Delta College Foundation
- Assets
- $2.0m
- Revenue
- $2.6m
- Investments
- $0.0
- Employees
- 0
- Location
- University Center, MI
- Founding
- 09/1979
- Data as of
- 06/2022
- EIN
- 38-2274366
Organization Overview
Delta College Foundation is located in University Center, MI. The organization was established in 1979. According to its NTEE Classification (B41) the organization is classified as: Two-Year Colleges, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delta College 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 06/2022, Delta College Foundation generated $2.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.5%) each year. All expenses for the organization totaled $2.6m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (5.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS ESTABLISHED TO RAISE, COLLECT AND ADMINISTER DONATIONS FOR DELTA COLLEGE, A RELATED ORGANIZATION, BY DIRECTING FUNDRAISING EFFORTS, BUILDING DONOR RELATIONSHIPS AND PROMOTING THE COLLEGE TO BENEFIT THE COLLEGE'S STUDENTS, EDUCATIONAL PROGRAMS, CAPITAL PROJECTS AND OTHER FINANCIAL NEEDS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENDOWMENT FUND EXPENDITURES CONSISTED OF CASH TRANSFERS TO DELTA COLLEGE FOR INVESTMENT INTO THE COLLEGE ENDOWMENT FUND. THIS YEAR TEN NEW FUNDS WERE ESTABLISHED AND MANY PREVIOUSLY EXISTING FUNDS RECEIVED SIZABLE DONATIONS. ENDOWMENT FUND REVENUES GENERATED OVER ONE MILLION IN EARNINGS TO PROVIDE MORE THAN 450 SCHOLARSHIPS AND ACHIEVEMENT AWARDS AND SUPPORT FOR NUMEROUS EDUCATIONAL PROGRAMS. TO NAME JUST A FEW, THE PROGRAMS INCLUDE A TRAVELING STEM EDUCATION CLASSROOM, FREE CULTURAL AND EDUCATIONAL EXPERIENCES FOR 430 FINANCIALLY DISADVANTAGED STUDENTS, SUPPORT FOR THE COLLEGE'S PUBLIC BROADCASTING STATIONS, FUNDING FOR A SPEAKER SERIES AND SEVERAL TEACHING CHAIR AWARDS.
EDUCATIONAL SUPPLY EXPENDITURES CONSISTED OF DONATED ITEMS THAT WERE TRANSFERRED TO THE COLLEGE FOR THE TECHNICAL TRADES & MANUFACTURING AND HUMANITIES DIVISIONS. EDUCATIONAL PROGRAM EXPENDITURES INCLUDED CASH TRANSFERS TO DELTA COLLEGE FOR NON-ENDOWED SCHOLARSHIPS AND AWARDS, ACADEMIC PROGRAMS AND THE COMPLETION OF TWO SCULPTURES, ONE AT THE MAIN CAMPUS AND THE OTHER AT THE DOWNTOWN SAGINAW CENTER. THE FOUNDATION ALSO PUBLISHED TWO ISSUES OF JOURNEYS, A MAGAZINE THAT HIGHLIGHTS EDUCATIONAL PROGRAMS AT DELTA COLLEGE, SPECIAL EVENTS AND PERSONAL SUCCESS STORIES. IT WAS MAILED TO APPROXIMATELY 58,000 HOUSEHOLDS IN THE GREAT LAKES BAY REGION. THESE EXPENDITURES BENEFITTED APPROXIMATELY 10,500 STUDENTS AND STAFF IN THE COLLEGE COMMUNITY AND RESIDENTS WHO LIVE IN THE SURROUNDING AREA.
NON-ACADEMIC STUDENT ASSISTANCE EXPENDITURES PROVIDED EMERGENCY FUNDING TO CURRENTLY ENROLLED DELTA COLLEGE STUDENTS WITH BARRIERS THAT THREATENED THEIR ABILITY TO SUCCESSFULLY COMPLETE THEIR COURSES. ASSISTANCE INCLUDED PAYMENTS FOR RENT, UTILITIES, CAR REPAIRS, GROCERIES AND OTHER NECESSITIES TO HELP THEM COMPLETE THE SEMESTER. ALL STUDENTS WHO RECEIVED AID WERE REFERRED BY COLLEGE FACULTY OR STAFF. APPROXIMATELY 140 STUDENTS RECEIVED EMERGENCY ASSISTANCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
M Jean Goodnow Secretary | OfficerTrustee | 3 | $0 |
Sarah E Dufresne Treasurer | OfficerTrustee | 2 | $0 |
Pamela N Clark Executive Director | OfficerTrustee | 15 | $0 |
Michael H Gavin Secretary | OfficerTrustee | 3 | $0 |
Monica S Baranski Director | Trustee | 1 | $0 |
Paul J Barbeau Vice Chair Of Directors | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $94,854 |
| Related organizations | $417,250 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,128,990 |
| Noncash contributions included in lines 1a–1f | $58,584 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,641,094 |
| Total Program Service Revenue | $0 |
| Investment income | $1,547 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$23,429 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,619,212 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $2,353,748 |
| Grants and other assistance to domestic individuals. | $41,060 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,200 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $125,519 |
| Office expenses | $7,402 |
| Information technology | $50,363 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,752 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $17,179 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $199 |
| All other expenses | $5,532 |
| Total functional expenses | $2,621,264 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,617,607 |
| Pledges and grants receivable | $373,998 |
| Accounts receivable, net | $1,150 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,992,755 |
| Accounts payable and accrued expenses | $3,530 |
| Grants payable | $0 |
| Deferred revenue | $24,225 |
| 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 | $0 |
| Total liabilities | $27,755 |
| Net assets without donor restrictions | $992,366 |
| Net assets with donor restrictions | $972,634 |
| 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 | $1,992,755 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Delta College Foundation has recieved totaling $500.
| Awarding Organization | Amount |
|---|---|
Consumers Energy Foundation Jackson, MI PURPOSE: EMPLOYEE/RETIREE MATCHING GIFT | $500 |
Endowment Analysis
| Beg. Balance | $33,580,552 |
| Earnings | -$5,466,889 |
| Admin Expense | $505,493 |
| Net Contributions | $1,709,596 |
| Other Expense | $541,263 |
| Grants | $501,859 |
| Ending Balance | $28,274,644 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Finlandia University Hancock, MI | $36,184,751 | $18,081,025 |
Christ College Of Nursing Andhealth Sciences Cincinnati, OH | $10,994,626 | $16,669,063 |
Ancilla Domini College Plymouth, IN | $0 | $14,414,276 |
Baker College Flint, MI | $17,958,758 | $9,486,714 |
College Of The Menominee Nation Keshena, WI | $15,783,806 | $11,637,458 |
Lac Courte Oreilles Ojibwe College Hayward, WI | $16,000,980 | $10,229,989 |
The Chatfield Edge St Martin, OH | $13,777,194 | $3,802,569 |
Delta College Foundation University Center, MI | $1,992,755 | $2,619,212 |
Alpena Community College Foundation Alpena, MI | $9,851,824 | $3,064,621 |
Washtenaw Community College Foundation Ann Arbor, MI | $29,277,550 | $2,130,032 |
Kalamazoo Valley Community College Foundation Kalamazoo, MI | $35,775,413 | $2,600,005 |
Kalamazoo Valley Community College Holding Company Kalamazoo, MI | $1,050,776 | $291 |