The Martin Foundation
- Assets
- $2.6m
- Revenue
- -$5.6k
- Investments
- $2.6m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 12/1981
- Data as of
- 03/2023
- EIN
- 23-2182719
Organization Overview
The Martin Foundation is located in Wilmington, DE. The organization was established in 1981. 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. 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.
Since 2015, Martin Foundation has awarded 198 individual grants totaling $1,651,500. 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 |
|---|---|---|---|
George J Hartnett Trustee | 1 | $0 | |
Laurel G Martin Trustee | 1 | $0 | |
Zachary S Martin Trustee | 1 | $0 | |
W James Quigley Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $496 |
| Dividends & Interest | $53,837 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$59,983 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$5,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2 |
| Taxes | $2,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $797 |
| Printing and publications | $0 |
| Other expenses | $17,457 |
| Total operating and administrative expenses | $33,256 |
| Contributions, gifts, grants paid | $175,500 |
| Total expenses and disbursements | $208,756 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,556 |
| 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 | $2,596,028 |
| 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 Martin Foundation has awarded $175,500 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN RHODODENDRON SOCIETY PURPOSE: GENERAL & UNRESTRICTED | $1,000 |
BLUE HILL FIRE COMPANY PURPOSE: GENERAL & UNRESTRICTED | $7,000 |
BLUE HILL MEMORIAL HOSPITAL INC PURPOSE: CAPITAL CAMPAIGN | $25,000 |
BOYS AND GIRLS CLUBS OF METRO SOUTH INC PURPOSE: NEXT LEVEL FOOTBALL PROGRAM | $2,500 |
BROOKS SCHOOL PURPOSE: GENERAL & UNRESTRICTED | $7,500 |
CARROLL SCHOOL CORP PURPOSE: GENERAL & UNRESTRICTED | $15,000 |