Marino Health Foundation Inc
- Assets
- $5.2m
- Revenue
- $108.4k
- Investments
- $5.0m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 06/1999
- Data as of
- 12/2023
- EIN
- 04-3403085
Organization Overview
Marino Health Foundation Inc is located in Wilmington, DE. The organization was established in 1999. According to its NTEE Classification (E20) the organization is classified as: Hospitals, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marino Health Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Marino Health Foundation Inc generated $108.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (6.0%) each year. All expenses for the organization totaled $430.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Marino Health Foundation Inc has awarded 16 individual grants totaling $1,238,834. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE FOUNDATION SUPPORTS HEALTH AND WELLNESS INITIATIVES WITH A FOCUS ON ADVANCING THE SCIENCE OF INTEGRATIVE HEALTH, BY ENCOURAGING AND ENDOWING VARIOUS NONPROFIT COMMUNITY INSTITUTIONS, BOTH INSIDE AND OUTSIDE THE COMMONWEALTH OF MASSACHUSETTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
DURING 2018, THE FOUNDATION CONTINUED TO WIND DOWN ITS OPERATION OF HEALTH CENTERS AND TO EVOLVE TO A PRIVATE FOUNDATION AWARDING GRANTS TO OTHER NOT-FOR-PROFIT ORGANIZATIONS SUPPORTING INTEGRATIVE HEALTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Brent A Bauer MD Dir | 1 | $0 | |
Daniel V Calano Dir | 1 | $0 | |
Prentiss Higgins Dir, Treas | 1 | $0 | |
Lorraine Marino-Snyder Dir, Pres | 1 | $0 | |
Rakel Meir Dir | 1 | $0 | |
W Mason Smith III Dir | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,978 |
| Dividends & Interest | $98,407 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$7,942 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $108,443 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,606 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $189 |
| Printing and publications | $0 |
| Other expenses | $31,295 |
| Total operating and administrative expenses | $75,812 |
| Contributions, gifts, grants paid | $355,000 |
| Total expenses and disbursements | $430,812 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $184,962 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,173,301 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Marino Health Foundation Inc has awarded $355,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
BOSTON COLLEGE PURPOSE: IN SUPPORT OF CITY CONNECTS | $100,000 |
BOSTON COLLEGE PURPOSE: IN SUPPORT OF THE PINE MANOR INSTITUTE FOR STUDENT SUCCESS | $100,000 |
MASSACHUSETTS GENERAL HOSPITAL PURPOSE: IN SUPPORT OF THE INTEGRATED PRIMARY CARE (IPC) PROGRAM IN THE MASS GENERAL FOR CHILDREN TO BUILD ON THE IPC'S PROGRAM IN THE AREAS | $125,000 |
SHRINERS HOSPITALS FOR CHILDREN PURPOSE: IN SUPPORT OF THE CHILD LIFE PROGRAM IN BOSTON | $30,000 |