2014-11-17T13:24:39-06:00 2014-06-30 202153727 SB & Company LLC 200 International Circle Suite 5500 Hunt Valley MD 21030 990 2013-07-01 201372435 Delaware State University Foundation Inc DELA 3028577801 1200 North Dupont Highway Dover DE 19901 Michelle Martin Controller 3028577801 2014-11-17 1 Pamela Gray P01237506 4105840060 2014-11-14 2013 2015-11-30 17:44:51Z Carolyn Curry 1200 North Dupont Highway Dover DE 19901 14434495 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 4 0 0 0 0 1320707 2895088 0 0 541100 577120 7262 -46876 1869069 3425332 1128251 1170968 0 0 0 259344 0 0 0 716052 836914 1844303 2267226 24766 1158106 16360693 18632865 640952 656790 15719741 17976075 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 2182178 1170968 To create a large monetary fund to support the programs, projects, students, and enterprise undertaken in the interest of Delaware State University. 2182178 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 16 0 0 0 0 0 0 0 1 1 0 0 0 0 X 4 4 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 Carolyn Curry President/CEO 20.00 60.00 X X 0 236293 50981 Harry Williams President/University 5.00 60.00 X X 0 365602 78870 Jose Echeverri Secretary/Treasurer 4.00 5.00 X X 0 0 0 James Stewart Chairman 4.00 5.00 X X 0 0 0 0 601895 129851 0 0 1 0 0 198483 2696605 2895088 232616 232616 11226049 10881545 344504 344504 344504 80742 198483 127618 -46876 -46876 3425332 0 0 530244 1170968 1170968 259344 259344 42396 10 42386 444183 434633 9550 81757 81379 378 91063 80645 10418 60693 47852 12841 4765 4765 3571 3571 Awards & gifts 56445 55181 1264 Miscellaneous expense 52041 43830 8211 2267226 2182178 85048 0 3450432 2798989 435118 1528118 9894 25000 23213 5358 1787 11226049 13117463 1233842 1186508 16360693 18632865 104219 114382 480779 439929 55954 102479 640952 656790 X 1603528 1590304 7561873 8581054 6554340 7804717 15719741 17976075 16360693 18632865 1158106 1098228 0 X X 0 1 X 1 0 X X X X 1 0 0 Delaware State University 510305893 2 1 1 1 1170968 1 1170968 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 11470085 1218087 1490066 376889 13801349 10427404 409053 1008802 375174 11470085 12002499 49564 -1166703 457956 10427404 9606558 31943 2767561 403563 12002499 8264301 333482 1157193 148418 9606558 0.57000 0.43000 0 0 25000 23213 1787 1787 Money Market Funds 33308 F Fixed Income Funds 4448596 F US Equity Funds 5296188 F Non-US Equity Funds 3239371 F Leading Edge Ventures I 100000 C 13117463 Investment in Schwartz Theater 1186508 1186508 Due to Delaware State University 102479 102479 X 4651178 1098228 127618 1225846 3425332 0 3425332 2394844 127618 127618 2267226 0 2267226 Part V, Line 4: Scholarships and University support. 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, 2014, 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, 2014, the statute of limitations for tax years 2010 through 2013 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 127,618. Part XII, Line 2d - Other Adjustments: Fundraising Expenses 127,618. Firefly Fundraising Event 124994 124994 13880 President S-Ball 83295 56998 26297 1555 37002 5000 14364 5 49876 16491 33385 986 86 37424 4988 6732 258165 198483 59682 2541 13966 74426 9988 21096 122017 -62335 1 Delaware State University 510305893 501(c)(3) 1170968 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 Carolyn Curry President/CEO 0 191793 0 25000 0 19500 0 47123 0 3858 0 287274 0 0 Harry Williams President/University 0 272602 0 60000 0 33000 0 73602 0 5268 0 444472 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 Each board member receives a copy of the 990 to review and to make any comments are changes. Once all changes and a final approval is received from each board members, the 990 form is signed by the Controller or President and mailed. 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. Form 990, Part XII, Line 2c: The process has not changed from prior year. 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