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Nonprofiteer
← DELGADO COMMUNITY COLLEGE FOUNDATION

Form 990 for tax year 2024

Filed by DELGADO COMMUNITY COLLEGE FOUNDATION.

Totals

Total revenue
$1,132,537
Total expenses
$4,292,032
Contributions and grants received
$955,069
Grants paid
$3,821,442
Program service revenue
$0
Investment income
$162,709
Other revenue
$14,759
Total assets, end of year
$5,459,534
Total liabilities, end of year
$1,256,108
Net assets or fund balances, end of year
$4,203,426
Program services expenses (Part IX)
$3,883,242
Management and general expenses
$379,622
Fundraising expenses
$29,168
Program service expenses (Part III)
$3,883,242

Program services were 90.5% 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.

  • 1c · Fundraising events

    $217,480

  • 1f · All other contributions, gifts and grants

    $737,589

  • 1g · Noncash contributions included above

    $10,900

  • 3 · Investment income

    total $353 · excluded $353

  • 4 · Income from investment of tax-exempt bond proceeds

    total $146,236 · excluded $146,236

  • 6a · Gross rents

    real property $75,348

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $75,348

  • 6d · Net rental income or loss

    total $75,348 · related or exempt $75,348

  • 7a · Gross sales of assets other than inventory

    securities $16,120

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

    securities $0

  • 7c · Gain or loss

    securities $16,120

  • 7d · Net gain or loss

    total $16,120 · excluded $16,120

  • 8a · Fundraising events: gross income

    $43,603

  • 8a · Fundraising events: contributions included on line 1c

    $217,480

  • 8b · Fundraising events: direct expenses

    $104,192

  • 8c · Net income from fundraising events

    total -$60,589 · excluded -$60,589

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $3,476,411 · program services $3,476,411

  • 2 · Grants to domestic individuals

    total $345,031 · program services $345,031

  • 5 · Compensation of officers, directors and key employees

    total $97,682 · program services $2,417 · management and general $74,781 · fundraising $20,484

  • 11c · Fees: accounting

    total $32,900 · management and general $32,900

  • 11g · Fees: other

    total $41,411 · program services $1,025 · management and general $31,702 · fundraising $8,684

  • 13 · Office expenses

    total $4,005 · management and general $4,005

  • 17 · Travel

    total $46,413 · management and general $46,413

  • 20 · Interest

    total $58,358 · program services $58,358

  • 23 · Insurance

    total $5,920 · management and general $5,920

  • 24a · Other expenses: MISCELLANEOUS EXPENSE

    total $183,901 · management and general $183,901

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $109,743 · end of year $122,940

  • 2 · Savings and temporary cash investments

    beginning of year $1,436,842 · end of year $1,193,082

  • 9 · Prepaid expenses and deferred charges

    beginning of year $19,145 · end of year $7,995

  • 12 · Investments: other securities

    beginning of year $3,622,006 · end of year $3,197,938

  • 15 · Other assets

    beginning of year $3,529,270 · end of year $937,579

  • 17 · Accounts payable and accrued expenses

    beginning of year $51,917 · end of year $51,580

  • 20 · Tax-exempt bond liabilities

    beginning of year $1,392,303 · end of year $1,199,038

  • 25 · Other liabilities

    beginning of year $31,188 · end of year $5,490

  • 27 · Net assets without donor restrictions

    beginning of year $3,607,616 · end of year $602,419

  • 28 · Net assets with donor restrictions

    beginning of year $3,633,982 · end of year $3,601,007

Mission and programs · 2024

Mission

THE MISSION OF THE FOUNDATION IS TO DEVELOP PRIVATE FINANCIAL RESOURCES FOR THE COLLEGE. THESE RESOURCES ARE USED TO PROMOTE AND ENHANCE EDUCATIONAL PROGRAMS, FUND SCHOLARSHIPS, AND TO SEEK EXTERNAL REVENUES, PRIVATE PHILANTHROPIC AND ADVOCACY SUPPORTING FUNDS FOR THE COLLEGE.

