2012-03-22T13:07:57-05:00 2011-06-30 BELFINT LYONS & SHUMAN PA 1011 CENTRE ROAD SUITE 310 WILMINGTON DE 19805 990 2010-07-01 911944585 RODEL CHARITABLE FOUNDATION - DE RODE 3025711536 P O BOX 1636 WILMINGTON DE 19899 PAUL HERDMAN 3025711536 2012-03-12 1 JORDON ROSEN CPA 3022250600 2010 2016-02-24 21:20:13Z PAUL HERDMAN P O BOX 1636 WILMINGTON DE 19899 9903108 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. 7 7 13 0 7 0 178364 445141 0 0 511973 1322994 37250 46838 727587 1814973 847339 1682495 0 0 1175783 1200451 0 0 0 1148523 1269654 3171645 4152600 -2444058 -2337627 31746125 34452939 73873 86414 31672252 34366525 X THE ORGANIZATION WAS FORMED AS A SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3) TO SUPPORT THE DELAWARE COMMUNITY FOUNDATION. 0 0 3521534 1682495 IN FY 2011, THE RODEL CHARITABLE FOUNDATION OF DELAWARE INVESTED IN A RANGE OF PROGRAMS AND ACTIVITIES DESIGNED TO IMPROVE STUDENT ACHIEVEMENT IN DELAWARE. OUR EFFORTS FALL INTO THREE AREAS: THE IMPROVEMENT OF PUBLIC POLICY TO ACCELERATE STUDENT ACHIEVEMENT; SHARING BEST PRACTICES FROM AROUND THE NATION AND THE WORLD WITH SCHOOL DISTRICTS AND CHARTER SCHOOLS IN DELAWARE; AND THE ENGAGEMENT OF THE PUBLIC ON BEHALF OF BETTER SCHOOLS. WE DIRECTED OUR FINANCIAL AND STAFF SUPPORT TO MANY AREAS IN FY11, INCLUDING: (1) IMPLEMENTATION OF NUMEROUS RACE TO THE TOP INITIATIVES BEING IMPLEMENTED AT THE STATE, DISTRICT AND SCHOOL LEVELS, INCLUDING WORLD-CLASS TEACHER AND PRINCIPAL PREPARATION PROGRAMS; (2) THE REPOSITIONING OF THE VISION NETWORK TO ENHANCE ITS EFFECTIVENESS IN HELPING PRINCIPALS AND TEACHERS CREATE STRONG SCHOOL CULTURES AND LEARNING ENVIROMENTS FOR ALL STUDENTS; (3) EXPANDING THE PRESENCE OF TEACH FOR AMERICA IN DELAWARE--ASSISTING IT IN ESTABLISHING ITS DELAWARE OFFICES AND EXPANDING ITS CORP OF TEACHERS TO 47, LOCATED AT 13 SITES ACROSS THE CITY OF WILMINGTON--AND SUPPORTING THE LAUNCH OF THE DELAWARE LEADERSHIP PROGRAM FOR ASPIRING PRINCIPALS TO SERVE HIGH-NEED SCHOOLS; (4)SUPPORTING THE CONVENING OF A ONE-DAY SUMMIT FOR DELEGATES FROM STATES THAT WON RACE TO THE TOP FEDERAL GRANTS, AS WELL AS OTHER EVENTS AND INITIATIVES GEARED TOWARDS INFORMING AND ENGAGING THE PUBLIC IN EDUCATION REFORM ACTIVITIES AROUND THE STATE. 3521534 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 0 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 0 1 X 20 0 1 13 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 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 CONNIE BOND STUART 2.00 X 0 0 0 DONALD V BUDINGER 2.00 X 0 0 0 WILLIAM D BUDINGER 2.00 X 0 0 0 SUSAN BUDINGER 2.00 X 0 0 0 D WAYNE HOLDEN 2.00 X 0 0 0 HRAY JONES AVERY 2.00 X 0 0 0 FRED SEARS II 2.00 X 0 202441 42465 PAUL HERDMAN 40.00 X 276287 0 45798 DOROTHY JACOBSON 40.00 X 157667 0 31804 RICCARDO STOECKICHT 40.00 X 131026 0 30486 