Form 990 for tax year 2024
Filed by DEL MAR COLLEGE FOUNDATION INC.
Totals
- Total revenue
- $12,121,871
- Total expenses
- $4,682,699
- Contributions and grants received
- $6,983,750
- Grants paid
- $4,571,427
- Program service revenue
- $0
- Investment income
- $5,138,121
- Other revenue
- $0
- Total assets, end of year
- $41,629,695
- Total liabilities, end of year
- $115,816
- Net assets or fund balances, end of year
- $41,513,879
- Program services expenses (Part IX)
- $4,571,427
- Management and general expenses
- $111,272
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $4,571,427
Program services were 97.6% 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.
-
1f · All other contributions, gifts and grants
$6,983,750
-
3 · Investment income
total $743,016 · excluded $743,016
-
7a · Gross sales of assets other than inventory
securities $14,016,486
-
7b · Less cost or other basis and sales expenses
securities $9,621,381
-
7c · Gain or loss
securities $4,395,105
-
7d · Net gain or loss
total $4,395,105 · related or exempt $4,395,105
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $1,458,311 · program services $1,458,311
-
2 · Grants to domestic individuals
total $3,113,116 · program services $3,113,116
-
11c · Fees: accounting
total $18,794 · management and general $18,794
-
11f · Fees: investment management
total $57,971 · management and general $57,971
-
24a · Other expenses: ADMINISTRATIVE NONPROGR
total $15,873 · management and general $15,873
-
24b · Other expenses: BANK AND CREDIT CARDS
total $11,020 · management and general $11,020
-
24c · Other expenses: SCHOLARSHIP RECEPTION
total $6,385 · management and general $6,385
-
24d · Other expenses: D&O INSURANCE
total $1,229 · management and general $1,229
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,409,575 · end of year $2,789,769
-
3 · Pledges and grants receivable
beginning of year $364,323 · end of year $2,256,883
-
4 · Accounts receivable
beginning of year $4,116 · end of year $3,081
-
11 · Investments: publicly traded securities
beginning of year $32,472,146 · end of year $35,634,466
-
12 · Investments: other securities
beginning of year $856,684 · end of year $945,496
-
17 · Accounts payable and accrued expenses
beginning of year $326,447 · end of year $115,816
-
27 · Net assets without donor restrictions
beginning of year $8,717,234 · end of year $10,326,904
-
28 · Net assets with donor restrictions
beginning of year $26,063,163 · end of year $31,186,975
Mission and programs · 2024
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 DMC STUDENT SUCCESS VIA PHILANTHROPIC SUPPORT AND IN ALIGNMENT WITH DMC INITIATIVES.
-
AWARDED SCHOLARSHIPS FROM ENDOWED, NON-ENDOWED AND DESIGNATED FUNDS TO 1,441 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 $2,946,147 · Grants $2,946,147
-
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, SPECIFICALLY $166,969 EMERGENCY AID TO 594 STUDENTS. IN ADDITION THE FOUNDATION CONTRIBUTED FUNDS FOR THE RENNOVATION AND MODERNIZATION OF THE WILLIAM F. WHITE, JR. LIBRARY.
Expenses $1,625,280 · Grants $1,625,280
As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
SANDRA ALVAREZ
PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
LANCE BROWN
VICE PRESIDENT
- Total calculated
- $0
- Hours/week
- 0
-
TRAVIS NELSON
TREASURER
- Total calculated
- $0
- Hours/week
- 0
-
MELODY NIXON-BICE
SECRETARY
- Total calculated
- $0
- Hours/week
- 0
-
TODD M WALTER
SCHOLARSHIP AWARDS CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
DRUE JONES
SPECIAL PROJECTS CHAIR
- Total calculated
- $0
- Hours/week
- 0
-
MICHELLE UNDA
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
-
KAUSHIK BHAKTA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
RUSSELL FRANQUES
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
DR CRISSY HINOJOSA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0
-
TIM LEGAMARO
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
-
MATTHEW BUSBY
VP OF DEV & DONOR ADVISING
- Total calculated
- $147,857
- From this org
- $0
- From related orgs
- $147,857
- 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.
Grants on this return
-
$1,458,311
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
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202533239349300213
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