Civic Intelligence

Davenport University Foundation

990 • Fiscal year 2014 • EIN 38-2434184

Jul 01, 2013 to Jun 30, 2014 • Filed on Mar 04, 2015

Organization ProfileWWW.DAVENPORT.EDU
6191 Kraft Ave SEGrand Rapids, MI 49512

(616) 451-3511

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

13th percentile

0.02x

Higher debt load relative to assets than 13% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Liabilities / Revenue

22nd percentile

0.11x

Higher debt load relative to revenue than 22% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Net Margin

89th percentile

43%

Higher net margin than 89% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Top Officer Pay

89th percentile

$707,160

Higher top officer pay than 89% of similar nonprofits.

Top officer pay equals 18.6% of source-year revenue.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2014

Asset Growth

81st percentile

16%

Faster asset growth than 81% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Revenue Growth

91st percentile

57%

Faster revenue growth than 91% of similar nonprofits.

2014 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2013 to 2014

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$25,788,275

Up $3,465,733 (+16%) from 2013

Net Assets

Up

$25,387,578

Up $3,208,641 (+14%) from 2013

Liabilities

Up

$400,697

Up $257,092 (+179%) from 2013

Revenue And Expenses
Liabilities / Revenue22nd percentileNet Margin89th percentile

Revenue

Up

$3,796,062

Up $1,380,737 (+57%) from 2013

Expenses

Up

$2,174,452

Up $1,157,019 (+114%) from 2013

Net Income

Up

$1,621,610

Up $223,718 (+16%) from 2013

Historical Trend

Balance Sheet Trend

Asset Growth81st percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $17,152,303Liabilities 2010: $144,449Net Assets 2010: $17,007,8542010Assets 2011: $20,451,813Liabilities 2011: $132,017Net Assets 2011: $20,319,7962011Assets 2012: $20,336,942Liabilities 2012: $233,066Net Assets 2012: $20,103,8762012Assets 2013: $22,322,542Liabilities 2013: $143,605Net Assets 2013: $22,178,9372013Assets 2014: $25,788,275Liabilities 2014: $400,697Net Assets 2014: $25,387,5782014Assets 2015: $29,559,782Liabilities 2015: $169,761Net Assets 2015: $29,390,0212015Assets 2016: $29,170,149Liabilities 2016: $246,157Net Assets 2016: $28,923,9922016Assets 2017: $29,533,547Liabilities 2017: $295,724Net Assets 2017: $29,237,8232017Assets 2018: $31,623,123Liabilities 2018: $333,542Net Assets 2018: $31,289,5812018Assets 2019: $32,275,058Liabilities 2019: $149,575Net Assets 2019: $32,125,4832019Assets 2020: $32,713,129Liabilities 2020: $438,232Net Assets 2020: $32,274,8972020Assets 2021: $38,322,868Liabilities 2021: $331,415Net Assets 2021: $37,991,4532021Assets 2022: $36,303,700Liabilities 2022: $107,342Net Assets 2022: $36,196,3582022Assets 2023: $34,936,508Liabilities 2023: $61,955Net Assets 2023: $34,874,5532023Assets 2024: $37,121,266Liabilities 2024: $104,058Net Assets 2024: $37,017,2082024Assets 2025: $38,168,900Liabilities 2025: $190,674Net Assets 2025: $37,978,2262025

