Douglas & Maria Devos Foundation
- Assets
- $70.7m
- Revenue
- $3.2m
- Investments
- $70.2m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 05/1992
- Data as of
- 12/2023
- EIN
- 38-3035972
Organization Overview
Douglas & Maria Devos Foundation is located in Grand Rapids, MI. The organization was established in 1992. 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. Douglas & Maria Devos Foundation 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 12/2023, Douglas & Maria Devos Foundation generated $3.2m 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 (35.2%) each year. All expenses for the organization totaled $19.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Douglas & Maria Devos Foundation has awarded 577 individual grants totaling $80,913,900. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
CONGREGATIONAL INITIATIVES CONGREGATIONAL INITITATIVES SUPPORTS THE GROWTH OF PASTORS AND OTHER CONGREGATIONAL LEADERS BY PROVIDING COURSE WORK AND TECHNICAL ASSISTANCE TO TRAIN CLERGY AND LAY CHURCH LEADERS TO PRACTICALLY APPLY METHODS OF ENGAGING COMMUNITY IN ORDER TO STRENGTHEN CHILDREN AND FAMILIES WHILE LEVERAGING THE POWER OF COMMUNITY.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Douglas L Devos President/director | 1.5 | $0 | |
Maria P Devos Vice President/director | 1.5 | $0 | |
Robert H Schierbeek Vp/coo/director | 0.1 | $0 | |
Jeffrey S Bowerman VP Of Tax | 0.1 | $0 | |
Susan E Valcq Treasurer/secretary | 0.1 | $0 | |
Nicholas J Thole Vice President | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rdv Corporation | 12/30/23 | $630,947 |
Rdv Staffing Inc | 12/30/23 | $225,000 |
Ottawa Avenue Private Capital | 12/30/23 | $134,609 |
Seyferth Pr | 12/30/23 | $111,654 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $780 |
| Dividends & Interest | $1,497,688 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $205 |
| Capital Gain Net Income | $460,430 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,741,126 |
| Total Revenue | $3,239,799 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $329,084 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $65,518 |
| Printing and publications | $2,607 |
| Other expenses | $319,910 |
| Total operating and administrative expenses | $2,001,786 |
| Contributions, gifts, grants paid | $17,086,310 |
| Total expenses and disbursements | $19,088,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $92,774 |
| 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 | $30,600,889 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $335,383 |
| Total assets | $70,663,614 |
| 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, Douglas & Maria Devos Foundation has awarded $18,363,810 in support to 117 organizations.
| Grant Recipient | Amount |
|---|---|
ACCESS OF WEST MICHIGAN PURPOSE: GENERAL OPERATING | $30,000 |
ACTON INSTITUTE FOR THE STUDY OF RELIGION AND LIBERTY PURPOSE: GENERAL OPERATING | $75,000 |
AMERICAN ENTERPRISE INSTITUTE PURPOSE: GENERAL OPERATING | $100,000 |
AYA YOUTH COLLECTIVE PURPOSE: GENERAL OPERATING | $20,000 |
BASE CAMP URBAN OUTREACH PURPOSE: GENERAL OPERATING | $15,000 |
BETHANY CHRISTIAN SERVICES INC PURPOSE: GENERAL OPERATING | $117,000 |