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The Michael P Devito Memorial

IRS exemption revoked

Southhold, NYUnknown exempt organization EIN 46-5438200Revenue $10K in FY2021Latest return filed Mar 10, 2022

On file with the IRS750 Paradise Point Road · Southhold, NY

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Scholarship fund

Mission: Form 990 Part I, line 1

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FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
Revoked
IRS exemption revoked
Concern: the IRS revoked its tax exemption.
IRS Auto-Revocation List
Latest return
FY2021
latest Form 990
Concern: the latest return is for FY2021, 5 tax years back; more than 4 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $6K a year · 98% of revenue · last 2 filings
Looks good: a surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Spent on programs
×138
of spending
Looks good: 13714% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1634 mo
of spending, in cash
Looks good: 1633.7 months of spending in cash; 3 or more.
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
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10K
+356% vs prior year
Spent
$99
To programs
×138
Net assets
$13K
By yearFY2020–FY2021
Revenue
$10K
FY2021▲ +356%
Tap a bar for its year
Revenue by fiscal year
FY2020$2K
FY2021$10K
Expenses
$99
FY2021▼ -20%
Tap a bar for its year
Expenses by fiscal year
FY2020$124
FY2021$99
Net assets
$13K
FY2021▲ +236%
Tap a bar for its year
Net assets by fiscal year
FY2020$4K
FY2021$13K

From the FY2021 Form 990 · see the original

990 PDF Claim
IRS revoked this organization's tax-exempt status on May 15, 2025

Is it real?

No. The IRS revoked its tax exemption. Latest filing on record: FY2021.

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

Where the money goes

13714 cents of each dollar spent went to programs.

Program services 13714% · $14K

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

2 people listed on the 990.

Part VII, Section A · reportable compensation
$0Pt VII · Sec A
$0Pt VII · Sec A
See The Michael P Devito Memorial 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

The Michael P Devito Memorial is a nonprofit organization based in Southhold, NY.

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Provided by the organization

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2 programs · in their own filed words · FY2021
01

Fund raising for educational scholarships

Pt IX · col B
02

Fund raising for educational scholarships

Pt IX · col B

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 · 1 grant · $13K · 2021–2021
Rye High SchoolFY2021$13,468

By the numbers

The FY2021 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$10K
Ln 12
Gifts and grantsLn 1h$10K
Money outPt IX
$99
Ln 25
Programscol B$14K
Owns and owesPt X
$13K
net assets · Ln 32
Cash and savingsLn 1–2$13K
Total assetsLn 16$13K
LiabilitiesLn 26$0
PeoplePt VI, VII
2
listed · VII A
PaidVII A0
Voting boardVI 1a0
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$10K
Total revenueLn 12$10K
Assets in detailPt X, end of year
Cash and savings togetherLn 1–2$13K
Total assetsLn 16$13K
LiabilitiesLn 26$0
Net assetsLn 32$13K
OperationsPt I, VI
EmployeesI 50
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2021 Latest ViewingFiled with the IRS Mar 10, 2022 $10K$99$9K$13K 990 PDF
FY2020Filed with the IRS Mar 12, 2021 $2K$124$2K$4K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons O · Explanations
See the full FY2021 990 (1 part)
Part VI · Governance 4 to look at
VI-1a Voting members of the governing body0
VI-1b Independent voting members0
VI-12a Written conflict of interest policyNo
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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