The Bobby And Gloria Martin Foundation
- Assets
- $630.2k
- Revenue
- $40.0k
- Investments
- $603.5k
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 01/2008
- Data as of
- 12/2021
- EIN
- 23-1365662
Organization Overview
The Bobby And Gloria Martin Foundation is located in Raleigh, NC. The organization was established in 2008. 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. Bobby And Gloria Martin 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, Bobby And Gloria Martin Foundation generated $40.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $69.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bobby And Gloria Martin Foundation has awarded 76 individual grants totaling $310,150. 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 |
|---|---|---|---|
Gloria C Martin Director | 2 | $0 | |
Robert H Martin III Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $40,950 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$996 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,954 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,162 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $157 |
| Total operating and administrative expenses | $4,319 |
| Contributions, gifts, grants paid | $65,450 |
| Total expenses and disbursements | $69,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,305 |
| Savings and temporary cash investments | $14,446 |
| 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 | $630,245 |
| 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, The Bobby And Gloria Martin Foundation has awarded $65,450 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
HBUMC PURPOSE: TO PARTNER WITH MISSION ORGANIZATIONS WORLDWIDE AND SERVE IN OUR COMMUNITY. | $25,000 |
YMCA - Y LEARNING PURPOSE: TO ADVOCATE FOR CHRISTIAN PRINCIPLES THROUGH PROGRAMS FOR A HEALTHY SPIRIT, MIND, AND BODY. | $25,000 |
Boone, NC PURPOSE: TO ADVOCATE FOR STUDENTS TO BREAK THE STATUS QUO. | $5,000 |
WEE CARE CHILDREN'S ENRICHMENT PROGRAM PURPOSE: TO PROVDE A FREE PRESCHOOL EDUCATION TO CHILDREN FROM ECNOMICALLY DISADVANTAGED FAMILIES. | $4,000 |
Linville, NC PURPOSE: TO SUPPORT LOCAL PROGRAMS AND GIVE BACK TO THE SURROUNDING COMMUNITY. | $2,000 |
Raleigh, NC PURPOSE: TO ADVOCATE FOR THE ORPHANED AND ABANDONED CHILDREN OF PANAMA. | $1,200 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Robins Foundation Richmond, VA | $182,936,779 | $19,761,890 |
Virginia Institute Of Autism Incorporated Charlottesville, VA | $13,400,970 | $11,731,710 |
Joe C Davis Foundation Nashville, TN | $101,782,891 | $6,182,733 |
Fraser-Parker Foundation Atlanta, GA | $226,420,772 | $14,099,479 |
Paces Foundation Inc Smyrna, GA | $85,397,872 | $9,603,919 |
Gambrell Foundation Charlotte, NC | $0 | $18,901,501 |
The Ma-Ran Foundation Atlanta, GA | $81,838,064 | $4,938,726 |
Day Foundation Memphis, TN | $0 | $13,711,953 |
Clayton Family Foundation Knoxville, TN | $90,913,195 | $17,391,150 |
Affordable Housing Opportunity Fund Inc Charlottesville, VA | $703,537 | $6,974,715 |
G Harbaugh Foundation Franklin, TN | $61,708,468 | $12,393,056 |
Robert H Smith Family Foundation Arlington, VA | $10,315,724 | -$3,599,936 |