2017-05-15T10:53:42-05:00 2016-06-30 510076769 GUNNIP & COMPANY LLP 2751 CENTERVILLE RD STE 300 WILMINGTON DE 19808 990 2015-07-01 911944585 RODEL CHARITABLE FOUNDATION - DE RODE 3025711536 PO BOX 1636 WILMINGTON DE 19899 PAUL HERDMAN PRESIDENT AND CEO 3025711536 2017-05-12 1 KATHERINE L SILICATO P00543107 3022255000 2015 2021-01-29 14:40:06Z PAUL HERDMAN PO BOX 1636 WILMINGTON DE 19899 1528440 0 X WWW.RODELFOUNDATIONDE.ORG X 1999 DE THE ORGANIZATION WAS FORMED AS A SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3) TO SUPPORT THE DELAWARE COMMUNITY FOUNDATION. 9 9 22 0 -905 -905 0 109817 0 0 2281703 1210789 444278 207834 2725981 1528440 1655049 811482 0 0 1914904 1860795 0 0 0 1666839 898574 5236792 3570851 -2510811 -2042411 22813337 18931552 24515 16777 22788822 18914775 THE ORGANIZATION WAS FORMED AS A SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3) TO SUPPORT THE DELAWARE COMMUNITY FOUNDATION. OUR MISSION IS TO HELP DELAWARE BECOME A GLOBAL LEADER IN EDUCATING EACH OF ITS STUDENTS TO CONTRIBUTE AND THRIVE. 0 0 2761168 811482 OUR SERVICE ACCOMPLISHMENTS ARE: WE SUPPORTED THE PUBLIC-PRIVATE COALITION THAT IS IMPLEMENTING OUR STATEWIDE PLAN CALLED STUDENT SUCCESS 2025; WE HELPED DELAWARE BECOME A NATIONAL LEADER IN PROVIDNG CAREER PATHWAYS IN EMERGING INDUSTRIES THAT CONNECT STUDENTS TO JOBS; WE BUILT THE SKILLS OF TEACHERS TO USE INNOVATIVE 21ST CENTURY PRACTICES IN THEIR CLASSROOMS. 2761168 1 1 0 1 0 0 0 0 0 0 1 1 0 0 0 1 0 1 0 0 1 0 0 0 0 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 24 0 1 22 1 0 0 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X BECKY CAHILL GAROFALO 3025718004 PO BOX 1636 WILMINGTON DE 19899 DONALD V BUDINGER FOUNDING DIRECTOR 1.00 X 0 0 0 WILLIAM D BUDINGER FOUNDING DIRECTOR 1.00 X 0 0 0 SUSAN BUDINGER FOUNDING DIRECTOR 3.00 X 0 0 0 D WAYNE HOLDEN CHAIR & BOARD OF DIRECTORS 1.00 X 0 0 0 FRED SEARS II TREASURER 2.00 X 0 205000 77863 RODMAN WARD III DIRECTOR 3.00 X 0 0 0 TONY ALLEN DIRECTOR 1.00 X 0 0 0 JAMES STEWART DIRECTOR 1.00 X 0 0 0 RAYE JONES AVERY DIRECTOR 1.00 X 0 0 0 PAUL HERDMAN EDD PRESIDENT AND CEO 40.00 X 354020 0 44044 MADELINE M BAYNARD MPA VICE PRESIDENT, POLICY AND 40.00 X 148089 0 31662 REX L VARNER MBA CHIEF OPERATING OFFICER 40.00 X 210529 0 22425 712638 205000 175994 3 0 1 0 0 11008 98809 109817 525984 -905 526889 684805 0 684805 684805 684805 PROGRAM INCOME 900099 182860 182860 LOAN INTEREST INCOME 900099 24832 24832 OTHER INCOME 900099 142 142 207834 1528440 0 -905 1419528 811482 811482 840701 685741 154960 797444 654505 142939 37737 31386 6351 92866 71936 20930 92047 76136 15911 3211 3211 6150 6150 41704 41704 144872 125182 19690 48910 48910 66116 35439 30677 59814 26189 33625 56498 56498 13347 13103 244 217266 139601 77665 22915 22915 11119 11119 ADMINISTRATIVE FEES 76176 76176 TRAINING 57997 57997 ACF ALLOCATED EXPENSES 23736 23736 STIPENDS 22250 22250 26493 19308 7185 3570851 2761168 809683 0 1730743 1585328 546987 546987 496008 470362 48560 25646 16373671 12802568 4113376 3970973 0 50 22813337 18931552 24515 16777 24515 16777 X 22788822 18914775 22788822 18914775 22813337 18931552 X -2042411 -1831636 0 X 0 1 X 0 0 X X 1 DELAWARE COMMUNITY FOUNDATION 222804785 7 1 76176 0 1 76176 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1048 