The Foundation For Delta Educational & Economic Development
- Assets
- $939.4k
- Revenue
- $272.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 03/1999
- Data as of
- 06/2021
- EIN
- 43-1761424
Organization Overview
The Foundation For Delta Educational & Economic Development is located in Kansas City, MO. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, 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. Foundation For Delta Educational & Economic Development 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, Foundation For Delta Educational & Economic Development generated $272.8k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $200.2k during the year ending 06/2021. While expenses have increased by 4.2% per year over the past 7 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO EMPOWER YOUTH, WOMEN AND FAMILIES THROUGH EDUCATIONAL AND ECONOMIC DEVELOPMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION PARTNERED WITH THE KANSAS CITY ALUMNAE CHAPTERS OF DELTA SIGMA THETA TO SUPPORT THE COTILLION YOUTH DEVELOPMENT AND SCHOLARSHIP PROGRAM WHICH AWARDS SEVERAL THOUSAND DOLLARS IN SCHOLARSHIPS TO SELECTED HIGH SCHOOL SENIORS EACH YEAR FOR POST-SECONDARY EDUCATION EXPENSES. THE PROGRAM PROVIDED A VARIETY OF WORKSHOPS AND ACTIVITIES TO HELP PREPARE THE RECIPIENTS FOR COLLEGE AND BEYOND. COTILLION ACTIVITIES TAKE PLACE OVER SIX MONTHS AND PROVIDE WORKSHIPS IN THE AREAS OF TIME MANAGEMENT, INTERVIEWING, FINANCIAL MANAGEMENT AND MAKING HEALTHY CHOICES. ACTIVITIES ALSO INCLUDED A TOUR OF HISTORICALLY BLACK COLLEGES AND UNIVERSITIES.
THE DELTA ATHENAEUM, ALSO KNOWN AS THE "DELTA HOUSE" IS A HISTORIC BUILDING (CONSTRUCTED IN 1914) WITH EVENT SPACE AND OFFICE FACILITIES FOR NON-PROFIT ORGANIZATIONS IN MID-TOWN KANSAS CITY. IT IS AVAILABLE TO INDIVIDUALS AND GROUPS FOR COMMUNITY FORUMS, MEETINGS, RECITALS, WORKSHIPS AND OTHER EDUCATIONAL AND ECONOMIC DEVELOPMENT PROGRAM NEEDS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Javonne Patterson Vice President | OfficerTrustee | 5 | $0 |
Lisa Hardwick President | OfficerTrustee | 5 | $0 |
Carolyn Lucas Recording Secretary | OfficerTrustee | 5 | $0 |
Carla Wilson Treasurer | OfficerTrustee | 5 | $0 |
Rashanda Fuller Financial Secretary | OfficerTrustee | 5 | $0 |
Tausha Brooks Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $105,457 |
| Investment income | $919 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $6,747 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $272,817 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $61,850 |
| 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 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 | $4,140 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,152 |
| Advertising and promotion | $695 |
| Office expenses | $7,027 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $24,040 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $911 |
| Interest | $21,555 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $34,426 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $200,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $180,123 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| 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 | $6,200 |
| Investments—publicly traded securities | $49,206 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $939,383 |
| Accounts payable and accrued expenses | $779 |
| Grants payable | $27,600 |
| Deferred revenue | $3,280 |
| 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 | $323,126 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,133 |
| Total liabilities | $357,918 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $581,465 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Foundation For Delta Educational & Economic Development has recieved totaling $103.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $103 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Wichita Center For Graduate Medical Education Inc Wichita, KS | $5,382,351 | $22,892,628 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |