2025-11-19T08:45:15-06:00 2025-06-30 453980748 ADAMSON & COMPANY LLC 4101 S ALAMEDA ST CORPUS CHRISTI TX 78411 990 2024-07-01 742286234 DEL MAR COLLEGE FOUNDATION INC DELM 3616981317 101 BALDWIN BLVD CORPUS CHRISTI TX 784043897 MATTHEW BUSBY EXECUTIVE DIRECTOR 3616981317 2025-11-14 1 0 JENNIFER M PERALES P01325331 3618878916 2024 2025-03-06 01:10:19Z MATTHEW BUSBY 101 BALDWIN BLVD CORPUS CHRISTI TX 784043897 21743252 0 X WWW.DELMAR.EDU/FOUNDATION X 1983 TX SUPPORT DMC STUDENT SUCCESS VIA PHILANTHROPIC SUPPORT AND IN ALIGNMENT WITH DMC INITIATIVES. 17 17 0 0 0 0 2787054 6983750 0 0 724050 5138121 0 0 3511104 12121871 3416600 4571427 0 0 0 0 0 0 0 94816 111272 3511416 4682699 -312 7439172 35106844 41629695 326447 115816 34780397 41513879 X 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. 0 0 2946147 2946147 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. 1625280 1625280 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. 4571427 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 X 17 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 X X MATTHEW J BUSBY 3616981322 101 BALDWIN BLVD CORPUS CHRISTI TX 784043897 SANDRA ALVAREZ PRESIDENT 0.00 X X 0 0 0 LANCE BROWN VICE PRESIDENT 0.00 X X 0 0 0 TRAVIS NELSON TREASURER 0.00 X X 0 0 0 MELODY NIXON-BICE SECRETARY 0.00 X X 0 0 0 TODD M WALTER SCHOLARSHIP AWARDS CHAIR 0.00 X 0 0 0 DRUE JONES SPECIAL PROJECTS CHAIR 0.00 X 0 0 0 MICHELLE UNDA PAST PRESIDENT 0.00 X 0 0 0 DR MARK ESCAMILLA DMC PRESIDENT AND CEO 0.00 X 0 0 0 TROY BETHEL TRUSTEE 0.00 X 0 0 0 KEN TREVINO BOARD DEVELOPMENT CHAIR 0.00 X 0 0 0 ROSENDO CRUZ TRUSTEE 0.00 X 0 0 0 KAUSHIK BHAKTA TRUSTEE 0.00 X 0 0 0 RUSSELL FRANQUES TRUSTEE 0.00 X 0 0 0 DR CRISSY HINOJOSA TRUSTEE 0.00 X 0 0 0 TIM LEGAMARO TRUSTEE 0.00 X 0 0 0 SUSAN TEMPLE TRUSTEE 0.00 X 0 0 0 ADAM SMITH TRUSTEE 0.00 X 0 0 0 MATTHEW BUSBY VP OF DEV & DONOR ADVISING 40.00 X 0 147857 0 0 147857 0 0 0 0 0 0 6983750 6983750 743016 743016 14016486 9621381 4395105 4395105 4395105 12121871 4395105 0 743016 1458311 1458311 3113116 3113116 18794 18794 57971 57971 ADMINISTRATIVE NONPROGR 15873 15873 BANK AND CREDIT CARDS 11020 11020 SCHOLARSHIP RECEPTION 6385 6385 D&O INSURANCE 1229 1229 4682699 4571427 111272 0 1409575 2789769 364323 2256883 4116 3081 32472146 35634466 856684 945496 35106844 41629695 326447 115816 326447 115816 X 8717234 10326904 26063163 31186975 34780397 41513879 35106844 41629695 X 7439172 -705691 1 X 0 1 X 1 0 X 3076142 3188105 3048833 2787054 6983750 19083884 751835 818396 810986 779844 733980 3895041 3827977 4006501 3859819 3566898 7717730 22978925 22978925 460082 504160 624712 663783 743016 2995753 25974678 0.88470 0.88470 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 21711689 5062024 3141365 1150743 471829 165558 