DELAWARE STATE UNIVERSITY

EIN: 510305893 501(c)(3) Education

DOVER, DE

Total Revenue
$250,363,927
Total Expenses
$249,770,271
Total Assets
$512,212,979
Net Assets
$-41,205,746
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1891
Legal Domicile
DE
Principal Officer
ANAS BEN ADDI
Phone
3028576200
Tax Period
2022-07-01 to 2023-06-30

DELAWARE STATE UNIVERSITY, founded in 1891, is a major nonprofit in the Education sector that reported $250.4M in total revenue in fiscal year 2022.

Mission

DELAWARE STATE UNIVERSITY IS A PUBLIC, COMPREHENSIVE, 1890 LAND-GRANT INSTITUTION THAT OFFERS ACCESS AND OPPORTUNITY TO DIVERSE POPULATIONS FROM DELAWARE, THE NATION, AND THE WORLD. (CONTINUED ON SCHEDULE O.)BUILDING ON ITS HERITAGE AS A HISTORICALLY BLACK COLLEGE, THE UNIVERSITY PURPOSEFULLY INTEGRATES THE HIGHEST STANDARDS OF EXCELLENCE IN TEACHING, RESEARCH, AND SERVICE IN ITS BACCALAUREATE, MASTER'S AND DOCTORAL PROGRAMS. ITS COMMITMENT TO ADVANCE SCIENCE, TECHNOLOGY, LIBERAL ARTS, AND THE PROFESSIONS PRODUCES CAPABLE AND PRODUCTIVE LEADERS WHO CONTRIBUTE TO THE SUSTAINABILITY AND ECONOMIC DEVELOPMENT OF THE GLOBAL COMMUNITY VISION STATEMENT. AS ONE OF AMERICA'S MOST HIGHLY RESPECTED HISTORICALLY BLACK COLLEGES AND UNIVERSITIES, DELAWARE STATE UNIVERSITY WILL BE RENOWNED FOR A STANDARD OF ACADEMIC EXCELLENCE THAT PREPARES OUR GRADUATES TO BECOME THE FIRST CHOICE OF EMPLOYERS IN A GLOBAL MARKET AND INVIGORATES THE ECONOMY AND THE CULTURE OF DELAWARE AND THE MID-ATLANTIC REGION.

Program Service Accomplishments

Program 1
Expenses: $62,457,689 Revenue: $29,290,823

AUXILIARY ENTERPRISES: THE SCHOOL UNDERTAKES A NUMBER OF ACTIVITIES TO BENEFIT THE STUDENT BODY, INCLUDING OPERATING HOUSING (DORMITORY) COMPLEXES, A CAFETERIA, CAMPUS BOOK STORE, VENDING MACHINES...

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AUXILIARY ENTERPRISES: THE SCHOOL UNDERTAKES A NUMBER OF ACTIVITIES TO BENEFIT THE STUDENT BODY, INCLUDING OPERATING HOUSING (DORMITORY) COMPLEXES, A CAFETERIA, CAMPUS BOOK STORE, VENDING MACHINES, AND OTHER INCIDENTALS NECESSARY TO CAMPUS LIFE. THESE ACTIVITIES MIGHT ALSO INCLUDE STUDENT SERVICES, INSTITUTIONAL SUPPORT, ACADEMIC SUPPORT, PUBLIC SERVICE, AND OTHER SERVICES.

Program 2
Expenses: $45,429,628 Revenue: $72,140,310

DELAWARE STATE UNIVERSITY IS A PREEMINENT INSTITUTION OF HIGHER LEARNING THAT PROVIDES A LIBERAL ARTS EDUCATION. SOME STATISTICS ABOUT THE UNIVERSITY, AT A GLANCE: 47 UNDERGRADUATE DEGREE PROGRAMS...

