DAVENPORT UNIVERSITY: Form 990, tax year 2017
View the entire original 990 at ProPublica ↗
- Organization
- DAVENPORT UNIVERSITY (EIN 38-1945965)
- Tax period
- 2017-07-01 to 2018-06-30
- Filed
- 2019-04-25
- IRS object ID
- 201931159349300243
- Schema version
- 2017v2.3
- Source
- Download XML · Original 990 at ProPublica
Every field in the e-filed return. Faint text is the IRS element name, for citing.
- Return header
- Form 990
- Schedule A
- Schedule B
- Schedule D
- Schedule E
- Schedule F
- Schedule I
- Schedule J
- Schedule K
- Schedule L
- Schedule M
- Schedule O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2019-04-25T15:02:49-05:00 | ReturnTs |
| Tax Period End | 2018-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 381357951 | PreparerFirmEIN |
Preparer Firm Name PreparerFirmName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | PLANTE & MORAN PLLC | BusinessNameLine1Txt |
Preparer US Address PreparerUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 750 TRADE CENTRE WAY STE 300 | AddressLine1Txt |
| City | PORTAGE | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49002 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return Type | 990 | ReturnTypeCd |
| Tax Period Begin | 2017-07-01 | TaxPeriodBeginDt |
Filer Filer
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 381945965 | EIN |
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVENPORT UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Control | DAVE | BusinessNameControlTxt |
| Phone | 6164513511 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6191 KRAFT AVE SE | AddressLine1Txt |
| City | GRAND RAPIDS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49512 | ZIPCd |
Business Officer BusinessOfficerGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | MICHAEL S VOLK | PersonNm |
| Person Title | EXECUTIVE VP FOR FINANCE AND CFO | PersonTitleTxt |
| Phone | 6164513511 | PhoneNum |
| Signature | 2019-04-24 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | VICKI L VANDENBERG CPA | PreparerPersonNm |
| PTIN | P00100422 | PTIN |
| Phone | 2695674500 | PhoneNum |
| Preparation | 2019-04-24 | PreparationDt |
Filing Security Information FilingSecurityInformation
IP Address IPAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| I Pv4 Address | 67.59.56.31 | IPv4AddressTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IP | 2019-04-24 | IPDt |
| IP Tm | 10:33:46 | IPTm |
| IP Timezone | ED | IPTimezoneCd |
| Filing License Type | P | FilingLicenseTypeCd |
| At Submission Creation Device Id | DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 | AtSubmissionCreationDeviceId |
| At Submission Filing Device Id | 58F74DC53CB874483B207ADF23CD6921384352E9 | AtSubmissionFilingDeviceId |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2017 | TaxYr |
| Build TS | 2019-02-21 02:37:17Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | MICHAEL S VOLK | PrincipalOfficerNm |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6191 KRAFT AVE SE | AddressLine1Txt |
| City | GRAND RAPIDS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49512 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Receipts | $149,639,228 | GrossReceiptsAmt |
| Group Return For Affiliates | 0 | GroupReturnForAffiliatesInd |
| Organization501c3 | Yes (X) | Organization501c3Ind |
| Website Address | WWW.DAVENPORT.EDU | WebsiteAddressTxt |
| Type Of Organization Corp | Yes (X) | TypeOfOrganizationCorpInd |
| Formation | 1970 | FormationYr |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Activity Or Mission | POST-SECONDARY EDUCATIONAL INSTITUTION PREPARING STUDENTS FOR CAREERS IN BUSINESS, HEALTH, AND TECHNOLOGY. QUALITY, CAREER-ORIENTED ACADEMIC PROGRAMS ARE OFFERED THROUGHOUT THE MAIN CAMPUS IN GRAND RAPIDS AND OTHER CAMPUSES THROUGHOUT MICHIGAN. | ActivityOrMissionDesc |
| Voting Members Governing Body | 11 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 9 | VotingMembersIndependentCnt |
| Total Employee | 1840 | TotalEmployeeCnt |
| Total Volunteers | 9 | TotalVolunteersCnt |
| Total Gross UBI | $24,000 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $23,000 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $8,193,061 | PYContributionsGrantsAmt |
| CY Contributions Grants | $2,237,090 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $111,943,327 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $111,320,821 | CYProgramServiceRevenueAmt |
| PY Investment Income | $282,963 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,409,455 | CYInvestmentIncomeAmt |
| PY Other Revenue | $7,248,227 | PYOtherRevenueAmt |
| CY Other Revenue | $7,270,800 | CYOtherRevenueAmt |
| PY Total Revenue | $127,667,578 | PYTotalRevenueAmt |
| CY Total Revenue | $122,238,166 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $34,117,135 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $31,300,735 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $53,464,796 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $52,452,333 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $1,126,952 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $39,785,656 | PYOtherExpensesAmt |
| CY Other Expenses | $42,397,122 | CYOtherExpensesAmt |
| PY Total Expenses | $127,367,587 | PYTotalExpensesAmt |
| CY Total Expenses | $126,150,190 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | $299,991 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$3,912,024 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $179,629,087 | TotalAssetsBOYAmt |
| Total Assets EOY | $171,834,577 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $73,486,543 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $73,814,710 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $106,142,544 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $98,019,867 | NetAssetsOrFundBalancesEOYAmt |
| Mission | DAVENPORT UNIVERSITY PREPARES INDIVIDUALS AND ORGANIZATIONS TO EXCEL IN THE KNOWLEDGE-DRIVEN ENVIRONMENT OF THE 21ST CENTURY. | MissionDesc |
| Significant New Program Srvc | 0 | SignificantNewProgramSrvcInd |
| Significant Change | 0 | SignificantChangeInd |
| Expense | $101,719,308 | ExpenseAmt |
| Grant | $31,300,735 | GrantAmt |
| Revenue | $116,821,613 | RevenueAmt |
| Desc | PROVIDE EDUCATION TO APPROXIMATELY 7,000 STUDENTS AT LOCATIONS THROUGHOUT MICHIGAN, INCLUDING OVER 3,000 COURSES AT THE UNDERGRADUATE AND GRADUATE LEVELS OF POST-SECONDARY EDUCATION IN BUSINESS, HEALTH, AND TECHNOLOGY. | Desc |
Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Expense | $1,280,572 | ExpenseAmt |
| Revenue | $1,641,582 | RevenueAmt |
| Desc | EDUCATING BUSINESS PROFESSIONALS THROUGH NON-CREDIT COURSES IN VARIOUS AREAS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $102,999,880 | TotalProgramServiceExpensesAmt |