28126948 19846803 551204 2571625 816824 286028 155091 21711689 18853963 65748 1765622 687976 150554 19846803 21345208 1152990 -2745087 755098 144050 18853963 16335015 1010333 4999181 864105 135216 21345208 0.10691 0.89309 0.00000 0 0 0 X 12092190 -705691 733980 28289 12063901 57970 57970 12121871 5358708 733980 733980 4624728 57971 57971 4682699 PART V, LINE 4: THE FOUNDATION MANAGES A DONOR-RESTRICTED ENDOWMENT FUND IN ACCORDANCE WITH THE SPECIFIC INSTRUCTIONS PROVIDED BY THE DONOR. THE FUND IS GOVERNED BY THE TEXAS UNIFORM PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT, AS ESTABLISHED BY THE STATE OF TEXAS. THE FOUNDATION'S BOARD OF DIRECTORS HAS INTERPRETED THIS ACT TO REQUIRE ATTENTION TO THE FULL SCOPE OF A DONOR-RESTRICTED ENDOWMENT FUND, INCLUDING BOTH THE ORIGINAL CONTRIBUTION AND ANY NET APPRECIATION. THE ACT OUTLINES PRINCIPLES FOR PRUDENT SPENDING AND EXPLICITLY EMPHASIZES THE NEED TO PRESERVE THE FUND'S VALUE. AS A RESULT OF THIS INTERPRETATION, THE FOUNDATION CLASSIFIES THE AMOUNT SPECIFIED BY THE DONOR AS AN ENDOWMENT AS PERMANENTLY RESTRICTED NET ASSETS. THIS AMOUNT REMAINS UNCHANGED BY INVESTMENT LOSSES IN THE ENDOWMENT FUND OR BY APPROVED EXPENDITURES FROM THE FUND. PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RECOGNIZED THE FOUNDATION AS A PUBLICLY SUPPORTED ORGANIZATION UNDER THE PROVISIONS OF THE INTERNAL REVENUE CODE, SPECIFICALLY SECTIONS 509(A)(1) AND 170(B)(1)(A)(VI). AS A RESULT, THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAXES IN ACCORDANCE WITH SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE FOUNDATION RECOGNIZES UNCERTAIN TAX POSITIONS WHEN IT IS MORE LIKELY THAN NOT THAT THE ASSET OR LIABILITY WILL BE REALIZED. AS OF JUNE 30, 2025, AND 2024, MANAGEMENT BELIEVES THERE WERE NO UNCERTAIN TAX POSITIONS. PART XI, LINE 4B - OTHER ADJUSTMENTS: INVESTMENT FEES 57,971. ROUNDING -1. PART XII, LINE 4B - OTHER ADJUSTMENTS: INVESTMENTS FEES 57,971. SCH D, PAGE 2, PART V QUASI-ENDOWMENTS FOR BOARD DESIGNATED FUNDS ARE BEING TRACKED AND REPORTED BEGINNING IN FYE 6/30/2025. THE REVISION WAS UNDERTAKEN TO PROVIDE GREATER CLARITY REGARDING THE BOARD'S INTENT AND TO MORE FAITHFULLY REPRESENT THE MANNER IN WHICH THESE FUNDS ARE MANAGED AND ADMINISTERED. BEGINNING ENDOWMENTS ON SCHEDULE D WILL VARY FROM THE AUDITED FINANCIAL STATEMENTS BY THE $2,741,215 SEEN IN NOTE 7 OF THE AFS. THIS BALANCE IS INCLUDED IN CURRENT YEAR CONTRIBUTIONS. 