Mark Foundation
- Assets
- $53.9m
- Revenue
- $2.8m
- Investments
- $51.4m
- Employees
- 0
- Location
- Dallas, TX
- Founding
- 08/2010
- Data as of
- 12/2022
- EIN
- 27-3024112
Organization Overview
Mark Foundation is located in Dallas, TX. The organization was established in 2010. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mark 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, Mark Foundation generated $2.8m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (37.0%) each year. All expenses for the organization totaled $4.7m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mark Foundation has awarded 73 individual grants totaling $8,643,832. 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 |
|---|---|---|---|
Martha Peak Rochelle Director | 5 | $0 | |
Laura Katherine Rochelle Ceo/director | 30 | $120,000 | |
Rebecca Rochelle Director | 5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
The Northern Trust Company | 12/30/22 | $98,502 |
Bessemer Trust Company Na | 12/30/22 | $55,587 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $6,498 |
| Interest on Savings | $0 |
| Dividends & Interest | $1,263,489 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $160,745 |
| Capital Gain Net Income | $160,745 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,340,873 |
| Total Revenue | $2,771,605 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $128,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $44,488 |
| Interest | $8,254 |
| Taxes | $43,412 |
| Depreciation | $12,382 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $19,032 |
| Printing and publications | $0 |
| Other expenses | $506,110 |
| Total operating and administrative expenses | $775,507 |
| Contributions, gifts, grants paid | $3,890,000 |
| Total expenses and disbursements | $4,665,507 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,138,802 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $90,391 |
| 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 | $6,881,346 |
| Net Land, buildings, and equipment | $1,046 |
| Other assets | $1,244,944 |
| Total assets | $53,918,864 |
| 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, Mark Foundation has awarded $3,890,000 in support to 25 organizations.
| Grant Recipient | Amount |
|---|---|
ADVOCATES FOR COMMUNITY TRANSFORMATION PURPOSE: GENERAL SUPPORT TO EMPOWER INNER-CTY RESIDENTS TO FIGH CRIME. | $15,000 |
AGAPE CLINIC PURPOSE: GENERAL SUPPORT. | $25,000 |
ALL SAINTS PRESBYTERIAN CHURCH PURPOSE: SUPPORT OF CAPITAL CAMPAIGN. | $500,000 |
BELLA HOUSE PURPOSE: GENERAL SUPPORT. | $15,000 |
BEHIND EVERY DOOR PURPOSE: GENERAL SUPPORT. | $25,000 |
BNGF KATHERINE & AUSTIN WYKER FUND PURPOSE: DONOR ADVISED FUND | $300,000 |