Devon Creek Foundation
- Assets
- $7.0m
- Revenue
- $286.0k
- Investments
- $6.9m
- Employees
- 0
- Location
- Reston, VA
- Founding
- 12/2014
- Data as of
- 12/2022
- 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 12/2022, Devon Creek Foundation generated $286.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.2%) each year. All expenses for the organization totaled $392.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Devon Creek Foundation has awarded 140 individual grants totaling $1,196,113. 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 |
|---|---|---|---|
Michael F Chenoweth President/treasurer/director | 5 | $0 | |
Pamela B Pierce Secretary/director | 5 | $0 | |
Joni L Chenoweth Medical Director | 30 | $102,750 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $178,429 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $107,569 |
| Capital Gain Net Income | $107,569 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $285,998 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $102,750 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $44,419 |
| Interest | $0 |
| Taxes | $19,080 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,370 |
| Printing and publications | $0 |
| Other expenses | $1,357 |
| Total operating and administrative expenses | $266,536 |
| Contributions, gifts, grants paid | $125,796 |
| Total expenses and disbursements | $392,332 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $28,152 |
| Savings and temporary cash investments | $26,823 |
| 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 | $6,924,749 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $6,979,724 |
| 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 $125,796 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
AUDUBON FLORIDA - AUDUBON EVERGLADES SCIENCE CENTER FOR SPOONBILL RESEARCH PURPOSE: SOUTH EVERGLADES/FLORIDA BAY RESEARCH AND HYDROSTATION EQUIPMENT | $10,000 |
1000 FRIENDS OF FLORIDA INC PURPOSE: FOR THE HOLD THE LINE COALITION | $2,000 |
FLORIDA GRAND OPERA PURPOSE: GENERAL SUPPORT | $5,000 |
FRIENDS OF WLRN INC PURPOSE: GENERAL SUPPORT | $2,000 |
FRIENDS OF THE EVERGLADES PURPOSE: GENERAL SUPPORT | $1,000 |
HEINLEIN SOCIETY PURPOSE: GENERAL SUPPORT | $1,000 |