  • PARTNERSHIP WITH THE U.S. NAVY TO SUPPORT EXISTING EDUCATION, TRAINING, AND WORKFORCE DEVELOPMENT OF THE MARITIME INDUSTRY TRADES

    Expenses $296,434 · Grants $296,434

  • PROVIDED SCHOLARSHIPS TO WORTHY STUDENTS AT DELGADO COMMUNITY COLLEGE INCLUDING GAP AND OTHER SCHOLARSHIPS.

    Expenses $345,031 · Grants $345,031

  • LOUISIANA HEALTHCARE CONNECTIONS PARTNERSHIP: PART OF ITS ONGOING EFFORTS TO CREATE HEALTH EQUITY, LOUISIANA HEALTHCARE CONNECTIONS AWARDED DELGADO FUNDS TO FOCUS ON ELIMINATING HEALTH DISPARITIES AND ESTABLISH A MORE INCLUSIVE, REPRESENTATIVE HEALTHCARE SYSTEM. IT IS A THREE-YEAR COMMITMENT TO ENHANCE CURRICULUM FOR STUDENTS AND TO SERVE AS A PIPELINE FOR MUCH-NEEDED, SKILLED HEALTH WORKERS.

    Expenses $100,000 · Grants $100,000

  • PROVIDED FUNDS FOR THE DELGADO COMMUNITY COLLEGE STUDENT ATHLETIC PROGRAMS FOR MAINTENANCE OF AND IMPROVEMENTS TO THE KIRSCH-ROONEY BASEBALL STADIUM.

    Expenses $2,965,878 · Grants $2,965,878

  • PROVIDED OPERATING CAPITAL FUNDS TO DELGADO COMMUNITY COLLEGE.

    Expenses $117,541 · Grants $114,099

  • PROMOTED THE EDUCATIONAL AND CULTURAL WELFARE OF DELGADO COMMUNITY COLLEGE BY ON-GOING CONSTRUCTION OF THE STUDENT LIFE CENTER ON DELGADO'S CAMPUS TO PROVIDE BROADER EDUCATIONAL ADVANTAGES AND OPPORTUNITIES.

    Expenses $58,358 · Revenue $75,348

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Leon L Giorgio Jr

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1
  • Ann D Duplessis

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Dino Paternostro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Gary P Lagrange

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • I William Sizeler

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Mavis Early

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Hecht

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Michael Joseph Maenza

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Ronald H Bordelon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Samir Mowad

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Shelby P Lasalle Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Tracey Schiro

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Walter J Leger Jr Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Wayne Fontana Esq

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • William M Lemoine

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Todd P Trosclair Sr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Jw Bill Giardina

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Peter Fos

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Wayne Skinner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Kyle Martin France

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Roland Ronnie Lancon

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Melvin Rodrigue

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1
  • Nita Hutter Meins

    EXECUTIVE DIRECTOR

    Total calculated
    $75,829
    From this org
    $75,829
    From related orgs
    $0
    Other
    $0
    Hours/week
    10
  • Ronald Russo

    FOUNDATION ACCOUNTANT

    Total calculated
    $233,545
    From this org
    $15,813
    From related orgs
    $159,500
    Other
    $58,232
    Hours/week
    10

    Schedule J breakdown matched by us

    Base
    $15,813 + $159,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $3,501 + $35,224 related
    Nontaxable benefits
    $226 + $19,281 related
    Filer's total
    $19,540 + $214,005 related

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

  • DELGADO COMMUNITY COLLEGE

    $0

    SUPPORT OF ATHLETIC PROGRAM

  • DELGADO COMMUNITY COLLEGE

    $0

    SUPPORT OF NAVY TRAINING

  • DELGADO COMMUNITY COLLEGE

    $0

    SUPPORT OF DEPARTMENTS AND COLLEGE

  • DELGADO COMMUNITY COLLEGE

    $0

    CONSTRUCTION OF DELGADO BASEBALL STADIUM

  • DELGADO COMMUNITY COLLEGE

    $0

    SUPPORT OF LA HEALTHCARE CONNECTIONS PARTNERSHIP

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.

  • DELGADO COMMUNITY COLLEGE

    N/A · MEMBER OF THE LOUISIANA COMMUNITY & TECHNICAL COLLEGE SYSTEM · LA

Provenance

Return type
form_990
Tax year
2024
Filed
23 February 2026
IRS schema version
2024v5.5
Source object
202620629349300922

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