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DELAWARE STATE UNIVERSITY IS A PREEMINENT INSTITUTION OF HIGHER LEARNING THAT PROVIDES A LIBERAL ARTS EDUCATION. SOME STATISTICS ABOUT THE UNIVERSITY, AT A GLANCE: 47 UNDERGRADUATE DEGREE PROGRAMS, 21 MASTER'S DEGREE PROGRAMS, AND 6 DOCTORAL DEGREE PROGRAMS, ACCREDITED BY THE COMMISSION ON HIGHER EDUCATION OF THE MIDDLE STATES, ASSOCIATION OF COLLEGES AND SCHOOLS, AS WELL AS BY SEVEN SPECIALIZED ACADEMIC ACCREDITING AGENCIES. WILLIAM C. JASON LIBRARY INCLUDES A COLLECTION OF 323,297 PRINTED VOLUMES, 102 ELECTRONIC DATABASES, 38,901 ELECTRONIC JOURNALS, 360,936 ELECTRONIC BOOKS, ACCESS TO 9,167 STREAMING MEDIA CONTENT, AND A TOTAL HOLDING OF 723,134 PUBLICATIONS. (CONTINUED ON SCHEDULE O.)FACULTY PROFILE - 234 FACULTY MEMBERS WITHIN 17 ACADEMICS DEPARTMENTS. 198 FACULTY MEMBERS POSSESS A PH.D. OR A TERMINAL DEGREE (TERMINAL MASTER'S OF FLIGHT CAPTAIN). STUDENT-TO-FACULTY RATIO IS 18:1. TOTAL ENROLLMENT 6,451, 75% FULL-TIME, 25% PART-TIME; 46% LIVE ON CAMPUS, 54% COMMUTE; 52% IN THE FOLLOWING PROGRAMS: MANAGEMENT, ACCOUNTING, NURSING, BIOLOGICAL SCIENCES, KINESIOLOGY, LIBERAL STUDIES, PSYCHOLOGY/SOCIAL SCIENCES, AND RELATED PROGRAMS.AS NOTED ON THE FORM 990 FOR THE TAX YEAR ENDED JUNE 30, 2022: THE UNIVERSITY EXECUTED AN AGREEMENT WITH WESLEY COLLEGE ON JULY 9, 2020, UNDER WHICH THE UNIVERSITY ACQUIRED A MAJORITY OF WESLEY COLLEGE'S ASSETS AND LIABILITIES. WESLEY COLLEGE IS A SEPARATE NONPROFIT ORGANIZATION NOT AFFILIATED WITH THE UNIVERSITY. ON JULY 1, 2021, THE UNIVERSITY AND WESLEY COLLEGE ENTERED INTO VARIOUS AGREEMENTS AMENDING THE PRIOR AGREEMENT DATED JULY 9, 2020. AS OF JULY 1, 2021, WESLEY COLLEGE ASSIGNED, GRANTED, CONVEYED AND TRANSFERRED THE MAJORITY OF THEIR ASSETS AND LIABILITIES TO THE UNIVERSITY AND THE COMBINATION BECAME EFFECTIVE ON THAT DATE. THE INITIAL OPENING BALANCES OF WESLEY COLLEGE'S ASSETS AND LIABILITIES WERE DETERMINED BASED ON THE CARRYING VALUES REPORTED BY WESLEY COLLEGE AS OF JUNE 30, 2022. THE TAX YEAR ENDED JUNE 30, 2023 WAS THE FIRST FULL YEAR AFTER THE COMBINATION.

Program 3
Expenses: $20,116,712 Revenue: $7,436,191

THE MISSION OF THE OFFICE OF THE ASSOCIATE PROVOST FOR RESEARCH (OAPR) IS "TO PROVIDE THOSE INDIVIDUALS WHO ARE ADMITTED QUALITY RESEARCH OPPORTUNITIES AND EXPERIENCES THAT ARE CONSISTENT WITH THE...

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THE MISSION OF THE OFFICE OF THE ASSOCIATE PROVOST FOR RESEARCH (OAPR) IS "TO PROVIDE THOSE INDIVIDUALS WHO ARE ADMITTED QUALITY RESEARCH OPPORTUNITIES AND EXPERIENCES THAT ARE CONSISTENT WITH THE OVERALL UNIVERSITY COMMITMENT." THE RESEARCH DIVISION IS ALSO RESPONSIBLE FOR MAINTAINING AN INFRASTRUCTURE WITHIN A SUPPORTIVE ENVIRONMENT THAT ENCOURAGES BOTH FACULTY AND STUDENTS TO PRODUCE RESEARCH WITH RESULTS THAT ARE MAKING OUR WORLD BETTER EVERY DAY. PRESTIGIOUS RESEARCH PROJECTS UNDERWAY BY DWU FACULTY MEMBERS SERVE TO ENHANCE DSU'S LAND-GRANT MISSION AND ITS CONTRIBUTIONS TO THE NATION'S RESEARCH EFFORTS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $137,886,635
Program Service Revenue $108,969,988
Investment Income $1,585,941
Other Revenue $1,921,363
TOTAL REVENUE $250,363,927

Expense Breakdown

Grants Paid $41,702,906
Salaries & Benefits $95,385,374
Fundraising Expenses $690,159
Program Expenses $128,004,029
Other Expenses $112,681,991
TOTAL EXPENSES $249,770,271

Year-over-Year Comparison

2022 2021 Change
Revenue $250,363,927 $245,074,854 +0.0%
Expenses $249,770,271 $215,791,173 +0.2%
Net Income $593,656 $29,283,681 -1.0%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
16
Independent Members
15
Employees
1806
Volunteers
17

