Martin Foundation Inc
- Assets
- $0.0
- Revenue
- $4.2m
- Investments
- $34.2m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 12/1960
- Data as of
- 06/2022
- EIN
- 35-1070929
Organization Overview
Martin Foundation Inc is located in Naples, FL. The organization was established in 1960. 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. Martin Foundation Inc 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, Martin Foundation Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 23.3% each year . All expenses for the organization totaled $3.2m during the year ending 06/2022. While expenses have increased by 8.4% 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.
Since 2019, Martin Foundation Inc has awarded 213 individual grants totaling $9,870,500. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Geraldine F Martin President | 5 | $10,000 | |
Casper Martin Secretary | 2 | $10,000 | |
Jennifer Lmartin Treasurer | 2 | $10,000 | |
Elizabeth Lmartin Vice President | 2 | $10,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $260,019 |
| Dividends & Interest | $407,455 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,162,176 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $14,630 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $238 |
| Total operating and administrative expenses | $463,258 |
| Contributions, gifts, grants paid | $2,700,000 |
| Total expenses and disbursements | $3,163,258 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $555,053 |
| Investments—mortgage loans | $0 |
| Investments—other | $3,620,756 |
| Other assets | $49,176 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Martin Foundation Inc has awarded $4,210,000 in support to 68 organizations.
| Grant Recipient | Amount |
|---|---|
ARTIS NAPLES PURPOSE: FIRST CHAIR FLUTE | $20,000 |
AMERICAN RED CROSS PURPOSE: TORNADO RELIEF | $10,000 |
ARTIS-NAPLES PURPOSE: MYRA DANIELS LEGACY FUND | $25,000 |
ASSOCIATION TO BENEFIT CHILDREN PURPOSE: GREATEST NEED | $15,000 |
BEAR YUBA LAND TRUST PURPOSE: GREATEST NEED | $25,000 |
CANCER ALLIANCE OF NAPLES PURPOSE: KIDSCAN COLLEGE SCHOLARSHIP, FOOD FOR LIFE, GENERAL OPERATIONS | $18,000 |