2023-11-14T11:43:45-07:00 2023-06-30 990 2022-07-01 382274366 DELTA COLLEGE FOUNDATION DELT 9896869225 1961 Delta Road University Center MI 48710 Pamela Clark Executive Director 9896869225 2023-11-14 1 1 11 1 AAL2 X 2022 2023-04-26 12:10:37Z Pamela N Clark 1961 Delta Road University Center MI 48710 1795505 0 X www.delta.edu/foundation X 1979 MI 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. 23 20 0 210 0 0 2641094 1718557 0 0 1547 18779 -23429 -33095 2619212 1704241 2394808 1830143 0 0 0 0 0 0 52884 226456 288933 2621264 2119076 -2052 -414835 1992755 1597305 27755 47140 1965000 1550165 X The Delta College Foundation mission is to "change lives by supporting opportunities and innovation at Delta College." 0 0 1023605 1023605 0 Endowment Fund expenditures consisted of cash transfers to Delta College for investment into the College Endowment Fund. This year nine new funds were established and many donors contributed to previously existing funds. The Endowment Fund generated over $1.1 million in distributions that supported scholarships, achievement awards and several educational programs. Approximately $500,000 was distributed to Delta College for student scholarships and awards which provided about 500 scholarships. The single largest distribution of $104,000 went to the Possible Dream Program which provides cultural and educational experiences to over 300 economically disadvantaged students free of charge. The second largest single distribution of $102,000 supports a traveling STEM classroom that provides memorable learning experiences. This outreach program is housed in a state-of-the-art bus that traveled throughout the Great Lakes Bay Region to 32 schools and events during the year. Over 4,800 K-12 student interactions were made. Endowment Fund distributions also provided support to the College's public broadcasting stations, speaker series funding and several teaching chair awards. 908193 717686 0 Educational expenditures included purchases of supplies for classroom use, transfers of cash for non-endowed scholarships and transfers of donated equipment for instructional purposes. Supplies purchased included medical equipment, dental hygiene consumables and cyber security training software. Donated equipment included two industrial size lathes, five vehicles and numerous tools for the Technical Trades & Manufacturing Division. 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 approximately 11,000 students and staff in the College community and residents who live in the surrounding area. 88852 88852 0 Non-academic 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 400 students received emergency assistance. 0 0 0 2020650 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 1 X 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 X 23 20 0 0 0 0 0 0 0 1 1 0 0 0 1 1 1 1 1 1 1 0 MI X Pamela N Clark - Executive Director 9896869225 1961 Delta Road University Center MI 48710 Michael H Gavin Secretary 3 40 X X 0 289452 64353 Sarah E DuFresne Treasurer 2 40 X X 0 152980 73136 Pamela N Clark Executive Director 15 27 X X 0 146001 55459 Paul J Barbeau Vice Chair of Directors 1 0 X 0 0 0 Mary Lou Benecke Director 1 2 X 0 0 0 Octavia Walters Caby Director 1 0 X 0 0 0 Sheri L Leaman Case Director 1 0 X 0 0 0 Richard J Dolinski Director 1 0 X 0 0 0 Mark S Flegenheimer Director 1 0 X 0 0 0 Heather L Gallegos Director 1 0 X 0 0 0 Stacy L Gannon Director 1 2 X 0 0 0 Barbara M Handley-Miller Director 1 2 X 0 0 0 Karl T Ieuter Director 1 0 X 0 0 0 Jonathan E Lauderbach Director 1 0 X 0 0 0 Edward M Lesniak Director 1 0 X 0 0 0 Diane M Mahoney Director 1 0 X 0 0 0 Roslyn E McQueen Director 1 0 X 0 0 0 David H Morley Immediate Past Chair 1 0 X 0 0 0 Guy C Moulthrop Director 1 0 X 0 0 0 Lisa M Rechsteiner Director 1 0 X 0 0 0 Annette M Rummel Director 1 0 X 0 0 0 Magen M Samyn Director 1 0 X 0 0 0 Patricia A Shaheen Director 1 0 X 0 0 0 Herbert A Spence III Chair of Directors 1 0 X 0 0 0 Marcia L Thomas Director 1 2 X 0 0 0 Lisa M Ungerleider Director 1 0 X 0 0 0 Catherine Washabaugh Director 1 0 X 0 0 0 0 588433 192948 0 0 1 0 0 0 0 102896 466064 0 1149597 245500 1718557 0 18779 0 0 18779 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 31049 0 31049 0 0 0 0 0 0 0 27120 102896 60215 -33095 0 -33095 0 0 0 0 0 0 0 0 0 0 0 0 0 1704241 0 0 -14316 1716509 1716509 113634 113634 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6411 6411 0 0 2200 0 2200 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 153620 127248 431 25941 10850 0 10642 208 60445 11382 25581 23482 0 0 0 0 0 0 0 0 8808 4624 2798 1386 0 0 0 0 11313 7614 