W C & Edna W Martin Family Foundation
- Assets
- $678.8k
- Revenue
- $2.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Dunn, NC
- Founding
- 12/2003
- Data as of
- 12/2022
- EIN
- 20-0390442
Organization Overview
W C & Edna W Martin Family Foundation is located in Dunn, NC. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. W C & Edna W Martin Family Foundation 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 12/2022, W C & Edna W Martin Family Foundation generated $2.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (41.8%) each year. All expenses for the organization totaled $46.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, W C & Edna W Martin Family Foundation has awarded 28 individual grants totaling $117,850. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
W C Martin President | 1 | $0 | |
Edna Martin Secretary/tr | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,032 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,032 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $5,536 |
| Total operating and administrative expenses | $6,037 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $46,037 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $678,791 |
| 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 | $678,791 |
| 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, W C & Edna W Martin Family Foundation has awarded $40,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SHADY GROVE CHURCH PURPOSE: GENERAL FUND | $17,800 |
MACK D FOUNDATION PURPOSE: GENERAL FUND | $1,000 |
UNIVERSITY OF MOUNT OLIVE PURPOSE: GENERAL FUND | $1,000 |
THE LAKE CHURCH PURPOSE: GENERAL FUND | $12,000 |
NC BAPTIST MEN PURPOSE: GENERAL FUND | $2,000 |
GBS FOUNDATION PURPOSE: GENERAL FUND | $1,000 |