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 06/2024, Delta College Foundation generated $3.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 21.0% each year . All expenses for the organization totaled $2.0m during the year ending 06/2024. 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
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION WAS ESTABLISHED TO RAISE, COLLECT AND ADMINISTER DONATIONS FOR DELTA COLLEGE. THE FOUNDATION DIRECTS FUNDRAISING EFFORTS, BUILDS DONOR RELATIONSHIPS AND PROMOTES THE COLLEGE TO BENEFIT THE ENTIRE COLLEGE COMMUNITY, EDUCATIONAL PROGRAMS AND CAPITAL PROJECTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
A SIGNIFICANT AMOUNT OF FUNDS THAT THE FOUNDATION RAISES ARE FOR ESTABLISHMENT OF ENDOWMENT FUNDS. THIS YEAR NINE NEW FUNDS WERE ESTABLISHED AND MANY DONORS CONTRIBUTED TO PREVIOUSLY EXISTING FUNDS. THE ENDOWMENT FUND GENERATED OVER 816,000 IN DISTRIBUTIONS TO THE COLLEGE THAT SUPPORTED SCHOLARSHIPS, ACHIEVEMENT AWARDS AND SEVERAL EDUCATIONAL PROGRAMS. APPROXIMATELY 559,000 WAS DISTRIBUTED TO DELTA COLLEGE FOR STUDENT SCHOLARSHIPS AND AWARDS. THIS AMOUNT OF FUNDING WOULD PROVIDE SCHOLARSHIPS AND AWARDS FOR APPROXIMATELY 560 STUDENTS. THE LARGEST SINGLE DISTRIBUTION OF 102,500 SUPPORTS A TRAVELING STEM CLASSROOM THAT PROVIDES MEMORABLE LEARNING EXPERIENCES. THIS OUTREACH PROGRAM IS HOUSED IN A STATE-OF-THE-ART BUS THAT TRAVELED THROUGHOUT THE GREAT LAKES BAY REGION TO 65 SCHOOLS AND EVENTS DURING THE YEAR. ENDOWMENT FUND DISTRIBUTIONS ALSO PROVIDED SUPPORT TO THE COLLEGE'S PUBLIC BROADCASTING STATIONS, SPEAKER SERIES FUNDING AND SEVERAL TEACHING CHAIR AWARDS.
EDUCATIONAL EXPENDITURES INCLUDED PURCHASES OF SUPPLIES FOR CLASSROOM USE, TRANSFERS OF CASH FOR NONENDOWED SCHOLARSHIPS AND TRANSFERS OF DONATED EQUIPMENT FOR INSTRUCTIONAL PURPOSES. SUPPLIES PURCHASED INCLUDED MEDICAL EQUIPMENT, DENTAL HYGIENE CONSUMABLES AND CYBER SECURITY TRAINING SOFTWARE. DONATED EQUIPMENT INCLUDED A DIESEL ENGINE, DECORATIONS FOR CHOCOLATE AFFAIR, SHOES FOR NURSING STUDENTS, BOOTS FOR TECHNICAL TRADES, TWO BOSCH DC BATTERY CHARGERS, AND FOUR VEHICLES FOR THE TECHNICAL TRADES & MANUFACTURING DIVISION. THE FOUNDATION ALSO PUBLISHED TWO ISSUES OF A MAGAZINE, "JOURNEYS", THAT HIGHLIGHTS EDUCATIONAL PROGRAMS AT DELTA COLLEGE, SPECIAL EVENTS AND PERSONAL SUCCESS STORIES. IT WAS MAILED TO APPROXIMATELY 55,000 HOUSEHOLDS IN THE GREAT LAKES BAY REGION. THESE EXPENDITURES BENEFITTED STUDENTS AND STAFF IN THE COLLEGE COMMUNITY AND RESIDENTS WHO LIVE IN THE SURROUNDING AREA.
NONACADEMIC STUDENT ASSISTANCE PROVIDED EMERGENCY SUPPORT TO DELTA COLLEGE STUDENTS WHO WERE ATTENDING CLASSES, BUT HAD BARRIERS THAT THREATENED THEIR ABILITY TO SUCCESSFULLY COMPLETE THEIR COURSES. ASSISTANCE INCLUDED PAYMENTS FOR RENT, UTILITIES, VEHICLE REPAIRS, GROCERIES AND CLASSROOM SUPPLIES TO HELP THEM COMPLETE THE SEMESTER. ALL STUDENTS WHO RECEIVED AID WERE REFERRED BY COLLEGE FACULTY OR STAFF. APPROXIMATELY 228 STUDENTS RECEIVED EMERGENCY ASSISTANCE.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Michael H Gavin Secretary | OfficerTrustee | 3 | $0 |
Sarah E Dufresne Treasurer | OfficerTrustee | 2 | $0 |
Pamela N Clark Executive Di | OfficerTrustee | 15 | $0 |
Paul J Barbeau Chair Of Dir | Trustee | 1 | $0 |
Brooke L Beebe Director | Trustee | 1 | $0 |
Octavia Walters Caby Director | Trustee | 1 | $0 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $107,650 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $1,348,687 |
Noncash contributions included in lines 1a–1f | $66,725 |
Total Revenue from Contributions, Gifts, Grants & Similar | $1,456,337 |
Total Program Service Revenue | $0 |
Investment income | $687,948 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $1,274,203 |
Net Income from Fundraising Events | -$43,344 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $3,375,144 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $1,387,011 |
Grants and other assistance to domestic individuals. | $72,957 |
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 | $3,700 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $197,340 |
Fees for services: Other | $8,500 |
Advertising and promotion | $166,515 |
Office expenses | $8,600 |
Information technology | $48,521 |
Royalties | $0 |
Occupancy | $0 |
Travel | $14,985 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $11,536 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $0 |
Insurance | $9,306 |
All other expenses | $0 |
Total functional expenses | $1,984,977 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $0 |
Savings and temporary cash investments | $1,867,233 |
Pledges and grants receivable | $450,819 |
Accounts receivable, net | $0 |
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 | $93,841 |
Net Land, buildings, and equipment | $0 |
Investments—publicly traded securities | $33,808,602 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $0 |
Total assets | $36,220,495 |
Accounts payable and accrued expenses | $46,043 |
Grants payable | $0 |
Deferred revenue | $23,126 |
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 | $5,984,997 |
Total liabilities | $6,054,166 |
Net assets without donor restrictions | $2,853,807 |
Net assets with donor restrictions | $27,312,522 |
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 | $36,220,495 |