Devine Foundation Inc
- Assets
- $1.5m
- Revenue
- $160.7k
- Investments
- $1.4m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 03/2016
- Data as of
- 12/2023
- EIN
- 47-2532496
Organization Overview
Devine Foundation Inc is located in Houston, TX. The organization was established in 2016. 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. Devine 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 12/2023, Devine Foundation Inc generated $160.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (23.0%) each year. All expenses for the organization totaled $114.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Devine Foundation Inc has awarded 82 individual grants totaling $902,800. 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 |
|---|---|---|---|
David J Devine Director | 1 | $0 | |
Kirby Simmons Director | 1 | $0 | |
Lynne Devine Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,171 |
| Dividends & Interest | $66,408 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $90,162 |
| Capital Gain Net Income | $90,162 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $160,741 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $876 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,036 |
| Total operating and administrative expenses | $8,912 |
| Contributions, gifts, grants paid | $105,800 |
| Total expenses and disbursements | $114,712 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,542 |
| 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 | $1,455,296 |
| 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, Devine Foundation Inc has awarded $105,800 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
SHARED BEAT PURPOSE: HEALTH AND WELLNESS EDUCATION | $10,000 |
RICE UNIVERSITY PURPOSE: GENERAL FUNDINGFOR POST-SECONDARYEDUCTION | $32,000 |
MEMORIAL DRIVE UNITED METHODIST CHURCH PURPOSE: GENERAL FUNDINGFOR RELIGIOUSINSTITUTION | $25,000 |
GADS HILL CENTER PURPOSE: SUPPORT FOR GENERAL FUND | $800 |
STRAKE JESUIT PREPARATORY SCHOOL PURPOSE: SUPPORT FORGENERAL FUND | $2,500 |
RESILIENCE PURPOSE: SUPPORT FOR GENERAL FUND | $5,000 |