564980 202441 150553 3 0 1 0 0 445141 445141 695774 7 695767 8715355 8088135 627220 627220 627220 LOAN INTEREST INCOME 900099 45135 45135 FEDERAL INCOME TAX REF 900099 1680 1680 OTHER INCOME 900099 23 23 46838 1814973 0 7 1369825 1682495 1682495 522881 433189 89692 435634 353971 81663 41462 33784 7678 144774 112529 32245 55700 44907 10793 55058 53679 1379 73336 73336 82292 82292 23040 8887 14153 39287 23922 15365 21301 21301 3184 2702 482 232143 227009 5134 73239 73239 CONSULTING 426550 412847 13703 ADMINISTRATIVE FEES 98521 98521 ACF ALLOCATED EXPENSES 53664 53664 COMMUNICATIONS 41488 41488 TRAINING 21032 21032 25519 7833 17686 4152600 3521534 631066 0 1845107 1177017 10071 1325000 850000 65196 3897 482415 462433 76555 19982 23656832 27306524 4736588 5094200 30776 1319 31746125 34452939 73873 86414 73873 86414 X 31672252 34366525 31672252 34366525 31746125 34452939 X -2337627 5031900 X 0 1 0 X 0 X X X X 0 0 0 DELAWARE COMMUNITY FOUNDATION 222804785 7 1 1 1 98521 1 98521 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 5888 5888 3515646 3521534 326077 81519 0 0 326077 326077 489116 5888 5888 81519 81519 122279 234518 229050 5468 247897 233383 14514 0 19982 RODEL PEBBLES AA - MULTI-STRATEGY HEDGE FUND 146958 F HIRTLE - MULTI-STRATEGY HEDGE FUNDS 3132865 F HIRTLE - PRIVATE EQUITY FUNDS 1814377 F 5094200 1814973 4152600 -2337627 5031900 5031900 2694273 6845193 5031900 5031900 1813293 1680 1680 1814973 4150920 0 4150920 1680 1680 4152600 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2011 AND 2010. PART XII, LINE 4B - OTHER ADJUSTMENTS: FEDERAL INCOME TAX REFUND NETTED WITH EXPENSES ON FINANCIALS 1,680. PART XIII, LINE 4B - OTHER ADJUSTMENTS: FEDERAL INCOME TAX REFUND NETTED WITH EXPENSES ON FINANCIALS 1,680. 1 AMERICAN INSTITUTES FOR RESEARCH 1000 THOMAS JEFFERSON STREET NW WASHINGTON DC 20005 250965219 501(C)3 54122 VISION NETWORK EVALUATION UNIVERSITY OF DELAWARE 210 HULLIHEN HALL NEWARK DE 19716 516000297 501(C)3 26000 VISION NETWORK SUPPORT LEARNING LINK OF DELAWARE 100 W 10TH STREET SUITE 106 WILMINGTON DE 19801 270392320 501(C)3 196000 OPERATING SUPPORT GRANT THE NEW TEACHER PROJECT 186 JORALEMON STREET SUITE 300 BROOKLYN NY 11001 133850158 501(C)3 265803 DELAWARE TEACHER FELLOWS CULVER EDUCATIONAL FOUNDATION 1200 ACADEMY ROAD 159 CULVER IN 46511 350868071 501(C)3 25000 EDUCATION INNOVATIVE SCHOOLS DEVELOPMENT CORPORATION 100 W 10TH STREET SUITE 403 WILMINGTON DE 19801 550793336 501(C)3 661720 DELAWARE LEADERSHIP PROJECTS & OPERATIONAL SUPPORT LATIN AMERICAN COMMUNITY CENTER 403 N VAN BUREN STREET WILMINGTON DE 19805 237047048 501(C)3 40000 EDUCATION SUPPORT PRESTIGE ACADEMY 1121 THATCHER STREET WILMINGTON DE 19802 208285385 501(C)3 30000 EDUCATION SUPPORT SOCIAL VENTURE PARTNERS DELAWARE 100 W 10TH STREET STE 609 WILMINGTON DE 19801 593763612 501(C)3 