Civic Intelligence

Davenport University Foundation

990 • Fiscal year 2016 • EIN 38-2434184

Jul 01, 2015 to Jun 30, 2016 • Filed on May 09, 2017

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

9th percentile

0.01x

Higher debt load relative to assets than 9% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Liabilities / Revenue

27th percentile

0.13x

Higher debt load relative to revenue than 27% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Net Margin

84th percentile

24%

Higher net margin than 84% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Top Officer Pay

90th percentile

$749,387

Higher top officer pay than 90% of similar nonprofits.

Top officer pay equals 40.4% of source-year revenue.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2016

Asset Growth

32nd percentile

-1.3%

Faster asset growth than 32% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Revenue Growth

2nd percentile

-76%

Faster revenue growth than 2% of similar nonprofits.

2016 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2015 to 2016

Balance Sheet
Liabilities / Assets9th percentile

Assets

Down

$29,170,149

Down $389,633 (-1.3%) from 2015

Net Assets

Down

$28,923,992

Down $466,029 (-1.6%) from 2015

Liabilities

Up

$246,157

Up $76,396 (+45%) from 2015

Revenue And Expenses
Liabilities / Revenue27th percentileNet Margin84th percentile

Revenue

Down

$1,854,432

Down $5,972,479 (-76%) from 2015

Expenses

Down

$1,418,156

Down $1,084,523 (-43%) from 2015

Net Income

Down

$436,276

Down $4,887,956 (-92%) from 2015

Historical Trend

Balance Sheet Trend

Asset Growth32nd 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

2016

Assets$29,170,149
Liabilities$246,157
Net Assets$28,923,992
Open 2016 Filing

Operations Trend

Revenue Growth2nd 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

2016

Revenue$1,854,432
Expenses$1,418,156
Net Income$436,276
Open 2016 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2015 to Jun 30, 2016
Signed
May 9, 2017
Return Version
2015v3.0
Gross Receipts
$23,611,680
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$20,519,077$20,352,615▼ $166,462
Pledges and Grants Receivable$6,532,607$5,431,720▼ $1,100,887
Savings and Temporary Cash Investments$755,787$889,841▲ $134,054
Cash and Non-Interest-Bearing Accounts$145,251$115,736▼ $29,515
Total Assets$29,559,782$29,170,149▼ $389,633
Other Assets Total$1,607,060$2,380,237▲ $773,177
Liabilities
Accounts Payable and Accrued Expenses$169,761$246,157▲ $76,396
Total Liabilities$169,761$246,157▲ $76,396
Net Assets / Fund Balance
Permanently Rstr Net Assets$19,775,919$20,034,542▲ $258,623
Temporarily Rstr Net Assets$7,231,015$6,008,702▼ $1,222,313
Unrestricted Net Assets$2,383,087$2,880,748▲ $497,661
Total Net Assets Fund Balance$29,390,021$28,923,992▼ $466,029
Total Liabilities and Net Assets / Fund Balance$29,559,782$29,170,149▼ $389,633

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$960,993--

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2016$25,745,509$258,623▼ $391,201$1,023,083$24,589,848
2015$20,825,016$5,300,731▲ $542,290$922,528$25,745,509
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
Compensation and Service Providers
Top Officer Pay90th percentile

Board Members and Trustees

NameTitle
Bruce LosPresident
William LettingaVice President
Peg LuyExecutive Director/secretary
James AlbersTrustee
Janet MasonTrustee
Janet VeldhouseTrustee
Jeffrey ZylstraTrustee
Joeseph BuzzittaTrustee
Lauren WalkerTrustee
Margaret GoebelTrustee
Michael McmahonTrustee
Michael VangesselTrustee
Michael VolkTrustee
Richard PappasTrustee
Scott GeerlingsTrustee
Stacie BehlerTrustee
Wilbur LettingaTrustee
Rachel MrazTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,273,859
Program Service Revenue
$0
Investment Income
$715,041
Other Revenue
$-134,468
All Other Contributions
$964,179
Change in Net Assets
$436,276

