Marwen Foundation
- Assets
- $21.6m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 25
- Location
- Chicago, IL
- Founding
- 07/1996
- Data as of
- 12/2021
- EIN
- 36-3523622
Organization Overview
Marwen Foundation is located in Chicago, IL. The organization was established in 1996. According to its NTEE Classification (A25) the organization is classified as: Arts Education, under the broad grouping of Arts, Culture & Humanities and related organizations. As of 12/2021, Marwen Foundation employed 25 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marwen 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, Marwen Foundation generated $2.3m 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 (6.8%) each year. All expenses for the organization totaled $2.4m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.4%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MARWEN EDUCATES AND INSPIRES YOUNG PEOPLE FROM UNDER-RESOURCED COMMUNITIES AND SCHOOLS THROUGH FREE VISUAL ARTS PROGRAMS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ART STUDIO AND LAB -THROUGH COURSES AND WORKSHOPS, STUDENTS ARE EMPOWERED TO DEVELOP ARTISTIC SKILLS, EXPERIMENT WITH VARIOUS MEDIA, AND DISCOVER NEW INTERESTS AND IDEAS.
COLLEGE, CAREER, AND ALUMNI PROGRAMS - STUDENTS AND FAMILIES ARE SUPPORTED THROUGH COUNSELING, WORKSHOPS, AND EVENTS AS THEY TRANSITION TO COLLEGE AND THE WORKFORCE.
TEACHING AND LEARNING - TEACHING ARTISTS HAVE THE OPPORTUNITY TO REFINE THEIR TEACHING PRACTICE THROUGH ASSESSMENT OF STUDENT LEARNING, FEEDBACK FROM SURVEYS, AND REFLECTION ON THEIR PRACTICE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Akilah A Halley Executive Director | Officer | 40 | $161,536 |
Molly Morse Limmer Secretary | OfficerTrustee | 0.5 | $0 |
Isa Pressman Chairman | OfficerTrustee | 0.5 | $0 |
Marcy Carlin Trustee | OfficerTrustee | 0.5 | $0 |
Kimeco Roberson Director Of Program And Partn | OfficerTrustee | 0.5 | $0 |
Nils Larsen Treasurer | OfficerTrustee | 0.5 | $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 | $1,319,715 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,319,715 |
| Total Program Service Revenue | $0 |
| Investment income | $906,108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,262,448 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,224,952 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $240,579 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $15,001 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $31,717 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $14,762 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $62,368 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $246,781 |
| Insurance | $20,462 |
| All other expenses | $60,317 |
| Total functional expenses | $2,429,749 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $789,677 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $168,359 |
| Accounts receivable, net | $152,206 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $134,065 |
| Net Land, buildings, and equipment | $7,992,612 |
| Investments—publicly traded securities | $12,304,384 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $98,923 |
| Total assets | $21,640,226 |
| Accounts payable and accrued expenses | $187,469 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $3,810,000 |
| 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 | $27,718 |
| Total liabilities | $4,025,187 |
| Net assets without donor restrictions | $17,262,238 |
| Net assets with donor restrictions | $352,801 |
| 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 | $21,640,226 |
Grants Recieved
Over the last fiscal year, we have identified 16 grants that Marwen Foundation has recieved totaling $671,150.
| Awarding Organization | Amount |
|---|---|
Donors Trust Inc Alexandria, VA PURPOSE: for general operations | $250,000 |
Arie And Ida Crown Memorial Chicago, IL PURPOSE: GENERAL OPERATING | $125,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN SUPPORT OF GENERAL OPERATIONS. | $60,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN RENEWED SUPPORT OF GENERAL OPERATIONS. | $60,000 |
John D & Catherine T Macarthur Foundation Chicago, IL PURPOSE: IN RENEWED SUPPORT OF GENERAL OPERATIONS. | $60,000 |
Abbie Norman Prince Tr Ud 022649 2nd Clause Of Will Dt 122947 Nect Chicago, IL PURPOSE: GENERAL OPERATING SUPPORT $20,000 AND AND ADDITIONAL ONE TIME $10,000 | $30,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Music Institute Of Chicago Evanston, IL | $11,276,124 | $7,011,364 |
Chicago Academy For The Arts Chicago, IL | $3,169,468 | $6,255,209 |
Frazier Academy Design Team Inc Chicago, IL | $0 | $3,133,368 |
Indianapolis Art Center Inc Indianapolis, IN | $17,635,206 | $3,948,601 |
Ingenuity Incorporated Chicago Chicago, IL | $7,892,105 | $6,208,550 |
Marwen Foundation Chicago, IL | $21,640,226 | $2,262,448 |
Urban Gateways Chicago, IL | $1,900,361 | $2,567,092 |
Indiana State School Music Association Inc Indianapolis, IN | $1,923,240 | $2,914,497 |
Wisconsin Foundaton For Educational Administration Inc Madison, WI | $1,928,269 | $1,830,497 |
Evanston Art Center And Market Evanston, IL | $5,253,080 | $1,872,951 |
Arts Of Life Chicago, IL | $862,987 | $1,651,270 |
Appalachian Artisan Center Of Kentucky Inc Hindman, KY | $4,477,331 | $761,854 |