2014-08-15T14:48:38-05:00 2013-12-31 232896692 BBD LLP 1835 MARKET STREET 26TH FLOOR PHILADELPHIA PA 19103 990 2013-01-01 510325362 DELAWARE AEROSPACE EDUCATION FOUNDATION DELA 3028341369 5 ESSEX DRIVE BEAR DE 197011602 STEPHANIE M G WRIGHT PRESIDENT AND CEO 3028341369 2014-08-12 1 JENNIFER SOLOT CPA P00749373 2155677770 2013 2015-11-30 17:44:51Z STEPHANIE M G WRIGHT 5 ESSEX DRIVE BEAR DE 197011602 1138775 0 X WWW.DASEF.ORG X 1990 DE TO EDUCATE DE VALLEY RESIDENTS ABOUT EARTH'S ENVIRONMENT, SPACE SCIENCE, MATHEMATICS & TECHNOLOGY. 12 12 53 81 0 0 162834 979180 144642 158799 634 286 361 510 308471 1138775 9200 11525 0 0 88840 105395 0 0 1500 196809 223889 294849 340809 13622 797966 10337579 11135048 10801 8783 10326778 11126265 X TO INSPIRE & EDUCATE THE PEOPLE OF DELAWARE VALLEY IN LEARNING ABOUT THE EARTH'S ENVIRONMENT, SPACE SCIENCE, MATHEMATICS & TECHNOLOGY THROUGH THE USE OF ACADEMIES, PRESENTATIONS, SYMPOSIUMS, PROFESSIONAL DEVELOPMENT, EVENTS & ACTIVITIES & THE RESOURCES OF THE ORGANIZATION'S EDUCATIONAL & RECREATIONAL FACILITIES. 0 0 306355 11525 158799 PROVIDES INNOVATIVE AND CHALLENGING EDUCATIONAL EXPERIENCES THROUGH ITS SPONSORSHIP OF THE DELAWARE AEROSPACE ACADEMY, ROCKETS FOR SCIENCE PROGRAM, LAUNCHING A DREAM PROGRAM AND OTHER PROGRAMS TO YOUNG PEOPLE AND TEACHERS IN THE STATE OF DELAWARE. DASEF IS IN THE MIDST OF A CAPITAL CAMPAIGN TO CONSTRUCT 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, 2013, $9,741,285, HAS BEEN CAPITALIZED INTO THE PROJECT OF WHICH $7,954,020 IS CONSTRUCTION-IN-PROCESS AND $1,787,265 RELATED TO THE ENVIRONMENTAL OUTPOST AND VARIOUS INFRASTRUCTURE WHICH WAS BEEN PLACED INTO SERVICE. 306355 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 2 0 53 1 0 0 0 0 0 0 0 0 0 0 X 12 12 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 (SEE SCH O) 30.00 X X 15000 0 0 GARY P BELL BOARD MEMBER 0.60 X 0 0 0 LT COL TERESA A CONNOR BOARD MEMBER (SEE SCH O) 0.60 X 695 0 0 SMSGT BRYAN FORD BOARD MEMBER (SEE SCH O) 0.30 X 695 0 0 MITCHELL D HOUSER BOARD MEMBER 0.30 X 0 0 0 JEAN M KRAEUTER BOARD MEMBER 0.30 X 0 0 0 ANTHONY W LORUSSO BOARD MEMBER 0.30 X 0 0 0 WILLIAM O MCCABE BOARD MEMBER 0.30 X 0 0 0 CHARLIE MICHELS BOARD MEMBER 0.30 X 0 0 0 MARC W SHEFFLER BOARD MEMBER 0.90 X 0 0 0 PHILIP M SPAMPINATO BOARD MEMBER 0.30 X 0 0 0 BRIAN H WRIGHT FINANCIAL MNGR (SEE SCH O) 6.00 X X 7000 0 0 23390 0 0 0 0 0 0 0 9520 841702 127958 979180 TUITION 900099 155298 155298 EDUCATION PROGRAMS 900099 3501 3501 158799 286 286 OTHERS 900099 510 510 510 1138775 158799 0 796 11525 11525 23390 15390 6500 1500 74515 74515 7490 7490 7200 7200 5774 2714 3060 7861 7861 13783 8574 5209 2208 413 1795 66977 66977 8059 8059 73114 65803 7311 18786 16907 1879 PROGRAM SUPPLIES 20127 20127 340809 306355 32954 1500 62456 51209 184368 219492 33088 599655 10801090 554808 10040778 10246282 2479 2516 14410 15894 10337579 11135048 10801 8783 10801 8783 X 10293368 10489519 33410 636746 10326778 11126265 10337579 11135048 797966 37 1484 X 0 1 X 1 0 X 901327 338597 166915 162834 979180 2548853 3000 3000 3000 3000 3000 15000 904327 341597 169915 165834 982180 2563853 183220 2380633 15908 3070 1018 634 286 20916 337 383 645 361 510 2236 2587005 701493 0.92020 0.79580 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9741285 244503 9496782 251537 222545 28992 808268 87760 720508 10246282 X 1183788 37 43492 1484 45013 1138775 0 1138775 384301 43492 43492 340809 0 340809 PART X, LINE 2: UNCERTAIN TAX POSITION UNDER ASC 740 DASEF HAS ADOPTED AN ACCOUNTING STANDARD REGARDING UNCERTAIN TAX POSITIONS. THE STANDARD PRESCRIBES A MINIMUM THRESHOLD THAT A TAX POSITION IS REQUIRED TO MEET IN ORDER TO BE RECOGNIZED IN THE FINANCIAL STATEMENTS. DASEF BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS AS DEFINED IN THE STANDARD AND, AS A RESULT, THE ADOPTION OF THE STANDARD HAS HAD NO IMPACT ON DASEF'S FINANCIAL STATEMENTS. THE TAX RETURNS OF DASEF FOR THE YEARS ENDED DECEMBER 31, 2010, 2011, AND 2012 ARE SUBJECT TO EXAMINATION BY THE INTERNAL REVENUE SERVICE AND OTHER VARIOUS TAXING AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: INCREASE IN BENEFICIAL INTEREST IN NET ASSETS HELD BY COMMUNITY FOUNDATION 1,484. 1 SCHOLARSHIPS TO CHILDREN WITH FINANCIAL NEEDS 55 11525 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 11 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 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; [3] TERESA A. CONNOR (BOARD MEMBER) IS PAID TO TEACH AT THE DELAWARE AEROSPACE ACADEMY. [4] MSGT BRYAN FORD (BOARD MEMBER) IS PAID TO TEACH AT THE DELAWARE AEROSPACE ACADEMY.