Bill And Margaret Marvin Foundation
- Assets
- $12.4m
- Revenue
- $865.2k
- Investments
- $11.3m
- Employees
- 0
- Location
- Warroad, MN
- Founding
- 04/2011
- Data as of
- 12/2021
- EIN
- 27-4708403
Organization Overview
Bill And Margaret Marvin Foundation is located in Warroad, MN. The organization was established in 2011. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Bill And Margaret Marvin 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 12/2021, Bill And Margaret Marvin Foundation generated $865.2k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $880.6k during the year ending 12/2021. While expenses have increased by 3.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Elliot J Larson Secretary/treasurer | 0.5 | $79,350 | |
Margaret Ann Johnson Director | 0.5 | $0 | |
John W Marvin Vice Chair | 0.5 | $0 | |
George G Marvin III Chair | 0.5 | $0 | |
Frank R Marvin Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $63,052 |
| Dividends & Interest | $280,055 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $517,560 |
| Capital Gain Net Income | $517,560 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,494 |
| Total Revenue | $865,161 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $79,350 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $25,300 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,436 |
| Total operating and administrative expenses | $164,588 |
| Contributions, gifts, grants paid | $716,000 |
| Total expenses and disbursements | $880,588 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $679,328 |
| Savings and temporary cash investments | $431,358 |
| 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 | $888,182 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,408,077 |
| 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, Bill And Margaret Marvin Foundation has awarded $716,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
Saint Paul, MN PURPOSE: COMMUNITY IMPROVEMENT | $403,000 |
Thief River Falls, MN PURPOSE: PROGRAM SUPPORT | $250,000 |
Warroad, MN PURPOSE: PROGRAM SUPPORT | $40,000 |
Warroad, MN PURPOSE: PROGRAM SUPPORT | $23,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
William F Vilas Estate Oregon, WI | $133,759,429 | $14,905,447 |
Woodbourne Charitable Trust Plymouth, MN | $1,142,964 | $10,020,932 |
James M Stanton Foundation Bloomington, MN | $29,105,685 | $38,323,984 |
Cokato Charitable Trust Cokato, MN | $9,103,416 | $8,785,306 |
Jay And Rose Phillips Family Foundation Of Minnesota Minneapolis, MN | $65,545,808 | $6,097,586 |
Hennessey Charitable Trust Dubuque, IA | $69,986,391 | $0 |
Marie H Bechtel Charitable Trust Davenport, IA | $48,721,172 | $1,150,391 |
Henry J Predolin Foundation Inc Madison, WI | $69,057,848 | $691,560 |
Ciresi Walburn Foundation For Children Minneapolis, MN | $31,215,919 | $1,296,068 |
Holthues Tr Muscatine, IA | $22,886,855 | $2,685,899 |
Murphy Charitable Family Foundation Ankeny, IA | $6,139,720 | $12,111 |
Conrad Heskin Charitable Trust Grand Forks, ND | $0 | $281,368 |