DAVENPORT UNIVERSITY: Form 990, tax year 2024
View the entire original 990 at ProPublica ↗
- Organization
- DAVENPORT UNIVERSITY (EIN 38-1945965)
- Tax period
- 2024-07-01 to 2025-06-30
- Filed
- 2026-03-16
- IRS object ID
- 202640759349301429
- Schema version
- 2024v5.5
- 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 O
- Schedule R
Return header ReturnHeader
| Field | Value | IRS element (for citing) |
|---|---|---|
| Return | 2026-03-16T15:59:34-05:00 | ReturnTs |
| Tax Period End | 2025-06-30 | TaxPeriodEndDt |
Preparer Firm PreparerFirmGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Firm EIN | 331498605 | 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 | 2024-07-01 | 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 | ANTHONY ANDERSON | PersonNm |
| Person Title | EVP OF FINANCE AND CFO | PersonTitleTxt |
| Phone | 6164513511 | PhoneNum |
| Signature | 2026-03-12 | SignatureDt |
| Discuss With Paid Preparer | Yes (1) | DiscussWithPaidPreparerInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| IRS Responsible Prty Info Curr | Yes (1) | IRSResponsiblePrtyInfoCurrInd |
Preparer Person PreparerPersonGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Preparer Person | DORI J EGGETT | PreparerPersonNm |
| PTIN | P00645252 | PTIN |
| Phone | 2695674500 | PhoneNum |
| Preparation | 2026-03-12 | PreparationDt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Tax | 2024 | TaxYr |
| Build TS | 2025-03-06 01:10:19Z | BuildTS |
Form 990 IRS990
| Field | Value | IRS element (for citing) |
|---|---|---|
| Principal Officer | ANTHONY ANDERSON | 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 | $127,509,753 | 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 | 12 | VotingMembersGoverningBodyCnt |
| Voting Members Independent | 10 | VotingMembersIndependentCnt |
| Total Employee | 1432 | TotalEmployeeCnt |
| Total Volunteers | 10 | TotalVolunteersCnt |
| Total Gross UBI | $48,000 | TotalGrossUBIAmt |
| Net Unrelated Bus Txbl Incm | $45,400 | NetUnrelatedBusTxblIncmAmt |
| PY Contributions Grants | $7,060,476 | PYContributionsGrantsAmt |
| CY Contributions Grants | $7,111,449 | CYContributionsGrantsAmt |
| PY Program Service Revenue | $102,956,782 | PYProgramServiceRevenueAmt |
| CY Program Service Revenue | $108,130,227 | CYProgramServiceRevenueAmt |
| PY Investment Income | $376,539 | PYInvestmentIncomeAmt |
| CY Investment Income | $1,651,175 | CYInvestmentIncomeAmt |
| PY Other Revenue | $8,714,734 | PYOtherRevenueAmt |
| CY Other Revenue | $9,028,983 | CYOtherRevenueAmt |
| PY Total Revenue | $119,108,531 | PYTotalRevenueAmt |
| CY Total Revenue | $125,921,834 | CYTotalRevenueAmt |
| PY Grants And Similar Paid | $40,430,480 | PYGrantsAndSimilarPaidAmt |
| CY Grants And Similar Paid | $42,497,502 | CYGrantsAndSimilarPaidAmt |
| PY Benefits Paid To Members | $0 | PYBenefitsPaidToMembersAmt |
| CY Benefits Paid To Members | $0 | CYBenefitsPaidToMembersAmt |
| PY Salaries Comp Emp Bnft Paid | $41,946,986 | PYSalariesCompEmpBnftPaidAmt |
| CY Salaries Comp Emp Bnft Paid | $44,068,490 | CYSalariesCompEmpBnftPaidAmt |
| PY Total Prof Fndrsng Expns | $0 | PYTotalProfFndrsngExpnsAmt |
| CY Total Prof Fndrsng Expns | $0 | CYTotalProfFndrsngExpnsAmt |
| CY Total Fundraising Expense | $835,901 | CYTotalFundraisingExpenseAmt |
| PY Other Expenses | $40,872,239 | PYOtherExpensesAmt |
| CY Other Expenses | $41,716,956 | CYOtherExpensesAmt |
| PY Total Expenses | $123,249,705 | PYTotalExpensesAmt |
| CY Total Expenses | $128,282,948 | CYTotalExpensesAmt |
| PY Revenues Less Expenses | -$4,141,174 | PYRevenuesLessExpensesAmt |
| CY Revenues Less Expenses | -$2,361,114 | CYRevenuesLessExpensesAmt |
| Total Assets BOY | $144,141,892 | TotalAssetsBOYAmt |
| Total Assets EOY | $140,638,059 | TotalAssetsEOYAmt |
| Total Liabilities BOY | $68,905,009 | TotalLiabilitiesBOYAmt |
| Total Liabilities EOY | $68,685,432 | TotalLiabilitiesEOYAmt |
| Net Assets Or Fund Balances BOY | $75,236,883 | NetAssetsOrFundBalancesBOYAmt |
| Net Assets Or Fund Balances EOY | $71,952,627 | 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 | $108,938,331 | ExpenseAmt |
| Grant | $42,497,502 | GrantAmt |
| Revenue | $115,340,393 | RevenueAmt |
| Desc | PROVIDE EDUCATION TO APPROXIMATELY 5,000 STUDENTS AT LOCATIONS THROUGHOUT MICHIGAN, INCLUDING OVER 3,000 SECTIONS OF 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 | $1,023,701 | ExpenseAmt |
| Revenue | $1,520,402 | RevenueAmt |
| Desc | EDUCATING BUSINESS PROFESSIONALS THROUGH NON-CREDIT COURSES IN VARIOUS AREAS. | Desc |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Expenses | $109,962,032 | 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 |
| Donor Rstr Or Quasi Endowments | 0 | DonorRstrOrQuasiEndowmentsInd |
| Report Land Building Equipment | Yes (1) | ReportLandBuildingEquipmentInd |
