Delta Foundation Inc
- Assets
- $618.1k
- Revenue
- $96.9k
- Investments
- $0.0
- Employees
- 0
- Location
- Capitol Heights, MD
- Founding
- 02/1997
- Data as of
- 09/2022
- EIN
- 52-1968496
Organization Overview
Delta Foundation Inc is located in Capitol Heights, MD. The organization was established in 1997. 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. Delta Foundation Inc 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 09/2022, Delta Foundation Inc generated $96.9k 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 (19.3%) each year. All expenses for the organization totaled $132.4k during the year ending 09/2022. As we would expect to see with falling revenues, expenses have declined by (13.3%) 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
SUPPORTING AND FUNDING EDUCATIONAL PROGRAMS & SERVICES FOR SENIOR CITIZENS, YOUTH, WOMEN, AND CHILDREN IN PRINCE GEORGES COUNTY, MARYLAND AND AWARDING SCHOLARSHIPS AND AWARDS TO ACCOMPLISHED HIGH SCHOOL AND COLLEGE STUDENTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PGCAC: THIS TAX YEAR, DELTA FOUNDATION, INC., (DFI), CONTINUED ITS LONGSTANDING RELATIONSHIP WITH THE PRINCE GEORGES COUNTY ALUMNAE CHAPTER (PGCAC) OF DELTA SIGMA THETA SORORITY, INCORPORATED, TO SERVE AS A FISCAL SPONSOR AND PARTNER TO SUPPORT PGCAC'S COMMUNITY SERVICE OUTREACH PROGRAMS. SUCH PROGRAMS INCLUDED THE PGCAC ANNUAL FASHION SHOW AND SCHOLARSHIP BENEFIT PROGRAM, WHICH RAISED OVER 75,000 IN SCHOLARSHIPS FOR TALENTED HIGH SCHOOL SENIORS AND COLLEGE STUDENTS. DFI SERVED AS A FISCAL SPONSOR FOR PGCAC'S LITERACY PROGRAM AND HBCU PROGRAM TO SUPPORT COLLEGE TOURS FOR HIGH SCHOOL STUDENTS TO HBCUS. DFI MAINTAINS A NEW PARTNERSHIP WITH EASTERN HIGH SCHOOL IN WASHINGTON, DC TO SOLICIT CONTRIBUTIONS TO THE SCHOOL'S SCHOLARSHIP FUND FOR GRADUATING SENIORS. DFI'S ENGAGEMENT WITH ITS PARTNERS IS ACCOMPLISHED IN ACCORDANCE WITH A MEMORANDUM OF UNDERSTANDING.
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Charlene Proctor President | OfficerTrustee | 20 | $0 |
Anetra M Tucker Secretary | OfficerTrustee | 5 | $0 |
Tammie Hart Assistant Tr | OfficerTrustee | 15 | $0 |
Linda Howard Treasury | OfficerTrustee | 20 | $0 |
Kasey Edwards Vice Preside | OfficerTrustee | 20 | $0 |
Brenda Baskerville Finance Secr | OfficerTrustee | 20 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $23,202 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $23,202 |
| Total Program Service Revenue | $0 |
| Investment income | $6,640 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $67,086 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $96,928 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $76,600 |
| Grants and other assistance to domestic individuals. | $0 |
| 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 | $2,500 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $523 |
| Office expenses | $342 |
| Information technology | $631 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| 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 | $13,382 |
| Insurance | $1,231 |
| All other expenses | $2,329 |
| Total functional expenses | $132,436 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $162,516 |
| 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 | $0 |
| Net Land, buildings, and equipment | $377,416 |
| Investments—publicly traded securities | $78,187 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $618,119 |
| Accounts payable and accrued expenses | $0 |
| 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 | $543 |
| Other liabilities | $0 |
| Total liabilities | $543 |
| Net assets without donor restrictions | $461,914 |
| Net assets with donor restrictions | $155,662 |
| 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 | $618,119 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Delta Foundation Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
United Way Of The National Capital Area Vienna, VA PURPOSE: PROGRAM SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Thurgood Marshall College Fund Inc Washington, DC | $121,810,471 | $98,266,975 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Breakthrough Prize Foundation Washington, DC | $10,581,357 | $48,295,695 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Virginia Student Aid Foundation Charlottesville, VA | $165,530,915 | $45,876,846 |
Foundation For Advanced Education In The Sciences Inc Bethesda, MD | $54,757,501 | $41,367,941 |
Horatio Alger Association Of Distinguished Americans Inc Alexandria, VA | $58,355,936 | $27,092,429 |
Somerset Community Services Inc Marion Station, MD | $23,511,474 | $20,221,070 |
American Association Of University Women Inc Washington, DC | $138,843,361 | $18,528,803 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
James Madison University Foundation Inc Harrisonburg, VA | $191,139,680 | $18,508,438 |
Indian Paintbrush Foundation Washington, DC | $2,617,521,485 | $1,521,981,843 |