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Nonprofit · EIN 82-4608572

DELAWARE COLLEGE SCHOLARS INC

Tax-exempt · WILMINGTON, DE 19899

Financials

$1.1M$1.4M2023$1.7M$1.3M2024
Revenue Expenses · by fiscal year end
Financials of DELAWARE COLLEGE SCHOLARS INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$1,650,182$1,309,241$340,941$665,587$49,858$615,729
December 31, 2023990$1,148,085$1,374,745-$226,660$296,873$22,085$274,788
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$1,473,432
of which government grants
$49,000
Program service revenue
$176,750
Investment income
$0
Other revenue
$0

Expenses

Grants and similar amounts paid
$34,545
Compensation of officers, directors and key employees
$131,336
Other salaries and wages
$307,498
Salaries, compensation and benefits (total)
$517,794
Professional fundraising fees
$0
Legal fees
$153
Accounting fees
$56,000
Travel
$167,615
Program services (functional)
$1,006,465
Management and general (functional)
$226,803
Fundraising (functional)
$75,973

Balance sheet and other

Total assets, start of year
$296,873
Total assets, end of year
$665,587
Total liabilities, end of year
$49,858
Net assets, end of year
$615,729
Net assets without donor restrictions
$386,344
Net assets with donor restrictions
$229,385
Gross receipts
$1,650,182
Employees
25
Volunteers
20
Year formed
2016
State of legal domicile
DE

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 December 31, 2024, highest compensation first.

NameTitleHours / weekCompensationOther / benefits
TONY ALLEYNEEXECUTIVE DIRECTOR
Officer
50$104,710$26,626
TAD ROACHPRESIDENT
Trustee or director, Officer
3$0$0
GLENN THOMPSONSECRETARY
Trustee or director, Officer
2$0$0
PETER KENNEDYTREASURER
Trustee or director, Officer
2$0$0
KATIE WILKINSONDIRECTOR
Trustee or director
1$0$0
MADELEINE BAYARDDIRECTOR
Trustee or director
1$0$0
FRED SEARSDIRECTOR
Trustee or director
1$0$0
HEATHER LEBERSTEINDIRECTOR
Trustee or director
1$0$0
JASON HONSELDIRECTOR
Trustee or director
1$0$0
LYNNE HOWARDDIRECTOR
Trustee or director
1$0$0
MARWANE ADLANIDIRECTOR
Trustee or director
1$0$0
MATT TWYMANDIRECTOR
Trustee or director
1$0$0
990 for the year ended December 31, 2023: 13 people
NameTitleHours / weekCompensationOther / benefits
TONY ALLEYNEEXECUTIVE DIRECTOR
Officer
50$107,592$21,668
LYNNE HOWARDPRESIDENT
Trustee or director, Officer
3$0$0
GLENN THOMPSONSECRETARY
Trustee or director, Officer
2$0$0
PETER KENNEDYTREASURER
Trustee or director, Officer
2$0$0
KATIE WILKINSONDIRECTOR
Trustee or director
1$0$0
MADELEINE BAYARDDIRECTOR
Trustee or director
1$0$0
FRED SEARSDIRECTOR
Trustee or director
1$0$0
HEATHER LEBERSTEINDIRECTOR
Trustee or director
1$0$0
JASON HONSELDIRECTOR
Trustee or director
1$0$0
TAD ROACHDIRECTOR
Trustee or director
1$0$0
MARWANE ADLANIDIRECTOR
Trustee or director
1$0$0
MATT TWYMANDIRECTOR
Trustee or director
1$0$0
DR MARK HOLODICKDIRECTOR TO 3/22
Trustee or director
1$0$0

Address and contacts

Address (IRS master file)
PO BOX 392, WILMINGTON, DE 19899-0392
In care of
% TONY ALLEYNE
Principal officer (990 for 2024)
DR TONY ALLEYNE, PO BOX 392, WILMINGTON, DE 19899
Signed the 990
PETER S KENNEDY CPA, TREASURER
Phone
(302) 437-6144
Return prepared by
BONADIO & CO LLP

Mission

TO ACADEMICALLY AND SOCIALLY PREPARE HIGH-ACHIEVING, UNDER-RESOURCED DELAWARE PUBLIC HIGH SCHOOL STUDENTS FOR SUCCESSFULLY APPLYING TO, SUCCEEDING IN, AND GRADUATING FROM FOUR-YEAR COLLEGES AND UNIVERSITIES. PREFERENCE IS GIVEN TO FIRST-GENERATION COLLEGE STUDENTS.

