Delaware Community Foundation
- Assets
- $375.4m
- Revenue
- $92.9m
- Investments
- $39.9m
- Employees
- 34
- Location
- Wilmington, DE
- Founding
- 06/1987
- Data as of
- 06/2021
- EIN
- 22-2804785
Organization Overview
Delaware Community Foundation is located in Wilmington, DE. The organization was established in 1987. According to its NTEE Classification (T31) the organization is classified as: Community Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2021, Delaware Community Foundation employed 34 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Community Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Delaware Community Foundation generated $92.9m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 25.3% each year . All expenses for the organization totaled $31.9m during the year ending 06/2021. While expenses have increased by 5.6% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Delaware Community Foundation has awarded 2,578 individual grants totaling $160,017,346. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OUR MISSION IS TO IMPROVE THE LIVES OF THE PEOPLE OF DELAWARE BY EMPOWERING AND GROWING PHILANTHROPY THROUGH KNOWLEDGE AND RELATIONSHIPS, NOW AND IN THE FUTURE. WE ENVISION A DELAWARE WHERE GENEROSITY EXPANDS OPPORTUNITY FOR ALL AND ENHANCES THE COMMON GOOD. AS A FACILITATOR, INFORMATION RESOURCE AND MANAGER OF CHARITABLE FUNDS, THE DELAWARE COMMUNITY FOUNDATION HELPS COMMUNITIES AND PHILANTHROPISTS FOCUS CHARITABLE RESOURCES FOR THE GREATEST COMMUNITY BENEFIT STATEWIDE.
Describe the Organization's Program Activity:
IN THE FISCAL YEAR ENDED JUNE 30, 2021, THE DELAWARE COMMUNITY FOUNDATION INVESTED IN BUILDING OPPORTUNITY THROUGHOUT THE STATE BY AWARDING OVER $30 MILLION IN GRANTS AND PROGRAM EXPENSES TO NONPROFIT ORGANIZATIONS AND LOCAL STUDENTS.THE MAJORITY OF THAT AMOUNT WAS GRANTED FROM DONOR ADVISED FUNDS. THE DCF ALSO AWARDED $449,200 IN SCHOLARSHIPS TO 189 STUDENTS AND $2,277,970 IN DIRECT GRANTS TO DOZENS OF DELAWARE NONPROFIT ORGANIZATIONS THROUGH OUR COMMUNITY IMPACT GRANTS PROGRAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John Stuart Comstock-Gay President & CEO | Officer | 35 | $290,293 |
William C Dugdale Chairperson | OfficerTrustee | 2 | $0 |
Kelly Firment Immediate Past Chairperson | OfficerTrustee | 2 | $0 |
Drew N Fennell Vice Chairperson | OfficerTrustee | 2 | $0 |
David W Singleton Treasurer | OfficerTrustee | 2 | $0 |
Cindy L Szabo ESQ Corp. Secretary | OfficerTrustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sei Investment Investment Services | 6/29/21 | $951,518 |
Christine A Cannon Inc Program Services | 6/29/21 | $195,000 |
Pgm Consulting Inc Program Services | 6/29/21 | $127,257 |
Epic Marketing Consultants Corp Marketing Services | 6/29/21 | $114,035 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,346,383 |
| All other contributions, gifts, grants, and similar amounts not included above | $75,004,842 |
| Noncash contributions included in lines 1a–1f | $28,401,181 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $81,351,225 |
| Total Program Service Revenue | $827,461 |
| Investment income | $4,208,040 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $11,050 |
| Net Gain/Loss on Asset Sales | $6,373,446 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $92,895,086 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $24,658,145 |
| Grants and other assistance to domestic individuals. | $449,222 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $299,388 |
| Compensation of current officers, directors, key employees. | $121,347 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,277,234 |
| Pension plan accruals and contributions | $93,200 |
| Other employee benefits | $333,586 |
| Payroll taxes | $105,852 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,197,640 |
| Fees for services: Other | $1,080,350 |
| Advertising and promotion | $59,299 |
| Office expenses | $88,583 |
| Information technology | $269,538 |
| Royalties | $0 |
| Occupancy | $81,448 |
| Travel | $22,952 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $33,910 |
| Insurance | $26,384 |
| All other expenses | $0 |
| Total functional expenses | $31,930,496 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $43,093,058 |
| Pledges and grants receivable | $212,998 |
| Accounts receivable, net | $5,135 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $2,421,328 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $126,764 |
| Investments—publicly traded securities | $289,611,564 |
| Investments—other securities | $39,918,320 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $56,482 |
| Total assets | $375,445,649 |
| Accounts payable and accrued expenses | $242,891 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $43,026,316 |
| Total liabilities | $43,269,207 |
| Net assets without donor restrictions | $331,998,455 |
| Net assets with donor restrictions | $177,987 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $375,445,649 |
Grants Awarded
Over the last fiscal year, Delaware Community Foundation has awarded $23,103,500 in support to 416 organizations.
