2014-03-13T15:39:55-05:00 2013-06-30 510232399 BELFINT LYONS & SHUMAN PA 1011 CENTRE ROAD SUITE 310 WILMINGTON DE 19805 990 2012-07-01 911944585 RODEL CHARITABLE FOUNDATION - DE RODE 3025711636 P O BOX 1636 WILMINGTON DE 19899 PAUL HERDMAN 3025711636 2014-03-11 1 JORDON N ROSEN CPA P00288407 3022250600 2012 2015-11-30 17:44:51Z PAUL HERDMAN P O BOX 1636 WILMINGTON DE 19899 6075582 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. 7 6 18 0 -216 -216 635561 135007 0 0 1280758 864785 35438 36242 1951757 1036034 1904231 1589201 0 0 1564366 1696237 0 0 0 1449204 1321378 4917801 4606816 -2966044 -3570782 30098645 28678724 103311 28696 29995334 28650028 X THE ORGANIZATION WAS FORMED AS A SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3) TO SUPPORT THE DELAWARE COMMUNITY FOUNDATION. 0 0 3836681 1589201 AS A NONPROFIT WITH THE GOAL OF HELPING DELAWARE BUILD WORLD-CLASS SCHOOLS BY 2020, THE RODEL FOUNDATION OF DELAWARE WORKS TO IMPLEMENT THIS VISION IN MANY WAYS:PROMOTING POLICY. CHANGES THAT CAN HAVE A HUGE IMPACT STATEWIDE, LIKE RAISING ACADEMIC STANDARDS, USING TIMELY DATA TO MAKE DECISIONS, AND INVESTING IN OUR YOUNGEST LEARNERS.PROVIDING SEED FUNDING. TO INNOVATIVE, POTENTIALLY HIGH-IMPACT INITIATIVES, LIKE THE VISION NETWORK OF DELAWARE, WHICH SUPPORTS MORE THAN TWO DOZEN DISTRICT AND PUBLIC CHARTER SCHOOLS. WHETHER IDEAS COME FROM SEAFORD OR SINGAPORE, OUR STRATEGY IS SIMPLE: DO MORE OF WHAT WORKS.CREATING AND LEADING DIVERSE STATEWIDE PARTNERSHIPS. THAT CATALYZE ACTION, INCLUDING VISION 2015, ONE OF THE MOST ENDURING AND EFFECTIVE PUBLIC-PRIVATE PARTNERSHIPS OF ITS KIND IN THE COUNTRY. 3836681 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 17 0 1 18 1 0 0 0 0 0 0 0 0 0 0 0 X 7 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X RICHARD GENTSCH 3025718004 PO BOX 1636 WILMINGTON DE 19899 DONALD V BUDINGER 2.00 X 0 0 0 WILLIAM D BUDINGER 2.00 X 0 0 0 SUSAN BUDINGER 2.00 X 0 0 0 D WAYNE HOLDEN 2.00 X 0 0 0 HRAYE JONES AVERY 2.00 X 0 0 0 FRED SEARS II 2.00 X 0 202440 60494 RODMAN WARD III 2.00 X 0 0 0 PAUL HERDMAN EDD 40.00 X 283847 0 36716 DOROTHY JACOBSON 40.00 X 129910 0 14089 RICCARDO STOECKICHT 40.00 X 93646 0 9949 MADELINE M BAYNARD MPA 40.00 X 114968 0 21653 REX L VARNER MBA 40.00 X 65385 0 6081 687756 202440 148982 3 0 1 0 0 135007 135007 563541 -216 563757 5340792 5039548 301244 301244 301244 LOAN INTEREST INCOME 900099 35438 35438 MISCELLANEOUS REVENUE 900099 804 804 36242 1036034 0 -216 901243 X 1589201 1589201 734337 613285 121052 676021 504829 171192 30506 22760 7746 168712 120519 48193 86661 68051 18610 14410 14410 7380 7380 61358 61358 669758 603661 66097 74828 74828 33762 11782 21980 47518 32927 14591 50066 50066 7465 7187 278 150735 145955 4780 9843 9843 ADMINISTRATIVE FEES 87118 87118 ACF ALLOCATED EXPENSES 33958 33958 COMMUNICATIONS 31249 31249 TRAINING 20250 39 20211 21680 10408 11272 4606816 3836681 770135 0 1992862 1262619 850000 850000 2598 1299 497796 485563 22075 12233 22911772 22069891 4308659 4474403 10679 8279 30098645 28678724 103311 28696 103311 28696 X 29995334 28650028 29995334 28650028 30098645 28678724 -3570782 2225476 0 X X 0 1 X 0 0 X X X X 0 0 0 DELAWARE COMMUNITY FOUNDATION 222804785 7 1 1 1 87118 1 87118 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1860 1860 3834821 3836681 341834 85459 0 0 326077 363628 341834 1031539 1547309 5888 1860 7748 81519 90907 85459 257885 386828 234518 231393 3125 263278 254170 9108 0 12233 RODEL PEBBLES AA - MULTI-STRATEGY HEDGE FUND 158071 F HIRTLE - MULTI-STRATEGY HEDGE FUNDS 2590421 F HIRTLE - PRIVATE EQUITY FUNDS 1725911 F 4474403 X 3261510 2225476 2225476 1036034 0 1036034 4606816 0 4606816 0 4606816 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: 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, 2013 AND 2012. CENTRAL AMERICA AND THE CARIBBEAN 0 0 INVESTMENT 4046152 0 0 0 0 0 0 4046152 0 