2025-03-17T13:56:10-05:00 2024-06-30 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWING MILLS MD 21117 990 2023-07-01 201372435 DELAWARE STATE UNIVERSITY FOUNDATION INC DELA 3028576055 1200 NORTH DUPONT HIGHWAY DOVER DE 19901 DR DAWN MOSLEY INTERIM ADMINISTRATOR 3028576055 2025-03-17 1 0 STEPHEN MACKALL P03122714 4105842218 2023 2025-03-06 01:10:19Z DR DAWN MOSLEY 1200 NORTH DUPONT HIGHWAY DOVER DE 19901 18545360 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 0 154 0 0 14572537 14041315 0 0 185712 649463 38541 385064 14796790 15075842 8399536 9473214 0 0 0 0 0 0 0 3676622 11690079 12076158 21163293 2720632 -6087451 41592921 37475656 472082 456893 41120839 37018763 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 13541070 9473214 TO CREATE A LARGE MONETARY FUND TO SUPPORT THE PROGRAMS, PROJECTS, STUDENTS, AND ENTERPRISE UNDERTAKEN IN THE INTEREST OF DELAWARE STATE UNIVERSITY. 13541070 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 1 200 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 10.00 X 496321 0 0 VITA PICKRUM FOUNDATION PRESIDENT (NON-VOTING) 10.00 X X 207224 0 0 HENRIETTA SAVAGE CONTROLLER (NON-VOTING) 10.00 X X 89270 0 0 ENID WALLACE-HALEY CHAIR 6.00 X X 0 0 0 NICOLE DYE-ANDERSON VICE CHAIR 2.00 X X 0 0 0 VINCENT ROJAS SECRETARY/TREASURER/DIRECTOR 6.00 X X 0 0 0 WILLIAM CHARLTON DIRECTOR 3.00 X 0 0 0 STEVE EWING DIRECTOR 3.00 X 0 0 0 DARYL GRAHAM DIRECTOR 3.00 X 0 0 0 JOSEPH PURZYCKI DIRECTOR 2.00 X 0 0 0 KATHLEEN SHELTON DIRECTOR 3.00 X 0 0 0 JOCEYLN STEWART DIRECTOR 3.00 X 0 0 0 CHIP ROSSI DIRECTOR 3.00 X 0 0 0 CATHLEEN TRIGG-JONES DIRECTOR 3.00 X 0 0 0 DAVID SHEPPARD DIRECTOR 3.00 X 0 0 0 792815 0 0 2 0 1 0 GAYLORD NATIONAL RESORT & CONVENTION CEN 201 WATERFRONT ST NATIONAL HARBOR MD 20745 HOTEL, CATERING, EVENTS 281319 SODEXO OPERATION LLC 815 JUSTISON ST WILMINGTON DE 19801 CATERING 220718 SODEXO MAGIC LLC 9801 MAGIC LLC GAITHERSBURG MD 20878 CATERING 175745 MIH ENTERPRISE LLC 57 PIER HEAD BLVD STUITE2 SMYRNA DE 19777 STAGE CONSTRUCTION, COMMENCEMENT 123105 R ENTERTAINMENT & PRODUCTION LLC 216 REMI DRIVE NEW CASTLE DE 19720 ENTERTAINMENT 115350 5 14041315 498177 14041315 550753 550753 37444 0 37444 37444 37444 2434830 2336120 98710 98710 98710 1463561 1133398 330163 330163 REGISTRATION FEES 900099 17457 17457 17457 15075842 0 0 1034527 9473214 9473214 25 25 48542 48542 1637743 1626373 11370 459488 305645 153843 2878 2878 591747 465631 126116 13948 13948 1360555 1360555 LOSS ON DISPOSAL 7214965 7214965 PRINTING AND PUBLICATIO 267734 200372 67362 OTHER EXPENSES 92454 92454 21163293 13541070 7622223 0 8167210 10566035 879195 486899 7071613 1970088 13178868 5101525 19367648 21321197 41592921 37475656 1500 1501 419721 408731 50861 46661 472082 456893 X 26521030 20492309 14599809 16526454 41120839 37018763 41592921 37475656 -6087451 1985375 0 X X 0 1 X 1 0 X X X 1 DELAWARE STATE UNIVERSITY 510305893 2 1 9729687 0 1 9729687 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 16673489 169835 728541 444659 17127206 15678339 628308 780159 413317 16673489 16739600 418526 -1235161 244626 15678339 8581321 7708757 845162 395640 16739600 8400409 212003 281026 312117 8581321 0.44000 0.43000 0.13000 0 0 915873 203378 712495 6155740 1766710 4389030 5101525 MONEY MARKET FUNDS 45850 F FIXED INCOME FUNDS 6243636 F US EQUITY 10109378 F NON-US EQUITY FUNDS 3827990 F LEADING EDGE VENTURES I 54221 C MUTUAL FUND 1040122 F 21321197 SECURITY DEPOSIT 685 GIFT ANNUITY PAYABLE 45976 46661 X 18510337 1985375 364264 2349639 16160698 -1084856 -1084856 15075842 22612413 364264 1133398 1497662 21114751 48542 48542 21163293 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, 2024, 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, 2024, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2021 THROUGH 2024 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: FUNDRAISING EVENT -1,133,398. INVESTMENT FEE 48,542. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT 1,133,398. PRESIDENT'S SCHOLARSHIP BALL 512386 512386 340530 120450 26994 HBCU SYMPOSIUM (HYBRID) 634242 634242 537969 72485 2 316933 316933 11869 23101 1463561 1463561 890368 120450 122580 1133398 330163 1 DELAWARE STATE UNIVERSITY 510305893 501(C)(3) 9473214 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 496321 0 0 0 0 0 0 0 0 0 496321 0 0 0 VITA PICKRUM FOUNDATION PRESIDENT (NON-VOTING) 207224 0 0 0 0 0 0 0 0 0 207224 0 0 0 X FURNITURE 0 389441 FAIR VALUE X HORSES 2 120095 APPRAISED VALUE X MICROSCOPE 0 7150 FAIR VALUE X LAPTOP BAGS 0 5060 FAIR VALUE X BEVERAGES 1 567 FAIR 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 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 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0