Julien E Marx Foundation Trust
- Assets
- $8.6m
- Revenue
- $340.9k
- Investments
- $1.8m
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 04/2014
- Data as of
- 12/2021
- EIN
- 27-4916745
Organization Overview
Julien E Marx Foundation Trust is located in Mobile, AL. The organization was established in 2014. 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. Julien E Marx Foundation Trust 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, Julien E Marx Foundation Trust generated $340.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (16.7%) each year. All expenses for the organization totaled $1.6m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Julien E Marx Foundation Trust has awarded 145 individual grants totaling $3,151,013. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
GIFT TO UNIVERSITY OF SOUTH ALABAMA TO SUPPORT FUTURE PROGRAMMING
GIFTS TO VARIOUS LOCAL CHARITABLE ORGANIZATIONS TO SUPPORT
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
I David Cherniak Trustee | 0 | $0 | |
Michael Mcaleer Trustee | 0 | $0 | |
Scott Browning Trustee | 0 | $0 | |
William T Youngblood Trustee | 0 | $0 | |
Earl Hollingshead Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cherniak Law Llc | 12/30/21 | $98,755 |
Earl Hollingshead | 12/30/21 | $68,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $2,349 |
| Dividends & Interest | $31,649 |
| Net Rental Income | $197,955 |
| Net Gain on Sale of Assets | -$228,138 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$984 |
| Total Revenue | $340,865 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $66,432 |
| Occupancy | $1,872 |
| Travel, conferences, and meetings | $3,601 |
| Printing and publications | $0 |
| Other expenses | $398,248 |
| Total operating and administrative expenses | $574,430 |
| Contributions, gifts, grants paid | $980,938 |
| Total expenses and disbursements | $1,555,368 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $46,233 |
| Savings and temporary cash investments | $1,362,114 |
| Net Accounts receivable | $74,975 |
| 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 | $1,456,745 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,747,339 |
| Net Land, buildings, and equipment | $3,677,656 |
| Other assets | $267,233 |
| Total assets | $8,647,560 |
| 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 | $67,276 |
| Total liabilities | $67,276 |
Grants Awarded
Over the last fiscal year, Julien E Marx Foundation Trust has awarded $980,938 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF SOUTH ALABAMA PURPOSE: RENOVATION OF USA LIBRARY | $979,000 |
BOYS AND GIRLS CLUBS OF SOUTH AL PURPOSE: SUPPORT LOCAL PROGRAMS | $1,000 |
ST LUKE'S EPISCOPAL SCHOOL PURPOSE: SUPPORT LOCAL PROGRAMS | $938 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bobbie Bailey Foundation Inc Tucker, GA | $24,485,053 | $1,564,197 |
J R Hyde Iii Foundation Memphis, TN | $230,354,058 | $26,306,779 |
Yhwh Foundation Inc Carrollton, GA | $0 | $14,288,691 |
First Horizon Foundation Memphis, TN | $37,840,936 | $11,265,846 |
Miriam U Hoover Foundation Vero Beach, FL | $0 | $462,542 |
Dr Herbert And Nicole Wertheim Family Foundation Inc Miami, FL | $42,831,898 | $5,245,016 |
Quality Senior Housing Foundation Of East Texas Inc Atlanta, GA | $68,762,519 | $14,924,948 |
The Mary Alice Fortin Foundation Palm Beach, FL | $167,401,142 | $8,209,363 |
Zeist Foundation Inc Atlanta, GA | $306,093,080 | $21,313,980 |
Anverse Inc Cartersville, GA | $0 | $25,436,325 |
Louis And Gloria Flanzer Philantrhopic Tr Sarasota, FL | $95,188,629 | $13,796,000 |
Uga Real Estate Foundation Inc Athens, GA | $310,229,529 | $14,839,274 |