William Davidson Institute At The University Of Michigan School Of B

Ann Arbor, MI
Tax-exempt since Nov. 1992
EIN: 38-3048086

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: International, Foreign Affairs and National Security / International Economic Development (NTEE)

Donations to this organization are tax deductible.

Details

According to its June 2023 tax filing, this nonprofit:

Operated a school

Organization is a school. Details are reported on Schedule E.

Revenue

$3.65M (2023)

Expenses

$5.5M (2023)

Total Assets

$53.4M (2023)

Total Liabilities

$691k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings and Audits by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Audits are required to be submitted by nonprofit organizations that spend $750,000 or more in federal grant money in a fiscal year. "Single audits" look at the entire organization's finances and compliance, while other audits are program specific. Nonprofit Explorer has PDFs of audits for some nonprofits for fiscal year 2015 and later. Audit data is from the Federal Audit Clearinghouse.

Fiscal Year Ending June
2023

Revenue

$3,649,986

Expenses

$5,502,649

Net Income

-$1,852,663

Net Assets

$52,693,227

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$569	0.0%
Program Services	$1,747,397	47.9%
Investment Income	$1,901,630	52.1%
Bond Proceeds	$0
Royalties	$390	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,102,971	20.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,308,034	41.9%

Assets/Debt
Total Assets	$53,384,176
Total Liabilities	$690,949
Net Assets	$52,693,227

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Paul Clyde (President)	$475,217	$0	$68,042
Amy Gillett (Vp Education Secretary)	$268,107	$0	$51,034
Claire Hogikyan (Vp Administration Treasurer)	$233,194	$0	$27,018
Ioan Cleaton Jones (Director Healthcare Delivery)	$227,702	$0	$41,020
Pascale Leroueil (Vp Healthcare)	$212,660	$0	$29,046
Diana Paez (Sr Director Grants)	$167,141	$0	$25,976
Heather Esper (Director Performance Measurement)	$140,484	$0	$39,064
Scott Anderson (Communications Manager)	$117,905	$0	$41,033
Sharon Matusik (Chair Of The Board)	$40,000	$0	$0
Mayurem Krishnan (Director Audit Committee)	$16,367	$0	$0
Ravi Anupindi (Director)	$9,392	$0	$0
John Engler (Director)	$7,500	$0	$0
Kenneth Lieberthal (Director)	$7,500	$0	$0
Valerie Bertacco (Director)	$7,500	$0	$0
Karen Davidson (Director)	$0	$0	$0
Ralph Gerson (Director)	$0	$0	$0

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990

Filed on May 13, 2024

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2022

Revenue

$3,314,047

Expenses

$5,324,487

Net Income

-$2,010,440

Net Assets

$56,455,770

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$678	0.0%
Program Services	$1,482,799	44.7%
Investment Income	$1,830,015	55.2%
Bond Proceeds	$0
Royalties	$555	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,048,289	19.7%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,037,686	38.3%

Assets/Debt
Total Assets	$57,138,414
Total Liabilities	$682,644
Net Assets	$56,455,770

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Paul Clyde (President)	$487,315	$0	$71,738
Amy Gillett (Vp Education Secretary)	$267,820	$0	$48,542
Claire Hogikyan (Vp Administration Treasurer)	$230,995	$0	$24,308
Ioan Cleaton Jones (Director Healthcare Delivery)	$212,401	$0	$37,544
Pascale Leroueil (Vp Healthcare)	$211,032	$0	$27,986
Diana Paez (Sr Director Grants Partnerships)	$163,239	$0	$24,960
Heather Esper (Director Performance Measurement)	$128,185	$0	$46,939
Scott Anderson (Communications Manager)	$114,471	$0	$37,816
Francine La Fontaine (Chair Of The Board)	$40,996	$0	$0
Mayurem Krishnan (Director Audit Committee)	$17,824	$0	$0
Ravi Anupindi (Director)	$9,172	$0	$0
John Engler (Director)	$7,500	$0	$0
Kenneth Lieberthal (Director)	$7,500	$0	$0
Valerie Bertacco (Director)	$7,500	$0	$0
Karen Davidson (Director)	$0	$0	$0
Ralph Gerson (Director)	$0	$0	$0

