Daniel & Pamella Devos Foundation
- Assets
- $6.1m
- Revenue
- $5.0m
- Investments
- $6.1m
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 05/1992
- Data as of
- 12/2022
- 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 12/2022, 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 (34.6%) each year. All expenses for the organization totaled $10.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Daniel & Pamella Devos Foundation has awarded 238 individual grants totaling $43,301,010. 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 |
|---|---|---|---|
Daniel G Devos President | 1 | $0 | |
Pamella G Devos Vice President | 1 | $0 | |
Robert H Schierbeek Coo/vp | 0.1 | $0 | |
Jeffrey S Bowerman VP Of Tax | 0.1 | $0 | |
Susan E Valcq Treasurer/secretary | 0.1 | $0 | |
Nicholas J Thole Vice President | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,000,000 |
| Interest on Savings | $516 |
| Dividends & Interest | $40 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,000,556 |
| 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 | $660 |
| Printing and publications | $0 |
| Other expenses | $380,166 |
| Total operating and administrative expenses | $599,974 |
| Contributions, gifts, grants paid | $9,452,310 |
| Total expenses and disbursements | $10,052,284 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $22,167 |
| 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 | $6,092,105 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,114,272 |
| 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, Daniel & Pamella Devos Foundation has awarded $28,407,310 in support to 83 organizations.
| Grant Recipient | Amount |
|---|---|
CRYSTAL TOWNSHIP FIRE DEPARTMENT PURPOSE: GENERAL OPERATING | $1,500 |
DAVENPORT UNIVERSITY PURPOSE: CAPITAL CAMPAIGN | $250,000 |
DAVENPORT UNIVERSITY PURPOSE: GENERAL OPERATING | $2,500 |
FAMILY PROMISE OF GRAND RAPIDS PURPOSE: CAPITAL CAMPAIGN | $60,000 |
DISCOVERY CENTER GREAT LAKES PURPOSE: CAPITAL CAMPAIGN | $50,000 |
DUTCH AMERICAN COUNCIL PURPOSE: GENERAL OPERATING | $2,500 |