Civic Intelligence

Davenport University Foundation

990 • Fiscal year 2018 • EIN 38-2434184

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 14, 2019

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

11th percentile

0.01x

Higher debt load relative to assets than 11% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Liabilities / Revenue

20th percentile

0.09x

Higher debt load relative to revenue than 20% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Net Margin

94th percentile

64%

Higher net margin than 94% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Top Officer Pay

92nd percentile

$895,574

Higher top officer pay than 92% of similar nonprofits.

Top officer pay equals 23.1% of source-year revenue.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2018

Asset Growth

68th percentile

7.1%

Faster asset growth than 68% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Revenue Growth

88th percentile

46%

Faster revenue growth than 88% of similar nonprofits.

2018 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$31,623,123

Up $2,089,576 (+7.1%) from 2017

Net Assets

Up

$31,289,581

Up $2,051,758 (+7.0%) from 2017

Liabilities

Up

$333,542

Up $37,818 (+13%) from 2017

Revenue And Expenses
Liabilities / Revenue20th percentileNet Margin94th percentile

Revenue

Up

$3,870,237

Up $1,220,487 (+46%) from 2017

Expenses

Down

$1,401,675

Down $1,714,356 (-55%) from 2017

Net Income

Up

$2,468,562

Up $2,934,843 (+629%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth68th 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

2018

Assets$31,623,123
Liabilities$333,542
Net Assets$31,289,581
Open 2018 Filing

Operations Trend

Revenue Growth88th 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

2018

Revenue$3,870,237
Expenses$1,401,675
Net Income$2,468,562
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 14, 2019
Return Version
2017v2.3
Gross Receipts
$16,541,803
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$23,169,974$25,236,173▲ $2,066,199
Pledges and Grants Receivable$4,220,869$3,866,803▼ $354,066
Savings and Temporary Cash Investments$822,003$872,457▲ $50,454
Cash and Non-Interest-Bearing Accounts$146,210$367,326▲ $221,116
Total Assets$29,533,547$31,623,123▲ $2,089,576
Other Assets Total$1,174,491$1,280,364▲ $105,873
Liabilities
Accounts Payable and Accrued Expenses$243,969$333,542▲ $89,573
Other Liabilities$51,755$0▼ $51,755
Total Liabilities$295,724$333,542▲ $37,818
Net Assets / Fund Balance
Permanently Rstr Net Assets$20,461,890$21,297,533▲ $835,643
Temporarily Rstr Net Assets$7,100,134$7,995,773▲ $895,639
Unrestricted Net Assets$1,675,799$1,996,275▲ $320,476
Total Net Assets Fund Balance$29,237,823$31,289,581▲ $2,051,758
Total Liabilities and Net Assets / Fund Balance$29,533,547$31,623,123▲ $2,089,576

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2018$26,118,833$835,643▲ $1,615,452$983,713$27,586,215
2017$24,589,848$427,348▲ $2,100,858$999,221$26,118,833
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
Compensation and Service Providers
Top Officer Pay92nd 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
Michael VangesselTrustee
Michael VolkTrustee
Ralph SliderTrustee
Richard PappasTrustee
Scott GeerlingsTrustee
Wilbur LettingaTrustee
Catherine EhrenbergTrustee - Part Year
Lauren WalkerTrustee - Part Year
Stacie BehlerTrustee - Part Year
Rachel MrazTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,882,675
Program Service Revenue
$0
Investment Income
$2,241,479
Other Revenue
$-253,917
All Other Contributions
$1,579,469
Change in Net Assets
$2,468,562

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,085,793
Revenue Not Reported on Financial Statements
$-215,556
Revenue Not Reported on Form 990
$478,375
Other Revenue Adjustments
$-336,306
Total Revenue per Audited Statements
$4,564,168
Total Revenue per Form 990
$3,870,237
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,211,532
Other Expenses$190,143
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,211,532--$1,211,532
Fees for Service Investment Mgmnt Fees$120,750--$120,750
Insurance$65,126--$65,126
Interest$2,667--$2,667
Other Expenses$1,600--$1,600
Total Functional Expenses$1,401,675$0$0$1,401,675

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,512,410
Total Expenses per Form 990$1,401,675
Expenses per Audited Statements$1,276,658
Expenses Not Reported on Form 990$1,235,752
Expenses Not Reported on Financial Statements$125,017
Other Expense Adjustments$4,267
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Davenport UniversityGrand Rapids, MI501(c)(3)Tuition Scholarships$1,211,532
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$336,306
Fundraising Gross Income$82,389
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Scholarship Golf Classic$101,301$41,916$4,269$37,647
Excellence in Business Dinner$277,634$40,473$98,069$-57,596
Total Events$378,935$82,389$336,306$-253,917
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 11B

“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
2019-03-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michael S Volk
Formed
1982
Legal Domicile
Mi
Voting Board Members
15
Independent Board Members
12
Employees
0
Volunteers
14

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 66,435.”