4046152 0 0 0 1 0 0 1 LEARNING LINK OF DELAWARE 100 W 10TH STREET SUITE 106 WILMINGTON DE 19801 270392320 501(C)3 45454 FUNDING STUDY OF OUTCOMES ASSOCIATE WITH SPS PROGRAM INNOVATIVE SCHOOLS DEVELOPMENT CORPORATION 100 W 10TH STREET SUITE 403 WILMINGTON DE 19801 550793336 501(C)3 755545 EDUCATIONAL SUPPORT TEACH FOR AMERICA INC 100 W 10TH ST SUITE 500 WILMINGTON DE 19801 133541913 501(C)3 100000 EDUCATIONAL SUPPORT THE PARTNERSHIP INC PO BOX 671 WILMINGTON DE 19899 510385339 501(C)3 7500 EDUCATIONAL SUPPORT DELAWARE CHARTER SCHOOLS NETWORK 100 W 10TH STREET SUITE 1012 WILMINGTON DE 19801 510414527 501(C)3 50000 EDUCATIONAL SUPPORT DELAWARE PUBLIC POLICY INSTITUTE 1201 NORTH ORANGE STREET SUITE 201 WILMINGTON DE 19801 510329200 501(C)3 50000 EDUCATIONAL SUPPORT BOYS AND GIRLS CLUBS OF DELAWARE INC 669 SOUTH UNION ST WILMINGTON DE 19805 510068712 501(C)3 10000 EDUCATIONAL SUPPORT NATIONAL COUNCIL ON TEACHER QUALITY 1420 NEW YORK AVENUE NWSUITE 800 WASHINGTON DC 20005 043536571 501(C)3 5500 EDUCATIONAL SUPPORT PHILANTHROPY ROUNDTABLE 1730 M ST NW SUITE 601 WASHINGTON DC 20036 132943020 501(C)3 5000 EDUCATIONAL SUPPORT NATIONAL PUBLIC EDUCATION SUPPORT FUND 3205 R STREET NW WASHINGTON DC 20007 263015634 501(C)3 10000 GRANT TO EDUCATION FUNDER VOICES 4 DELAWARE EDUCATION 501(C)(3) 100 W 10TH ST SUITE 308 WILMINGTON DE 19801 452656803 501(C)3 73750 TO SUPPORT AWARENESS OF EDUCATIONAL ISSUES DELAWARE BUSINESS ROUNDTABLE EDUCATION COMMITTEE 100 W 10TH ST SUITE 106 WILMINGTON DE 19801 562364584 501(C)3 40000 EDUCATIONAL SUPPORT DELAWARE STATE BOARD EDUCATION 401 FEDERAL STREET SUITE 2 DOVER DE 19901 516000279 501(C)3 10000 EDUCATIONAL SUPPORT EARLY COLLEGE HIGH SCHOOL AT DELAWARE STATE UNIVERSITY 1200 N DUPONT HIGHWAY DOVER DE 19901 516000279 501(C)3 75000 EDUCATIONAL SUPPORT FIRST STATE MONTESSORI 1209 GREENWAY ROAD WILMINGTON DE 19803 516000279 501(C)3 75000 EDUCATIONAL SUPPORT HOPE STREET GROUP 1747 PACIFIC AVENUE PRESCOTT AZ 86301 450497577 501(C)3 10000 EDUCATIONAL SUPPORT LEADERSHIP DELAWARE INC 1207 DELAWARE AVENUE WILMINGTON DE 19806 263527196 501(C)3 5000 PROGRAM SPONSORSHIP RELAY GRADUATE SCHOOL OF EDUCATION 40 W 20TH ST 7TH FLOOR NEW YORK NY 10011 275316628 501(C)3 75000 EDUCATIONAL SUPPORT SUSSEX ACADEMY OF ARTS & SCIENCES 21777 SUSSEX PINES ROAD GEORGETOWN DE 19947 510394512 501(C)3 10000 EDUCATIONAL SUPPORT VISION NETWORK 100 W 10TH ST SUITE 308 WILMINGTON DE 19801 454866878 501(C)3 50000 EDUCATIONAL SUPPORT 20 PROCEDURE FOR MONITORING GRANTS IN THE U.S.: PART I, LINE 2: SCHEDULE I, PART I, LINE 2: 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 0 202440 0 0 0 0 0 35730 0 24764 0 262934 0 0 PAUL HERDMAN EDD 237542 0 46305 0 0 0 12047 0 24669 0 320563 0 0 0 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 FROM 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 LATEST SURVEY WAS CONDUCTED IN 2010 BY KOYA CONSULTING. 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 ORGANZIATION. SALARY RANGES ARE BENCHMARKED AND UPDATED EVERY FEW YEARS BASED ON MANAGEMENT ANALYSIS AND WITH AGREEMENT OF THE PERSONNELL COMMITTEE OF THE BOARD. BENCHMARKS FOR SALARY RANGES AND SPECIFIC POSITION COMPENSATION LEVELS INCLUDE A CUSTOMIZED SALARY SURVEY CONDUCTED BY KOYA CONSULTING FOR THE FOUNDATION IN 2010 AND 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. OTHER FEES FORM 990, PART IX, LINE 11G CONSULTING: PROGRAM SERVICE EXPENSES 603,661. MANAGEMENT AND GENERAL EXPENSES 66,097. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 669,758. 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. FORM 990, PART V, LINES 2A AND 2B RODEL CHARITABLE FOUNDATION HAD 18 EMPLOYEES DURING THE 2012 CALENDAR YEAR. THESE EMPLOYEES ARE REPORTED ON THE FORM W-3 OF DELAWARE COMMUNITY FOUNDATION (A SUPPORTED ORGANIZATION). 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 87118 ADMINISTRATIVE FEES PAID