Delaware Aerospace Education Foundation in Bear, Delaware (DE)

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Delaware Aerospace Education Foundation
Employer Identification Number (EIN)510325362
Name of OrganizationDelaware Aerospace Education Foundation
Address5 Essex Dr, Bear, DE 19701-1602
ActivitiesOther school related activities
SubsectionCharitable Organization
Ruling Date09/1990
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
Exempt Organization StatusUnconditional Exemption
Tax Period12/2011
Assets$10,000,000 to $49,999,999
Income$100,000 to $499,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$10,320,121
Amount of Income$311,737
Form 990 Revenue Amount$311,737
National Taxonomy of Exempt Entities (NTEE)Educational Institutions and Related Activities: Educational Services and Schools - Other

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Financial snapshot ($)

Revenue for 2011

Functional expenses for 2011

Support schedule

Statements Regarding Other IRS Filings and Tax Compliance (for 2011)
Did the organization have unrelated business gross income of $1,000 or more during the year?No
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities $0
Gross income from members or shareholders$0
Gross income from other sources$0
Statement of Revenue (for 2011)
Total revenue$311,737
Contributions, Gifts, Grants and Other Similar Amounts$166,915
Program Service Revenue$143,159
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,018
Income from investment of tax-exempt bond proceeds$0
Net rental income$0
Net gain from sales of assets other than inventory$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous Revenue$645
Statement of Functional Expenses (for 2011)
Total functional expenses$339,646
Compensation of current officers, directors, trustees, and key employees$27,610
Other salaries and wages$59,676
Payroll taxes$6,677
Professional fundraising services$0
Balance Sheet (for 2011)
Total assets$10,320,121
Total liabilities$8,404
Tax-exempt bond liabilities$0
Secured mortgages and notes payable to unrelated third parties$0
Unsecured notes and loans payable to unrelated third parties$0
Total net assets or fund balances$10,311,717
Retained earnings, endowment, accumulated income, or other funds$0
Reason for Public Charity Status (for 2011)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2011)
2007 - 2011 Total
Total Support$2,291,964
Gifts, grants, contributions, and membership fees received$2,227,389
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$15,000
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$49,575
Gross receipts from related activities, etc.$682,986
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