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990

Filed on May 5, 2023

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2021

Revenue

$3,759,607

Expenses

$5,567,339

Net Income

-$1,807,732

Net Assets

$54,054,345

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$689	0.0%
Program Services	$1,967,813	52.3%
Investment Income	$1,790,978	47.6%
Bond Proceeds	$0
Royalties	$127	0.0%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,100,334	19.8%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,557,265	45.9%

Assets/Debt
Total Assets	$55,197,050
Total Liabilities	$1,142,705
Net Assets	$54,054,345

Operated a school

Compensation

Key Employees and Officers	Compensation	Related	Other
Paul Clyde (President)	$415,567	$0	$57,525
Amy Gillett (Vp Education Secretary)	$254,626	$0	$48,550
Claire Hogikyan (Vp Administration Publishing)	$218,275	$0	$23,790
Pascale Leroueil (Vp Healthcare)	$200,474	$0	$26,928
David Butz (Senior Research Fellow)	$178,902	$0	$53,889
Andrea Bare (Senior Advisor)	$163,369	$0	$27,897
Diana Paez (Sr Director Grants Partnerships)	$161,817	$0	$22,870
Heather Esper (Director Performance Measurement)	$134,019	$0	$27,362
Daniel De Rue (Chair Of The Board)	$20,000	$0	$0
Francine La Fontaine (Interim Chair Of The Board)	$20,000	$0	$0
Mayurem Krishnan (Director Audit Committee)	$12,000	$0	$0
Ravi Anupindi (Director)	$7,500	$0	$0
Valerie Bertacco (Director)	$7,500	$0	$0
John Engler (Director)	$7,500	$0	$0
Karen Davidson (Director)	$0	$0	$0
Ralph Gerson (Director)	$0	$0	$0

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990

Filed on May 11, 2022

Primary tax return for a nonprofit’s activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending June
2020

Revenue

$4,581,356

Expenses

$5,963,762

Net Income

-$1,382,406

Net Assets

$42,681,731

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,570	0.0%
Program Services	$2,759,214	60.2%
Investment Income	$1,817,188	39.7%
Bond Proceeds	$0
Royalties	$2,734	0.1%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$650	0.0%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$913,648	15.3%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,719,039	45.6%

Assets/Debt
Total Assets	$43,502,070
Total Liabilities	$820,339
Net Assets	$42,681,731

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2019

Revenue

$4,554,283

Expenses

$6,130,174

Net Income

-$1,575,891

Net Assets

$46,342,895

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,923	0.0%
Program Services	$2,710,038	59.5%
Investment Income	$1,830,136	40.2%
Bond Proceeds	$0
Royalties	$2,941	0.1%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$9,245	0.2%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$957,824	15.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,673,346	43.6%

Assets/Debt
Total Assets	$47,970,455
Total Liabilities	$1,627,560
Net Assets	$46,342,895

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2018

Revenue

$4,473,997

Expenses

$6,445,105

Net Income

-$1,971,108

Net Assets

$47,126,143

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$158	0.0%
Program Services	$2,635,120	58.9%
Investment Income	$1,831,101	40.9%
Bond Proceeds	$0
Royalties	$3,878	0.1%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$3,740	0.1%

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,225,787	19.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,948,643	45.8%

Assets/Debt
Total Assets	$48,228,894
Total Liabilities	$1,102,751
Net Assets	$47,126,143

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2017

Revenue

Expenses

$8,597,728

Net Income

-$8,597,728

Net Assets

$46,832,461

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$0
Program Services	$0
Investment Income	$0
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,166,024	13.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,904,637	33.8%

Assets/Debt
Total Assets	$48,109,561
Total Liabilities	$1,277,100
Net Assets	$46,832,461

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Audits

Audit for a nonprofit that spends $750,000+ in federal grant money in a fiscal year

PDF

Fiscal Year Ending June
2016

Revenue

$8,638,867

Expenses

$8,779,390

Net Income

-$140,523

Net Assets

$46,334,357

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,655,371	19.2%
Program Services	$5,141,512	59.5%
Investment Income	$1,837,050	21.3%
Bond Proceeds	$0
Royalties	$4,934	0.1%
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,464,897	28.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,024,616	23.1%

Assets/Debt
Total Assets	$47,796,817
Total Liabilities	$1,462,460
Net Assets	$46,334,357

