2024-05-09T12:08:21-05:00 2023-06-30 510232399 BELFINT LYONS & SHUMAN PA 1011 CENTRE RD STE 310 WILMINGTON DE 19805 990 2022-07-01 522027415 DELAWARE COLLEGE OF ART AND DESIGN DELA 3026228867 600 NORTH MARKET STREET WILMINGTON DE 19801 JEAN DAHLGREN PRESIDENT 3026228867 2024-05-01 1 JEAN DAHLGREN 999009999 0 JONATHAN D MOLL CPA P01053700 3022250600 2024-05-01 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JEAN DAHLGREN 600 NORTH MARKET STREET WILMINGTON DE 19801 8438378 0 X WWW.DCAD.EDU X 1996 DE DCAD PROVIDES STUDENTS WITH THOROUGH PREPARATION IN ART AND DESIGN THROUGH ITS PROFESSIONAL ASSOCIATE DEGREE PROGRAMS. THE COLLEGE ALSO SERVES WILMINGTON'S EDUCATIONAL AND CULTURAL LIFE THROUGH ITS CONTINUING EDUCATION PROGRAMS AND COMMUNITY-BASED ACTIVITIES. 12 12 83 0 0 0 2174329 781952 3570038 4359055 93031 -833285 73910 0 5911308 4307722 882009 1221408 0 0 2292282 2414932 0 0 387958 2309144 2813452 5483435 6449792 427873 -2142070 12316957 10878409 4631168 5305474 7685789 5572935 DCAD PROVIDES STUDENTS WITH THOROUGH PREPARATION IN ART AND DESIGN THROUGH ITS PROFESSIONAL ASSOCIATE DEGREE PROGRAMS. THE COLLEGE ALSO SERVES WILMINGTON'S EDUCATIONAL AND CULTURAL LIFE THROUGH ITS CONTINUING EDUCATION PROGRAMS AND COMMUNITY-BASED ACTIVITIES. 0 0 3936439 1221408 4359055 THE COLLEGE PROVIDES A 2 YEAR ASSOCIATE DEGREE PROGRAM IN ART AND DESIGN SUPPORTED BY 1) INSTITUTIONAL SUPPORT EXPENSES INCLUDING SALARIES OF ADMINISTRATION, PURCHASED SERVICES, SUPPLIES AND EQUIPMENT, DEVELOPMENT, INSTITUTIONAL RESEARCH, AND MARKETING AND COMMUNICATIONS 2) ACADEMIC SUPPORT EXPENSES INCLUDING INFORMATION TECHNOLOGY AND LIBRARY EXPENSES 3) STUDENT SERVICES 4) INSTRUCTIONAL EXPENSES 5) OPERATION AND MAINTENANCE OF PLANT EXPENSES AND 6) AUXILIARY EXPENSES INCLUDING STUDENT HOUSING. 3936439 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 1 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 83 1 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X THE ORGANIZATION 3026228867 600 NORTH MARKET STREET WILMINGTON DE 19801 THOMAS J SHOPA CHAIR 5.00 X X 0 0 0 JUSTIN D POSER VICE CHAIR 5.00 X X 0 0 0 ELIZABETH STROCK TREASURER 5.00 X X 0 0 0 ALFRED SPENCER JR SECRETARY (THROUGH JAN 2023) 5.00 X X 0 0 0 JOY A BARRIST DIRECTOR 5.00 X 0 0 0 MARK MANNISO DIRECTOR 5.00 X 0 0 0 JOSEPH G CHARMA SECRETARY 5.00 X X 0 0 0 JOSEPH NICHOLAS III DIRECTOR 5.00 X 0 0 0 ANN DUFFIELD DIRECTOR 5.00 X 0 0 0 ANNE N EDWARDS DIRECTOR 5.00 X 0 0 0 JOHN C HAWKINS DIRECTOR 5.00 X 0 0 0 STEPHEN MOTTOLA TREASURER (THROUGH FEB 2023) 5.00 X X 0 0 0 JEAN DAHLGREN PRESIDENT 40.00 X 178500 0 6331 RICHARD SAVONA CFO 40.00 X 117300 0 9664 295800 0 15995 2 0 1 0 METZ CULINARY MANAGEMENT INC 2 WOODLAND DR DALLAS PA 18612 CULINARY SERVICES 366485 EAST COAST PLUMBING AND HVAC INC 26A BROOKHILL DR NEWARK DE 19702 HVAC CONTRACTOR 340977 CCS PAINTING LLC 7 SHARONS WAY WILMINGTON DE 19808 PAINTING CONTRACTOR 150726 MEDICTEK 715 N TATNALL ST WILMINGTON DE 19801 IT SERVICES 134250 ASSET MANAGEMENT ALLIANCE 222 DELAWARE AVENUE WILMINGTON WILMINGTON DE 19801 PROPERTY MANAGEMENT 109513 5 90164 691788 7267 781952 TUITION 611710 3403166 3403166 HOUSING INCOME 531110 529120 529120 DINING SERVICES 611710 302119 302119 OTHER EDUCATIONAL FEES 611710 124650 124650 4359055 24697 24697 50565 3222109 51142 4079514 -577 -857405 -857982 -857982 4307722 4359055 0 -833285 1221408 1221408 326296 47708 230880 47708 1869825 934931 784808 150086 410 185 188 37 81946 42491 32223 7232 136455 61405 62769 12281 28560 12852 13138 2570 89915 89915 11828 11828 76525 34436 35202 6887 98428 44293 45276 8859 997645 448940 458917 89788 12941 5823 5953 1165 181245 81560 83373 16312 