Delaware State University Foundation Inc
Only null% goes to programs Strong reserves Declining revenue
Delaware State University Foundation Inc is a 501(c)(3) organization based in Dover, Delaware, registered in 2006, with $14,198,157 in FY2024 revenue. CharityIndex grades it B.
1200 N Dupont Hwy, Dover, DE, 19901 EIN 20-1372435 Since 2006
Revenue (FY2024)
$14.2M
▼ 5.8% vs prior year
Education median: $200K
Expenses (FY2024)
$13.7M
Net assets
$39.3M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Delaware State University Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
AFinancial health25% of the rating35 mo reserves · +4% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Delaware State University Foundation Inc: 35 mo reserves · +4% margin earns a A on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Delaware State University Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Delaware State University Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1200 N Dupont Hwy, Dover, DE, 19901
- City
- Dover
- State
- Delaware
- Category
- Education
- Subcategory
- Support Foundations & Fundraising
- Website
- …
Financial trends
Revenue grew from $3.4M (FY2013) to $14.2M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $471KNet assets $39.3M
Operating margin
3.8%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$39.8M
Total liabilities
$471K
Net assets
$39.3M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $14,198,157▼5.8% | $13,661,835▼35.4% | $39,344,782▲6.3% | $39,815,791▲6.2% | 990 |
| 2023 | $15,075,842▲1.9% | $21,163,293▲75.2% | $37,018,763▼10.0% | $37,475,656▼9.9% | 990 |
| 2022 | $14,796,790▼22.5% | $12,076,158▲38.1% | $41,120,839▲13.0% | $41,592,921▲11.4% | 990 |
| 2021 | $19,092,791▲13.1% | $8,745,735▲40.1% | $36,397,735▲24.8% | $37,335,368▲25.2% | 990 |
| 2020 | $16,875,299▲149% | $6,240,762▲4.4% | $29,167,684▲96.1% | $29,822,062▲97.0% | 990 |
| 2019 | $6,786,908▲24.5% | $5,977,056▼51.4% | $14,876,587▲5.1% | $15,136,288▲3.3% | 990 |
| 2018 | $5,453,288▲24.8% | $12,294,950▲152% | $14,161,214▼31.7% | $14,652,214▼31.8% | 990 |
| 2017 | $4,370,370▲23.6% | $4,876,840▲31.3% | $20,734,312▲0.1% | $21,477,233▲1.6% | 990 |
| 2016 | $3,534,899▲2.5% | $3,715,362▲3.6% | $20,708,617▲3.5% | $21,135,639▲2.1% | 990 |
| 2015 | $3,448,423▼36.6% | $3,586,073▲97.6% | $20,004,773▼2.2% | $20,691,464▼1.6% | 990 |
| 2014 | $5,437,102▲58.7% | $1,814,370▼20.0% | $20,444,971▲13.7% | $21,036,548▲12.9% | 990 |
| 2013 | $3,425,332 | $2,267,226▲22.9% | $17,976,075▲14.4% | $18,632,865▲13.9% | 990 |
| 2012 | — | $1,844,303▲8.6% | $15,719,741▲4.4% | $16,360,693▲5.0% | 990 |
| 2011 | — | $1,698,768 | $15,058,922 | $15,580,128 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $12.8M total
64 grants to Delaware State University Foundation Inc totaling $12.8M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Thurgood Marshall College Fund Inc | Institutional grant | 2024 | $675,000 |
| Thurgood Marshall College Fund Inc | Dsu near completers pilot | 2024 | $45,032 |
| American Online Giving Foundation Inc | General support | 2024 | $7,801 |
| National Philanthropic Tr | International | 2023 | $200,000 |
| American Online Giving Foundation Inc | General support | 2023 | $161,107 |
| Bayhealth Medical Center Inc | Program support | 2023 | $150,000 |
| Strada Education Foundation Inc | Operating grant | 2023 | $140,400 |
| Thurgood Marshall College Fund Inc | Dsu near completers pilot | 2023 | $107,000 |
| Delaware Community Foundation | Dsu trauma initiative: burnout prevention; restricted to support dsu downtown, formerly wesley college | 2023 | $101,542 |
| Delaware State University | Operational support | 2023 | $85,602 |
| Thurgood Marshall College Fund Inc | Dsu near completers pilot | 2023 | $77,000 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $13,000 |
| Donor Advised Charitable Giving | Education | 2023 | $10,000 |
| Denver Foundation | Higher education | 2023 | $10,000 |
| Paypal Charitable Giving Fund | — | 2023 | $7,138 |
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Frequently asked questions
- Is Delaware State University Foundation Inc a legitimate nonprofit?
- Yes. Delaware State University Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 20-1372435, based in Dover, Delaware. Donations are tax-deductible.
- What is Delaware State University Foundation Inc's EIN?
- Delaware State University Foundation Inc's Employer Identification Number (EIN) is 20-1372435.
- How much revenue does Delaware State University Foundation Inc report?
- Delaware State University Foundation Inc reported $14,198,157 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Delaware State University Foundation Inc have?
- CharityIndex grades Delaware State University Foundation Inc B, based on financial health (reserves and operating margin).
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Data for Delaware State University Foundation Inc (EIN 20-1372435) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.