| Described In Section501c3 | Yes (1) | DescribedInSection501c3Ind |
| Schedule B Required | Yes (1) | ScheduleBRequiredInd |
| Political Campaign Acty | 0 | PoliticalCampaignActyInd |
| Lobbying Activities | 0 | LobbyingActivitiesInd |
| Subject To Proxy Tax | 0 | SubjectToProxyTaxInd |
| Donor Advised Fund | 0 | DonorAdvisedFundInd |
| Conservation Easements | 0 | ConservationEasementsInd |
| Collections Of Art | 0 | CollectionsOfArtInd |
| Credit Counseling | 0 | CreditCounselingInd |
| Temp Or Permanent Endowments | 0 | TempOrPermanentEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | 0 | ReportOtherAssetsInd |
| Report Other Liabilities | Yes (1) | ReportOtherLiabilitiesInd |
| Include FIN48 Footnote | 0 | IncludeFIN48FootnoteInd |
| Independent Audit Fincl Stmt | 0 | IndependentAuditFinclStmtInd |
| Consolidated Audit Fincl Stmt | Yes (1) | ConsolidatedAuditFinclStmtInd |
| School Operating | Yes (1) | SchoolOperatingInd |
| Foreign Office | 0 | ForeignOfficeInd |
| Foreign Activities | Yes (1) | ForeignActivitiesInd |
| More Than5000 K To Org | 0 | MoreThan5000KToOrgInd |
| More Than5000 K To Individuals | Yes (1) | MoreThan5000KToIndividualsInd |
| Professional Fundraising | 0 | ProfessionalFundraisingInd |
| Fundraising Activities | 0 | FundraisingActivitiesInd |
| Gaming Activities | 0 | GamingActivitiesInd |
| Operate Hospital | 0 | OperateHospitalInd |
| Grants To Organizations | 0 | GrantsToOrganizationsInd |
| Grants To Individuals | Yes (1) | GrantsToIndividualsInd |
| Schedule J Required | Yes (1) | ScheduleJRequiredInd |
| Tax Exempt Bonds | Yes (1) | TaxExemptBondsInd |
| Invest Tax Exempt Bonds | 0 | InvestTaxExemptBondsInd |
| Escrow Account | 0 | EscrowAccountInd |
| On Behalf Of Issuer | 0 | OnBehalfOfIssuerInd |
| Engaged In Excess Benefit Trans | 0 | EngagedInExcessBenefitTransInd |
| PY Excess Benefit Trans | 0 | PYExcessBenefitTransInd |
| Loan Outstanding | Yes (1) | LoanOutstandingInd |
| Grant To Related Person | 0 | GrantToRelatedPersonInd |
| Business Rln With Org Mem | 0 | BusinessRlnWithOrgMemInd |
| Business Rln With Fam Mem | 0 | BusinessRlnWithFamMemInd |
| Business Rln With Officer Ent | Yes (1) | BusinessRlnWithOfficerEntInd |
| Deductible Non Cash Contri | Yes (1) | DeductibleNonCashContriInd |
| Deductible Art Contribution | 0 | DeductibleArtContributionInd |
| Terminate Operations | 0 | TerminateOperationsInd |
| Partial Liquidation | 0 | PartialLiquidationInd |
| Disregarded Entity | 0 | DisregardedEntityInd |
| Related Entity | Yes (1) | RelatedEntityInd |
| Related Organization Ctrl Ent | Yes (1) | RelatedOrganizationCtrlEntInd |
| Transaction With Control Ent | Yes (1) | TransactionWithControlEntInd |
| Trnsfr Exmpt Non Chrtbl Rltd Org | 0 | TrnsfrExmptNonChrtblRltdOrgInd |
| Activities Conducted Prtshp | 0 | ActivitiesConductedPrtshpInd |
| Schedule O Required | Yes (1) | ScheduleORequiredInd |
| IRP Document | 253 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1840 | EmployeeCnt |
| Employment Tax Returns Filed | Yes (1) | EmploymentTaxReturnsFiledInd |
| Unrelated Bus Incm Over Limit | Yes (1) | UnrelatedBusIncmOverLimitInd |
| Form990 T Filed | Yes (1) | Form990TFiledInd |
| Foreign Financial Account | 0 | ForeignFinancialAccountInd |
| Prohibited Tax Shelter Trans | 0 | ProhibitedTaxShelterTransInd |
| Taxable Party Notification | 0 | TaxablePartyNotificationInd |
| Nondeductible Contributions | 0 | NondeductibleContributionsInd |
| Quid Pro Quo Contributions | 0 | QuidProQuoContributionsInd |
| Form8282 Property Disposed Of | 0 | Form8282PropertyDisposedOfInd |
| Rcv Fnds To Pay Prsnl Bnft Cntrct | 0 | RcvFndsToPayPrsnlBnftCntrctInd |
| Pay Premiums Prsnl Bnft Cntrct | 0 | PayPremiumsPrsnlBnftCntrctInd |
| Indoor Tanning Services | 0 | IndoorTanningServicesInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 11 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 9 | IndependentVotingMemberCnt |
| Family Or Business Rln | 0 | FamilyOrBusinessRlnInd |
| Delegation Of Mgmt Duties | 0 | DelegationOfMgmtDutiesInd |
| Change To Org Documents | 0 | ChangeToOrgDocumentsInd |
| Material Diversion Or Misuse | 0 | MaterialDiversionOrMisuseInd |
| Members Or Stockholders | 0 | MembersOrStockholdersInd |
| Election Of Board Members | 0 | ElectionOfBoardMembersInd |
| Decisions Subject To Approva | 0 | DecisionsSubjectToApprovaInd |
| Minutes Of Governing Body | Yes (1) | MinutesOfGoverningBodyInd |
| Minutes Of Committees | Yes (1) | MinutesOfCommitteesInd |
| Officer Mailing Address | 0 | OfficerMailingAddressInd |
| Local Chapters | 0 | LocalChaptersInd |
| Form990 Provided To Gvrn Body | Yes (1) | Form990ProvidedToGvrnBodyInd |
| Conflict Of Interest Policy | Yes (1) | ConflictOfInterestPolicyInd |
| Annual Disclosure Covered Prsn | Yes (1) | AnnualDisclosureCoveredPrsnInd |
| Regular Monitoring Enfrc | Yes (1) | RegularMonitoringEnfrcInd |
| Whistleblower Policy | Yes (1) | WhistleblowerPolicyInd |
| Document Retention Policy | Yes (1) | DocumentRetentionPolicyInd |
| Compensation Process CEO | Yes (1) | CompensationProcessCEOInd |
| Compensation Process Other | Yes (1) | CompensationProcessOtherInd |
| Investment In Joint Venture | 0 | InvestmentInJointVentureInd |
| States Where Copy Of Return Is Fld | MI | StatesWhereCopyOfReturnIsFldCd |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | MICHAEL S VOLK EXECUTIVE VP FOR FINANCE AND CFO | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Phone | 6164513511 | PhoneNum |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6191 KRAFT AVE SE | AddressLine1Txt |
| City | GRAND RAPIDS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49512 | ZIPCd |
Form990 Part VII Section A Form990PartVIISectionAGrp (20 entries)
| TitleTitleTxt | Average Hours Per WeekAverageHoursPerWeekRt | Average Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt | Individual Trustee Or DirectorIndividualTrusteeOrDirectorInd | OfficerOfficerInd | Reportable Comp From OrgReportableCompFromOrgAmt | Reportable Comp From Rltd OrgReportableCompFromRltdOrgAmt | Other CompensationOtherCompensationAmt | Key EmployeeKeyEmployeeInd | Highest Compensated EmployeeHighestCompensatedEmployeeInd |
|---|---|---|---|---|---|---|---|---|---|
| RICHARD PAPPAS | |||||||||
| PRESIDENT | 40.00 | 1.00 | Yes (X) | Yes (X) | $635,073 | $0 | $260,501 | ||
| FRANK MERLOTTI | |||||||||
| CHAIRMAN | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| KENNETH YERRICK | |||||||||
| VICE-CHAIRMAN | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | ||
| PAULA CUNNINGHAM | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| RAMI FAWAZ | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| TRACY GRAHAM | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| DOYLE HAYES | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| ROBERT HETZLER | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| WILBUR LETTINGA | |||||||||
