2024-05-14T07:39:41-05:00 2023-12-31 510284658 SANTORA CPA GROUP 220 CONTINENTAL DRIVE SUITE 112 NEWARK DE 19713 990 2023-01-01 510246178 DELAWARE TECHNICAL & COMMUNITY COLLEGE EDUCATIONAL FOUNDATION DELA 3027394058 PO BOX 897 DOVER DE 19903 DR MARK BRAINARD PRESIDENT 3027394058 2024-05-08 1 DR MARK BRAINARD XXX-XX-XXXX 1 ROBERT S SMITH CPA P00168444 3027376200 2 AAL1 IAL1 2023 2023-04-26 12:10:37Z DR MARK BRAINARD PO BOX 897 DOVER DE 19903 10178936 0 X N/A X 1968 DE TO PROVIDE FINANCIAL ASSISTANCE TO DELAWARE TECHNICAL & COMMUNITY COLLEGE 11 11 1 554 0 0 1680841 2005441 0 0 962637 886771 115693 232285 2759171 3124497 1792427 2201473 0 0 0 10676 0 0 0 100270 133197 1892697 2345346 866474 779151 33965936 37573030 234720 101202 33731216 37471828 TO PROVIDE FINANCIAL ASSISTANCE TO DELAWARE TECHNICAL & COMMUNITY COLLEGE 0 0 1100076 1089400 AWARDS AND DONATIONS TO DELAWARE TECHNICAL & COMMUNITY COLLEGE FOR SUPPORT, EQUIPMENT, & IMPROVEMENT PURPOSES 1112073 1112073 SCHOLARSHIPS 2212149 1 1 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 2 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X MICHAEL S JACKSON 3028571672 DEL TECH COMM COLLEGE DOVER DE 19903 NANCY J SHEVOCK CHAIRMAN 0.00 X 0 0 0 PATTI A GRIMES VICE CHAIRMAN 0.00 X 0 0 0 MICHAEL J HARE BOARD MEMBER 0.00 X 0 0 0 ROBERT E HAGERTY BOARD MEMBER 0.00 X 0 0 0 LOLITA A LOPEZ BOARD MEMBER 0.00 X 0 0 0 DIANE F GLENN BOARD MEMBER 0.00 X 0 0 0 W CHARLES PARADEE III SPECIAL TRUSTEE 0.00 X 0 0 0 JAMES B PORTER JR SPECIAL TRUSTEE 0.00 X 0 0 0 THOMAS ST JOHN SPECIAL TRUSTEE 0.00 X 0 0 0 CINDY L SZABO ESQ SPECIAL TRUSTEE 0.00 X 0 0 0 COLONEL JOSEPH A COOKE JR BOARD MEMBER 0.00 X 0 0 0 DR MARK BRAINARD PRESIDENT 1.00 39.00 X X 10676 377668 173856 10676 377668 173856 0 0 1 0 0 2005441 2005441 816499 816499 6942071 6871799 70272 70272 70272 414925 182640 232285 232285 3124497 70272 0 1048784 2201473 2201473 10676 10676 82869 82869 COLLEGE-WIDE SUPPORT 50328 50328 2345346 2212149 133197 0 2470234 2417537 470528 928641 33082 49607 981667 0 981667 981667 28957664 28864189 2629 5258 1050132 4326131 33965936 37573030 196928 67709 37792 33493 234720 101202 X 17293630 19614357 16437586 17857471 33731216 37471828 33965936 37573030 779151 2961461 0 X X 0 1 X 1 0 X X 1 DELAWARE TECHNICAL AND COMMUNITY COLLEGE 516000279 5 1 2262477 0 1 2262477 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1050132 X X 0 0 16437586 1806598 1037488 -1424201 17857471 17163938 1537978 -1104206 1160124 16437586 13293073 4796536 976961 1902632 17163938 12639739 1109214 779297 1235177 13293073 11025683 1572806 918143 876893 12639739 0.34000 0.66000 0 0 99043 99043 882624 882624 981667 CONSTRUCTION IN PROGRESS 3275999 TREASURE 1050132 4326131 CHARITABLE GIFT ANNUITY PAYABLE 33493 33493 X 6085958 2961461 2961461 3124497 0 3124497 2345346 0 2345346 0 2345346 PART III, LINE 4: THE FOUNDATION OPERATES A SMALL MUSEUM AT ONE OF DELAWARE TECHNICAL & COMMUNITY COLLEGE'S CAMPUSES. THE MUSEUM HOUSES THE ARTIFACTS OF A SUNKEN SPANISH GALLEON AND CHARGES A SMALL ADMISSION FEE TO VISITORS. THE ADMISSIONS REVENUES PRODUCED FROM THE MUSEUM