| Report Investments Other Sec | 0 | ReportInvestmentsOtherSecInd |
| Report Program Related Invst | 0 | ReportProgramRelatedInvstInd |
| Report Other Assets | Yes (1) | 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 With35 Ctrl Ent | 0 | BusinessRlnWith35CtrlEntInd |
| Deductible Non Cash Contri | 0 | 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 | 385 | IRPDocumentCnt |
| IRP Document W2 G | 0 | IRPDocumentW2GCnt |
| Backup Wthld Compliance | Yes (1) | BackupWthldComplianceInd |
| Employee | 1432 | 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 |
| Subj To Tax Rmnrtn Ex Prcht Pymt | 0 | SubjToTaxRmnrtnExPrchtPymtInd |
| Subject To Excs Tax Net Invst Inc | 0 | SubjectToExcsTaxNetInvstIncInd |
| Info In Schedule O Part VI | Yes (X) | InfoInScheduleOPartVIInd |
| Governing Body Voting Members | 12 | GoverningBodyVotingMembersCnt |
| Independent Voting Member | 10 | 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 |
| Upon Request | Yes (X) | UponRequestInd |
Books In Care Of Detail BooksInCareOfDetail
Business Name BusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | ANTHONY ANDERSON EVP OF 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 | Former Ofcr Director TrusteeFormerOfcrDirectorTrusteeInd |
|---|---|---|---|---|---|---|---|---|---|---|
| RICHARD PAPPAS | ||||||||||
| PRESIDENT | 40.00 | 1.00 | Yes (X) | Yes (X) | $575,108 | $0 | $225,875 | |||
| PAULA CUNNINGHAM | ||||||||||
| CHAIR | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| MICHELLE VANDYKE | ||||||||||
| VICE-CHAIRMAN | 1.00 | 0.00 | Yes (X) | Yes (X) | $0 | $0 | $0 | |||
| ANTHONY CHANG | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| RAMI FAWAZ | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| DOYLE HAYES | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| KEITH KLINGENBERG | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ILEANA MCALARY | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| RACHEL MRAZ | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| KENT RIDDLE | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| MARK STIERS | ||||||||||
| TRUSTEE | 1.00 | 0.00 | Yes (X) | $0 | $0 | $0 | ||||
| ANTHONY ANDERSON | ||||||||||
| TREAS/SEC/EVP FOR FINANCE AND CFO | 40.00 | 1.00 | Yes (X) | $300,200 | $0 | $83,006 | ||||
| WALTER O'NEILL | ||||||||||
| EVP FOR ENROLLMENT AND STUDENT SERVICES | 40.00 | 0.00 | $247,800 | $0 | $141,714 | Yes (X) | ||||
| GILDA GELY | ||||||||||
| EVP FOR ACADEMICS AND PROVOST | 40.00 | 0.00 | $285,675 | $0 | $82,592 | Yes (X) | ||||
| SCOTT EPSTEIN | ||||||||||
| EVP FOR QUALITY AND EFFECTIVENESS | 40.00 | 0.00 | $274,179 | $0 | $137,138 | Yes (X) | ||||
| RACHEL RENDER | ||||||||||
| EVP FOR ADVANCEMENT | 40.00 | 1.00 | $258,839 | $0 | $106,731 | Yes (X) | ||||
| DEBRA COOPER | ||||||||||
| EVP FOR MARKETING AND COMMUNICATIONS | 40.00 | 0.00 | $243,984 | $0 | $96,727 | Yes (X) | ||||
| GERALD NYAMBANE | ||||||||||
| DEAN, COLLEGE OF ARTS AND SCIENCES AND COLLEGE OF | 40.00 | 0.00 | $203,892 | $0 | $58,464 | Yes (X) | ||||
| AMY MANSFIELD | ||||||||||
| DEAN - MAINE COLLEGE OF BUSINESS/COLLEGE OF TECH | 40.00 | 0.00 | $203,681 | $0 | $31,119 | Yes (X) | ||||
| DAVID VENEKLASE | ||||||||||
| FORMER INTERIM TREAS/SEC/EVP FINANCE AND CFO | 0.00 | 0.00 | $1,089,454 | $0 | $0 | Yes (X) | ||||
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Reportable Comp From Org | $3,682,812 | TotalReportableCompFromOrgAmt |
| Tot Reportable Comp Rltd Org | $0 | TotReportableCompRltdOrgAmt |
| Total Other Compensation | $963,366 | TotalOtherCompensationAmt |
| Indiv Rcvd Greater Than100 K | 38 | IndivRcvdGreaterThan100KCnt |
| Former Ofcr Employees Listed | Yes (1) | 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 |
|---|---|---|---|---|---|
| KRAFT 60TH LLC | |||||
| 5625 PRAIRIE CREEK DRIVE SUITE 100 | CALEDONIA | MI | 49316 | BUILDING RENT | $1,035,146 |
| DU APARTMENTS LLC | |||||
| 5625 PRAIRIE CREEK DRIVE SUITE 100 | CALEDONIA | MI | 49316 | BUILDING RENT | $810,727 |
| RUFFALO NOEL LEVITZ LLC | |||||
| 1025 KIRKWOOD PARKWAY SW | CEDAR RAPIDS | IA | 52404 | STUDENT ENROLLMENT SERVICES | $638,047 |
| 4M BUILDING SOLUTIONS LLC | |||||
| 2827 CLARK AVENUE | ST LOUIS | MO | 63103 | FACILITY MAINTENCE SERVICES | $498,281 |
| ELLUCIAN COMPANY LP | |||||
| 62578 COLLECTIONS CENTER DR | CHICAGO | IL | 60693 | COMPUTER SOFTWARE SUBSCRIPTIONS | $359,301 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Cntrct Rcvd Greater Than100 K | 12 | CntrctRcvdGreaterThan100KCnt |
| Related Organizations | $3,244,693 | RelatedOrganizationsAmt |
| Government Grants | $1,420,244 | GovernmentGrantsAmt |
| All Other Contributions | $2,446,512 | AllOtherContributionsAmt |
| Total Contributions | $7,111,449 | TotalContributionsAmt |
