Richard C Devereaux Foundation
- Assets
- $4.4m
- Revenue
- $446.7k
- Investments
- $4.4m
- Employees
- 0
- Location
- Bloomfield Hills, MI
- Founding
- 05/1986
- Data as of
- 08/2023
- EIN
- 38-2638858
Organization Overview
Richard C Devereaux Foundation is located in Bloomfield Hills, MI. The organization was established in 1986. 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. Richard C Devereaux 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 08/2023, Richard C Devereaux Foundation generated $446.7k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.9% each year . All expenses for the organization totaled $1.0m during the year ending 08/2023. While expenses have increased by 3.4% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Richard C Devereaux Foundation has awarded 109 individual grants totaling $4,951,500. 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 |
|---|---|---|---|
Leslie C Devereaux Pres/trustee | 0 | $0 | |
James D Kendall Vice Pres/trustee | 0 | $0 | |
Curtis J Mann Treas/trustee | 0 | $0 | |
Christopher M Mann Secretary/trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $134,374 |
| Interest on Savings | $0 |
| Dividends & Interest | $177,332 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $135,011 |
| Capital Gain Net Income | $135,011 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $446,717 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,533 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $44,411 |
| Total operating and administrative expenses | $75,174 |
| Contributions, gifts, grants paid | $958,000 |
| Total expenses and disbursements | $1,033,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| 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 | $4,428,644 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,428,644 |
| 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 C Devereaux Foundation has awarded $958,000 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: OPERATING SUPPORT | $7,000 |
AFRICAN WILDLIFE FOUNDATION PURPOSE: OPERATING SUPPORT | $10,000 |
AMERICAN RED CROSS PURPOSE: OPERATING SUPPORT | $12,000 |
DETROIT PUBLIC TELEVISION PURPOSE: OPERATING SUPPORT | $50,000 |
DETROIT SYMPHONY ORCHESTRA PURPOSE: OPERATING SUPPORT | $200,000 |
DETROIT ZOOLOGICAL SOCIETY PURPOSE: OPERATING SUPPORT | $100,000 |