Highlighted filing

2014

Assets$25,788,275
Liabilities$400,697
Net Assets$25,387,578
Open 2014 Filing

Operations Trend

Revenue Growth91st percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0-$5.0MExpenses 2010: $863,8572010Expenses 2011: $892,0992011Revenue 2012: $2,145,500Expenses 2012: $983,233Net Income 2012: $1,162,2672012Revenue 2013: $2,415,325Expenses 2013: $1,017,433Net Income 2013: $1,397,8922013Revenue 2014: $3,796,062Expenses 2014: $2,174,452Net Income 2014: $1,621,6102014Revenue 2015: $7,826,911Expenses 2015: $2,502,679Net Income 2015: $5,324,2322015Revenue 2016: $1,854,432Expenses 2016: $1,418,156Net Income 2016: $436,2762016Revenue 2017: $2,649,750Expenses 2017: $3,116,031Net Income 2017: -$466,2812017Revenue 2018: $3,870,237Expenses 2018: $1,401,675Net Income 2018: $2,468,5622018Revenue 2019: $1,912,889Expenses 2019: $1,641,377Net Income 2019: $271,5122019Revenue 2020: $2,369,564Expenses 2020: $1,552,045Net Income 2020: $817,5192020Revenue 2021: $4,144,742Expenses 2021: $1,255,478Net Income 2021: $2,889,2642021Revenue 2022: $6,158,659Expenses 2022: $1,715,428Net Income 2022: $4,443,2312022Revenue 2023: $2,423,738Expenses 2023: $5,062,254Net Income 2023: -$2,638,5162023Revenue 2024: $2,672,537Expenses 2024: $3,056,491Net Income 2024: -$383,9542024Revenue 2025: $3,751,094Expenses 2025: $3,445,480Net Income 2025: $305,6142025

Highlighted filing

2014

Revenue$3,796,062
Expenses$2,174,452
Net Income$1,621,610
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Mar 4, 2015
Return Version
2013v4.0
Gross Receipts
$14,656,603
Mission and Program Overview

Mission

To secure financial support for the purpose of growing the university foundation endowment, student scholarships, and the development of needed programs and capital projects.

Provide fundraising for davenport university

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$19,987,626$22,661,456▲ $2,673,830
Pledges and Grants Receivable$515,029$1,558,228▲ $1,043,199
Savings and Temporary Cash Investments$857,785$650,373▼ $207,412
Cash and Non-Interest-Bearing Accounts$23,657$64,936▲ $41,279
Total Assets$22,322,542$25,788,275▲ $3,465,733
Other Assets Total$938,445$853,282▼ $85,163
Liabilities
Other Liabilities$100$227,280▲ $227,180
Accounts Payable and Accrued Expenses$143,505$173,417▲ $29,912
Total Liabilities$143,605$400,697▲ $257,092
Net Assets / Fund Balance
Permanently Rstr Net Assets$13,874,087$14,475,188▲ $601,101
Temporarily Rstr Net Assets$4,015,099$7,868,749▲ $3,853,650
Unrestricted Net Assets$4,289,751$3,043,641▼ $1,246,110
Total Net Assets Fund Balance$22,178,937$25,387,578▲ $3,208,641
Total Liabilities and Net Assets / Fund Balance$22,322,542$25,788,275▲ $3,465,733

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2014$17,888,347$601,101▲ $2,669,278$333,710$20,825,016
2013$16,130,394$303,505▲ $1,729,750$275,302$17,888,347
2012$16,166,065$228,628▼ $264,299-$16,130,394
2011$12,940,133$400,423▲ $2,825,509-$16,166,065
2010$12,771,227$170,304▼ $1,398-$12,940,133
Compensation and Service Providers
Top Officer Pay89th percentile

Board Members and Trustees

NameTitle
Bruce LosChairman
Richard PappasPresident
William LettingaVice Chairman
Craig TigglemanTrustee
Curt WellsTrustee
James AlbersTrustee
Janet MasonTrustee
Jeffrey ZylstraTrustee
Joeseph BuzzittaTrustee
Margaret GoebelTrustee
Michael McmahonTrustee
Michael VangesselTrustee
Rachel MrazTrustee
Scott GeerlingsTrustee
Wilbur LettingaTrustee
Peg LuyEvp for Alumni & Development
Michael VolkTreasurer/CFO/evp for Finance
Revenue and Support

Revenue Composition

Contributions and Grants
$2,304,616
Program Service Revenue
$0
Investment Income
$1,630,707
Other Revenue
$-139,261
All Other Contributions
$1,967,146
Change in Net Assets
$1,621,610

