Davenport Schools Foundation
- Assets
- $2.1m
- Revenue
- $253.0k
- Investments
- $0.0
- Employees
- 2
- Location
- Davenport, IA
- Founding
- 07/1988
- Data as of
- 06/2021
- EIN
- 42-1304688
Organization Overview
Davenport Schools Foundation is located in Davenport, IA. The organization was established in 1988. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2021, Davenport Schools Foundation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Davenport Schools Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Davenport Schools Foundation generated $253.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (20.3%) each year. All expenses for the organization totaled $159.4k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (12.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE OTHERWISE UNAVAILABLE RESOURCES TO ENHANCE THE DAVENPORT COMMUNITY SCHOOL DISTRICT'S EDUCATIONAL ENVIRONMENT TO HELP STUDENTS PURSUE FULL POTENTIAL.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FINANCIAL ASSISTANCE TO THE DAVENPORT COMMUNITY SCHOOL DISTRICT FOR EDUCATION SERVICES NOT PROVIDED BY THE SCHOOL DISTRICT'S NORMAL OPERATING BUDGET.
THE SCHOLARSHIP PROGRAM PROVIDES MONETARY ASSISTANCE TO DCSD STUDENTS FOR POST SECONDARY EDUCATION OPPORTUNITIES. THE SCHOLARSHIP PROGRAM DISTRIBUTED 73 SCHOLARSHIPS TO DCSD STUDENTS.
GREAT MINDS IS A CURRICULUM-BASED ENRICHMENT PROGRAM THAT ENABLES STUDENTS TO EXPERIENCE AN ENHANCED EDUCATION BY PROVIDING RESOURCES TO TAKE STUDENTS TO AREA LEARNING CENTERS AS WELL AS BRING EXPERTS INTO THE CLASSROOM. THE PROGRAM ADMINISTERS "MINI-GRANTS" FOR TEACHERS THROUGHOUT THE DISTRICT TO HELP WITH CLASSROOM PROJECTS, EXPERIMENTS AND SPEAKERS. DUE TO THE COVID-19 PANDEMIC, THE GREAT MINDS PROGRAM WAS ON HOLD. THEREFORE, THERE WERE NO MINI GRANTS AWARDED DURING THE FISCAL YEAR ENDED JUNE 30, 2021 AND NO FIELD TRIPS TOOK PLACE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ami Wells Executive Director | Officer | 30 | $39,000 |
Jennifer Weyeneth Program Director | Officer | 10 | $10,162 |
Michelle Steining Co-Treasurer (through 2020) | OfficerTrustee | 0 | $0 |
Tim Chen President | OfficerTrustee | 5 | $0 |
Manny Fritz Co-Treasurer & Scholarship | OfficerTrustee | 5 | $0 |
Greg Gowey Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $102,774 |
| Noncash contributions included in lines 1a–1f | $37,295 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $102,774 |
| Total Program Service Revenue | $0 |
| Investment income | $60,894 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $89,366 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $253,034 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $600 |
| Grants and other assistance to domestic individuals. | $90,362 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $42,969 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $2,930 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $13,136 |
| Fees for services: Other | $354 |
| Advertising and promotion | $0 |
| Office expenses | $4,217 |
| Information technology | $1,383 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $750 |
| All other expenses | $0 |
| Total functional expenses | $159,398 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $24,617 |
| Savings and temporary cash investments | $45,919 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,065,495 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,136,031 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $63,587 |
| Total liabilities | $63,587 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $2,072,444 |
| Total liabilities and net assets/fund balances | $2,136,031 |
Grants Awarded
Over the last fiscal year, Davenport Schools Foundation has awarded $249,410 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
DAVENPORT COMMUNITY SCHOOL DISTRICT PURPOSE: PROGAM FUNDING - CREATIVE ARTS ACADEMY | $100,000 |
DAVENPORT COMMUNITY SCHOOL DISTRICT PURPOSE: PROGAM FUNDING - CREATIVE ARTS ACADEMY | $100,000 |
DAVENPORT COMMUNITY SCHOOL DISTRICT PURPOSE: PROGRAM FUNDING - OPPORTUNITY FOR ALL | $24,705 |
DAVENPORT COMMUNITY SCHOOL DISTRICT PURPOSE: PROGRAM FUNDING - OPPORTUNITY FOR ALL | $24,705 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Davenport Schools Foundation has recieved totaling $18,950.
| Awarding Organization | Amount |
|---|---|
Quad Cities Community Foundation Bettendorf, IA PURPOSE: CAREER AND COLLEGE READINESS PROGRAMS, EXPERIENTIAL SCHOLARSHIP PROGRAM | $18,450 |
Joyce And Tony Singh Family Foundation Inc LeClaire, IA PURPOSE: GENERAL SUPPORT | $500 |
Endowment Analysis
| Beg. Balance | $199,355 |
| Earnings | $56,242 |
| Admin Expense | $2,215 |
| Grants | $18,323 |
| Ending Balance | $235,059 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Principia Corporation St Louis, MO | $1,121,774,918 | $256,921,200 |
Youth Connection Charter School Chicago, IL | $19,677,483 | $57,450,809 |
Blake School Hopkins, MN | $191,397,009 | $55,181,768 |
Latin School Of Chicago Chicago, IL | $156,636,530 | $50,037,538 |
Francis W Parker School Chicago, IL | $194,788,594 | $67,683,715 |
Mary Institute And Saint Louis Country Day School St Louis, MO | $240,203,179 | $40,528,498 |
Breck School Minneapolis, MN | $145,805,473 | $46,151,265 |
Confluence Academy St Louis, MO | $36,687,360 | $48,180,498 |
St Lukes-Jones Regional Medical Center Anamosa, IA | $65,819,310 | $47,904,266 |
Pembroke Hill School Kansas City, MO | $163,708,613 | $51,122,329 |
University School Of Milwaukee Corporation Milwaukee, WI | $59,516,474 | $37,531,617 |
St Paul Academy And Summit School Saint Paul, MN | $155,552,723 | $37,579,320 |