990 for the year ended December 31, 2024

Program accomplishments

  • OUR TUITION-FREE SEVEN-YEAR PROGRAM WITH A THREE-YEAR RESIDENTIAL COMPONENT HELPS THE BEST AND BRIGHTEST DISADVANTAGED STUDENTS NAVIGATE THE COMPLEX PATH TO COLLEGE ACCEPTANCE, COLLEGE PERSISTENCE AND CAREER SUCCESS. THE EFFECTIVENESS AND IMPACT OF THE PROGRAM ARE BEST ILLUSTRATED WITH THE FOLLOWING STATISTICS: 100% OF STUDENTS IN THE PROGRAM GRADUATE FROM HIGH SCHOOL ON TIME VS. 64% OF THEIR PEERS; 98% WILL ENTER COLLEGE DIRECTLY AFTER HIGH SCHOOL VS. 24% OF THEIR PEERS; 94% WILL CHOOSE TO ATTEND FOUR-YEAR COLLEGES OR UNIVERSITIES VS. 8% OF THEIR PEERS, AND; 95% OF THOSE ATTENDING WILL PERSIST TO THEIR SOPHOMORE YEAR AT A FOUR-YEAR INSTITUTION VS. 17% OF THEIR PEERS. DURING CALENDAR YEAR 2023 (THE 10TH YEAR OF THE PROGRAM), DCS PROUDLY PRESENTS THE FOLLOWING PROGRAM ACCOMPLISHMENTS:COHORTS 1,2, 3, 4 & 5 - 78%,76%, 80%, 81% AND 75% HAVE GRADUATED FROM 4-YEAR COLLEGES ON TIME.COHORTS 6, 7, 8, 9 AND 10 CONTINUED PROGRESSING THROUGH THE PROGRAM.COHORT 11 - 50 NEW IN-PERSON SCHOLARS BEGAN THE RESIDENTIAL PORTION OF THE DCS PROGRAM AT THE DELAWARE STATE UNIVERSITY CAMPUS.
    Expenses $788,965 · grants $17,045 · revenue $176,750
  • QUEEN CITY SCHOLARS IS AN EXPANSION OF THE DELAWARE COLLEGE SCHOLARS PROGRAM. THE MISSION REMAINS THE SAME, TO PREPARE AND SUPPORT UNDER-RESOURCED STUDENTS ACADEMICALLY AND SOCIALLY TO SUCCEED IN THEIR POST-SECONDARY JOURNIES. DCS PROVIDES AN INTENTIONAL RESIDENTIAL LIVED EXPERIENCE THAT REPLICATES THE ACADEMIC RIGORS AND SOCIAL COMPLEXITY OF BEING AWAY FROM HOME FOR COLLEGE. OUR VISION IS THAT THROUGH THIS EXPERIENCE, OUR SCHOLARS DEVELOP THE HARD AND SOFT SKILLS TO NOT ONLY FIND THEIR RIGHT ACADEMIC, SOCIAL, AND FINANCIAL POST-SECONDARY FIT, BUT TO THRIVE ON THEIR NEXT JOURNEY. CURRENTLY WE TRANSPORT THE CHARLOTTE STUDENTS TO DELAWARE TO JOIN OUR PROGRAMMING.
    Expenses $217,500 · grants $17,500

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 December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-4608572
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
2018
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$665,587
Income (IRS master file)
$1,650,182

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$1,650,182$1,309,241$665,587IRS
990December 2023$1,148,085$1,374,745$296,873XML
990December 2022$1,079,480$1,165,029$528,022IRS
990December 2021–––IRS
990December 2020–––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 82-4608572).

Questions about DELAWARE COLLEGE SCHOLARS INC

What is the EIN of DELAWARE COLLEGE SCHOLARS INC?
The employer identification number (EIN) of DELAWARE COLLEGE SCHOLARS INC is 82-4608572.
Is DELAWARE COLLEGE SCHOLARS INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to DELAWARE COLLEGE SCHOLARS INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does DELAWARE COLLEGE SCHOLARS 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 DELAWARE COLLEGE SCHOLARS INC due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did DELAWARE COLLEGE SCHOLARS INC last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of DELAWARE COLLEGE SCHOLARS INC?
The 990 for the year ended December 31, 2024 names DR TONY ALLEYNE.
Who are the officers and directors of DELAWARE COLLEGE SCHOLARS INC?
The 990 for the year ended December 31, 2024 lists 12 people; 1 received compensation from the organization, the highest $104,710 (TONY ALLEYNE, EXECUTIVE DIRECTOR).
How much revenue does DELAWARE COLLEGE SCHOLARS INC have?
On its 990 for the year ended December 31, 2024 it reported revenue of $1,650,182, expenses of $1,309,241 and total assets of $665,587 at year end.

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