| TRUSTEE | 1.00 | 1.00 | Yes (X) | $0 | $0 | $0 | |||
| MARY TUUK | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHELLE VANDYKE | |||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| FRANCO BIANCHI | |||||||||
| TRUSTEE - PART YEAR | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | |||
| MICHAEL VOLK | |||||||||
| TREASURER/SECRETARY/EVP FOR FINANCE | 40.00 | 1.00 | Yes (X) | $343,038 | $0 | $95,247 | |||
| LINDA RINKER | |||||||||
| EVP FOR ACADEMICS AND PROVOST | 40.00 | 0.00 | $326,727 | $0 | $72,078 | Yes (X) | |||
| WALTER O'NEILL | |||||||||
| EVP FOR ENROLLMENT AND STUDENT SVC | 40.00 | 0.00 | $259,974 | $0 | $83,878 | Yes (X) | |||
| DAVID VENEKLASE | |||||||||
| EVP FOR ORGANIZATIONAL DEVELOPMENT | 40.00 | 0.00 | $280,334 | $0 | $89,436 | Yes (X) | |||
| SCOTT EPSTEIN | |||||||||
| EVP FOR QUALITY AND EFFECTIVENESS | 40.00 | 0.00 | $265,694 | $0 | $86,379 | Yes (X) | |||
| PEG LUY | |||||||||
| EVP FOR ALUMNI AND DEVELOPMENT | 40.00 | 1.00 | $259,435 | $0 | $62,758 | Yes (X) | |||
| PAMELA IMPERATO | |||||||||
| DEAN COLLEGE OF BUSINESS, TECHNOLOGY | 40.00 | 0.00 | $211,644 | $0 | $36,163 | Yes (X) | |||
| DAVID LAWRENCE | |||||||||
| VP FOR ADMISSIONS, STRATEGIC PARTNER | 40.00 | 0.00 | $210,662 | $0 | $39,044 | Yes (X) | |||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $2,792,581 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $825,484 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 34 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | 0 | FormerOfcrEmployeesListedInd |
| Total Comp Greater Than150 K | Yes (1) | TotalCompGreaterThan150KInd |
| Compensation From Other Srcs | 0 | CompensationFromOtherSrcsInd |
Contractor Compensation ContractorCompensationGrp (5 entries)
| Address Line1ContractorAddress/USAddress/AddressLine1Txt | CityContractorAddress/USAddress/CityNm | State AbbreviationContractorAddress/USAddress/StateAbbreviationCd | ZIPContractorAddress/USAddress/ZIPCd | ServicesServicesDesc | CompensationCompensationAmt |
|---|---|---|---|---|---|
| RDG LIVONIA LLC | |||||
| 5540 GLENWOOD HILLS PKWY SE | GRAND RAPIDS | MI | 49512 | BUILDING RENT | $1,018,357 |
| DU APARTMENTS LLC | |||||
| 5625 PRAIRIE CREEK DRIVE SUITE 100 | CALEDONIA | MI | 49316 | BUILDING RENT | $715,652 |
| KRAFT 60TH LLC | |||||
| 5625 PRAIRIE CREEK DRIVE SUITE 100 | CALEDONIA | MI | 49316 | BUILDING RENT | $582,297 |
| ELLUCIAN COMPANY LP | |||||
| 4375 FAIR LAKES CT | FAIRFAX | VA | 22033 | INFORMATION TECHNOLOGY | $392,037 |
| 45 OTTAWA ASSOCIATES LLC | |||||
| 601 FIRST STREET NW | GRAND RAPIDS | MI | 49504 | BUILDING RENT | $346,799 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 15 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $1,211,532 | RelatedOrganizationsAmt |
| Government Grants | $995,317 | GovernmentGrantsAmt |
| All Other Contributions | $30,241 | AllOtherContributionsAmt |
| Noncash Contributions | $39,574 | NoncashContributionsAmt |
| Total Contributions | $2,237,090 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION/STUDENT FEES | 611600 | $109,679,239 | $109,679,239 |
| NON-CREDIT COURSE FEES | 611710 | $1,641,582 | $1,641,582 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $111,320,821 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $596,229 | TotalRevenueColumnAmt |
| Exclusion | $596,229 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $12,338 | RealAmt |
| Personal | $24,000 | PersonalAmt |
Less Rental Expenses LessRentalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $0 | RealAmt |
| Personal | $0 | PersonalAmt |
Rental Income Or Loss RentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $12,338 | RealAmt |
| Personal | $24,000 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $36,338 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $24,000 | UnrelatedBusinessRevenueAmt |
| Exclusion | $12,338 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $26,459,783 | SecuritiesAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $25,559,256 | SecuritiesAmt |
| Other | $87,301 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $900,527 | SecuritiesAmt |
| Other | -$87,301 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $813,226 | TotalRevenueColumnAmt |
| Exclusion | $813,226 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $8,896,879 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $1,754,505 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $7,142,374 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $7,142,374 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | OTHER INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $92,088 | TotalRevenueColumnAmt |
| Exclusion | $92,088 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $92,088 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $122,238,166 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $118,463,195 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $24,000 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,513,881 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $30,229,765 | TotalAmt |
| Program Services | $30,229,765 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,070,970 | TotalAmt |
| Program Services | $1,070,970 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,309,909 | TotalAmt |
| Program Services | $255,382 | ProgramServicesAmt |
| Management And General | $3,054,527 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $38,216,761 | TotalAmt |
| Program Services | $30,681,689 | ProgramServicesAmt |
| Management And General | $6,928,618 | ManagementAndGeneralAmt |
| Fundraising | $606,454 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,183,255 | TotalAmt |
| Program Services | $2,317,977 | ProgramServicesAmt |
| Management And General | $808,668 | ManagementAndGeneralAmt |
| Fundraising | $56,610 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,899,173 | TotalAmt |
| Program Services | $3,655,796 | ProgramServicesAmt |
| Management And General | $1,163,817 | ManagementAndGeneralAmt |
| Fundraising | $79,560 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,843,235 | TotalAmt |
| Program Services | $2,255,761 | ProgramServicesAmt |
| Management And General | $543,564 | ManagementAndGeneralAmt |
| Fundraising | $43,910 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $527,236 | TotalAmt |
| Program Services | $182,590 | ProgramServicesAmt |
| Management And General | $234,886 | ManagementAndGeneralAmt |
| Fundraising | $109,760 | FundraisingAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $241,874 | TotalAmt |
| Management And General | $241,874 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $140,361 | TotalAmt |