1 DEL MAR COLLEGE 101 BALDWIN BLVD CORPUS CHRISTI TX 78404 746003102 1458311 0 INSTITUTIONAL SUPPORT SCHOLARSHIPS GIVEN TO STUDENTS 1441 2946147 EMERGENCY AID GIVEN TO STUDENTS 594 166969 PART I, LINE 2: THE DMC FOUNDATION USES CRITERIA THAT ARE SET BY DONORS WHEN CREATING SCHOLARSHIPS TO SELECT AND AWARD SCHOLARSHIP RECIPIENTS. COMMON CRITERIA INCLUDE: CUMULATIVE GPA, PROGRAM OF STUDY, DEMONSTRATED FINANCIAL NEED AND NUMBER OF SEMESTER HOURS ENROLLED. FORM 990, PART III, LINE 1 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. DIRECT STUDENT SUPPORT IS A TOP PRIORITY AND IN 2024-2025, THE FOUNDATION PROVIDED NEARLY $3 MILLION TO 1,441 STUDENTS ALONG WITH MORE THAN $166,969 TO 594 STUDENTS VIA EMERGENCY AID. FOUNDATION SCHOLARS COMPLETE THEIR INDIVIDUAL PROGRAMS AT A HIGHER RATE COMPARED TO STUDENTS WITH NO ADDITIONAL FINANCIAL SUPPORT (24.1%) AND EVEN THOSE WITH GOVERNMENT FINANCIAL AID (19.2%). EIGHTY-FIVE TO NINETY PERCENT (85-90%) OF DMC STUDENTS COME FROM THE LOCAL AREA WITH SEVENTY-FIVE (75%) REMAINING IN THE COMMUNITY. AS STUDENTS JOIN THE LOCAL WORKFORCE, THE CREDENTIALS THEY EARN INCREASE THEIR EARNING POTENTIAL, EMPOWERING THEM TO BECOME PRODUCTIVE, CONTRIBUTING CITIZENS. THEIR LIVES AND THE LIVES OF THEIR FAMILIES ARE FOREVER CHANGED BY THE NEWFOUND PROSPECT OF FINANCIAL STABILITY. THE FOUNDATION'S GOAL IS TO PROVIDE THE RESOURCES NEEDED FOR ALL STUDENTS TO HAVE THE ABILITY TO ACHIEVE THEIR EDUCATIONAL GOALS. THE FOUNDATION ALSO TAKES AN ACTIVE ROLE IN RAISING FUNDS TO ENHANCE EDUCATIONAL PROGRAMS INCLUDING CRITICAL EQUIPMENT FOR THE HEALTH SCIENCE PROGRAMS, ENGINEERING TECHNOLOGY, AND DRIVING SIMULATORS FOR TRANSPORTATION TRAINING PROGRAM. THE FOUNDATION REGULARLY FACILITATES SIGNIFICANT FUNDING FOR HIGH-DEMAND PROGRAM ENHANCEMENTS. THE FOUNDATION MANAGES ASSETS OF $40 MILLION AND ADMINISTERS MORE THAN 489 SCHOLARSHIP FUNDS. AN 18-MEMBER VOLUNTEER BOARD OF TRUSTEES REPRESENTING A BROAD SECTION OF THE COMMUNITY GOVERNS THE FOUNDATION. DEL MAR COLLEGE FOUNDATION, INC. IS A SEPARATE 501(C)3 NON-PROFIT ORGANIZATION. DEL MAR COLLEGE (DMC) IS A NATIONALLY RECOGNIZED, LOCALLY FOCUSED COMMUNITY COLLEGE THAT IS A PRIMARY ECONOMIC CATALYST FOR THE REGION. PROGRAM GROWTH TARGETS HIGH DEMAND FIELDS THAT SERVICE THE AREA'S GROWING BUSINESS AND INDUSTRY SECTORS, PARTICULARLY IN WORKFORCE PROGRAMS WHERE DMC IS UNIQUELY POSITIONED TO SUPPORT OUR COMMUNITIES. DMC SERVES A DIVERSE POPULATION OF ADULT LEARNERS, DUAL-CREDIT STUDENTS, AND HIGH SCHOOL GRADUATES SEEKING TO GROW IN KNOWLEDGE, SKILLS, AND CAREER OPTIONS. THE COLLEGE MAINTAINS AN OPEN-DOOR POLICY TO PROVIDE ACCESS TO EDUCATION FOR EVERYONE AND SERVES MORE THAN 20,000 LEARNERS EACH YEAR IN ACADEMIC, CAREER AND TECHNICAL, AND CONTINUING EDUCATION COURSES. AS A COMMUNITY COLLEGE, DMC IS IN THE TOP 2% OF HISPANIC SERVING INSTITUTIONS IN THE NATION REFLECTING ITS FOCUS AND SUPPORT OF THE AREA'S DIVERSE POPULATION. JUST AS IMPORTANT IS THE MENU OF SUPPORT SERVICES AVAILABLE TO HELP FIRST GENERATION STUDENTS AND THOSE STRUGGLING WITH FINANCIAL INSECURITIES SUCCEED IN THEIR ACADEMIC PURSUITS. WITH AN AREA POVERTY