2011-02-07T08:03:48-06:00 2010-06-30 BELFINT LYONS & SHUMAN PA 1011 CENTRE ROAD SUITE 310 WILMINGTON DE 19805 990 2009-07-01 911944585 Rodel Charitable Foundation - DE RODE 3025711536 P O Box 1636 Wilmington DE 19899 PAUL HERDMAN 3025711536 2011-01-19 1 Jordon Rosen 3022250600 2009 2016-02-24 21:20:13Z PAUL HERDMAN P O Box 1636 Wilmington DE 19899 15841311 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 18 -12420 -12420 218000 178364 0 2162884 511973 88149 37250 2469033 727587 574481 847339 0 1532726 1175783 0 0 2050621 1148523 4157828 3171645 -1688795 -2444058 31396290 31746125 89345 73873 31306945 31672252 The organization was formed as a supporting organization under IRC Section 509(a)(3) to support the Delaware Community Foundation. 0 0 2542473 847339 In FY 2010, 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 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 FY10, including: (1) the development of Delaware's #1-rated Race to the Top application to the federal government, which resulted in $119M new dollars to transform Delaware's public education system; (2) the expansion of the Vision Network to 26 schools in five districts, through which school leaders and teachers receive intensive training, coaching and mentoring in data-driven decision-making to accelerate student improvement; this program has been deemed a national model by the independent evaluators; (3) the placement of 18 Teach For America corps members in 6 high-need schools, resulting in an average of 1.4 years of academic growth among those students. By informing the public debate, improving public policy, and demonstrating what's possible in classrooms, Rodel is working to improve public education for students today and for generations to come. 2542473 1 1 0 0 0 0 0 0 0 1 0 1 0 0 0 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 19 0 1 15 1 0 0 0 0 0 0 0 0 0 0 7 7 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X DEBRA GOODMAN 3025718004 PO BOX 1636 WILMINGTON DE 19899 CONNIE BOND STUART 2.00 X 0 0 0 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 Ray Jones Avery 2.00 X 0 0 0 Fred Sears 2.00 X 0 202463 25590 PAUL HERDMAN 40.00 X X 201976 0 26428 DOROTHY JACOBSON 40.00 X 135955 0 14284 Riccardo Stoeckicht 40.00 X 112396 0 22179 Ann L Henderson 40.00 X 90961 0 11238 541288 202463 99719 3 0 1 0 Focus on Results 5901 Warner Ave Box 441 Huntington Beach CA 92649 Educational Consulting 176783 1 178364 178364 619230 619230 15006467 15113724 -107257 -107257 -107257 Loan Interest Income 900099 52062 52062 Other Income 900099 4483 4483 OTHER INCOME FROM PASS 900099 -19295 -12420 -6875 37250 727587 4483 -12420 557160 847339 847339 495523 413639 81884 420602 344959 75643 43775 36528 7247 155890 120246 35644 59993 48860 11133 29129 25991 3138 78336 78336 62557 62159 398 3650 228 3422 11745 1377 10368 10671 10671 5724 3280 2444 110625 87818 22807 79859 79859 948 948 FEDERAL TAXES 678 678 Consulting 488090 482171 5919 ADMINISTRATIVE FEES 95412 95412 ACF ALLOCATED Expenses 64021 64021 Communications 48570 48570 58508 18360 40148 3171645 2542473 629172 0 1893554 1845107 26052 10071 1325000 1325000 10800 65196 465749 389194 148304 76555 23660425 23656832 4286155 4736588 46000 30776 31396290 31746125 64845 73873 24500 89345 73873 X 31280893 31672252 26052 0 31306945 31672252 31396290 31746125 X 0 1 0 X 0 X X X X 0 0 0 DELAWARE COMMUNITY FOUNDATION 222804785 7 1 1 1 187289 1 187289 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 227878 188662 39216 237871 200532 37339 0 76555 HIRTLE CALLAGHAN PE OFFSHORE FUND VII LTC 146557 F HC PRIVATE EQ VI OFFSHORE 300968 F H. CALLAGHAN TOT RETN OFFSH FD II LTD 2078658 F H. CALLAGHAN ABSO RETN OFFSH FD II LTD 1075422 F HIRTLE CALLAGHAN PRIVATE EQUITY III LP 269449 F HIRTLE CALLAGHAN PRIVATE EQUITY IV LP 413645 F HCC PE FUND V OFFSHORE 451889 F 4736588 727587 3171645 -2444058 2790070 19295 2809365 365307 3536952 2790070 2790070 746882 -19295 -19295 727587 3079768 0 3079768 91877 91877 3171645 Part XI, Line 8 - Other Adjustments: INCOME RECOGNIZED FOR TAX PURPOSES - Income from Pass Through Entities: 19295. Part XII, Line 4b - Other Adjustments: INCOME FROM PASS THROUGH ENTITIES: -19295. Part XIII, Line 4b - Other Adjustments: Interfund Grants: 91877. Part X - Line 2 - The Foundation adopted the provisions of Financial Accounting Standards Board Accounting Standards Codification (ASC) 740, Income Taxes, regarding accounting for uncertainty in income taxes which changed the threshold for determining when an income tax benefit can be recognized. The threshold now imposed for financial statement reporting generally is higher than the threshold imposed for claiming deductions on income tax returns. Management assessed the impact of ASC 740 on its financial statements and determined that there was no impact on the financial reporting for income taxes due to the implementation of this accounting change. 