ARE USED TO PROVIDE SUPPORT TO DELAWARE TECHNICAL & COMMUNITY COLLEGE. PART V, LINE 4: THE FOUNDATION HOLDS THE PERMANENT ENDOWMENT FUNDS IN PERPETUITY, USING ONLY THE INTEREST INCOME TO FUND SCHOLARSHIPS FOR INDIVIDUALS AT DELAWARE TECHNICAL & COMMUNITY COLLEGE. TERM ENDOWMENTS ARE USED BY THE FOUNDATION FOR THE SPECIFIC RESTRICTIONS THAT HAVE BEEN IMPOSED BY THE DONOR AND ONCE SATISFIED, THE RESTRICTIONS ARE RELEASED. PART X, LINE 2: THE ORGANIZATION HAS QUALIFIED AS AN EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES. HOWEVER, THE ORGANIZATION IS NOT EXEMPT FROM TAXES TO THE EXTENT IT HAS UNRELATED BUSINESS TAXABLE INCOME. DURING 2023 AND 2022, THE ORGANIZATION HAD NO UNRELATED BUSINESS TAXABLE INCOME. THE ORGANIZATION IS NO LONGER SUBJECT TO FEDERAL OR STATE TAX EXAMINATIONS FOR FISCAL YEARS ENDED PRIOR TO 2020. STARRY STARRY NIGHTS GALA 120850 0 120850 48518 MARDI GRAS GALA 119497 0 119497 40035 5 174578 0 174578 94087 414925 414925 182640 182640 232285 1 DELAWARE TECHNICAL & COMMUNITY COLLEGE A DIVISION OF THE STATE OF DELAWARE PO BOX 897 DOVER DE 19903 516000279 1089400 0 SUPPORT, EQUIPMENT & IMPROVEMENT PROCESS DELAWARE TECHNICAL & COMMUNITY COLLEGE A DIVISION OF THE STATE OF DELAWARE PO BOX 897 DOVER DE 19903 516000279 1112073 0 SCHOLARSHIP ASSISTANCE 1 PART I, LINE 2: SUPPORT FUNDS GIVEN TO DELAWARE TECHNICAL & COMMUNITY COLLEGE ARE ONLY PAID ONCE RECEIPTS HAVE BEEN SUBMITTED AND APPROVED BY FOUNDATION MANAGEMENT. SCHOLARSHIP FUNDS GIVEN TO DELAWARE TECHNICAL & COMMUNITY COLLEGE ARE PAID OUT AFTER THE APPROPRIATE SCHOLARSHIP COMMITTEE HAS SELECTED THE SCHOLARSHIP RECIPIENT AND FOUNDATION MANAGEMENT HAS APPROVED PAYMENT. X 0 0 0 0 0 0 0 0 0 DR MARK BRAINARD PRESIDENT 2241 342775 8435 0 0 34893 163058 0 0 10798 173734 388466 0 0 FORM 990, PART VI, SECTION B, LINE 11B A DRAFT IS SENT TO THE ORGANIZATION'S MANAGEMENT FOR APPROVAL BEFORE TAX RETURN IS FINALIZED AND SUBMITTED. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION MONITORS AND ENFORCES ITS CONFLICT OF INTEREST POLICY THROUGH THE POLICY'S INCLUSION WITHIN THE ORGANIZATION'S POLICY AND PROCEDURES MANUAL, WHICH IS REQUIRED TO BE REVIEWED BY THE BOARD OF TRUSTEES ANNUALLY. FORM 990, PART VI, SECTION C, LINE 19 THE FOUNDATION MAKES ITS FINANCIAL STATEMENTS, TAX RETURNS AND GOVERNING DOCUMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 2C THE FOUNDATION HAS A BOARD OF TRUSTEES THAT OVERSEES ALL OF THE FOUNDATION'S ACTIVITIES, INCLUDING THE SELECTION AND OVERSIGHT OF THE INDEPENDENT AUDITOR. EXPLANATION FOR SCHEDULE J, PART II, COLUMN C: A $163,058 CASH PAYMENT FOR DEFERRED COMPENSATION WAS MADE TO DR. BRAINARD IN 2023, PURSUANT TO HIS EMPLOYMENT AGREEMENT AND AN ASSUMPTION OF PAYMENT AGREEMENT. THIS AMOUNT WAS ACCRUED AS A LIABILITY ON THE FOUNDATION'S 2022 FINANCIAL STATEMENTS AND PREVIOUSLY EXPENSED AS A PROGRAM SERVICE EXPENSE. DELAWARE TECHNICAL AND COMMUNITY COLLEGE PO BOX 897 DOVER DE 19903 INSTITUTION OF HIGHER LEARNING DE 501(C)(3) LINE 12B, II 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 DELAWARE TECHNICAL COMMUNITY COLLEGE B 2262477 ACCRUAL