Joseph L & Sarah S Marcum Foundation
- Assets
- $0.0
- Revenue
- $6.4m
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 07/1987
- Data as of
- 12/2021
- EIN
- 31-1190243
Organization Overview
Joseph L & Sarah S Marcum Foundation is located in Chicago, IL. The organization was established in 1987. 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. Joseph L & Sarah S Marcum 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, Joseph L & Sarah S Marcum Foundation generated $6.4m in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 0.3% each year. All expenses for the organization totaled $18.1m during the year ending 12/2021. 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 |
|---|---|---|---|
Joseph L Marcum Chairman | 1 | $0 | |
Catherine M Lowe Trustee | 1 | $20,000 | |
M Christina Manchester Trustee | 1 | $20,000 | |
Sarah M Shuffield Trustee | 1 | $20,000 | |
Stephen S Marcum Trustee | 1 | $20,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $26,394 |
| Interest on Savings | $0 |
| Dividends & Interest | $20,782 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,372,261 |
| Capital Gain Net Income | $6,372,261 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $6,419,437 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $80,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $105,507 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $81 |
| Total operating and administrative expenses | $209,672 |
| Contributions, gifts, grants paid | $17,900,000 |
| Total expenses and disbursements | $18,109,672 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, Joseph L & Sarah S Marcum Foundation has awarded $17,900,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
HAMILTON COMMUNITY FOUNDATION PURPOSE: SARAH M. SHUFFIELD FUND | $9,075,000 |
DAYTON FOUNDATION PURPOSE: GENERAL | $5,700,000 |
VANGUARD CHARITABLE ENDOWMENT PROGRAM PURPOSE: GENERAL | $3,125,000 |