Program Service Revenue ProgramServiceRevenueGrp (2 entries)
| DescDesc | BusinessBusinessCd | Total Revenue ColumnTotalRevenueColumnAmt | Related Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt |
|---|---|---|---|
| TUITION/STUDENT FEES | 611600 | $106,609,825 | $106,609,825 |
| NON-CREDIT COURSE FEES | 611710 | $1,520,402 | $1,520,402 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Program Service Revenue | $108,130,227 | TotalProgramServiceRevenueAmt |
Investment Income InvestmentIncomeGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $481,394 | TotalRevenueColumnAmt |
| Exclusion | $481,394 | ExclusionAmt |
Gross Rents GrossRentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Real | $4,763 | RealAmt |
| Personal | $48,000 | 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 | $4,763 | RealAmt |
| Personal | $48,000 | PersonalAmt |
Net Rental Income Or Loss NetRentalIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $52,763 | TotalRevenueColumnAmt |
| Unrelated Business Revenue | $48,000 | UnrelatedBusinessRevenueAmt |
| Exclusion | $4,763 | ExclusionAmt |
Gross Amount Sales Assets GrossAmountSalesAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $238,184 | SecuritiesAmt |
| Other | $988,250 | OtherAmt |
Less Cost Oth Basis Sales Expnss LessCostOthBasisSalesExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $0 | SecuritiesAmt |
| Other | $56,653 | OtherAmt |
Gain Or Loss GainOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Securities | $238,184 | SecuritiesAmt |
| Other | $931,597 | OtherAmt |
Net Gain Or Loss Investments NetGainOrLossInvestmentsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $1,169,781 | TotalRevenueColumnAmt |
| Exclusion | $1,169,781 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Gross Sales Of Inventory | $10,261,834 | GrossSalesOfInventoryAmt |
| Cost Of Goods Sold | $1,531,266 | CostOfGoodsSoldAmt |
Net Income Or Loss NetIncomeOrLossGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $8,730,568 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $8,730,568 | RelatedOrExemptFuncIncomeAmt |
Other Revenue Misc OtherRevenueMiscGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Desc | DUES AND EVENT INCOME | Desc |
| Business | 900099 | BusinessCd |
| Total Revenue Column | $245,652 | TotalRevenueColumnAmt |
| Exclusion | $245,652 | ExclusionAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Revenue Total | $245,652 | OtherRevenueTotalAmt |
Total Revenue TotalRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Revenue Column | $125,921,834 | TotalRevenueColumnAmt |
| Related Or Exempt Func Income | $116,860,795 | RelatedOrExemptFuncIncomeAmt |
| Unrelated Business Revenue | $48,000 | UnrelatedBusinessRevenueAmt |
| Exclusion | $1,901,590 | ExclusionAmt |
Grants To Domestic Individuals GrantsToDomesticIndividualsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $40,087,525 | TotalAmt |
| Program Services | $40,087,525 | ProgramServicesAmt |
Foreign Grants ForeignGrantsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,409,977 | TotalAmt |
| Program Services | $2,409,977 | ProgramServicesAmt |
Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,111,352 | TotalAmt |
| Management And General | $2,111,352 | ManagementAndGeneralAmt |
Other Salaries And Wages OtherSalariesAndWagesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $32,770,679 | TotalAmt |
| Program Services | $26,544,717 | ProgramServicesAmt |
| Management And General | $5,691,483 | ManagementAndGeneralAmt |
| Fundraising | $534,479 | FundraisingAmt |
Pension Plan Contributions PensionPlanContributionsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,963,295 | TotalAmt |
| Program Services | $1,425,667 | ProgramServicesAmt |
| Management And General | $503,107 | ManagementAndGeneralAmt |
| Fundraising | $34,521 | FundraisingAmt |
Other Employee Benefits OtherEmployeeBenefitsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,840,554 | TotalAmt |
| Program Services | $3,736,482 | ProgramServicesAmt |
| Management And General | $1,035,400 | ManagementAndGeneralAmt |
| Fundraising | $68,672 | FundraisingAmt |
Payroll Taxes PayrollTaxesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,382,610 | TotalAmt |
| Program Services | $1,921,591 | ProgramServicesAmt |
| Management And General | $422,682 | ManagementAndGeneralAmt |
| Fundraising | $38,337 | FundraisingAmt |
Fees For Services Management FeesForServicesManagementGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $433,292 | TotalAmt |
| Program Services | $310,637 | ProgramServicesAmt |
| Management And General | $122,655 | ManagementAndGeneralAmt |
Fees For Services Legal FeesForServicesLegalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $168,077 | TotalAmt |
| Management And General | $168,077 | ManagementAndGeneralAmt |
