For
the fiscal year ended:
|
June 30, 2008
|
Commission
file number:
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1-13988
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DeVry
Inc. Profit Sharing Retirement
Plan
|
A.
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Full
title of the plan:
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DeVRY
INC.
|
|
ONE
TOWER LANE, SUITE 1000
|
|
OAKBROOK TERRACE, ILLINOIS
606181
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B.
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Name
of issuer of the securities held pursuant to the plan and address of its
principal executive office:
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DeVry Inc. Profit Sharing Retirement
Plan
|
||
(Name
of Plan)
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Date:
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December 26, 2008
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By:
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/s/Donna Jennings
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||
Donna
Jennings – Administrator
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Pages
|
|
1-2
|
|
Financial
Statements:
|
|
3
|
|
4
|
|
5-10
|
|
Supplemental
Schedule:
|
|
11
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2008
|
2007
|
|||||||
Assets
|
||||||||
Invesments,
at market value
|
$ | 216,712,074 | $ | 236,875,403 | ||||
Receivables:
|
||||||||
Employee
401(k) contributions
|
599,626 | 591,957 | ||||||
Company
contributions
|
6,017,929 | 4,919,209 | ||||||
Securities
sold but not received
|
36,469 | 76,957 | ||||||
Total
assets
|
223,366,098 | 242,463,526 | ||||||
Liabilities
|
||||||||
Administrative
expense payable
|
128,943 | 81,678 | ||||||
Securities
purchased but not paid
|
342,221 | - | ||||||
Total
liabilities
|
471,164 | 81,678 | ||||||
Net
Assets Available for Benefits
|
$ | 222,894,934 | $ | 242,381,848 |
2008
|
2007
|
|||||||
Additions:
|
||||||||
Additions
to net assets attributed to:
|
||||||||
Employee
401(k) contributions
|
$ | 14,992,721 | $ | 14,984,433 | ||||
Employer
401(k) matching contributions
|
3,661,988 | 3,370,536 | ||||||
Company
discretionary contributions
|
5,742,318 | 4,791,551 | ||||||
Assets
transferred from other plans
|
1,105,097 | 896,087 | ||||||
Interest
and dividends on invested funds
|
12,763,960 | 8,740,948 | ||||||
Realized
and unrealized gains on invested funds
|
8,166,291 | 27,055,513 | ||||||
Total
additions
|
46,432,375 | 59,839,068 | ||||||
Deductions:
|
||||||||
Deductions
from net assets attributed to:
|
||||||||
Investment
and administrative expenses
|
37,608 | 42,160 | ||||||
Distributions
to employees
|
36,765,252 | 18,339,764 | ||||||
Assets
transferred to other plans
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- | 101,083 | ||||||
Realized
and unrealized losses on invested funds
|
29,116,429 | 945,713 | ||||||
Total
deductions
|
65,919,289 | 19,428,720 | ||||||
Net
increase (decrease)
|
(19,486,914 | ) | 40,410,348 | |||||
Net
assets available for benefits:
|
||||||||
Beginning
of year
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242,381,848 | 201,971,500 | ||||||
End
of year
|
$ | 222,894,934 | $ | 242,381,848 |
1.
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General
Description of the Plan:
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Years of Service
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Vesting %
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1
|
20%
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2
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40%
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3
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60%
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4
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80%
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5
|
100%
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2.
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Summary
of Significant Accounting Policies:
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(a)
|
Basis
of Accounting
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(b)
|
Use
of Estimates
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(c)
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Risk
and Uncertainties
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(d)
|
Contributions
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(e)
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Valuation
and Income Recognition
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(f)
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Expenses
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3.
