The Devto Support Foundation

Tax-deductible

Newport Beach, CA501(c)(3)Foundations & GrantmakersEIN 45-4575736Revenue $5.4M in FY2024

On file with the IRSdevtosupportfoundation.org1400 Newport Center Dr Ste 230, 92660-0946 · Newport Beach, CATax-exempt since Jul 2014Supporting organization — 509(a)(3)

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To Support three southern california community foundations and facilitate charitable giving.

501(c)(3) charity; gifts are tax-deductible.
100¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 5
filings with a surplus
Average surplus $3.1M a year · 40% of revenue · last 5 filings
Worth a look: a surplus in 3 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 2.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
6
of 6 voting members
Looks good: 6 of 6 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$5.4M
-77% vs prior year
Spent
$5.2M
To programs
100%
Net assets
$110.4M
By yearFY2020–FY2024
Revenue
$5.4M
FY2024▼ -77%
Tap a bar for its year
Revenue by fiscal year
FY2020$3.8M
FY2021$1.3M
FY2022$4.4M
FY2023$23.8M
FY2024$5.4M
Expenses
$5.2M
FY2024▲ +2%
Tap a bar for its year
Expenses by fiscal year
FY2020$3.7M
FY2021$4.4M
FY2022$4.7M
FY2023$5.1M
FY2024$5.2M
Net assets
$110.4M
FY2024▲ +18%
Tap a bar for its year
Net assets by fiscal year
FY2020$69.8M
FY2021$95.1M
FY2022$77.2M
FY2023$93.7M
FY2024$110.4M

From the FY2024 Form 990 · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jul 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $5.2M

Form 990 Part IX, line 25. Every line is in By the numbers.

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Who runs it and what they're paid

6 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
Director and President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director and Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
See The Devto Support Foundation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides grants to support three Southern California community foundations and facilitate charitable giving in the region.

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Provided by the organization

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1 program · $5.2M · in their own filed words · FY2024
01

Charitable grant making

$5.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 472 grants · $22.1M · 2020–2024
St Andrews Presbyterian ChurchCA · FY2024$308,500
California RewindCA · FY2024$250,000
Henry Ohlhoff HouseCA · FY2024$150,000
Hoag Charity SportsCA · FY2024$125,000
Hope House Orange CountyCA · FY2024$100,000
5430 FoundationCA · FY2024$100,000
Forest Home INCCA · FY2024$100,000
Northeast of the WellCA · FY2024$85,000
Brackens Kitchen INCCA · FY2024$85,000
Mariners ChurchCA · FY2024$76,800
Mariners Christian SchoolCA · FY2024$65,000
Newport Sea BaseCA · FY2024$55,000
See all 472 grants →

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$5.4M
Ln 12
Investment incomeLn 3$4.9M
Other incomeLn 4–11$436K
Money outPt IX
$5.2M
Ln 25
Programscol B$5.2M
Owns and owesPt X
$110.4M
net assets · Ln 32
Cash and savingsLn 1–2$938K
Total assetsLn 16$110.4M
LiabilitiesLn 26$0
PeoplePt VI, VII
6
listed · VII A
PaidVII A0
Voting boardVI 1a6
IndependentVI 1b6
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$4.9M
Other incomeLn 4–11$436K
Gains on assetsLn 7$1.2M
Total revenueLn 12$5.4M
Assets in detailPt X, end of year
SavingsLn 2$938K
Cash and savings togetherLn 1–2$938K
InvestmentsLn 11–13$109.5M
Total assetsLn 16$110.4M
LiabilitiesLn 26$0
Net assetsLn 32$110.4M
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$557K$938K
InvestmentsLn 11–13$93.1M$109.5M
Total assetsLn 16$93.7M$110.4M
LiabilitiesLn 26$0$0
Net assetsLn 32$93.7M$110.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5.0M$5.0M
Management feesLn 11a$168K$168K
Accounting feesLn 11c$7K$7K
Other expenses (24a–d)Ln 24$13K$13K
Total functional expensesLn 25$5.2M$5.2M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $5.4M$5.2M$226K$110.4M 990 PDF
FY2023 $23.8M$5.1M$18.7M$93.7M 990 PDF
FY2022 $4.4M$4.7M−$294K$77.2M 990 PDF
FY2021 $1.3M$4.4M−$3.2M$95.1M 990 PDF
FY2020 $3.8M$3.7M$73K$69.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (6 parts)
Part I · Summary $5,376,830 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $23,628,945$4,940,726
I-11 Other revenuePrior year $181,316$436,104
I-12 Total revenuePrior year $23,810,261$5,376,830
I-13 Grants and similar amounts paidPrior year $4,902,245$4,962,500
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $166,967$188,036
I-18 Total expensesPrior year $5,069,212$5,150,536
I-19 Revenue less expensesPrior year $18,741,049$226,294
Part VI · Governance 6 of 6 board members independent, 1 to look at
VI-1a Voting members of the governing body6
VI-1b Independent voting members6
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $5,376,830 across 4 lines filed
VIII-3 Investment incomeRelated to mission $3,693,746$3,693,746
VIII-7 Net gain or loss on sales of assetsRelated to mission $1,246,980$1,246,980
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $436,104$436,104
VIII-12 Total revenueRelated to mission $5,376,830 · Unrelated business $0 · Excluded from tax $0$5,376,830
Part IX · Statement of functional expenses $5,150,536 across 4 lines filed
IX-1 Grants to domestic organizationsPrograms $4,962,500$4,962,500
IX-11a Management feesPrograms $168,141$168,141
IX-11c Accounting feesPrograms $6,855$6,855
IX-24 Other expenses (24a–d)Programs $13,040$13,040
IX-25 Total functional expensesPrograms $5,150,536 · Management $0 · Fundraising $0$5,150,536
Part X · Balance sheet $110,394,712 assets, 7 lines filed
X-2 Savings and temporary cash investmentsStart of year $557,241$938,157
X-11 Publicly traded securitiesStart of year $8,851,800$4,652,555
X-12 Other securitiesStart of year $84,297,000$104,804,000
X-16 Total assetsStart of year $93,706,041$110,394,712
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $93,706,041$110,394,712
X-33 Total liabilities and net assetsStart of year $93,706,041$110,394,712
Part XI · Reconciliation of net assets $110,394,712 net assets at year end
XI-1 Total revenue$5,376,830
XI-2 Total expenses$5,150,536
XI-3 Revenue less expenses$226,294
XI-4 Net assets at start of year$93,706,041
XI-5 Net unrealized gains (losses) on investments$16,462,377
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$110,394,712

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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