| Management And General | $140,361 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,950,346 | TotalAmt |
| Program Services | $2,110,250 | ProgramServicesAmt |
| Management And General | $1,812,526 | ManagementAndGeneralAmt |
| Fundraising | $27,570 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,517,016 | TotalAmt |
| Program Services | $4,298,596 | ProgramServicesAmt |
| Management And General | $119,746 | ManagementAndGeneralAmt |
| Fundraising | $98,674 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,260,502 | TotalAmt |
| Program Services | $1,068,614 | ProgramServicesAmt |
| Management And General | $132,707 | ManagementAndGeneralAmt |
| Fundraising | $59,181 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,876,188 | TotalAmt |
| Program Services | $429,966 | ProgramServicesAmt |
| Management And General | $2,444,513 | ManagementAndGeneralAmt |
| Fundraising | $1,709 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $7,010,195 | TotalAmt |
| Program Services | $7,010,195 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,582,628 | TotalAmt |
| Program Services | $1,370,462 | ProgramServicesAmt |
| Management And General | $176,324 | ManagementAndGeneralAmt |
| Fundraising | $35,842 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $434,719 | TotalAmt |
| Program Services | $220,690 | ProgramServicesAmt |
| Management And General | $211,737 | ManagementAndGeneralAmt |
| Fundraising | $2,292 | FundraisingAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,913,738 | TotalAmt |
| Program Services | $1,913,738 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $9,798,260 | TotalAmt |
| Program Services | $9,798,260 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $835,325 | TotalAmt |
| Program Services | $818,972 | ProgramServicesAmt |
| Management And General | $16,353 | ManagementAndGeneralAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| ATHLETIC EXPENSE | $2,092,723 | $2,092,723 | ||
| BAD DEBTS | $1,574,211 | $1,574,211 | ||
| EQUIPMENT RENTAL AND MA | $1,507,791 | $140,733 | $1,367,058 | |
| TELECOMMUNICATIONS | $694,973 | $75,618 | $616,735 | $2,620 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,439,036 | TotalAmt |
| Program Services | $1,001,133 | ProgramServicesAmt |
| Management And General | $435,133 | ManagementAndGeneralAmt |
| Fundraising | $2,770 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $126,150,190 | TotalAmt |
| Program Services | $102,999,880 | ProgramServicesAmt |
| Management And General | $22,023,358 | ManagementAndGeneralAmt |
| Fundraising | $1,126,952 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,989,389 | BOYAmt |
| EOY | $1,795,539 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,615,611 | BOYAmt |
| EOY | $1,341,308 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,385,307 | BOYAmt |
| EOY | $3,029,351 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,772,025 | BOYAmt |
| EOY | $8,621,734 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $14,700 | BOYAmt |
| EOY | $4,000 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $707,053 | BOYAmt |
| EOY | $324,298 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,073,829 | BOYAmt |
| EOY | $979,963 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $209,019,410 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $82,485,321 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $133,083,227 | BOYAmt |
| EOY | $126,534,089 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $20,614,519 | BOYAmt |
| EOY | $25,093,284 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,373,427 | BOYAmt |
| EOY | $4,111,011 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $179,629,087 | BOYAmt |
| EOY | $171,834,577 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,635,360 | BOYAmt |
| EOY | $4,920,428 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,628,975 | BOYAmt |
| EOY | $6,951,311 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $57,259,969 | BOYAmt |
| EOY | $52,861,226 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,962,239 | BOYAmt |
| EOY | $9,081,745 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $73,486,543 | BOYAmt |
| EOY | $73,814,710 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows SFAS117 | Yes (X) | OrganizationFollowsSFAS117Ind |
Unrestricted Net Assets UnrestrictedNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $101,049,568 | BOYAmt |
| EOY | $94,312,725 | EOYAmt |
Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,092,866 | BOYAmt |
| EOY | $3,707,227 | EOYAmt |
Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $110 | BOYAmt |
| EOY | -$85 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $106,142,544 | BOYAmt |
| EOY | $98,019,867 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $179,629,087 | BOYAmt |
| EOY | $171,834,577 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$3,912,024 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | -$652,085 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$3,558,568 | OtherChangesInNetAssetsAmt |
| Info In Schedule O Part XII | Yes (X) | InfoInScheduleOPartXIIInd |
| Method Of Accounting Accrual | Yes (X) | MethodOfAccountingAccrualInd |
| Accountant Compile Or Review | 0 | AccountantCompileOrReviewInd |
| FS Audited | Yes (1) | FSAuditedInd |
FS Audited Basis FSAuditedBasisGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Consolidated Basis Fincl Stmt | Yes (X) | ConsolidatedBasisFinclStmtInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Audit Committee | Yes (1) | AuditCommitteeInd |
| Federal Grant Audit Required | Yes (1) | FederalGrantAuditRequiredInd |
| Federal Grant Audit Performed | Yes (1) | FederalGrantAuditPerformedInd |
Schedule A IRS990ScheduleA
| Field | Value | IRS element (for citing) |
|---|---|---|
| School | Yes (X) | SchoolInd |
Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,491,958 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,953,380 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,731,919 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,193,061 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,237,090 | CurrentTaxYearAmt |
| Total | $27,607,408 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,491,958 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $5,953,380 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $3,731,919 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $8,193,061 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $2,237,090 | CurrentTaxYearAmt |
| Total | $27,607,408 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $11,345,654 | SubstantialContributorsTotAmt |
