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Nonprofiteer
← DELTA COLLEGE FOUNDATION

Form 990 for tax year 2024

Filed by DELTA COLLEGE FOUNDATION.

Totals

Total revenue
$3,811,788
Total expenses
$2,515,530
Contributions and grants received
$2,231,700
Grants paid
$1,860,992
Program service revenue
$0
Investment income
$1,617,098
Other revenue
-$37,010
Total assets, end of year
$39,225,918
Total liabilities, end of year
$7,533,288
Net assets or fund balances, end of year
$31,692,630
Program services expenses (Part IX)
$2,027,650
Management and general expenses
$352,107
Fundraising expenses
$135,773
Program service expenses (Part III)
$2,027,650

Program services were 80.6% 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

    $91,076

  • 1f · All other contributions, gifts and grants

    $2,140,624

  • 1g · Noncash contributions included above

    $153,833

  • 3 · Investment income

    total $775,894 · excluded $775,894

  • 7a · Gross sales of assets other than inventory

    securities $16,384,141

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

    securities $15,542,937

  • 7c · Gain or loss

    securities $841,204

  • 7d · Net gain or loss

    total $841,204 · excluded $841,204

  • 8a · Fundraising events: gross income

    $35,830

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

    $91,076

  • 8b · Fundraising events: direct expenses

    $72,840

  • 8c · Net income from fundraising events

    total -$37,010 · excluded -$37,010

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,776,576 · program services $1,776,576

  • 2 · Grants to domestic individuals

    total $84,416 · program services $84,416

  • 11c · Fees: accounting

    total $80,020 · management and general $54,650 · fundraising $25,370

  • 11f · Fees: investment management

    total $193,375 · management and general $193,375

  • 11g · Fees: other

    total $655 · program services $150 · management and general $205 · fundraising $300

  • 12 · Advertising and promotion

    total $142,067 · program services $131,159 · management and general $215 · fundraising $10,693

  • 13 · Office expenses

    total $14,962 · program services $2,822 · management and general $5,435 · fundraising $6,705

  • 14 · Information technology

    total $185,213 · management and general $94,540 · fundraising $90,673

  • 17 · Travel

    total $5,146 · program services $3,563 · fundraising $1,583

  • 19 · Conferences, conventions and meetings

    total $6,112 · program services $4,602 · management and general $1,510

  • 23 · Insurance

    total $293 · management and general $293

  • 24a · Other expenses: DISPLAYS & PLAQUES

    total $12,248 · program services $10,095 · management and general $1,883 · fundraising $270

  • 24b · Other expenses: RENTAL FEE FOR PARKING

    total $7,973 · program services $7,973

  • 24c · Other expenses: OTHER EXPENSES

    total $6,474 · program services $6,294 · management and general $1 · fundraising $179

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $1,867,233 · end of year $1,854,685

  • 3 · Pledges and grants receivable

    beginning of year $450,819 · end of year $460,428

  • 9 · Prepaid expenses and deferred charges

    beginning of year $93,841 · end of year $106,847

  • 11 · Investments: publicly traded securities

    beginning of year $33,808,602 · end of year $36,803,958

  • 17 · Accounts payable and accrued expenses

    beginning of year $46,043 · end of year $44,469

  • 19 · Deferred revenue

    beginning of year $23,126 · end of year $29,900

  • 25 · Other liabilities

    beginning of year $5,984,997 · end of year $7,458,919

  • 27 · Net assets without donor restrictions

    beginning of year $2,853,807 · end of year $2,916,265

  • 28 · Net assets with donor restrictions

    beginning of year $27,312,522 · end of year $28,776,365

Mission and programs · 2024

Mission

THE DELTA COLLEGE FOUNDATION MISSION IS TO "CHANGE LIVES BY SUPPORTING OPPORTUNITIES AND INNOVATION AT DELTA COLLEGE."