10000 EDUCATION SUPPORT TEACH FOR AMERICA INC 714 MARKET ST SUITE 420 PHILADELPHIA PA 19106 133541913 501(C)3 100000 EDUCATION SUPPORT THE PARTNERSHIP INC PO BOX 671 WILMINGTON DE 19899 510385339 501(C)3 7500 EDUCATION SUPPORT ASIPIRA OF DELAWARE CHARTER OPERATIONS 100 W 10TH STREET SUITE 403 WILMINGTON DE 19801 516000279 501(C)3 7615 OPERATIONAL SUPPORT DELAWARE ACADEMY OF PUBLIC SAFETY AND SECURITY 179 STANTON CHRISTIANA ROAD NEWARK DE 19710 516000279 501(C)3 30000 OPERATIONAL SUPPORT DELAWARE CHARTER SCHOOLS NETWORK 100 W 10TH STREET SUITE 1012 WILMINGTON DE 19801 270392320 501(C)3 31000 EDUCATION SUPPORT DELAWARE DEPARTMENT OF EDUCATION 401 FEDERAL STREET SUITE 2 DOVER DE 19901 516000279 501(C)3 15000 EDUCATION SUPPORT DELAWARE PUBLIC POLICY INSTITUTE 1201 NORTH ORANGE STREET SUITE 201 WILMINGTON DE 19899 510329200 501(C)3 50000 EDUCATION SUPPORT 16 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: 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 0 202441 0 0 0 0 0 20756 0 21709 0 244906 0 0 PAUL HERDMAN 276287 0 0 0 0 0 16500 0 29298 0 322085 0 0 0 DOROTHY JACOBSON 157667 0 0 0 0 0 22000 0 9804 0 189471 0 0 0 RICCARDO STOECKICHT 131026 0 0 0 0 0 1188 0 29298 0 161512 0 0 0 FORM 990, PART V, LINES 2A AND 2B RODEL CHARITABLE FOUNDATION HAD 13 EMPLOYEES DURING THE 2010 CALENDAR YEAR. THESE EMPLOYEES ARE REPORTED ON THE FORM W-3 OF DELAWARE COMMUNITY FOUNDATION (A 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 SVP OF NATIONAL AND STATE PARTNERSHIPS, AND THEN 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 AT THE 1ST QUARTER BOARD MEETING, 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 BY A SURVEY CONDUCTED EVERY FEW YEARS, AS REQUESTED BY THE PERSONNEL COMMITTEE OF THE BOARD. THE LATEST SURVEY WAS CONDUCTED IN 2010 BY KOYA CONSULTING. EVERY YEAR, THE PERSONNEL COMMITTEE REVIEWS THE PERFORMANCE OF THE CEO AND DETERMINES HIS MERIT INCREASE AND BONUS (IF GRANTED FOR THE YEAR) WITHIN THE ESTABLISHED SALARY BAND FOR THE POSITION. 15(B) THE ORGANIZATION HAS A TABLE OF SALARY BANDS FOR ALL POSITIONS IN THE ORGANIZATION. THE SALARY BANDS ARE BENCHMARKED WITHIN THE MARKET FROM WHICH THE ORGANIZATION RECRUITS, AND THEY ARE UPDATED EVERY FEW YEARS AT THE REQUEST OF THE BOARD PERSONNEL COMMITTEE. THE LATEST BENCHMARKING OCCURED IN 2010. MERIT INCREASES AND BONUSES IF AWARDED ARE RECOMMENDED BY MANAGEMENT AND APPROVED BY THE PERSONNEL COMMITTEE AND BOARD EVERY YEAR, AND ABIDE BY THE RESPECTIVE SALARY BANDS OF THE POSITIONS EMPLOYEES HOLD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 5,031,900. FORM 990, PART XI, LINE 2C THE ORGANIZATION USES THE AUDIT COMMITTEE OF THE DELAWARE COMMUNITY FOUNDATION (A SUPPORTED 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 1 1 1 0 0 0 0 DELAWARE COMMUNITY FOUNDATION INC L 98521 ADMINISTRATIVE FEES PAID