The Devoe Foundation
The Devoe Foundation: Consistent Operations, Limited Growth, and Transparency Gaps
EIN: 222807732 · Shelburne, VT · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $135K |
| Total Expenses | $31K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $474K |
| Transparency Score | 65/100 |
Is The Devoe Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Devoe Foundation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About The Devoe Foundation
The Devoe Foundation (EIN: 222807732) is a nonprofit organization based in Shelburne, VT. The organization reported total revenue of $135K and total assets of $486K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Devoe Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Devoe Foundation is a small nonprofit that has been operating for 39 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20K |
| Total Expenses | $31K |
| Surplus / Deficit | $-11,495 |
| Total Assets | $474K |
| Total Liabilities | $1 |
| Net Assets | $474K |
| Operating Margin | -58.8% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 183.3 months |
Financial Health Grade: B
In 2023, The Devoe Foundation reported a deficit of $11K with expenses exceeding revenue, holds 183.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Devoe Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.7% | -11.5% | +9.2% |
| 2022 | +24.4% | +66.8% | -21.2% |
| 2021 | +108.7% | +12.9% | +11.6% |
| 2020 | -44.7% | -26.5% | +7.9% |
| 2019 | -13.5% | -1.8% | +10.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates The Devoe Foundation with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, The Devoe Foundation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $11K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which, while potentially indicating an all-volunteer model, warrants further investigation to confirm no indirect benefits or related party transactions are occurring.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of The Devoe Foundation's IRS 990 filings:
- Consistent 0% compensation reported across all filings, despite significant assets and expenses, raises questions about how operational leadership is compensated or if it's entirely volunteer-driven.
- The 'l1' status (lack of independent voting members) in recent years suggests potential governance issues or a family foundation structure without external oversight.
- Limited information available on specific programs or impact, making it difficult to assess the effectiveness of their charitable spending.
Strengths
The following positive indicators were identified for The Devoe Foundation:
- The foundation maintains a stable asset base, consistently above $400,000, indicating financial resilience.
- Expenses have remained relatively low compared to assets, suggesting prudent financial management.
- Consistent filing history demonstrates adherence to regulatory requirements.
Frequently Asked Questions about The Devoe Foundation
Is The Devoe Foundation a legitimate charity?
The Devoe Foundation (EIN: 222807732) is a registered tax-exempt nonprofit based in Vermont. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $135K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does The Devoe Foundation spend its money?
The Devoe Foundation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to The Devoe Foundation tax-deductible?
The Devoe Foundation is registered as a tax-exempt nonprofit (EIN: 222807732). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Devoe Foundation CEO make?
The Devoe Foundation's highest-compensated officer earns $0 annually. The organization reported $135K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Devoe Foundation's spending goes to programs?
The Devoe Foundation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is The Devoe Foundation located?
The Devoe Foundation is headquartered in Shelburne, Vermont and files with the IRS under EIN 222807732.
How many years of IRS 990 filings does The Devoe Foundation have?
The Devoe Foundation has 10 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 $135K in total revenue.
What does The Devoe Foundation do?
The Devoe Foundation is a nonprofit organization in the Unknown sector, located in Shelburne, Vermont. It is classified under NTEE code Unknown.
How much revenue does The Devoe Foundation have?
The Devoe Foundation reported total revenue of $134,606. Based on 10 IRS 990 filings on record.
What are The Devoe Foundation's total assets?
The Devoe Foundation holds total assets of $485,925 as reported in IRS 990 filings.
Where is The Devoe Foundation located?
The Devoe Foundation is based in Shelburne, Vermont.
What is The Devoe Foundation's EIN?
The Devoe Foundation's Employer Identification Number (EIN) is 222807732. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is The Devoe Foundation?
The Devoe Foundation is classified under NTEE code Unknown (Unknown).
Is The Devoe Foundation a registered 501(c)(3)?
The Devoe Foundation appears in IRS records (EIN: 222807732). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does The Devoe Foundation file IRS Form 990?
Yes, The Devoe Foundation has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was The Devoe Foundation's revenue in 2023?
In the 202312 filing period, The Devoe Foundation reported total revenue of $19,555, total expenses of $31,050, and net assets of $474,364.
Is The Devoe Foundation's revenue growing or declining?
The Devoe Foundation's revenue is growing. Revenue went from $17,819 (202212) to $19,555 (202312), a +9.7% change. Based on 10 filings on record.
