . All expenses for the organization totaled $52.8k during the year ending 12/2023. While expenses have increased by 25.3% per year over the past 6 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
TUITION PAYMENTS TO GEORGE FOX UNIVERSITY
TUITION PAYMENTS TO TEXAS A&M
TUITION PAYMENTS TO OKLAHOMA UNIVERSITY
TUITION PAYMENTS TO EAST TEXAS BABTIST CHURCH
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael W Delk Director | 2 | $0 | |
Mary M Delk Director | 1 | $0 | |
Molly L Leblanc Director | 1 | $0 | |
Megan Barnes Director | 1 | $0 | |
Melinda J Delk Director | 1 | $0 | |
Crystel D Dyson Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $69,657 |
| Interest on Savings | $2,270 |
| Dividends & Interest | $12,056 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,774 |
| Capital Gain Net Income | $17,774 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $101,757 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,766 |
| Total operating and administrative expenses | $37,841 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $52,841 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $34,023 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $316,077 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Delk Family Foundation has awarded $33,750 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
GEORGE FOX UNIVERSTIY PURPOSE: TUITION FOR RECIPIENT | $13,750 |
TEXAS A M PURPOSE: TUITION FOR RECIPIENT | $7,500 |
EAST TEXAS BABTIST UNIVERSITY PURPOSE: TUITION FOR RECIPIENT | $5,000 |
OKLAHAMA UNIVERSITY PURPOSE: TUITION FOR RECIPIENT | $7,500 |