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
13
$3,507,238
Total Directors
18
$840,863
Key Employees
9
$2,251,292
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ANTIONE ALLEN PRESIDENT 60.00
Officer Director
$662,065 $178,798 $840,863
SAUNDRA DELAUDER PROVOST & VP ACADEMIC AFFAIRS 60.00
Officer
$256,392 $83,255 $339,647
MICHAEL CASSON DEAN 60.00
Key Emp
$265,113 $71,851 $336,964
CLEON CAULEY SENIOR VP/COO 60.00
Officer
$257,785 $75,764 $333,549
STACY DOWNING VP STRATEGIC INITIATIVES 60.00
Officer
$248,572 $68,189 $316,761
IRENE CHAPMAN-HAWKINS CHIEF ADMINISTRATIVE OFFICER 60.00
Officer
$227,969 $80,598 $308,567
ANTONIO BOYLE VP STRATEGIC ENROLLMENT 60.00
Officer
$234,995 $71,331 $306,326
GWENDOYLN SCOTT-JONES DEAN 60.00
Key Emp
$226,932 $78,662 $305,594
ANAS BEN ADDI VP OF FINANCE/CFO 60.00
Officer
$209,300 $78,421 $287,721
LAKRESHA MOULTRIE VP & GENERAL COUNSEL 60.00
Officer
$216,484 $67,009 $283,493
VITA PICKRUM VP INST ADVANCEMENT 60.00
Officer
$209,388 $59,254 $268,642
CLYTRICE WATSON ASSOCIATE PROVOST 60.00
Key Emp
$193,942 $73,474 $267,416
YOUNGSIK KWAK PROFESSOR 60.00
Highest
$199,230 $68,047 $267,277
FENGSHAN LIU ASSOC VP INTERNATIONAL AFFAIRS 60.00
Highest
$191,607 $69,264 $260,871
RAYMOND TUTU PROFESSOR 60.00
Highest
$179,709 $66,721 $246,430
ALECIA SHIELDS DIRECTOR OF ATHLETICS 60.00
Key Emp
$188,212 $54,427 $242,639
BERNARD PRATT ASSOCIATE VP 60.00
Key Emp
$176,158 $61,876 $238,034
TERRY PARKER JEFFRIES ASSISTANT DEAN 60.00
Highest
$178,233 $58,031 $236,264
RODERICK MILSTEAD HEAD FOOTBALL COACH 60.00
Highest
$176,508 $57,757 $234,265
CHERESE WINSTEAD DEAN 60.00
Key Emp
$166,687 $55,380 $222,067
DARRELL MCMILLON CHIEF INFORMATION OFFICER 60.00
Officer
$180,000 $41,669 $221,669
FRANCINE EDWARDS DEPUTY CHIEF ADMINISTRATIVE OFFICER 60.00
Key Emp
$155,089 $64,400 $219,489
JACKIE GRIFFITH CHIEF OF STAFF 60.00
Key Emp
$160,694 $56,109 $216,803
MARSHA HORTON SPECIAL ASSISTANT TO VP 60.00
Key Emp
$150,319 $51,967 $202,286
DEVONA E WILLIAMS BOARD CHAIR 15.00
Officer Director
$0 $0 $0
JOHN RIDGEWAY BOARD VICE CHAIR 15.00
Officer Director
$0 $0 $0
JOHN J ALLEN JR BOARD VICE CHAIR 5.00
Officer Director
$0 $0 $0
JOHN CARNEY EX-OFFICIO TRUSTEE 5.00
Director
$0 $0 $0
MICHAEL N CASTLE TRUSTEE 5.00
Director
$0 $0 $0
WILLIAM COLLICK TRUSTEE 5.00
Director
$0 $0 $0
NORMAN GRIFFITHS TRUSTEE 5.00
Director
$0 $0 $0
DEBBIE HARRINGTON TRUSTEE 5.00
Director
$0 $0 $0
WILMA MISHOE TRUSTEE 5.00
Director
$0 $0 $0
CHIP ROSSI TRUSTEE 5.00
Director
$0 $0 $0
HAROLD STAFFORD TRUSTEE 5.00
Director
$0 $0 $0
JOCELYN STEWART TRUSTEE 5.00
Director
$0 $0 $0
LEROY A TICE ESQ TRUSTEE 5.00
Director
$0 $0 $0
MARGIE LOPEZ WAITE TRUSTEE 5.00
Director
$0 $0 $0
BERNADETTE DORSEY WHATLEY TRUSTEE 5.00
Director
$0 $0 $0
LOIS M HOBBS TRUSTEE TO JAN 2023 5.00
Director
$0 $0 $0
ESTHELDA R PARKER TRUSTEE TO DEC 2022 5.00
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $250,363,927 $249,770,271 $512,212,979 $593,656
2022 $245,074,854 $215,791,173 $547,430,681 $29,283,681
2021 $212,915,533 $202,623,272 $471,247,109 $10,292,261
2020 $186,257,288 $174,109,099 $387,106,418 $12,148,189
2019 $170,619,816 $171,742,625 $292,267,884 $-1,122,809
2018 $154,787,347 $165,941,230 $288,570,168 $-11,153,883
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