Martin Foundation
- Assets
- $25.9m
- Revenue
- $711.6k
- Investments
- $25.9m
- Employees
- 0
- Location
- Doylestown, PA
- Founding
- 04/2012
- Data as of
- 12/2022
- EIN
- 27-2178874
Organization Overview
Martin Foundation is located in Doylestown, PA. The organization was established in 2012. 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.
For the year ending 12/2022, Martin Foundation generated $711.6k 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 (15.5%) each year. All expenses for the organization totaled $1.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Martin Foundation has awarded 120 individual grants totaling $7,298,500. 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 |
|---|---|---|---|
Sharon B Martin Director | 0 | $0 | |
Jessica E Thompson Director | 10 | $20,000 | |
Bria H Larson Director | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $876,572 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$166,503 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,495 |
| Total Revenue | $711,564 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $20,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $153,425 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $123,654 |
| Total operating and administrative expenses | $305,979 |
| Contributions, gifts, grants paid | $1,030,000 |
| Total expenses and disbursements | $1,335,979 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $35,894 |
| Savings and temporary cash investments | $451 |
| 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 | $364 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $13,900 |
| Total assets | $25,928,721 |
| 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, Martin Foundation has awarded $1,030,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BUCKS COUNTY HOUSING GROUP PURPOSE: TO ELIMINATE HOMELESSNESS IN BUCKS COUNTY | $10,000 |
FREIRE CHARTER SCHOOL FOUNDATION PURPOSE: TO HELP BRING NEW OPPORTUNITIES TO A NUMBER OF STUDENTS THROUGH EDUCATION | $30,000 |
LUNCH BREAK PURPOSE: GETTING FOOD TO PEOPLE IN NEED | $10,000 |
SIERRA CLUB FOUNDATION PURPOSE: SUPPORT FOR VITAL WORK OF ENVIRONMENTAL PRESERVATION | $500,000 |
PARK VIEW COMMUNITY MISSION PURPOSE: RESTORING FAMILIES' LIVES BY BUILDING RELATIONSHIPS AND PROVIDING LIFE CHANGING RESOURCES | $10,000 |
NORTHERN SIERRA PARTNERSHIP PURPOSE: PROMOTE COMMUNITY WELL-BEING AND HELP KEEP LOCAL COMMUNITY PRESERVED | $50,000 |