Daniel & Pamella Devos Foundation
- Assets
- $11.2m
- Revenue
- $5.0m
- Investments
- $11.1m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 05/1992
- Data as of
- 12/2021
- EIN
- 38-3035976
Organization Overview
Daniel & Pamella 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. Daniel & Pamella 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, Daniel & Pamella Devos Foundation generated $5.0m 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 (8.2%) each year. All expenses for the organization totaled $5.6m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (7.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Daniel & Pamella Devos Foundation has awarded 155 individual grants totaling $14,893,700. 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 |
|---|---|---|---|
Pamella Devos Vice President | 1 | $0 | |
Susan E Valcq Treasurer/secretary | 0.1 | $0 | |
Robert H Schierbeek Coo/vp | 0.1 | $0 | |
Jeffrey S Bowerman VP Of Tax | 0.1 | $0 | |
Daniel G Devos President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000,000 |
| Interest on Savings | $69 |
| Dividends & Interest | $1 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $8,599 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,000,070 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $889 |
| Printing and publications | $0 |
| Other expenses | $55,887 |
| Total operating and administrative expenses | $501,020 |
| Contributions, gifts, grants paid | $5,076,000 |
| Total expenses and disbursements | $5,577,020 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $41,730 |
| 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 | $11,125,523 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $11,167,253 |
| 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 | $1,253 |
| Total liabilities | $1,253 |
Grants Awarded
Over the last fiscal year, Daniel & Pamella Devos Foundation has awarded $6,158,500 in support to 84 organizations.
| Grant Recipient | Amount |
|---|---|
Grand Rapids, MI PURPOSE: CAPITAL CAMPAIGN | $557,500 |
Grand Rapids, MI PURPOSE: CAPITAL CAMPAIGN | $442,500 |
Allendale, MI PURPOSE: CAPITAL CAMPAIGN | $400,000 |
Allendale, MI PURPOSE: CAPITAL CAMPAIGN | $400,000 |
Orlando, FL PURPOSE: GENERAL OPERATING | $340,000 |
Chicago, IL PURPOSE: GENERAL OPERATING | $315,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Douglas & Maria Devos Foundation Grand Rapids, MI | $79,921,409 | $9,501,037 |
Fred F Silk Charitable Foundation Louisville, OH | $0 | $2,703,630 |
Jewish Foundation Of Cincinnati Cincinnati, OH | $344,322,004 | $65,111,190 |
Charles F Kettering Foundation Dayton, OH | $413,895,327 | $17,762,033 |
Jay And Jeanie Schottenstein Foundation Columbus, OH | $12,858,446 | $29,259,001 |
The Lozick Family Foundation Pepper Pike, OH | $264,438,182 | $44,457,050 |
Dow Company Foundation Bay City, MI | $175,531,548 | $110,489,699 |
Timken Foundation Of Canton Canton, OH | $32,951,548 | $35,361,538 |
Irving S Gilmore Foundation Kalamazoo, MI | $388,410,325 | $41,180,610 |
Reiman Foundation Inc Pewaukee, WI | $64,480,239 | $12,529,672 |
Siemer Family Foundation Columbus, OH | $55,510,313 | $15,843,554 |
Orphan Foundation Of America Orph Cleveland, OH | $10,515,752 | $16,785,416 |