Devlin Foundation
- Assets
- $14.9m
- Revenue
- $2.4m
- Investments
- $12.2m
- Employees
- 0
- Location
- New York, NY
- Founding
- 03/1999
- Data as of
- 12/2021
- EIN
- 76-0574063
Organization Overview
Devlin Foundation is located in New York, NY. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Devlin 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, Devlin Foundation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 53.0% each year . All expenses for the organization totaled $858.4k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Devlin Foundation has awarded 98 individual grants totaling $3,333,490. 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 |
|---|---|---|---|
Katharine B Devlin President | 3 | $0 | |
Robert M Devlin Vice-President | 0 | $0 | |
Michael Devlin Vice-President | 20 | $100,000 | |
Matthew B Devlin Vice-President | 0 | $0 | |
Erin C Devlin Executive Vice-President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $80,418 |
| Dividends & Interest | $279,825 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,981,147 |
| Capital Gain Net Income | $1,981,147 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $77,641 |
| Total Revenue | $2,419,031 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $100,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $19,546 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $430 |
| Total operating and administrative expenses | $198,315 |
| Contributions, gifts, grants paid | $660,100 |
| Total expenses and disbursements | $858,415 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,931,489 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $805,380 |
| Total assets | $14,897,111 |
| 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 | $13,900 |
| Total liabilities | $13,900 |
Grants Awarded
Over the last fiscal year, Devlin Foundation has awarded $961,295 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
ALLEGHENY HEALTH NETWORK (AHN) PURPOSE: GENERAL PURPOSE | $7,500 |
AMERICAN MUSEUM OF NATURAL HISTORY PURPOSE: GENERAL PURPOSE | $575 |
ARCHDIOCESE OF NEW YORK PURPOSE: GENERAL PURPOSE | $50,000 |
CATHOLIC ACADEMY OF BRIDGEPORT PURPOSE: GENERAL PURPOSE | $45,000 |
CITY OF HOPE PURPOSE: GENERAL PURPOSE | $20,000 |
FAITH IN CHILDREN PURPOSE: GENERAL PURPOSE | $1,000 |