Marten Charitable Foundation Corporation
- Assets
- $5.2m
- Revenue
- $1.1m
- Investments
- $4.5m
- Employees
- 0
- Location
- Indianapolis, IN
- Founding
- 05/2011
- Data as of
- 12/2023
- EIN
- 45-1198742
Organization Overview
Marten Charitable Foundation Corporation is located in Indianapolis, IN. The organization was established in 2011. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Marten Charitable Foundation Corporation 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 12/2023, Marten Charitable Foundation Corporation generated $1.1m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (11.1%) each year. All expenses for the organization totaled $63.2k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (14.4%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Marten Charitable Foundation Corporation has awarded 99 individual grants totaling $3,836,367. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Virginia Marten President | 0 | $0 | |
Virginia Hupfer Vice President | 0 | $0 | |
James W Marten Treasurer | 0 | $0 | |
David K Marten Secretary | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $90,664 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $993,284 |
| Capital Gain Net Income | $993,284 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,083,948 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,750 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,735 |
| Printing and publications | $0 |
| Other expenses | $15,500 |
| Total operating and administrative expenses | $48,248 |
| Contributions, gifts, grants paid | $15,000 |
| Total expenses and disbursements | $63,248 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $730,574 |
| Savings and temporary cash investments | $0 |
| 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 | $2,382,858 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $5,234,279 |
| 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, Marten Charitable Foundation Corporation has awarded $795,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
BISHOP SIMON BRUTE SEMINARY PURPOSE: GENERAL ASSISTANCE | $44,000 |
UNIVERSITY OF NOTRE DAME PURPOSE: GENERAL ASSISTANCE | $750,000 |
SNITE MUSEUM OF ART PURPOSE: GENERAL ASSISTANCE | $1,500 |