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Filing year 2023

DAVENPORT UNIVERSITY FOUNDATION

Grand Rapids, Michigan·EIN 38-2434184·NTEE B114 · Education·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 · Schedule J · 4 reported individuals · Filing year 2023

Trustee
board member
$344k
$380k
Executive Director/secretary
director (operational)
$103k
$114k
Former Interim Treasurer/secretary/evp Finance/cfo
former officer/director/trustee
$42k
$46k
Trustee
board member
$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

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.

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

Revenue and expenses over time

DAVENPORT UNIVERSITY FOUNDATION reported revenue and expenses across 2 filing years.

RevenueExpenses
$2.4M
$5.1M
2022
$2.7M
$3.1M
2023
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Education executives earn in Michigan

Comparable education organizations in Michigan pay their highest-earning executive a median of $73,500.

25th percentile
$36k
Median
$73,500
75th percentile
$198k
90th percentile
$424k

These are education sector-wide figures, not this organization's reported pay. Based on 159 organizations across 159 filings (2021 – 2023).

See full Education pay data for Michigan
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