Activities or mission (Part I)

THE FOUNDATION WAS ESTABLISHED TO RAISE, COLLECT AND ADMINISTER DONATIONS FOR DELTA COLLEGE. THE FOUNDATION DIRECTS FUNDRAISING EFFORTS, BUILDS DONOR RELATIONSHIPS AND PROMOTES THE COLLEGE TO BENEFIT THE ENTIRE COLLEGE COMMUNITY, EDUCATIONAL PROGRAMS AND CAPITAL PROJECTS.

  • ENDOWMENT FUND EXPENDITURES CONSISTED OF CASH TRANSFERS TO DELTA COLLEGE FOR INVESTMENT INTO THE COLLEGE ENDOWMENT FUND. THIS YEAR ONE NEW FUND WAS ESTABLISHED AND MANY DONORS CONTRIBUTED TO PREVIOUSLY EXISTING FUNDS. THE ENDOWMENT FUND GENERATED OVER 1.04 MILLION IN DISTRIBUTIONS THAT SUPPORTED SCHOLARSHIPS, ACHIEVEMENT AWARDS AND SEVERAL EDUCATIONAL PROGRAMS. APPROXIMATELY 600,000 WAS DISTRIBUTED TO DELTA COLLEGE FOR STUDENT SCHOLARSHIPS AND AWARDS WHICH PROVIDED ABOUT 600 SCHOLARSHIPS. THE LARGEST SINGLE DISTRIBUTION OF 110,700 WHICH SUPPORTS THE POSSIBLE DREAM PROGRAM. ANOTHER LARGE DISTRIBUTION OF 104,900 SUPPORTS A TRAVELING STEM CLASSROOM THAT PROVIDES MEMORABLE LEARNING EXPERIENCES. THIS OUTREACH PROGRAM IS HOUSED IN A STATEOFTHEART BUS THAT TRAVELED THROUGHOUT THE GREAT LAKES BAY REGION TO NUMEROUS SCHOOLS AND EVENTS DURING THE YEAR. ENDOWMENT FUND DISTRIBUTIONS ALSO PROVIDED SUPPORT TO THE COLLEGE'S PUBLIC BROADCASTING STATIONS, SPEAKER SERIES FUNDING AND SEVERAL TEACHING CHAIR AWARDS.

    Expenses $1,037,974 · Grants $1,037,974

  • EDUCATIONAL EXPENDITURES INCLUDED PURCHASES OF SUPPLIES FOR CLASSROOM USE, TRANSFERS OF CASH FOR NONENDOWED SCHOLARSHIPS AND TRANSFERS OF DONATED EQUIPMENT FOR INSTRUCTIONAL PURPOSES. SUPPLIES PURCHASED INCLUDED MEDICAL EQUIPMENT AND DENTAL HYGIENE CONSUMABLES. DONATED EQUIPMENT INCLUDED DIESEL ENGINES AND 10 ENGINES, 3 TRANSMISSION, A VEHICLE, AND A ROBOT FOR TECHNICAL TRADES & MANUFACTURING DIVISION. OTHER ITEMS DONATED INCLUDED A PHOTOBOOTH FOR CHOCOLATE AFFAIR, PARKING LOT FOR THE SAGINAW CENTER, AND FOLK ART FOR THE FOUNDATION. THE FOUNDATION ALSO PUBLISHED TWO ISSUES OF A MAGAZINE, "JOURNEYS", THAT HIGHLIGHTS EDUCATIONAL PROGRAMS AT DELTA COLLEGE, SPECIAL EVENTS AND PERSONAL SUCCESS STORIES. IT WAS MAILED TO APPROXIMATELY 55,000 HOUSEHOLDS IN THE GREAT LAKES BAY REGION. THESE EXPENDITURES BENEFITTED STUDENTS AND STAFF IN THE COLLEGE COMMUNITY AND RESIDENTS WHO LIVE IN THE SURROUNDING AREA.

