Delaware College Scholars Inc
- Assets
- $596.7k
- Revenue
- $1.0m
- Investments
- $0.0
- Employees
- 22
- Location
- Wilmington, DE
- Founding
- 12/2018
- Data as of
- 12/2021
- EIN
- 82-4608572
Organization Overview
Delaware College Scholars Inc is located in Wilmington, DE. The organization was established in 2018. According to its NTEE Classification (O50) the organization is classified as: Youth Development Programs, under the broad grouping of Youth Development and related organizations. As of 12/2021, Delaware College Scholars Inc employed 22 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Delaware College Scholars 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 12/2021, Delaware College Scholars Inc generated $1.0m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 32.7% each year . All expenses for the organization totaled $909.8k during the year ending 12/2021. While expenses have increased by 32.1% per year over the past 6 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 RECRUIT, ASSIST AND ENRICH HIGH-PERFORMING, LOWER-INCOME HIGH SCHOOL STUDENTS TO BE ACADEMICALLY AND SOCIALLY PREPARED FOR COLLEGES AND UNIVERSITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUR TUITION-FREE SEVEN-YEAR PROGRAM WITH A THREE-YEAR RESIDENTIAL COMPONENT HELPS THE BEST AND BRIGHTEST DISADVANTAGED STUDENTS NAVIGATE THE COMPLEX PATH TO COLLEGE ACCEPTANCE, COLLEGE PERSISTENCE AND CAREER SUCCESS. THE EFFECTIVENESS AND IMPACT OF THE PROGRAM ARE BEST ILLUSTRATED WITH THE FOLLOWING STATISTICS: 100% OF STUDENTS IN THE PROGRAM GRADUATE FROM HIGH SCHOOL ON TIME VS. 64% OF THEIR PEERS; 98% WILL ENTER COLLEGE DIRECTLY AFTER HIGH SCHOOL VS. 24% OF THEIR PEERS; 94% WILL CHOOSE TO ATTEND FOUR-YEAR COLLEGES OR UNIVERSITIES VS. 8% OF THEIR PEERS, AND; 95% OF THOSE ATTENDING WILL PERSIST TO THEIR SOPHOMORE YEAR AT A FOUR-YEAR INSTITUTION VS. 17% OF THEIR PEERS. DURING CALENDAR YEAR 2021 (THE 8TH YEAR OF THE PROGRAM), DCS PROUDLY PRESENTS THE FOLLOWING PROGRAM ACCOMPLISHMENTS:COHORTS 1 AND 2 - 78% AND 76% HAVE GRADUATED FROM 4-YEAR COLLEGES ON TIME.COHORTS 3,4,5,6 AND 7 CONTINUED PROGRESSING THROUGH THE PROGRAM IN SPITE OF HARDSHIPS IMPOSED BY COVID.COHORT 8 - 52 NEW IN-PERSON SCHOLARS BEGAN THE RESIDENTIAL PORTION OF THE DCS PROGRAM AT THE DELAWARE STATE UNIVERSITY CAMPUS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tony Alleyne Executive Director | Officer | 50 | $127,762 |
Peter Kennedy Treasurer | OfficerTrustee | 2 | $0 |
Lynne Howard Vice President | OfficerTrustee | 2 | $0 |
Glenn Thompson Secretary | OfficerTrustee | 2 | $0 |
Katie Wilkinson President | OfficerTrustee | 3 | $0 |
Dr Mark Holodick Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $20,000 |
| Government grants | $157,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $594,705 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $772,080 |
| Total Program Service Revenue | $240,089 |
| Investment income | $0 |
| 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 | $1,012,169 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $32,500 |
| 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 | $289,433 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $24,514 |
| Payroll taxes | $26,064 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $340 |
| Fees for services: Accounting | $24,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $129,228 |
| Advertising and promotion | $72,757 |
| Office expenses | $45,635 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $4,644 |
| Travel | $31,987 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $25,169 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,438 |
| All other expenses | $2,606 |
| Total functional expenses | $909,836 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $594,976 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,750 |
| 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 | $596,726 |
| Accounts payable and accrued expenses | $9,212 |
| 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 | $0 |
| Total liabilities | $9,212 |
| Net assets without donor restrictions | $476,426 |
| Net assets with donor restrictions | $111,088 |
| 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 | $596,726 |
Grants Recieved
Over the last fiscal year, we have identified 5 grants that Delaware College Scholars Inc has recieved totaling $225,070.
| Awarding Organization | Amount |
|---|---|
Jack Kent Cooke Foundation Lansdowne, VA PURPOSE: SUPPORT DELAWARE COLLEGE SCHOLARS TO PREPARE UNDER-RESOURCED STUDENTS FOR COLLEGE. | $100,000 |
Laffey-Mchugh Foundation Wilmington, DE PURPOSE: GENERAL OPERATING SUPPORT | $50,000 |
Wsfs Community Foundation Philadelphia, PA PURPOSE: GRANT TO EXPAND SERVICES TO UNDERREPRESENTED PUBLIC SCHOOL STUDENTS | $50,000 |
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $70 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Aspira Inc Of Pennsylvania Philadelphia, PA | $16,896,454 | $35,689,519 |
Jpc Charities Newark, NJ | $110,330,624 | $14,483,540 |
Deal Sephardic Youth Center Inc Oakhurst, NJ | $15,545,893 | $7,918,218 |
Youthbuild Newark Newark, NJ | $8,371,396 | $7,058,437 |
Breakfree Education Columbia, MD | $2,710,082 | $3,378,734 |
Us Dream Academy Inc Silver Spring, MD | $1,470,975 | $3,095,850 |
Gwens Girls Incorporated Pittsburgh, PA | $4,688,036 | $4,701,406 |
The Philadelphia Education Fund Philadelphia, PA | $9,790,760 | $3,554,527 |
Federation Of Neighborhood Centers Inc Philadelphia, PA | $1,729,927 | $3,084,929 |
Youth Enrichment Programs Philadelphia, PA | $1,767,066 | $2,866,479 |
Tickets For Kids Foundation Pittsburgh, PA | $771,366 | $2,879,434 |
Pennsylvania Partnerships For Children Harrisburg, PA | $4,537,312 | $3,074,268 |