Delaware Business Roundtable Education Committee Inc
- Assets
- $583.6k
- Revenue
- $345.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/2005
- Data as of
- 12/2022
- EIN
- 56-2364584
Organization Overview
Delaware Business Roundtable Education Committee Inc is located in Wilmington, DE. The organization was established in 2005. According to its NTEE Classification (S41) the organization is classified as: Chambers of Commerce & Business Leagues, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware Business Roundtable Education Committee 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 12/2022, Delaware Business Roundtable Education Committee Inc generated $345.4k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $431.0k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (3.7%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Delaware Business Roundtable Education Committee Inc has awarded 16 individual grants totaling $1,610,000. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE DELAWARE BUSINESS ROUNDTABLE EDUCATION COMMITTEE'S MISSION IS TO HELP TRANSFORM DELAWARE PUBLIC EDUCATION INTO A WORLD CLASS SYSTEM THAT WOULD RANK IN THE TOP TEN IN THE WORLD IF DELAWARE WERE AN INDEPENDENT COUNTRY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROGRAM SERVICES FOR 2022 WERE COMMUNICATIONS AND ADVOCACY TO SUPPORT CAREER PATHWAYS IN DELAWARE, SUPPORT FOR SPARC, A COMMUNITY-DEVELOPMENT PROGRAM THAT HELPS STUDENTS AND PEOPLE ENTERING THE WORKFORCE BECOME CAREER READY, AND INVESTMENTS IN EARLY LEARNING READINESS TEAMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernest Dianastasis Chairperson | OfficerTrustee | 5 | $0 |
Art Bacci Member | Trustee | 1 | $0 |
Mary Liz Biddle Member | Trustee | 1 | $0 |
Patricia Nash Christel Member | Trustee | 1 | $0 |
David Gilardi Member | Trustee | 1 | $0 |
Catalina Loveman Member | Trustee | 1 | $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 | $342,500 |
| Noncash contributions included in lines 1a–1f | $55,000 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $342,500 |
| Total Program Service Revenue | $0 |
| Investment income | $2,941 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $345,441 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $277,500 |
| 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 | $55,000 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $25,900 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $67,551 |
| Advertising and promotion | $5,000 |
| Office expenses | $33 |
| Information technology | $0 |
| 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 | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $430,984 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $516,060 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $67,500 |
| 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 | $583,560 |
| Accounts payable and accrued expenses | $34,475 |
| 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 | $0 |
| Other liabilities | $74,746 |
| Total liabilities | $109,221 |
| Net assets without donor restrictions | $474,339 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $583,560 |
Grants Awarded
Over the last fiscal year, Delaware Business Roundtable Education Committee Inc has awarded $410,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
RODEL FOUNDATION OF DELAWARE PURPOSE: PROGRAM ASSISTANCE | $25,000 |
DELAWARE CAN PURPOSE: PROGRAM ASSISTANCE | $385,000 |