| Public Support Total170 | $16,261,754 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $428,853 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $549,833 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $768,268 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $564,630 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $632,567 | CurrentTaxYearAmt |
| Total | $2,944,151 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $74,342 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $107,810 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $99,371 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $93,461 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $90,984 | CurrentTaxYearAmt |
| Total | $465,968 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $31,017,527 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $603,219,808 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.52430 | PublicSupportCY170Pct |
| Public Support PY170 | 0.54080 | PublicSupportPY170Pct |
| Thirty Thr Pct Suprt Tests CY170 | Yes (X) | ThirtyThrPctSuprtTestsCY170Ind |
Form990 Schedule A Part VI Form990ScheduleAPartVIGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: | FormAndLineReferenceDesc |
| Explanation | MISCELLANEOUS INCOME - 2013 AMOUNT: $ 74,342. 2014 AMOUNT: $ 107,810. 2015 AMOUNT: $ 99,371. 2016 AMOUNT: $ 93,461. 2017 AMOUNT: $ 90,984. | ExplanationTxt |
Schedule B IRS990ScheduleB
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,481,807 | OtherCostOrOtherBasisAmt |
| Book Value | $11,481,807 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $130,974,103 | OtherCostOrOtherBasisAmt |
| Depreciation | $33,670,157 | DepreciationAmt |
| Book Value | $97,303,946 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $24,741,279 | OtherCostOrOtherBasisAmt |
| Depreciation | $14,783,322 | DepreciationAmt |
| Book Value | $9,957,957 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $41,705,037 | OtherCostOrOtherBasisAmt |
| Depreciation | $34,031,842 | DepreciationAmt |
| Book Value | $7,673,195 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $117,184 | OtherCostOrOtherBasisAmt |
| Book Value | $117,184 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $126,534,089 | TotalBookValueLandBuildingsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| DEFERRED COMPENSATION AND SEVERANCE AGREEMENTS | $3,665,919 |
| CHARITABLE REMAINDER TRUST LIABILITY | $150,542 |
| POSTRETIREMENT OBLIGATIONS | $738,584 |
| DISCONTINUED OPERATIONS LIABILITY | $4,526,700 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $9,081,745 | TotalLiabilityAmt |
| Total Rev Etc Audited Fincl Stmt | $106,766,583 | TotalRevEtcAuditedFinclStmtAmt |
| Net Unrealized Gains Invst | -$652,085 | NetUnrealizedGainsInvstAmt |
| Donated Services And Use Fclts | $213,206 | DonatedServicesAndUseFcltsAmt |
| Other Revenue | -$14,676,231 | OtherRevenueAmt |
| Revenue Not Reported | -$15,115,110 | RevenueNotReportedAmt |
| Revenue Subtotal | $121,881,693 | RevenueSubtotalAmt |
| Other Revenues Not Included | $356,473 | OtherRevenuesNotIncludedAmt |
| Revenue Not Reported Fincl Stmt | $356,473 | RevenueNotReportedFinclStmtAmt |
| Total Revenue Per Form990 | $122,238,166 | TotalRevenuePerForm990Amt |
| Tot Expns Etc Audited Fincl Stmt | $109,694,527 | TotExpnsEtcAuditedFinclStmtAmt |
| Donated Services Use Fclts | $213,206 | DonatedServicesUseFcltsAmt |
| Other Expenses Included | -$16,312,396 | OtherExpensesIncludedAmt |
| Expenses Not Reported | -$16,099,190 | ExpensesNotReportedAmt |
| Expenses Subtotal | $125,793,717 | ExpensesSubtotalAmt |
| Other Expenses Not Included | $356,473 | OtherExpensesNotIncludedAmt |
| Expenses Not Rpt Fincl Stmt | $356,473 | ExpensesNotRptFinclStmtAmt |
| Total Expenses Per Form990 | $126,150,190 | TotalExpensesPerForm990Amt |
Supplemental Information Detail SupplementalInformationDetail (4 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART XI, LINE 2D - OTHER ADJUSTMENTS: | CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 561,892. TUITION DISCOUNTS -15,238,123. |
| PART XI, LINE 4B - OTHER ADJUSTMENTS: | FOUNDATION CONTRIBUTIONS FOR SCHOLARSHIPS 1,211,532. COST OF GOODS SOLD -1,754,505. REVERSAL OF INTERCOMPANY ELIMINATION 899,446. |
| PART XII, LINE 2D - OTHER ADJUSTMENTS: | TUITION DISCOUNTS -15,238,123. CHANGE IN INTEREST RATE SWAP AGREEMENT -1,075,975. ROUNDING 1,702. |
| PART XII, LINE 4B - OTHER ADJUSTMENTS: | COST OF GOODS SOLD -1,754,505. FOUNDATION CONTRIBUTIONS FOR SCHOLARSHIPS 1,211,532. REVERSAL OF INTERCOMPANY ELIMINATION 899,446. |
Schedule E IRS990ScheduleE
| Field | Value | IRS element (for citing) |
|---|---|---|
| Nondiscriminatory Policy Stmt | Yes (1) | NondiscriminatoryPolicyStmtInd |
| Policy Stmt In Brochures Etc | Yes (1) | PolicyStmtInBrochuresEtcInd |
| Plcy Pblczd Via Broadcast Media | Yes (1) | PlcyPblczdViaBroadcastMediaInd |
| Maintain Racial Comp Recs | Yes (1) | MaintainRacialCompRecsInd |
| Maintain Scholarships Recs | Yes (1) | MaintainScholarshipsRecsInd |
| Maintain Cpy Of Brochures Etc | Yes (1) | MaintainCpyOfBrochuresEtcInd |
| Maintain Cpy Of All Sol | Yes (1) | MaintainCpyOfAllSolInd |
| Discriminate Race Stdnts Rghts | 0 | DiscriminateRaceStdntsRghtsInd |
| Discriminate Race Admiss Plcy | 0 | DiscriminateRaceAdmissPlcyInd |
| Discriminate Race Emplm Fculty | 0 | DiscriminateRaceEmplmFcultyInd |
| Discriminate Race Schs | 0 | DiscriminateRaceSchsInd |
| Discriminate Race Educ Plcy | 0 | DiscriminateRaceEducPlcyInd |
| Discriminate Race Use Of Fclts | 0 | DiscriminateRaceUseOfFcltsInd |
| Discriminate Race Athlt Prog | 0 | DiscriminateRaceAthltProgInd |
| Discriminate Race Other Acty | 0 | DiscriminateRaceOtherActyInd |
| Government Financial Aid Rcvd | Yes (1) | GovernmentFinancialAidRcvdInd |
| Government Financial Aid Rvkd | 0 | GovernmentFinancialAidRvkdInd |
| Compliance With Rev Proc7550 | Yes (1) | ComplianceWithRevProc7550Ind |
Supplemental Information Detail SupplementalInformationDetail (2 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE E, PART I, LINE 3 | RACIALLY NONDISCRIMINATORY POLICY STATEMENT IS INCLUDED ON VARIOUS PUBLICITY & POLICY STATEMENTS, INCLUDING OUR WEBSITE, COURSE CATALOG, AND ENROLLMENT CATALOG. |
| SCHEDULE E, PART I, LINE 6 | STUDENT FINANCIAL AID FOR TUITION CHARGES |
Schedule F IRS990ScheduleF
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | 0 | GrantRecordsMaintainedInd |
Account Activities Outside US AccountActivitiesOutsideUSGrp (10 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD PROGRAM | $32,464 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | PROGRAM SERVICES | STUDY ABROAD PROGRAM | $143,217 |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | SCHOLARSHIPS | N/A | $87,302 |
| EAST ASIA AND THE PACIFIC | 0 | 0 | SCHOLARSHIPS | N/A | $64,911 |
| EUROPE (INCLUDING ICELAND & GREENLAND) | 0 | 0 | SCHOLARSHIPS | N/A | $321,611 |