363124 163406 167037 32681 84999 38250 39099 7650 FOOD AND BEVERAGES 346577 345611 966 STUDENT SERVICES 247459 247459 MISCELLANEOUS 213441 144916 63823 4702 BAD DEBT EXPENSE 60765 60765 6449792 3936439 2125395 387958 444904 1274046 1014456 544344 200000 60442 42754 26744 18972 24079 9726872 4432156 9514443 5294716 1081428 997761 0 2656277 12316957 10878409 508855 192846 43635 27000 3927864 2426169 150814 2659459 4631168 5305474 X 5731768 4081755 1954021 1491180 7685789 5572935 12316957 10878409 -2142070 29216 0 X X 0 1 X 1 1 1 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1081428 49352 41508 174527 997761 3088392 -58196 1948768 1081428 3195315 971000 40952 1118875 3088392 2952821 443875 -139766 61615 3195315 3048576 89181 55366 240302 2952821 1.00000 0 0 641250 641250 7004304 2650522 4353782 1921718 1781634 140084 159600 159600 5294716 RIGHT-OF-USE ASSET - FINANCE LEASE 66146 RIGHT-OF-USE ASSET - OPERATING LEASE 2590131 2656277 FINANCE LEASE LIABILITIES 66146 OPERATING LEASE LIABILITIES 2593313 2659459 X 3142832 29216 39130 68346 3074486 11828 1221408 1233236 4307722 5255686 39130 39130 5216556 11828 1221408 1233236 6449792 PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE INTENDED FOR THE USE OF SCHOLARSHIPS AWARDED TO STUDENTS WHO EXCEL ACADEMICALLY AND HAVE FINANCIAL NEED ALONG WITH CAPITAL FUNDS TO BE USED FOR CAPITAL NEEDS. PART X, LINE 2: DCAD ADHERES TO FASB ASC 740, INCOME TAXES. FOR THE YEARS ENDED JUNE 30, 2023 AND 2022 DCAD HAS DETERMINED IT DID NOT HAVE A MATERIAL TAX LIABILITY FOR UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS NET WITH TUITION AND FEES ON STATEMENT OF ACTIVITIES 1,221,408. PART XII, LINE 4B - OTHER ADJUSTMENTS: GRANTS AND SCHOLARSHIPS NET WITH TUITION AND FEES ON STATEMENT OF ACTIVITIES 1,221,408. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 1 0 1 SCHEDULE E, PART I, LINE 3 THE COLLEGE PUBLISHES ITS RACIALLY NONDISCRIMINATORY POLICY IN ALL SOLICITATION MATERIAL, INCLUDING ITS EDUCATIONAL CATALOG WHICH IS MADE AVAILABLE TO THE GENERAL COMMUNITY WHICH IT SERVES. SCHEDULE E, PART I, LINE 6 STUDENT FINANCIAL AID 1 SCHOLARSHIPS AND FINANCIAL AID AWARDED TO STUDENTS FOR TUITION AND FEES 121 1221408 ACTUAL CASH VALUE OF REDUCTION FOR TUITION AND FEES REDUCTION IN TUITION AND FEES PART I, LINE 2: THE ORGANIZATION'S PROCEDURES FOR MONITORING THE USE OF SCHOLARSHIPS AND FINANCIAL AID AWARDED TO STUDENTS ARE BASED UPON THE GUIDELINES PROVIDED BY THE U.S. DEPARTMENT OF EDUCATION. X X 0 0 0 0 0 0 0 0 0 JEAN DAHLGREN PRESIDENT 178500 0 0 0 0 0 0 0 6331 0 184831 0 0 0 FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS COMPLETED BY DCAD'S AUDITORS AND IS DISTRIBUTED TO THE BOARD OF DIRECTORS PRIOR TO FILING. THE CHIEF ADMINISTRATIVE OFFICER DISCUSSES THE FILING WITH THE CHAIR OF THE FINANCE COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C DCAD REQUIRES THE VOTING MEMBERS TO SIGN A CONFLICT OF INTEREST POLICY ANNUALLY WHICH REQUIRES THEM TO DECLARE ANY POSSIBLE CONFLICTS PRIOR TO VOTING. FORM 990, PART VI, SECTION B, LINE 15 ALL SALARIES AND COMPENSATION ARE APPROVED ANNUALLY THROUGH THE BUDGET PROCESS. THE FINANCE COMMITTEE REVIEWS THE BUDGET IN DETAIL, NOTING SIGNIFICANT CHANGES, AND BRINGS THOSE CHANGES TO THE ATTENTION OF THE BOARD OF DIRECTORS PRIOR TO THE BOARD'S VOTING ON ITS APPROVAL. ANY REVISED BUDGETS INCLUDING SALARY CHANGES MUST ALSO BE APPROVED BY THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC BY REQUEST. FORM 990, PART XII, LINE 2C: THE ORGANIZATION'S BOARD OF DIRECTORS ASSUMES THE RESPONSIBILITY OF OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND THE SELECTION OF ITS INDEPENDENT ACCOUNTANTS.