Mariel Foundation
- Assets
- $9.4m
- Revenue
- $210.7k
- Investments
- $8.8m
- Employees
- 0
- Location
- Traverse City, MI
- Founding
- 03/1997
- Data as of
- 09/2022
- EIN
- 38-3334050
Organization Overview
Mariel Foundation is located in Traverse City, MI. The organization was established in 1997. According to its NTEE Classification (Z99) the organization is classified as: Unknown, under the broad grouping of Unknown and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Mariel 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 09/2022, Mariel Foundation generated $210.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (26.5%) each year. All expenses for the organization totaled $742.2k during the year ending 09/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Mariel Foundation has awarded 59 individual grants totaling $1,200,692. 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 |
|---|---|---|---|
Chelsea C Hoagland Director | 1 | $0 | |
Nancy L Hoagland President | 1 | $0 | |
James H Hoagland Vice President | 1 | $0 | |
Anne H Magoun Secretary | 4 | $0 | |
John T Hoagland Director | 1 | $0 | |
Andrew H Magoun Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $48,323 |
| Dividends & Interest | $160,682 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,677 |
| Capital Gain Net Income | $1,677 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $210,682 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $45,665 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,834 |
| Total operating and administrative expenses | $142,150 |
| Contributions, gifts, grants paid | $600,000 |
| Total expenses and disbursements | $742,150 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $525,036 |
| 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 | $230,787 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,208 |
| Total assets | $9,355,023 |
| 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, Mariel Foundation has awarded $600,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
GROUNDWORK CTR FOR RESILIENT COMM PURPOSE: CHARITABLE | $65,000 |
Interlochen, MI PURPOSE: CHARITABLE | $55,000 |
WATER 1ST PURPOSE: CHARITABLE | $52,000 |
LANSING ART GALLERY PURPOSE: CHARITABLE | $51,010 |
ENVIRONMENTAL DEFENSE FUND PURPOSE: CHARITABLE | $50,000 |
Florence, AL PURPOSE: CHARITABLE | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bronson South Haven Hospital Kalamazoo, MI | $45,465,190 | $38,417,378 |
Dave Thomas Foundation For Adoption Dublin, OH | $82,316,858 | $45,774,004 |
Wellpoint Care Network Inc Milwaukee, WI | $8,696,347 | $28,630,570 |
Applewood Centers Inc Shaker Heights, OH | $31,325,035 | $19,367,243 |
Truth For Life Solon, OH | $28,565,821 | $20,814,256 |
D A Blodgett-St Johns Grand Rapids, MI | $32,947,785 | $18,508,103 |
Michigan Nonprofit Association Lansing, MI | $6,155,794 | $10,465,564 |
Mareda Inc Toledo, OH | $0 | $769,242 |
Ohio Laborers Training And Apprenticeship Fund Westerville, OH | $24,371,350 | $8,394,060 |
Marshall-Starke Development Center Inc Plymouth, IN | $2,688,412 | $6,830,962 |
North Oakland Residential Services Inc Oxford, MI | $2,525,841 | $6,535,346 |
Greater Cleveland Sports Commission Cleveland, OH | $9,405,346 | $6,945,850 |