Mariemont School Foundation
- Assets
- $470.7k
- Revenue
- $278.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 03/1999
- Data as of
- 06/2022
- EIN
- 31-1471314
Organization Overview
Mariemont School Foundation is located in Cincinnati, OH. The organization was established in 1999. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mariemont School 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 06/2022, Mariemont School Foundation generated $278.0k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.5%) each year. All expenses for the organization totaled $633.7k during the year ending 06/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Mariemont School Foundation has awarded 17 individual grants totaling $1,706,774. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO FUND INITIATIVES THAT HELP THE MARIEMONT SCHOOL DISTRICT PRESERVE, ENHANCE AND SUSTAIN EDUCATIONAL EXCELLENCE IN THEIR COMMUNITY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADMINISTRATION AND OVERSIGHT OF THE ENDOWMENT FUNDING OF ACADEMIC AND EXTRACURRICULAR PROGRAMS FOR THE BENEFIT OF THE MARIEMONT SCHOOL DISTRICT.
OVERSIGHT AND ADMINISTRATION OF THE COLLEGE ENDOWMENT SCHOLARSHIPS AND TUITION ASSISTANCE FOR THE BENEFIT OF MARIEMONT SCHOOL DISTRICT STUDENTS AND GRADUATES.
SUPPORT OF ANCILLARY OPERATING NOT FOR PROFIT ENTITIES OF THE MARIEMONT SCHOOL DISTRICT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Eric Smith Treasurer | Officer | $0 | |
Erika Hinebaugh Secretary | Officer | $0 | |
Stacie Holloway President | Officer | $0 | |
Jeremy Martin VP | Officer | $0 | |
Liz Alter Trustee | Trustee | $0 | |
Faith Bryan Trustee | Trustee | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $127,365 |
| All other contributions, gifts, grants, and similar amounts not included above | $55,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $182,365 |
| Total Program Service Revenue | $0 |
| Investment income | $2,205 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $2,558 |
| Net Income from Fundraising Events | $90,823 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $277,951 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $545,518 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $4,185 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,110 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $4,347 |
| Office expenses | $499 |
| Information technology | $3,655 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $2,715 |
| All other expenses | $0 |
| Total functional expenses | $633,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $330,941 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $6,375 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $6,375 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $126,982 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $470,673 |
| Accounts payable and accrued expenses | $3,398 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $3,398 |
| Net assets without donor restrictions | $467,275 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $470,673 |
Grants Awarded
Over the last fiscal year, Mariemont School Foundation has awarded $545,518 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
MARIEMONT CITY SCHOOLS PURPOSE: ACADEMIC IMPROVEMENT | $514,677 |
MARIEMONT ATHLETIC BOOSTERS | | | $30,841 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Mariemont School Foundation has recieved totaling $68,492.
| Awarding Organization | Amount |
|---|---|
Tas Foundation Cincinnati, OH PURPOSE: TO FURTHER ORGANIZATION'S EXEMPT PURPOSE. | $55,000 |
1n5 Cincinnati, OH PURPOSE: MENTAL HEALTH EDUCATION | $13,492 |
Endowment Analysis
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Richard U Light Foundation Kalamazoo, MI | $629,730 | $25,417,215 |
Business Leadership Organized For Catholic Schools King Of Prussia, PA | $82,544,630 | $55,644,917 |
Central Pennsylvania Scholarship Fund Tyrone, PA | $42,508,819 | $45,167,381 |
Skillman Foundation Detroit, MI | $412,503,854 | $53,699,386 |
Cardinal Services Inc Of Indiana Warsaw, IN | $28,675,162 | $26,373,889 |
Kalamazoo Promise Kalamazoo, MI | $7,251,327 | $23,596,440 |
College Now Greater Cleveland Inc Cleveland, OH | $24,271,314 | $18,465,003 |
Cigna Foundation Philadelphia, PA | $165,016,072 | $8,084,237 |
Children Scholarship Fund Philadelphia Philadelphia, PA | $24,817,690 | $13,351,193 |
Knowledgeworks Foundation Cincinnati, OH | $34,010,195 | $7,717,304 |
Ruth Mott Foundation Flint, MI | $290,091,185 | $30,117,543 |
Foundation For Jewish Day Schools Of Greater Philadelphia Philadelphia, PA | $5,671,351 | $11,978,701 |