William Davidson Institute At The University Of Michigan School Of B
- Assets
- $57.1m
- Revenue
- $3.3m
- Investments
- $56.0m
- Employees
- 31
- Location
- Ann Arbor, MI
- Founding
- 11/1992
- Data as of
- 06/2022
- EIN
- 38-3048086
Organization Overview
William Davidson Institute At The University Of Michigan School Of B, operating under the name Wdi, is located in Ann Arbor, MI. The organization was established in 1992. According to its NTEE Classification (Q32) the organization is classified as: International Economic Development, under the broad grouping of International, Foreign Affairs & National Security and related organizations. As of 06/2022, Wdi employed 31 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Wdi 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 06/2022, Wdi generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (10.1%) each year. All expenses for the organization totaled $5.3m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (4.6%) per year over the past 3 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO OPERATE A NOT-FOR-PROFIT PROPRIETARY SCHOOL OFFERING COURSES AND INSTRUCTION IN BUSINESS MANAGEMENT IN EMERGING MARKETS AND ALLIED FIELDS TO EQUIP ECONOMIC DECISION-MAKERS IN EMERGING COUNTRIES WITH THE TOOLS OF COMMERCIAL SUCCESS
Describe the Organization's Program Activity:
Part 3 - Line 4a
EDUCATION IN FISCAL YEAR 2022 WDI RAN 4 PROFESSIONAL EXECUTIVE EDUCATION PROGRAMS IN 3 COUNTRIES WITH PARTICIPANTS REPRESENTING COUNTRIES BEYOND THE HOST COUNTRIES. THESE PROGRAMS WERE DELIVERED BOTH IN PERSON AND VIRTUAL AND FOR VARIOUS DURATIONS.
RESEARCH THE INSTITUTE PERFORMED RESEARCH TO ACT AS A BRIDGE BETWEEN ACADEMICS AND PRACTITIONERS IN THE AREAS OF : HEALTHCARE BUSINESS APPROACHES TO IMPROVE HEALTHCARE DELIVERY IN EMERGING MARKETS AND SUPPLY CHAIN MANAGEMENT; PERFORMANCE MEASUREMENT THE DESIGN AND IMPLEMENTATION OF CUSTOMIZED ASSESSMENT SOLUTIONS TO UNDERSTAND THE ECONOMIC SOCIAL AND ENVIRONMENTAL PERFORMANCE AND OUTCOMES OF ORGANIZATIONS AND BUSINESSES OPERATING IN EMERGING MARKETS; FINANCIAL SECTOR DEVELOPMENT IDENTIFIES AND IMPLEMENTS WAYS FOR FINANCIAL INSTITUTIONS TO PROFITABLY LOWER THE COST OF CAPITAL AVAILABLE TO SMALL AND MEDIUM SIZED ENTERPRISES IN EMERGING ECONOMIES AND ENERGY IDENTIFIES INDIVIDUALS COMMUNITIES AND COMPANIES; DEVELOPING INNOVATIVE APPROACHES TO GENERATING POWER AND CONNECT THEM WITH THE EXPERTISE KNOWLEDGE AND TOOLS TO BUILD PROFITABLE ENTERPRISES.
PUBLISHING PUBLISHING FOCUSES ON THE DISSEMINATION OF INFORMATION VIA CURATED ONLINE BLOGS AND THE DEVELOPMENT AND DISTRIBUTION OF BUSINESS CASES. BLOGS FOCUSED ON THE DISCIPLINES OF FINANCIAL INNOVATION AND HEALTHCARE EXPLORE MARKET SOLUTIONS TO POVERTY AND ARE SHARED VIA NEXTBILLION.NET. BUSINESS CASES ARE DISTRIBUTED VIA WDI-PUBLISHING.COM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Clyde President | Officer | 40 | $487,315 |
Amy Gillett VP Education Secretary | Officer | 40 | $267,820 |
Claire Hogikyan VP Administration Treasurer | Officer | 40 | $230,995 |
Ioan Cleaton-Jones Director Healthcare Delivery | 40 | $212,401 | |
Pascale Leroueil VP Healthcare | 40 | $211,032 | |
Diana Paez Sr Director Grants Partnerships | 40 | $163,239 |
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 | $678 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $678 |
| Total Program Service Revenue | $1,482,799 |
| Investment income | $1,830,015 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $555 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,314,047 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $121,139 |
| Grants and other assistance to domestic individuals. | $65,651 |
| Grants and other assistance to Foreign Orgs/Individuals | $13,310 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,048,289 |
| Compensation of current officers, directors, key employees. | $773,870 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,037,686 |
| Pension plan accruals and contributions | $197,146 |
| Other employee benefits | $251,979 |
| Payroll taxes | $190,268 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $40,650 |
| Fees for services: Accounting | $69,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $844,039 |
| Advertising and promotion | $5,470 |
| Office expenses | $77,108 |
| Information technology | $45,236 |
| Royalties | $100,413 |
| Occupancy | $0 |
| Travel | $109,434 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $23,320 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $26,088 |
| Insurance | $57,808 |
| All other expenses | $0 |
| Total functional expenses | $5,324,487 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $469,846 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $51,452 |
| Accounts receivable, net | $266,181 |
| 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 | $99,304 |
| Net Land, buildings, and equipment | $225,034 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $56,026,597 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $57,138,414 |
| Accounts payable and accrued expenses | $490,217 |
| Grants payable | $0 |
| Deferred revenue | $192,427 |
| 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 | $0 |
| Total liabilities | $682,644 |
| Net assets without donor restrictions | $56,455,770 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $57,138,414 |
Grants Awarded
Over the last fiscal year, William Davidson Institute At The University Of Michigan School Of B has awarded $110,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
DAB ANALYTICS PURPOSE: corporate executive training in low- and middle-income countries | $60,000 |
MICHIGAN ACADEMY FOR THE DEVELOPMENT OF ENTREPRENEURS PURPOSE: To support the creation and testing of educational tools for improving and developing the capabilities of entrepreneurs in economically disadvantaged jurisdictions outside of the United States | $50,000 |