2019-06-17T09:07:40-05:00 2018-12-31 232896692 BBD LLP 1835 MARKET STREET 3RD FLOOR PHILADELPHIA PA 19103 990 2018-01-01 510325362 DELAWARE AEROSPACE EDUCATION FOUNDATION DELA 3028341369 5 ESSEX DRIVE BEAR DE 197011602 STEPHANIE M G WRIGHT PRESIDENT AND CEO 3028341369 2019-06-17 1 JENNIFER SOLOT P00749373 2155677770 50.203.243.162 2019-06-17 10:07:34 ED P 00DFC0A595A2FE82130474829FF6C425B7596FCD 8837A190850F5CD245E5AA70DF77B417E26F19EE 2018 2019-02-21 02:37:17Z STEPHANIE M G WRIGHT 5 ESSEX DRIVE BEAR DE 197011602 356533 0 X WWW.DASEF.ORG X 1990 DE TO EDUCATE DE VALLEY RESIDENTS ABOUT EARTH'S ENVIRONMENT, SPACE SCIENCE, MATHEMATICS & TECHNOLOGY. 11 10 48 40 0 0 167628 193710 162986 152702 247 78 11457 10043 342318 356533 11450 14225 0 0 118168 117152 0 0 6298 232880 245127 362498 376504 -20180 -19971 11473066 11435919 22720 6086 11450346 11429833 X TO INSPIRE AND EDUCATE THE PEOPLE OF THE DELAWARE AND THE SURROUNDING AREA IN LEARNING ABOUT SCIENCE, SPACE, TECHNOLOGY, ENGINEERING, EARTH'S ENVIRONMENT AND MATHEMATICS (STEM) THROUGH THE USE OF ACADEMIES, EDUCATIONAL PROGRAMS, PROFESSIONAL DEVELOPMENT, SPECIAL EVENTS AND OUR MANY DONATED RESOURCES. DASEF STRIVES TO IMPROVE THE QUALITY OF LIFE THROUGH ITS ADVOCACY OF STEM EDUCATION, THE ENVIRONMENT, AND STRENGTHENING THE WORKFORCE. 0 0 334337 14225 152702 DASEF PROGRAMS ARE DRIVEN BY THE BELIEF THAT "WISDOM BEGINS WITH WONDER." CAPITALIZING ON NATURAL CURIOSITY THROUGH ACTIVITIES THAT INCLUDE A PROBLEM SOLVING COMPONENT ENRICHES THE APPLIED LEARNING PROCESS FOR PARTICIPANTS. THESE MULTI-DISCIPLINARY AND COOPERATIVE LEARNING PROGRAMS TEACH IN TANGIBLE WAYS THE SKILLS OF RESPONSIBLE DECISION MAKING, LEADERSHIP, TEAMWORK, CRITICAL AND CREATIVE THINKING, COMMUNICATION AND LISTENING SKILLS. DASEF IS IN THE MIDST OF A CAPITAL INITIATIVE TO COMPLETE THE INNOVATION TECHNOLOGY EXPLORATION CENTER (ITEC)A UNIQUE FACILITY IN KENT COUNTY, DELAWARE THAT WILL EMBODY RESPONSIBLE USE OF TECHNOLOGY ALONG WITH A STEWARDSHIP OF OUR PLANET AND ITS RESOURCES. AS OF DECEMBER 31, 2018, $10,890,432 HAS BEEN CAPITALIZED INTO THE PROJECT OF WHICH $9,081,725 IS CONSTRUCTION IN PROGRESS AND $1,808,707 RELATED TO THE ENVIRONMENTAL OUTPOST AND VARIOUS INFRASTRUCTURE WHICH HAS BEEN PLACED INTO SERVICE. 334337 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 48 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 10 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X PRESIDENT AND CEO 3028341369 5 ESSEX DRIVE BEAR DE 197011602 STEPHANIE MGWRIGHT EDD PRESID./CEO 30.00 X X 15000 0 0 JEAN M KRAEUTER SECRETARY 0.30 X X 0 0 0 BRIAN H WRIGHT TREASURER/FINANCIAL MANAGE 6.00 X X 7000 0 0 GARY P BELL CHAIRPERSON UNTIL 06/2018 0.60 X 0 0 0 CHARLIE T MICHELS CHAIRPERSON EFF. 07/2018 0.30 X 0 0 0 TERESA A CONNOR BOARD MEMBER 0.60 X 0 0 0 MITCHELL D HOUSER BOARD MEMBER 0.30 X 0 0 0 ANTHONY W LORUSSO BOARD MEMBER 0.30 X 0 0 0 WILLIAM O MCCABE BOARD MEMBER UNTIL 3/2018 0.30 X 0 0 0 RONALD E PATTERSON JR BOARD MEMBER EFF. 06/2018 0.30 X 0 0 0 PHILIP M SPAMPINATO BOARD MEMBER 0.30 X 0 0 0 ROBERT W BLOOM BOARD MEMBER 0.50 X 0 0 0 22000 0 0 0 0 0 0 0 5719 104654 83337 9239 193710 TUITION 900099 152702 152702 152702 78 78 MISCELLANEOUS 900099 10043 10043 10043 