1 The Wilderness Society Central Rockies Office 1660 Wynkoop St Suite 850 Denver CO 80202 530167933 501(C)3 5000 education Natural Discovery Montessori Charter School Inc 13088 Shiloh Church Road Road Laurel DE 19956 270180363 501(C)3 5000 New School Development Grant CREW 1400 Eye Street NW Suite 450 Washington DC 20005 030445391 501(C)3 10000 Education The New Policy Institute 729 15th Street NW 2nd Floor Washington DC 20005 943213100 501(C)3 5000 education Education Voters Institute 11 DuPont Circle NW Suite 201 Washington DC 20036 204569015 501(C)3 100000 Operating Support Grant - Education Voters of Delaware Education Voters Institute 11 DuPont Circle NW Suite 201 Washington DC 20036 204569015 501(C)3 25000 Operating Support Grant - Education Voters of Delaware Media Matters 1625 Massachusetts Ave NW Suite 300 300 Washington DC 20036 470928008 501(C)3 5000 Education Aspen Institute One DuPont Circle NW Suite 700 Washington DC 20036 840399006 501(C)3 50000 Education Aspen Institute One DuPont Circle NW Suite 700 Washington DC 20036 840399006 501(C)3 50000 Education Learning Link of Delaware 100 W 10th Street Suite 106 Wilmington DE 19801 270392320 501(C)3 10800 Operating Support Grant Learning Link of Delaware 100 W 10th Street Suite 106 Wilmington DE 19801 270392320 501(C)3 70000 Operating Support Grant Learning Link of Delaware 100 W 10th Street Suite 106 Wilmington DE 19801 270392320 501(C)3 21877 Operating Support Grant Delaware Public Policy Institute 1201 North Orange Street PO Box 1052 Wilmington DE 19899 510329200 501(C)3 50000 Operating Support Grant American Constitution Society 1333 H Street NW 11th Floor Washington DC 20005 522313694 501(C)3 5000 Education Boys and Girls Clubs of Delaware Inc 669 South Union St wilmington DE 19801 510068712 501(C)3 25000 Bayard Middle School - Project Learn Culver Educational Foundation 1300 Academy Road 159 Culver IN 46511 350868071 501(C)3 25000 Education Delaware College Preparatory Academy 510 W 28th St Wilmington DE 19802 208358688 501(C)3 30000 Operating Support Grant - TFA Corps members Innovative Schools Corporation 100 W 10th Street Suite 403 Wilmington DE 19801 550793336 501(C)3 52064 quarterly interest reinvestment grant Innovative Schools Corporation 100 W 10th Street Suite 403 Wilmington DE 19801 550793336 501(C)3 17000 model schools tours grant Innovative Schools Corporation 100 W 10th Street Suite 403 Wilmington DE 19801 550793336 501(C)3 50000 Operating Support Grant Kuumba Academy Charter School 519 Market St Wilmington DE 19801 510399911 501(C)3 15000 Operating Support Grant - TFA Corps members National Popular Vote Institute 1212 S Victory Blvd Burbank CA 91502 262107978 501(C)3 5000 Education National Public Education Support Fund 3205 R Street NW Washington DC 20007 263015634 501(C)3 10000 Education Prestige Academy 1121 Thatcher Street Wilmington DE 19802 208285385 501(C)3 30000 Operating Support Grant - TFA Corps members ProgressNow Education 1536 Wyncoop St Suite 203 Denver CO 80202 208720291 501(C)3 10000 education Social Venture Partners Delaware 100 W 10th Street Ste 609 Wilmington DE 19801 593763612 501(C)3 10000 Operating Support Grant Sojourners 3333 14th Street NW Suite 200 Washington DC 20010 237380554 501(C)3 20000 Education Teach for America Inc 714 Market St Suite 420 Philadelphia PA 19106 133541913 501(C)3 100000 Operating Support Grant - DE Corps members recruitment and training The Partnership Inc PO Box 671 Wilmington DE 19899 510385339 501(C)3 7500 Sponsor - 2010 Superstars in Education program 29 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 0 202463 0 0 0 0 0 10125 0 15465 0 228053 0 0 PAUL HERDMAN 195376 0 0 0 6600 0 10000 0 16428 0 228404 0 0 0 DOROTHY JACOBSON 135955 0 0 0 0 0 6816 0 7468 0 150239 0 0 0 Form 990, Part V, Lines 2a and 2B RODEL CHARITABLE FOUNDATION HAD 15 EMPLOYEES DURING THE 2009 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 SVP of National and State Partnerships, and then 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. 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 1 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 Delaware Community Foundation Inc L 95412 delaware Community Foundation Inc B 91877