2026-04-03T09:37:37-05:00 2025-06-30 202153727 SB & COMPANY LLC 10200 GRAND CENTRAL AVE SUITE 250 OWINGS MILLS MD 21117 990 2024-07-01 201372435 DELAWARE STATE UNIVERSITY FOUNDATION INC DELA 3028576055 1200 NORTH DUPONT HIGHWAY DOVER DE 19901 DR LASHAWNE PRYOR ACTING VICE PRESIDENT 3028576055 2026-03-31 1 0 STEPHEN MACKALL P03122714 4105842218 2024 2025-03-06 01:10:19Z DR LASHAWNE PRYOR 1200 NORTH DUPONT HIGHWAY DOVER DE 19901 17096677 0 X WWW.DESU.EDU X 2006 DE TO SECURE AND ADMINISTER PRIVATE FUNDS IN SUPPORT OF ACADEMIC PROGRAMS, STUDENT SCHOLARSHIPS, FACULTY DEVELOPMENT, PUBLIC SERVICE INITIATIVES, AND OTHER PRIORITIES OF DELAWARE STATE UNIVERSITY. 13 13 0 154 0 0 14041315 12697055 0 0 649463 1094728 385064 406374 15075842 14198157 9473214 9093236 0 0 0 0 0 0 0 11690079 4568599 21163293 13661835 -6087451 536322 37475656 39815791 456893 471009 37018763 39344782 X DELAWARE STATE UNIVERSITY FOUNDATION, INC PROMOTES AND FOSTERS THE EDUCATIONAL INTERESTS OF DELAWARE STATE UNIVERSITY, A PUBLICLY SUPPORTED INSTITUTION OF HIGHER EDUCATION AND A CORPORATION OF THE STATE OF DELAWARE. THE FOUNDATION SEEKS TO CREATE A SIZEABLE MONETARY FUND TO BE USED FOR ANY PROGRAM, PROJECT, OR ENTERPRISE UNDERTAKEN IN THE INTEREST OF THE UNIVERSITY. 0 0 13424398 9093236 TO CREATE A LARGE MONETARY FUND TO SUPPORT THE PROGRAMS, PROJECTS, STUDENTS, AND ENTERPRISE UNDERTAKEN IN THE INTEREST OF DELAWARE STATE UNIVERSITY. 13424398 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 169 0 1 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 0 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 DE X X THE ORGANIZATION 3028576055 1200 NORTH DUPONT HIGHWAY DOVER DE 19901 ANTIONE ALLEN UNIVERSITY PRESIDENT 10.00 X 561071 0 0 VITA PICKRUM FOUNDATION PRESIDENT (NON-VOTING) 8.00 X X 198611 0 0 HENRIETTA SAVAGE CONTROLLER (NON-VOTING) 10.00 X X 81742 0 0 ENID WALLACE-HALEY CHAIR 6.00 X X 0 0 0 NICOLE DYE-ANDERSON VICE CHAIR 2.00 X X 0 0 0 VINCENT ROJAS SECRETARY/TREASURER/DIRECTOR 6.00 X X 0 0 0 WILLIAM CHARLTON DIRECTOR 3.00 X 0 0 0 STEVE EWING DIRECTOR 3.00 X 0 0 0 DARYL GRAHAM DIRECTOR 3.00 X 0 0 0 JOSEPH PURZYCKI DIRECTOR 2.00 X 0 0 0 KATHLEEN SHELTON DIRECTOR 3.00 X 0 0 0 JOCEYLN STEWART DIRECTOR 3.00 X 0 0 0 CHIP ROSSI DIRECTOR 3.00 X 0 0 0 CATHLEEN TRIGG-JONES DIRECTOR 3.00 X 0 0 0 DAVID SHEPPARD DIRECTOR 3.00 X 0 0 0 841424 0 0 2 0 1 0 VOLUME SERVICE INC 815 JUSTISON STREET WILMINGTON DE 19801 CATERING 653928 GAYLORD NATIONAL RESORT & CONVENTION CEN 201 WATERFRONT STREET NATIONAL HARBOR MD 20745 LODGING, ROOM RENTAL/HOTEL 343405 SODEXO MAGIC LLC 9801 WASHINGTONIAN BLVD GAITHERSBURG MD 20878 CATERING/HOSPITALITY 160900 DELAWARE RIVER & BAY AUTHORITY PO BOX 71 NEW CASTLE DE 19720 TRANSPORTATION 109352 R ENTERTAINMENT & PRODUCTIONS LLC 216 REMI DRIVE NEW CASTLE DE 19720 ENTERTAINMENT 102500 5 12697055 466500 12697055 852084 852084 24190 0 24190 24190 24190 2434830 2192186 242644 242644 242644 