2024-04-12T12:14:03-05:00 2023-06-30 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWING MILLS MD 21117 990 2022-07-01 201372435 DELAWARE STATE UNIVERSITY FOUNDATION INC DELA 3028576055 1200 NORTH DUPONT HIGHWAY DOVER DE 19901 DR VITA PICKRUM CFRE PRESIDENT 3028576055 2024-04-10 1 DR VITA PICKRUM CFRE 999009999 0 STEPHEN MACKALL P03122714 4105842218 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z DR VITA PICKRUM CFRE 1200 NORTH DUPONT HIGHWAY DOVER DE 19901 16396791 0 X WWW.DESU.EDU X 2006 DE 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. 13 13 0 40 0 0 18126574 14572537 0 0 941920 185712 24297 38541 19092791 14796790 6074628 8399536 0 0 0 0 0 0 0 2671107 3676622 8745735 12076158 10347056 2720632 37335368 41592921 937633 472082 36397735 41120839 X DELAWARE STATE UNIVERSITY FOUNDATION, INC PROMOTES AND FOSTERS THE EDUCATIONAL INTERESTS OF DELAWARE STATE UNIVERSITY, A PUBLICLY SUPPORTED INSTITUTION OF HIGHER EDUCATION AND A CORPORATION OF THE STATE OF DELAWARE. THE FOUNDATION SEEKS TO CREATE A SIZEABLE MONETARY FUND TO BE USED FOR ANY PROGRAM, PROJECT, OR ENTERPRISE UNDERTAKEN IN THE INTEREST OF THE UNIVERSITY. 0 0 11746674 8399536 TO CREATE A LARGE MONETARY FUND TO SUPPORT THE PROGRAMS, PROJECTS, STUDENTS, AND ENTERPRISE UNDERTAKEN IN THE INTEREST OF DELAWARE STATE UNIVERSITY. 11746674 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 162 0 1 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 DE X X THE ORGANIZATION 3028576055 1200 NORTH DUPONT HIGHWAY DOVER DE 19901 ANTIONE ALLEN UNIVERSITY PRESIDENT 6.00 X X 0 662065 0 VITA PICKRUM FOUNDATION PRESIDENT (NON-VOTING) 12.00 X X 0 209388 0 HENRIETTA SAVAGE CONTROLLER (NON-VOTING) 12.00 X X 0 82630 0 VINCENT ROJAS SECRETARY/TREASURER/DIRECTOR 4.00 X 0 0 0 ENID WALLACE-SIMMS CHAIR 4.00 X 0 0 0 NICOLE DYE-ANDERSON VICE CHAIR 2.00 X 0 0 0 WILLIAM CHARLTON DIRECTOR 2.00 X 0 0 0 CATHLEEN TRIGGS JONES DIRECTOR 2.00 X 0 0 0 STEVE EWING DIRECTOR 2.00 X 0 0 0 THOMAS HORNE DIRECTOR 0.00 X 0 0 0 DARYL GRAHAM DIRECTOR 2.00 X 0 0 0 JOSEPH PURZYCKI DIRECTOR 2.00 X 0 0 0 KATHLEEN SHELTON DIRECTOR 2.00 X 0 0 0 JOCEYLN STEWART DIRECTOR 2.00 X 0 0 0 DAVID KYLE SHEPPARD ESQ DIRECTOR 2.00 X 0 0 0 0 954083 0 0 0 1 0 SODEXO MAGICOPERATIONS LLC 815 JUSTISON STREET WILMINGTON DE 19801 CATERING SERVICES 429139 EDUCATION ADVISORY BOARD (EAB) PO BOX 79461 BALTIMORE MD 21279 ADULT LEARNER RECRUITMENT SERVICES 242771 PONIX INC 209 EDGEWOOD AVE SE ATLANTA GA 30303 PORTABLE GREEN HOUSE 177200 AMAKOR INC 72 CLINTON STREET DELAWARE CITY DE 19706 CONSTRUCTION NEW CLASSROOM 165377 MARRIOTT HOTEL SERVICES INC 201 WATERFRONT STREET OXON HILL MD 20745 HOSTING SYMPOSIUM ANNUAL EVENT 124429 5 841552 13730985 5005300 14572537 679221 679221 18684 0 18684 18684 18684 716726 1210235 -493509 -493509 -493509 389766 841552 389766 0 REGISTRATION FEES 900099 19857 19857 19857 14796790 0 0 224253 X 8399536 8399536 10103 10078 25 2400 2400 42838 42838 1849684 1814880 34804 364688 221528 143160 31550 31550 385042 297177 87865 46255 46255 475074 475074 PRINTING AND PUBLICATIO 277117 262007 15110 OTHER EXPENSES 191871 186189 5682 12076158 11746674 329484 0 10926244 8167210 840301 879195 14423640 1244772 8375925 13178868 17192898 19367648 37335368 41592921 120597 1500 761975 419721 55061 50861 937633 472082 X 20659555 26521030 15738180 14599809 36397735 41120839 37335368 41592921 2720632 2002472 0 X X 0 1 X 1 0 X X X 1 DELAWARE STATE UNIVERSITY 510305893 2 1 5376036 0 1 5376036 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 15678339 628308 780159 413317 16673489 16739600 418526 -1235161 244626 15678339 8581321 7708757 845162 395640 16739600 8400409 212003 281026 312117 8581321 14852965 162655 866186 7300000 181397 8400409 0.44000 0.43000 0.13000 0 0 32200 32200 8278295 544755 7733540 6113145 700017 5413128 13178868 MONEY MARKET FUNDS 84839 F FIXED INCOME FUNDS 5430968 F US EQUITY 9412443 F NON-US EQUITY FUNDS 3474043 F LEADING EDGE VENTURES I 65338 C MUTUAL FUND 900017 F 19367648 SECURITY DEPOSIT 685 GIFT ANNUITY PAYABLE 50176 50861 X 17473627 2002472 327437 2329909 15143718 42838 -389766 -346928 14796790 12750523 327437 389766 717203 12033320 42838 42838 12076158 PART V, LINE 4: SCHOLARSHIPS AND UNIVERSITY SUPPORT. