2012-08-01T06:55:52-05:00 2011-12-31 232896692 BBD LLP 1835 MARKET STREET 26TH FLOOR PHILADELPHIA PA 19103 990 2011-01-01 510325362 DELAWARE AEROSPACE EDUCATION FOUNDATION DELA 3028341369 5 ESSEX DRIVE BEAR DE 197011602 DR STEPHANIE M G WRIGHT EDD 3028341369 2012-07-18 1 MARIANNE MAK P00297744 2155677770 2011 2016-02-24 21:20:13Z DR STEPHANIE M G WRIGH 5 ESSEX DRIVE BEAR DE 197011602 311737 0 X WWW.DASEF.ORG X 1990 DE SEE PAGE 2, PART III, STATEMENT OF PROGRAM SERVICE ACCOMPLISHMENTS 16 11 55 85 0 0 338597 166915 129850 143159 3070 1018 383 645 471900 311737 10425 9125 0 0 97218 93963 0 0 5877 239091 236558 346734 339646 125166 -27909 10408788 10320121 68741 8404 10340047 10311717 X TO INSPIRE AND EDUCATE THE PEOPLE OF THE DELAWARE VALLEY IN LEARNING ABOUT THE EARTH'S ENVIRONMENT, SPACE SCIENCE, MATHEMATICS AND TECHNOLOGY THROUGH THE USE OF ACADEMIES, PRESENTATIONS, SYMPOSIUMS, PROFESSIONAL DEVELOPMENT, EVENTS AND ACTIVITIES AND THE RESOURCES OF THE ORGANIZATION'S EDUCATIONAL AND RECREATIONAL FACILITIES. 0 0 297310 9125 143159 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, 2011, $9,487,735 HAS BEEN CAPITALIZED INTO THE PROJECT OF WHICH $8,117,565 IS CONSTRUCTION-IN-PROCESS AND $1,370,170 RELATED TO THE ENVIRONMENTAL OUTPOST WHICH WAS BEEN PLACED INTO SERVICE. 297310 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 0 1 1 0 55 1 0 0 0 0 0 0 0 0 0 0 X 16 11 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 30.00 X X 15000 0 0 GARY P BELL 0.60 X 0 0 0 LT COL TERESA A CONNOR 0.60 X 695 0 0 SMSGT BRYAN FORD 0.30 X 625 0 0 MITCHELL D HOUSER 0.30 X 0 0 0 JEAN M KRAEUTER 0.30 X 0 0 0 CLINTON S LAIRD 0.30 X 0 0 0 ANTHONY W LORUSSO 0.30 X 0 0 0 MARK E MAJERUS 0.30 X 0 0 0 WILLIAM O MCCABE 0.30 X 0 0 0 CHARLIE MICHELS 0.30 X 0 0 0 MARC W SHEFFLER 0.90 X 0 0 0 BONNIE L SMITH 0.30 X 0 0 0 PHILIP M SPAMPINATO 0.30 X 0 0 0 MARGUERITE E VAVALLA 0.30 X 0 0 0 RICHARD E WATERHOUSE 0.50 X 4290 0 0 BRIAN H WRIGHT 6.00 X X 7000 0 0 27610 0 0 0 0 0 0 BANCROFT CONSTRUCTION INC 1300 N GRANT AVENUE STE 110 WILMINGTON DE 19806 CONSTRUCTION MGMT 164107 1 9629 18400 138886 166915 TUITION 900099 133065 133065 EDUCATION PROGRAMS 900099 10094 10094 143159 1018 1018 OTHERS 900099 645 645 645 311737 143159 0 1663 9125 9125 27610 19610 6500 1500 59676 59676 6677 6677 7295 2918 4377 8563 8563 17691 6959 10732 3150 3150 76682 76682 8734 8734 65181 58663 6518 22090 19881 2209 PROGRAM SUPPLIES 19822 19822 PROFESSIONAL FEES 7350 7350 339646 297310 36459 5877 51789 31177 428597 251715 41500 30000 10410045 418266 9871031 9991779 2157 2216 13714 13234 10408788 10320121 68741 8404 68741 8404 X 10265002 10243483 75045 68234 10340047 10311717 10408788 10320121 X -27909 -421 X 0 1 1 X 0 X 244557 575993 901327 338597 166915 2227389 3000 3000 3000 3000 3000 15000 247557 578993 904327 341597 169915 2242389 519740 1722649 22168 7411 15908 3070 1018 49575 2022 9137 337 383 645 12524 2304488 682986 0.74750 0.82850 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9487735 171074 9316661 246212 205866 40346 676098 41326 634772 9991779 311737 339646 -27909 59 -480 -421 -28330 378607 59 67291 -480 66870 311737 0 311737 406937 67291 67291 339646 0 339646 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: UNCERTAIN TAX POSITION UNDER FIN 48 DASEF BELIEVES THAT IT HAD NO UNCERTAIN TAX POSITIONS AS DEFINED IN FIN 48 AND, AS A RESULT, THE ADOPTION OF FIN 48 HAS HAD NO IMPACT ON DASEF'S FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: DECREASE IN BENEFICIAL INTEREST IN NET ASSETS HELD BY COMMUNITY FOUNDATION -480. PART XII, LINE 2D - OTHER ADJUSTMENTS: DECREASE IN BENEFICIAL INTEREST IN NET ASSETS HELD BY COMMUNITY FOUNDATION -480. 1 SCHOLARSHIPS TO CHILDREN WITH FINANCIAL NEEDS 41 9125 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, 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 EACH VOTING MEMBER OF THE GOVERNING BOARD FOR REVIEW. THE BOARD 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 59. DECREASE IN BENEFICIAL INTEREST IN NET ASSETS HELD BY COMMUNITY FOUNDATION -480. TOTAL TO FORM 990, PART XI, LINE 5: -421. 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] RICHARD E. WATHERHOUSE (BOARD MEMBER) IS PAID ON ON HOURLY BASIS FOR WRITING CURRICULUM FOR DASEF'S PROGRAMS; [4] TERESA A. CONNOR (BOARD MEMBER) IS PAID TO TEACH AT THE DELAWARE AEROSPACE ACADEMY AND TO HANDLE ALL ROCKETRY RELATED ACTIVITIES. [5] MSGT BRYAN FORD (BOARD MEMBER) IS PAID TO TEACH AT THE DELAWARE AEROSPACE ACADEMY.