David M Wark & Mary Ann Barrows Wark Foundation
- Assets
- $4.8m
- Revenue
- $714.1k
- Investments
- $4.8m
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 09/2000
- Data as of
- 12/2022
- EIN
- 36-4383745
Organization Overview
David M Wark & Mary Ann Barrows Wark Foundation is located in Chicago, IL. The organization was established in 2000. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. David M Wark & Mary Ann Barrows Wark 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, David M Wark & Mary Ann Barrows Wark Foundation generated $714.1k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 10.3% each year . All expenses for the organization totaled $616.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, David M Wark & Mary Ann Barrows Wark Foundation has awarded 30 individual grants totaling $1,162,000. 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 |
|---|---|---|---|
Mary Ann Barrows Wark President/director | 1 | $0 | |
David M Wark Director/vp/secretary | 1 | $0 | |
Barry J Wark Director | 1 | $0 | |
Michael C Mcquinn Vice President | 1 | $0 | |
Lauren K Macdonald Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $410,749 |
| Interest on Savings | $1,441 |
| Dividends & Interest | $76,374 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $113,065 |
| Capital Gain Net Income | $118,288 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $112,425 |
| Total Revenue | $714,054 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $15,527 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $21,415 |
| Total operating and administrative expenses | $84,027 |
| Contributions, gifts, grants paid | $532,000 |
| Total expenses and disbursements | $616,027 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $46,922 |
| 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 | $910,252 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,807,896 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $680,000 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $9,217 |
| Total liabilities | $689,217 |
Grants Awarded
Over the last fiscal year, David M Wark & Mary Ann Barrows Wark Foundation has awarded $392,000 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
HARVARD - RADCLIFFE INSTITUTE FOR ADVANCED STUDY PURPOSE: GENERAL OPERATING SUPPORT/ANNUAL GIFT | $10,000 |
JEWISH FEDERATION OF GREATER ST PAUL FORMERLY UJFC PURPOSE: GENERAL OPERATING SUPPORT/ANNUAL GIFT | $85,000 |
MOUNT ZION TEMPLE (FKA MOUNT ZION HEBREW CONGREGATION) PURPOSE: GENERAL OPERATING SUPPORT/ANNUAL GIFT | $100,000 |
MINNESOTA MULTIFAITH NETWORK PURPOSE: GENERAL OPERATING SUPPORT/ANNUAL GIFT | $5,000 |
ST PAUL ACADEMY AND SUMMIT SCHOOL PURPOSE: GENERAL OPERATING SUPPORT/ANNUAL GIFT | $20,000 |
MOUNT ZION TEMPLE (FKA MOUNT ZION HEBREW CONGREGATION) PURPOSE: GENERAL OPERATING SUPPORT/ANNUAL GIFT | $32,000 |