Delaware Community Foundation INC FY2021 filing

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Our mission is to strengthen Delaware by maximizing Community-based philanthropy.

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$290K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 6
filings with a surplus
Average surplus $16.1M a year · 31% of revenue · last 6 filings
Fine: a surplus in 5 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$290K
to officers and key staff · 0.9% of spending
Looks good: pay to officers and key staff is 1% of spending; 15% or less.
Pt VII · Sec A
16 mo
of spending, in cash
Looks good: 16.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $86K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$43.3M
12% of total assets
Looks good: liabilities are 12% of assets; 50% or less.
Pt X · Ln 26
Independent board members
19
of 52 voting members
Worth a look: 19 of 52 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$92.9M
+194% vs prior year
Spent
$31.9M
To programs
88%
Net assets
$332.2M
By yearFY2020–FY2025
Revenue
$92.9M
FY2021▲ +194%
Tap a bar for its year
Revenue by fiscal year
FY2020$31.6M
FY2021$92.9M
FY2022$55.8M
FY2023$37.5M
FY2024$32.2M
FY2025$58.2M
Expenses
$31.9M
FY2021▲ +13%
Tap a bar for its year
Expenses by fiscal year
FY2020$28.3M
FY2021$31.9M
FY2022$32.7M
FY2023$36.1M
FY2024$53.8M
FY2025$28.7M
Net assets
$332.2M
FY2021▲ +48%
Tap a bar for its year
Net assets by fiscal year
FY2020$224.9M
FY2021$332.2M
FY2022$290.4M
FY2023$302.5M
FY2024$300.3M
FY2025$342.7M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1987.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $28.2M Management & general 9% · $2.8M Fundraising 3% · $908K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

23 people listed on the 990; $290K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$290,293Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice Chairperson
$0Pt VII · Sec A
Immediate Past Chairperson
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
$0Pt VII · Sec A

John Stuart Comstock-Gay’s $322K as President & CEO is at the 72nd percentile of top reported officer pay among 661 $10–100M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 5 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
John Stuart Comstock-Gay$322,078$311,791$289,823$292,018$290,293$287,065
Sarah Hench$158,750$158,750————
Joyce Darling$150,500$142,144————
Evo Dipaolo$121,042—————
Roberta Tarpley Raffish$116,786—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Delaware Community Foundation INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages charitable funds and awards grants and scholarships to local nonprofits and students to improve lives and expand opportunity throughout Delaware.

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Provided by the organization

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1 program · $28.2M · in their own filed words · FY2020
01

In the fiscal year ended june 30, 2021, the delaware community foundation invested in building opportunity throughout the state by awarding over $30 million in grants and program expenses to nonprofit organizations and local STUDENTS.THE majority of that amount was granted from donor advised funds.

