2016-03-15T00:00:00-05:00 2015-06-30 510076769 GUNNIP & COMPANY LLP 2751 CENTERVILLE RD STE 300 WILMINGTON DE 19808 990 2014-07-01 911944585 RODEL CHARITABLE FOUNDATION - DE RODE 3025711536 PO BOX 1636 WILMINGTON DE 19899 PAUL HERDMAN PRESIDENT AND CEO 3025711536 2016-03-17 1 MICHAEL A TROLIO P00357423 3022255000 2014 2016-08-17 19:52:53Z PAUL HERDMAN PO BOX 1636 WILMINGTON DE 19899 7024001 0 X WWW.RODELFOUNDATIONDE.ORG X 1999 DE THE ORGANIZATION WAS FORMED AS A SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3) TO SUPPORT THE DELAWARE COMMUNITY FOUNDATION. 9 9 23 0 1792 0 700 0 0 0 2042496 2281703 560613 444278 2603809 2725981 1628888 1655049 0 0 1824104 1914904 0 0 0 2060394 1666839 5513386 5236792 -2909577 -2510811 28200357 22813337 500122 24515 27700235 22788822 THE ORGANIZATION WAS FORMED AS A SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3) TO SUPPORT THE DELAWARE COMMUNITY FOUNDATION. 0 0 4485100 1655049 DURING THIS PERIOD, THE FOUNDATION'S SERVICE ACCOMPLISHMENTS INCLUDED: 1) WORKING WITH A PUBLIC-PRIVATE COALITION TO COLLECT THE INPUT OF OVER 4,000 DELAWAREANS INCLUDING MORE THAN 1,000 STUDENTS TO DEVELOP A STRATEGIC VISION FOR PUBLIC EDUCATION IN THE STATE ENTITLED "STUDENT SUCCESS 2025;" 2)SUPPORTING THE LAUNCH OF CAREER PATHWAYS FOR 2,500 STUDENTS ENTERING HIGH DEMAND FIELDS LIKE IT AND ADVANCED MANUFACTURING; AND 3) LEADING A COHORT OF DELAWARE TEACHERS, THE RODEL TEACHER COUNCIL, IN THEIR EFFORTS TO CONDUCT RESEARCH AND ADVANCE NEXT GENERATION LEARNING IN DELAWARE. 4485100 1 0 0 1 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 37 0 1 23 1 1 1 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X RICHARD GENTSCH 3025718004 PO BOX 1636 WILMINGTON DE 19899 DONALD V BUDINGER DIRECTOR 2.00 X 0 0 0 WILLIAM D BUDINGER DIRECTOR 2.00 X 0 0 0 SUSAN BUDINGER DIRECTOR & BOARD SECRETARY 2.00 X 0 0 0 D WAYNE HOLDEN CHAIR 2.00 X 0 0 0 H RAYE JONES AVERY DIRECTOR 2.00 X 0 0 0 FRED SEARS II TREASURER 2.00 X 0 205000 81968 RODMAN WARD III DIRECTOR 2.00 X 0 0 0 TONY ALLEN DIRECTOR 2.00 X 0 0 0 JAMES STEWART DIRECTOR 2.00 X 0 0 0 PAUL HERDMAN EDD PRESIDENT AND CEO 40.00 X 310480 0 42313 MADELINE M BAYNARD MPA VICE PRESIDENT, POLICY AND PRACTICE 40.00 X 135228 0 35728 REX L VARNER MBA CHIEF OPERATING OFFICER 40.00 X 193800 0 20498 639508 205000 180507 3 0 1 0 PARTHENON GROUP LLC 50 ROWES WHARF 6TH FLOOR BOSTON MA 02110 CONSULTING 444308 GMMB 3050 K STREET NW SUITE 100 WASHINGTON DC 20007 PROFESSIONAL SERVICES 141512 HARVARD UNIVERSITY CENTRAL ACCOUNTS RECE UNIVERISTY FINANCIAL SERVICES CAMBRIDGE MA 02138 FELLOWSHIP 128500 