Devlieg Foundation
- Assets
- $3.1m
- Revenue
- $15.6k
- Investments
- $3.0m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 01/1964
- Data as of
- 12/2022
- EIN
- 38-6075696
Organization Overview
Devlieg Foundation is located in Detroit, MI. The organization was established in 1964. 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. Devlieg 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, Devlieg Foundation generated $15.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (37.0%) each year. All expenses for the organization totaled $342.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Devlieg Foundation has awarded 42 individual grants totaling $651,000. 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 |
|---|---|---|---|
Janet Devlieg Pope President | 15 | $43,000 | |
Julia Devlieg Vice President | 10 | $23,400 | |
Curtis Deroo Secretary | 10 | $35,000 | |
James Pope Trustee | 1 | $0 | |
Gary Stetler Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $196 |
| Dividends & Interest | $74,923 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$87,908 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28,360 |
| Total Revenue | $15,571 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $101,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $12,164 |
| Interest | $0 |
| Taxes | $7,757 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,215 |
| Printing and publications | $0 |
| Other expenses | $138 |
| Total operating and administrative expenses | $158,893 |
| Contributions, gifts, grants paid | $184,000 |
| Total expenses and disbursements | $342,893 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $19,483 |
| Savings and temporary cash investments | $41,780 |
| 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 | $3,024,723 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,085,986 |
| 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, Devlieg Foundation has awarded $184,000 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN INDIAN COLL FUND PURPOSE: GENERAL SUPPORT | $10,500 |
MICH TECH UNIVERSITY PURPOSE: BIOLOGY SUMMER RESEARCH SUPPORT ($10,000)ENGINEERING GRAD SCHOLARSHIPS ($10,000) | $20,000 |
CAPE FLATTERY SCHOOL DIST 401 PURPOSE: GENERAL SUPPORT | $1,000 |
HIGH ROCKS ACADEMY PURPOSE: GENERAL SUPPORT | $5,000 |
LIVESTOCK CONSERVANCY PURPOSE: GENERAL SUPPORT | $1,000 |
QUILLISASCUTT FARM SCHOOL PURPOSE: GENERAL SUPPORT | $2,500 |