2013-03-13T09:08:59-05:00 2012-06-30 510232399 BELFINT LYONS & SHUMAN PA 1011 CENTRE ROAD SUITE 310 WILMINGTON DE 19805 990 2011-07-01 911944585 RODEL CHARITABLE FOUNDATION - DE RODE 3025711536 P O BOX 1636 WILMINGTON DE 19899 PAUL HERDMAN 3025711536 2013-03-13 1 JORDON ROSEN CPA P00288407 3022250600 2011 2016-03-07 17:11:31Z PAUL HERDMAN P O BOX 1636 WILMINGTON DE 19899 4200304 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 7 15 0 10742 0 445141 635561 0 0 1322994 1280758 46838 35438 1814973 1951757 1682495 1904231 0 0 1200451 1564366 0 0 0 1269654 1449204 4152600 4917801 -2337627 -2966044 34452939 30098645 86414 103311 34366525 29995334 X THE ORGANIZATION WAS FORMED AS A SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3) TO SUPPORT THE DELAWARE COMMUNITY FOUNDATION. 0 0 4272566 1904231 IN FY 2012, THE RODEL CHARITABLE FOUNDATION OF DELAWARE INVESTED IN A RANGE OF PROGRAMS AND ACTIVITIES DESIGNED TO IMPROVE STUDENT ACHIEVEMENT IN DELAWARE. OUR EFFORTS FALL INTO THREE AREAS: THE IMPROVEMENT OF PUBLIC POLICY TO ACCELERATE STUDENT ACHIEVEMENT; SHARING BEST PRACTICES FROM AROUND THE NATION AND THE WORLD WITH SCHOOL DISTRICTS AND CHARTER SCHOOLS IN DELAWARE; AND THE ENGAGEMENT OF THE PUBLIC ON BEHALF OF BETTER SCHOOLS. WE DIRECTED OUR FINANCIAL AND STAFF SUPPORT TO MANY AREAS IN FY12, INCLUDING: (1) IMPLEMENTATION OF NUMEROUS RACE TO THE TOP INITIATIVES BEING IMPLEMENTED AT THE STATE, DISTRICT AND SCHOOL LEVELS, INCLUDING WORLD-CLASS TEACHER AND PRINCIPAL PREPARATION PROGRAMS; (2) THE REPOSITIONING OF THE VISION NETWORK TO ENHANCE ITS EFFECTIVENESS IN HELPING PRINCIPALS AND TEACHERS CREATE STRONG SCHOOL CULTURES AND LEARNING ENVIROMENTS FOR ALL STUDENTS; (3) EXPANDING THE PRESENCE OF TEACH FOR AMERICA IN DELAWARE--ASSISTING IT IN ESTABLISHING ITS DELAWARE OFFICES AND EXPANDING ITS CORPS OF TEACHERS TO 47, LOCATED AT 13 SITES ACROSS THE CITY OF WILMINGTON--AND SUPPORTING THE LAUNCH OF THE DELAWARE LEADERSHIP PROGRAM FOR ASPIRING PRINCIPALS TO SERVE HIGH-NEED SCHOOLS. 4272566 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 0 1 X 16 0 1 15 1 1 1 0 0 0 0 0 0 0 0 0 0 X 7 7 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 202441 50359 RODMAN WARD III 2.00 X 0 0 0 PAUL HERDMAN 40.00 X 259542 0 36293 DOROTHY JACOBSON 40.00 X 159631 0 17833 RICCARDO STOECKICHT 40.00 X 141422 0 29075 560595 202441 133560 3 0 1 0 PARTHENON GROUP LLC 200 STATE STREET 14TH FLOOR BOSTON MA 02109 CONSULTING 285000 MASS INSIGHT EDUCATION & RESEARCH INSTIT 18 TREMONT STREET SUITE 930 BOSTON MA 02108 CONSULTING 160813 2 130000 44000 461561 635561 539284 10742 528542 2990021 2248547 741474 741474 741474 LOAN INTEREST INCOME 900099 35438 35438 35438 1951757 0 10742 