Marconi Foundation For Kids
- Assets
- $11.3m
- Revenue
- $511.3k
- Investments
- $0.0
- Employees
- 11
- Location
- Tustin, CA
- Founding
- 10/1995
- Data as of
- 12/2022
- EIN
- 33-0650060
Organization Overview
Marconi Foundation For Kids is located in Tustin, CA. The organization was established in 1995. According to its NTEE Classification (P12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Human Services and related organizations. As of 12/2022, Marconi Foundation For Kids employed 11 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marconi Foundation For Kids 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, Marconi Foundation For Kids generated $511.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.7%) each year. All expenses for the organization totaled $548.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.8%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Marconi Foundation For Kids has awarded 31 individual grants totaling $1,513,143. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
OPERATION OF A MUSEUM FOR PUBLIC DISPLAY OF HISTORICAL CARS AND RELATED MEMORABILIA AND ART & SERVING UNDERPRIVILEGED CHILDREN.
Describe the Organization's Program Activity:
CLASSIC CAR MUSEUM. THE MARCONI AUTOMOTIVE MUSEUM IS OPEN TO THE PUBLIC FOR SELF GUIDED TOURS. OPERATING HOURS ARE MONDAY THROUGH FRIDAY FROM 9 A.M. TO 4:30 P.M. ADMISSION S FREE WITH A SUGGESTED DONATION OF $5. THE MUSEUM HOSTS EVENTS FOR OTHER EXEMPT ORGANIZATIONS AND OTHER GROUPS INTERESTED IN AUTOMOTIVE HISTORY.
GRANTS TO ORGANIZATIONS WHOSE PROGRAMS SERVE UNDERPRIVILEGED CHILDREN.SEE SCHEDULE I FOR GRANT DETAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Monique Marconi President & CEO | OfficerTrustee | 40 | $74,992 |
John Marconi Chairman | OfficerTrustee | 1 | $0 |
Vincent Marconi Director | Trustee | 1 | $0 |
Lance Coren Treasurer | OfficerTrustee | 1 | $0 |
Barry Meguiar Director | Trustee | 1 | $0 |
Lenny Stitz Secretary | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $207,375 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $207,375 |
| Total Program Service Revenue | $41,886 |
| Investment income | $2,837 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $133,500 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $125,739 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $511,337 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $11,100 |
| Grants and other assistance to domestic individuals. | $40,706 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $74,992 |
| Compensation of current officers, directors, key employees. | $8,062 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $148,626 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $11,707 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,664 |
| Fees for services: Accounting | $12,355 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,626 |
| Advertising and promotion | $27,821 |
| Office expenses | $4,536 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $44,138 |
| 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 | $108,749 |
| Insurance | $37,092 |
| All other expenses | $4,895 |
| Total functional expenses | $548,227 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $92,323 |
| Savings and temporary cash investments | $1,541,311 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $33,372 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $2,862,855 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $6,780,215 |
| Total assets | $11,310,076 |
| Accounts payable and accrued expenses | $0 |
| 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 | $99,527 |
| Total liabilities | $99,527 |
| Net assets without donor restrictions | $11,210,549 |
| 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 | $11,310,076 |
Grants Awarded
Over the last fiscal year, Marconi Foundation For Kids has awarded $149,034 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
AC GREEN YOUTH FOUNDATION PURPOSE: Support Org's charitable Activities | $17,500 |
COVENANT HOUSE OF CALIFORNIA PURPOSE: Support Org's charitable Activities | $125,000 |
ONE OC-WASTE NOT PURPOSE: Support Org's charitable Activities | $6,534 |