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← DAVENPORT UNIVERSITY FOUNDATION

Form 990 for tax year 2022

Filed by DAVENPORT UNIVERSITY FOUNDATION.

Totals

Total revenue
$2,423,738
Total expenses
$5,062,254
Contributions and grants received
$1,907,675
Grants paid
$4,914,722
Program service revenue
$0
Investment income
$851,070
Other revenue
-$335,007
Total assets, end of year
$34,936,508
Total liabilities, end of year
$61,955
Net assets or fund balances, end of year
$34,874,553
Program services expenses (Part IX)
$4,914,722
Management and general expenses
$147,532
Fundraising expenses
$0
Program service expenses (Part III)
$4,914,722

Program services were 97.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • RICHARD PAPPAS

    TRUSTEE

    Total calculated
    $970,434
    From this org
    $0
    From related orgs
    $611,327
    Other
    $359,107
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $381,327 related
    Bonus
    $0 + $191,406 related
    Other
    $0 + $38,594 related
    Deferred
    $0 + $328,575 related
    Nontaxable benefits
    $0 + $30,532 related
    Filer's total
    $0 + $970,434 related

  • WILLIAM LETTINGA

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    1

  • RACHEL MRAZ

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • JAMES ALBERS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • CHAD BASSETT

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • SCOTT GEERLINGS

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • RALPH SLIDER

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JANET VELDHOUSE

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEFFREY ZYLSTRA

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • JEFF LUMPP

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1

  • DAVE VENEKLASE

    TRUSTEE - PARTIAL YEAR

    Total calculated
    $384,333
    From this org
    $0
    From related orgs
    $321,518
    Other
    $62,815
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $233,241 related
    Bonus
    $0 + $87,026 related
    Other
    $0 + $1,251 related
    Deferred
    $0 + $50,741 related
    Nontaxable benefits
    $0 + $12,074 related
    Filer's total
    $0 + $384,333 related

  • ANTHONY ANDERSON

    TRUSTEE

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • RACHEL RENDER

    EXECUTIVE DIRECTOR/SECRETA

    Total calculated
    $381,585
    From this org
    $0
    From related orgs
    $281,808
    Other
    $99,777
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $193,556 related
    Bonus
    $0 + $79,550 related
    Other
    $0 + $8,702 related
    Deferred
    $0 + $65,668 related
    Nontaxable benefits
    $0 + $34,109 related
    Filer's total
    $0 + $381,585 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, and on a Form 990-PF Part VIII's — 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

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 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, LINE 4B
RICHARD PAPPAS, ANTHONY ANDERSON, RACHEL RENDER, AND DAVE VENEKLASE PARTICIPATED IN A SUPPLEMENTAL NON-QUALIFIED RETIREMENT PLAN.

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
2022
Filed
18 March 2024
IRS schema version
2022v5.0
Source object
202410809349301606

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