Devonwood Foundation
- Assets
- $15.5m
- Revenue
- $867.6k
- Investments
- $15.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 09/1969
- Data as of
- 12/2022
- EIN
- 51-6024607
Organization Overview
Devonwood Foundation is located in Wilmington, DE. The organization was established in 1969. 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. Devonwood 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 12/2022, Devonwood Foundation generated $867.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (27.2%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Devonwood Foundation has awarded 230 individual grants totaling $3,002,000. 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 |
|---|---|---|---|
Name Not Listed Administrative Trustee | 2 | $8,645 | |
Brenda Brodie General Trustee | 0 | $0 | |
Melissa Hanenberger General Trustee | 0 | $0 | |
Cameron Brodie General Trustee | 0 | $0 | |
Tyler Brodie General Trustee | 0 | $0 | |
Bryson Brodie General Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $796,785 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $29,549 |
| Capital Gain Net Income | $29,549 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41,236 |
| Total Revenue | $867,570 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,645 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,731 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,842 |
| Total operating and administrative expenses | $23,178 |
| Contributions, gifts, grants paid | $1,153,000 |
| Total expenses and disbursements | $1,176,178 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $412,226 |
| Savings and temporary cash investments | $117,200 |
| 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 | $15,486,192 |
| 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, Devonwood Foundation has awarded $1,153,000 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
DUKE UNIVERSITY PURPOSE: GENERAL OPERATING EXPENSES | $48,500 |
SOUTHEASTERN EFFORTS PURPOSE: GENERAL OPERATING EXPENSES | $130,000 |
COLUMBIA UNIVERSITY COLLEGE OF PURPOSE: GENERAL OPERATING EXPENSES | $70,000 |
MILTON ACADEMY PURPOSE: GENERAL OPERATING EXPENSES | $1,000 |
THE EDIBLE SCHOOLYARD PROJECT PURPOSE: GENERAL OPERATING EXPENSES | $10,000 |
DURHAM ACADEMY INC PURPOSE: GENERAL OPERATING EXPENSES | $15,000 |