| Grant Recipient | Amount |
|---|---|
DE DIVISION OF PARKS & RECREATION PURPOSE: RESTRICTED SUPPORT TO STATE PARKS/RESERVES, TO SUPPORT SEASONAL SALARY AT THOMPSON ISLAND PRESERVE, RESEARCH, EDUCATION, SAFETY, RESTORATION, AND OTHER UNRESTRICTED SUPPORT | $1,125,639 |
Dover, DE PURPOSE: RESTRICTED TO SUPPORT ENERGY EFFICIENCY PROJECTS IN THE DELMARVA POWER SERVICE TERRITORY. | $950,000 |
Wilmington, DE PURPOSE: JOINT CERTIFICATE PROGRAM OF THE DELAWARE ART MUSEUM AND THE DELAWARE COLLEGE OF ART AND DESIGN, UPDATING BATHROOMS TO ADA AND SECURITY UPGRADES, FAMILY DAY AND OTHER UNRESTRICTED SUPPORTS. | $866,482 |
Newark, DE PURPOSE: TIMELINE TUESDAYS: DATA SNAPSHOT DEBUT WEBINAR SERIES, SUPPORT TO MAINTAIN AND IMPROVE GOODSTAY GARDENS, RESTRICTED FOR THE SUPPORT OF DR. MATT OLIVERS PROGRAMS AND STUDENTS AT CEOE COLLEGE OF MARINE SCIENCE AND POLICY, RESTRICTED TO SUPPORT SCHOOL OF EDUCATION/SPEC.ED, RESTRICTED FOR THE SCHOLARSHIP PROGRAM TO SUPPORT A NEEDY/WORTHY INDIVIDUAL FROM DELAWARE, IN MEMORY OF REMO ROMAGNOLI, VETERANS & COLLEGE ATHLETES TOGETHER (VCAT), RESTRICTED SUPPORT FOR WHITNEY ATHLETIC PERFORMANCE CENTER, RESTRICTED TO SUPPORT THE COLLEGE OF AGRICULTURE AND NATURAL RESOURCES, RESTRICTED SUPPORT FOR THE BENEFIT OF THE UNIVERSITY OF DE BOTANIC GARDEN, RESTRICTED SUPPORT TO THE BENEFIT OF OSHER WILMINGTON CAMPUS, RESTRICTED SUPPORT TO REP THEATRE, RESTRICTED SUPPORT TO REBUILD THE BLUE HOUSE OF CHABAD AT UD, SUPPORT IN MEMORY OF CARYL PROUD HORTY, RESTRICTED SUPPORT FOR UD ATHLETICS, RESTRICED SUPPORT - ELIASON EDUCATION AND GREENING FUND, RESTRICTED SUPPORT FOR THE HEALTHY COMMUNITIES DELAWARE, RESTRI | $851,471 |
Wilmington, DE PURPOSE: EQUITABLE HEALTH EXPANSION: IMPROVING HEALTH OUTCOMES, 2021 FOCUS GRANT: WAVE LEARNING SYSTEM AND UNRESTRICTED SUPPORT. | $525,029 |
Wilmington, DE PURPOSE: VILLA MARIA, A COMMUNITY OF AFFORDABLE HOUSING FOR SENIORS. | $500,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Delaware Community Foundation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Horsey Family Youth Foundation Inc Laurel, DE PURPOSE: support of general operations and youth program funding | $25,000 |
Endowment Analysis
| Beg. Balance | $1,505,670 |
| Earnings | $314,605 |
| Other Expense | $70,398 |
| Ending Balance | $1,749,877 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Community Foundation Of New Jersey Morristown, NJ | $853,045,584 | $257,903,592 |
Pittsburgh Foundation Pittsburgh, PA | $1,354,368,497 | $110,535,351 |
Philadelphia Foundation Philadelphia, PA | $669,216,014 | $72,684,648 |
Jewish Community Foundation Of Greater Metrowest Nj Whippany, NJ | $441,552,124 | $46,022,571 |
Delaware Community Foundation Wilmington, DE | $375,445,649 | $92,895,086 |
Baltimore Community Foundation Inc Baltimore, MD | $302,066,491 | $73,158,770 |
Princeton Area Community Foundation Inc Lawrenceville, NJ | $266,456,755 | $20,796,965 |
Erie Community Foundation Erie, PA | $290,579,169 | $26,731,197 |
Lancaster County Community Foundation Lancaster, PA | $92,463,036 | $19,491,842 |
Community Foundation Of Greater Johnstown Johnstown, PA | $89,313,800 | $19,729,908 |
Community Foundation Of Frederick County Maryland Incorporated Frederick, MD | $137,281,850 | $16,443,346 |
Community Foundation Of Western Pennsylvania And Eastern Ohio Sharon, PA | $123,167,161 | $16,344,885 |