Oliver Dewey Marcks Foundation
- Assets
- $9.0m
- Revenue
- $4.8k
- Investments
- $4.5m
- Employees
- 0
- Location
- Grosse Pointe Farms, MI
- Founding
- 12/1962
- Data as of
- 12/2022
- EIN
- 38-6081311
Organization Overview
Oliver Dewey Marcks Foundation is located in Grosse Pointe Farms, MI. The organization was established in 1962. 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. Oliver Dewey Marcks 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, Oliver Dewey Marcks Foundation generated $4.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (27.5%) each year. All expenses for the organization totaled $759.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Oliver Dewey Marcks Foundation has awarded 386 individual grants totaling $4,742,100. 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 |
|---|---|---|---|
John M Chase Jr President/trustee | 2 | $5,500 | |
John M Chase III Secretary/trustee | 2 | $5,500 | |
Michael J Predhomme Treasurer/trustee | 2 | $5,500 | |
William J Predhomme II Vice-President/trustee | 2 | $5,500 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $72,000 |
| Dividends & Interest | $79,669 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$146,856 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,813 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $22,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,567 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $40,044 |
| Total operating and administrative expenses | $182,420 |
| Contributions, gifts, grants paid | $577,500 |
| Total expenses and disbursements | $759,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,966 |
| Savings and temporary cash investments | $1,222,178 |
| 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 | $3,275,318 |
| Total assets | $9,011,302 |
| 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, Oliver Dewey Marcks Foundation has awarded $577,500 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
BARBARA ANN KARMANOS CANCER INSTITUTE PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
BEAUMONT CHAPEL FUND PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
CAPUCHIN SOUP KITCHEN PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
COLLEGE FOR CREATIVE STUDIES PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
DAC FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |
DETROIT CRISTO REY HIGH SCHOOL PURPOSE: GENERAL OPERATING SUPPORT | $15,000 |