Devary Durrill Foundation Inc
- Assets
- $7.6m
- Revenue
- $312.1k
- Investments
- $5.8m
- Employees
- 0
- Location
- Corpus Christ, TX
- Founding
- 11/1985
- Data as of
- 12/2023
- EIN
- 74-2370613
Organization Overview
Devary Durrill Foundation Inc is located in Corpus Christ, TX. The organization was established in 1985. 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. Devary Durrill Foundation Inc 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 12/2023, Devary Durrill Foundation Inc generated $312.1k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 0.0% each year. All expenses for the organization totaled $853.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Devary Durrill Foundation Inc has awarded 187 individual grants totaling $2,821,945. 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 |
|---|---|---|---|
William R Durrill Jr Presdient | 5 | $0 | |
Melissa Durrill Director | 1 | $0 | |
Michele Durrill Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jrv Management Lc | 12/30/23 | $80,000 |
Jrv Management Lc | 12/30/23 | $70,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,100 |
| Interest on Savings | $0 |
| Dividends & Interest | $197,985 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $113,064 |
| Capital Gain Net Income | $113,064 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $312,149 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $53,643 |
| Taxes | $34,715 |
| Depreciation | $5,514 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $84,764 |
| Printing and publications | $0 |
| Other expenses | $160,344 |
| Total operating and administrative expenses | $479,117 |
| Contributions, gifts, grants paid | $374,537 |
| Total expenses and disbursements | $853,654 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $196,666 |
| 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 | $16,306 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $175,588 |
| Other assets | $1,383,846 |
| Total assets | $7,575,095 |
| Accounts payable and accrued expenses | $39,868 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $528,067 |
| Other liabilities | $0 |
| Total liabilities | $567,935 |
Grants Awarded
Over the last fiscal year, Devary Durrill Foundation Inc has awarded $374,537 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN HEART ASSOCIATION PURPOSE: GENERAL SUPPORT | $12,250 |
ART MUSEUM OF SOUTH TEXAS PURPOSE: GENERAL SUPPORT | $1,500 |
BAY JAMMIN SERIES PURPOSE: GENERAL SUPPORT | $1,500 |
ANNAVILLE BAPTIST CHURCH PURPOSE: GENERAL SUPPORT | $5,000 |
DRISCOLL CHILDRENS HOSPITAL PURPOSE: GENERAL SUPPORT | $23,000 |
BEE COUNTY JR LIVESTOCK PURPOSE: GENERAL SUPPORT | $1,000 |