1305454 1904231 1904231 607509 513145 94364 719073 637696 81377 27115 22406 4709 131356 113391 17965 79313 68722 10591 30207 29923 284 78920 78920 761304 734625 26679 59461 59358 103 22937 815 22122 28627 12312 16315 50960 50960 5946 5738 208 112053 109076 2977 13288 13288 ADMINISTRATIVE FEES 90221 90221 COMMUNICATIONS 61128 61128 ACF ALLOCATED EXPENSES 54313 54313 TRAINING 34472 34472 45367 45367 4917801 4272566 645235 0 1177017 1992862 850000 850000 3897 2598 497796 475721 19982 22075 27306524 22911772 5094200 4308659 1319 10679 34452939 30098645 86414 103311 86414 103311 X 34366525 29995334 34366525 29995334 34452939 30098645 X -2966044 -1405147 X 0 1 0 X 0 X X X X 0 0 0 DELAWARE COMMUNITY FOUNDATION 222804785 7 1 1 1 90221 1 90221 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 4272565 4272565 363628 90907 0 0 326077 363628 689705 1034558 5888 5888 81519 90907 172426 258639 234518 230222 4296 263278 245499 17779 0 22075 RODEL PEBBLES AA - MULTI-STRATEGY HEDGE FUND 148289 F HIRTLE - MULTI-STRATEGY HEDGE FUNDS 2357973 F HIRTLE - PRIVATE EQUITY FUNDS 1802397 F 4308659 1951757 4917801 -2966044 -1405147 -1405147 -4371191 546610 -1405147 -1405147 1951757 0 1951757 4917801 0 4917801 0 4917801 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: 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, 2012 AND 2011. CENTRAL AMERICA AND THE CARIBBEAN INVESTMENT 3729160 0 0 0 0 0 0 3729160 0 3729160 1 0 0 1 0 0 1 LEARNING LINK OF DELAWARE 100 W 10TH STREET SUITE 106 WILMINGTON DE 19801 270392320 501(C)3 81900 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 758603 OPERATIONAL SUPPORT TEACH FOR AMERICA INC 100 W 10TH ST SUITE 500 WILMINGTON DE 19801 133541913 501(C)3 101000 EDUCATION SUPPORT THE PARTNERSHIP INC PO BOX 671 WILMINGTON DE 19899 510385339 501(C)3 7500 EDUCATION SUPPORT DELAWARE CHARTER SCHOOLS NETWORK 100 W 10TH STREET SUITE 1012 WILMINGTON DE 19801 510414527 501(C)3 30000 EDUCATION SUPPORT DELAWARE PUBLIC POLICY INSTITUTE 1201 NORTH ORANGE STREET SUITE 201 WILMINGTON DE 19801 510329200 501(C)3 50000 EDUCATION SUPPORT BOYS AND GIRLS CLUBS OF DELAWARE INC 669 SOUTH UNION ST WILMINGTON DE 19805 510068712 501(C)3 10000 EDUCATION SUPPORT COLLEGE SUMMIT 1769 COLUMBIA ROAD NW 2ND FLOOR WASHINGTON DC 20009 522007028 501(C)3 20000 FEASIBILITY STUDY HARVARD UNIVERSITY 1350 MASSACHUSETTS AVENUE CAMBRIDGE MA 02138 042103580 501(C)3 124200 EDUCATION SUPPORT LA ACADEMIA ANTONIA ALONSO 403 NORTH VANBUREN STREET WILMINGTON DE 19805 237047048 501(C)3 75000 EDUCATION SUPPORT NATIONAL ASSOCIATION OF CHARTER SCHOOL AUTHORIZERS 105 WEST ADAMS STREET SUITE 3500 CHICAGO IL 60603 841553195 501(C)3 20000 EDUCATION SUPPORT NATIONAL COUNCIL ON TEACHER QUALITY 1420 