Delaware College Of Art And Design
- Assets
- $12.1m
- Revenue
- $5.1m
- Investments
- $597.7k
- Employees
- 82
- Location
- Wilmington, DE
- Founding
- 10/1997
- Data as of
- 06/2021
- EIN
- 52-2027415
Organization Overview
Delaware College Of Art And Design is located in Wilmington, DE. The organization was established in 1997. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 06/2021, Delaware College Of Art And Design employed 82 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware College Of Art And Design 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 College Of Art And Design generated $5.1m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $4.8m during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (4.2%) per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
DCAD PROVIDES STUDENTS WITH THOROUGH PREPARATION IN ART AND DESIGN THROUGH ITS PROFESSIONAL ASSOCIATE DEGREE PROGRAMS. THE COLLEGE ALSO SERVES WILMINGTON'S EDUCATIONAL AND CULTURAL LIFE THROUGH ITS CONTINUING EDUCATION PROGRAMS AND COMMUNITY-BASED ACTIVITES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE COLLEGE PROVIDES A 2 YEAR ASSOCIATE DEGREE PROGRAM IN ART AND DESIGN SUPPORTED BY 1) INSTITUTIONAL SUPPORT EXPENSES INCLUDING SALARIES OF ADMINISTRATION, PURCHASED SERVICES, SUPPLIES AND EQUIPMENT, DEVELOPMENT, INSTITUTIONAL RESEARCH, AND MARKETING AND COMMUNICATIONS 2) ACADEMIC SUPPORT EXPENSES INCLUDING INFORMATION TECHNOLOGY AND LIBRARY EXPENSES 3) STUDENT SERVICES 4) INSTRUCTIONAL EXPENSES 5) OPERATION AND MAINTENANCE OF PLANT EXPENSES AND 6) AUXILIARY EXPENSES INCLUDING STUDENT HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jean Dahlgren President | Officer | 40 | $169,064 |
Richard Savona CFO | Officer | 40 | $9,583 |
Thomas J Shopa Chairman | OfficerTrustee | 5 | $0 |
Justin D Poser Vice Chair | OfficerTrustee | 5 | $0 |
Edmund F Rutkowski Treasurer | OfficerTrustee | 5 | $0 |
Alfred L Spencer Jr Secretary | OfficerTrustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,029,343 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,137,877 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,167,220 |
| Total Program Service Revenue | $2,558,210 |
| Investment income | -$3,952 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $382,422 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,103,900 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $618,528 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $255,126 |
| Compensation of current officers, directors, key employees. | $127,563 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,405,003 |
| Pension plan accruals and contributions | $59,733 |
| Other employee benefits | $85,648 |
| Payroll taxes | $110,404 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $70,405 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $46,115 |
| Advertising and promotion | $113,602 |
| Office expenses | $108,303 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $5,290 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $331,887 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $355,881 |
| Insurance | $93,037 |
| All other expenses | $103,987 |
| Total functional expenses | $4,805,526 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $624,456 |
| Savings and temporary cash investments | $1,896,702 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $18,715 |
| 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 | $17,000 |
| Net Land, buildings, and equipment | $8,550,000 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $597,715 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $359,331 |
| Total assets | $12,063,919 |
| Accounts payable and accrued expenses | $211,496 |
| Grants payable | $0 |
| Deferred revenue | $51,608 |
| 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 | $4,047,778 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $356,691 |
| Total liabilities | $4,667,573 |
| Net assets without donor restrictions | $4,570,560 |
| Net assets with donor restrictions | $2,825,786 |
| 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 | $12,063,919 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Delaware College Of Art And Design has recieved totaling $83,038.
| Awarding Organization | Amount |
|---|---|
Laffey-Mchugh Foundation Wilmington, DE PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Noland Memorial Foundation Alexandria, VA PURPOSE: GENERAL OPERATING SUPPORT | $25,000 |
Richard And Jean Coyne Family Foundation Belmont, CA PURPOSE: FUNDING - STUDENT EMERGENCY FUND | $19,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $10,000 |
Milton & Hattie Kutz Foundation Wilmington, DE PURPOSE: EDUCATIONAL | $4,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $38 |
Endowment Analysis
| Beg. Balance | $3,195,315 |
| Earnings | $40,952 |
| Net Contributions | $971,000 |
| Other Expense | $1,118,875 |
| Ending Balance | $3,088,392 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
South Street Theater Co Inc Morristown, NJ | $25,009,095 | $16,372,684 |
Joshua M Freeman Foundation Selbyville, DE | $7,026,329 | $10,885,831 |
Performing Arts Consultants Inc Brick, NJ | $2,328,922 | $7,486,685 |
Delaware College Of Art And Design Wilmington, DE | $12,063,919 | $5,103,900 |
Associated Production Services Inc Trevose, PA | $3,216,743 | $4,781,597 |
Germantown Cultural Arts Center Inc Germantown, MD | $1,282,498 | $3,689,211 |
The Avalon Foundation Inc Easton, MD | $5,588,979 | $2,877,348 |
The Mattress Factory Pittsburgh, PA | $6,739,687 | $2,768,754 |
Weinberg Center For The Arts Inc Frederick, MD | $1,941,791 | $2,451,910 |
Chesapeake Shakespeare Company Baltimore, MD | $6,775,926 | $2,236,169 |
Energy Innovation Center Institute Inc Pittsburgh, PA | $1,205,835 | $1,830,774 |
Community Theater Project Corporation Pittsburgh, PA | $2,533,416 | $2,200,744 |