Nonprofit · EIN 74-2286234
DEL MAR COLLEGE FOUNDATION INC
Tax-exempt · CORP CHRISTI, TX 78404
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $12,121,871 | $4,682,699 | $7,439,172 | $41,629,695 | $115,816 | $41,513,879 |
| June 30, 2024 | 990 | $3,511,104 | $3,511,416 | -$312 | $35,106,844 | $326,447 | $34,780,397 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $6,983,750
- Program service revenue
- $0
- Investment income
- $5,138,121
- Net gain from sales of assets
- $4,395,105
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $4,571,427
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Accounting fees
- $18,794
- Program services (functional)
- $4,571,427
- Management and general (functional)
- $111,272
Balance sheet and other
- Total assets, start of year
- $35,106,844
- Total assets, end of year
- $41,629,695
- Total liabilities, end of year
- $115,816
- Net assets, end of year
- $41,513,879
- Publicly traded securities
- $35,634,466
- Net assets without donor restrictions
- $10,326,904
- Net assets with donor restrictions
- $31,186,975
- Gross receipts
- $21,743,252
- Employees
- 0
- Volunteers
- 0
- Year formed
- 1983
- State of legal domicile
- TX
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MATTHEW BUSBY | VP OF DEV & DONOR ADVISING Officer | 40 | $0 | $147,857 |
| SANDRA ALVAREZ | PRESIDENT Trustee or director, Officer | 0 | $0 | $0 |
| LANCE BROWN | VICE PRESIDENT Trustee or director, Officer | 0 | $0 | $0 |
| TRAVIS NELSON | TREASURER Trustee or director, Officer | 0 | $0 | $0 |
| MELODY NIXON-BICE | SECRETARY Trustee or director, Officer | 0 | $0 | $0 |
| TODD M WALTER | SCHOLARSHIP AWARDS CHAIR Trustee or director | 0 | $0 | $0 |
| DRUE JONES | SPECIAL PROJECTS CHAIR Trustee or director | 0 | $0 | $0 |
| MICHELLE UNDA | PAST PRESIDENT Trustee or director | 0 | $0 | $0 |
| DR MARK ESCAMILLA | DMC PRESIDENT AND CEO Trustee or director | 0 | $0 | $0 |
| TROY BETHEL | TRUSTEE Trustee or director | 0 | $0 | $0 |
| KEN TREVINO | BOARD DEVELOPMENT CHAIR Trustee or director | 0 | $0 | $0 |
| ROSENDO CRUZ | TRUSTEE Trustee or director | 0 | $0 | $0 |
| KAUSHIK BHAKTA | TRUSTEE Trustee or director | 0 | $0 | $0 |
| RUSSELL FRANQUES | TRUSTEE Trustee or director | 0 | $0 | $0 |
| DR CRISSY HINOJOSA | TRUSTEE Trustee or director | 0 | $0 | $0 |
3 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| TIM LEGAMARO | TRUSTEE Trustee or director | 0 | $0 |
| SUSAN TEMPLE | TRUSTEE Trustee or director | 0 | $0 |
| ADAM SMITH | TRUSTEE Trustee or director | 0 | $0 |
990 for the year ended June 30, 2024: 21 people
| Name | Title | Hours / week | Compensation | From related orgs |
|---|---|---|---|---|
| MARY MCQUEEN | VP OF ADVANCEMENT & GOVERN Officer | 40 | $0 | $160,721 |
| MATTHEW BUSBY | VP OF DEV & DONOR ADVISING Officer | 40 | $0 | $115,494 |
| MICHELLE UNDA | PRESIDENT Trustee or director, Officer | 0 | $0 | $0 |
| SANDRA ALVAREZ | VICE PRESIDENT Trustee or director, Officer | 0 | $0 | $0 |
| DR CRISSY HINOJOSA | TREASURER Trustee or director, Officer | 0 | $0 | $0 |
| ROSIE G COLLIN | SECRETARY Trustee or director, Officer | 0 | $0 | $0 |
| TODD M WALTER | SCHOLARSHIP AWARDS CHAIR Trustee or director | 0 | $0 | $0 |
| LANCE BROWN | SPECIAL PROJECTS CHAIR Trustee or director | 0 | $0 | $0 |
| JULIO REYES | PAST PRESIDENT Trustee or director | 0 | $0 | $0 |
| DR MARK ESCAMILLA | DMC PRESIDENT AND CEO Trustee or director | 0 | $0 | $0 |
| TROY BETHEL | TRUSTEE Trustee or director | 0 | $0 | $0 |
