Martin Family Foundation
- Assets
- $9.2m
- Revenue
- $1.9m
- Investments
- $8.9m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 05/1997
- Data as of
- 12/2022
- EIN
- 38-3340278
Organization Overview
Martin Family Foundation is located in Ann Arbor, MI. The organization was established in 1997. 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. Martin Family 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, Martin Family Foundation generated $1.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 1.5% each year. All expenses for the organization totaled $920.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Martin Family Foundation has awarded 252 individual grants totaling $2,087,500. 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 |
|---|---|---|---|
Sally A Martin President | 1 | $0 | |
William C Martin V.p./sec./treasurer | 1 | $0 | |
Michael C Martin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $850,000 |
| Interest on Savings | $1,894 |
| Dividends & Interest | $280,577 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $687,804 |
| Capital Gain Net Income | $687,804 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $30,088 |
| Total Revenue | $1,850,363 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $17,181 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $53,179 |
| Total operating and administrative expenses | $85,603 |
| Contributions, gifts, grants paid | $834,500 |
| Total expenses and disbursements | $920,103 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $59,704 |
| Savings and temporary cash investments | $258,107 |
| 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 | $3,052,262 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $9,230,669 |
| 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 | $233,836 |
| Total liabilities | $233,836 |
Grants Awarded
Over the last fiscal year, Martin Family Foundation has awarded $834,500 in support to 96 organizations.
| Grant Recipient | Amount |
|---|---|
826 MICHIGAN PURPOSE: EDUCATIONAL | $2,000 |
I HAVE A DREAM FOUNDATION OF BOULDER COUNTY PURPOSE: HUMANITARIAN | $1,000 |
ALPHA HOUSE PURPOSE: HUMANITARIAN | $2,000 |
AMERICAN HEART ASSOCIATION PURPOSE: HUMANITARIAN | $25,000 |
ANN ARBOR HANDS ON MUSEUM PURPOSE: EDUCATIONAL | $2,000 |
AMERICAN RED CROSS PURPOSE: HUMANITARIAN | $5,000 |