1048 2760121 2761169 288058 72015 0 0 341834 391114 374255 288058 1395261 2092892 1860 288 2496 1048 5692 85459 97779 93564 72015 348817 523226 236693 236693 0 259315 233669 25646 25646 HIRTLE ABSOLUTE & TOTAL RETURN OFF SHORE FUND 2845377 F HIRTLE-PRIVATE EQUITY FUNDS 1125596 F 3970973 X -314204 -1831636 -1831636 1517432 11008 11008 1528440 3570851 0 3570851 0 3570851 PART X, LINE 2: DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: INCOME NOT RELATED TO THE FOUNDATION'S TAX-EXEMPT PURPOSE MAY BE SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA IMPOSE A THRESHOLD FOR DETERMINING WHEN AN INCOME TAX BENEFIT CAN BE RECOGNIZED IN REGARD TO UNCERTAIN TAX POSITIONS. THE FOUNDATION HAS DETERMINED THAT NO LIABILITY FOR UNCERTAIN TAX POSITIONS IS REQUIRED TO BE ACCRUED AND INCLUDED IN THE STATEMENTS OF FINANCIAL POSITION AS OF JUNE 30, 2016 AND 2015. PART XI, LINE 4B - OTHER ADJUSTMENTS: RELATED ORGANIZATION GRANT 11,008. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 4314749 0 0 0 0 0 0 4314749 0 4314749 0 0 0 1 0 0 1 DELAWARE BUSINESS ROUNDTABLE EDUCATION COMMITTEE 100 W 10TH ST SUITE 704 WILMINGTON DE 19801 562364584 501(C)(3) 6500 OPERATIONAL SUPPORT DELAWARE CHARTER SCHOOLS NETWORK 100 W 10TH STREET SUITE 308 WILMINGTON DE 19801 510414527 501(C)(3) 15900 NEW CASTLE COUNTY PUBLIC SCHOOL CHOICE EXPO SCHOOLS THAT LEAD 100 W 10TH ST SUITE 106 WILMINGTON DE 19801 454866878 501(C)(3) 50000 GRANT IN SUPPORT OF NEA FOUNDATION GRANT INNOVATIVE SCHOOLS DEVELOPMENT CORPORATION 100 W 10TH STREET SUITE 403 WILMINGTON DE 19801 550793336 501(C)(3) 418624 MANAGEMENT AND TECHNICAL ASSISTANCE TEACH FOR AMERICA INC 1313 N MARKET ST SUITE 1237 WILMINGTON DE 19801 133541913 501(C)(3) 150000 OPERATIONAL SUPPORT THE PARTNERSHIP INC PO BOX 671 WILMINGTON DE 19899 510385339 501(C)(3) 10000 SUPERSTARS IN EDUCATION-LEADERSHIP METROPOLITAN WILMINGTON URBAN LEAGUE 100 W 10TH ST SUITE 602 WILMINGTON DE 19801 510391465 501(C)(3) 25000 OPERATIONAL SUPPORT NATIONAL COUNCIL ON TEACHER QUALITY 1420 NEW YORK AVENUE NW SUITE 800 WASHINGTON DC 20005 043536571 501(C)(3) 5000 SUPPORT FOR TEACHER ATTENDANCE STUDY ST ANDREW'S SCHOOL 350 NOXONTOWN ROAD MIDDLETOWN DE 19709 510079506 501(C)(3) 20000 SUPPORT FOR THE DELAWARE COLLEGE SCHOLARS PROGRAM HOPE STREET GROUP PO BOX 845113 LOS ANGELES CA 90084 450497577 501(C)(3) 5000 SUPPORT OF NATIONAL TEACHER FELLOWS 10 0 PART I, LINE 2 PROCEDURE FOR MONITORING GRANTS: THE BOARD OF DIRECTORS DETERMINES THE RECIPIENTS AND SIZE OF GRANTS MADE BY THE CORPORATION. GRANTS ARE MADE EITHER AS UNRESTRICTED OR RESTRICTED, AS DEEMED APPROPRIATE BY THE BOARD, IN ORDER TO ENSURE EFFECTIVE USE OF THE CORPORATION'S FUNDS FOR THE CHARITABLE PURPOSES AND IN THE MANNER INTENDED. THE RODEL FOUNDATION EMPLOYS A VARIETY OF TECHNIQUES TO ENSURE COMPLIANCE WITH CONDITIONS SPECIFIED BY THE GRANT. MONITORING IS GENERALLY ACCOMPLISHED THROUGH A COMBINATION OF ACTIVITIES SUCH AS INDEPENDENT EVALUATIONS, REVIEW OF GRANTEE REPORTS, GRANTEE MILESTONES, PHONE CONVERSATIONS, AND ON-SITE VISITS. X X X 0 0 0 0 0 0 0 0 0 FRED SEARS II TREASURER 0 205000 0 0 0 0 0 41993 0 35870 0 282863 0 0 PAUL HERDMAN EDD PRESIDENT AND CEO 354020 0 0 0 0 0 0 0 44044 0 398064 0 0 0 MADELINE M BAYNARD MPA VICE PRESIDENT, POLICY AND 148089 0 0 0 0 0 0 0 