Diamond State Classic Foundation

Nonprofit profile at a glance

EIN
203217290
IRS 990-EZ coverage
2020–2024
Forms available
Form 990-EZ 2024
Location
Wilmington, DE, USA
Rating
85
Verdict
STRONG
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$16,722
Expenses
$14,220
Assets
$32,263
Liabilities
$6,524

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • DAN MONIGLE (PRESIDENT)

People named in this filing

  • STEVEN MEEKER (VICE PRESIDE)
  • PAUL ZOPPI (SECRETARY)
  • TIMOTHY REGENAUER (CHAIRMAN & C)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

The mission of the diamond state classic foundation is: 1.to support the andrew mcdonough b+ foundation. 2.to highlight girls basketball in the state of Delaware by bringing in some teams that Delaware teams would not normally play. 3.to aid other fine charities such as the special olympics. 4.to raise scholarship money for deserving female basketball players.

What it reported doing in 2024

The diamond state classic foundation - a non-profit organization, the diamond state classic foundation is dedicated to raising scholarship money to award to qualifying and deserving graduating senior high school female athletes in the state of Delaware. In addition to this, the special olympics Delaware, the andrew mcdonough b+ foundation, and other Delaware charities have benefited from grants. Over the past 20 years of operation, we have awarded over 950,000 in scholarships and grants. The diamond state classic is a national high school girls varsity basketball tournament held annually from december 27 through december 30. Sponsored by the diamond state classic foundation, and hosted by the tatnall school, the tournament is operated and run primarily by iaabo board 11 active and retired members, and other dedicated individuals who volunteer their time and services. Corporate sponsors have generously supported our efforts to provide a quality experience for all teams participating in the diamond state classic.

Operating model

Revenue model
Donor-supported. 91% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Assets have declined or grown slowly and liabilities are high compared with assets.

Rating breakdown

  • Financial Efficiency: 91
  • Transparency & Controls: 82
  • Sustainability: 60
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 85.1%; rating input score 85
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 15%; rating input score 68; 68th percentile among comparable filings
  • Total-asset coverage ratio: 2.27; rating input score 68; 68th percentile among comparable filings
  • Liabilities to assets ratio: 0.2; rating input score 14; 14th percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 9.3% per year; rating input score 100; 71st percentile among comparable filings
  • Revenue growth: 0.6% per year; rating input score 100; 54th percentile among comparable filings
  • Asset growth: -15.1% per year; rating input score 0; 13th percentile among comparable filings

Details

  • Where the money goes: 85.1% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $14K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 2 filed schedules
  • Filing history: 4 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Liabilities to assets ratio scored 14/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.