Douglas & Maria Devos Foundation
- Assets
- $79.9m
- Revenue
- $9.5m
- Investments
- $79.1m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 05/1992
- Data as of
- 12/2021
- 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 12/2021, Douglas & Maria Devos Foundation generated $9.5m 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 (13.8%) each year. All expenses for the organization totaled $19.8m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (4.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Douglas & Maria Devos Foundation has awarded 315 individual grants totaling $42,191,790. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
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.
CAREER PATHWAYS (PREVIOUSLY "BELIEVE 2 BECOME")CAREER PATHWAYS SEEKS TO SUPPORT AT-RISK CHILDREN AND THEIR FAMILIES IN GREATER GRAND RAPIDS, MICHIGAN, BY WORKING WITH RESIDENTS, SERVICE PROVIDERS, SCHOOLS, CONGREGATIONS AND COMMUNITY ORGANIZATIONS. THE NETWORK OF SUPPORT INCLUDES SUMMER ENRICHMENT EXPERIENCES FOR STUDENTS, PRESCHOOL LEARNING OPPORTUNITIES, WORKSHOPS AND MENTORING FOR PARENTS, AND POSITIVE RECOGNITION FOR ACHIEVEMENT.
EDNETTHE EDUCATION NETWORK OF GREATER GRAND RAPIDS (EDNET) PROVIDES PROFESSIONAL SUPPORT FOR LOCAL TEACHERS, PRINCIPALS AND OTHER EDUCATORS WITH THE GOAL OF INCREASING ACADEMIC ACHIEVEMENT AMONG LOWER INCOME AND CHILDREN OF COLOR IN OUR URBAN SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Maria P Devos Vice President/director | 1.5 | $0 | |
Jeffrey S Bowerman VP Of Tax | 0.1 | $0 | |
Douglas L Devos President/director | 1.5 | $0 | |
Robert H Schierbeek Vp/coo/director | 0.1 | $0 | |
Susan E Valcq Treasurer/secretary | 0.1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Nassar Productions | 12/30/21 | $79,818 |
Rdv Corporation | 12/30/21 | $2,352,685 |
Ottawa Avenue Private Capital | 12/30/21 | $311,603 |
Rdv Staffing Inc | 12/30/21 | $304,064 |
Basis Policy Research Llc | 12/30/21 | $192,308 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $10,000,000 |
| Interest on Savings | $268 |
| Dividends & Interest | $606,940 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,926,574 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,820,403 |
| Total Revenue | $9,501,037 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $135,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $134,076 |
| Printing and publications | $7,111 |
| Other expenses | $627,910 |
| Total operating and administrative expenses | $4,694,426 |
| Contributions, gifts, grants paid | $15,078,670 |
| Total expenses and disbursements | $19,773,096 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $524,716 |
| 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 | $76,236,017 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $312,375 |
| Total assets | $79,921,409 |
| 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 | $84,522 |
| Total liabilities | $84,522 |
Grants Awarded
Over the last fiscal year, Douglas & Maria Devos Foundation has awarded $19,288,670 in support to 162 organizations.
| Grant Recipient | Amount |
|---|---|
PURDUE RESEARCH FOUNDATION PURPOSE: CAPITAL CAMPAIGN | $2,125,000 |
Philadelphia, PA PURPOSE: GENERAL OPERATING | $2,000,000 |
Bristol, RI PURPOSE: CAPITAL CAMPAIGN | $1,500,000 |
LEADING EDUCATORS INC PURPOSE: PROJECT/PROGRAM - EDNET 2021-2022 | $986,020 |
Grand Rapids, MI PURPOSE: PROJECT/PROGRAM - OPPORTUNITY FOR ALL | $880,000 |
Grand Rapids, MI PURPOSE: CAPITAL CAMPAIGN | $800,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |
Bader Philanthropies Inc Milwaukee, WI | $26,809,232 | $30,829,351 |
The Cummins Foundation Inc Columbus, IN | $50,145,455 | $23,676,992 |
The Samuel And Jean Frankel Jewish Heritage Foundation Troy, MI | $178,134,480 | $24,091,324 |