A.
|
Full
title of the plan:
|
B.
|
Name
of issuer of the securities
held pursuant to the plan and address of its principal executive
office:
|
2007
|
2006
|
|||||||
Assets
|
||||||||
Invesments,
at market value
|
$ |
236,875,403
|
$ |
197,729,620
|
||||
Receivables:
|
||||||||
Accrued
investment income
|
-
|
56,155
|
||||||
Employee
401(k) contributions
|
591,957
|
434,964
|
||||||
Company
contributions
|
4,919,209
|
3,750,761
|
||||||
Securities
sold but not received
|
76,957
|
-
|
||||||
Total
assets
|
242,463,526
|
201,971,500
|
||||||
Liabilities
|
||||||||
Administrative
expense payable
|
81,678
|
-
|
||||||
Total
liabilities
|
81,678
|
-
|
||||||
Net
Assets Available for Benefits
|
$ |
242,381,848
|
$ |
201,971,500
|
2007
|
2006
|
|||||||
Additions:
|
||||||||
Additions
to net assets attributed to:
|
||||||||
Employee
401(k) contributions
|
$ |
14,984,433
|
$ |
12,833,042
|
||||
Employer
401(k) matching contributions
|
3,370,536
|
2,969,235
|
||||||
Company
discretionary contributions
|
4,791,551
|
3,648,344
|
||||||
Assets
transferred from other plans
|
896,087
|
791,978
|
||||||
Interest
and dividends on invested funds
|
8,740,948
|
5,200,023
|
||||||
Realized
and unrealized gains
|
||||||||
on
invested funds
|
27,055,513
|
13,926,134
|
||||||
Total
additions
|
59,839,068
|
39,368,756
|
||||||
Deductions:
|
||||||||
Deductions
from net assets attributed to:
|
||||||||
Investment
and administrative expenses
|
42,160
|
140,737
|
||||||
Distributions
to employees
|
18,339,764
|
24,558,883
|
||||||
Assets
transferred to other plans
|
101,083
|
-
|
||||||
Realized
and unrealized losses
|
||||||||
on
invested funds
|
945,713
|
5,787,198
|
||||||
Total
deductions
|
19,428,720
|
30,486,818
|
||||||
Net
increase
|
40,410,348
|
8,881,938
|
||||||
Net
assets available for benefits:
|
||||||||
Beginning
of year
|
201,971,500
|
193,089,562
|
||||||
End
of year
|
$ |
242,381,848
|
$ |
201,971,500
|
1.
|
General
Description of the
Plan:
|
1.
|
General
Description of the Plan
(Continued):
|
June
30
|
||||||||
2007
|
2006
|
|||||||
U.S.
Government Securities Fund
|
2,848
|
2,927
|
||||||
Income
Fund
|
1,225
|
1,369
|
||||||
Equity
Index Fund
|
705
|
628
|
||||||
Income
and Growth Fund
|
-
|
642
|
||||||
Small
Cap Independence Fund
|
1,425
|
-
|
||||||
Large
Cap Core Fund
|
1,255
|
1,350
|
||||||
Large
Cap Value Fund
|
973
|
-
|
||||||
Emerging
Growth Fund
|
-
|
1,369
|
||||||
DeVry
Inc. Stock Fund
|
1,308
|
1,167
|
||||||
Total
Return Fund
|
827
|
791
|
||||||
Lifestyle
Funds
|
1,262
|
596
|
||||||
Dodge
& Cox Balanced Fund
|
1,363
|
1,185
|
||||||
International
Value Fund
|
1,160
|
858
|
||||||
The
Growth Fund of America
|
900
|
642
|
1.
|
General
Description of the Plan
(Continued):
|
|
Participants
are fully vested in their 401(k) contributions and related investment
earnings or losses. Participants vest in the Company’s matching and
discretionary contributions and related investment earnings and
losses
based upon the following vesting
schedule:
|
1.
|
General
Description of the Plan
(Continued):
|
2.
|
Summary
of Significant Accounting
Policies:
|
(a)
|
Basis
of Accounting
|
(b)
|
Use
of Estimates
|
(c)
|
Risk
and Uncertainties
|
(d)
|
Contributions
|
(e)
|
Valuation
and Income Recognition
|
(f)
|
Expenses
|
June
30
|
||||||||
2007
|
2006
|
|||||||
U.S.
