Form 990 for tax year 2023
Filed by THE DELAWARE STATE CHAMBER FOUNDATION.
Totals
- Total revenue
- $146,800
- Total expenses
- $126,490
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $146,800
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $210,103
- Total liabilities, end of year
- $116,603
- Net assets or fund balances, end of year
- $93,500
- Program services expenses (Part IX)
- $94,869
- Management and general expenses
- $31,621
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $94,869
Program services were 75.0% 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.
-
2a · Program service revenue: INTERN DE INCOME
total $103,000 · related or exempt $103,000
-
2b · Program service revenue: SSE INCOME
total $43,800 · related or exempt $43,800
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $83,000 · program services $62,250 · management and general $20,750
-
9 · Other employee benefits
total $17,966 · program services $13,475 · management and general $4,491
-
13 · Office expenses
total $2,168 · program services $1,626 · management and general $542
-
24a · Other expenses: SUPERSTARS EXPENSE
total $14,796 · program services $11,097 · management and general $3,699
-
24b · Other expenses: PROGRAMS & SPECIAL EVEN
total $8,338 · program services $6,254 · management and general $2,084
-
24c · Other expenses: MISCELLANEOUS EXPENSE
total $222 · program services $167 · management and general $55
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $155,320 · end of year $209,473
-
9 · Prepaid expenses and deferred charges
end of year $630
-
10a · Land, buildings and equipment: cost or other basis
$1,346
-
10b · Land, buildings and equipment: accumulated depreciation
$1,346
-
10c · Land, buildings and equipment, net
beginning of year $0 · end of year $0
-
17 · Accounts payable and accrued expenses
beginning of year $2,343 · end of year $0
-
19 · Deferred revenue
beginning of year $6,000 · end of year $24,500
-
25 · Other liabilities
beginning of year $73,787 · end of year $92,103
-
27 · Net assets without donor restrictions
beginning of year $73,190 · end of year $93,500
Mission and programs · 2023
Mission
IMPROVE JOB GROWTH BY CREATING PARTNERSHIPS.
Activities or mission (Part I)
IMPROVE JOB GROWTH BY CREATING PARTNERSHIPS
-
THE PRIMARY PURPOSE IS TO PROMOTE CHARITABLE AND EDUCATIONAL ACTIVITIES BY DEVELOPING AND FOSTERING PROGRAMS THAT ENCOURAGE PRIVATE SECTOR INVOLVEMENT IN WORKFORCE DEVELOPMENT AND EDUCATION.
Expenses $88,615 · Revenue $43,800
-
INTERN DELAWARE IS AN 'ADD-ON' TO A COMPANY'S INTERNSHIP PROGRAM. DURING THIS TWO-MONTH PROGRAM, SUMMER INTERNS RECEIVE ACCESS TO PROFESSIONAL DEVELOPMENT PROGRAMMING AND NETWORKING OPPORTUNITIES DESIGNED TO HELP THEM UNDERSTAND THE UNIQUE ASPECTS OF DELAWARE'S ECONOMY AND CULTURE.
Expenses $6,254 · Revenue $103,000
As filed on the 2023 return.
Listed in Part VII
-
Mark BaxterMARK BAXTER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Patrick BestPATRICK BEST
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Andrew CottoneANDREW COTTONE
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Rick DeadwylerRICK DEADWYLER
CHAIR
- Total calculated
- $0
- Hours/week
- 0.3
-
Kelly Ann DecurtisKELLY ANN DECURTIS
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Tierra FairTIERRA FAIR
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Kurt ForemanKURT FOREMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Dan FreemanDAN FREEMAN
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Ryan HarringtonRYAN HARRINGTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Mark HuttonMARK HUTTON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Lora JohnsonLORA JOHNSON
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Colleen KeithCOLLEEN KEITH
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Robert RescignoROBERT RESCIGNO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Yvette SantiagoYVETTE SANTIAGO
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Tamara StonerTAMARA STONER
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Patrick TownsendPATRICK TOWNSEND
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Danielle ScullDANIELLE SCULL
DIRECTOR
- Total calculated
- $0
- Hours/week
- 0.3
-
Mike QuarantaMIKE QUARANTA
PRESIDENT
- Total calculated
- $275,660
- From this org
- $0
- From related orgs
- $270,623
- Other
- $5,037
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $270,623 related
- Bonus
- $0
- Other
- $0
- Deferred
- $0
- Nontaxable benefits
- $0 + $5,037 related
- Filer's total
- $0 + $275,660 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
- 2 · Substantiation required before reimbursing expenses
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
No itemized grants to organizations 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 PUBLIC POLICY INSTITUTE
501(C)(3) · IMPROVE POLICIES & PROGRAMS THROUGHOUT DELAWARE · DE
-
DELAWARE STATE CHAMBER OF COMMERCE
501(C)(6) · TO IMPROVE BUSINESS RELATIONS IN DELAWARE · DE
-
501(C)(6) · IMPROVE BUSINESS DEVELOPMENTS IN THE RETAIL INDUSTRY · DE
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
CENTER FOR BUSINESS MANAGEMENT
C · BUSINESS DEVELOPMENT · DE
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 28 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202412419349300036
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