Cendel Foundation FY2024 filing

Tax-deductible

Dover, DE501(c)(3)Since 2008Community DevelopmentEIN 26-3590221Revenue $581K in FY2024

On file with the IRScendelfoundation.org101 W Loockerman Street, 19904-7328 · Dover, DETax-exempt since Jan 2009Publicly supported charity — 170(b)(1)(A)(vi)

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The Cendel Foundation is a charitable organization whose purpose is to foster philanthropy in central delaware and provide for the betterment of its citizens. The Foundation is committed to helping generous people transform the community through charitable giving.

501(c)(3) charity; gifts are tax-deductible.
96¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · 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
4 of 6
filings with a surplus
Average surplus $49K a year · 10% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
96%
of spending
Looks good: 96% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $295K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$108K
3% of total assets
Looks good: liabilities are 3% of assets; 50% or less.
Pt X · Ln 26
Independent board members
15
of 15 voting members
Looks good: 15 of 15 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$581K
+101% vs prior year
Spent
$272K
To programs
96%
Net assets
$3.8M
By yearFY2020–FY2025
Revenue
$581K
FY2024▲ +101%
Tap a bar for its year
Revenue by fiscal year
FY2020$742K
FY2021$341K
FY2022$417K
FY2023$289K
FY2024$581K
FY2025$493K
Expenses
$272K
FY2024▼ -25%
Tap a bar for its year
Expenses by fiscal year
FY2020$782K
FY2021$294K
FY2022$367K
FY2023$361K
FY2024$272K
FY2025$490K
Net assets
$3.8M
FY2024▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$3.0M
FY2021$3.4M
FY2022$3.1M
FY2023$3.2M
FY2024$3.8M
FY2025$4.1M

From the FY2024 Form 990 (year ending June 2024) · see the original

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You’re viewing the FY2024 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 Jan 2009.

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

Where the money goes

96 cents of each dollar spent went to programs.

Program services 96% · $263K Management & general 4% · $10K

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

15 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
$0Pt VII · Sec A
Vice Preside
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Past Preside
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Cendel Foundation 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 15aNo

Programs and updates

Fosters philanthropy and community betterment through charitable giving in Central Delaware.

Questions for Cendel Foundation

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Provided by the organization

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1 program · $263K · in their own filed words · FY2023
01

Endowment funds invested in the delaware community foundation. The organization receives 5% of the principal each year to make contributions to qualified 501(c)(3) organizations that meet the grant criteria established annually. A seperate committee reviews the applications and makes the recomendations to award the grants.

