Form 990 for tax year 2025

Totals

Total revenue

$883,757

Total expenses

$1,319,912

Contributions and grants received

$837,714

Grants paid

$66,000

Program service revenue

$3,648

Investment income

$39,619

Other revenue

$2,776

Total assets, end of year

$974,683

Total liabilities, end of year

$42,530

Net assets or fund balances, end of year

$932,153

Program services expenses (Part IX)

$896,635

Management and general expenses

$421,777

Fundraising expenses

$1,500

Program service expenses (Part III)

$896,635

Program services were 67.9% 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.

Mission and programs · 2025

• STEPPING STONES COMMUNITY FEDERAL CREDIT UNION PARTNERSHIP: USING RESTRICTED GRANT FUNDING RECEIVED FOR THIS PURPOSE, THE FOUNDATION SUPPORTS STEPPING STONES COMMUNITY FEDERAL CREDIT UNION ("SSCFCU") AS IT INTEGRATES FINANCIAL TECHNOLOGY PROVIDERS INTENDED TO EXPAND THE DIGITAL FINANCIAL TOOLS AND RESOURCES AVAILABLE TO ITS MEMBERS. THE FOUNDATION PROVIDES FUNDING AND PROJECT SUPPORT FOR THE INTEGRATION, WHILE SSCFCU REMAINS RESPONSIBLE FOR OPERATING THE CREDIT UNION AND DELIVERING FINANCIAL SERVICES TO ITS MEMBERS.

  Expenses $325,098 · Grants $66,000

• THE EQUITABLE ENTREPRENEURIAL ECOSYSTEM (E3) SUPPORTS SMALL BUSINESS OWNERS AND ENTREPRENEURS, WITH A PARTICULAR FOCUS ON THOSE WHO HAVE HISTORICALLY FACED BARRIERS TO BUSINESS RESOURCES AND OPPORTUNITIES. THROUGH MEMBERSHIP, INDIVIDUALIZED BUSINESS ASSESSMENTS, STRATEGIC GUIDANCE, TECHNICAL ASSISTANCE, AND CONNECTIONS TO PROFESSIONAL SERVICE PROVIDERS, THE FOUNDATION HELPS ENTREPRENEURS IDENTIFY PRIORITIES, ADDRESS OPERATIONAL CHALLENGES, AND ACCESS TO EXPERTISE AND RESOURCES NEEDED TO GROW THEIR BUSINESSES. DURING 2025, THE FOUNDATION ALSO PROVIDED DIRECT SUPPORT FOR MEMBER SERVICES, INCLUDING FINANCIAL MANAGEMENT, MARKETING, STRATEGIC PLANNING, AND OTHER BUSINESS-BUILDING NEEDS.

  Expenses $270,766

• SUPPORTED BY A GRANT FROM LONGWOOD FOUNDATION, THE FOUNDATION INVESTED IN THE ORGANIZATIONAL CAPACITY NEEDED TO STRENGTHEN AND EXPAND ITS ENTREPRENEURSHIP PROGRAMS. ACTIVITIES INCLUDED STAFFING AND PROFESSIONAL SUPPORT, STRATEGIC PLANNING, MARKETING AND COMMUNICATIONS, PROGRAM DEVELOPMENT, AND IMPROVEMENTS TO THE FOUNDATION'S INTERNAL SYSTEMS AND OPERATIONS. THESE INVESTMENTS WERE INTENDED TO BUILD A STRONGER AND MORE SUSTAINABLE INFRASTRUCTURE FOR DELIVERING, EVALUATING, AND SCALING THE FOUNDATION'S WORK.

  Expenses $130,521

• THE REINVENTING DELAWARE PROGRAM SERVES AS AN ENTREPRENEURIAL INCUBATORBY PROVIDING A PLATFORM FOR INDIVIDUALS TO PRESENT IDEAS THAT WILLCREATE JOBS AND IMPROVE DELAWARE. THE PUBLIC, THE FOUNDATION'S MEMBERSAND SUPPORTERS AND THE BUSINESS COMMUNITY ARE ENCOURAGED TO SUBMITIDEAS FOR CONSIDERATION.

  Expenses $108,431

• THE PETE DU PONT FREEDOM AWARD IS PRESENTED ANNUALLY TO AN INDIVIDUAL OR ORGANIZATION WHO HAS CHAMPIONED A SUCCESSFUL IDEA WHICH HAS LED TO ECONOMIC GROWTH OR BROUGHT INNOVATION TO THE PRIVATE SECTOR.

  Expenses $24,069 · Revenue $3,648

• HBCU INNOVATIVE SOLUTIONS INITIATIVE - THE FOUNDATION PARTNERED WITHTHE BANK OF AMERICA AND DELAWARE STATE UNIVERSITY TO INTEGRATE THEIRREINVENTING PROGRAM AND PROCESS INTO THE 13TH ANNUAL PHILANTHROPYSYMPOSIUM, WHICH HOSTS OVER 30 HBCU REPRESENTATIVES FROM ACROSS THECOUNTRY. A $100,000 GRANT WAS RECEIVED IN 2022 TO LAUNCH THEINITIATIVE IN JULY 2023. A COMMITTEE HELD A MEETING TO REVIEW ALL OFTHE IDEA PROPOSALS SUBMITTED FOR THE INITIATIVE AND SELECTED NINE TOMOVE FORWARD TO THE FIRST PHASE OF THE PROCESS TO RECEIVE IN-KINDCONSULTING SUPPORT VALUED AT UP TO $5,000 PER PROPOSAL. THE COMMITTEERECONVENES TO SELECT FOUR FINALISTS WHO WILL RECEIVE AN ADDITIONALSUITE OF IN-KIND SUPPORT VALUED AT UP TO $20,000 EACH. FINALLY THECOMMITTEE WILL SELECT ONE WINNER TO RECEIVE A $10,000 CASH GRANT TOCONTINUE TO MOVE THE IDEA FORWARD. THE WINNER WILL BE ANNOUNCED AT THE14TH ANNUAL PHILANTHROPY SYMPOSIUM.

  Expenses $37,750

As filed on the 2025 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

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.

Grants on this return

• STEPPING STONES COMMUNITY FCU

  $66,000

  MISSION SUPPORT

Provenance

Return type

form_990

Tax year

2025

Filed

11 August 2026

IRS schema version

2025v4.2

Source object

202622239349301617

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

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