Martvest Foundation
- Assets
- $266.4k
- Revenue
- $19.7k
- Investments
- $247.6k
- Employees
- 0
- Location
- Indio, CA
- Founding
- 06/1994
- Data as of
- 12/2022
- EIN
- 33-0617551
Organization Overview
Martvest Foundation is located in Indio, CA. The organization was established in 1994. 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. Martvest 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 12/2022, Martvest Foundation generated $19.7k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 32.7% each year . All expenses for the organization totaled $9.1k during the year ending 12/2022. While expenses have increased by 4.6% per year over the past 5 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carolyn E Martin President | 0 | $0 | |
Barbara E Blum Director | 0 | $0 | |
Roger M Finberg Director | 0 | $0 | |
Jerrold H Rose Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,464 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $15,215 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $19,679 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $125 |
| Total operating and administrative expenses | $1,075 |
| Contributions, gifts, grants paid | $8,000 |
| Total expenses and disbursements | $9,075 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,755 |
| 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 | $13,485 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $266,379 |
| 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 | $21,610 |
| Total liabilities | $21,610 |
Grants Awarded
Over the last fiscal year, Martvest Foundation has awarded $8,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS ASSOCIATION PURPOSE: ASSIST IN DONEE'S CHARITABLE PURPOSE | $1,000 |
JOSLYN SENIOR CENTER PURPOSE: SENIOR PROGRAM ASSISTANCE | $500 |
THE LIVING DESERT PURPOSE: ASSIST IN DONEE'S CHARITABLE PURPOSE | $1,000 |
CHILDERENS VARIETY CHARITY OF THE D PURPOSE: ASSIST IN DONEE'S CHARITABLE PURPOSE | $500 |
ANIMAL SAMARITANS PURPOSE: ASSIST IN DONEE'S CHARITABLE PURPOSE | $500 |
BOYS TOWN PURPOSE: GENERAL CHARITABLE PURPSES | $500 |