1082118 706334 375784 375784 REGISTRATION FEES 900099 6400 6400 6400 14198157 0 0 1501102 X 9093236 9093236 745 720 25 52064 52064 2027686 2004814 22872 261264 166410 94854 21082 21082 591020 548782 42238 33358 33358 1306326 1306326 PRINTING AND PUBLICATIO 224157 202990 21167 50897 46680 4217 13661835 13424398 237437 0 10566035 11122594 486899 363680 185193 7538113 3276414 5101525 4261699 21321197 23882625 37475656 39815791 1501 7472 408731 421077 46661 42460 456893 471009 X 20492309 21747266 16526454 17597516 37018763 39344782 37475656 39815791 536322 1789696 0 X X 0 1 X 1 0 X X X 1 DELAWARE STATE UNIVERSITY 510305893 2 1 10313298 0 1 10313298 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 17127206 487308 633014 417782 17829746 16673489 169835 728541 444659 17127206 15678339 628308 780159 413317 16673489 16739600 418526 -1235161 244626 15678339 8581321 7708757 845162 395640 16739600 0.42000 0.44000 0.14000 0 0 915873 352863 563010 6622240 2923551 3698689 4261699 MONEY MARKET FUNDS 48862 F FIXED INCOME FUNDS 6503464 F US EQUITY 12794306 F NON-US EQUITY FUNDS 3401901 F LEADING EDGE VENTURES I 51518 C MUTUAL FUND 1082574 F 23882625 SECURITY DEPOSIT 685 GIFT ANNUITY PAYABLE 41775 42460 X 17167351 1789696 525228 2314924 14852427 -654269 -654269 14198158 14841332 525228 706333 1231561 13609771 52064 52064 13661835 PART V, LINE 4: SCHOLARSHIPS AND UNIVERSITY SUPPORT. PART X, LINE 2: THE FOUNDATION IS A NOT-FOR-PROFIT ORGANIZATION THAT EXEMPT FROM TAXATION OTHER THAN NET UNRELATED BUSINESS INCOME TAX UNDER THE PROVISIONS OF SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, NO INCOME TAX EXPENSE HAS BEEN PROVIDED IN THE ACCOMPANYING FINANCIAL STATEMENTS. THE FOUNDATION HAS ADOPTED THE AUTHORITATIVE GUIDANCE RELATING TO ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. THESE PROVISIONS PROVIDE CONSISTENT GUIDANCE FOR THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN AN ENTITY'S FINANCIAL STATEMENTS AND PRESCRIBE A THRESHOLD OF "MORE LIKELY THAN NOT" FOR RECOGNITION OF TAX POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE FOUNDATION PERFORMED AN EVALUATION OF UNCERTAIN TAX POSITIONS AS OF JUNE 30, 2025, AND DETERMINED THAT THERE WERE NO MATTERS THAT WOULD REQUIRE RECOGNITION IN THE ACCOMPANYING FINANCIAL STATEMENTS OR WHICH MAY HAVE ANY EFFECT ON ITS TAX-EXEMPT STATUS. AS OF JUNE 30, 2025, THE STATUTE OF LIMITATIONS FOR FISCAL YEARS 2022 THROUGH 2025 REMAINS OPEN WITH THE U.S. FEDERAL JURISDICTION OR THE VARIOUS STATES AND LOCAL JURISDICTIONS IN WHICH THE FOUNDATION FILES TAX RETURNS. IT IS THE FOUNDATION'S POLICY TO RECOGNIZE INTEREST AND/OR PENALTIES RELATED TO UNCERTAIN TAX POSITIONS, IF ANY, IN INCOME TAX EXPENSE. PART XI, LINE 4B - OTHER ADJUSTMENTS: FUNDRAISING EVENT -706,333. INVESTMENT FEE 52,064. PART XII, LINE 2D - OTHER ADJUSTMENTS: FUNDRAISING EVENT 706,333. PRESIDENT'S SCHOLARSHIP BALL 436109 436109 354740 123400 HBCU SYMPOSIUM (HYBRID) 433900 433900 170194 58000 2 212109 212109 1082118 1082118 524934 123400 58000 706334 375784 1 DELAWARE STATE UNIVERSITY 510305893 501(C)(3) 9093236 0 STUDENT SCHOLARSHIPS, FACULTY DEVELOPMENT, PUBLIC SERVICE INITIATIVES,AND OTHER PRIORITIES OF DELAWARE STATE UNIVERSITY. 