What is The Devoe Foundation's most recent 990 filing?
The most recent IRS Form 990 filing for The Devoe Foundation covers tax period 202312. It shows revenue of $19,555, expenses of $31,050, total assets of $474,364, and liabilities of $1.
How much does The Devoe Foundation spend on programs vs administration?
Based on IRS 990 analysis, The Devoe Foundation allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is The Devoe Foundation a trustworthy charity?
Based on AI analysis of IRS 990 data, The Devoe Foundation shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for The Devoe Foundation?
The following concerns were identified: Consistent 0% compensation reported across all filings, despite significant assets and expenses, raises questions about how operational leadership is compensated or if it's entirely volunteer-driven.. The 'l1' status (lack of independent voting members) in recent years suggests potential governance issues or a family foundation structure without external oversight.. Limited information available on specific programs or impact, making it difficult to assess the effectiveness of their charitable spending.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are The Devoe Foundation's strengths?
Positive indicators for The Devoe Foundation include: The foundation maintains a stable asset base, consistently above $400,000, indicating financial resilience.. Expenses have remained relatively low compared to assets, suggesting prudent financial management.. Consistent filing history demonstrates adherence to regulatory requirements.. These findings are derived from AI analysis of the organization's financial filings.
How does The Devoe Foundation compensate executives?
Executive compensation is reported as $0 across all available filings, which, while potentially indicating an all-volunteer model, warrants further investigation to confirm no indirect benefits or related party transactions are occurring. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of $0 compensation and the 'l1' status, what is the operational model of The Devoe Foundation, and how does it ensure independent oversight and decision-making?
The consistent $0 compensation suggests an all-volunteer model or that compensation is handled through an unstated mechanism. The 'l1' status indicates a lack of independent voting members, implying a closely held or family foundation structure where oversight may be internal rather than external.
With revenues fluctuating but assets remaining stable, what is the foundation's long-term strategy for growth and increasing its charitable impact?
The foundation appears to operate with a focus on maintaining its asset base rather than aggressive growth. Its strategy seems to be consistent, low-expense operations, but without more program detail, it's hard to assess its impact growth strategy.
Filing History
IRS 990 filing history for The Devoe Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Devoe Foundation's revenue has grown by 27.5%, moving from $15K to $20K. Total assets increased by 28.1% over the same period, from $370K to $474K. Total functional expenses rose by 91.1%, from $16K to $31K. In its most recent filing year (2023), The Devoe Foundation reported a deficit of $11K, with expenses exceeding revenue. The organization holds $1 in liabilities against $474K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $474K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20K | $31K | $474K | $1 | — | — |
| 2022 | $18K | $35K | $435K | $1 | — | View 990 |
| 2021 | $14K | $21K | $551K | $1 | — | — |
| 2020 | $7K | $19K | $494K | $1 | — | View 990 |
| 2019 | $12K | $25K | $458K | $0 | — | View 990 |
| 2015 | $14K | $26K | $415K | $0 | — | View 990 |
| 2014 | $16K | $23K | $450K | $0 | — | View 990 |
| 2013 | $15K | $25K | $453K | $0 | — | View 990 |
| 2012 | $14K | $25K | $405K | $0 | — | View 990 |
| 2011 | $15K | $16K | $370K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20K, expenses of $31K, and assets of $474K (revenue +9.7% year-over-year).
- 2022: Revenue of $18K, expenses of $35K, and assets of $435K (revenue +24.4% year-over-year).
- 2021: Revenue of $14K, expenses of $21K, and assets of $551K (revenue +108.7% year-over-year).
- 2020: Revenue of $7K, expenses of $19K, and assets of $494K (revenue -44.7% year-over-year).
- 2019: Revenue of $12K, expenses of $25K, and assets of $458K (revenue -13.5% year-over-year).
- 2015: Revenue of $14K, expenses of $26K, and assets of $415K (revenue -12.7% year-over-year).
- 2014: Revenue of $16K, expenses of $23K, and assets of $450K (revenue +9.8% year-over-year).
- 2013: Revenue of $15K, expenses of $25K, and assets of $453K (revenue +4.8% year-over-year).
- 2012: Revenue of $14K, expenses of $25K, and assets of $405K (revenue -6.9% year-over-year).
- 2011: Revenue of $15K, expenses of $16K, and assets of $370K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Devoe Foundation:
Data Sources and Methodology
This transparency report for The Devoe Foundation 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.