Devereux Ocean Foundation Inc
EIN: 824193252 · Jamestown, RI · NTEE: T90
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $699K |
| Net Assets | $7.3M |
Search Intent Cockpit
Devereux Ocean Foundation Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
Devereux Ocean Foundation Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Devereux Ocean Foundation Inc in one place.
Form 990 Filing Summary
5 filing years are available, with latest revenue of $301K and expenses of $699K.
Revenue and Expenses
Devereux Ocean Foundation Inc reported $301K in revenue and $699K in expenses, a deficit of $398K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
Mission score and red-flag review are shown when AI enrichment is available.
Is Devereux Ocean Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
Functional expense detail is not available on the stored filing yet. Existing program percentage and future extracted expense fields will populate this panel.
Across stored filings, Devereux Ocean Foundation Inc shows contribution history pending. Next enrichment targets: revenue-source fields, functional expense detail, IRS BMF classification, AI synthesis.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Insufficient Data | Good filing record; no red flags identified |
| Mission spend | Pending | Unknown |
| Financial durability | Grade B | 5 stored filing years |
| Peer context | Compare with Lord Of Glory Ministries Inc | Rhode Island and Philanthropy context |
Trust Check
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About Devereux Ocean Foundation Inc
Devereux Ocean Foundation Inc (EIN: 824193252) is a nonprofit organization based in Jamestown, RI, classified under NTEE code T90. The organization reported total revenue of $1.9M and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Devereux Ocean Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Devereux Ocean Foundation Inc is a mid-size nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -48.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $301K |
| Total Expenses | $699K |
| Surplus / Deficit | $-397,875 |
| Total Assets | $7.3M |
| Total Liabilities | $1 |
| Net Assets | $7.3M |
| Operating Margin | -132.1% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 124.5 months |
Financial Health Grade: B
In 2023, Devereux Ocean Foundation Inc reported a deficit of $398K with expenses exceeding revenue, holds 124.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 5 years of filings (2019–2023), Devereux Ocean Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -48.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +186.7% | +14.1% | +8.2% |
| 2022 | -64.9% | +2.4% | -9.3% |
| 2021 | -14.4% | -37.7% | +0.4% |
| 2020 | -91.5% | +140.9% | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Devereux Ocean Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Devereux Ocean Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $398K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Frequently Asked Questions about Devereux Ocean Foundation Inc
Is Devereux Ocean Foundation Inc a legitimate charity?
Devereux Ocean Foundation Inc (EIN: 824193252) is a registered tax-exempt nonprofit based in Rhode Island. It has 5 years of IRS 990 filings on record. Total revenue: $1.9M. No red flags identified. Financial health grade: B.
How does Devereux Ocean Foundation Inc spend its money?
Devereux Ocean Foundation Inc reported $1.9M in total revenue in IRS 990 filings. 5 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Devereux Ocean Foundation Inc tax-deductible?
Devereux Ocean Foundation Inc is registered as a tax-exempt nonprofit (EIN: 824193252). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Devereux Ocean Foundation Inc located?
Devereux Ocean Foundation Inc is headquartered in Jamestown, Rhode Island and files with the IRS under EIN 824193252. It is classified under NTEE code T90.
How many years of IRS 990 filings does Devereux Ocean Foundation Inc have?
Devereux Ocean Foundation Inc has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $1.9M in total revenue.
Filing History
IRS 990 filing history for Devereux Ocean Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Devereux Ocean Foundation Inc's revenue has declined by 92.7%, moving from $4.1M to $301K. Total assets increased by 0.9% over the same period, from $7.2M to $7.3M. Total functional expenses rose by 75.2%, from $399K to $699K. In its most recent filing year (2023), Devereux Ocean Foundation Inc reported a deficit of $398K, with expenses exceeding revenue. The organization holds $1 in liabilities against $7.3M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $7.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $301K | $699K | $7.3M | $1 | — | View 990 |
| 2022 | $105K | $613K | $6.7M | $2K | — | View 990 |
| 2021 | $299K | $598K | $7.4M | $395K | — | View 990 |
| 2020 | $350K | $961K | $7.4M | $385K | — | View 990 |
| 2019 | $4.1M | $399K | $7.2M | $90 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $301K, expenses of $699K, and assets of $7.3M (revenue +186.7% year-over-year).
- 2022: Revenue of $105K, expenses of $613K, and assets of $6.7M (revenue -64.9% year-over-year).
- 2021: Revenue of $299K, expenses of $598K, and assets of $7.4M (revenue -14.4% year-over-year).
- 2020: Revenue of $350K, expenses of $961K, and assets of $7.4M (revenue -91.5% year-over-year).
- 2019: Revenue of $4.1M, expenses of $399K, and assets of $7.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Devereux Ocean Foundation Inc:
Data Sources and Methodology
This transparency report for Devereux Ocean Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.