356533 152702 0 10121 14225 14225 22001 20498 1221 282 67490 62882 3744 864 27661 25772 1535 354 15084 10286 4798 9971 9971 28251 28251 411 411 87094 78385 8709 25973 23376 2597 REPAIRS AND MAINTENANCE 22575 22575 ACADEMY FACILITIY EXPEN 18943 18943 PROGRAM SUPPLIES 12822 12822 MISCELLANEOUS 12174 6726 5448 11829 9500 2329 376504 334337 35869 6298 85879 92317 193528 193592 12089472 966732 11165847 11122740 9132 10132 18680 17138 11473066 11435919 22720 6086 22720 6086 X 11396666 11377695 53680 52138 11450346 11429833 11473066 11435919 X -19971 1000 -1542 X 0 1 X 1 0 X 456844 255201 191852 167628 193710 1265235 3000 3000 3000 3000 3000 15000 459844 258201 194852 170628 196710 1280235 111668 1168567 86 209 147 247 78 767 1080 8358 10979 11457 10043 41917 1322919 731023 0.88330 0.94630 X 10890432 462805 10427627 268942 254748 14194 930098 249179 680919 11122740 X 396269 1000 40278 -1542 39736 356533 0 356533 416782 40278 40278 376504 0 376504 PART X, LINE 2: UNCERTAIN TAX POSITION UNDER ASC 740 GAAP REQUIRES ENTITIES TO EVALUATE, MEASURE, RECOGNIZE AND DISCLOSE ANY UNCERTAIN INCOME TAX POSITIONS TAKEN ON THEIR TAX RETURNS. GAAP PRESCRIBES A MINIMUM THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. THE ORGANIZATION BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS AS DEFINED IN GAAP. PART XI, LINE 2D - OTHER ADJUSTMENTS: DECREASE IN BENEFICIAL INTEREST IN NET ASSETS HELD BY COMMUNITY FOUNDATION -1,542. 1 SCHOLARSHIPS TO CHILDREN WITH FINANCIAL NEEDS 38 14225 PART I, LINE 2: GRANT FUNDS ARE RECEIVED DIRECTLY BY DASEF AND AWARDED TO PARTICIPANTS IN THE DELAWARE AEROSPACE ACADEMY BY THE CEO BASED UPON FINANCIAL NEEDS OR DONOR RESTRICTIONS. FORM 990, PART VI, SECTION A, LINE 2 RELATIONSHIP AMONG BOARD MEMBERS DR. STEPHANIE M. G. WRIGHT AND BRIAN WRIGHT HAVE A FAMILY RELATIONSHIP. FORM 990, PART VI, SECTION B, LINE 11B GOVERNING BODY REVIEW OF FORM 990 PRIOR TO FILING WITH THE IRS, A COPY OF FORM 990 IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW. THE COMMITTEE MEMBERS MAY COMMENT ON ANY PROPOSED CHANGES OR SUGGESTIONS TO MANAGEMENT. FORM 990, PART VI, SECTION B, LINE 12C MONITORING AND ENFORCEMENT OF CONFLICTS POLICY ANY MEMBER OF THE BOARD OF DIRECTORS OR MANAGEMENT WHO HAS A FINANCIAL, PERSONAL, OR OFFICIAL INTEREST IN OR CONFLICT (OR APPEARANCE OF CONFLICT) WITH ANY MATTER PENDING BEFORE THE BOARD, OF SUCH NATURE THAT IT PREVENTS OR MAY PREVENT THAT MEMBER FROM ACTING ON THE MATTER IN AN IMPARTIAL MANNER, WILL OFFER TO VOLUNTARILY EXCUSE HIM/HERSELF AND WILL REFRAIN FROM DISCUSSION AND/OR VOTING ON SAID ITEM OR ISSUE. FORM 990, PART VI, SECTION C, LINE 19 PUBLIC AVAILABILITY OF OTHER DOCUMENTS FORM 990 IS POSTED ON WWW.GUIDESTAR.ORG. GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART XI, LINE 9: DECREASE IN BENEFICIAL INTEREST IN NET ASSETS HELD BY COMMUNITY FOUNDATION -1,542. FORM 990, PART VII, COMPENSATION TO OFFICER AND BOARD MEMBERS ALL SALARIES PAID TO OFFICERS AND BOARD MEMBERS ARE FOR PROGRAM RELATED ACTIVITIES: [1] STEPHANIE M. G. WRIGHT (PRESIDENT AND CEO) IS PAID FOR MANAGING ALL PROGRAMS OF DASEF. [2] BRIAN H. WRIGHT (BOARD MEMBER AND FINANCIAL MANAGER) IS PAID FOR ASSISTING WITH PROGRAM OPERATIONS AND MAINTAINING THE BOOKS OF DASEF.