31662 0 179751 0 0 0 REX L VARNER MBA CHIEF OPERATING OFFICER 210529 0 0 0 0 0 0 0 22425 0 232954 0 0 0 FORM 990, PART V, LINES 2A AND 2B RODEL CHARITABLE FOUNDATION HAD 22 EMPLOYEES DURING THE 2015 CALENDAR YEAR. THESE EMPLOYEES ARE REPORTED ON THE FORM W-3 OF DELAWARE COMMUNITY FOUNDATION (THE SUPPORTED ORGANIZATION). FORM 990, PART VI, SECTION A, LINE 2 WILLIAM BUDINGER IS THE FATHER OF SUSAN BUDINGER. WILLIAM BUDINGER IS THE BROTHER OF DONALD BUDINGER. DONALD BUDINGER IS THE UNCLE OF SUSAN BUDINGER. FORM 990, PART VI, SECTION B, LINE 11 THE FORM 990 IS INITIALLY REVIEWED BY THE FOUNDATION'S CHIEF OPERATING OFFICER AND THEN IT IS PRESENTED TO THE CEO AND BOARD TREASURER FOR DISCUSSION AND PRELIMINARY APPROVAL. THE BOARD TREASURER INFORMS BOARD MEMBERS OF THE AVAILABILITY OF THE REPORT, AND PRESENTS IT FOR REVIEW/DISCUSSION, AFTER WHICH IT IS APPROVED AND SUBMITTED FOR FILING. FORM 990, PART VI, SECTION B, LINE 12C THE CONFLICT OF INTEREST POLICY IS DISTRIBUTED TO ALL BOARD MEMBERS AND ADVISORS. ANNUALLY BOARD MEMBERS ARE ASKED TO SIGN A CONFLICT OF INTEREST POLICY ACKNOWLEDGEMENT FORM. FORM 990, PART VI, SECTION B, LINE 15 15(A) THE COMPENSATION FOR THE CEO POSITION IS BENCHMARKED THROUGH A CUSTOMIZED SALARY SURVEY CONDUCTED FOR THE FOUNDATION AS REQUESTED BY THE PERSONNEL COMMITTEE OF THE BOARD. THE FOUNDATION ALSO PARTICIPATES IN AN ANNUAL COMPENSATION SURVEY BENCHMARK CONDUCTED BY THE POLICY INNOVATORS IN EDUCATION (PIE) NETWORK AND TANDEHILL HUMAN CAPITAL WHICH COMPARES SALARIES FOR THE CEO AND OTHER POSITIONS AGAINST 40 OTHER ORGANIZATIONS ACROSS THE U.S. THAT PERFORM WORK SIMILAR TO THE RODEL FOUNDATION. THE PERSONNEL COMMITTEE REVIEWS THE PERFORMANCE OF THE CEO AND BENCHMARK COMPENSATION DATA AND DETERMINES HIS MERIT INCREASE AND BONUS (IF GRANTED FOR THE YEAR). THE BOARD AFFIRMS THE PERSONNEL COMMITTEE'S DECISION. 15(B) THE ORGANIZATION HAS ESTABLISHED SALARY RANGES FOR ALL POSITIONS IN THE ORGANIZATION. SALARY RANGES ARE BENCHMARKED AND UPDATED EVERY FEW YEARS BASED ON MANAGEMENT ANALYSIS AND WITH AGREEMENT OF THE PERSONNEL COMMITTEE OF THE BOARD. BENCHMARKS FOR FOR SALARY RANGES AND SPECIFIC POSITION COMPENSATION LEVELS INCLUDE AN ANNUAL COMPENSATION SURVEY BENCHMARK CONDUCTED BY THE POLICY INNOVATORS IN EDUCATION (PIE) NETWORK AND TANDEHILL HUMAN CAPITAL WHICH COMPARES SALARIES FOR ALL OFFICERS AND KEY EMPLOYEES OF THE FOUNDATION AGAINST 40 OTHER ORGANIZATIONS ACROSS THE U.S. THAT PERFORM WORK SIMILAR TO THE RODEL FOUNDATION. MERIT INCREASES AND BONUSES IF AWARDED ARE RECOMMENDED BY MANAGEMENT AND APPROVED BY THE PERSONNEL COMMITTEE AND BOARD EVERY YEAR AND ARE ALIGNED WITH THE SALARY RANGES OF THE ORGANIZATION. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 2C THE ORGANIZATION USES THE AUDIT COMMITTEE OF THE DELAWARE COMMUNITY FOUNDATION (OF WHICH RODEL IS A SUPPORTING ORGANIZATION) TO OVERSEE AND REVIEW THE ANNUAL FINANCIAL STATEMENT AUDIT. AFTER THIS REVIEW THE AUDIT IS SUBMITTED TO THE ORGANIZATION'S TREASURER AND BOARD OF DIRECTORS FOR REVIEW AND APPROVAL. DELAWARE COMMUNITY FOUNDATION INC PO BOX 1636 WILMINGTON DE 19899 222804785 CHARITABLE FUND MANAGEMENT DE 501(C)(3) 7 N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 DELAWARE COMMUNITY FOUNDATION INC M 76176 ADMINISTRATIVE FEES PAID