0 0 0 0 0 0 0 0 0 ANTIONE ALLEN UNIVERSITY PRESIDENT 561071 0 0 0 0 0 0 0 0 0 561071 0 0 0 VITA PICKRUM FOUNDATION PRESIDENT (NON-VOTING) 198611 0 0 0 0 0 0 0 0 0 198611 0 0 0 X SALARY/ BENEFIT SUPPORT 6 503829 SALARY CALCULATION X HORSES 4 466500 APPRAISED VALUE X OFFICE SPACE 2 21400 SQUARE FOOTAGE 0 1 0 FORM 990, PART VI, SECTION A, LINE 8B THE DELAWARE STATE UNIVERSITY FOUNDATION DOES NOT HAVE A COMMITTEE WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. FORM 990, PART VI, SECTION B, LINE 11B EACH BOARD MEMBER RECEIVES A COPY OF THE 990 TO REVIEW AND TO MAKE ANY COMMENTS OR CHANGES. ONCE CHANGES AND A FINAL APPROVAL IS RECEIVED FROM EACH BOARD MEMBERS, THE 990 FORM IS SIGNED BY THE CONTROLLER OR PRESIDENT FOR FILING WITH THE APPROPRIATE AGENCY. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS ARE REQUIRED TO COMPLETE A CONFLICT OF INTEREST FORM ANNUALLY AND MUST DISCLOSE ANY CONFLICTS TO THE CHAIR OR PRESIDENT OF THE FOUNDATION. FORM 990, PART VI, SECTION C, LINE 19 THE DELAWARE STATE UNIVERSITY FOUNDATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G HONORARIUM: PROGRAM SERVICE EXPENSES 5,750. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,750. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 3,300. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 3,300. CATERING: PROGRAM SERVICE EXPENSES 256,664. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 256,664. TEMPORARY HELP - CONTRACT: PROGRAM SERVICE EXPENSES 16,007. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,007. HONORARIUM: PROGRAM SERVICE EXPENSES 738,882. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 738,882. PROFESSIONAL SERVICES: PROGRAM SERVICE EXPENSES 492,475. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 492,475. UNIFORMS: PROGRAM SERVICE EXPENSES 42,123. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 42,123. HONORARIUM: PROGRAM SERVICE EXPENSES 12,013. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 12,013. HONORARIUM: PROGRAM SERVICE EXPENSES 18,133. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 18,133. MEMBERSHIP DUES - ORGANIZATION: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 20,350. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,350. PROFESSIONAL FEES - OTHER: PROGRAM SERVICE EXPENSES 419,467. MANAGEMENT AND GENERAL EXPENSES 2,522. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 421,989. FORM 990, PART XII, LINE 2C: THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. DELAWARE STATE UNIVERSITY 1200 N DUPONT HIGHWAY DOVER DE 19901 510305893 EDUCATION DE 501(C)(3) 170(B)(1)(A)(II) N/A 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0