Deaver Phoenix Foundation Inc
- Assets
- $3.3m
- Revenue
- $197.2k
- Investments
- $3.3m
- Employees
- 0
- Location
- Pompano Beach, FL
- Founding
- 11/2007
- Data as of
- 07/2023
- EIN
- 26-1146782
Organization Overview
Deaver Phoenix Foundation Inc is located in Pompano Beach, FL. The organization was established in 2007. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Deaver Phoenix Foundation Inc 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 07/2023, Deaver Phoenix Foundation Inc generated $197.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (5.6%) each year. All expenses for the organization totaled $227.6k during the year ending 07/2023. As we would expect to see with falling revenues, expenses have declined by (2.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Deaver Phoenix Foundation Inc has awarded 56 individual grants totaling $911,992. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rohan Kelley Chairman Pr | 0 | $9,000 | |
Wagner Kelley Director | 0 | $0 | |
Tae Kelley Bronner Director | 0 | $9,000 | |
Sean Kelley Director VP | 0 | $9,000 | |
Shane Kelley Director Sec | 0 | $9,000 | |
Shannon Kelley Director | 0 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $656 |
| Dividends & Interest | $69,841 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $126,656 |
| Capital Gain Net Income | $126,656 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $197,153 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $52,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,676 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $26,380 |
| Total operating and administrative expenses | $89,616 |
| Contributions, gifts, grants paid | $138,000 |
| Total expenses and disbursements | $227,616 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $25,438 |
| Savings and temporary cash investments | $17,967 |
| 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 | $3,322,373 |
| 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, Deaver Phoenix Foundation Inc has awarded $138,000 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
FLORIDA SCHOOL FOR THE DEAF & BLIND PURPOSE: HELP UNDERPRIVILEGED CHILDREN | $9,000 |
FLAGLER COLLEGE INC PURPOSE: SCHOLARSHIP PROGRAM FOR STUDENT | $10,000 |
UNIVERSITY OF FLORIDA FOUNDATION PURPOSE: FUND GRADUATE TAX PROGRAM | $53,000 |
PRETTY BRAINY PURPOSE: FUND EMPOWERING GIRLS TO GAIN STEAM | $10,000 |
JUNIOR ACHIEVEMENT OF ARIZONA PURPOSE: GRANT FOR JUNIOR ACHIEVEMENT | $15,000 |
MIDDLE TENNESSE STATE UNIVERSITY PURPOSE: FUND SUMMER AEROSPACE PROGRAMS | $2,000 |