Fees For Services Accounting FeesForServicesAccountingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $160,055 | TotalAmt |
| Management And General | $160,055 | ManagementAndGeneralAmt |
Fees For Srvc Invst Mgmnt Fees FeesForSrvcInvstMgmntFeesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $45,771 | TotalAmt |
| Management And General | $45,771 | ManagementAndGeneralAmt |
Fees For Services Other FeesForServicesOtherGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $4,047,503 | TotalAmt |
| Program Services | $3,487,227 | ProgramServicesAmt |
| Management And General | $536,141 | ManagementAndGeneralAmt |
| Fundraising | $24,135 | FundraisingAmt |
Advertising AdvertisingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,916,139 | TotalAmt |
| Program Services | $3,753,638 | ProgramServicesAmt |
| Management And General | $99,641 | ManagementAndGeneralAmt |
| Fundraising | $62,860 | FundraisingAmt |
Office Expenses OfficeExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,073,575 | TotalAmt |
| Program Services | $950,954 | ProgramServicesAmt |
| Management And General | $108,503 | ManagementAndGeneralAmt |
| Fundraising | $14,118 | FundraisingAmt |
Information Technology InformationTechnologyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $3,477,394 | TotalAmt |
| Program Services | $499,781 | ProgramServicesAmt |
| Management And General | $2,940,787 | ManagementAndGeneralAmt |
| Fundraising | $36,826 | FundraisingAmt |
Occupancy OccupancyGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $5,750,295 | TotalAmt |
| Program Services | $5,750,295 | ProgramServicesAmt |
Travel TravelGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $2,578,339 | TotalAmt |
| Program Services | $2,506,536 | ProgramServicesAmt |
| Management And General | $55,097 | ManagementAndGeneralAmt |
| Fundraising | $16,706 | FundraisingAmt |
Conferences Meetings ConferencesMeetingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $432,741 | TotalAmt |
| Program Services | $275,048 | ProgramServicesAmt |
| Management And General | $157,693 | ManagementAndGeneralAmt |
Interest InterestGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,729,310 | TotalAmt |
| Program Services | $1,729,310 | ProgramServicesAmt |
Depreciation Depletion DepreciationDepletionGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $8,286,536 | TotalAmt |
| Program Services | $8,286,536 | ProgramServicesAmt |
Insurance InsuranceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,537,569 | TotalAmt |
| Program Services | $1,537,569 | ProgramServicesAmt |
Other Expenses OtherExpensesGrp (4 entries)
| DescDesc | TotalTotalAmt | Program ServicesProgramServicesAmt | Management And GeneralManagementAndGeneralAmt | FundraisingFundraisingAmt |
|---|---|---|---|---|
| ATHLETIC EXPENSE | $2,560,603 | $2,560,603 | ||
| TESTING AND ASSESSMENT | $1,616,280 | $1,616,280 | ||
| EQUIPMENT RENTAL AND MA | $1,517,964 | $225,381 | $1,292,003 | $580 |
| BAD DEBTS | $1,346,452 | $1,346,452 |
All Other Expenses AllOtherExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $1,039,061 | TotalAmt |
| Program Services | $346,278 | ProgramServicesAmt |
| Management And General | $688,116 | ManagementAndGeneralAmt |
| Fundraising | $4,667 | FundraisingAmt |
Total Functional Expenses TotalFunctionalExpensesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total | $128,282,948 | TotalAmt |
| Program Services | $109,962,032 | ProgramServicesAmt |
| Management And General | $17,485,015 | ManagementAndGeneralAmt |
| Fundraising | $835,901 | FundraisingAmt |
Cash Non Interest Bearing CashNonInterestBearingGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,545,696 | BOYAmt |
| EOY | $688,129 | EOYAmt |
Savings And Temp Cash Invst SavingsAndTempCashInvstGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $5,200,094 | BOYAmt |
| EOY | $5,297,972 | EOYAmt |
Pledges And Grants Receivable PledgesAndGrantsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $2,509,939 | BOYAmt |
| EOY | $2,549,397 | EOYAmt |
Accounts Receivable AccountsReceivableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,291,775 | BOYAmt |
| EOY | $5,154,905 | EOYAmt |
Receivables From Officers Etc ReceivablesFromOfficersEtcGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| EOY | $22,000 | EOYAmt |
Inventories For Sale Or Use InventoriesForSaleOrUseGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $108,185 | BOYAmt |
| EOY | $134,996 | EOYAmt |
Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $3,386,176 | BOYAmt |
| EOY | $3,097,802 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Land Bldg Equip Cost Or Other Bss | $205,603,912 | LandBldgEquipCostOrOtherBssAmt |
| Land Bldg Equip Accum Deprec | $115,196,520 | LandBldgEquipAccumDeprecAmt |
Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $95,758,563 | BOYAmt |
| EOY | $90,407,392 | EOYAmt |
Investments Pub Traded Sec InvestmentsPubTradedSecGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $7,842,895 | BOYAmt |
| EOY | $8,584,465 | EOYAmt |
Investments Other Securities InvestmentsOtherSecuritiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $86,439 | BOYAmt |
| EOY | $36,601 | EOYAmt |
Other Assets Total OtherAssetsTotalGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $23,412,130 | BOYAmt |
| EOY | $24,664,400 | EOYAmt |
Total Assets TotalAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $144,141,892 | BOYAmt |
| EOY | $140,638,059 | EOYAmt |
Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $4,499,942 | BOYAmt |
| EOY | $4,180,288 | EOYAmt |
Deferred Revenue DeferredRevenueGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $6,005,401 | BOYAmt |
| EOY | $6,442,012 | EOYAmt |
Tax Exempt Bond Liabilities TaxExemptBondLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $31,667,738 | BOYAmt |
| EOY | $29,213,065 | EOYAmt |
Unsecured Notes Loans Payable UnsecuredNotesLoansPayableGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $1,475,649 | BOYAmt |
| EOY | $2,566,442 | EOYAmt |
Other Liabilities OtherLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $25,256,279 | BOYAmt |
| EOY | $26,283,625 | EOYAmt |
Total Liabilities TotalLiabilitiesGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $68,905,009 | BOYAmt |
| EOY | $68,685,432 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Organization Follows FASB117 | Yes (X) | OrganizationFollowsFASB117Ind |
No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $74,253,501 | BOYAmt |
| EOY | $70,339,245 | EOYAmt |
Donor Restriction Net Assets DonorRestrictionNetAssetsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $983,382 | BOYAmt |
| EOY | $1,613,382 | EOYAmt |
Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $75,236,883 | BOYAmt |
| EOY | $71,952,627 | EOYAmt |
Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| BOY | $144,141,892 | BOYAmt |
| EOY | $140,638,059 | EOYAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Info In Schedule O Part XI | Yes (X) | InfoInScheduleOPartXIInd |
| Reconcilation Revenue Expnss | -$2,361,114 | ReconcilationRevenueExpnssAmt |
| Net Unrlzd Gains Losses Invst | $357,539 | NetUnrlzdGainsLossesInvstAmt |
| Other Changes In Net Assets | -$1,280,681 | 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 | $7,285,975 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $20,284,688 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,881,025 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,060,476 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,111,449 | CurrentTaxYearAmt |
| Total | $53,623,613 | TotalAmt |
Total Calendar Year170 TotalCalendarYear170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $7,285,975 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $20,284,688 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $11,881,025 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $7,060,476 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $7,111,449 | CurrentTaxYearAmt |
| Total | $53,623,613 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Substantial Contributors Tot | $13,419,724 | SubstantialContributorsTotAmt |
| Public Support Total170 | $40,203,889 | PublicSupportTotal170Amt |
Gross Investment Income170 GrossInvestmentIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $407,869 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $466,404 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $594,978 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $545,328 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $481,394 | CurrentTaxYearAmt |
| Total | $2,495,973 | TotalAmt |
Unrelated Business Net Incm170 UnrelatedBusinessNetIncm170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $22,000 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $48,000 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $48,000 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $46,000 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $52,763 | CurrentTaxYearAmt |
| Total | $216,763 | TotalAmt |
Other Income170 OtherIncome170Grp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Current Tax Year Minus4 Years | $104,135 | CurrentTaxYearMinus4YearsAmt |
| Current Tax Year Minus3 Years | $105,181 | CurrentTaxYearMinus3YearsAmt |
| Current Tax Year Minus2 Years | $105,602 | CurrentTaxYearMinus2YearsAmt |
| Current Tax Year Minus1 Year | $488,996 | CurrentTaxYearMinus1YearAmt |
| Current Tax Year | $245,652 | CurrentTaxYearAmt |
| Total | $1,049,566 | TotalAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Support | $57,385,915 | TotalSupportAmt |