| NORTH AMERICA | 0 | 0 | SCHOLARSHIPS | N/A | $389,974 |
| RUSSIA AND NEIGHBORING STATES | 0 | 0 | SCHOLARSHIPS | N/A | $4,500 |
| SOUTH AMERICA | 0 | 0 | SCHOLARSHIPS | N/A | $11,436 |
| SOUTH ASIA | 0 | 0 | SCHOLARSHIPS | N/A | $11,500 |
| SUB-SAHARAN AFRICA | 0 | 0 | SCHOLARSHIPS | N/A | $179,736 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Subtotal Offices | 0 | SubtotalOfficesCnt |
| Subtotal Employees | 0 | SubtotalEmployeesCnt |
| Continuation Total Office | 0 | ContinuationTotalOfficeCnt |
| Continuation Total Employee | 0 | ContinuationTotalEmployeeCnt |
| Total Office | 0 | TotalOfficeCnt |
| Total Employee | 0 | TotalEmployeeCnt |
| Subtotal Spent | $1,055,415 | SubtotalSpentAmt |
| Continuation Spent | $191,236 | ContinuationSpentAmt |
| Total Spent | $1,246,651 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (8 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt |
|---|---|---|---|---|
| SCHOLARSHIPS | CENTRAL AMERICA AND THE CARIBBEAN | 5 | $87,302 | APPLIED AGAINST STUDENT'S TUITION ACCOUNT |
| SCHOLARSHIPS | EAST ASIA AND THE PACIFIC | 10 | $64,911 | APPLIED AGAINST STUDENT'S TUITION ACCOUNT |
| SCHOLARSHIPS | EUROPE (INCLUDING ICELAND & GREENLAND) | 21 | $321,611 | APPLIED AGAINST STUDENT'S TUITION ACCOUNT |
| SCHOLARSHIPS | NORTH AMERICA | 80 | $389,974 | APPLIED AGAINST STUDENT'S TUITION ACCOUNT |
| SCHOLARSHIPS | RUSSIA AND NEIGHBORING STATES | 2 | $4,500 | APPLIED AGAINST STUDENT'S TUITION ACCOUNT |
| SCHOLARSHIPS | SOUTH AMERICA | 1 | $11,436 | APPLIED AGAINST STUDENT'S TUITION ACCOUNT |
| SCHOLARSHIPS | SOUTH ASIA | 9 | $11,500 | APPLIED AGAINST STUDENT'S TUITION ACCOUNT |
| SCHOLARSHIPS | SUB-SAHARAN AFRICA | 17 | $179,736 | APPLIED AGAINST STUDENT'S TUITION ACCOUNT |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Transfer To Foreign Corp | 0 | TransferToForeignCorpInd |
| Interest In Foreign Trust | 0 | InterestInForeignTrustInd |
| Foreign Corp Ownership | 0 | ForeignCorpOwnershipInd |
| Passive Foreign Investmest Co | 0 | PassiveForeignInvestmestCoInd |
| Foreign Partnership | 0 | ForeignPartnershipInd |
| Boycott Countries | 0 | BoycottCountriesInd |
Schedule I IRS990ScheduleI
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Records Maintained | Yes (1) | GrantRecordsMaintainedInd |
Grants Other Asst To Indiv In US GrantsOtherAsstToIndivInUSGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Grant Type | SCHOLARSHIPS AND TUITION DISCOUNTS TO DAVENPORT UNIVERSITY STUDENTS | GrantTypeTxt |
| Recipient | 5911 | RecipientCnt |
| Cash Grant | $30,229,765 | CashGrantAmt |
| Valuation Method Used | N/A | ValuationMethodUsedDesc |
| Non Cash Assistance | N/A | NonCashAssistanceDesc |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, LINE 2: | FormAndLineReferenceDesc |
| Explanation | DAVENPORT UNIVERSITY PROVIDES FUNDING FOR STUDENT SCHOLARSHIPS AND TUITION DISCOUNTS BASED ON MERIT, FINANCIAL NEED, SPECIAL CRITERIA BASED ON RESTRICTED ENDOWMENT FUNDS, AND INFORMATION PROVIDED BY THE STUDENT ON THE SCHOLARSHIP APPLICATION. ALLOCATIONS ARE DETERMINED FOR EACH ACCOUNT BY THE ACCOUNTING AND ALUMNI AND DEVELOPMENT OFFICES AND DISTRIBUTED TO THE FINANCIAL AID OFFICER RESPONSIBLE FOR SCHOLARSHIPS. THE FINANCIAL AID OFFICE IS RESPONSIBLE FOR COMMUNICATING AWARD GUIDELINES, PROCEDURES, AND REQUIREMENTS, AS WELL AS AWARD AMOUNTS, TO ACCOUNTS RECEIVABLE AND OTHER DEPARTMENTS AS NECESSARY TO ENSURE THE ACCURACY OF THE AWARDS. IN ADDITION, THE FINANCIAL AID OFFICE IS RESPONSIBLE FOR ENSURING THAT AWARDS ARE MADE IN CONJUNCTION WITH THE SCHOLARSHIP CRITERIA AND AWARDED IN THE AMOUNT APPROVED BY THE ALUMNI AND DEVELOPMENT OFFICE. | ExplanationTxt |
Schedule J IRS990ScheduleJ
| Field | Value | IRS element (for citing) |
|---|---|---|
| Housing Allowance Or Residence | Yes (X) | HousingAllowanceOrResidenceInd |
| Club Dues Or Fees | Yes (X) | ClubDuesOrFeesInd |
| Written Policy Ref T And E Expnss | Yes (1) | WrittenPolicyRefTAndEExpnssInd |
| Substantiation Required | Yes (1) | SubstantiationRequiredInd |
| Compensation Committee | Yes (X) | CompensationCommitteeInd |
| Form990 Of Other Organizations | Yes (X) | Form990OfOtherOrganizationsInd |
| Compensation Survey | Yes (X) | CompensationSurveyInd |
| Board Or Committee Approval | Yes (X) | BoardOrCommitteeApprovalInd |
| Severance Payment | 0 | SeverancePaymentInd |
| Supplemental Nonqual Rtr Plan | Yes (1) | SupplementalNonqualRtrPlanInd |
| Equity Based Comp Arrngm | 0 | EquityBasedCompArrngmInd |
| Comp Based On Revenue Of Flng Org | 0 | CompBasedOnRevenueOfFlngOrgInd |
| Comp Bsd On Rev Related Orgs | 0 | CompBsdOnRevRelatedOrgsInd |
| Comp Bsd Net Earns Flng Org | 0 | CompBsdNetEarnsFlngOrgInd |
| Comp Bsd Net Earns Rltd Orgs | 0 | CompBsdNetEarnsRltdOrgsInd |
| Any Non Fixed Payments | Yes (1) | AnyNonFixedPaymentsInd |
| Initial Contract Exception | 0 | InitialContractExceptionInd |
Rltd Org Officer Trst Key Empl RltdOrgOfficerTrstKeyEmplGrp (9 entries)
| TitleTitleTxt | Base Compensation Filing OrgBaseCompensationFilingOrgAmt | Compensation Based On Rltd OrgsCompensationBasedOnRltdOrgsAmt | Bonus Filing OrganizationBonusFilingOrganizationAmount | Bonus Related OrganizationsBonusRelatedOrganizationsAmt | Other Compensation Filing OrgOtherCompensationFilingOrgAmt | Other Compensation Rltd OrgsOtherCompensationRltdOrgsAmt | Deferred Compensation Flng OrgDeferredCompensationFlngOrgAmt | Deferred Comp Rltd OrgsDeferredCompRltdOrgsAmt | Nontaxable Benefits Filing OrgNontaxableBenefitsFilingOrgAmt | Nontaxable Benefits Rltd OrgsNontaxableBenefitsRltdOrgsAmt | Total Compensation Filing OrgTotalCompensationFilingOrgAmt | Total Compensation Rltd OrgsTotalCompensationRltdOrgsAmt | Comp Report Prior990 Filing OrgCompReportPrior990FilingOrgAmt | Comp Report Prior990 Rltd OrgsCompReportPrior990RltdOrgsAmt |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| RICHARD PAPPAS | ||||||||||||||
| PRESIDENT | $362,743 | $0 | $176,134 | $0 | $96,196 | $0 | $244,685 | $0 | $15,816 | $0 | $895,574 | $0 | $0 | $0 |
| MICHAEL VOLK | ||||||||||||||
| TREASURER/SECRETARY/EVP FOR FINANCE | $233,904 | $0 | $95,152 | $0 | $13,982 | $0 | $76,884 | $0 | $18,363 | $0 | $438,285 | $0 | $0 | $0 |
| LINDA RINKER | ||||||||||||||
| EVP FOR ACADEMICS AND PROVOST | $225,636 | $0 | $90,595 | $0 | $10,496 | $0 | $58,995 | $0 | $13,083 | $0 | $398,805 | $0 | $0 | $0 |
| WALTER O'NEILL | ||||||||||||||
| EVP FOR ENROLLMENT AND STUDENT SVC | $169,755 | $0 | $68,775 | $0 | $21,444 | $0 | $65,762 | $0 | $18,116 | $0 | $343,852 | $0 | $0 | $0 |
| DAVID VENEKLASE | ||||||||||||||
| EVP FOR ORGANIZATIONAL DEVELOPMENT | $191,431 | $0 | $79,151 | $0 | $9,752 | $0 | $71,233 | $0 | $18,203 | $0 | $369,770 | $0 | $0 | $0 |
| SCOTT EPSTEIN | ||||||||||||||
| EVP FOR QUALITY AND EFFECTIVENESS | $183,791 | $0 | $70,045 | $0 | $11,858 | $0 | $68,267 | $0 | $18,112 | $0 | $352,073 | $0 | $0 | $0 |
