Devereux Ocean Foundation Inc
Devereux Ocean Foundation Inc is a private foundation, based in Jamestown, RI. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $7.2M in total assets. In 2024, it awarded 6 grants totaling $303K. Net investment income was $285K.
Devereux Ocean Foundation Inc at a glance
In short: Devereux Ocean Foundation Inc gave $303K across 6 grants in 2024 (avg $50K), mostly in Vermont. Source: 2024 IRS Form 990-PF.
- Annual giving (2024)
- $302,500
- +13.9% vs 2023
- Grants made (2024)
- 6
- +0.0% vs 2023
- Average grant
- $50,417
- +13.9% vs 2023
- Median grant
- $60,000
- Total assets
- $7,183,602
- -1.0% vs 2023
- Primary geography
- Vermont (56% of itemized 2024 grant dollars)
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated September 2026.
Who Devereux Ocean Foundation Inc funds
How this funder distributes its grants
Top Recipients
Top 6 recipients in 2024
The largest 2024 recipient was Bahamas Marine Mammal research ($100K). Together the top 6 received $303K.
Grant Size Distribution
32 grants across all recorded years
The most common grant size was in the $50–100K range: 18 grants of 32 (56%).
Geographic Focus
Where this funder awards grants
Grant Distribution by State
Share of 2024 grant dollars across all 6 itemized grants.
Cities
How Devereux Ocean Foundation Inc gives
- Giving held roughly steady from 2021 to 2024 (+3%). Method
- In 2024 it paid out 128% of its IRS minimum distribution (the 5% rule). Method
From the foundation's IRS Form 990-PF filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2020 to 2024, annual grant giving ranged from $228K (2020) to $310K (2022). In 2024 it made 6 grants totaling $303K.
Grants by year
Grant recipients and amounts by year
| Recipient | Purpose | Amount |
|---|---|---|
| Bahamas Marine Mammal research Grand Isle, VT | Grant for research into noise and ship collision in the Northwest Providence passage near the South Abaco sperm whale nursery. A population survey of mammals in the Sea of Abaco | $100,000 |
| Perry Institute for Marine Science Waitsfield, VT | Grant to support efforts to curtail the spread of Spiney Coral Tissue Loss Diseases. Coral restoration grants and reef health surveys through out the Bahamas. | $70,000 |
| University of Rhode Island GSO Kingston, RI | 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 | $60,000 |
| Friends of the Environment Delray Beach, FL | 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. | $60,000 |
| The Hotchkiss School Lakeville, CT | Contribution | $10,000 |
| Cisf Jamestown, RI | education | $2,500 |
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2024 | $7,183,602 | $357,550 | $669,452 | $302,500 | 6 | $412,557 | $285,352 | $322,570 |
| 2023 | $7,254,769 | $301,273 | $699,148 | $265,500 | 6 | $630,891 | $231,515 | $340,877 |
| 2022 | $6,703,294 | $105,088 | $612,519 | $310,175 | 8 | $543,055 | $136,511 | $345,558 |
| 2021 | $7,393,564 | $299,039 | $598,450 | $294,810 | 7 | $522,874 | $538,211 | $397,164 |
| 2020 | $7,367,276 | $349,520 | $961,312 | $228,110 | 5 | — | $208,906 | $378,109 |
Under IRS private-foundation payout rules, Devereux Ocean Foundation Inc reported a distributable amount of $323K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Devereux Ocean Foundation Inc is led by Mark Grosby, President since 2021 (on filings since 2020); 2 of 3 officers listed in 2024 are compensated.
Officers on the 2024 filing
Mark Grosby
President
President Director → President, 2021
On filings since 2020
20 hrs/week
$118K (2020) → $1.4M (2024)
Paul Beard
Director
On filings since 2020
0.3 hrs/week
$2K (2020) → $0 (2024)
Suzanne Grosby
CFO
Secretary → Secretary Treasurer, 2022
Secretary Treasurer → CFO, 2023
On filings since 2020
10 hrs/week
$52K (2020) → $62K (2024)
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $1.4M, to Mark Grosby (Pres). 2 officers or directors reported compensation on that filing.
Frequently asked questions about Devereux Ocean Foundation Inc
How much does Devereux Ocean Foundation Inc give each year?
Devereux Ocean Foundation Inc gave $303K across 6 grants in 2024, according to its 2024 IRS Form 990-PF. In 2023 it gave $266K across 6 grants.
What is Devereux Ocean Foundation Inc's typical grant size?
Devereux Ocean Foundation Inc's median grant in 2024 was $60,000, and its average grant was $50,417, across 6 grants on its 2024 IRS Form 990-PF.
Where does Devereux Ocean Foundation Inc give grants?
Devereux Ocean Foundation Inc gives mostly in Vermont: 56% of the grant dollars itemized on its 2024 IRS Form 990-PF went to recipients there. The next largest states were Rhode Island (21%) and Florida (20%).
Does Devereux Ocean Foundation Inc give general operating support?
Yes: 33% of Devereux Ocean Foundation Inc's 2024 grants with a stated purpose (2 of 6) were for general or operating support, per its 2024 IRS Form 990-PF.
Who are Devereux Ocean Foundation Inc's largest grantees?
Devereux Ocean Foundation Inc's largest 2024 grantees include Bahamas Marine Mammal research ($100,000), Perry Institute for Marine Science ($70,000) and University of Rhode Island GSO ($60,000), according to its 2024 IRS Form 990-PF. Together they received 76% of its itemized 2024 grant dollars.
How large is Devereux Ocean Foundation Inc?
Devereux Ocean Foundation Inc reported $7.2M in total assets on its 2024 IRS Form 990-PF. It paid out $413K in qualifying distributions that year, against a required minimum of $323K (roughly 5% of its investment assets).
What is Devereux Ocean Foundation Inc's EIN?
Devereux Ocean Foundation Inc's EIN (Employer Identification Number) is 82-4193252. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated September 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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