| Gross Receipts Rltd Activities | $562,876,979 | GrossReceiptsRltdActivitiesAmt |
| Public Support CY170 | 0.70060 | PublicSupportCY170Pct |
| Public Support PY170 | 0.72450 | 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 - 2020 AMOUNT: $ 104,135. 2021 AMOUNT: $ 105,181. 2022 AMOUNT: $ 105,602. 2023 AMOUNT: $ 488,996. 2024 AMOUNT: $ 245,652. | ExplanationTxt |
Schedule B IRS990ScheduleB
Contributor Information ContributorInformationGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Contributor | RESTRICTED | ContributorNum |
Contributor Business Name ContributorBusinessName
| Field | Value | IRS element (for citing) |
|---|---|---|
| Business Name Line1 | RESTRICTED | BusinessNameLine1 |
Contributor US Address ContributorUSAddress
| Field | Value | IRS element (for citing) |
|---|---|---|
| Address Line1 | RESTRICTED | AddressLine1 |
| Address Line2 | RESTRICTED | AddressLine2 |
| City | RESTRICTED | City |
| State | RESTRICTED | State |
| ZIP Code | RESTRICTED | ZIPCode |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Contributions | RESTRICTED | TotalContributionsAmt |
Schedule D IRS990ScheduleD
Land LandGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $11,547,117 | OtherCostOrOtherBasisAmt |
| Book Value | $11,547,117 | BookValueAmt |
Buildings BuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $150,943,711 | OtherCostOrOtherBasisAmt |
| Depreciation | $77,536,353 | DepreciationAmt |
| Book Value | $73,407,358 | BookValueAmt |
Leasehold Improvements LeaseholdImprovementsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $41,958,800 | OtherCostOrOtherBasisAmt |
| Depreciation | $36,858,065 | DepreciationAmt |
| Book Value | $5,100,735 | BookValueAmt |
Equipment EquipmentGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $904,654 | OtherCostOrOtherBasisAmt |
| Depreciation | $802,102 | DepreciationAmt |
| Book Value | $102,552 | BookValueAmt |
Other Land Buildings OtherLandBuildingsGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Other Cost Or Other Basis | $249,630 | OtherCostOrOtherBasisAmt |
| Book Value | $249,630 | BookValueAmt |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Land Buildings | $90,407,392 | TotalBookValueLandBuildingsAmt |
Other Assets Org OtherAssetsOrgGrp (3 entries)
| DescDesc | Book ValueBookValueAmt |
|---|---|
| DEFERRED COMPENSATION RETENTION FUND | $3,859,657 |
| INTEREST RATE SWAP ASSET | $526,585 |
| RIGHT OF USE OPERATING LEASE ASSET | $20,278,158 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Book Value Other Assets | $24,664,400 | TotalBookValueOtherAssetsAmt |
Other Liabilities Org OtherLiabilitiesOrgGrp (4 entries)
| DescDesc | AmtAmt |
|---|---|
| OPERATING LEASE LIABILITIES | $18,309,125 |
| POSTRETIREMENT OBLIGATIONS | $1,231,993 |
| DEFERRED COMPENSATION | $5,866,907 |
| CURRENT PORTION OF DEFERRED COMPENSATION | $875,600 |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Liability | $26,283,625 | TotalLiabilityAmt |
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 (7 entries)
| RegionRegionTxt | OfficesOfficesCnt | EmployeeEmployeeCnt | Type Of Activities ConductedTypeOfActivitiesConductedTxt | Specific Services ProvidedSpecificServicesProvidedTxt | Region Total ExpendituresRegionTotalExpendituresAmt |
|---|---|---|---|---|---|
| EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIUM | 0 | 0 | SCHOLARSHIPS AND STUDY ABROAD PROGRAM | N/A | $842,473 |
| NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES | 0 | 0 | SCHOLARSHIPS | N/A | $677,780 |
| SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, | 0 | 0 | SCHOLARSHIPS | N/A | $482,624 |
| EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, | 0 | 0 | SCHOLARSHIPS | N/A | $183,854 |
| SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, | 0 | 0 | SCHOLARSHIPS | N/A | $143,310 |
| CENTRAL AMERICA AND THE CARIBBEAN | 0 | 0 | SCHOLARSHIPS | N/A | $66,100 |
| SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, | 0 | 0 | SCHOLARSHIPS | N/A | $13,836 |
| 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 | $2,409,977 | SubtotalSpentAmt |
| Continuation Spent | $0 | ContinuationSpentAmt |
| Total Spent | $2,409,977 | TotalSpentAmt |
Foreign Individuals Grants ForeignIndividualsGrantsGrp (7 entries)
| Type Of AssistanceTypeOfAssistanceTxt | RegionRegionTxt | RecipientRecipientCnt | Cash GrantCashGrantAmt | Manner Of Cash DisbursementMannerOfCashDisbursementTxt | Description Of Non Cash AsstDescriptionOfNonCashAsstTxt | Valuation Method UsedValuationMethodUsedDesc |
|---|---|---|---|---|---|---|
| SCHOLARSHIPS | CENTRAL AMERICA AND THE CARIBBEAN | 4 | $66,100 | APPLIED AGAINST STUDENT'S TUITION ACCOUNT | N/A | N/A |
| SCHOLARSHIPS | EAST ASIA AND THE PACIFIC - AUSTRALIA, BRUNEI, BURMA, CAMBODIA, | 10 | $183,854 | APPLIED AGAINST STUDENT'S TUITION ACCOUNT | N/A | N/A |
