Nonprofit · EIN 82-4193252
DEVEREUX OCEAN FOUNDATION INC
Tax-exempt · JAMESTOWN, RI 02835
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $357,550 | $669,452 | -$311,902 | $7,183,602 | $14,694 | $7,168,908 |
| December 31, 2023 | 990-PF | $301,273 | $699,148 | -$397,875 | $7,254,769 | $0 | $7,254,769 |
| December 31, 2021 | 990-PF | $299,039 | $598,450 | -$299,411 | $7,393,564 | $394,951 | $6,998,613 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,000
- Dividends
- $232,886
- Net gain from sales of assets
- $123,664
Expenses
- Grants and similar amounts paid
- $302,500
- Compensation of officers, directors and key employees
- $200,100
- Salaries, compensation and benefits (total)
- $0
- Disbursements for charitable purposes
- $412,557
- Excise tax on investment income
- $3,966
Balance sheet and other
- Total assets, start of year
- $7,254,769
- Total assets, end of year
- $7,183,602
- Total liabilities, end of year
- $14,694
- Net assets, end of year
- $7,168,908
- Fair market value of assets
- $7,183,602
- Qualifying distributions
- $412,557
- Net investment income
- $356,550
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mark Grosby POB 537, Jamestown, RI 02835 | Pres | 20 | $1,380,000 |
| Suzanne Grosby POB 537, Jamestown, RI 02835 | CFO | 10 | $62,100 |
| Paul Beard 7609 Greenbrier Circle, Port St Lucie, FL 34986 | Director | 0.25 | $0 |
990-PF for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Mark Grosby POB 537, Jamestown, RI 02835 | Pres | 20 | $138,000 |
| Suzanne Grosby POB 537, Jamestown, RI 02835 | CFO | 10 | $62,100 |
990-PF for the year ended December 31, 2021: 3 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Mark Grosby POB 537, Jamestown, RI 028350537 | President | 24 | $120,000 | $0 |
| Suzanne Grosby POB 537, Jamestown, RI 028350537 | Secretary | 15 | $54,000 | $0 |
| Paul Beard PO Box 611, Waitsfield, VT 056730611 | Director | 1 | $0 | $1,000 |
Address and contacts
- Address (IRS master file)
- PO BOX 537, JAMESTOWN, RI 02835-0537
- In care of
- % MARK GROSBY
- Signed the 990-PF
- Mark J Grosby, President
- Phone
- (401) 835-1879
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 82-4193252
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2019
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T90)
- Assets (IRS master file)
- $7,183,602
- Income (IRS master file)
- $1,915,422
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $357,550 | $669,452 | $7,183,602 | XML |
| 990-PF | December 2023 | $301,273 | $699,148 | $7,254,769 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | $299,039 | $598,450 | $7,393,564 | XML |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-4193252).
Questions about DEVEREUX OCEAN FOUNDATION INC
- What is the EIN of DEVEREUX OCEAN FOUNDATION INC?
- The employer identification number (EIN) of DEVEREUX OCEAN FOUNDATION INC is 82-4193252.
- Is DEVEREUX OCEAN FOUNDATION INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2019.
- Are donations to DEVEREUX OCEAN FOUNDATION INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does DEVEREUX OCEAN FOUNDATION INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of DEVEREUX OCEAN FOUNDATION INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did DEVEREUX OCEAN FOUNDATION INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of DEVEREUX OCEAN FOUNDATION INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 2 received compensation from the organization, the highest $1,380,000 (Mark Grosby, Pres).
- How much revenue does DEVEREUX OCEAN FOUNDATION INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $357,550, expenses of $669,452 and total assets of $7,183,602 at year end.
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