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT EXEMPT FROM TAXATION OTHER THAN NET UNRELATED BUSINESS INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO INCOME TAX EXPENSE HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION HAS ADOPTED THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2023, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2023, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2020 THROUGH 2023 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE FOUNDATION FILES TAX RETURNS. IT IS THE FOUNDATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. PART XI, LINE 4B - OTHER ADJUSTMENTS: SPECIAL EVENT -389,766. PART XII, LINE 2D - OTHER ADJUSTMENTS: SPECIAL EVENT 389,766. PRESIDENT'S SCHOLARSHIP BALL 1231318 841552 389766 389766 1231318 841552 389766 389766 389766 0 1 DELAWARE STATE UNIVERSITY 510305893 501(C)(3) 8399536 0 TO SUPPORT ACADEMIC PROGRAMS, STUDENT SCHOLARSHIPS, FACULTY DEVELOPMENT, PUBLIC SERVICE INITIATIVES, AND OTHER PRIORITIES OF DELAWARE STATE UNIVERSITY. 0 0 0 0 0 0 0 0 0 ANTIONE ALLEN UNIVERSITY PRESIDENT 0 662065 0 0 0 0 0 0 0 0 0 662065 0 0 VITA PICKRUM FOUNDATION PRESIDENT (NON-VOTING) 0 209388 0 0 0 0 0 0 0 0 0 209388 0 0 X HARDWARE/SOFTWARE & SERVICES 2 4959405 FAIR VALUE X FURNITURE, FIXTURES & EQUIPMENT 3 213895 FAIR VALUE X HORSES 2 196000 APPRAISED VALUE 0 1 0 FORM 990, PART VI, SECTION A, LINE 8B THE DELAWARE STATE UNIVERSITY FOUNDATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B EACH BOARD MEMBER RECEIVES A COPY OF THE 990 TO REVIEW AND TO MAKE ANY COMMENTS OR CHANGES. ONCE CHANGES AND A FINAL APPROVAL IS RECEIVED FROM EACH BOARD MEMBERS, THE 990 FORM IS SIGNED BY THE CONTROLLER OR PRESIDENT FOR FILING WITH THE APPROPRIATE AGENCY. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY AND MUST DISCLOSE ANY CONFLICTS TO THE CHAIR OR PRESIDENT OF THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 THE DELAWARE STATE UNIVERSITY FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G HONORARIUM: PROGRAM SERVICE EXPENSES 1,075. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,075. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 17,895. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 17,895. COMPUTER CONSULTING: PROGRAM SERVICE EXPENSES 1,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,500. PROFESSIONAL FEES - OTHER: PROGRAM SERVICE EXPENSES 21,746. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 21,746. CATERING: PROGRAM SERVICE EXPENSES 350,957. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 350,957. TEMPORARY HELP - CONTRACT: PROGRAM SERVICE EXPENSES 4,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 4,500. HONORARIUM: PROGRAM SERVICE EXPENSES 852,669. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 852,669. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 470,523. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 470,523. UNIFORMS: PROGRAM SERVICE EXPENSES 18,610. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,610. HONORARIUM: PROGRAM SERVICE EXPENSES 37,158. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,158. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 5,500. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,500. HONORARIUM: PROGRAM SERVICE EXPENSES 32,747. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 32,747. MEMBERSHIP DUES - ORGANIZATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 34,136. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 34,136. PROFESSIONAL FEES - OTHER: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 668. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 668. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. DELAWARE STATE UNIVERSITY 1200 N DUPONT HIGHWAY DOVER DE 19901 510305893 EDUCATION DE 501(C)(3) 170(B)(1)(A)(II) N/A 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 NIKE INC 100000 FMV DELMARVA POWER AN EXELON COMPANY 50000 FMV BARLCAYS 100000 FMV