Nicholas Martini Foundation
- Assets
- $12.8m
- Revenue
- $1.1m
- Investments
- $10.4m
- Employees
- 0
- Location
- Newark, NJ
- Founding
- 08/1986
- Data as of
- 12/2021
- EIN
- 22-2756049
Organization Overview
Nicholas Martini Foundation is located in Newark, NJ. The organization was established in 1986. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Nicholas Martini 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 12/2021, Nicholas Martini Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $1.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Nicholas Martini Foundation has awarded 114 individual grants totaling $2,983,591. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Martini Jr Trustee | 0.5 | $1,000 | |
Gail A Hansen Trustee | 0.5 | $8,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $172,003 |
| Dividends & Interest | $173,746 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $709,697 |
| Capital Gain Net Income | $709,697 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $26,444 |
| Total Revenue | $1,081,890 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $32,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2,337 |
| Taxes | $10,702 |
| Depreciation | $28,624 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $11,314 |
| Printing and publications | $0 |
| Other expenses | $69,905 |
| Total operating and administrative expenses | $177,081 |
| Contributions, gifts, grants paid | $1,365,146 |
| Total expenses and disbursements | $1,542,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $350,033 |
| Savings and temporary cash investments | $161,362 |
| 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 | $7,046,126 |
| Net Land, buildings, and equipment | $721,468 |
| Other assets | $1,252,576 |
| Total assets | $12,844,838 |
| 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 | $8,923 |
| Total liabilities | $8,923 |
Grants Awarded
Over the last fiscal year, Nicholas Martini Foundation has awarded $1,365,146 in support to 77 organizations.
| Grant Recipient | Amount |
|---|---|
MERIDIAN HEALTH FOUNDATION PURPOSE: GENERAL SUPPORT | $300,000 |
ST JOSEPH'S HEALTH INC PURPOSE: GENERAL SUPPORT | $300,000 |
BOYS AND GIRLS CLUB OF CLIFTON PURPOSE: GENERAL SUPPORT | $270,000 |
HACKENSACK UNIVERSITY MEDICAL PURPOSE: GENERAL SUPPORT | $51,000 |
PASSAIC OPTIMIST CLUB PURPOSE: GENERAL SUPPORT | $25,000 |
PALS PURPOSE: GENERAL SUPPORT | $25,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Nicholas Martini Foundation has recieved totaling $15.
| Awarding Organization | Amount |
|---|---|
Bailey Family Foundation Inc Vero Beach, FL PURPOSE: PRIVATE FOUNDATION | $15 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
John R Oishei Foundation Buffalo, NY | $294,151,477 | $18,357,929 |
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
American Express Foundation New York, NY | $66,234,265 | $62,922,703 |
Essel Foundation Inc Purchase, NY | $100,106,056 | $12,292,478 |
Beth And Ravenel Curry Foundation New York, NY | $0 | $44,744,046 |
Kz Family Foundation New York, NY | $10,936,301 | $30,139,672 |
The Freeman Foundation P-01644-00-7 New York, NY | $343,405,683 | $35,941,951 |
Hearst Foundation Inc New York, NY | $439,249,947 | $42,040,987 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Tansy Charitable Foundation New York, NY | $325,076,608 | $77,631,295 |