Audited Revenue Reconciliation

Revenue per Audited Statements
$3,953,673
Revenue Not Reported on Financial Statements
$-157,611
Revenue Not Reported on Form 990
$2,168,395
Other Revenue Adjustments
$-257,203
Total Revenue per Audited Statements
$6,122,068
Total Revenue per Form 990
$3,796,062
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,969,698
Other Expenses$204,754
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,969,698--$1,969,698
Fees for Service Investment Mgmnt Fees$99,592--$99,592
Other Expenses$20,001--$20,001
Interest$1,763--$1,763
Total Functional Expenses$2,174,452$0$0$2,174,452

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,913,427
Total Expenses per Form 990$2,174,452
Expenses per Audited Statements$1,989,699
Expenses Not Reported on Form 990$923,728
Expenses Not Reported on Financial Statements$184,753
Other Expense Adjustments$85,161
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
38-1945965-501(c)(3)Tuition Scholarships$1,969,698
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$259,203
Fundraising Gross Income$114,138
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event 2$143,539$61,599$55,297$6,302
Event 1$308,069$52,539$203,906$-151,367
Total Events$451,608$114,138$259,203$-145,065
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Due to Davenport University$227,280
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“Wilbur lettinga and william lettinga, board trustees, have a family relationship.”

Form 990, Part VI, Section A, Line 6

“The sole corporate member of davenport university foundation is davenport university.”

Form 990, Part VI, Section A, Line 7A

“The davenport university foundation governing body has established a nominating committee. This committee nominates new trustees to serve on the davenport university foundation governing body. Appointments to the davenport university foundation governing body are subject to the approval of the davenport university governing body.”

Form 990, Part VI, Section A, Line 7B

“Davenport university, as the sole corporate member of davenport university foundation, has certain reserve powers under state law. All decisions made by the davenport university foundation governing body are ratified by the davenport university governing body.”

Form 990, Part VI, Section B, Line 11

“The form 990 is reviewed by the audit and finance committee of the university prior to filing. A copy of the form 990 is also provided to all foundation board members prior to filing.”

Form 990, Part VI, Section B, Line 12C

“Annual disclosure statements are filed with the university, and reviewed by the cfo/executive vp for finance. If a conflict arises, the board member would stay in the room, not partake in conversation unless asked, and abstain from voting.”

Form 990, Part VI, Section B, Line 15

“No compensation is paid from the foundation.”

Form 990, Part VI, Section C, Line 19

“Davenport university foundation makes documents available to the public in accordance with state and federal law.”

Filing and Contact Details

Filer

EIN
38-2434184
Phone
6164513511

Signing Officer

Name
Michael S Volk
Title
Executive VP for Finance and CFO
Phone
6164513511
Signed
2015-03-04
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael S Volk
Formed
1982
Legal Domicile
Mi
Voting Board Members
17
Independent Board Members
14
Employees
0
Volunteers
14

Preparer

Preparer
Vicki L Vandenberg CPA
Phone
2695674500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in cash surrender value of life insurance 14,668.”

FORM 990, PART XII, LINE 2C:

“There has been no change in process from the prior year.”

Financial Statement Notes

PART V, LINE 4:

“In support of davenport university student scholarships”

PART X, LINE 2:

“The internal revenue service has ruled that the foundation and its supporting organizations are public charities, as described in section 509(a)(1), 509(a)(3), and 170(b)(1)(a)(vi) of the internal revenue code. Consequently, the foundation is exempt from federal income tax and certain excise taxes imposed on private foundations. Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by the foundation and recognize a tax liability if the foundation has taken an uncertain position that more likely than not would not be sustained upon examination by the irs or other applicable taxing authorities. Management has analyzed the tax positions taken by the foundation and has concluded that as of june 30, 2014 and 2013, there are no uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the financial statements. The foundation is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to june 30, 2011.”

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Change in value of cash surrender value of life insurance 14,668. Bad debt expense netted on financial statements -83,398. Interest expense netted on financial statements -1,763.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Special event expense -259,203. Non-cash contribution 2,000.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expense 257,203.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Bad debt expense netted on financial statements 83,398. Interest expense netted on financial statements 1,763.”