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,144,191
Revenue Not Reported on Financial Statements
$-289,759
Revenue Not Reported on Form 990
$-27,036
Other Revenue Adjustments
$-389,443
Total Revenue per Audited Statements
$2,117,155
Total Revenue per Form 990
$1,854,432
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,243,754
Other Expenses$174,402
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,243,754--$1,243,754
Fees for Service Investment Mgmnt Fees$99,684--$99,684
Insurance$44,648--$44,648
Other Expenses$30,070--$30,070
Total Functional Expenses$1,418,156$0$0$1,418,156

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,583,184
Total Expenses per Form 990$1,418,156
Expenses Not Reported on Form 990$1,294,782
Expenses per Audited Statements$1,288,402
Expenses Not Reported on Financial Statements$129,754
Other Expense Adjustments$30,070
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Davenport UniversityGrand Rapids, MI501(c)(3)Tuition Scholarships$1,243,754
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$389,443
Fundraising Gross Income$254,975
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Excellence in Business Dinner$322,587$170,000$318,582$-148,582
Scholarship Golf Classic$122,868$70,125$66,872$3,253
Total Events$564,655$254,975$389,443$-134,468
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
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

Filer Name
Davenport University Foundation
EIN
38-2434184
Phone
6164513511
Address
6191 KRAFT AVE SE, GRAND RAPIDS, MI 49512

Signing Officer

Name
Michael S Volk
Title
Executive VP for Finance and CFO
Phone
6164513511
Signed
2017-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael S Volk
Formed
1982
Legal Domicile
Mi
Voting Board Members
18
Independent Board Members
15
Employees
0
Volunteers
15

Preparer

Firm
Plante & Moran Pllc
Address
750 TRADE CENTRE WAY STE 300, PORTAGE, MI 49002
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 59,805.”

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 XI, LINE 2D - OTHER ADJUSTMENTS:

“Change in value of cash surrender value of life insurance 59,805. Bad debt expense netted on financial statements 4,934. Interest expense netted on financial statements -35,004.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Special event expense -389,443.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expense 389,443.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Bad debt expense netted on financial statements -4,934. Interest expense netted on financial statements 35,004.”

Raw XML AppendixShowing 400 of 662 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/PersonNm13MICHAEL MCMAHON
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IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt170
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt3EXECUTIVE DIRECTOR/SECRETARY
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/TitleTxt16TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE
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IRS990/FundraisingDirectExpensesAmt0389443
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IRS990/GainOrLossGrp/SecuritiesAmt027272
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IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
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IRS990/GrossReceiptsAmt023611680
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IRS990/IndoorTanningServicesInd00
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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
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IRS990/NetAssetsOrFundBalancesEOYAmt028923992
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt027272
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt027272
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-134468
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-134468
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-962110
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01607060
IRS990/OtherAssetsTotalGrp/EOYAmt02380237
IRS990/OtherChangesInNetAssetsAmt059805
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/ProgramServicesAmt030070
IRS990/OtherExpensesGrp/TotalAmt030070
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt019775919
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt020034542
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt06532607
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt05431720
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL S VOLK
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt05996004
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02242114
IRS990/PYInvestmentIncomeAmt02009009
IRS990/PYOtherExpensesAmt0260565
IRS990/PYOtherRevenueAmt0-178102
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt05324232
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt02502679
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt07826911
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0436276
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd01
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0755787
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0889841
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd01
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd00
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd01
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0381945965
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd02
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt01243754
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IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
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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/BeginningYearBalanceAmt025745509
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0258623
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt024589848
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-391201
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt01023083
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt020825016
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt05300731
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt025745509
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0542290
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IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0333710
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IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01729750
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IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0905339
IRS990ScheduleD/DonatedServicesUseFcltsAmt0905339
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IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
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IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0129754
IRS990ScheduleD/ExpensesSubtotalAmt01288402
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt099684
IRS990ScheduleD/InvestmentExpensesNotIncldAmt099684
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt149156
IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt2960993
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0DUE FROM DAVENPORT UNIVERSITY
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1INTEREST RECEIVABLE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc2CASH SURRENDER VALUE OF LIFE INSURANCE
IRS990ScheduleD/OtherExpensesIncludedAmt0389443
IRS990ScheduleD/OtherExpensesNotIncludedAmt030070

Document Assets

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Filings

Displayed year

2016 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$29,170,149
Liabilities
$246,157
Net assets
$28,923,992
Revenue
$1,854,432
Expenses
$1,418,156
Net income
$436,276
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