St Marcus Foundation Inc

Organization Overview

St Marcus Foundation Inc is located in Milwaukee, WI. The organization was established in 2011. According to its NTEE Classification (X11) the organization is classified as: Single Organization Support, under the broad grouping of Religion-Related and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. St Marcus Foundation Inc 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 06/2022, St Marcus Foundation Inc generated $461.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (16.3%) each year. All expenses for the organization totaled $246.8k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2022

Describe the Organization's Mission:

Part 3 - Line 1

PROVID FUNDS TO ENHANCE RELIGIOUS, CHARITABLE AND EDUCATIONAL ENTITIES.

Describe the Organization's Program Activity:

Part 3 - Line 4a

FINANCIAL SUPPORT PROVIDED TO ST. MARCUS EVANGELICAL LUTHERAN CHURCH, INC.


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Board, Officers & Key Employees

Name (title)Compensation
Craig Schmutzer
Vice President
$0
Nell Speerschneider
Secretary
$0
Lilli Gust
President
$0
Bradley Richter
Treasurer
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $0
All other contributions, gifts, grants, and similar amounts not included above$248,692
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$248,692
Total Program Service Revenue$0
Investment income $79,107
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $133,706
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $461,505

Grants Awarded

Over the last fiscal year, St Marcus Foundation Inc has awarded $8,871,331 in support to 2 organizations.

Grant RecipientAmount

ST MARCUS LUTHERAN CHURCH

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: NMTC Leverage Loan

$8,677,200

ST MARCUS LUTHERAN CHURCH

Org PageRecipient Profile

Milwaukee, WI

PURPOSE: Operating Grant

$194,131
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 3 grants that St Marcus Foundation Inc has recieved totaling $86,250.

Awarding OrganizationAmount
Agustin A Ramirez Jr Family Foundation

Milwaukee, WI

PURPOSE: GENERAL OPERATING SUPPORT

$50,000
Schwab Charitable Fund

San Francisco, CA

PURPOSE: RELIGION RELATED

$26,250
Vandam-Hug Family Foundation Charitable Tr

New Berlin, WI

PURPOSE: GENERAL SUPPORT OF MISSION

$10,000
View Grant Recipient Profile

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