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 66,435. Bad debt expense netted on financial statements -1,600. Interest expense netted on financial statements -2,667.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Special event expense -336,306.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expense 336,306.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Bad debt expense netted on financial statements 1,600. Interest expense netted on financial statements 2,667.”

Raw XML AppendixShowing 400 of 666 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/ReportableCompFromOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt160
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt170
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt3259435
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt9635073
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt13343038
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt150
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt160
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 - PART YEAR
IRS990/Form990PartVIISectionAGrp/TitleTxt16TRUSTEE - PART YEAR
IRS990/Form990PartVIISectionAGrp/TitleTxt17TRUSTEE - PART YEAR
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01982
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt0296546
IRS990/FundraisingDirectExpensesAmt0336306
IRS990/FundraisingGrossIncomeAmt082389
IRS990/GainOrLossGrp/SecuritiesAmt01502156
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt015
IRS990/GrantAmt01211532
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01211532
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01211532
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt013837416
IRS990/GrossReceiptsAmt016541803
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt065126
IRS990/InsuranceGrp/TotalAmt065126
IRS990/InterestGrp/ProgramServicesAmt02667
IRS990/InterestGrp/TotalAmt02667
IRS990/InvestmentIncomeGrp/ExclusionAmt0739323
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0739323
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt023169974
IRS990/InvestmentsPubTradedSecGrp/EOYAmt025236173
IRS990/IRPDocumentCnt010
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt012335260
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/NetAssetsOrFundBalancesBOYAmt029237823
IRS990/NetAssetsOrFundBalancesEOYAmt031289581
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt01502156
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt01502156
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-253917
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-253917
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-483239
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01174491
IRS990/OtherAssetsTotalGrp/EOYAmt01280364
IRS990/OtherChangesInNetAssetsAmt066435
IRS990/OtherExpensesGrp/Desc0BAD DEBT
IRS990/OtherExpensesGrp/ProgramServicesAmt01600
IRS990/OtherExpensesGrp/TotalAmt01600
IRS990/OtherLiabilitiesGrp/BOYAmt051755
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt020461890
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt021297533
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt04220869
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03866803
IRS990/PoliticalCampaignActyInd00
IRS990/PrincipalOfficerNm0MICHAEL S VOLK
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01608747
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt02901002
IRS990/PYInvestmentIncomeAmt01428552
IRS990/PYOtherExpensesAmt0215029
IRS990/PYOtherRevenueAmt0-387549
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0-466281
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt03116031
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt02649750
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02468562
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt06660
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0822003
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0872457
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/SupportAmt01211532
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0DAVENPORT UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01211532
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt026118833
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0835643
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt027586215
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt01615452
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt0983713
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt024589848
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt0427348
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt026118833
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02100858
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt0999221
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt025745509
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0258623
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt024589848
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-391201
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt01023083
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt020825016
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt05300731
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt025745509
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0542290
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0922528
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt017888347
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0601101
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt020825016
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02669278
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt0333710
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0899446
IRS990ScheduleD/DonatedServicesUseFcltsAmt0899446
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt01235752
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0125017
IRS990ScheduleD/ExpensesSubtotalAmt01276658
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0120750
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0120750
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-483239
IRS990ScheduleD/OtherExpensesIncludedAmt0336306
IRS990ScheduleD/OtherExpensesNotIncludedAmt04267
IRS990ScheduleD/OtherRevenueAmt062168
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-336306
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.77200
IRS990ScheduleD/RevenueNotReportedAmt0478375
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt0-215556
IRS990ScheduleD/RevenueSubtotalAmt04085793
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN SUPPORT OF DAVENPORT UNIVERSITY STUDENT SCHOLARSHIPS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN VALUE OF CASH SURRENDER VALUE OF LIFE INSURANCE 66,435. BAD DEBT EXPENSE NETTED ON FINANCIAL STATEMENTS -1,600. INTEREST EXPENSE NETTED ON FINANCIAL STATEMENTS -2,667.

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$31,623,123
Liabilities
$333,542
Net assets
$31,289,581
Revenue
$3,870,237
Expenses
$1,401,675
Net income
$2,468,562
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