Civic Intelligence

Davenport University Foundation

990 • Fiscal year 2020 • EIN 38-2434184

Jul 01, 2019 to Jun 30, 2020 • Filed on Mar 11, 2021

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

0.01x

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

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Liabilities / Revenue

31st percentile

0.18x

Higher debt load relative to revenue than 31% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Net Margin

86th percentile

35%

Higher net margin than 86% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Top Officer Pay

93rd percentile

$919,329

Higher top officer pay than 93% of similar nonprofits.

Top officer pay equals 38.8% of source-year revenue.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Source year 2020

Asset Growth

31st percentile

1.4%

Faster asset growth than 31% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Revenue Growth

80th percentile

24%

Faster revenue growth than 80% of similar nonprofits.

2020 filings • 501(c)3 • $25M-$50M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets13th percentile

Assets

Up

$32,713,129

Up $438,071 (+1.4%) from 2019

Net Assets

Up

$32,274,897

Up $149,414 (+0.5%) from 2019

Liabilities

Up

$438,232

Up $288,657 (+193%) from 2019

Revenue And Expenses
Liabilities / Revenue31st percentileNet Margin86th percentile

Revenue

Up

$2,369,564

Up $456,675 (+24%) from 2019

Expenses

Down

$1,552,045

Down $89,332 (-5.4%) from 2019

Net Income

Up

$817,519

Up $546,007 (+201%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth31st 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

2020

Assets$32,713,129
Liabilities$438,232
Net Assets$32,274,897
Open 2020 Filing

Operations Trend

Revenue Growth80th 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

2020

Revenue$2,369,564
Expenses$1,552,045
Net Income$817,519
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Mar 11, 2021
Return Version
2019v5.2
Gross Receipts
$26,329,623
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$26,174,814$26,221,124▲ $46,310
Pledges and Grants Receivable$3,630,189$3,721,956▲ $91,767
Savings and Temporary Cash Investments$1,193,467$1,114,667▼ $78,800
Cash and Non-Interest-Bearing Accounts$20,833$171,820▲ $150,987
Prepaid Expenses and Deferred Charges-$162,638-
Total Assets$32,275,058$32,713,129▲ $438,071
Other Assets Total$1,255,755$1,320,924▲ $65,169
Liabilities
Deferred Revenue-$252,240-
Accounts Payable and Accrued Expenses$149,575$185,992▲ $36,417
Total Liabilities$149,575$438,232▲ $288,657
Net Assets / Fund Balance
Net Assets With Donor Restrictions$29,792,431$29,711,756▼ $80,675
Net Assets Without Donor Restrictions$2,333,052$2,563,141▲ $230,089
Total Net Assets Fund Balance$32,125,483$32,274,897▲ $149,414
Total Liabilities and Net Assets / Fund Balance$32,275,058$32,713,129▲ $438,071

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2020$28,005,658$327,692▲ $578,022$1,006,292$27,905,080
2019$27,586,215$89,533▲ $1,342,515$1,012,605$28,005,658
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
Compensation and Service Providers
Top Officer Pay93rd percentile

Board Members and Trustees

NameTitle
Bruce LosChairman
William LettingaVice Chairman
Rachel RenderExecutive Director/secreta
Brian HartTrustee
Chad BassettTrustee
James AlbersTrustee
Janet VeldhouseTrustee
Jeffrey ZylstraTrustee
Joeseph BuzzittaTrustee
Michael VolkTrustee
Rachel MrazTrustee
Ralph SliderTrustee
Richard PappasTrustee
Scott GeerlingsTrustee
Wilbur LettingaTrustee
Revenue and Support

Revenue Composition

Contributions and Grants
$959,617
Program Service Revenue
$0
Investment Income
$1,434,636
Other Revenue
$-24,689
All Other Contributions
$896,546
Change in Net Assets
$817,519

Audited Revenue Reconciliation

Revenue per Audited Statements
$2,292,411
Revenue Not Reported on Financial Statements
$77,153
Revenue Not Reported on Form 990
$280,404
Other Revenue Adjustments
$-45,503
Total Revenue per Audited Statements
$2,572,815
Total Revenue per Form 990
$2,369,564
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$1,385,124
Other Expenses$166,921
Total Fundraising Expense$42,741
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$1,385,124--$1,385,124
Fees for Service Investment Mgmnt Fees-$122,656-$122,656
Insurance--$42,741$42,741
Interest-$1,524-$1,524
Total Functional Expenses$1,385,124$124,180$42,741$1,552,045

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$2,423,401
Total Expenses per Form 990$1,552,045
Expenses per Audited Statements$1,427,865
Expenses Not Reported on Form 990$995,536
Expenses Not Reported on Financial Statements$124,180
Other Expense Adjustments$1,524
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Davenport UniversityGrand Rapids, MI501(c)(3)Tuition Scholarships for Davenport University Students$1,385,124
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$45,503
Fundraising Gross Income$20,814
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Scholarship Golf Classic$78,685$20,814$9,952$10,862
Total Events$78,685$20,814$45,503$-24,689
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 35% controlled entity
No
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
2021-03-11
Discuss with paid preparer
Yes

Organization Details

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

Preparer

Firm
Plante & Moran Pllc
Address
750 TRADE CENTRE WAY STE 300, PORTAGE, MI 49002
Preparer
Dori J Eggett
Phone
2695674500
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in cash surrender value of life insurance 62,965. Uncollectible pledges -11,767.”

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 62,965. Bad debt expense netted on financial statements -11,767. Interest expense netted on financial statements -1,524.”

PART XI, LINE 4B - OTHER ADJUSTMENTS:

“Special event expense -45,503.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Special event expense 45,503.”

PART XII, LINE 4B - OTHER ADJUSTMENTS:

“Interest expense netted on financial statements 1,524.”