| PEG LUY | ||||||||||||||
| EVP FOR ALUMNI AND DEVELOPMENT | $170,847 | $0 | $70,508 | $0 | $18,080 | $0 | $49,802 | $0 | $12,956 | $0 | $322,193 | $0 | $0 | $0 |
| PAMELA IMPERATO | ||||||||||||||
| DEAN COLLEGE OF BUSINESS, TECHNOLOGY | $183,847 | $0 | $25,663 | $0 | $2,134 | $0 | $19,906 | $0 | $16,257 | $0 | $247,807 | $0 | $0 | $0 |
| DAVID LAWRENCE | ||||||||||||||
| VP FOR ADMISSIONS, STRATEGIC PARTNER | $182,071 | $0 | $28,440 | $0 | $151 | $0 | $20,920 | $0 | $18,124 | $0 | $249,706 | $0 | $0 | $0 |
Supplemental Information Detail SupplementalInformationDetail (3 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| PART I, LINE 1A | HOUSING ALLOWANCE IS PROVIDED TO CERTAIN EMPLOYEES WHO RECEIVED HOUSING LOANS. INTEREST IS CHARGED AT APPLICABLE IRS RATES AND INCLUDED IN EMPLOYEES' W-2 GROSS INCOME. IN ADDITION, RICHARD PAPPAS IS PAID A MONTHLY HOUSING ALLOWANCE, WHICH TOTALED $30,000.00 AND IS INCLUDED IN HIS GROSS INCOME. CERTAIN EMPLOYEES HAVE CLUB DUES PAID ON THEIR BEHALF FOR WORK RELATED FUNCTIONS. |
| PART I, LINE 4B | THE FOLLOWING INDIVUDUALS PARTICIPATE IN A NONQUALIFIED 457(F) DEFERRED COMPENSATION PLAN AND HAD THE FOLLOWING AMOUNTS CONTRIBUTED TO THE PLAN FOR THE YEAR REPORTED: RICHARD PAPPAS, $57,782; MICHAEL VOLK, $33,604; LINDA RINKER, $31,995; WALTER O'NEILL, $24,741; DAVE VENEKLASE, $27,953; SCOTT EPSTEIN, $25,993; PEG LUY, $24,901. IN ADDITION, THE FOLLOWING ALSO PARTICIPATE IN A NONQUALIFIED DEFERRED COMPENSATION PLAN THAT INCLUDES CERTAIN RETENTION BONUSES TO BE PAID IF THEY REMAIN EMPLOYED BY THE UNIVERSITY THROUGH CERTAIN SERVICE DATES. DEFERRED COMPENSATION IN THE AMOUNTS OF $159,903 FOR RICHARD PAPPAS; $16,280 FOR MICHAEL VOLK; $16,280 FOR WALTER O'NEILL; $16,280 FOR DAVE VENEKLASE; AND $16,280 FOR SCOTT EPSTEIN ARE INCLUDED IN THEIR TOTAL COMPENSATION REPORTED ON SCHEDULE J UNDER THIS PLAN. |
| PART I, LINE 7 | AS INDICATED IN SCHEDULE J, PART II, SEVERAL INDIVIDUALS RECEIVED A BONUS BASED ON PERFORMANCE AND THE FINANCIAL RESULTS OF THE ORGANIZATION. THE PRESIDENT'S BONUS IS REVIEWED AND APPROVED BY THE EXECUTIVE COMMITTEE AND ALSO THE ENTIRE BOARD. ALL OTHER BONUSES PAID OUT ARE REVIEWED BY THE PRESIDENT. |
Schedule K IRS990ScheduleK
Tax Exempt Bonds Issues TaxExemptBondsIssuesGrp (4 entries)
| Bond ReferenceBondReferenceCd | Bond Issuer EINBondIssuerEIN | CUSIPCUSIPNum | Bond IssuedBondIssuedDt | Issue PriceIssuePriceAmt | PurposePurposeDesc | DefeasedDefeasedInd | On Behalf Of IssuerOnBehalfOfIssuerInd | Pool FinancingPoolFinancingInd |
|---|---|---|---|---|---|---|---|---|
| MICHIGAN FINANCE AUTHORITY | ||||||||
| A | 800596186 | NONEAVAIL | 2010-12-29 | $30,000,000 | SEE PART VI | 0 | 0 | 0 |
| MICHIGAN FINANCE AUTHORITY | ||||||||
| B | 800596186 | NONEAVAIL | 2012-07-26 | $12,950,000 | SEE PART VI | 0 | 0 | 0 |
| MICHIGAN FINANCE AUTHORITY | ||||||||
| C | 800596186 | NONEAVAIL | 2015-08-13 | $14,305,000 | SEE PART VI | 0 | 0 | 0 |
| MICHIGAN FINANCE AUTHORITY | ||||||||
| D | 800596186 | NONEAVAIL | 2017-03-21 | $7,333,000 | SEE PART VI | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (4 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Current RefundingCurrentRefundingInd | Advance RefundingAdvanceRefundingInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt | Capital ExpendituresCapitalExpendituresAmt | Substantial CompletionSubstantialCompletionYr |
|---|---|---|---|---|---|---|---|---|---|---|
| A | $10,935,000 | $30,000,000 | $30,000,000 | Yes (1) | 0 | Yes (1) | Yes (1) | |||
| B | $2,595,000 | $12,950,000 | 0 | 0 | Yes (1) | Yes (1) | $200,735 | $12,749,265 | 2013 | |
| C | $380,000 | $14,312,339 | 0 | 0 | Yes (1) | Yes (1) | $203,051 | $14,109,288 | 2016 | |
| D | $1,115,774 | $7,333,000 | $7,188,000 | Yes (1) | 0 | Yes (1) | Yes (1) | $145,000 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (4 entries)
| Bond ReferenceBondReferenceCd | Owning Bond Financed PropertyOwningBondFinancedPropertyInd | Any Lease ArrangementsAnyLeaseArrangementsInd | Mgmt Contract Bond Fincd PropMgmtContractBondFincdPropInd | Engage Bond Counsel ContractsEngageBondCounselContractsInd | Any Research AgreementsAnyResearchAgreementsInd | Private Bus Use By OthersPrivateBusUseByOthersPct | Private Bus Concerning UBIPrivateBusConcerningUBIPct | Total Private Business UseTotalPrivateBusinessUsePct | Bond Iss Meet Prvt Sec Pymt TestBondIssMeetPrvtSecPymtTestInd | Change In Use Bond Financed PropChangeInUseBondFinancedPropInd | Procs Nonqualified Bond RemdtdProcsNonqualifiedBondRemdtdInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| A | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
| B | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
| C | 0 | 0 | Yes (1) | Yes (1) | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
| D | 0 | Yes (1) | Yes (1) | Yes (1) | 0 | 0.00460 | 0.00000 | 0.00460 | 0 | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (4 entries)
| Bond ReferenceBondReferenceCd | Form8038 T FiledForm8038TFiledInd | Rebate Not Due YetRebateNotDueYetInd | Exception To RebateExceptionToRebateInd | No Rebate DueNoRebateDueInd | Variable Rate IssueVariableRateIssueInd | Hedge Identified In Bks And RecHedgeIdentifiedInBksAndRecInd | Gross Proceeds Invested In GICGrossProceedsInvestedInGICInd | Gross Proceeds InvestedGrossProceedsInvestedInd | Written Proc To Monitor ReqsWrittenProcToMonitorReqsInd | Term Of HedgeTermOfHedgePct | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| (no name) | ||||||||||||
| A | 0 | 0 | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | 0 | |||
| (no name) | ||||||||||||
| B | 0 | 0 | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | 0 | |||
| FIFTH THIRD BANK | ||||||||||||
| C | 0 | Yes (1) | Yes (1) | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 10.000000000000 | 0 | 0 |
| (no name) | ||||||||||||
| D | 0 | Yes (1) | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | 0 | |||
Procedures Corrective Action ProceduresCorrectiveActionGrp (4 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | 0 |
| B | 0 |
| C | 0 |
| D | 0 |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE K, PART I, ROW A, BOND ISSUES: | (F) DESCRIPTION OF PURPOSE: REFUND 100% OF BONDS ISSUED 8/29/2002 AND 6/19/2004 AND A PORTION OF BONDS ISSUED 8/7/2008. |
| SCHEDULE K, PART I, ROW B, BOND ISSUES: | (F) DESCRIPTION OF PURPOSE: ACQUIRE LAND, EXISTING BUILDING AND PARKING LOT, AND RENOVATE, EQUIP AND FURNISH BUILDING; CONSTRUCT, EQUIP AND FURNISH NEW ATHLETIC COMPLEX AND PARKING FACILITIES. |
| SCHEDULE K, PART I, ROW C, BOND ISSUES: | (F) DESCRIPTION OF PURPOSE: CONSTRUCT, EQUIP AND FURNISH ATHLETIC FACILITIES, SUPPORT FACILITIES AND PARKING FACILITIES; BUILDING WITH PRESSBOX; SPECTATOR SEATING. |