$28.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Clearpath INCFY2025$85K
Total grants receivedfrom 2 funders$86K
Grants paid · 2,175 grants · $162.0M · 2019–2024
Find-M' Friends INCFL · FY2024$1,374,000
State of DelawareFY2024$1,169,364
Natural Lands Trust IncorporatedPA · FY2024$1,050,000
Unitemized GrantFY2024$848,500
Tidalhealth Foundation INCMD · FY2024$525,000
University of DelawareDE · FY2024$371,832
The Nemours FoundationFL · FY2024$310,564
Aids Delaware INCDE · FY2024$302,482
Neighborgood Partners INCDE · FY2024$302,396
Boy Scouts of AmericaDE · FY2024$261,136
Grand Opera House INCDE · FY2024$253,101
Rhodes CollegeTN · FY2024$250,000
Frankford Volunteer Fire DeptDE · FY2024$250,000
Cendel FoundationDE · FY2024$245,010
See all 2,175 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$92.9M
Ln 12
Gifts and grantsLn 1h$81.4M
Investment incomeLn 3$10.6M
Fees for servicesLn 2g$827K
Money outPt IX
$31.9M
Ln 25
Programscol B$28.2M
Managementcol C$2.8M
Fundraisingcol D$908K
Owns and owesPt X
$332.2M
net assets · Ln 32
Cash and savingsLn 1–2$43.1M
Total assetsLn 16$375.4M
LiabilitiesLn 26$43.3M
PeoplePt VI, VII
23
listed · VII A
PaidVII A1
Voting boardVI 1a52
IndependentVI 1b19
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$81.4M
Government grantsLn 1e$6.3M
Noncash giftsLn 1g$28.4M
Fees for servicesLn 2g$827K
Investment incomeLn 3$10.6M
Other incomeLn 4–11$135K
Gains on assetsLn 7$6.4M
Total revenueLn 12$92.9M
Assets in detailPt X, end of year
SavingsLn 2$43.1M
Cash and savings togetherLn 1–2$43.1M
InvestmentsLn 11–13$329.5M
Land, buildings, equipmentLn 10c$127K
Other assetsLn 15$56K
Total assetsLn 16$375.4M
LiabilitiesLn 26$43.3M
Net assetsLn 32$332.2M
OperationsPt I, VI
EmployeesI 545
VolunteersI 685
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$31.0M$43.1M
InvestmentsLn 11–13$226.4M$329.5M
Land, buildings, equipmentLn 10c$134K$127K
Total assetsLn 16$260.4M$375.4M
LiabilitiesLn 26$35.6M$43.3M
Net assetsLn 32$224.9M$332.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$24.7M$24.7M
Grants to domestic individualsLn 2$449K$449K
Pay of current officers, directors and key staffLn 5$299K$70K$121K$108K
Other salaries and wagesLn 7$1.3M$299K$518K$460K
Pension plan contributionsLn 8$93K$17K$39K$37K
Other employee benefitsLn 9$334K$78K$168K$87K
Payroll taxesLn 10$106K$27K$41K$39K
Investment management feesLn 11f$1.2M$1.2M
Other fees for servicesLn 11g$1.1M$778K$273K$29K
Advertising and promotionLn 12$59K$4K$36K$20K
Office expensesLn 13$89K$71K$17K
Information technologyLn 14$270K$14K$246K$9K
OccupancyLn 16$81K$30K$52K
TravelLn 17$23K$7K$5K$11K
Depreciation, depletion and amortizationLn 22$34K$34K
InsuranceLn 23$26K$943$25K
Other expenses (24a–d)Ln 24$1.9M$1.8M$8K$91K
Total functional expensesLn 25$31.9M$28.2M$2.8M$908K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $58.2M$28.7M$29.6M$342.7M 990 PDF
FY2024 $32.2M$53.8M−$21.7M$300.3M 990 PDF
FY2023 $37.5M$36.1M$1.4M$302.5M 990 PDF
FY2022 $55.8M$32.7M$23.0M$290.4M 990 PDF
FY2021 Viewing $92.9M$31.9M$61.0M$332.2M 990 PDF
FY2020 $31.6M$28.3M$3.3M$224.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $92,895,086 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $23,527,838$81,351,225
I-9 Program service revenuePrior year $0$827,461
I-10 Investment incomePrior year $7,248,017$10,581,486
I-11 Other revenuePrior year $832,204$134,914
I-12 Total revenuePrior year $31,608,059$92,895,086
I-13 Grants and similar amounts paidPrior year $23,013,778$25,107,367
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,949,456$2,109,260
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $3,303,914$4,713,869
I-18 Total expensesPrior year $28,267,148$31,930,496
I-19 Revenue less expensesPrior year $3,340,911$60,964,590
Part VI · Governance 19 of 52 board members independent, no flags
VI-1a Voting members of the governing body52
VI-1b Independent voting members19
