Davenport University
86% goes to programs $12 to raise $100 Strong reserves
Davenport University is a 501(c)(3) organization based in Grand Rapids, Michigan, registered in 1971, with $125,921,834 in FY2024 revenue. CharityIndex grades it A, and it directs about 86% of spending to programs.
6191 Kraft Ave Se, Grand Rapids, MI, 49512 EIN 38-1945965 Since 1971
Revenue (FY2024)
$125.9M
▲ 5.7% vs prior year
Education median: $200K
Expenses (FY2024)
$128.3M
Net assets
$72.0M
Employees
1,432
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating86% to programs · $12 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For Davenport University: 86% to programs · $12 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · -2% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Davenport University: 7 mo reserves · -2% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For Davenport University: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Davenport University: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Post-secondary educational institution preparing students for careers in business, health, and technology. quality, career-oriented academic programs are offered throughout the main campus in grand rapids and other campuses throughout michigan.
What they do
Educating business professionals through non-credit courses in various areas.
Contact & location
- Address
- 6191 Kraft Ave Se, Grand Rapids, MI, 49512
- City
- Grand Rapids
- State
- Michigan
- Category
- Education
- Subcategory
- Colleges & Universities
- Phone
- …
- Website
- …
Financial trends
Revenue declined from $129.9M (FY2013) to $125.9M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $68.7MNet assets $72.0M
Operating margin
-1.9%
Spent more than it raised in the latest fiscal year.
Total assets
$140.6M
Total liabilities
$68.7M
Net assets
$72.0M
Salaries & benefits
$44.1M
34% of expenses
Board members
12
10 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $125,921,834▲5.7% | $128,282,948▲4.1% | $71,952,627▼4.4% | $140,638,059▼2.4% | 990 |
| 2023 | $119,108,531▲0.4% | $123,249,705▼5.4% | $75,236,883▼4.9% | $144,141,892▼7.5% | 990 |
| 2022 | $118,629,455▼8.7% | $130,334,641▲1.0% | $79,092,270▼12.4% | $155,806,618▲4.3% | 990 |
| 2021 | $130,003,886▲4.8% | $129,091,637▲3.2% | $90,242,925▲0.6% | $149,447,617▼5.5% | 990 |
| 2020 | $124,104,326▼0.2% | $125,128,324▼0.7% | $89,692,757▼1.7% | $158,159,114▼1.2% | 990 |
| 2019 | $124,297,291▲1.4% | $125,977,060▲0.6% | $91,200,241▼2.8% | $160,096,833▼3.3% | 990 |
| 2018 | $122,549,508▲0.3% | $125,191,658▼0.8% | $93,852,042▼4.3% | $165,525,534▼3.7% | 990 |
| 2017 | $122,238,166▼4.3% | $126,150,190▼1.0% | $98,019,867▼7.7% | $171,834,577▼4.3% | 990 |
| 2016 | $127,667,578▲2.9% | $127,367,587▲2.2% | $106,142,544▲1.7% | $179,629,087▼3.3% | 990 |
| 2015 | $124,063,088▲0.3% | $124,602,783▲1.0% | $104,386,151▼1.6% | $185,766,823▲7.8% | 990 |
| 2014 | $123,714,180▼4.7% | $123,315,486▼1.9% | $106,069,256▲0.1% | $172,265,884▼0.4% | 990 |
| 2013 | $129,854,225 | $125,653,993▼6.4% | $105,962,353▲5.4% | $172,880,871▲0.5% | 990 |
| 2012 | — | $134,302,431▲0.1% | $100,537,969▼5.9% | $172,011,893▲2.9% | 990 |
| 2011 | — | $134,216,646▲5.1% | $106,882,676▲0.7% | $167,108,857▼2.4% | 990 |
| 2010 | — | $127,714,685▲6.4% | $106,121,611▼6.2% | $171,278,159▼7.0% | 990 |
| 2009 | — | $120,069,080 | $113,077,533 | $184,258,599 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2024)
Highest-paid: David Veneklase — $1,089,454 (0.85% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| David Veneklase | Former Interim Treas/sec/evp Finance and Cfo | 0 | $1,089,454 |
| Richard Pappas | President | 40 | $575,108 |