| SCHOLARSHIPS | EUROPE (INCLUDING ICELAND & GREENLAND) - ALBANIA, ANDORRA, AUSTRIA, BELGIU | 33 | $842,473 | APPLIED AGAINST STUDENT'S TUITION ACCOUNT | N/A | N/A |
| SCHOLARSHIPS | NORTH AMERICA - CANADA AND MEXICO, BUT NOT THE UNITED STATES | 62 | $677,780 | APPLIED AGAINST STUDENT'S TUITION ACCOUNT | N/A | N/A |
| SCHOLARSHIPS | SOUTH AMERICA - ARGENTINA, BOLIVIA, BRAZIL, CHILE, COLUMBIA, ECUADOR, | 8 | $143,310 | APPLIED AGAINST STUDENT'S TUITION ACCOUNT | N/A | N/A |
| SCHOLARSHIPS | SOUTH ASIA - AFGHANISTAN, BANGLADESH, BHUTAN, INDIA, MALDIVES, NEPAL, | 2 | $13,836 | APPLIED AGAINST STUDENT'S TUITION ACCOUNT | N/A | N/A |
| SCHOLARSHIPS | SUB-SAHARAN AFRICA - ANGOLA, BENIN, BOTSWANA, BURKINA FASO, | 27 | $482,624 | APPLIED AGAINST STUDENT'S TUITION ACCOUNT | N/A | N/A |
| 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 | 6103 | RecipientCnt |
| Cash Grant | $37,677,548 | 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 ADVANCEMENT 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 OFFICE OF ADVANCEMENT. | 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 | Yes (1) | 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 (10 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 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| DAVID VENEKLASE | ||||||||||||||
| FORMER INTERIM TREAS/SEC/EVP FINANCE | $0 | $0 | $0 | $0 | $1,089,454 | $0 | $0 | $0 | $0 | $0 | $1,089,454 | $0 | $1,089,454 | $0 |
| RICHARD PAPPAS | ||||||||||||||
| PRESIDENT | $383,008 | $0 | $149,747 | $0 | $42,353 | $0 | $190,346 | $0 | $35,529 | $0 | $800,983 | $0 | $0 | $0 |
| SCOTT EPSTEIN | ||||||||||||||
| EVP FOR QUALITY AND EFFECTIVENESS | $188,808 | $0 | $60,331 | $0 | $25,040 | $0 | $102,843 | $0 | $34,295 | $0 | $411,317 | $0 | $0 | $0 |
| WALTER O'NEILL | ||||||||||||||
| EVP FOR ENROLLMENT AND STUDENT SERVI | $177,356 | $0 | $58,349 | $0 | $12,095 | $0 | $99,166 | $0 | $42,548 | $0 | $389,514 | $0 | $0 | $0 |
| ANTHONY ANDERSON | ||||||||||||||
| TREAS/SEC/EVP FOR FINANCE AND CFO | $207,772 | $0 | $67,760 | $0 | $24,668 | $0 | $40,274 | $0 | $42,732 | $0 | $383,206 | $0 | $0 | $0 |
| GILDA GELY | ||||||||||||||
| EVP FOR ACADEMICS AND PROVOST | $206,866 | $0 | $63,840 | $0 | $14,969 | $0 | $67,474 | $0 | $15,118 | $0 | $368,267 | $0 | $0 | $0 |
| RACHEL RENDER | ||||||||||||||
| EVP FOR ADVANCEMENT | $178,241 | $0 | $59,052 | $0 | $21,546 | $0 | $64,205 | $0 | $42,526 | $0 | $365,570 | $0 | $0 | $0 |
| DEBRA COOPER | ||||||||||||||
| EVP FOR MARKETING AND COMMUNICATIONS | $162,623 | $0 | $57,161 | $0 | $24,200 | $0 | $62,526 | $0 | $34,201 | $0 | $340,711 | $0 | $0 | $0 |
| GERALD NYAMBANE | ||||||||||||||
| DEAN, COLLEGE OF ARTS AND SCIENCES A | $171,765 | $0 | $13,766 | $0 | $18,361 | $0 | $15,971 | $0 | $42,493 | $0 | $262,356 | $0 | $0 | $0 |
| AMY MANSFIELD | ||||||||||||||
| DEAN - MAINE COLLEGE OF BUSINESS/COL | $183,576 | $0 | $14,105 | $0 | $6,000 | $0 | $16,112 | $0 | $15,007 | $0 | $234,800 | $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 AND IS INCLUDED IN HIS GROSS INCOME. CERTAIN EMPLOYEES HAVE CLUB DUES PAID ON THEIR BEHALF FOR WORK RELATED FUNCTIONS. |
| PART I, LINES 4A-B | LINE 4A: DAVID VENEKLASE RECEIVED SEVERANCE PAYMENTS TOTALING $1,089,454 DURING THE TAX YEAR. LINE 4B: THE FOLLOWING INDIVIDUALS PARTICIPATE IN A NONQUALIFIED 457(F) DEFERRED COMPENSATION PLAN AND HAD THE FOLLOWING AMOUNTS CONTRIBUTED TO THE PLAN FOR THE YEAR REPORTED: RICHARD PAPPAS $43,287; GILDA GELY $21,791; WALTER O'NEILL $19,719; ANTHONY ANDERSON $23,183; SCOTT EPSTEIN $21,601; DEB COOPER $19,317; RACHEL RENDER $20,157. 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 $190,346 FOR RICHARD PAPPAS; $59,729 FOR WALTER O'NEILL; $59,729 FOR SCOTT EPSTEIN, $23,892 FOR GILDA GELY, $23,892 FOR DEB COOPER, AND $23,892 FOR RACHEL RENDER 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 (3 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 | 2019-12-16 | $4,791,078 | SEE PART VI | 0 | 0 | 0 |
| MICHIGAN FINANCE AUTHORITY | ||||||||
| B | 800596186 | NONEAVAIL | 2020-09-30 | $22,785,000 | SEE PART VI | 0 | 0 | 0 |
| MICHIGAN FINANCE AUTHORITY | ||||||||
| C | 800596186 | NONEAVAIL | 2024-02-01 | $8,049,717 | SEE PART VI | 0 | 0 | 0 |
Tax Exempt Bonds Proceeds TaxExemptBondsProceedsGrp (3 entries)
| Bond ReferenceBondReferenceCd | RetiredRetiredAmt | Total ProceedsTotalProceedsAmt | Other Spent ProceedsOtherSpentProceedsAmt | Refunding Tax Exempt BondsRefundingTaxExemptBondsInd | Refunding Taxable BondsRefundingTaxableBondsInd | Final Allocation MadeFinalAllocationMadeInd | Adequate Books And Rec MaintAdequateBooksAndRecMaintInd | Issuance Costs From ProceedsIssuanceCostsFromProceedsAmt |
|---|---|---|---|---|---|---|---|---|
| A | $3,649,306 | $4,791,078 | $4,791,078 | Yes (1) | 0 | Yes (1) | Yes (1) | |