3699 0 0 0 0 0 0 0 0 0 0 0 0 0 171 0 171 0 Educational Supplies & Fees 23299 23299 0 0 Delta College Displays & Plaques 9879 9879 0 0 1937 50 20 1867 2119076 2020650 45542 52884 0 0 1617607 1147454 373998 435445 1150 110 0 0 0 0 0 14296 0 0 0 0 0 1992755 1597305 3530 0 0 24225 47140 0 0 0 0 0 27755 47140 X 992366 511683 972634 1038482 1965000 1550165 1992755 1597305 -414835 0 0 0 0 0 X 0 1 X 0 0 X 10942999 2073492 1198257 2221309 1252493 17688550 0 0 0 0 0 0 523085 528039 558344 579934 608836 2798238 11466084 2601531 1756601 2801243 1861329 20486788 8363183 12123605 368989 440251 367855 418797 484843 2080735 0 0 0 0 0 0 0 0 0 0 0 0 22567523 118531 0.53721 0.54321 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 28274644 1087818 3174852 555289 572559 500097 30909369 33580552 1709596 -5466889 501859 541263 505493 28274644 25939763 1144822 7902747 447694 499899 459187 33580552 25581362 691883 1924913 420413 1426911 411071 25939763 24144586 1124998 1553605 395987 454404 391436 25581362 0.2584 0.7416 0.0 0 1 1 2312318 0 608836 0 5700 614536 1697782 0 6459 6459 1704241 2727153 608836 0 0 5700 614536 2112617 0 6459 6459 2119076 Schedule D, Part V, Line 4 The Delta College Endowment Fund was established to provide a permanent source of investment income to support student scholarships, awards, educational programs and teaching chairs. The Endowment Fund is held by the College, a related organization. Schedule D, Part XI, Line 2d The $5700 adjustment is the value of donated advertising and photo booth services used to promote the Chocolate Affair, an annual fundraising event. This amount was included in revenues on the Statement of Activities in the Audited Financial Statements. Form 990 instructions state that donated services should not be included in revenues. Schedule D, Part XI, Line 4b The $6459 adjustment was the amount spent to promote annual fundraising events. It was deducted from the "Special Events, net of expenses" revenue line on the Statement of Activities in the Audited Financial Statements. Form 990 includes this amount in Part IX, Statement of Functional Expenses. Schedule D, Part XII, Line 2d The $5700 adjustment is the value of donated advertising and photo booth services used to promote the Chocolate Affair, an annual fundraising event. It was included in the "Grants and Distributions for Delta College" expense line on the Statement of Activities in the Audited Financial Statements. Form 990 instructions state that donated services should not be included. Schedule D, Part XII, Line 4b The $6459 adjustment was the amount spent to promote our annual fundraising events. It was deducted from "Special Events, net of expenses" revenue line on the Statement of Activities in the Audited Financial Statements. Form 990 includes this expense in Part IX, Statement of Functional Expenses. Chocolate Affair 121891 95771 26120 0 0 10525 45541 3000 1149 Planetarium Fireworks Viewing 8125 7125 1000 0 0 0 0 0 0 0 130016 102896 27120 0 0 10525 45541 3000 1149 60215 -33095 1 Delta College 1961 Delta Road University Center MI 48710 386034011 1500293 216216 Fair Market Value Educational Supplies Cash grants to Delta College are invested in the Endowment Fund, used to award scholarships and support programs. Non-cash assistance includes donated classroom equipment, vehicles and supplies that are transferred to the College for training and educational purposes. 1 0 Scholarships and awards for Delta College students 35 18636 0 Fair Market Value Computers, textbooks and exam fees for Delta College students 237 1726 54517 Fair Market Value Provided textbooks and computers for Delta College students. Transportation assistance for Delta College students 16 10191 0 Fair Market Value Rent and utility payments for Delta College students 50 28564 0 Fair Market Value Schedule I, Part I, Line 2 The Delta College Foundation was established to coordinate Delta College fundraising operations and to support the College, a related organization. This relationship and the close proximity allow College staff who work for the Foundation direct access to the College financial records. All Foundation funds transferred to the College are segregated in the College accounting software and are monitored regularly to ensure they are used for the intended purpose. This includes oversight of the Endowment Fund, coordination of scholarship distributions and monitoring of fundraising event earnings and capital building project donations. Schedule I, Part III The "Number of recipients" listed in the attached schedule was the actual number of students who received assistance. Students who received aid were referred by College faculty and staff. The assistance was administered by Delta College staff who work for the Foundation and who maintain detailed records of the how the funds were used and who received assistance. 