Government Securities Fund II
|
-
|
15,122,564
|
||||||
Bank
of America Large Cap Core Fund
|
47,119,007
|
45,414,774
|
||||||
American
Express Trust Emerging Growth Fund II
|
-
|
23,371,419
|
||||||
DeVry
Inc. Common Stock
|
14,854,152
|
11,469,167
|
||||||
Dodge
and Cox Balanced Fund
|
22,978,467
|
16,377,789
|
||||||
Prudential
Income Fund
|
44,974,125
|
46,251,175
|
||||||
Causeway
International Value Fund
|
13,932,298
|
-
|
||||||
Fidelity
Small Cap Independence Fund
|
28,358,449
|
-
|
||||||
Fidelity
Retirement Government Money Market Fund
|
18,042,209
|
|||||||
-
|
||||||||
All
other investments
|
46,616,696
|
39,722,732
|
||||||
$ |
236,875,403
|
$ |
197,729,620
|
4.
|
Tax
Status:
|
|
The
Plan has received a favorable determination letter from the Internal
Revenue Service dated April 20, 1995. Furthermore, the Company
believes
the Plan has been administered in accordance with Internal Revenue
Code
requirements and is therefore exempt from federal income
taxes.
|
|
-10-
|
DEVRY
INC.
|
|||||||
PROFIT
SHARING RETIREMENT PLAN
|
|||||||
Form
5500, Schedule H, Part IV, Line 4(i)
|
|||||||
SCHEDULE
OF ASSETS HELD FOR INVESTMENT PURPOSES
|
|||||||
AT
JUNE 30, 2007
|
|||||||
(a)
|
(b)
|
(c)
|
(d)
|
(e)
|
|||
Identity
of issue, borrower, lessor, or similar party
|
Description
of investment
|
Cost
|
Current
Value
|
||||
*
|
Fidelity
Management Trust Company
|
Small
Cap Independence Fund (1,172,805.978 shares)
|
$ 24,733,644
|
$ 28,358,449
|
|||
*
|
Fidelity
Management Trust Company
|
Retirement
Money Market Fund (1,882.360 shares)
|
1,882
|
1,882
|
|||
*
|
Fidelity
Management Trust Company
|
Retirement
Government Money Market Fund (18,042,209.110 shares)
|
18,042,209
|
18,042,209
|
|||
*
|
Fidelity
Management Trust Company
|
Spartan
U.S. Equity Index Fund (123,635.724 shares)
|
5,677,174
|
6,603,384
|
|||
Bank
of America
|
Large
Cap Core Fund (3,874,918.303 shares)
|
39,068,523
|
47,119,007
|
||||
*
|
Fidelity
Management Trust Company
|
Large
Cap Value Fund (618,442.817 shares)
|
8,800,454
|
9,765,212
|
|||
American
Express Trust
|
The
Growth Fund of America (201,775.870 shares)
|
6,438,630
|
7,195,327
|
||||
Prudential
Life Insurance Company
|
Income
Fund (44,974,125 shares)
|
44,974,125
|
44,974,125
|
||||
Prudential
Life Insurance Company
|
Money
Market Portfolio (837,996.800 shares)
|
837,997
|
837,997
|
||||
PIMCO
|
Total
Return Fund (Institutional Class) (732,181.667 shares)
|
7,497,352
|
7,438,966
|
||||
Dodge
and Cox
|
Balanced
Fund (255,287.930 shares)
|
21,667,419
|
22,978,467
|
||||
Causeway
Capital Management
|
International
Value Fund (Institutional Class) (639,976.951 shares)
|
12,002,391
|
13,932,298
|
||||
The
Vanguard Group, Inc.
|
Target
Retirement Income Fund (17,879.276 shares)
|
188,286
|
193,990
|
||||
The
Vanguard Group, Inc.
|
Target
Retirement Fund 2005 (116,350.338 shares)
|
1,312,665
|
1,392,714
|
||||
The
Vanguard Group, Inc.
|
Target
Retirement Fund 2015 (284,802.101 shares)
|
3,425,068
|
3,750,844
|
||||
The
Vanguard Group, Inc.
|
Target
Retirement Fund 2025 (149,238.302 shares)
|
1,856,274
|
2,078,890
|
||||
The
Vanguard Group, Inc.
|
Target
Retirement Fund 2035 (136,897.871 shares)
|
1,812,941
|
2,043,885
|
||||
The
Vanguard Group, Inc.
|
Target
Retirement Fund 2045 (123,896.547 shares)
|
1,740,684
|
1,909,246
|
||||
*
|
Fidelity
Management Trust Company, Trustee
|
Participant
loans (Interest rates of 5.75% to 10.5%)
|
-
|
3,399,923
|
|||
*
|
Fidelity
Management Trust Company, Trustee
|
DeVry
Stock Fund
(436,629,997
shares)
|
7,738,898
|
14,854,152
|
|||
Prudential
Life Insurance Company
|
Cash
|
4,436
|
4,436
|
$ 207,821,052
|
$ 236,875,403
|