Richard And Helen Devos Foundation
- Assets
- $31.0k
- Revenue
- $11.2m
- Investments
- $18.2k
- Employees
- 0
- Location
- Grand Rapids, MI
- Founding
- 08/2012
- Data as of
- 12/2021
- EIN
- 45-6659303
Organization Overview
Richard And Helen Devos Foundation is located in Grand Rapids, MI. The organization was established in 2012. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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 And Helen 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, Richard And Helen Devos Foundation generated $11.2m 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 (29.3%) each year. All expenses for the organization totaled $11.5m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (32.3%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Richard And Helen Devos Foundation has awarded 71 individual grants totaling $30,585,000. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $11,215,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| 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 | $11,215,000 |
| 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 | $391 |
| Printing and publications | $0 |
| Other expenses | $336 |
| Total operating and administrative expenses | $65,716 |
| Contributions, gifts, grants paid | $11,415,000 |
| Total expenses and disbursements | $11,480,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $12,799 |
| 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 | $18,238 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $31,037 |
| Accounts payable and accrued expenses | $18,097 |
| 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 | $364 |
| Total liabilities | $18,461 |
Grants Awarded
Over the last fiscal year, Richard And Helen Devos Foundation has awarded $11,415,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: GENERAL OPERATING | $5,000,000 |
Grand Rapids, MI PURPOSE: PROJECT/PROGRAM - THE FREDERIK MEIJER HEART & VASCULAR INSTITUTE CARDIOVASCULAR RESEARCH PROGRAM | $1,500,000 |
Grand Rapids, MI PURPOSE: GENERAL OPERATING | $1,150,000 |
Grand Rapids, MI PURPOSE: PROJECT/PROGRAM - CHILD LIFE PROGRAM | $1,000,000 |
Grand Rapids, MI PURPOSE: PROJECT/PROGRAM - HEART & LUNG TRANSPLANT PROGRAM | $750,000 |
Rehoboth, NM PURPOSE: GENERAL OPERATING | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Richard And Helen Devos Foundation has recieved totaling $8,247.
| Awarding Organization | Amount |
|---|---|
International Aid Inc Grand Rapids, MI PURPOSE: Provide relief and assistance for ill, needy, and infants | $8,247 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Wexner Family Charitable Fund New Albany, OH | $184,942,197 | $254,449,818 |
Alfred And Isabel Bader 2014 Charitable Trust Milwaukee, WI | $88,717,556 | $62,553,918 |
Nina Mason Pulliam Charitable Tr Indianapolis, IN | $513,484,211 | $27,103,020 |
Fifth Third Union Trust Co Foundation Cincinnati, OH | $28,852,332 | $17,459,816 |
Robert And Adele Schiff Family Foundation Inc Milwaukee, WI | $226,331,394 | $18,541,997 |
Carol Ann And Ralph V Haile Jr Foundation Cincinnati, OH | $318,390,176 | $10,905,260 |
Mathile Family Foundation Dayton, OH | $0 | $5,909,915 |
Fund For Wisconsin Scholars Inc Madison, WI | $273,321,225 | $22,010,196 |
John W Anderson Foundation Valparaiso, IN | $342,409,938 | $34,395,256 |
Gilbert Fam Foundation Detroit, MI | $16,505,480 | $22,733,689 |
Herbert Simon Family Foundation Indianapolis, IN | $26,075,189 | $9,696,254 |
Richard And Helen Devos Foundation Grand Rapids, MI | $31,037 | $11,215,000 |