| Anthony Anderson | Treas/sec/evp For Finance and Cfo | 40 | $300,200 |
| Gilda Gely | Evp For Academics and Provost | 40 | $285,675 |
| Scott Epstein | Evp For Quality and Effectiveness | 40 | $274,179 |
| Rachel Render | Evp For Advancement | 40 | $258,839 |
| Walter O'neill | Evp For Enrollment and Student Services | 40 | $247,800 |
| Debra Cooper | Evp For Marketing and Communications | 40 | $243,984 |
| Gerald Nyambane | Dean, College of Arts and Sciences and College of | 40 | $203,892 |
| Amy Mansfield | Dean - Maine College of Business/college of Tech | 40 | $203,681 |
| Anthony Chang | Trustee | 1 | — |
| Doyle Hayes | Trustee | 1 | — |
| Ileana Mcalary | Trustee | 1 | — |
| Keith Klingenberg | Trustee | 1 | — |
| Kent Riddle | Trustee | 1 | — |
| Mark Stiers | Trustee | 1 | — |
| Michelle Vandyke | Vice-chairman | 1 | — |
| Paula Cunningham | Chair | 1 | — |
| Rachel Mraz | Trustee | 1 | — |
| Rami Fawaz | Trustee | 1 | — |
Top vendors & contractors (FY2024)
| Contractor | Services | Paid |
|---|---|---|
| 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 |
Grants received · $1.1M total
37 grants to Davenport University totaling $1.1M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Network For Good Inc | Unrestricted | 2024 | $59,277 |
| National Christian Charitable Foundation | Colleges and universities | 2024 | $25,000 |
| Network For Good Inc | Unrestricted | 2023 | $87,661 |
| National Collegiate Athletic Association | Grants | 2023 | $39,442 |
| National Christian Charitable Foundation | Growth | 2023 | $25,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $11,300 |
| Community Foundation For Southeast Michigan | Education program | 2022 | $75,000 |
| Network For Good Inc | Unrestricted | 2022 | $60,885 |
| National Christian Charitable Foundation | Growth | 2022 | $50,000 |
| National Christian Charitable Foundation | Growth | 2022 | $50,000 |
| National Collegiate Athletic Association | Grants | 2022 | $47,536 |
| Charities Aid Foundation America | Charitable donation | 2022 | $24,750 |
| Donor Advised Charitable Giving | Education | 2022 | $8,000 |
| National Collegiate Athletic Association | Grants | 2021 | $66,187 |
| Network For Good Inc | Unrestricted | 2021 | $55,432 |
Grants made · $5,200 in FY2019
1 grant totaling $5,200 in FY2019. All grants made by Davenport University →
| Recipient | Purpose | Amount |
|---|---|---|
| Davenport University Foundation | General operating support | $5,200 |
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Compare Davenport University
Frequently asked questions
- Is Davenport University a legitimate nonprofit?
- Yes. Davenport University is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 38-1945965, based in Grand Rapids, Michigan. Donations are tax-deductible.
- What is Davenport University's EIN?
- Davenport University's Employer Identification Number (EIN) is 38-1945965.
- How much revenue does Davenport University report?
- Davenport University reported $125,921,834 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Davenport University's spending goes to programs?
- Davenport University spends about 86% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Davenport University have?
- CharityIndex grades Davenport University A, based on program efficiency and fundraising cost.
- How much does Davenport University's highest-paid employee make?
- The highest reported compensation on Davenport University's latest Form 990 is $1,089,454, paid to David Veneklase (Former Interim Treas/sec/evp Finance and Cfo).
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Data for Davenport University (EIN 38-1945965) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.