Patricia M And Robert H Martinsen Foundation
- Assets
- $281.6k
- Revenue
- $73.4k
- Investments
- $72.3k
- Employees
- 0
- Location
- Ridgefield, CT
- Founding
- 09/2011
- Data as of
- 12/2021
- EIN
- 27-6961238
Organization Overview
Patricia M And Robert H Martinsen Foundation is located in Ridgefield, CT. The organization was established in 2011. 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. Patricia M And Robert H Martinsen 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, Patricia M And Robert H Martinsen Foundation generated $73.4k 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 (24.3%) each year. All expenses for the organization totaled $59.6k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (31.4%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Patricia M And Robert H Martinsen Foundation has awarded 34 individual grants totaling $272,310. 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
N/A
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert H Martinsen Trustee - As Required | 0 | $0 | |
Patricia M Martinsen Trustee - As Required | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $64,376 |
| Interest on Savings | $29 |
| Dividends & Interest | $2,456 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,489 |
| Capital Gain Net Income | $6,489 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $73,350 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,586 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,086 |
| Contributions, gifts, grants paid | $52,550 |
| Total expenses and disbursements | $59,636 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $209,295 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $281,567 |
| 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, Patricia M And Robert H Martinsen Foundation has awarded $52,550 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BETHESDA HOSPITAL FOUNDATION PURPOSE: MEDICAL PURPOSES | $50,000 |
Lexington, KY PURPOSE: SOCIAL PURPOSES | $1,000 |
RVNA PURPOSE: MEDICAL PURPOSES | $500 |
ALZHEIMER'S DISEASE RESEARCH PURPOSE: MEDICAL PURPOSES | $200 |
Washington, DC PURPOSE: SOCIAL PURPOSES | $100 |
LOUNSBURY HOUSE PURPOSE: SOCIAL PURPOSES | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard K Lubin Family Foundation Boston, MA | $152,996,918 | $13,537,947 |
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
Motulsky-Nacht Family Foundation New York, NY | $171,149,787 | $10,722,392 |
Griffith R Harsh Iv And Margaret Cwhitman Charitable Foundation Albany, NY | $153,022,620 | $10,234,389 |