W E Martin Foundation
- Assets
- $3.0m
- Revenue
- $77.7k
- Investments
- $3.0m
- Employees
- 0
- Location
- Mt Pleasant, MI
- Founding
- 02/2008
- Data as of
- 12/2022
- EIN
- 26-1192966
Organization Overview
W E Martin Foundation is located in Mt Pleasant, MI. 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. W E 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, W E Martin Foundation generated $77.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (12.2%) each year. All expenses for the organization totaled $213.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, W E Martin Foundation has awarded 100 individual grants totaling $1,455,336. 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 |
|---|---|---|---|
William Martin President | 1 | $0 | |
Eleanor Martin Secretary/tr | 1 | $0 | |
John Martin Vice Preside | 0.25 | $0 | |
Michael Martin Vice-Preside | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17 |
| Dividends & Interest | $72,201 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,452 |
| Capital Gain Net Income | $75,749 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,670 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $4,311 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,263 |
| Contributions, gifts, grants paid | $196,565 |
| Total expenses and disbursements | $213,828 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,293 |
| 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 | $3,000,439 |
| 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 E Martin Foundation has awarded $196,565 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL MICHIGAN UNIVERSITY PURPOSE: 3 2500 SCHOLARSHIPS | $7,500 |
MT PLEASANT AREA COMM FOUNDATION PURPOSE: GENERAL | $1,000 |
COMMUNITY COMPASSION NETWORK PURPOSE: FOOD PANTRY GENERAL FUND | $20,000 |
MT PLEASANT AREA COMM FOUNDATION PURPOSE: WOMEN'S INITIATIVE FD | $10,000 |
RISE ADVOCACY PURPOSE: GEN FUND - DOMESTIC VIOLENCE&ASSAULT | $10,000 |
ISABELLA COMMUNITY SOUP KITCHEN PURPOSE: SOUP KITCHEN GENERAL FUND | $10,000 |