| KEN TREVINO | BOARD DEVELOPMENT CHAIR Trustee or director | 0 | $0 | $0 |
| ROSENDO CRUZ | TRUSTEE Trustee or director | 0 | $0 | $0 |
| KAUSKIK BHAKTA | TRUSTEE Trustee or director | 0 | $0 | $0 |
| RUSSELL FRANQUES | TRUSTEE Trustee or director | 0 | $0 | $0 |
| DRUE JONES | TRUSTEE Trustee or director | 0 | $0 | $0 |
| TIM LEGAMARO | TRUSTEE Trustee or director | 0 | $0 | $0 |
| TRAVIS NELSON | TRUSTEE Trustee or director | 0 | $0 | $0 |
| MELODY NIXON-BICE | TRUSTEE Trustee or director | 0 | $0 | $0 |
| SUSAN TEMPLE | TRUSTEE Trustee or director | 0 | $0 | $0 |
| ADAM SMITH | TRUSTEE Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 101 BALDWIN BLVD, CORP CHRISTI, TX 78404-3805
- Principal officer (990 for 2024)
- MATTHEW BUSBY, 101 BALDWIN BLVD, CORPUS CHRISTI, TX 784043897
- Signed the 990
- MATTHEW BUSBY, EXECUTIVE DIRECTOR
- Phone
- (361) 698-1317
- Website
- WWW.DELMAR.EDU/FOUNDATION
- Return prepared by
- ADAMSON & COMPANY LLC
Mission
DEL MAR COLLEGE FOUNDATION TRANSFORMS STUDENTS' LIVES AND THE AREA ECONOMY BY HELPING STUDENTS GET THE EDUCATION THEY NEED TO ACHIEVE THEIR CAREER AND PERSONAL GOALS.
Program accomplishments
- AWARDED SCHOLARSHIPS FROM ENDOWED, NON-ENDOWED AND DESIGNATED FUNDS TO 1,441 DEL MAR COLLEGE STUDENTS. THESE SCHOLARSHIP AWARDS HELP PEOPLE EARN THEIR EDUCATION AND IMPROVE THEIR LIVES, THEIR FAMILY'S LIVES AND ULTIMATELY BENEFIT THE ENTIRE COMMUNITY.Expenses $2,946,147 · grants $2,946,147
- SUPPORT THE PEOPLE, PROGRAMS AND PROJECTS AT DEL MAR COLLEGE INCLUDING EXPENDITURES FOR ART, DRAMA, MUSIC, TECHNOLOGY, LIBRARY, RADIOLOGY TECHNOLOGY, WELDING, PROCESS TECHNOLOGY, CHILDCARE, MENTAL HEALTH, STUDENT EMERGENCY AID, SPECIFICALLY $166,969 EMERGENCY AID TO 594 STUDENTS. IN ADDITION THE FOUNDATION CONTRIBUTED FUNDS FOR THE RENNOVATION AND MODERNIZATION OF THE WILLIAM F. WHITE, JR. LIBRARY.Expenses $1,625,280 · grants $1,625,280
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 74-2286234
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1983
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T30)
- Assets (IRS master file)
- $41,629,695
- Income (IRS master file)
- $21,743,252
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $12,121,871 | $4,682,699 | $41,629,695 | IRS |
| 990 | June 2024 | $3,511,104 | $3,511,416 | $35,106,844 | XML |
| 990 | June 2023 | $5,690,836 | $3,028,669 | $31,648,720 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 74-2286234).
Questions about DEL MAR COLLEGE FOUNDATION INC
- What is the EIN of DEL MAR COLLEGE FOUNDATION INC?
- The employer identification number (EIN) of DEL MAR COLLEGE FOUNDATION INC is 74-2286234.
- Is DEL MAR COLLEGE FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1983.
- Are donations to DEL MAR COLLEGE FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does DEL MAR COLLEGE FOUNDATION INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of DEL MAR COLLEGE FOUNDATION INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DEL MAR COLLEGE FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of DEL MAR COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 names MATTHEW BUSBY.
- Who are the officers and directors of DEL MAR COLLEGE FOUNDATION INC?
- The 990 for the year ended June 30, 2025 lists 18 people; 0 received compensation from the organization.
- How much revenue does DEL MAR COLLEGE FOUNDATION INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $12,121,871, expenses of $4,682,699 and total assets of $41,629,695 at year end.
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