Raw XML AppendixShowing 400 of 633 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/PersonNm1WILLIAM LETTINGA
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IRS990/Form990PartVIISectionAGrp/PersonNm3MICHAEL VOLK
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt2609137
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3336500
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt16229580
IRS990/Form990PartVIISectionAGrp/TitleTxt0CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt2PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3TREASURER/CFO/EVP FOR FINANCE
IRS990/Form990PartVIISectionAGrp/TitleTxt4TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt5TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt6TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt7TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt8TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt9TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt10TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt11TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt12TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt13TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt14TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt15TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt16EVP FOR ALUMNI & DEVELOPMENT
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01982
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0337470
IRS990/FundraisingDirectExpensesAmt0259203
IRS990/FundraisingGrossIncomeAmt0114138
IRS990/GainOrLossGrp/SecuritiesAmt01117500
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt017
IRS990/GrantAmt01969698
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01969698
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01969698
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt011718838
IRS990/GrossReceiptsAmt014656603
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd01
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt014
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InterestGrp/ProgramServicesAmt01763
IRS990/InterestGrp/TotalAmt01763
IRS990/InvestmentIncomeGrp/ExclusionAmt0513207
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0513207
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt019987626
IRS990/InvestmentsPubTradedSecGrp/EOYAmt022661456
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt010601338
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO SECURE FINANCIAL SUPPORT FOR THE PURPOSE OF GROWING THE UNIVERSITY FOUNDATION ENDOWMENT, STUDENT SCHOLARSHIPS, AND THE DEVELOPMENT OF NEEDED PROGRAMS AND CAPITAL PROJECTS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt022178937
IRS990/NetAssetsOrFundBalancesEOYAmt025387578
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01117500
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01117500
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-145065
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-145065
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt01572363
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0938445
IRS990/OtherAssetsTotalGrp/EOYAmt0853282
IRS990/OtherChangesInNetAssetsAmt014668
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/Desc1LIFE INSURANCE PREMIUMS
IRS990/OtherExpensesGrp/ProgramServicesAmt083398
IRS990/OtherExpensesGrp/ProgramServicesAmt120001
IRS990/OtherExpensesGrp/TotalAmt083398
IRS990/OtherExpensesGrp/TotalAmt120001
IRS990/OtherLiabilitiesGrp/BOYAmt0100
IRS990/OtherLiabilitiesGrp/EOYAmt0227280
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0LIFE INSURANCE PROCEEDS
IRS990/OtherRevenueMiscGrp/ExclusionAmt05804
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt05804
IRS990/OtherRevenueTotalAmt05804
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt013874087
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt014475188
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt0515029
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt01558228
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL S VOLK
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01053202
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0872679
IRS990/PYInvestmentIncomeAmt01491411
IRS990/PYOtherExpensesAmt0144754
IRS990/PYOtherRevenueAmt0-129288
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt01397892
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01017433
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02415325
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01621610
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0857785
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0650373
IRS990ScheduleA/CertificationInd0X
IRS990ScheduleA/Contribution35ControlledInd00
IRS990ScheduleA/ContributionControllerInd00
IRS990ScheduleA/ContributionFamilyInd00
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0381945965
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeDesc02
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01969698
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine10DAVENPORT UNIVERSITY
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrgNotifiedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/USOrganizedInd01
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01969698
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt017888347
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0601101
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt020825016
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt02669278
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0333710
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt016130394
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0303505
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt017888347
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01729750
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0275302
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt016166065
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0228628
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt016130394
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-264299
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt012940133
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0400423
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt016166065
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02825509
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt012771227
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0170304
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt012940133
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-1398
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0666525
IRS990ScheduleD/DonatedServicesUseFcltsAmt0666525
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0923728
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0184753
IRS990ScheduleD/ExpensesSubtotalAmt01989699
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt099592
IRS990ScheduleD/InvestmentExpensesNotIncldAmt099592
IRS990ScheduleD/NetUnrealizedGainsInvstAmt01572363
IRS990ScheduleD/OtherExpensesIncludedAmt0257203
IRS990ScheduleD/OtherExpensesNotIncludedAmt085161
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0227280
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO DAVENPORT UNIVERSITY
IRS990ScheduleD/OtherRevenueAmt0-70493
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-257203
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.69510
IRS990ScheduleD/RevenueNotReportedAmt02168395
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-157611
IRS990ScheduleD/RevenueSubtotalAmt03953673
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN SUPPORT OF DAVENPORT UNIVERSITY STUDENT SCHOLARSHIPS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE INTERNAL REVENUE SERVICE HAS RULED THAT THE FOUNDATION AND ITS SUPPORTING ORGANIZATIONS ARE PUBLIC CHARITIES, AS DESCRIBED IN SECTION 509(A)(1), 509(A)(3), AND 170(B)(1)(A)(VI) OF THE INTERNAL REVENUE CODE. CONSEQUENTLY, THE FOUNDATION IS EXEMPT FROM FEDERAL INCOME TAX AND CERTAIN EXCISE TAXES IMPOSED ON PRIVATE FOUNDATIONS. ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE FOUNDATION AND RECOGNIZE A TAX LIABILITY IF THE FOUNDATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY THE FOUNDATION AND HAS CONCLUDED THAT AS OF JUNE 30, 2014 AND 2013, THERE ARE NO UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE FINANCIAL STATEMENTS. THE FOUNDATION IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO JUNE 30, 2011.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2CHANGE IN VALUE OF CASH SURRENDER VALUE OF LIFE INSURANCE 14,668. BAD DEBT EXPENSE NETTED ON FINANCIAL STATEMENTS -83,398. INTEREST EXPENSE NETTED ON FINANCIAL STATEMENTS -1,763.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SPECIAL EVENT EXPENSE -259,203. NON-CASH CONTRIBUTION 2,000.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4SPECIAL EVENT EXPENSE 257,203.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt5BAD DEBT EXPENSE NETTED ON FINANCIAL STATEMENTS 83,398. INTEREST EXPENSE NETTED ON FINANCIAL STATEMENTS 1,763.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XI, LINE 4B - OTHER ADJUSTMENTS:

