Marnick Foundation
- Assets
- $3.8m
- Revenue
- $374.3k
- Investments
- $3.6m
- Employees
- 0
- Location
- Cincinnati, OH
- Founding
- 04/1997
- Data as of
- 12/2021
- EIN
- 31-1493613
Organization Overview
Marnick Foundation is located in Cincinnati, OH. The organization was established in 1997. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marnick 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, Marnick Foundation generated $374.3k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.5% each year. All expenses for the organization totaled $421.3k during the year ending 12/2021. While expenses have increased by 5.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Marnick Foundation has awarded 197 individual grants totaling $4,681,306. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Nicholas Ragland IV Trustee | 1 | $0 | |
Martha H Ragland Trustee | 1 | $0 | |
John J Ragland Trustee | 1 | $0 | |
Peter D Ragland Trustee | 1 | $0 | |
Joseph A Ragland Trustee | 1 | $0 | |
Eric W Ragland Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $163,499 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $209,854 |
| Capital Gain Net Income | $209,854 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $932 |
| Total Revenue | $374,285 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,495 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $7,818 |
| Contributions, gifts, grants paid | $413,500 |
| Total expenses and disbursements | $421,318 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $172,536 |
| 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 | $3,756,505 |
| 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, Marnick Foundation has awarded $413,500 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
CINCINNATI ART MUSEUM PURPOSE: FOR GENERAL OPERATING FUND | $117,000 |
CISE FUND PURPOSE: FOR GENERAL OPERATING FUND | $80,000 |
Boston, MA PURPOSE: FOR GENERAL OPERATING FUND | $50,000 |
GREEN UMBRELLA PURPOSE: FOR GENERAL OPERATING FUND | $50,000 |
SISTERS OF NOTRE DAME DE NAMUR PURPOSE: FOR GENERAL OPERATING FUND | $20,000 |
CHILDREN'S HOSPITAL PURPOSE: FOR GENERAL OPERATING FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bronson South Haven Hospital Kalamazoo, MI | $45,465,190 | $38,417,378 |
Dave Thomas Foundation For Adoption Dublin, OH | $82,316,858 | $45,774,004 |
Childrens Center For Treatment And Education Bradford, PA | $5,348,327 | $25,705,354 |
Peter Becker Community Harleysville, PA | $93,663,279 | $25,907,614 |
Evangelical Services For The Aging Warminster, PA | $27,952,324 | $19,280,063 |
Applewood Centers Inc Shaker Heights, OH | $31,325,035 | $19,367,243 |
Yum Brands Foundation Inc Louisville, KY | $62,047,633 | $1,353,894 |
Bell Socialization Services Inc York, PA | $8,348,943 | $17,857,924 |
Truth For Life Solon, OH | $28,565,821 | $20,814,256 |
D A Blodgett-St Johns Grand Rapids, MI | $32,947,785 | $18,508,103 |
Valley Health Care Inc Mill Creek, WV | $12,122,859 | $14,871,772 |
Michigan Nonprofit Association Lansing, MI | $6,155,794 | $10,465,564 |