HENDY AVENUE CONSULTING LLC 105 NORFOLK STREET APT 10A NEW YORK NY 10002 TECHNICAL ASSISTANCE 111714 4 902608 1792 900816 5677115 4298020 1379095 1379095 1379095 PROGRAM INCOME 900099 411410 411410 LOAN INTEREST INCOME 900099 32786 32786 OTHER INCOME 900099 82 82 444278 2725981 0 1792 2724189 X 1655049 1655049 759762 624918 134844 860773 747904 112869 39947 34594 5353 157243 134926 22317 97179 83877 13302 12276 12276 2970 2970 130519 130519 805270 802139 3131 90508 90508 64900 31872 33028 59270 29549 29721 58323 58323 10057 10052 5 212175 184903 27272 12000 12000 11207 11207 ADMINISTRATIVE FEES 77064 12064 65000 TRAINING 46433 46433 OTHER EXPENSES 34717 26245 8472 ACF ALLOCATED EXPENSES 22650 22650 16500 16500 5236792 4485100 751692 0 1894747 1730743 850000 546987 550719 502159 9814 48560 21099693 16373671 4346103 4113376 28200357 22813337 500122 24515 500122 24515 X 27700235 22788822 27700235 22788822 28200357 22813337 X -2510811 -2400602 0 X 0 1 X 0 0 X X 1 DELAWARE COMMUNITY FOUNDATION 222804785 7 1 77064 0 1 77064 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 2496 2496 4482604 4485100 374255 93564 0 0 363628 341834 391114 374255 1470831 2206247 1860 288 2496 4644 90907 85459 97779 93564 367709 551564 236693 234980 1713 314026 267179 46847 48560 HIRTLE ABSOLUTE & TOTAL RETURN OFF SHORE FUND 2788829 F HIRTLE-PRIVATE EQUITY FUNDS 1324547 F 4113376 X 325379 -2400602 -2400602 2725981 0 2725981 5236792 0 5236792 0 5236792 PART X, LINE 2: DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: INCOME NOT RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA IMPOSE A THRESHOLD FOR DETERMINING WHEN AN INCOME TAX BENEFIT CAN BE RECOGNIZED IN REGARD TO UNCERTAIN TAX POSITIONS. THE FOUNDATION HAS DETERMINED THAT NO LIABILITY FOR UNCERTAIN TAX POSITIONS IS REQUIRED TO BE ACCRUED AND INCLUDED IN THE STATEMENTS OF FINANCIAL POSITION AS OF JUNE 30, 2015 AND 2014. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 5245571 0 0 0 0 0 0 5245571 0 5245571 0 0 0 1 0 0 1 DELAWARE BUSINESS ROUNDTABLE EDUCATION COMMITTEE 100 W 10TH ST SUITE 106 WILMINGTON DE 19801 562364584 501(C)(3) 55000 EDUCATION DELAWARE CHARTER SCHOOLS NETWORK 100 W 10TH STREET SUITE 1012 WILMINGTON DE 19801 510414527 501(C)(3) 13000 EDUCATION DELAWARE PUBLIC POLICY INSTITUTE 1201 N ORANGE ST SUITE 200 WILMINGTON DE 19801 510329200 501(C)(3) 50000 EDUCATION INNOVATIVE SCHOOLS DEVELOPMENT CORPORATION 100 W 10TH STREET SUITE 403 WILMINGTON DE 19801 550793336 501(C)(3) 860799 EDUCATION TEACH FOR AMERICA INC 100 W 10TH ST SUITE 500 WILMINGTON DE 19801 133541913 501(C)(3) 