Marion & Marlene Betten Foundation
- Assets
- $4.4m
- Revenue
- $533.6k
- Investments
- $4.2m
- Employees
- 0
- Location
- Wyoming, MI
- Founding
- 03/1990
- Data as of
- 12/2022
- EIN
- 38-2848189
Organization Overview
Marion & Marlene Betten Foundation is located in Wyoming, MI. The organization was established in 1990. 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. Marion & Marlene Betten 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, Marion & Marlene Betten Foundation generated $533.6k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 2.1% each year. All expenses for the organization totaled $330.1k during the year ending 12/2022. While expenses have increased by 9.0% per year over the past 7 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 2016, Marion & Marlene Betten Foundation has awarded 416 individual grants totaling $1,512,045. 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
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Marlene Betten President | 0.5 | $0 | |
Laura Lamer Secretary | 0.5 | $0 | |
Alice Scholten Treasurer | 0.5 | $0 | |
Rodney Betten Director | 0.5 | $0 | |
Gregory Betten Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $93,125 |
| Interest on Savings | $492 |
| Dividends & Interest | $144,028 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $295,992 |
| Capital Gain Net Income | $295,992 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $533,637 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,857 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $15 |
| Total operating and administrative expenses | $51,989 |
| Contributions, gifts, grants paid | $278,150 |
| Total expenses and disbursements | $330,139 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $204,201 |
| 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 | $4,423,057 |
| 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, Marion & Marlene Betten Foundation has awarded $278,150 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
ADA CHRISTIAN SCHOOLS PURPOSE: CHARITABLE CONTRIBUTION | $6,000 |
AMERICAN CANCER SOCIETY PURPOSE: CHARITABLE CONTRIBUTION | $2,200 |
AMERICAN HEART ASSOCIATION PURPOSE: CHARITABLE CONTRIBUTION | $750 |
ALZHEIMER'S ASSOCIATION PURPOSE: CHARITABLE CONTRIBUTION | $750 |
BACK TO GOD MINISTRIES PURPOSE: CHARITABLE CONTRIBUTION | $4,000 |
BIBLE LEAGUE PURPOSE: CHARITABLE CONTRIBUTION | $1,000 |