Intern Delaware Inc

Nonprofit profile at a glance

EIN
842962975
IRS 990-EZ coverage
2020–2021
Forms available
Form 990-EZ 2021, Form 990-N 2019
Location
Wilmington, DE, USA
Phone
3023840483
Rating
64
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Employment N.E.C.

Reported finances

Revenue
$90,545
Expenses
$35,833
Assets
$0
Liabilities
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2021. Amounts in USD.

Leadership & pay

5 people listed

People named in this filing

  • SCOTT MALFITANO (CHAIR)
  • MARK HUTTON (TREASURER)
  • CATRINA JEFFERSON (BOARD MEMBER)

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 2021. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Intern Delaware partners with companies to coordinate experiences for their summer interns that focus on the benefits of living in Delaware. Through a series of educational events, interns will have access to business leaders while learning about the unique aspects of Delaware's economy and culture. Intern Delaware is dedicated to helping build Delaware's future workforce by keeping talent in the first state. Effective september 1, 2021, intern Delaware merged with the partnership, inc., a 501(c)3 workforce development affiliate of the Delaware state chamber of commerce.

What it reported doing in 2021

Intern Delaware has partnered with over twenty-one companies to coordinate experiences for their summer interns that focus on the benefits of living in Delaware. Through a series of educational events, interns have access to business leaders while learning about the unique aspects of Delaware's economy and culture. Intern Delaware is dedicated to helping build Delaware's future workforce by keeping talent in the first state. Effective september 1, 2021, intern Delaware merged with the partnership, inc., a 501(c)3 workforce development affiliate of the Delaware state chamber of commerce.

Operating model

Revenue model
Donor-supported. 83% 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

SUPPORTED - The filed numbers largely add up. A relatively small share of available resources goes toward mission work and program spending has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 44
  • Transparency & Controls: 100
  • Sustainability: 50
  • Growth: 0

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 28.5%; rating input score 28
  • Program expense ratio: 72%; rating input score 72

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 51st percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: 60.4%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: -81% per year; rating input score 0; 5th percentile among comparable filings
  • Revenue growth: -55.2% per year; rating input score 0; 6th percentile among comparable filings
  • Asset growth: -200% per year; rating input score 0; 0th percentile among comparable filings

Details

  • Where the money goes: 28.5% of revenue deployed · 72% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $26K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 8 of 8 current checks pass
  • Schedules: 4 filed schedules
  • Filing history: 2 filing years from 2020 to 2021
  • 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 — Financial Efficiency: Mission deployment rate scored 28/100.
  • High — Growth: Program expense growth scored 0/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.