Richard And Helen Devos Foundation
- Assets
- $86.5k
- Revenue
- $3.5m
- Investments
- $519.0
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 08/2012
- Data as of
- 12/2023
- EIN
- 45-6659303
Organization Overview
Richard And Helen Devos Foundation is located in Grand Rapids, MI. The organization was established in 2012. 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 an independent organization and not affiliated with a larger national or regional group of organizations. Richard And Helen 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, Richard And Helen Devos Foundation generated $3.5m 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 (35.4%) each year. All expenses for the organization totaled $3.5m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (33.5%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richard And Helen Devos Foundation has awarded 94 individual grants totaling $39,356,800. 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 |
|---|---|---|---|
Wakestream Management Llc Trustee | 0.1 | $0 | |
Jason Zylstra Foundation Manager | 4 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $3,510,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $355 |
| 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 | $7,652 |
| Total Revenue | $3,518,007 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $10,088 |
| Taxes | $20,449 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $32,713 |
| Contributions, gifts, grants paid | $3,450,000 |
| Total expenses and disbursements | $3,482,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $85,955 |
| 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 | $519 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $86,474 |
| 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, Richard And Helen Devos Foundation has awarded $3,450,000 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
CHRISTIAN REFORMED CHURCH IN NORTH AMERICA PURPOSE: GENERAL OPERATING | $50,000 |
COREWELL HEALTH FOUNDATION PURPOSE: PROJECT/PROGRAM - CARDIOVASCULAR RESEARCH PROGRAM OF THE FREDERIK MEIJER HEART & VASCULAR INSTITUTE | $1,500,000 |
COREWELL HEALTH FOUNDATION PURPOSE: PROJECT/PROGRAM - HEART & LUNG TRANSPLANT PROGRAM | $750,000 |
GRAND RAPIDS SYMPHONY SOCIETY PURPOSE: GENERAL OPERATING | $1,050,000 |
MADISON SQUARE CHRISTIAN REFORMED CHURCH PURPOSE: PROJECT/PROGRAM - LIBERIAN VILLAGE | $100,000 |