Devon Creek Foundation
- Assets
- $7.1m
- Revenue
- $844.6k
- Investments
- $7.0m
- Employees
- 0
- Location
- Reston, VA
- Founding
- 12/2014
- Data as of
- 12/2021
- EIN
- 47-1903487
Organization Overview
Devon Creek Foundation is located in Reston, VA. The organization was established in 2014. According to its NTEE Classification (S40) the organization is classified as: Business & Industry, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Devon Creek 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, Devon Creek Foundation generated $844.6k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 19.5% each year . All expenses for the organization totaled $470.6k during the year ending 12/2021. While expenses have increased by 6.2% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Devon Creek Foundation has awarded 139 individual grants totaling $1,092,363. 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 |
|---|---|---|---|
Joni L Chenoweth Medical Director | 30 | $102,750 | |
Michael F Chenoweth President/treasurer/director | 5 | $0 | |
Pamela B Pierce Secretary/director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $11 |
| Dividends & Interest | $229,080 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $615,520 |
| Capital Gain Net Income | $615,520 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $844,611 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $102,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $45,367 |
| Interest | $0 |
| Taxes | $3,590 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,080 |
| Total operating and administrative expenses | $266,614 |
| Contributions, gifts, grants paid | $204,001 |
| Total expenses and disbursements | $470,615 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $64,860 |
| Savings and temporary cash investments | $24,493 |
| 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 | $6,996,705 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $7,086,058 |
| 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, Devon Creek Foundation has awarded $204,001 in support to 18 organizations.
| Grant Recipient | Amount |
|---|---|
Reston, VA PURPOSE: GENERAL SUPPORT | $121,001 |
WOMEN'S EMERGENCY NETWORK INC PURPOSE: GENERAL SUPPORT | $20,000 |
Homestead, FL PURPOSE: FLORIDA KEYS CHAPTER, IWLA - FOR EXPENSES RELATED TO 2022 EVERGLADES COALITION CONFERENCE AND REMAINDER TO CHAPTER'S COLLEGE SCHOLARSHIP FUND | $20,000 |
SCHWAB CHARITABLE PURPOSE: GILBERT KUJOVICH MEMORIAL FUND FOR DIVERSITY AND EQUALITY - VERMONT LAW SCHOOL | $10,000 |
Miami, FL PURPOSE: GENERAL SUPPORT | $5,000 |
Champaign, IL PURPOSE: FOR THE CONSTRUCTION OF THE RULENGE-NGARA DIOCESE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Soundexchange Inc Washington, DC | $739,346,856 | $68,696,516 |
Ltc Reinsurance Pcc Washington, DC | $2,201,458,175 | $98,451,933 |
Green Business Certification Inc Washington, DC | $85,505,548 | $44,270,395 |
Council Of Better Business Bureaus Inc Arlington, VA | $12,407,236 | $29,190,679 |
Alliance For Lifetime Income Washington, DC | $7,619,918 | $19,897,111 |
Ltc Reinsurance Pcc Washington, DC | $361,855,078 | $23,669,640 |
Urac Washington, DC | $81,439,201 | $26,248,621 |
Virginia Equine Alliance Warrenton, VA | $24,647,483 | $20,710,903 |
North American Meat Institute Washington, DC | $15,669,601 | $11,771,364 |
Yaplus Arlington, VA | $14,080,198 | $11,268,285 |
Structured Finance Industry Group Inc Washington, DC | $15,991,884 | $10,124,152 |
Virginia Utility Protection Service Inc Roanoke, VA | $16,444,690 | $8,907,059 |