2015-05-12T07:51:29-05:00 2014-06-30 510076769 GUNNIP & COMPANY LLP 2751 CENTERVILLE RD STE 300 WILMINGTON DE 19808 990 2013-07-01 911944585 RODEL CHARITABLE FOUNDATION - DE RODE 3025711536 PO BOX 1636 WILMINGTON DE 19899 PAUL HERDMAN PRESIDENT AND CEO 3025711536 2015-05-08 1 KATHERINE L SILICATO P00543107 3022255000 2013 2016-02-25 16:41:14Z PAUL HERDMAN PO BOX 1636 WILMINGTON DE 19899 9658730 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 18 0 -721 -721 135007 700 0 0 864785 2042496 36242 560613 1036034 2603809 1589201 1628888 0 0 1696237 1824104 0 0 0 1321378 2060394 4606816 5513386 -3570782 -2909577 28678724 28200357 28696 500122 28650028 27700235 THE ORGANIZATION WAS FORMED AS A SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3) TO SUPPORT THE DELAWARE COMMUNITY FOUNDATION. 0 0 4822280 1628888 AS A NONPROFIT WITH THE GOAL OF HELPING DELAWARE BUILD WORLD-CLASS SCHOOLS BY 2020, THE RODEL FOUNDATION OF DELAWARE WORKS TO IMPLEMENT THIS VISION IN MANY WAYS; PROMOTING POLICY CHANGES THAT CAN HAVE A HUGE IMPACT STATEWIDE, LIKE RAISING ACADEMIC STANDARDS, USING TIMELY DATA TO MAKE DECISIONS, AND INVESTING IN OUR YOUNGEST LEARNERS. PROVIDING SEED FUNDING TO INNOVATIVE, POTENTIALLY HIGH-IMPACT INITIATIVES, LIKE THE VISION NETWORK OF DELAWARE, WHICH SUPPORTS MORE THAN TWO DOZEN DISTRICT AND PUBLIC CHARTER SCHOOLS. WHETHER IDEAS COME FROM SEAFORD OR SINGAPORE, OUR STRATEGY IS SIMPLE, DO MORE OF WHAT WORKS CREATING AND LEADING DIVERSE STATEWIDE PARTNERSHIPS THAT CATALYZE ACTION, INCLUDING VISION COALITION, ONE OF THE MOST ENDURING AND EFFECTIVE PUBLIC-PRIVATE PARTNERSHIPS OF ITS KIND IN THE COUNTRY. 4822280 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 18 0 1 18 1 0 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 210000 66789 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 304401 0 39364 MADELINE M BAYNARD MPA VICE PRESIDENT, POLICY AND PRACTICE 40.00 X 127113 0 32511 REX L VARNER MBA CHIEF OPERATING OFFICER 40.00 X 190400 0 20352 621914 210000 159016 3 0 1 0 PARTHENON GROUP LLC 50 ROWES WHARF 6TH FLOOR BOSTON MA 02110 CONSULTING 701000 1 700 700 362981 -721 363702 8734436 7054921 1679515 1679515 1679515 PROGRAM INCOME 900099 525175 525175 LOAN INTEREST INCOME 900099 35438 35438 560613 2603809 0 -721 2603830 X 1628888 1628888 852716 738047 114669 628268 513062 115206 32765 21642 11123 223992 159749 64243 86363 71954 14409 10356 10356 9075 9075 58093 58093 1326563 1315564 10999 75936 75936 55831 24441 31390 53458 31254 22204 43333 43333 7267 7235 32 168666 167284 1382 4595 4595 3722 3722 ADMINISTRATIVE FEES 84964 13377 71587 ACF ALLOCATED EXPENSES 50745 50745 OTHER EXPENSES 44982 29447 15535 TRAINING 38408 38408 24400 24400 5513386 4822280 691106 0 1262619 1894747 850000 850000 1299 499971 490157 12233 9814 22069891 21099693 4474403 4346103 8279 28678724 28200357 28696 500122 28696 500122 X 28650028 27700235 28650028 27700235 28678724 28200357 X -2909577 1859784 100000 0 X 0 1 X 0 0 X X X X 0 0 0 DELAWARE COMMUNITY FOUNDATION 222804785 7 1 1 1 84964 1 84964 288 288 4821992 4822280 391114 97779 0 0 326077 363628 341834 391114 1422653 2133980 5888 1860 288 8036 81519 90907 85459 97779 355664 533496 236693 232565 4128 263278 257592 5686 9814 HIRTLE ABSOLUTE & TOTAL RETURN OFF SHORE FUND 2710070 F HIRTLE-PRIVATE EQUITY FUNDS 1636033 F 4346103 X 4463593 1859784 1859784 2603809 0 2603809 5513386 0 5513386 0 5513386 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, 2014 AND 2013. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 6932875 0 0 0 0 0 0 6932875 0 6932875 0 0 0 1 0 0 1 ASPEN INSTITUTE ONE DUPONT CIRCLE NW SUITE 700 WASHINGTON DC 20036 840399006 501(C)(3) 175000 NATIONAL SUPPORT FROM STRATEGIC FUND DELAWARE BUSINESS ROUNDTABLE EDUCATION COMMITTEE 100 W 10TH ST SUITE 106 WILMINGTON DE 19801 562364584 501(C)(3) 53600 OPERATIONAL SUPPORT DELAWARE CHARTER SCHOOLS NETWORK 100 W 10TH STREET SUITE 1012 WILMINGTON DE 19801 510414527 501(C)(3) 30000 GENERAL AND OPERATIONAL SUPPORT DELAWARE PUBLIC POLICY INSTITUTE 1201 N ORANGE ST SUITE 200 WILMINGTON DE 19801 510329200 501(C)(3) 50000 DELAWARE EDUCATION POLICY RESEARCH FIRST STATE MILITARY ACADEMY 3 SHINNECOCK ROAD DOVER DE 19904 450672529 501(C)(3) 75000 NEW CHARTER SCHOOL-START-UP GRANT GREAT OAKS FOUNDATION ONE MONROE STREET NEW YORK NY 10002 275281234 501(C)(3) 75000 SUPPORT OF CHARTER APPLICATION AND PREPARATION HOPE STREET GROUP PO BOX 845113 LOS ANGELES CA 90084 450497577 501(C)(3) 10000 DELAWARE NATION TEACHER FELLOW INNOVATIVE NETWORK FOR COMMUNITIES 156 GROVER LANE TAMWORTH NH 03886 205097409 501(C)(3) 7500 NATIONAL SUPPORT FROM STRATEGIC FUND INNOVATIVE SCHOOLS DEVELOPMENT CORPORATION 100 W 10TH STREET SUITE 403 WILMINGTON DE 19801 550793336 501(C)(3) 741688 EDUCATIONAL SUPPORT FOR THE DELAWARE LEADERSHIP PROJECT LATIN AMERICAN COMMUNITY CENTER 403 NORTH VANBUREN STREET WILMINGTON DE 19805 237047048 501(C)(3) 15000 SUPPORT OF EARLY CHILDHOOD WORK LEADERSHIP DELAWARE INC 1207 DELAWARE AVENUE WILMINGTON DE 19806 263527196 501(C)(3) 10000 PROGRAM SPONSORSHIP MUSIC ASSOCIATES OF ASPEN INC 2 MUSIC SCHOOL ROAD ASPEN CO 81611 840445087 501(C)(3) 30000 EDUCATION ACTIVITIES SUPPORT STRATEGIC FUND NATIONAL PUBLIC EDUCATION SUPPORT FUND 3205 R STREET NW WASHINGTON DC 20007 263015634 501(C)(3) 10000 NATIONAL EDUCATION POLICY RESEARCH SUPPORT FROM STRATEGIC FUND NEW CASTLE COUNTY VOCATIONAL TECHNICAL SCHOOL DISTRICT 1417 NEWPORT ROAD WILMINGTON DE 19804 516000279 501(C)(3) 13451 GRANT TO SUPPORT VIDEO CONFERENCING SUSTAINABLE SETTINGS 6107 HIGHWAY 133 CARBONDALE CO 81623 841610236 501(C)(3) 7500 OPERATIONAL SUPPORT FROM STRATEGIC FUND TEACH FOR AMERICA INC 100 W 10TH ST SUITE 500 WILMINGTON DE 19801 133541913 501(C)(3) 100300 EDUCATIONAL SUPPORT TEACH PLUS INC 27-43 WORMWOOD STREET TOWER POINT SUITE 410 BOSTON MA 02210 263849472 501(C)(3) 7500 TECHNICAL SUPPORT, RODEL TEACHER COUNCIL THE DELAWARE MET 304 WELDIN ROAD WILMINGTON DE 19803 463257372 501(C)(3) 75000 NEW CHARTER SCHOOL-START-UP GRANT THE PARTNERSHIP INC PO BOX 671 WILMINGTON DE 19899 510385339 501(C)(3) 7500 SUPPORT FOR SUPERSTARS IN EDUCATION THIRD WAY FOUNDATION 1101 14TH STREET NW SUITE 11250 WASHINGTON DC 20005 521629221 501(C)(3) 10000 GRANT TO PPI/THIRD WAY FOUNDATION FOR GENERAL SUPPORT AND NEW YORK PROJECT VISION NETWORK 100 W 10TH ST SUITE 308 WILMINGTON DE 19801 454866878 501(C)(3) 95000 SUPPORT FOR COMMON CORE DEMONSTRATION SITE 21 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 210000 0 0 0 0 0 34799 0 31990 0 276789 0 0 PAUL HERDMAN EDD PRESIDENT AND CEO 304401 0 0 0 0 0 0 0 39364 0 343765 0 0 0 MADELINE M BAYNARD MPA VICE PRESIDENT, POLICY AND PRACTICE 127113 0 0 0 0 0 0 0 32511 0 159624 0 0 0 REX L VARNER MBA CHIEF OPERATING OFFICER 190400 0 0 0 0 0 0 0 20352 0 210752 0 0 0 FORM 990, PART V, LINES 2A AND 2B RODEL CHARITABLE FOUNDATION HAD 18 EMPLOYEES DURING THE 2013 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 LATEST SURVEY WAS CONDUCTED IN 2010 BY KOYA CONSULTING. 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. BENCHMARKS FOR FOR SALARY RANGES AND SPECIFIC POSITION COMPENSATION LEVELS INCLUDE A CUSTOMIZED SALARY SURVEY CONDUCTED BY KOYA CONSULTING FOR THE FOUNDATION IN 2010 AND 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 1,315,564. MANAGEMENT AND GENERAL EXPENSES 10,999. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,326,563. 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 84964 ADMINISTRATIVE FEES PAID