LEVEL OF 16.5%, MORE THAN HALF (51%) OF DMC STUDENTS RECEIVED FINANCIAL AID. THAT PERCENTAGE JUMPS TO 74% FOR MINORITY STUDENTS. IN JUNE 2021, DMC'S ACCREDITATION WAS REAFFIRMED BY THE SOUTHERN ASSOCIATION OF COLLEGES AND SCHOOLS COMMISSION ON COLLEGES (SACSCOC). THE COLLEGE OFFERS OVER 110 ASSOCIATE DEGREES INCLUDING 43 TRANSFER PROGRAMS, 10 TEACHING DEGREES AND 61 TECHNICAL DEGREES. IN ADDITION, DMC HAS 83 TECHNICAL SKILLS CERTIFICATE PROGRAMS TO FACILITATE EARLY ENTRY INTO WORK FORCE. IN FALL 2021, THE COLLEGE INTRODUCED THE BACHELORS OF SCIENCE IN NURSING (BSN) AS AN EXPANSION OF ITS HIGHLY RATED NURSING PROGRAM, RESPONDING TO THE AREA'S CRITICAL NURSING SHORTAGE. IN FALL 2024, THE COLLEGE INTRODUCED THE BACHELOR OF APPLIED SCIENCE IN MANAGEMENT AND LEADERSHIP (BAS-OML), WHICH PROVIDES A SEAMLESS PATHWAY FOR OVER 55 TWO-YEAR DEGREE TECHNICAL PROGRAMS GRADUATES TO EARN AN ACCREDITED BACHELOR'S DEGREE. THE MUSIC, DRAMA, FINE ARTS, PARALEGAL AND CENTER FOR EARLY LEARNING PROGRAMS ARE ALL NATIONALLY ACCREDITED, MAKING DMC ONE OF THE FEW COMMUNITY COLLEGES IN THE NATION WITH SUCH DISTINCTIONS OF EXCELLENCE. THE CULINARY ARTS PROGRAM IS NATIONALLY ACCREDITED TOO, GIVING ITS GRADUATES THE RIGHT TO THE TITLE OF "CHEF." THE COLLEGE HAS BEEN SERVING A FOUR-PLUS COUNTY AREA OF SOUTH TEXAS WITH QUALITY EDUCATIONAL PROGRAMS SINCE 1935. THESE COUNTIES INCLUDE NUECES, SAN PATRICIO, ARANSAS, KLEBERG AND KENEDY. PROGRAMS ARE OFFERED ON THREE CAMPUSES (HERITAGE, WINDWARD AND OSO CREEK), THE CENTER FOR ECONOMIC DEVELOPMENT AS WELL AS THROUGH DUAL CREDIT PARTNERSHIPS WITH OVER 55 AREA HIGH SCHOOLS. IN NOVEMBER 2014, VOTERS APPROVED A $157 MILLION BOND TO ADDRESS FACILITY NEEDS ON HERITAGE AND WINDWARD CAMPUSES, SUPPORTING THE AREA'S GROWING NEED FOR ADDITIONAL PROGRAMS. IN NOVEMBER 2016, VOTERS APPROVED A $139 MILLION BOND TO CREATE THE NEW OSO CREEK CAMPUS ON THE SOUTH SIDE OF CORPUS CHRISTI, WHICH OPENED IN 2022. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 FINANCIAL INFORMATION AGREES WITH AUDITED FINANCIAL STATEMENTS. THE AUDIT WAS PRESENTED TO THE FULL BOARD FOR REVIEW AND DISCUSSION BY A REPRESENTATIVE OF THE AUDIT FIRM. FORM 990 IS REVIEWED BY DIRECTOR OF DEVELOPMENT AND/OR ASSIGNED STAFF PRIOR TO PRESENTATION TO EXECUTIVE COMMITTEE AND/OR FULL BOARD PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C ANNUAL WRITTEN STATEMENT FROM TRUSTEES AND CONTINUOUS MONITORING BY EXECUTIVE COMMITTEE FORM 990, PART VI, SECTION C, LINE 19 THESE DOCUMENTS ARE MADE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: ROUNDING 1. DEL MAR COLLEGE 101 BALDWIN BLVD CORPUS CHRISTI TX 78404 EDUCATIONAL INSTITUTION-COLLEGE TX N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 DEL MAR COLLEGE N 40000 FMV DEL MAR COLLEGE O 693980 COST