Rex And Alice A Martin Foundation Inc
- Assets
- $7.2m
- Revenue
- $737.2k
- Investments
- $6.1m
- Employees
- 0
- Location
- Elkhart, IN
- Founding
- 09/2000
- Data as of
- 06/2024
- EIN
- 35-2117025
Organization Overview
Rex And Alice A Martin Foundation Inc is located in Elkhart, IN. The organization was established in 2000. 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. Rex And Alice A 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 06/2024, Rex And Alice A Martin Foundation Inc generated $737.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (9.0%) each year. All expenses for the organization totaled $1.1m during the year ending 06/2024. As we would expect to see with falling revenues, expenses have declined by (4.7%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Rex And Alice A Martin Foundation Inc has awarded 125 individual grants totaling $17,928,169. 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 |
|---|---|---|---|
Alexis Martin-Klose President & Director | 10 | $100,000 | |
Ashley Martin Secretary, Treasurer & Director | 5 | $100,000 | |
Rex Martin Director | 5 | $100,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $18 |
| Interest on Savings | $126,337 |
| Dividends & Interest | $116,903 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $493,959 |
| Capital Gain Net Income | $493,959 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $737,217 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $300,000 |
| 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 | $73 |
| Total operating and administrative expenses | $351,147 |
| Contributions, gifts, grants paid | $745,500 |
| Total expenses and disbursements | $1,096,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $45,281 |
| Savings and temporary cash investments | $1,048,644 |
| 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 | $7,194,602 |
| 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, Rex And Alice A Martin Foundation Inc has awarded $745,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ELKHART AMP GROUP PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $390,000 |
COMMUNITY FOUNDATION OF ELKHART COUNTY INC PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $45,000 |
ELKHART CHAPTER INDIANA BLACK EXPO PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $2,500 |
HUMANE SOCIETY OF ELKHART COUNTY PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $15,000 |
LOGAN COMMUNITY RESOURCES INC PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $15,000 |
MICHIANA PUBLIC BROADCASTING CORPORATION WNIT PURPOSE: EXEMPT PURPOSE OF ORGANIZATION | $125,000 |