| SCHEDULE K, PART I, ROW D, BOND ISSUES: | (F) DESCRIPTION OF PURPOSE: REFUND 100% OF OUTSTANDING BONDS ISSUED 01/19/2006 AND 08/07/2008. |
| SCHEDULE K, PART II, LINE 3: | (C) TOTAL PROCEEDS INCLUDE INVESTMENT PROCEEDS OF $7,339.42. |
| SCHEDULE K, PART III, COLUMN A: | PART III COLUMN A IS NOT COMPLETED FOR THE PORTION OF THE SERIES 2010 BONDS ALLOCATED TO REFUND THE MICHIGAN HIGHER EDUCATION FACILITIES AUTHORITY VARIABLE RATE DEMAND LIMITED OBLIGATION REVENUE BONDS, SERIES 2002 (DAVENPORT UNIVERSITY PROJECT), DATED AUGUST 29, 2002 (I.E., BONDS ISSUED PRIOR TO JANUARY 1, 2003). |
| SCHEDULE K, PART III, COLUMN D, LINE 2: | THE LEASE AGREEMENTS ARE FOR LAUNDRY MACHINES IN STUDENT HOUSING FACILITIES AND CONSTITUTE INCIDENTAL USE UNDER TREAS. REG. SEC. 1.141-3(D)(5). |
| SCHEDULE K, PART III, LINE 3A: | THE MANAGEMENT AGREEMENTS QUALIFY FOR THE SAFE HARBOR UNDER REV. PROC. 97-13. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | PAMELA IMPERATO | PersonNm |
| Relationship With Org | DEAN, COLLEGE OF BUSINESS AND COLLEGE OF TECHNOLOGY | RelationshipWithOrgTxt |
| Loan Purpose | HOUSING ADVANCE | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $10,000 | OriginalPrincipalAmt |
| Balance Due | $4,000 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | Yes (1) | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $4,000 | TotalBalanceDueAmt |
Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (3 entries)
| Relationship DescriptionRelationshipDescriptionTxt | TransactionTransactionAmt | TransactionTransactionDesc | Sharing Of RevenuesSharingOfRevenuesInd |
|---|---|---|---|
| WILBUR LETTINGA | |||
| TRUSTEE | $120,450 | PRAIRIE CREEK INVESTORS LLC IS OWNED BY WILBUR LETTINGA AND RENTED TO DU | 0 |
| WILBUR LETTINGA | |||
| TRUSTEE | $715,652 | DU APARTMENTS IS OWNED BY WILBUR LETTINGA AND RENTED TO DU | 0 |
| WILBUR LETTINGA | |||
| TRUSTEE | $1,018,357 | RDG LIVONIA LLC IS OWNED BY WILBUR LETTINGA AND RENTED TO DU | 0 |
Schedule M IRS990ScheduleM
Securities Publicly Traded SecuritiesPubliclyTradedGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Non Cash Checkbox | Yes (X) | NonCashCheckboxInd |
| Contribution | 1 | ContributionCnt |
| Noncash Contributions Rpt F990 | $39,574 | NoncashContributionsRptF990Amt |
| Method Of Determining Revenues | FMV | MethodOfDeterminingRevenuesTxt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Any Property That Must Be Held | 0 | AnyPropertyThatMustBeHeldInd |
| Review Process Unusual NC Gifts | Yes (1) | ReviewProcessUnusualNCGiftsInd |
| Third Parties Used | 0 | ThirdPartiesUsedInd |
Supplemental Information Detail SupplementalInformationDetail
| Field | Value | IRS element (for citing) |
|---|---|---|
| Form And Line Reference | PART I, COLUMN (B): | FormAndLineReferenceDesc |
| Explanation | THE NUMBER LISTED IN COLUMN B REPRESENTS THE NUMBER OF CONTRIBUTIONS RECEIVED. | ExplanationTxt |
Schedule O IRS990ScheduleO
Supplemental Information Detail SupplementalInformationDetail (6 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| FORM 990, PART VI, SECTION B, LINE 11B | THE FORM 990 IS REVIEWED BY THE AUDIT AND FINANCE COMMITTEE PRIOR TO FILING. A COPY OF THE FORM 990 IS ALSO PROVIDED TO ALL 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 | COMPENSATION OF THE UNIVERSITY'S PRESIDENT AND KEY EMPLOYEES IS REVIEWED ANNUALLY BY THE BOARD OF TRUSTEES' COMPENSATION AND CONFLICT OF INTEREST COMMITTEE. THE COMMITTEE REQUIRES THAT A COMPENSATION STUDY TAKE PLACE PERIODICALLY. THE COMPENSATION STUDY INVOLVED HIRING A CONSULTANT TO PERFORM ANALYSIS OF DAVENPORT UNIVERSITY COMPENSATION LEVELS AS COMPARED TO PEER ORGANIZATION'S COMPENSATION INFORMATION GATHERED FROM SURVEYS AND PUBLICLY AVAILABLE DATA. THE MOST RECENT YEAR THIS PROCESS WAS UNDERTAKEN WAS FISCAL YEAR 2016/17. |
| FORM 990, PART VI, SECTION C, LINE 19 | DOCUMENTS ARE AVAILABLE TO THE GENERAL PUBLIC. |
| FORM 990, PART XI, LINE 9: | CHANGE IN CASH SURRENDER VALUE OF LIFE INSURANCE 561,892. CHANGE IN INTEREST RATE SWAP AGREEMENT 1,075,975. CHANGE IN POST RETIREMENT BENEFITS 50,021. LOSS ON LEASE ABANDONMENT -5,246,456. |
| FORM 990, PART XII, LINE 2C: | THERE HAS BEEN NO CHANGE IN PROCESS FROM THE PRIOR YEAR. |
Schedule R IRS990ScheduleR
Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp
Disregarded Entity Name DisregardedEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVENPORT UNIVERSITY FOUNDATION | BusinessNameLine1Txt |
US Address USAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | 6191 KRAFT AVE SE | AddressLine1Txt |
| City | GRAND RAPIDS | CityNm |
| State Abbreviation | MI | StateAbbreviationCd |
| ZIP | 49512 | ZIPCd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| EIN | 382434184 | EIN |
| Primary Activities | SUPPORTING ORGANIZATION | PrimaryActivitiesTxt |
| Legal Domicile State | MI | LegalDomicileStateCd |
| Exempt Code Section | 501(C)(3) | ExemptCodeSectionTxt |
| Public Charity Status | LINE 12A, I | PublicCharityStatusTxt |
Direct Controlling Entity Name DirectControllingEntityName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | DAVENPORT UNIVERSITY | BusinessNameLine1Txt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Controlled Organization | Yes (1) | ControlledOrganizationInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Receipt Of Int Annts Rnts Rylts | 0 | ReceiptOfIntAnntsRntsRyltsInd |
| Gift Grnt Or Cap Contri To Oth Org | 0 | GiftGrntOrCapContriToOthOrgInd |
| Gift Grnt Cap Contri From Oth Org | Yes (1) | GiftGrntCapContriFromOthOrgInd |
| Loans Or Guarantees To Other Org | 0 | LoansOrGuaranteesToOtherOrgInd |
| Loans Or Guarantees From Oth Org | 0 | LoansOrGuaranteesFromOthOrgInd |
| Div Related Organization | 0 | DivRelatedOrganizationInd |
| Asset Sale To Other Org | 0 | AssetSaleToOtherOrgInd |
| Asset Purchase From Other Org | 0 | AssetPurchaseFromOtherOrgInd |
| Asset Exchange | 0 | AssetExchangeInd |
| Rental Of Facilities To Oth Org | Yes (1) | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | 0 | PerformOfServicesForOthOrgInd |
| Perform Of Services By Other Org | 0 | PerformOfServicesByOtherOrgInd |
| Sharing Of Facilities | 0 | SharingOfFacilitiesInd |
| Paid Employees Sharing | 0 | PaidEmployeesSharingInd |
| Reimbursement Paid To Other Org | 0 | ReimbursementPaidToOtherOrgInd |
| Reimbursement Paid By Other Org | 0 | ReimbursementPaidByOtherOrgInd |
| Transfer To Other Org | 0 | TransferToOtherOrgInd |
| Transfer From Other Org | 0 | TransferFromOtherOrgInd |
Transactions Related Org TransactionsRelatedOrgGrp (2 entries)
| Transaction TypeTransactionTypeTxt | InvolvedInvolvedAmt | Method Of Amount DeterminationMethodOfAmountDeterminationTxt |
|---|---|---|
| DAVENPORT UNIVERSITY FOUNDATION | ||
| C | $1,211,532 | CASH |
| DAVENPORT UNIVERSITY FOUNDATION | ||
| J | $899,446 | FMV |