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2015

Revenue

$6,446,607

Expenses

$7,703,756

Net Income

-$1,257,149

Net Assets

$48,537,407

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$864,046	13.4%
Program Services	$3,692,824	57.3%
Investment Income	$1,889,737	29.3%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,933,434	25.1%
Professional Fundraising Fees	$0
Other Salaries and Wages	$2,065,674	26.8%

Assets/Debt
Total Assets	$51,159,325
Total Liabilities	$2,621,918
Net Assets	$48,537,407

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2014

Revenue

$5,702,840

Expenses

$6,637,852

Net Income

-$935,012

Net Assets

$49,688,394

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,407,458	24.7%
Program Services	$2,006,506	35.2%
Investment Income	$2,288,876	40.1%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,057,918	31.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,449,156	21.8%

Assets/Debt
Total Assets	$51,878,328
Total Liabilities	$2,189,934
Net Assets	$49,688,394

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2013

Revenue

$5,041,046

Expenses

$6,200,936

Net Income

-$1,159,890

Net Assets

$45,766,107

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$982,781	19.5%
Program Services	$1,768,342	35.1%
Investment Income	$2,289,923	45.4%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$2,140,431	34.5%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,440,841	23.2%

Assets/Debt
Total Assets	$46,789,448
Total Liabilities	$1,023,341
Net Assets	$45,766,107

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2012

Revenue

$5,089,079

Expenses

$6,144,505

Net Income

-$1,055,426

Net Assets

$45,400,678

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,397,293	27.5%
Program Services	$1,566,822	30.8%
Investment Income	$2,124,964	41.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,782,420	29.0%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,455,485	23.7%

Assets/Debt
Total Assets	$46,572,761
Total Liabilities	$1,172,083
Net Assets	$45,400,678

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending June
2011

Revenue

$5,809,153

Expenses

$6,410,272

Net Income

-$601,119

Net Assets

$47,932,612

Notable Sources of Revenue		Percent of Total Revenue
Contributions	$1,999,440	34.4%
Program Services	$1,320,833	22.7%
Investment Income	$2,488,880	42.8%
Bond Proceeds	$0
Royalties	$0
Rental Property Income	$0
Net Fundraising	$0
Sales of Assets	$0
Net Inventory Sales	$0
Other Revenue	$0

Notable Expenses		Percent of Total Expenses
Executive Compensation	$1,706,448	26.6%
Professional Fundraising Fees	$0
Other Salaries and Wages	$1,132,366	17.7%

Assets/Debt
Total Assets	$49,175,244
Total Liabilities	$1,242,632
Net Assets	$47,932,612

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Updated December 2, 2024

William Davidson Institute At The University Of Michigan School Of B

Organization summary

Type of Nonprofit

Details

Summary charts: organization finances over time

Revenue $3.65M (2023)

Expenses $5.5M (2023)

Total Assets $53.4M (2023)

Total Liabilities $691k (2023)

Tax Filings and Audits by Year

Fiscal Year Ending June 2023

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending June 2022

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending June 2021

Extracted Financial Data

Extracted Financial Data from Form 990

Other

Compensation

Document Links

990

Fiscal Year Ending June 2020

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2019

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2018

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Audits

Fiscal Year Ending June 2017

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Audits

Fiscal Year Ending June 2016

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2015

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2014

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2013

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2012

Extracted Financial Data

Extracted Financial Data from Form 990

Document Links

990

Fiscal Year Ending June 2011

Extracted Financial Data

Revenue

$3.65M (2023)

Expenses

$5.5M (2023)

Total Assets

$53.4M (2023)

Total Liabilities

$691k (2023)

Fiscal Year Ending June
2023

Fiscal Year Ending June
2022

Fiscal Year Ending June
2021

Fiscal Year Ending June
2020

Fiscal Year Ending June
2019

Fiscal Year Ending June
2018

Fiscal Year Ending June
2017

Fiscal Year Ending June
2016

Fiscal Year Ending June
2015

Fiscal Year Ending June
2014

Fiscal Year Ending June
2013

Fiscal Year Ending June
2012

Fiscal Year Ending June
2011

Fiscal Year Ending June
2010

Fiscal Year Ending June
2009

Fiscal Year Ending June
2008

Fiscal Year Ending June
2007

Fiscal Year Ending June
2006

Fiscal Year Ending June
2005

Fiscal Year Ending June
2004

Fiscal Year Ending June
2003

Fiscal Year Ending June
2002

Fiscal Year Ending June
2001