Rodel Charitable Foundation De
- Assets
- $15.4m
- Revenue
- $5.5m
- Investments
- $2.4m
- Employees
- 32
- Location
- Wilmington, DE
- Founding
- 05/1999
- Data as of
- 06/2022
- EIN
- 91-1944585
Organization Overview
Rodel Charitable Foundation De is located in Wilmington, DE. The organization was established in 1999. According to its NTEE Classification (T11) the organization is classified as: Single Organization Support, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 06/2022, Rodel Charitable Foundation DE employed 32 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Rodel Charitable Foundation DE 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 06/2022, Rodel Charitable Foundation DE generated $5.5m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $4.2m during the year ending 06/2022. While expenses have increased by 2.2% 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.
Since 2015, Rodel Charitable Foundation DE has awarded 73 individual grants totaling $6,211,864. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION WAS FORMED AS A SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3) TO SUPPORT THE DELAWARE COMMUNITY FOUNDATION. RODEL STRENGTHENS DELAWARE'S PUBLIC EDUCATION SYSTEM AND WORKFORCE BY CONNECTING PARTNERS TO ADVANCE AND IMPLEMENT SUSTAINABLE SOLUTIONS.
Describe the Organization's Program Activity:
RODEL IS ONE OF MANY PARTNERS INVOLVED IN THE NATIONALLY RECOGNIZED DELAWARE PATHWAYS INITIATIVE, A PUBLIC-PRIVATE PARTNERSHIP THAT INCLUDES THE GOVERNOR'S OFFICE, HIGHER EDUCATION, AND MAJOR LOCAL EMPLOYERS--ALL WORKING TOWARD CREATING MEANINGFUL JOB EXPERIENCES AND COLLEGE-LEVEL COURSES FOR HIGH SCHOOLERS. RODEL WORKED WITH PARTNERS TO CREATE A WORK-BASED LEARNING COURSE FOR HIGH SCHOOLERS, WHILE PATHWAYS ENROLLMENT GREW TO MORE THAN 26,000 STUDENTS STATEWIDE.RODEL HAS ALIGNED SUPPORT OF A BROAD COALITION WORKING TO ENHANCE AND TRANSFORM EARLY CHILDHOOD EDUCATION THROUGH LARGE-SCALE POLICY CHANGES AND APPROPRIATIONS. RODEL HELPED ADVOCATE FOR MILLIONS IN INCREASED STATE INVESTMENTS IN EARLY LEARNING, AND THE RODEL-CONVENED FIRST STATE PRE-K CAMPAIGN IS PUSHING LAWMAKERS TOWARD AFFORDABLE, ACCESSIBLE, AND QUALITY EARLY CARE, UNIVERSAL PRE-K FOR ALL DELAWARE FAMILIES.RODEL AND ITS PARTNER ORGANIZATION, THE VISION COALITION, HAVE CONVENED HUNDREDS OF LEADERS, COMMUNITY MEMBERS AND EDUCATORS ON A VARIETY IMPORTANT ISSUES ACROSS SEVERAL EVENTS, RANGING FROM EQUITABLE STUDENT FUNDING TO CAREER PATHWAYS, TO MINDFULNESS TECHNIQUES FOR TEACHERS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Herdman Edd President And CEO | Officer | 40 | $412,115 |
Madeleine M Bayard Mpa Sr Vice President | Officer | 40 | $197,276 |
Mark Baxter Senior Program Director | 40 | $174,900 | |
Donald V Budinger Founding Director | Trustee | 1 | $0 |
William D Budinger Founding Director | Trustee | 1 | $0 |
John Fitzpatrick Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Texas Tech University System Program Service | 6/29/22 | $150,000 |
Bve Strategy Program Service | 6/29/22 | $138,000 |
Research Triangle Institute Program Service | 6/29/22 | $133,087 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $756,095 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,967,164 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,723,259 |
| Total Program Service Revenue | $0 |
| Investment income | $386,211 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $530,463 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,493,740 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $638,500 |
| 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. | $795,764 |
| Compensation of current officers, directors, key employees. | $39,788 |
| Compensation to disqualified persons | $650,014 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $62,250 |
| Other employee benefits | $217,573 |
| Payroll taxes | $91,016 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $33,071 |
| Fees for services: Other | $0 |
| Advertising and promotion | $5,775 |
| Office expenses | $67,573 |
| Information technology | $74,125 |
| Royalties | $0 |
| Occupancy | $58,195 |
| Travel | $156,646 |
| 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 | $10,795 |
| All other expenses | $1,301,191 |
| Total functional expenses | $4,162,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,066,509 |
| 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 | $0 |
| Investments—publicly traded securities | $8,946,092 |
| Investments—other securities | $2,400,629 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,413,230 |
| Accounts payable and accrued expenses | $92,277 |
| 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 | $92,277 |
| Net assets without donor restrictions | $15,320,953 |
| 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 | $15,413,230 |
Grants Awarded
Over the last fiscal year, Rodel Charitable Foundation De has awarded $635,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Washington, DC PURPOSE: RESTRICTED SUPPORT FOR ASPEN INSTITUTE BUSINESS AND SOCIETY PROGRAM. | $200,000 |
New York, NY PURPOSE: RESTRICTED SUPPORT FOR THE EARTH INSITUTUE | $100,000 |
New York, NY PURPOSE: RESTRICTED SUPPORT TO THE ETHICAL SYSTEM | $100,000 |
DEMOCRACY A JOURNAL OF IDEAS INC PURPOSE: SUPPORT FOR DEMOCRACY: A JOURNAL OF IDEAS | $75,000 |
Berkeley, CA PURPOSE: SUPPORT OF POLICY IMPACT (PATRIOTS AND PRAGMATISTS) | $50,000 |
Washington, DC PURPOSE: UNRESTRICTED SUPPORT | $50,000 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Rodel Charitable Foundation De has recieved totaling $731,475.
| Awarding Organization | Amount |
|---|---|
Massachusetts Higher Education Assistance Corporation Boston, MA PURPOSE: EDUCATION AND CAREER EXPLORATION | $566,666 |
American Heart Association Inc Dallas, TX PURPOSE: EARLY CARE AND EDUCATION | $98,309 |
Prevent Child Abuse Delaware Inc Wilmington, DE PURPOSE: FOR SUPPORT OF PROGRAM MISSION | $50,000 |
Education Trust Inc Washington, DC PURPOSE: Support | $16,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Naval Institute Foundation Incorporated Annapolis, MD | $16,478,320 | $8,459,950 |
Baltimore City Foundation Inc Baltimore, MD | $20,625,141 | $25,532,138 |
Paula And Jerry Gottesman Family Supporting Foundation Inc Whippany, NJ | $103,919,025 | $11,534,966 |
The Jimmy And Berta Khezrie Charitable Foundation Long Branch, NJ | $561,838 | $13,044 |
The Harry Halloran Jr Charitable Trust Philadelphia, PA | $26,412,399 | $8,412,088 |
Serv Properties And Management Inc Ewing, NJ | $27,477,154 | $8,087,563 |
The Richman Family Foundation Inc Baltimore, MD | $21,774,672 | $824,650 |
Rodel Charitable Foundation De Wilmington, DE | $15,413,230 | $5,493,740 |
Dbs Foundation Holdings Harrisburg, PA | $361,345 | $2,360,629 |
Christian Health Care Center Foundation Inc Wyckoff, NJ | $4,956,233 | $3,913,084 |
Helena Devereux Foundation Villanova, PA | $208,303,000 | $15,868,103 |
Ncf Supporting Organization Wilmington, DE | $1,802,740 | $4,444,698 |