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Filing year 2023

DAVENPORT UNIVERSITY FOUNDATION

Grand Rapids, Michigan·EIN 38-2434184·NTEE B114 · Education·501(c)(3)
Total revenue
$2.7M
Total assets
$37.1M
Total expenses
$3.1M
Reported officers
12
Mission

TO SECURE FINANCIAL SUPPORT FOR THE PURPOSE OF GROWING THE UNIVERSITY FOUNDATION ENDOWMENT, STUDENT SCHOLARSHIPS, AND THE DEVELOPMENT OF NEEDED PROGRAMS AND CAPITAL PROJECTS.

Executive compensation

Form 990 · Part VII & Schedule J · 4 reported individuals · Filing year 2023

Percentile bands compare each position's total pay with the same role at Education organizations in Michigan.

Trustee
Board Member
Above 90th percentile
$344k
$380k
Executive Director/secretary
Director (Operational)
25th percentile to medianvs Education peers nationwide
$103k
$114k
Former Interim Treasurer/secretary/evp Finance/cfo
Former Officer/director/trustee
10th to 25th percentilevs Education peers nationwide
$42k
$46k
Trustee
Board Member
Median to 75th percentile
$40k
$44k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 8 unpaid individuals.

Browse compensation in Education

Pay in context

Top pay as a share of expenses

In 2023, the highest total compensation at DAVENPORT UNIVERSITY FOUNDATION equaled 11% of the organization's total expenses. The median for education organizations is 7%.

This organization (2023)
11%
Sector median
7%
Middle half of sector
2% to 17%

Based on 26,320 education organizations, each measured at its most recent filing year with reported expenses and compensation.

Funded by

Private foundations whose Form 990-PF Part XV grants matched this organization.

Down 4%
from 2022

From $359k in 2022 to $344k in 2023.

$359k
2022
$344k
2023
In today's dollarsEst.
Down 8% in real terms$412k to $380k

Estimated with BLS CPI-U for the Midwest region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Board Member pay fell 4% from 2022 to 2023, while revenue rose 10%.

$359k in 2022 to $344k in 2023.
  • Director (Operational) pay rose 3% from 2022 to 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about DAVENPORT UNIVERSITY FOUNDATION

What does the Board Member of DAVENPORT UNIVERSITY FOUNDATION earn?

In 2023, the Board Member of DAVENPORT UNIVERSITY FOUNDATION received $343,926 in total compensation. This pay is in the top 10% for Board Member roles among Education organizations in Michigan: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.

How does Board Member pay at DAVENPORT UNIVERSITY FOUNDATION compare with similar nonprofits?

Compared with the same role at Education organizations in Michigan, the 2023 pay of the Board Member at DAVENPORT UNIVERSITY FOUNDATION falls in the top 10%. In 2023, the highest total compensation at DAVENPORT UNIVERSITY FOUNDATION equaled 11% of the organization's total expenses. The median for education organizations is 7%.

What are DAVENPORT UNIVERSITY FOUNDATION's revenue and expenses?

In 2023, DAVENPORT UNIVERSITY FOUNDATION reported $2.7M in total revenue and $3.1M in total expenses on its IRS Form 990.

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