Form 990 for tax year 2024
Filed by DAVENPORT UNIVERSITY FOUNDATION.
Totals
- Total revenue
- $3,751,094
- Total expenses
- $3,445,480
- Contributions and grants received
- $1,360,109
- Grants paid
- $3,244,693
- Program services expenses (Part IX)
- $3,244,693
- Management and general expenses
- $200,787
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $3,244,693
Program services were 94.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Listed in Part VII
-
WILLIAM LETTINGA
PRESIDENT
- Total calculated
- $0
- Hours/week
- 1
-
RACHEL MRAZ
TREASURER
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
JAMES ALBERS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
ANTHONY ANDERSON
TRUSTEE
- Total calculated
- $383,206
- From this org
- $0
- From related orgs
- $300,200
- Other
- $83,006
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $207,772 related
- Bonus
- $0 + $67,760 related
- Other
- $0 + $24,668 related
- Deferred
- $0 + $40,274 related
- Nontaxable benefits
- $0 + $42,732 related
- Filer's total
- $0 + $383,206 related
-
CHAD BASSETT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
SCOTT GEERLINGS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JEFF LUMPP
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RICHARD PAPPAS
TRUSTEE
- Total calculated
- $800,983
- From this org
- $0
- From related orgs
- $575,108
- Other
- $225,875
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $383,008 related
- Bonus
- $0 + $149,747 related
- Other
- $0 + $42,353 related
- Deferred
- $0 + $190,346 related
- Nontaxable benefits
- $0 + $35,529 related
- Filer's total
- $0 + $800,983 related
-
RALPH SLIDER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
JEFFREY ZYLSTRA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 1
-
RACHEL RENDER
EXECUTIVE DIRECTOR/SECRETARY
- Total calculated
- $365,570
- From this org
- $0
- From related orgs
- $258,839
- Other
- $106,731
- Hours/week
- 1 + 40 related
Schedule J breakdown matched by us
- Base
- $0 + $178,241 related
- Bonus
- $0 + $59,052 related
- Other
- $0 + $21,546 related
- Deferred
- $0 + $64,205 related
- Nontaxable benefits
- $0 + $42,526 related
- Filer's total
- $0 + $365,570 related
-
DAVID VENEKLASE
FORMER INTERIM TREASURER/SECRETARY/EVP FOR FINANCE
- Total calculated
- $1,089,454
- From this org
- $0
- From related orgs
- $1,089,454
- Other
- $0
- Hours/week
- 0
Schedule J breakdown matched by us
- Base
- $0
- Bonus
- $0
- Other
- $0 + $1,089,454 related
- Deferred
- $0
- Nontaxable benefits
- $0
- Filer's total
- $0 + $1,089,454 related
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
Answered no
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
The filer's explanations (Part III)
- PART I, LINE 3
- THE EXECUTIVE DIRECTOR WAS COMPENSATED BY A RELATED ORGANIZATION, AND THEREFORE NONE OF THE LINE 3 BOXES HAVE BEEN CHECKED. THE RELATED ORGANIZATION USED THE FOLLOWING METHODOLOGIES TO ESTABLISH THE COMPENSATION OF THE EXECUTIVE DIRECTOR OF THE FILING ORGANIZATION: COMPENSATION COMMITTEE, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
- PART I, LINES 4A-B
- RICHARD PAPPAS, ANTHONY ANDERSON AND RACHEL RENDER PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN. DAVE VENEKLASE RECEIVED A SEVERANCE PAYMENT OR CHANGE OF CONTROL PAYMENT FROM A RELATED ORGANIZATION.
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
-
$1,549,552
SPECIFIC PROGRAM FUND GRANTS
-
$1,405,141
TUITION SCHOLARSHIPS FOR DAVENPORT UNIVERSITY STUDENTS
-
$290,000
GENERAL OPERATING SUPPORT
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
501(C)(3) · HIGHER EDUCATION · MI
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 12 March 2026
- IRS schema version
- 2024v5.5
- Source object
- 202620759349301427
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