    Expenses $929,946 · Grants $763,288

  • NONACADEMIC STUDENT ASSISTANCE PROVIDED EMERGENCY SUPPORT TO DELTA COLLEGE STUDENTS WHO WERE ATTENDING CLASSES, BUT HAD BARRIERS THAT THREATENED THEIR ABILITY TO SUCCESSFULLY COMPLETE THEIR COURSES. ASSISTANCE INCLUDED PAYMENTS FOR RENT, UTILITIES, VEHICLE REPAIRS, GROCERIES AND REFURBISHED COMPUTERS TO HELP THEM COMPLETE THE SEMESTER. ALL STUDENTS WHO RECEIVED AID WERE REFERRED BY COLLEGE FACULTY OR STAFF. APPROXIMATELY 329 STUDENTS RECEIVED EMERGENCY ASSISTANCE.

    Expenses $59,730 · Grants $59,730

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

Listed in Part VII

  • MICHAEL H GAVIN

    SECRETARY

    Total calculated
    $371,046
    From this org
    $0
    From related orgs
    $317,918
    Other
    $53,128
    Hours/week
    3 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $231,811 related
    Bonus
    not reported
    Other
    not reported + $86,107 related
    Deferred
    not reported + $26,077 related
    Nontaxable benefits
    not reported + $27,051 related
    Filer's total
    not reported + $371,046 related

  • PAMELA N CLARK

    EXECUTIVE DI

    Total calculated
    $222,241
    From this org
    $0
    From related orgs
    $155,454
    Other
    $66,787
    Hours/week
    15 + 27 related

    Schedule J breakdown matched by us

    Base
    not reported + $130,974 related
    Bonus
    not reported
    Other
    not reported + $24,480 related
    Deferred
    not reported + $47,047 related
    Nontaxable benefits
    not reported + $19,740 related
    Filer's total
    not reported + $222,241 related

  • JONATHAN FOCO

    TREASURER

    Total calculated
    $210,181
    From this org
    $0
    From related orgs
    $133,471
    Other
    $76,710
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    not reported + $133,471 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $45,986 related
    Nontaxable benefits
    not reported + $30,724 related
    Filer's total
    not reported + $210,181 related

  • PAUL J BARBEAU

    CHAIR

    Total calculated
    $0
    Hours/week
    1

  • BROOKE L BEEBE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • OCTAVIA WALTERS CABY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • TODD CLEMENTS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BENJAMIN M DENAY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RICHARD J DOLINKSI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HEATHER L GALLEGOS

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • STACY L GANNON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • BARBARA M HANDLEY-MILLER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MICHAEL L HANISKO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • HERBERT A SPENCE III

    IMMEDIATE PA

    Total calculated
    $0
    Hours/week
    1

  • KARL T IEUTER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PATRICE M LANCZAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • JONATHAN E LAUDERBACH

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EDWARD M LESNIAK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROSLYN E MCQUEEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • GUY C MOULTHROP

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MAGEN M SAMYN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • PATRICIA A SHAHEEN

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALEXIS THOMAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • MARCIA L THOMAS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 2 related

  • CHRISTIAN A VELASQUEZ

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

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

The filer's explanations (Part III)

SCHEDULE J, PAGE 1, PART I, LINE 3
FOUNDATION OFFICERS INCLUDE THE EXECUTIVE DIRECTOR, TREASURER AND SECRETARY, WHO ARE EMPLOYEES OF DELTA COLLEGE, A RELATED ORGANIZATION. THE COLLEGE DETERMINES AND PAYS THEIR COMPENSATION. IT IS BASED ON THE COLLEGE BOARD APPROVED EVALUATION PROCESS THAT INCORPORATES SALARY MARKET COMPARISONS AND A UNIFORMLY APPLIED PERFORMANCE MANAGEMENT SYSTEM. ANNUAL SALARY INCREASES, IF ANY, ARE APPROVED BY THE COLLEGE BOARD OF TRUSTEES.

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.

Provenance

Return type
form_990
Tax year
2024
Filed
18 December 2025
IRS schema version
2024v5.0
Source object
202513579349300901

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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