NEW YORK AVENUE NWSUITE 800 WASHINGTON DC 20005 043536571 501(C)3 9200 EDUCATION SUPPORT PHILANTHROPY ROUNDTABLE 1730 M ST NW SUITE 601 WASHINGTON DC 20036 132943020 501(C)3 5000 EDUCATION SUPPORT NATIONAL PUBLIC EDUCATION SUPPORT FUND 3205 R STREET NW WASHINGTON DC 20007 263015634 501(C)3 10000 GRANT TO EDUCATION FUNDER SOJOURNERS 3333 14TH STREET NW SUITE 200 WASHINGTON DC 20010 237380554 501(C)3 50000 RODEL FOUNDATION GRANT THE ASPEN INSTITUTE INC ONE DUPONT CIRCLE NW SUITE 700 WASHINGTON DC 20036 840399006 501(C)3 50000 GRANT TO SUPPORT THE SOCRATES THE CLIMATE REALITY PROJECT 901 E STREET NW WASHINGTON DC 20004 870745629 501(C)3 25000 FOUNDATION GRANT THIRD WAY INSTITUTE 1025 CONNECTICUT AVENUE NW SUITE 501 WASHINGTON DC 20036 260535276 501(C)3 175000 FOUNDATION GRANT VOICES 4 DELAWARE EDUCATION 100 W 10TH ST SUITE 308 WILMINGTON DE 19801 452656803 501(C)3 250000 INITIAL START UP FUNDS 19 0 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 202441 0 0 0 0 0 27504 0 22855 0 252800 0 0 PAUL HERDMAN 259542 0 0 0 0 0 11025 0 25268 0 295835 0 0 0 DOROTHY JACOBSON 159631 0 0 0 0 0 7371 0 10462 0 177464 0 0 0 RICCARDO STOECKICHT 141422 0 0 0 0 0 6220 0 22855 0 170497 0 0 0 FORM 990, PART V, LINES 2A AND 2B RODEL CHARITABLE FOUNDATION HAD 15 EMPLOYEES DURING THE 2011 CALENDAR YEAR. THESE EMPLOYEES ARE REPORTED ON THE FORM W-3 OF DELAWARE COMMUNITY FOUNDATION (A 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 AT THE 1ST QUARTER BOARD MEETING, 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 BY A SURVEY CONDUCTED EVERY FEW YEARS, AS REQUESTED BY THE PERSONNEL COMMITTEE OF THE BOARD. THE LATEST SURVEY WAS CONDUCTED IN 2010 BY KOYA CONSULTING. EVERY YEAR, THE PERSONNEL COMMITTEE REVIEWS THE PERFORMANCE OF THE CEO AND DETERMINES HIS MERIT INCREASE AND BONUS (IF GRANTED FOR THE YEAR) WITHIN THE ESTABLISHED SALARY BAND FOR THE POSITION. 15(B) THE ORGANIZATION HAS A TABLE OF SALARY BANDS FOR ALL POSITIONS IN THE ORGANIZATION. THE SALARY BANDS ARE BENCHMARKED WITHIN THE MARKET FROM WHICH THE ORGANIZATION RECRUITS, AND THEY ARE UPDATED EVERY FEW YEARS AT THE REQUEST OF THE BOARD PERSONNEL COMMITTEE. THE LATEST BENCHMARKING OCCURED IN 2010. MERIT INCREASES AND BONUSES IF AWARDED ARE RECOMMENDED BY MANAGEMENT AND APPROVED BY THE PERSONNEL COMMITTEE AND BOARD EVERY YEAR, AND ABIDE BY THE RESPECTIVE SALARY BANDS OF THE POSITIONS EMPLOYEES HOLD. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -1,405,147. FORM 990, PART XI, LINE 2C THE ORGANIZATION USES THE AUDIT COMMITTEE OF THE DELAWARE COMMUNITY FOUNDATION (A SUPPORTED 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 1 1 1 0 0 0 0 DELAWARE COMMUNITY FOUNDATION INC L 90222 ADMINISTRATIVE FEES PAID