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Nonprofiteer
← DEVTO SUPPORT FOUNDATION

Form 990 for tax year 2023

Filed by DEVTO SUPPORT FOUNDATION.

Totals

Total revenue
$23,810,261
Total expenses
$5,069,212
Contributions and grants received
$0
Grants paid
$4,902,245
Program service revenue
$0
Investment income
$23,628,945
Other revenue
$181,316
Total assets, end of year
$93,706,041
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$93,706,041
Program services expenses (Part IX)
$5,069,212
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$5,069,212

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $3,367,660 · related or exempt $3,367,660

  • 7a · Gross sales of assets other than inventory

    securities $28,341,259

  • 7b · Less cost or other basis and sales expenses

    securities $8,079,974

  • 7c · Gain or loss

    securities $20,261,285

  • 7d · Net gain or loss

    total $20,261,285 · related or exempt $20,261,285

  • 11a · Other revenue: CAPITAL GAIN DISTRIBUTION

    total $181,316 · related or exempt $181,316

  • 11e · Other revenue, total

    $181,316

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $4,902,245 · program services $4,902,245

  • 11a · Fees: management

    total $156,382 · program services $156,382

  • 11c · Fees: accounting

    total $6,765 · program services $6,765

  • 24a · Other expenses: FOREIGN TAXES PAID

    total $3,600 · program services $3,600

  • 24b · Other expenses: FILING FEES

    total $220 · program services $220

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $459,943 · end of year $557,241

  • 11 · Investments: publicly traded securities

    beginning of year $6,749,600 · end of year $8,851,800

  • 12 · Investments: other securities

    beginning of year $69,961,166 · end of year $84,297,000

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $77,170,709 · end of year $93,706,041

Mission and programs · 2023

Mission

THE SPECIFIC PURPOSE OF THIS CORPORATION IS TO SUPPORT THE DESERT COMMUNITY FOUNDATION, THE CALIFORNIA COMMUNITY FOUNDATION AND THE ORANGE COUNTY COMMUNITY FOUNDATION.

Activities or mission (Part I)

TO SUPPORT THREE SOUTHERN CALIFORNIA COMMUNITY FOUNDATIONS AND FACILITATE CHARITABLE GIVING.

  • CHARITABLE GRANT MAKING

    Expenses $5,069,212 · Grants $4,902,245 · Revenue $23,810,261

As filed on the 2023 return.

Listed in Part VII

  • Dorothy Hamilton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kevin Martin

    DIRECTOR AND PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Richard Oliphant

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Todd Pickup

    DIRECTOR AND SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Joseph Moody

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ed Tauber

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

The 10 largest by cash amount. The API serves every itemized grant.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
12 November 2024
IRS schema version
2023v5.1
Source object
202413199349306276

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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