0 0 0 0 0 0 0 0 0 Michael H Gavin Secretary 0 217103 0 0 0 72349 0 44780 0 20542 0 354774 0 0 Sarah E DuFresne Treasurer 0 150980 0 0 0 2000 0 45842 0 28806 0 227628 0 0 Pamela N Clark Executive Director 0 125971 0 0 0 20030 0 43559 0 12403 0 201963 0 0 Schedule J, Part I, Line 3 The Executive Director is an employee of Delta College, a related organization. The College determines and pays the Executive Director's compensation. Her pay is based on the College board-approved evaluation process that incorporates salary market comparisons and a uniformly applied Performance Management System. Annual compensation increases, if any, are approved by the College Board of Trustees. X 1 4200 Opinion of experts X 50 Opinion of experts X 1000 Opinion of experts X 4 32401 Market value X Classroom Supplies 14 204458 Market value X Chocolate Affair Fundraising Supplies 2 3391 Market value 0 0 1 0 Schedule M, Part I For each type of property donated, the number in column (b) represents the number of contributions received, not the number of items donated. Form 990, Part III, Line 4c Non-academic student assistance included payments for rent, utilities, car repairs, groceries and refurbished computers. Aid totaling $88,852 was provided to Delta College students attending classes who had barriers threatening their ability to complete their courses or participate in educational activities. The students were referred to the Foundation for assistance by College faculty and staff. Assistance payments were made directly to service providers on behalf of the students in need. Emergency aid helped approximately 400 students. Form 990, Part V, Line 7h The Foundation received five donated automobiles from area dealerships. Form 1098-C was not issued for any of these vehicles, as it was not required since all of the automobiles were part of the dealerships sales inventories "in their ordinary course of business". The vehicles were transferred to the Technical Trades and Manufacturing Division for automotive service training at Delta College. Form 990, Part VI, Section B, Line 11b The entire Foundation Board of Directors reviews the quarterly financial statements throughout the year and the Audited Financial Statements at the end of the year at their regularly scheduled Board meetings. Form 990 is distributed only to members of the Board who serve on the Finance Committee. They independently review the Form 990 to prepare for a meeting with the Executive Director, the Treasurer and the Accountant who prepares the Form 990. This meeting provides them with an opportunity to ask questions, make amendments and approve the Form 990 content prior to filing it with the IRS. The Finance Committee members follow up by updating the full Board of Directors at their next scheduled meeting. Form 990, Part VI, Section B, Line 12c The Conflict of Interest policy is distributed each year to the entire Foundation Board of Directors. They are asked to independently review the policy and complete a Disclosure Statement, which is reviewed by the Executive Director for potential conflicts. If any issues are identified, the Executive Director brings them to the attention of the Board Chair and the College President who serves as an Officer on the Foundation Board of Directors. They would determine an appropriate course of action to resolve the situation. Form 990, Part VI, Section B, Line 15 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. Form 990, Part VI, Section C, Line 19 Requests for Foundation policies, Audited Financial Statements and Form 990 are provided within three business days of receiving the request. Requests can be sent to Delta College Foundation, 1961 Delta Road, University Center, MI 48710. A condensed version of the Foundation statements is included in the Delta College Audited Financial Statements and can be viewed online at www.delta.edu/transparency. Delta College 1961 Delta Road University Center MI 48710 386034011 community college MI N/A 0 0 1 1 0 0 0 0 0 0 0 0 1 0 1 1 1 1 1 1 Delta College b 1331173 Fair Market Value Delta College c 180505 Fair Market Value Delta College l 241811 Fair Market Value Delta College o 578701 Fair Market Value Delta College p 169120 Fair Market Value Delta College r 209708 Opinion of Experts and Fair Market Value Delta College s 285559 Fair Market Value