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← DELAWARE TECHNICAL & COMMUNITY COLLEGE EDUCATIONAL FOUNDATION 866

Form 990 for tax year 2025

Filed by DELAWARE TECHNICAL & COMMUNITY COLLEGE EDUCATIONAL FOUNDATION 866.

Totals

Total revenue
$6,809,906
Total expenses
$4,510,869
Contributions and grants received
$5,146,204
Grants paid
$4,238,432
Program service revenue
$0
Investment income
$1,336,652
Other revenue
$327,050
Total assets, end of year
$44,654,510
Total liabilities, end of year
$259,733
Net assets or fund balances, end of year
$44,394,777
Program services expenses (Part IX)
$4,417,984
Management and general expenses
$92,885
Fundraising expenses
$0
Program service expenses (Part III)
$4,417,984

Program services were 97.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $5,146,204

  • 3 · Investment income

    total $1,048,601 · excluded $1,048,601

  • 7a · Gross sales of assets other than inventory

    securities $10,056,268

  • 7b · Less cost or other basis and sales expenses

    securities $9,768,217

  • 7c · Gain or loss

    securities $288,051

  • 7d · Net gain or loss

    total $288,051 · related or exempt $288,051

  • 8a · Fundraising events: gross income

    $494,378

  • 8b · Fundraising events: direct expenses

    $167,328

  • 8c · Net income from fundraising events

    total $327,050 · excluded $327,050

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,238,432 · program services $4,238,432

  • 5 · Compensation of officers, directors and key employees

    total $74,793 · program services $74,793

  • 11c · Fees: accounting

    total $71,080 · management and general $71,080

  • 22 · Depreciation, depletion and amortization

    total $104,759 · program services $104,759

  • 24a · Other expenses: COLLEGE-WIDE SUPPORT

    total $21,805 · management and general $21,805

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,493,919 · end of year $2,481,569

  • 3 · Pledges and grants receivable

    beginning of year $682,483 · end of year $665,667

  • 9 · Prepaid expenses and deferred charges

    beginning of year $53,532 · end of year $57,970

  • 10a · Land, buildings and equipment: cost or other basis

    $5,060,359

  • 10b · Land, buildings and equipment: accumulated depreciation

    $104,759

  • 10c · Land, buildings and equipment, net

    beginning of year $5,172,026 · end of year $4,955,600

  • 11 · Investments: publicly traded securities

    beginning of year $31,382,120 · end of year $35,441,244

  • 12 · Investments: other securities

    beginning of year $2,328 · end of year $2,328

  • 15 · Other assets

    beginning of year $1,050,132 · end of year $1,050,132

  • 17 · Accounts payable and accrued expenses

    beginning of year $138,185 · end of year $235,512

  • 25 · Other liabilities

    beginning of year $28,991 · end of year $24,221

  • 27 · Net assets without donor restrictions

    beginning of year $21,182,887 · end of year $23,233,700

  • 28 · Net assets with donor restrictions

    beginning of year $18,486,477 · end of year $21,161,077

Mission and programs · 2025

Mission

TO PROVIDE FINANCIAL ASSISTANCE TO DELAWARE TECHNICAL & COMMUNITY COLLEGE

  • AWARDS AND DONATIONS TO DELAWARE TECHNICAL & COMMUNITY COLLEGE FOR SUPPORT, EQUIPMENT, & IMPROVEMENT PURPOSES

    Expenses $3,090,239 · Grants $2,910,687

  • SCHOLARSHIPS

    Expenses $1,327,745 · Grants $1,327,745

As filed on the 2025 return.

Listed in Part VII

  • NANCY J SHEVOCK

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • PATTI A GRIMES

    VICE CHAIRMAN

    Total calculated
    $0
    Hours/week
    0

  • MICHAEL J HARE

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • ROBERT E HAGERTY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • DIANE F GLENN

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • W CHARLES PARADEE III

    SPECIAL TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • JAMES B PORTER JR

    SPECIAL TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • THOMAS ST JOHN

    SPECIAL TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • CINDY L SZABO ESQ

    SPECIAL TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • COLONEL JOSEPH A COOKE JR

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

  • DR MARK BRAINARD

    PRESIDENT

    Total calculated
    $458,664
    From this org
    $74,793
    From related orgs
    $363,637
    Other
    $20,234
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $2,343 + $362,250 related
    Bonus
    $72,450
    Other
    $0 + $1,387 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $20,234 related
    Filer's total
    $74,793 + $383,871 related

  • DR MICHAEL D REDMOND

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • DELAWARE TECHNICAL & COMMUNITY COLLEGE A DIVISION OF THE STATE OF DELAWARE

    115 · INSTITUTION OF HIGHER LEARNING · DE

Provenance

Return type
form_990
Tax year
2025
Filed
8 May 2026
IRS schema version
2025v4.1
Source object
202621319349304797

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