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $92,895,086 across 10 lines filed
VIII-1e Government grants$6,346,383
VIII-1f All other contributions, gifts and grants$75,004,842
VIII-1g Noncash contributions (included above)$28,401,181
VIII-1h Total contributions, gifts and grants$81,351,225
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $827,461$827,461
VIII-3 Investment incomeExcluded from tax $4,208,040$4,208,040
VIII-6 Net rental income or lossRelated to mission $11,050$11,050
VIII-7 Net gain or loss on sales of assetsExcluded from tax $6,373,446$6,373,446
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $123,864$123,864
VIII-12 Total revenueRelated to mission $962,375 · Unrelated business $0 · Excluded from tax $10,581,486$92,895,086
Part IX · Statement of functional expenses $31,930,496 across 17 lines filed
IX-1 Grants to domestic organizationsPrograms $24,658,145$24,658,145
IX-2 Grants to domestic individualsPrograms $449,222$449,222
IX-5 Pay of current officers, directors and key staffPrograms $70,179 · Management $121,347 · Fundraising $107,862$299,388
IX-7 Other salaries and wagesPrograms $299,395 · Management $517,682 · Fundraising $460,157$1,277,234
IX-8 Pension plan contributionsPrograms $17,440 · Management $38,835 · Fundraising $36,925$93,200
IX-9 Other employee benefitsPrograms $78,459 · Management $168,127 · Fundraising $87,000$333,586
IX-10 Payroll taxesPrograms $26,703 · Management $40,644 · Fundraising $38,505$105,852
IX-11f Investment management feesManagement $1,197,640$1,197,640
IX-11g Other fees for servicesPrograms $778,047 · Management $273,125 · Fundraising $29,178$1,080,350
IX-12 Advertising and promotionPrograms $3,500 · Management $36,136 · Fundraising $19,663$59,299
IX-13 Office expensesManagement $71,245 · Fundraising $17,338$88,583
IX-14 Information technologyPrograms $14,052 · Management $246,096 · Fundraising $9,390$269,538
IX-16 OccupancyPrograms $29,878 · Management $51,570$81,448
IX-17 TravelPrograms $6,621 · Management $5,439 · Fundraising $10,892$22,952
IX-22 Depreciation, depletion and amortizationManagement $33,910$33,910
IX-23 InsurancePrograms $943 · Management $25,441$26,384
IX-24 Other expenses (24a–d)Programs $1,755,388 · Management $7,679 · Fundraising $90,698$1,853,765
IX-25 Total functional expensesPrograms $28,187,972 · Management $2,834,916 · Fundraising $907,608$31,930,496
Part X · Balance sheet $375,445,649 assets, 15 lines filed
Asset lines not itemized here account for $2,421,328; see the IRS return.
X-2 Savings and temporary cash investmentsStart of year $30,951,943$43,093,058
X-3 Pledges and grants receivableStart of year $448,855$212,998
X-4 Accounts receivable$5,135
X-10c Land, buildings and equipment, netStart of year $133,648$126,764
X-11 Publicly traded securitiesStart of year $191,493,490$289,611,564
X-12 Other securitiesStart of year $34,887,216$39,918,320
X-15 Other assetsStart of year $403,025$56,482
X-16 Total assetsStart of year $260,412,728$375,445,649
X-17 Accounts payable and accrued expensesStart of year $193,531$242,891
X-25 Other liabilitiesStart of year $35,364,928$43,026,316
X-26 Total liabilitiesStart of year $35,558,459$43,269,207
X-27 Net assets without donor restrictionsStart of year $224,416,130$331,998,455
X-28 Net assets with donor restrictionsStart of year $438,139$177,987
X-32 Total net assets or fund balancesStart of year $224,854,269$332,176,442
X-33 Total liabilities and net assetsStart of year $260,412,728$375,445,649
Part XI · Reconciliation of net assets $332,176,442 net assets at year end
XI-1 Total revenue$92,895,086
XI-2 Total expenses$31,930,496
XI-3 Revenue less expenses$60,964,590
XI-4 Net assets at start of year$224,854,269
XI-5 Net unrealized gains (losses) on investments$46,357,583
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$332,176,442

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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