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Investments:
|
|
June 30
|
|||||||
|
2008
|
2007
|
||||||
Bank
of America Large Cap Core Fund
|
$ | 34,743,384 | $ | 47,119,007 | ||||
DeVry
Inc. Common Stock
|
20,444,468 | 14,854,152 | ||||||
Dodge
and Cox Balanced Fund
|
17,123,002 | 22,978,467 | ||||||
Prudential
Income Fund
|
40,595,808 | 44,974,125 | ||||||
Causeway
International Value Fund
|
12,364,917 | 13,932,298 | ||||||
Fidelity
Small Cap Independence Fund
|
20,295,134 | 28,358,449 | ||||||
Fidelity
Retirement Government Money
|
||||||||
Market
Fund
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21,632,492 | 18,042,209 | ||||||
All
other investments
|
49,512,869 | 46,616,696 | ||||||
$ | 216,712,074 | $ | 236,875,403 |
4.
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Tax
Status:
|
(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 (1,182,011.274 shares)
|
$ | 24,721,964 | $ | 20,295,134 | ||||||
*
|
Fidelity
Management Trust Company
|
Retirement
Money Market Fund (119.850 shares)
|
120 | 120 | ||||||||
*
|
Fidelity
Management Trust Company
|
Retirement
Government Money Market Fund (21,632,491.910 shares)
|
21,632,492 | 21,632,492 | ||||||||
*
|
Fidelity
Management Trust Company
|
Spartan
U.S. Equity Index Fund (132,052.387 shares)
|
6,208,358 | 6,004,422 | ||||||||
Bank
of America
|
Large
Cap Core Fund (3,369,872.323 shares)
|
34,332,198 | 34,743,384 | |||||||||
*
|
Fidelity
Management Trust Company
|
Large
Cap Value Fund (606,403.350 shares)
|
8,660,205 | 7,573,978 | ||||||||
American
Express Trust
|
The
Growth Fund of America (254,856.479 shares)
|
8,343,879 | 8,025,431 | |||||||||
Prudential
Life Insurance Company
|
Income
Fund (40,595,807.670 shares)
|
40,595,808 | 40,595,808 | |||||||||
Prudential
Life Insurance Company
|
Money
Market Portfolio (663,002.790 shares)
|
663,003 | 663,003 | |||||||||
PIMCO
|
Total
Return Fund (Institutional Class) (892,238.821 shares)
|
9,290,916 | 9,484,499 | |||||||||
Dodge
and Cox
|
Balanced
Fund (246,409.581 shares)
|
20,637,751 | 17,123,002 | |||||||||
Causeway
Capital Management
|
International
Value Fund (Institutional Class) (841,150.831 shares)
|
15,305,213 | 12,364,917 | |||||||||
The
Vanguard Group, Inc.
|
Target
Retirement Income Fund (30,907.368 shares)
|
333,229 | 331,945 | |||||||||
The
Vanguard Group, Inc.
|
Target
Retirement Fund 2005 (122,890.220 shares)
|
1,412,923 | 1,425,527 | |||||||||
The
Vanguard Group, Inc.
|
Target
Retirement Fund 2015 (382,560.836 shares)
|
4,732,657 | 4,671,068 | |||||||||
The
Vanguard Group, Inc.
|
Target
Retirement Fund 2025 (247,047.785 shares)
|
3,175,043 | 3,107,861 | |||||||||
The
Vanguard Group, Inc.
|
Target
Retirement Fund 2035 (214,275.990 shares)
|
2,976,195 | 2,830,586 | |||||||||
The
Vanguard Group, Inc.
|
Target
Retirement Fund 2045 (170,444.636 shares)
|
2,462,105 | 2,324,865 | |||||||||
*
|
Fidelity
Management Trust Company, Trustee
|
Participant
loans (Interest rates of 5.75% to 10.5%)
|
- | 3,067,708 | ||||||||
*
|
Fidelity
Management Trust Company, Trustee
|
DeVry
Stock Fund (381,284.378 shares)
|
7,570,280 | 20,444,468 | ||||||||
Prudential
Life Insurance Company
|
Cash
|
1,856 | 1,856 | |||||||||
$ | 213,056,195 | $ | 216,712,074 | |||||||||
*
|
Indicates
party-in-interest
|