Raw XML AppendixShowing 400 of 624 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/TitleTxt0TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt1TRUSTEE
IRS990/Form990PartVIISectionAGrp/TitleTxt2EXECUTIVE DIRECTOR/SECRETA
IRS990/Form990PartVIISectionAGrp/TitleTxt3CHAIRMAN
IRS990/Form990PartVIISectionAGrp/TitleTxt4VICE CHAIRMAN
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/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr01982
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolAndSepBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
IRS990/FundraisingAmt057871
IRS990/FundraisingDirectExpensesAmt045503
IRS990/FundraisingGrossIncomeAmt020814
IRS990/GainOrLossGrp/SecuritiesAmt0683874
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt014
IRS990/GrantAmt01385124
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt01385124
IRS990/GrantsToDomesticOrgsGrp/TotalAmt01385124
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossAmountSalesAssetsGrp/SecuritiesAmt024598430
IRS990/GrossReceiptsAmt026329623
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd01
IRS990/IndependentVotingMemberCnt012
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InfoInScheduleOPartXIInd0X
IRS990/InsuranceGrp/FundraisingAmt042741
IRS990/InsuranceGrp/TotalAmt042741
IRS990/InterestGrp/ManagementAndGeneralAmt01524
IRS990/InterestGrp/TotalAmt01524
IRS990/InvestmentIncomeGrp/ExclusionAmt0750762
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0750762
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt026174814
IRS990/InvestmentsPubTradedSecGrp/EOYAmt026221124
IRS990/IRPDocumentCnt06
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt023914556
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/NetAssetsOrFundBalancesBOYAmt032125483
IRS990/NetAssetsOrFundBalancesEOYAmt032274897
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0683874
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0683874
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-24689
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-24689
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0-719303
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt02333052
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt02563141
IRS990/NoncashContributionsAmt04100
IRS990/NondeductibleContributionsInd00
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt01255755
IRS990/OtherAssetsTotalGrp/EOYAmt01320924
IRS990/OtherChangesInNetAssetsAmt051198
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt03630189
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt03721956
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0162638
IRS990/PrincipalOfficerNm0MICHAEL S VOLK
IRS990/ProfessionalFundraisingInd00
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt01144449
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01447769
IRS990/PYInvestmentIncomeAmt01008326
IRS990/PYOtherExpensesAmt0193608
IRS990/PYOtherRevenueAmt0-239886
IRS990/PYProgramServiceRevenueAmt00
IRS990/PYRevenuesLessExpensesAmt0271512
IRS990/PYSalariesCompEmpBnftPaidAmt00
IRS990/PYTotalExpensesAmt01641377
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt01912889
IRS990/QuidProQuoContributionsInd01
IRS990/QuidProQuoContriDisclInd01
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0817519
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/RelatedOrganizationsAmt05200
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd00
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt01193467
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01114667
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/SupportAmt01385124
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0DAVENPORT UNIVERSITY
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt01385124
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/BoardDesignatedBalanceEOYPct00.00000
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt028005658
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0327692
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt027905080
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0578022
IRS990ScheduleD/CYEndwmtFundGrp/OtherExpendituresAmt01006292
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt027586215
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/ContributionsAmt089533
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt028005658
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01342515
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/OtherExpendituresAmt01012605
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt026118833
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt0835643
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt027586215
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt01615452
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/OtherExpendituresAmt0983713
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt024589848
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt0427348
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt026118833
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt02100858
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/OtherExpendituresAmt0999221
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt025745509
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt0258623
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt024589848
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-391201
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/OtherExpendituresAmt01023083
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt0950033
IRS990ScheduleD/DonatedServicesUseFcltsAmt0950033
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd00
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd00
IRS990ScheduleD/ExpensesNotReportedAmt0995536
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt0124180
IRS990ScheduleD/ExpensesSubtotalAmt01427865
IRS990ScheduleD/InvestmentExpensesNotIncld2Amt0122656
IRS990ScheduleD/InvestmentExpensesNotIncldAmt0122656
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0-719303
IRS990ScheduleD/OtherExpensesIncludedAmt045503
IRS990ScheduleD/OtherExpensesNotIncludedAmt01524
IRS990ScheduleD/OtherRevenueAmt049674
IRS990ScheduleD/OtherRevenuesNotIncludedAmt0-45503
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.77820
IRS990ScheduleD/RevenueNotReportedAmt0280404
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt077153
IRS990ScheduleD/RevenueSubtotalAmt02292411
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0IN SUPPORT OF DAVENPORT UNIVERSITY STUDENT SCHOLARSHIPS
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1CHANGE IN VALUE OF CASH SURRENDER VALUE OF LIFE INSURANCE 62,965. BAD DEBT EXPENSE NETTED ON FINANCIAL STATEMENTS -11,767. INTEREST EXPENSE NETTED ON FINANCIAL STATEMENTS -1,524.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2SPECIAL EVENT EXPENSE -45,503.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3SPECIAL EVENT EXPENSE 45,503.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt4INTEREST EXPENSE NETTED ON FINANCIAL STATEMENTS 1,524.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART V, LINE 4:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XI, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc4PART XII, LINE 4B - OTHER ADJUSTMENTS:
IRS990ScheduleD/TermEndowmentBalanceEOYPct00.22180
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt01552045
IRS990ScheduleD/TotalRevenuePerForm990Amt02369564
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt02572815
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt02423401
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesEvent1Amt01200
IRS990ScheduleG/FundraisingEventInformationGrp/CashPrizesTotalEventsAmt01200

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$32,713,129
Liabilities
$438,232
Net assets
$32,274,897
Revenue
$2,369,564
Expenses
$1,552,045
Net income
$817,519
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