$263Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$295K

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$581K
Ln 12
Gifts and grantsLn 1h$425K
Fees for servicesLn 2g$79K
Investment incomeLn 3$55K
Money outPt IX
$272K
Ln 25
Programscol B$263K
Managementcol C$10K
Owns and owesPt X
$3.8M
net assets · Ln 32
Cash and savingsLn 1–2$100K
Total assetsLn 16$3.9M
LiabilitiesLn 26$108K
PeoplePt VI, VII
15
listed · VII A
PaidVII A0
Voting boardVI 1a15
IndependentVI 1b15
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$425K
Fees for servicesLn 2g$79K
Investment incomeLn 3$55K
Other incomeLn 4–11$21K
Total revenueLn 12$581K
Assets in detailPt X, end of year
CashLn 1$100K
Cash and savings togetherLn 1–2$100K
InvestmentsLn 11–13$2.9M
Land, buildings, equipmentLn 10c$849K
Other assetsLn 15$480
Total assetsLn 16$3.9M
LiabilitiesLn 26$108K
Net assetsLn 32$3.8M
OperationsPt I, VI
EmployeesI 51
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$86K$100K
InvestmentsLn 11–13$2.3M$2.9M
Land, buildings, equipmentLn 10c$881K$849K
Total assetsLn 16$3.3M$3.9M
LiabilitiesLn 26$115K$108K
Net assetsLn 32$3.2M$3.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$47K$47K
Other employee benefitsLn 9$333$333
Payroll taxesLn 10$4K$4K
Investment management feesLn 11f$8K$8K
Advertising and promotionLn 12$190$190
Office expensesLn 13$8K$8K
OccupancyLn 16$15K$15K
InterestLn 20$7K$7K
Depreciation, depletion and amortizationLn 22$33K$33K
InsuranceLn 23$2K$2K
Other expenses (24a–d)Ln 24$147K$145K$2K
All other expensesLn 24e$2K$2K
Total functional expensesLn 25$272K$263K$10K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $493K$490K$4K$4.1M 990 PDF
FY2024 Viewing $581K$272K$308K$3.8M 990 PDF
FY2023 $289K$361K−$72K$3.2M 990 PDF
FY2022 $417K$367K$49K$3.1M 990 PDF
FY2021 $341K$294K$48K$3.4M 990 PDF
FY2020 $742K$782K−$40K$3.0M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $580,889 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $129,147$425,271
I-9 Program service revenuePrior year $83,501$78,933
I-10 Investment incomePrior year $48,340$55,421
I-11 Other revenuePrior year $28,342$21,264
I-12 Total revenuePrior year $289,330$580,889
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $49,687$50,622
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $311,199$221,781
I-18 Total expensesPrior year $360,886$272,403
I-19 Revenue less expensesPrior year −$71,556$308,486
Part VI · Governance 15 of 15 board members independent, 3 to look at
VI-1a Voting members of the governing body15
VI-1b Independent voting members15
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $580,889 across 6 lines filed
VIII-1f All other contributions, gifts and grants$425,271
VIII-1h Total contributions, gifts and grants$425,271
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Excluded from tax $78,933$78,933
VIII-3 Investment incomeExcluded from tax $55,421$55,421
VIII-8 Net income from fundraising events$21,264
VIII-12 Total revenueExcluded from tax $134,354$580,889
Part IX · Statement of functional expenses $272,403 across 12 lines filed
IX-7 Other salaries and wagesPrograms $46,715$46,715
IX-9 Other employee benefitsPrograms $333$333
IX-10 Payroll taxesPrograms $3,574$3,574
IX-11f Investment management feesManagement $7,724$7,724
IX-12 Advertising and promotionPrograms $190$190
IX-13 Office expensesPrograms $8,249$8,249
IX-16 OccupancyPrograms $15,073$15,073
IX-20 InterestPrograms $6,964$6,964
IX-22 Depreciation, depletion and amortizationPrograms $32,573$32,573
IX-23 InsurancePrograms $1,610$1,610
IX-24 Other expenses (24a–d)Programs $145,113 · Management $1,870$146,983
IX-24e All other expensesPrograms $2,415$2,415
IX-25 Total functional expensesPrograms $262,809 · Management $9,594 · Fundraising $0$272,403
Part X · Balance sheet $3,866,585 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $86,301$99,565
X-4 Accounts receivableStart of year $21,521$45,329
X-10c Land, buildings and equipment, netStart of year $881,294$848,718
X-11 Publicly traded securitiesStart of year $2,309,624$2,872,493
X-15 Other assetsStart of year $480$480
X-16 Total assetsStart of year $3,299,220$3,866,585
X-25 Other liabilitiesStart of year $113,671$108,110
X-26 Total liabilitiesStart of year $115,249$108,110
X-27 Net assets without donor restrictionsStart of year $1,107,475$1,143,485
X-28 Net assets with donor restrictionsStart of year $2,076,496$2,614,990
X-32 Total net assets or fund balancesStart of year $3,183,971$3,758,475
X-33 Total liabilities and net assetsStart of year $3,299,220$3,866,585
Part XI · Reconciliation of net assets $3,758,475 net assets at year end
XI-1 Total revenue$580,889
XI-2 Total expenses$272,403
XI-3 Revenue less expenses$308,486
XI-4 Net assets at start of year$3,183,971
XI-9 Other changes in net assets$266,018
XI-10 Net assets at end of year$3,758,475

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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