Devereux Ocean Foundation Inc

Nonprofit profile at a glance

EIN
824193252
IRS 990-PF coverage
2020–2024
Forms available
Form 990-PF 2024
Location
Jamestown, RI, USA
Phone
4018351879
Rating
86
Verdict
STRONG
Rating confidence
Standard
Sector
Named Trusts N.E.C.

Reported finances

Revenue
$357,550
Expenses
$669,452

Source: IRS Form 990-PF. Selected filing: tax year 2024. Amounts in USD.

Overview

Mission

Named Trusts N.E.C.

What it reported funding in 2024

The foundation reported 6 grants totaling $302,500. The stated grant purposes included contribution, funding to provide stipends for teachers to develop ocean classroom curriculum materials for k-12 classrooms. provide funds to facilitate archival retreival of visual materials for the curriculum development. research and development of tools to facilitate the delivery of gso research and knowledge to the general public, and general grants to support ocean education amongst the people of the bahamas. training of local fishers to recognize species that are safe alternatives to endangered species or species critical to reef habitat., plus 3 other reported purposes.

Operating model

Revenue model
Investment-supported. 100% of the foundation's positive operating resources came from recurring investment income.
Distribution model
Grant intermediary. The foundation distributed 73% of its reported charitable disbursements as grants.
  • Includes asset-sale income: Asset-sale income is shown separately from recurring resources when classifying the revenue model.

The verdict

STRONG - A large share of available resources goes to charitable grants and the filing identifies who received its grants. A relatively small share of spending goes to grants and the filing reports one or more activities that warrant closer review.

Rating breakdown

  • Grant Deployment: 100
  • Cost Efficiency: 45
  • Transparency: 100
  • Compliance: 98
  • Endowment Health: 79

Detailed rating inputs

Grant Deployment

  • Grant deployment ratio: 100%; rating input score 100; 71st percentile among comparable filings

Cost Efficiency

  • Grant expense ratio: 45.2%; rating input score 45; 12th percentile among comparable filings

Transparency

  • Grant recipient disclosure: Yes; rating input score 100

Compliance

  • Part VII-B activity disclosures: 18 of 19 controls in place; rating input score 95
    • Property sale or exchange with a disqualified person: Pass
    • Borrowing from or lending to a disqualified person: Pass
    • Goods, services, or facilities involving a disqualified person: Pass
    • Compensation paid to a disqualified person: Fail
    • Assets transferred to a disqualified person: Pass
    • Payment to a government official: Pass
    • Uncorrected prior self-dealing: Pass
    • Prior-year undistributed income: Pass
    • Excess business holdings: Pass
    • Investments that may jeopardize charitable purposes: Pass
    • Uncorrected prior-year jeopardizing investments: Pass
    • Attempt to influence legislation: Pass
    • Attempt to influence an election: Pass
    • Grants to individuals: Pass
    • Grants to organizations: Pass
    • Spending for a noncharitable purpose: Pass
    • Funds received for a personal-benefit contract: Pass
    • Premiums paid on a personal-benefit contract: Pass
    • Prohibited tax-shelter transaction: Pass
  • Filing consistency checks: 10; rating input score 100

Endowment Health

  • Endowment-health comparison: 23.75; rating input score 79; 79th percentile among comparable filings

Details

  • Where the money goes: Financial trends and filed revenue, expense, asset, and liability detail
  • Grants: 100% of grant recipient detail disclosed
  • Payout: At least 100% grant deployment rate
  • Trustees: Filed trustees detail
  • Self-dealing: 100% of reviewed questions answered “No”
  • Investments: 79th percentile for endowment coverage
  • Consistency: 10 of 10 current checks pass
  • Filing history: 5 filing years from 2020 to 2024
  • Contacts: How to reach this organization
  • Money network: 8 filed money-flow records
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Cost Efficiency: Grant expense ratio scored 45/100.
  • Review — Compliance: Part VII-B activity disclosures: Compensation paid to a disqualified person not reported.