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Nonprofiteer
← DEL MAR COLLEGE FOUNDATION INC

Form 990 for tax year 2023

Filed by DEL MAR COLLEGE FOUNDATION INC.

Totals

Total revenue
$3,511,104
Total expenses
$3,511,416
Contributions and grants received
$2,787,054
Grants paid
$3,416,600
Program service revenue
$0
Investment income
$724,050
Other revenue
$0
Total assets, end of year
$35,106,844
Total liabilities, end of year
$326,447
Net assets or fund balances, end of year
$34,780,397
Program services expenses (Part IX)
$3,416,600
Management and general expenses
$94,816
Fundraising expenses
$0
Program service expenses (Part III)
$3,416,600

Program services were 97.3% 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

    $2,787,054

  • 3 · Investment income

    total $663,783 · excluded $663,783

  • 7a · Gross sales of assets other than inventory

    securities $2,315,035

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

    securities $2,254,768

  • 7c · Gain or loss

    securities $60,267

  • 7d · Net gain or loss

    total $60,267 · related or exempt $60,267

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,103,584 · program services $1,103,584

  • 2 · Grants to domestic individuals

    total $2,313,016 · program services $2,313,016

  • 11c · Fees: accounting

    total $13,151 · management and general $13,151

  • 11f · Fees: investment management

    total $52,876 · management and general $52,876

  • 24a · Other expenses: ADMINISTRATIVE NONPROGR

    total $9,106 · management and general $9,106

  • 24b · Other expenses: BANK AND CREDIT CARDS

    total $8,575 · management and general $8,575

  • 24c · Other expenses: SCHOLARSHIP RECEPTION

    total $8,228 · management and general $8,228

  • 24d · Other expenses: TECHNOLOGY

    total $1,651 · management and general $1,651

  • 24e · All other expenses

    total $1,229 · management and general $1,229

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,122,755 · end of year $1,409,575

  • 3 · Pledges and grants receivable

    beginning of year $509,859 · end of year $364,323

  • 4 · Accounts receivable

    beginning of year $11,906 · end of year $4,116

  • 11 · Investments: publicly traded securities

    beginning of year $28,185,957 · end of year $32,472,146

  • 12 · Investments: other securities

    beginning of year $818,243 · end of year $856,684

  • 17 · Accounts payable and accrued expenses

    beginning of year $86,941 · end of year $326,447

  • 27 · Net assets without donor restrictions

    beginning of year $7,345,239 · end of year $8,717,234

  • 28 · Net assets with donor restrictions

    beginning of year $24,216,540 · end of year $26,063,163

Mission and programs · 2023

Mission

DEL MAR COLLEGE FOUNDATION TRANSFORMS STUDENTS' LIVES AND THE AREA ECONOMY BY HELPING STUDENTS GET THE EDUCATION THEY NEED TO ACHIEVE THEIR CAREER AND PERSONAL GOALS.

Activities or mission (Part I)

SUPPORT STUDENT EDUCATION SUCCESS BY PROVIDING SCHOLARSHIPS AND EMERGENCY AID.

  • AWARDED 1,784 SCHOLARSHIPS FROM ENDOWED, NON-ENDOWED AND DESIGNATED FUNDS TO 1,166 DEL MAR COLLEGE STUDENTS. THESE SCHOLARSHIP AWARDS HELP PEOPLE EARN THEIR EDUCATION AND IMPROVE THEIR LIVES, THEIR FAMILY'S LIVES AND ULTIMATELY BENEFIT THE ENTIRE COMMUNITY.

    Expenses $2,313,016 · Grants $2,313,016

  • SUPPORT THE PEOPLE, PROGRAMS AND PROJECTS AT DEL MAR COLLEGE INCLUDING EXPENDITURES FOR ART, DRAMA, MUSIC, TECHNOLOGY, LIBRARY, RADIOLOGY TECHNOLOGY, WELDING, PROCESS TECHNOLOGY, CHILDCARE, MENTAL HEALTH, STUDENT EMERGENCY AID. IN ADDITION THE FOUNDATION CONTRIBUTED FUNDS FOR THE RENNOVATION AND MODERNIZATION OF THE WILLIAM F. WHITE, JR. LIBRARY.

    Expenses $1,103,584 · Grants $1,103,584

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michelle Unda

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Sandra Alvarez

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Dr Crissy Hinojosa

    TREASURER

    Total calculated
    $0
    Hours/week
    0

  • Rosie G Collin

    SECRETARY

    Total calculated
    $0
    Hours/week
    0

  • Todd M Walter

    SCHOLARSHIP AWARDS CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Lance Brown

    SPECIAL PROJECTS CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Julio Reyes

    PAST PRESIDENT

    Total calculated
    $0
    Hours/week
    0

  • Dr Mark Escamilla

    DMC PRESIDENT AND CEO

    Total calculated
    $0
    Hours/week
    0

  • Troy Bethel

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Ken Trevino

    BOARD DEVELOPMENT CHAIR

    Total calculated
    $0
    Hours/week
    0

  • Rosendo Cruz

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Kauskik Bhakta

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Russell Franques

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Drue Jones

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Tim Legamaro

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Travis Nelson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Melody Nixon-Bice

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Susan Temple

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Adam Smith

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0

  • Mary McQueen

    VP OF ADVANCEMENT & GOVERN

    Total calculated
    $160,721
    From this org
    $0
    From related orgs
    $160,721
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $160,721 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $160,721 related

  • Matthew Busby

    VP OF DEV & DONOR ADVISING

    Total calculated
    $115,494
    From this org
    $0
    From related orgs
    $115,494
    Other
    $0
    Hours/week
    40

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

None.

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

  • DEL MAR COLLEGE

    $1,103,584

    INSTITUTIONAL SUPPORT

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.

  • DEL MAR COLLEGE

    EDUCATIONAL INSTITUTION-COLLEGE · TX

Provenance

Return type
form_990
Tax year
2023
Filed
15 January 2025
IRS schema version
2023v6.0
Source object
202510159349302911

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