The Devereaux Charitable Foundation Trust
- Assets
- $2.9m
- Revenue
- $700.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Malden, MA
- Founding
- 07/1986
- Data as of
- 03/2024
- EIN
- 22-2708298
Organization Overview
The Devereaux Charitable Foundation Trust is located in Malden, MA. The organization was established in 1986. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is the central organization for a national or regional group of organizations. Devereaux Charitable Foundation Trust 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 03/2024, Devereaux Charitable Foundation Trust generated $700.0k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (1.7%) each year. All expenses for the organization totaled $277.6k during the year ending 03/2024. As we would expect to see with falling revenues, expenses have declined by (9.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Devereaux Charitable Foundation Trust has awarded 339 individual grants totaling $1,646,130. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert J Devereaux Co-Trustee | 0 | $0 | |
Michael F Devereaux Co-Trustee | 0 | $0 | |
Ellen J Johnson Co-Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $700,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $700,000 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $250 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $37 |
| Total operating and administrative expenses | $287 |
| Contributions, gifts, grants paid | $277,336 |
| Total expenses and disbursements | $277,623 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $2,880,632 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,880,632 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, The Devereaux Charitable Foundation Trust has awarded $277,336 in support to 69 organizations.
| Grant Recipient | Amount |
|---|---|
ABINGTON POLICE ASSOCIATION PURPOSE: UNRESTRICTED / GENERAL | $500 |
ABINGTON FIRE FIGHTERS LOCAL 2080 PURPOSE: UNRESTRICTED / GENERAL | $365 |
BRIDGEWELL PURPOSE: UNRESTRICTED / GENERAL | $500 |
ABSA-ALGONQUIN BASEBALL & SOFTBALL ASSOC PURPOSE: UNRESTRICTED / GENERAL | $1,500 |
ALS ONE PURPOSE: UNRESTRICTED / GENERAL | $2,500 |
CANTON LITTLE LEAGUE PURPOSE: UNRESTRICTED / GENERAL | $1,500 |