150000 EDUCATION THE PARTNERSHIP INC PO BOX 671 WILMINGTON DE 19899 510385339 501(C)(3) 7500 EDUCATION VISION TO LEARN 4023 KENNETY PIKE WILMINGTON DE 19807 453457853 501(C)(3) 20000 HUMAN SERVICES METROPOLITAN WILMINGTON URBAN LEAGUE 100 W 10TH ST SUITE 710 WILMINGTON DE 19801 510391465 501(C)(3) 12500 COMMUNITY IMPROVEMENT & CAPACITY BUILDING NATIONAL COUNCIL ON TEACHER QUALITY 1420 NEW YORK AVENUE NW SUITE 800 WASHINGTON DC 20005 043536571 501(C)(3) 5500 EDUCATION RELAY GRAUDATE SCHOOL OF EDUCATION 40 W 20TH ST 7TH FLOOR NEW YORK NY 10011 275316628 501(C)(3) 137750 EDUCATION ST ANDREW'S SCHOOL 350 NOXONTOWN ROAD MIDDLETOWN DE 19709 510079506 501(C)(3) 40000 EDUCATION NEW YORK UNIVERSITY LEONARD N STERN SCHOOL OF BUSINESS 40 W FOURTH ST 400 NEW YORK NY 10012 135562308 501(C)(3) 125000 EDUCATION ASPEN INSTITUTE ONE DUPONT CIRCLE NW SUITE 700 WASHINGTON DC 20036 840399006 501(C)(3) 150000 EDUCATION 13 0 PART I, LINE 2 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: THE BOARD OF DIRECTORS DETERMINES THE RECIPIENTS AND SIZE OF GRANTS MADE BY THE CORPORATION. GRANTS ARE MADE EITHER AS UNRESTRICTED OR RESTRICTED, AS DEEMED APPROPRIATE BY THE BOARD, IN ORDER TO ENSURE EFFECTIVE USE OF THE CORPORATION'S FUNDS FOR THE CHARITABLE PURPOSES AND IN THE MANNER INTENDED. THE RODEL FOUNDATION EMPLOYS A VARIETY OF TECHNIQUES TO ENSURE COMPLIANCE WITH CONDITIONS SPECIFIED BY THE GRANT. MONITORING IS GENERALLY ACCOMPLISHED THROUGH A COMBINATION OF ACTIVITIES SUCH AS INDEPENDENT EVALUATIONS, REVIEW OF GRANTEE REPORTS, GRANTEE MILESTONES, PHONE CONVERSATIONS, AND ON-SITE VISITS. X X X 0 0 0 0 0 0 0 0 0 FRED SEARS II TREASURER 0 205000 0 0 0 0 0 41993 0 39975 0 286968 0 0 PAUL HERDMAN EDD PRESIDENT AND CEO 310480 0 0 0 0 0 0 0 42313 0 352793 0 0 0 MADELINE M BAYNARD MPA VICE PRESIDENT, POLICY AND PRACTICE 135228 0 0 0 0 0 0 0 35728 0 170956 0 0 0 REX L VARNER MBA CHIEF OPERATING OFFICER 193800 0 0 0 0 0 0 0 20498 0 214298 0 0 0 FORM 990, PART V, LINES 2A AND 2B RODEL CHARITABLE FOUNDATION HAD 23 EMPLOYEES DURING THE 2014 CALENDAR YEAR. THESE EMPLOYEES ARE REPORTED ON THE FORM W-3 OF DELAWARE COMMUNITY FOUNDATION (THE SUPPORTED ORGANIZATION). FORM 990, PART VI, SECTION A, LINE 2 WILLIAM BUDINGER IS THE FATHER OF SUSAN BUDINGER. WILLIAM BUDINGER IS THE BROTHER OF DONALD BUDINGER. DONALD BUDINGER IS THE UNCLE OF SUSAN BUDINGER. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS INITIALLY REVIEWED BY THE FOUNDATION'S CHIEF OPERATING OFFICER AND THEN IT IS PRESENTED TO THE CEO AND BOARD TREASURER FOR DISCUSSION AND PRELIMINARY APPROVAL. THE BOARD TREASURER INFORMS BOARD MEMBERS OF THE AVAILABILITY OF THE REPORT, AND PRESENTS IT FOR REVIEW/DISCUSSION, AFTER WHICH IT IS APPROVED AND SUBMITTED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL BOARD MEMBERS AND ADVISORS. ANNUALLY BOARD MEMBERS ARE ASKED TO SIGN A CONFLICT OF INTEREST POLICY ACKNOWLEDGEMENT FORM. FORM 990, PART VI, SECTION B, LINE 15 15(A) THE COMPENSATION FOR THE CEO POSITION IS BENCHMARKED THROUGH A CUSTOMIZED SALARY SURVEY CONDUCTED FOR THE FOUNDATION AS REQUESTED BY THE PERSONNEL COMMITTEE OF THE BOARD. THE FOUNDATION ALSO PARTICIPATES IN AN ANNUAL COMPENSATION SURVEY BENCHMARK CONDUCTED BY THE POLICY INNOVATORS IN EDUCATION (PIE) NETWORK AND TANDEHILL HUMAN CAPITAL WHICH COMPARES SALARIES FOR THE CEO AND OTHER POSITIONS AGAINST 40 OTHER ORGANIZATIONS ACROSS THE U.S. THAT PERFORM WORK SIMILAR TO THE RODEL FOUNDATION. THE PERSONNEL COMMITTEE REVIEWS THE PERFORMANCE OF THE CEO AND BENCHMARK COMPENSATION DATA AND DETERMINES HIS MERIT INCREASE AND BONUS (IF GRANTED FOR THE YEAR). THE BOARD AFFIRMS THE PERSONNEL COMMITTEE'S DECISION. 15(B) THE ORGANIZATION HAS ESTABLISHED SALARY RANGES FOR ALL POSITIONS IN THE ORGANIZATION. SALARY RANGES ARE BENCHMARKED AND UPDATED EVERY FEW YEARS BASED ON MANAGEMENT ANALYSIS AND WITH AGREEMENT OF THE PERSONNEL COMMITTEE OF THE BOARD. SALARY RANGES AND COMPENSATION LEVELS ARE COMPARED TO AN ANNUAL COMPENSATION SURVEY BENCHMARK CONDUCTED BY THE POLICY INNOVATORS IN EDUCATION (PIE) NETWORK AND TANDEHILL HUMAN CAPITAL WHICH COMPARES SALARIES FOR ALL OFFICERS AND KEY EMPLOYEES OF THE FOUNDATION AGAINST 40 OTHER ORGANIZATIONS ACROSS THE U.S. THAT PERFORM WORK SIMILAR TO THE RODEL FOUNDATION. MERIT INCREASES AND BONUSES IF AWARDED ARE RECOMMENDED BY MANAGEMENT AND APPROVED BY THE PERSONNEL COMMITTEE AND BOARD EVERY YEAR AND ARE ALIGNED WITH THE SALARY RANGES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 802,139. MANAGEMENT AND GENERAL EXPENSES 3,131. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 805,270. FORM 990, PART XI, LINE 2C THE ORGANIZATION USES THE AUDIT COMMITTEE OF THE DELAWARE COMMUNITY FOUNDATION (OF WHICH RODEL IS A SUPPORTING ORGANIZATION) TO OVERSEE AND REVIEW THE ANNUAL FINANCIAL STATEMENT AUDIT. AFTER THIS REVIEW THE AUDIT IS SUBMITTED TO THE ORGANIZATION'S TREASURER AND BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. DELAWARE COMMUNITY FOUNDATION INC PO BOX 1636 WILMINGTON DE 19899 222804785 CHARITABLE FUND MANAGEMENT DE 501(C)(3) 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 DELAWARE COMMUNITY FOUNDATION INC M 77064 ADMINISTRATIVE FEES PAID