Della Martin Foundation
- Assets
- $7.7m
- Revenue
- $582.0k
- Investments
- $7.5m
- Employees
- 0
- Location
- Los Angeles, CA
- Founding
- 04/1975
- Data as of
- 12/2022
- EIN
- 23-7444954
Organization Overview
Della Martin Foundation is located in Los Angeles, CA. The organization was established in 1975. 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. Della 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 12/2022, Della Martin Foundation generated $582.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $354.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eileen D Sheppard Trustee | 0.5 | $1,000 | |
Philip A Swan Trustee | 0.5 | $1,000 | |
Allen W Mathies Jr MD Trustee | 0.5 | $1,000 | |
Kelly Kinnon Trustee | 0.5 | $1,000 | |
Laurence K Gould Jr Trustee | 2.8 | $0 | |
James A Lonergan Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aristotle Capital Management | 12/30/22 | $60,903 |
Sheppard Mullin Richter & Hampton | 12/30/22 | $53,773 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $54,639 |
| Dividends & Interest | $147,495 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $379,826 |
| Capital Gain Net Income | $379,826 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $43 |
| Total Revenue | $582,003 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $4,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,771 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $154,899 |
| Contributions, gifts, grants paid | $200,000 |
| Total expenses and disbursements | $354,899 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $263,982 |
| Savings and temporary cash investments | $0 |
| 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 | $7,731,447 |
| 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, Della Martin Foundation has awarded $900,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
HUNTINGTON MEMORIAL HOSPITAL PURPOSE: CHARITABLE DISTRIBUTION TO MAKE UPGRADES TO THE DELLA MARTIN CENTER FOR BEHAVIORAL SERVICES AT THE HUNTINGTON HOSPITAL TO ENHANCE PATIENT SAFETY AND COMPLY WITH NEW LICENSURE REQUIREMENTS. | $300,000 |
CALIFORNIA INSTITUTE OF TECHNOLOGY PURPOSE: CHARITABLE DISTRIBUTION TO ADD TO ENDOWMENT OF THE DELLA MARTIN FELLOWSHIPS IN MENTAL ILLNESS RESEARCH | $150,000 |
HUNTINGTON MEMORIAL HOSPITAL PURPOSE: CHARITABLE DISTRIBUTION TO MAKE UPGRADES TO THE DELLA MARTIN CENTER FOR BEHAVIORAL SERVICES AT THE HUNTINGTON HOSPITAL TO ENHANCE PATIENT SAFETY AND COMPLY WITH NEW LICENSURE REQUIREMENTS. | $300,000 |
CALIFORNIA INSTITUTE OF TECHNOLOGY PURPOSE: CHARITABLE DISTRIBUTION TO ADD TO ENDOWMENT OF THE DELLA MARTIN FELLOWSHIPS IN MENTAL ILLNESS RESEARCH | $150,000 |