| B | $4,315,209 | $22,785,000 | $22,620,000 | Yes (1) | 0 | Yes (1) | Yes (1) | $165,000 |
| C | $8,049,717 | $7,888,723 | Yes (1) | 0 | Yes (1) | Yes (1) | $160,994 |
Tax Exempt Bonds Private Bus Use TaxExemptBondsPrivateBusUseGrp (3 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 | Yes (1) | Yes (1) | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
| B | 0 | 0 | Yes (1) | 0 | 0 | 0.00000 | 0.00000 | 0.00000 | 0 | 0 | 0 |
| C | 0 | Yes (1) | Yes (1) | 0 | 0 | 0.00400 | 0.00400 | 0 | 0 | 0 |
Tax Exempt Bonds Arbitrage TaxExemptBondsArbitrageGrp (3 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 | Superintegrated HedgeSuperintegratedHedgeInd | Hedge TerminatedHedgeTerminatedInd |
|---|---|---|---|---|---|---|---|---|---|---|---|
| (no name) | |||||||||||
| A | 0 | 0 | Yes (1) | 0 | 0 | 0 | 0 | 0 | 0 | ||
| SEE PART VI | |||||||||||
| B | 0 | 0 | Yes (1) | 0 | Yes (1) | Yes (1) | 0 | 0 | 0 | 0 | 0 |
| (no name) | |||||||||||
| C | 0 | 0 | Yes (1) | 0 | Yes (1) | 0 | 0 | 0 | 0 | ||
Procedures Corrective Action ProceduresCorrectiveActionGrp (3 entries)
| Bond ReferenceBondReferenceCd | Procedures Corrective ActionProceduresCorrectiveActionInd |
|---|---|
| A | 0 |
| B | 0 |
| C | 0 |
Supplemental Information Detail SupplementalInformationDetail (8 entries)
| Form And Line ReferenceFormAndLineReferenceDesc | ExplanationExplanationTxt |
|---|---|
| SCHEDULE K, PART I, ROW A, BOND ISSUES: | (F) DESCRIPTION OF PURPOSE: REISSUE/REFUND 100% OF OUTSTANDING BONDS RE-ISSUED 10/24/2018 (THE "REISSUED SERIES 2017 BONDS"). THE REISSUED SERIES 2017 BONDS REISSUED/REFUNDED 100% OF OUTSTANDING BONDS ISSUED ON 3/21/2017 (THE "SERIES 2017 BONDS"). THE SERIES 2017 BONDS REFUNDED 100% OF OUTSTANDING BONDS ISSUED 1/19/2006 AND 8/07/2008. |
| SCHEDULE K, PART I, ROW B, BOND ISSUES: | (F) DESCRIPTION OF PURPOSE: REFUND 100% OF OUTSTANDING BONDS RE-ISSUED 10/24/2018 (THE "REISSUED SERIES 2012 BONDS") AND 100% OF OUTSTANDING BONDS ISSUED 10/24/2018 (THE "REISSUED SERIES 2015 BONDS"). THE REISSUED SERIES 2012 BONDS REISSUED/REFUNDED 100% OF OUTSTANDING BONDS ISSUED 7/26/2012. THE REISSUED SERIES 2015 BONDS REISSUED/REFUNDED 100% OF OUTSTANDING BONDS ISSUED 8/13/2015. |
| SCHEDULE K, PART I, ROW C, BOND ISSUES: | (F) DESCRIPTION OF PURPOSE: REFUND 100% OF OUTSTANDING BONDS ISSUED 10/24/2018 (THE " REISSUED SERIES 2018 BONDS"). THE REISSUED SERIES 2018 BONDS REISSUED/REFUNDED 100% OF OUTSTANDING BONDS ISSUED 12/29/2010, WHICH REFUNDED 100% OF THE OUTSTANDING BONDS ISSUED 8/9/2002 AND 6/19/2004 AND A PORTION OF OUTSTANDING BONDS ISSUED 8/7/2008. |
| SCHEDULE K, PART III, COLUMN C: | PART III COLUMN C IS NOT COMPLETED FOR THE PORTION OF THE BONDS WHICH REFUNDED THE PORTION OF THE REISSUED SERIES 2018 BONDS ALLOCATED TO REFUND 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, COLUMNS A AND C, LINE 2: | THE LEASE AGREEMENTS ARE FOR LAUNDRY MACHINES IN STUDENT HOUSING FACILITIES AND FOR VENDING MACHINES IN VARIOUS BUILDINGS, BOTH CONSTITUTE INCIDENTAL USE UNDER TREAS. REG. SEC. 1.141-3(D)(5). |
| SCHEDULE K, PART III, COLUMNS A, B AND C, LINE 3A: | ONE MANAGEMENT AGREEMENT IS FOR DINING SERVICES AND QUALIFIES FOR THE SAFE HARBOR UNDER REV. PROC. 97-13. |
| SCHEDULE K, PART IV, COLUMN B, LINE 4B | OLD NATIONAL BANK AND FIFTH THIRD BANK. |
| SCHEDULE K, PART IV, COLUMN B, LINE 4C | 10 YEARS FOR THE OLD NATIONAL BANK SWAP AND 4.8 YEARS FOR THE FIFTH THIRD BANK SWAP. |
Schedule L IRS990ScheduleL
Loans Btwn Org Interested Prsn LoansBtwnOrgInterestedPrsnGrp
| Field | Value | IRS element (for citing) |
|---|---|---|
| Person | ANTHONY ANDERSON | PersonNm |
| Relationship With Org | OFFICER | RelationshipWithOrgTxt |
| Loan Purpose | HOUSING | LoanPurposeTxt |
| Loan From Organization | Yes (X) | LoanFromOrganizationInd |
| Original Principal | $40,000 | OriginalPrincipalAmt |
| Balance Due | $22,000 | BalanceDueAmt |
| Default | 0 | DefaultInd |
| Board Or Committee Approval | 0 | BoardOrCommitteeApprovalInd |
| Written Agreement | Yes (1) | WrittenAgreementInd |
| Field | Value | IRS element (for citing) |
|---|---|---|
| Total Balance Due | $22,000 | TotalBalanceDueAmt |
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 INVOLVES 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 2021/22. |
| 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 CHANGE IN INTEREST RATE SWAP AGREEMENT -263,069. CHANGE IN POST RETIREMENT BENEFITS -75,692. ELIMINATIONS FROM CONSOLIDATION -941,920. |
| 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 | 0 | RentalOfFacilitiesToOthOrgInd |
| Rental Of Fclts From Oth Org | 0 | RentalOfFcltsFromOthOrgInd |
| Perform Of Services For Oth Org | Yes (1) | 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 | $3,244,693 | CASH |
| DAVENPORT UNIVERSITY FOUNDATION | ||
| L | $838,980 | FMV |