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Nonprofiteer
← DAVENPORT UNIVERSITY FOUNDATION

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

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.

Provenance

Return type
form_990
Tax year
2024
Filed
12 March 2026
IRS schema version
2024v5.5
Source object
202620759349301427

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