Document Assets

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$25,788,275
Liabilities
$400,697
Net assets
$25,387,578
Revenue
$3,796,062
Expenses
$2,174,452
Net income
$1,621,610
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$38.2$0.19$38.0$3.75$3.45$0.31
2024Detailed filing. Detailed filing data is available for this year.$37.1$0.10$37.0$2.67$3.06$0.38
2023Detailed filing. Detailed filing data is available for this year.$34.9$0.06$34.9$2.42$5.06$2.64
2022Detailed filing. Detailed filing data is available for this year.$36.3$0.11$36.2$6.16$1.72$4.44
2021Detailed filing. Detailed filing data is available for this year.$38.3$0.33$38.0$4.14$1.26$2.89
2020Detailed filing. Detailed filing data is available for this year.$32.7$0.44$32.3$2.37$1.55$0.82
2019Detailed filing. Detailed filing data is available for this year.$32.3$0.15$32.1$1.91$1.64$0.27
2018Detailed filing. Detailed filing data is available for this year.$31.6$0.33$31.3$3.87$1.40$2.47
2017Detailed filing. Detailed filing data is available for this year.$29.5$0.30$29.2$2.65$3.12$0.47
2016Detailed filing. Detailed filing data is available for this year.$29.2$0.25$28.9$1.85$1.42$0.44
2015Detailed filing. Detailed filing data is available for this year.$29.6$0.17$29.4$7.83$2.50$5.32
2014Detailed filing. Detailed filing data is available for this year.$25.8$0.40$25.4$3.80$2.17$1.62
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$22.3$0.14$22.2$2.42$1.02$1.40
2012Summary only. Only limited summary data is available for this year.$20.3$0.23$20.1$2.15$0.98$1.16
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$20.5$0.13$20.3$0.89
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.2$0.14$17.0$0.86