2014-01-14T16:46:35-06:00 2013-06-30 202153727 SB & Company LLC 200 International Circle Suite 5500 Hunt Valley MD 21030 990 2012-07-01 201372435 Delaware State University Foundation Inc DELA 3028577801 1200 North Dupont Highway Dover DE 19901 Amir Mohammadi 3028577801 2014-01-14 1 Pamela Gray P01237506 4105840060 2013-12-30 2012 2015-11-30 17:44:51Z Carolyn Curry 1200 North Dupont Highway Dover DE 19901 4254077 0 X www.desu.edu X 2006 DE To secure and administer private funds in support of academic programs, student scholarships, faculty development, public service initiatives, and other priorities of Delaware State University. 4 2 0 0 0 0 1970869 1320707 0 0 -26789 541100 -21734 7262 1922346 1869069 971447 1128251 0 0 0 0 0 0 0 727321 716052 1698768 1844303 223578 24766 15580128 16360693 521206 640952 15058922 15719741 X Delaware State University Foundation, Inc promotes and fosters the educational interests of Delaware State University, a publicly supported institution of higher education and a corporation of the State of Delaware. The Foundation seeks to create a sizeable monetary fund to be used for any program, project, or enterprise undertaken in the interest of the University. 0 0 1793002 1128251 To create a large monetary fund to support the programs, projects, students, and enterprise undertaken in the interest of Delaware State University. 1793002 1 1 0 0 0 0 0 0 0 1 1 1 0 1 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 12 0 1 0 0 0 0 0 0 1 1 0 0 0 0 X 4 2 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 DE X X The Organization 3028577801 1200 North Dupont Highway Dover DE 19901 Amir Mohammadi 5.00 40.00 X X 0 216187 103770 Carolyn Curry 20.00 40.00 X X 0 235167 112880 Jose' F Echeverri 3.00 X X 0 0 0 James Stewart 3.00 X X 0 0 0 Dr Harry Williams 5.00 40.00 X 0 358852 172249 0 810206 388899 0 0 1 0 0 77220 1243487 5462 1320707 219466 219466 2637260 2315626 321634 321634 321634 76644 77220 69382 7262 7262 1869069 0 0 548362 X 1128251 1128251 30168 30168 203394 203394 6293 6293 198118 182503 15615 325 325 47364 46593 771 3802 3802 3571 3571 450 450 Awards & gifts 220000 218116 1884 Miscellaneous expense 2567 154 2413 1844303 1793002 51301 0 3599116 3450432 135741 435118 12698 9894 25000 19642 8929 5358 10538687 11226049 1284957 1233842 15580128 16360693 10255 104219 445686 480779 65265 55954 521206 640952 X 1568115 1603528 7011150 7561873 6479657 6554340 15058922 15719741 15580128 16360693 24766 636053 0 X 0 1 X 0 0 X X X X 1 0 0 Delaware State University 510305893 2 1 1 1 1166393 1 1166393 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 10427404 409053 1008802 375174 11470085 12002499 49564 -1166703 457956 10427404 9606558 31943 2767561 403563 12002499 8264301 333482 1157193 148418 9606558 1122719 10760889 -3619307 8264301 0.57140 0.42860 0 0 25000 19642 5358 5358 Mutual Funds 11226049 F 11226049 Investment in Schwartz Theater 1233842 1233842 Due to Delaware State University 55954 55954 X 2574504 636053 69382 705435 1869069 0 1869069 1913685 69382 69382 1844303 0 1844303 Description of Intended Use of Endowment Funds: Part V, Line 4: Scholarships and University support. Description of Uncertain Tax Positions Under FIN 48: Part X, Line 2: The Foundation is exempt from taxation other than net unrelated business income tax under the provisions of Section 501(c)(3) of the Internal Revenue Code. Accordingly, no income tax expense has been provided in the accompanying financial statements. The Foundation has adopted the authoritative guidance relating to accounting for uncertainty in income taxes included. These provisions provide consistent guidance for the accounting for uncertainty in income taxes recognized in an entity's financial statements and prescribe a threshold of "more likely than not" for recognition of tax positions taken or expected to be taken in a tax return. The Foundation performed an evaluation of uncertain tax positions as of June 30, 2013, and determined that there were no matters that would require recognition in the accompanying financial statements or which may have any effect on its tax-exempt status. As of June 30, 2013, the statute of limitations for tax years 2009 through 2012 remains open with the U.S. Federal jurisdiction or the various states and local jurisdictions in which the Foundation files tax returns. It is the Foundation's policy to recognize interest and/or penalties related to uncertain tax positions, if any, in income tax expense. Part XI, Line 2d - Other Adjustments: Fundraising Expenses 69,382. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 69,382. President Scholarship Ball 85056 62908 22148 28710 5962 Alumni Scholarship Campaign 14381 1630 12751 1697 755 300 4 39790 12682 27108 4310 8652 5247 139227 77220 62007 6007 38117 300 11209 55633 6374 1 Delaware State University 1200 N DuPont Highway Dover DE 19960 510305893 501(c)(3) 1128251 To support academic programs, student scholarships, faculty development, public service initiatives, and other priorities of Delaware State University. 1 0 0 0 0 0 0 0 0 0 Amir Mohammadi 0 216187 0 0 0 0 0 0 0 103770 0 319957 0 0 Carolyn Curry 0 235167 0 0 0 0 0 0 0 112880 0 348047 0 0 Dr Harry Williams 0 358852 0 0 0 0 0 0 0 172249 0 531101 0 0 Form 990, Part VI, Section A, line 8b The Delaware State University Foundation does not have a committee with authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11 The Presient of Delaware State University Foundation (DSUF) or her designee upon completion of the draft 990 will send each voting board member a copy via hard copy or an electronically secured copy to review. Voting board members will be given 10 business days to review and make any suggestions. If any suggestions are made, these suggestions will be reviewed by the President of the DSUF and a response will be given to the voting board member requesting the change. Once all changes, edits or corrections are made and the 990 is signed by the Controller, the final 990 report will be sent back to the auditors for filing by the President of the DSUF or her designee. Form 990, Part VI, Section B, line 12c We are getting recertifications from board members and will do it annually. Currently our board membership is static and small discussions concerning conflicts are informally held during the term of the members. Form 990, Part VI, Section C, line 19 The Delaware State University Foundation makes its governing documents, conflict of interest policy, and financial statements available to the public upon request. Other Fees Form 990, Part IX, line 11g Professional fees: Program service expenses 159,474. Management and general expenses 0. Fundraising expenses 0. Total expenses 159,474. Catering: Program service expenses 23,043. Management and general expenses 0. Fundraising expenses 0. Total expenses 23,043. Professional services: Program service expenses 10,250. Management and general expenses 0. Fundraising expenses 0. Total expenses 10,250. Fellowship: Program service expenses 8,000. Management and general expenses 0. Fundraising expenses 0. Total expenses 8,000. Uniforms: Program service expenses 2,627. Management and general expenses 0. Fundraising expenses 0. Total expenses 2,627. Delaware State University 1200 N DuPont Highway Dover DE 19901 510305893 Education DE 501(c)(3) 170(b)(1)(A)(ii) N/A 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0