Davenport University
Davenport University reported $125.9 million in revenue and $128.3 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $85.72 went to program services, $13.63 to management and general costs and $0.65 to fundraising. Its largest source of revenue was program service revenue such as fees, sales and contracts: 85.9% of the total. The highest compensation it reported for one person was $1,089,454 (FORMER INTERIM TREAS/SEC/EVP FINANCE AND CFO). 38 people received more than $100,000 in reportable compensation. Revenue rose 1% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $128MFor context, the median across 5,499 covered education charities: $85.56 programs, $13.59 management, $0.85 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $126MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 85.7% | 84.4% |
| Management & general Part IX 25(C) ÷ 25(A) | 13.6% | 13.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.7% | 0.8% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.12 | $0.04 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 5.6% | 19.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.1% | 1.1% |
| Program service revenue share Part VIII 2g ÷ 12 | 85.9% | 69.9% |
| Highest reported compensation Part VII-A, columns D–F | $1,089,454 | $331,578 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.85% | 1.28% |
| People paid over $100,000 Part VII, line 2 | 38 | 8 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 6.7 | 13.3 |
| Independent voting board members Part VI 1a–1b | 10 of 12 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseProvide 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
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| FORMER INTERIM TREAS/SEC/EVP FINANCE AND CFO Former, 0.00 hrs/week | $1,089,454 | $0 | $0 | $1,089,454 |
| PRESIDENT Director/trustee, officer, 40.00 hrs/week | $575,108 | $0 | $225,875 | $800,983 |
| EVP FOR QUALITY AND EFFECTIVENESS Highest compensated employee, 40.00 hrs/week | $274,179 | $0 | $137,138 | $411,317 |
| EVP FOR ENROLLMENT AND STUDENT SERVICES Key employee, 40.00 hrs/week | $247,800 | $0 | $141,714 | $389,514 |
| TREAS/SEC/EVP FOR FINANCE AND CFO Officer, 40.00 hrs/week | $300,200 | $0 | $83,006 | $383,206 |
| EVP FOR ACADEMICS AND PROVOST Key employee, 40.00 hrs/week | $285,675 | $0 | $82,592 | $368,267 |
| EVP FOR ADVANCEMENT Highest compensated employee, 40.00 hrs/week | $258,839 | $0 | $106,731 | $365,570 |
| EVP FOR MARKETING AND COMMUNICATIONS Highest compensated employee, 40.00 hrs/week | $243,984 | $0 | $96,727 | $340,711 |
38 people received more than $100,000 in reportable compensation from Davenport University (Part VII, line 2). Compensation of current officers, directors and key employees totaled $2.1M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b12 · 10 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26Yes
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bYes
- Employees Part I, line 51,432
- Volunteers Part I, line 610
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| KRAFT 60TH LLC Building rent | $1,035,146 |
| DU APARTMENTS LLC Building rent | $810,727 |
| RUFFALO NOEL LEVITZ LLC Student enrollment services | $638,047 |
| 4M BUILDING SOLUTIONS LLC Facility maintence services | $498,281 |
| ELLUCIAN COMPANY LP Computer software subscriptions | $359,301 |
Individuals listed as contractors are left out. 12 contractors were paid more than $100,000 in all.
Private foundation grants it received
19 private foundations reported grants to Davenport University totaling $1.6M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Davenport University's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Davenport University, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Davenport University spent in FY2025, $85.72 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Saint Peter's UniversityJersey City, NJ · revenue $126M · programs 81.5% · FY2025
- Randolph-Macon CollegeAshland, VA · revenue $126M · programs 91.7% · FY2025
- University of Toledo Physicians Clinical FacultyToledo, OH · revenue $126M · programs 94.2% · FY2025
- The Hotchkiss SchoolLakeville, CT · revenue $126M · programs 67.1% · FY2025
- Lakeside SchoolSeattle, WA · revenue $125M · programs 82.4% · FY2025
Questions people ask
How much of Davenport University's spending goes to programs?
In the fiscal year ending June 30, 2025, Davenport University reported that 85.7% of its $128.3 million in expenses went to program services, 13.6% to management and general and 0.7% to fundraising (Form 990, Part IX).
How much does Davenport University pay its top executive?
The largest total compensation Davenport University reported for one person in the fiscal year ending June 30, 2025 was $1,089,454, for the role of FORMER INTERIM TREAS/SEC/EVP FINANCE AND CFO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Davenport University get its money?
Of $125.9 million in revenue in the fiscal year ending June 30, 2025, 5.6% came from contributions and grants (including 1.1% from government grants) and 85.9% from program service revenue (Form 990, Part VIII).
Is Davenport University a registered charity?
The IRS lists EIN 38-1945965 as a 501(c)(3) organization (school), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202640759349301429 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202530879349300733 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202410809349300241 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202310809349300231 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202241329349302609 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202110729349300401 · read the filing
All filings for EIN 38-1945965: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.