Marriott Daughters Foundation
- Assets
- $77.3m
- Revenue
- $3.3m
- Investments
- $75.9m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 09/2011
- Data as of
- 08/2023
- EIN
- 45-2590105
Organization Overview
Marriott Daughters Foundation is located in Bethesda, MD. 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. Marriott Daughters 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 08/2023, Marriott Daughters Foundation generated $3.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (18.8%) each year. All expenses for the organization totaled $6.2m during the year ending 08/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Julie Ann Marriott Director | 0.1 | $0 | |
Sandra Marriott Bertha President & Director | 0.1 | $0 | |
Karen Christine Marriott Director | 0.1 | $0 | |
Mary Alice Marriott Hatch Director | 0.1 | $0 | |
James A Poulos Treasurer | 0.1 | $0 | |
Nancie Lynch CEO & Secretary | 14 | $139,880 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $137,583 |
| Dividends & Interest | $1,938,956 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,264,114 |
| Capital Gain Net Income | $1,264,114 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,340,653 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $139,880 |
| Other employee salaries and wages | $206,672 |
| Pension plans, employee benefits | $90,003 |
| Interest | $0 |
| Taxes | $30,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,350 |
| Printing and publications | $0 |
| Other expenses | $31,403 |
| Total operating and administrative expenses | $605,587 |
| Contributions, gifts, grants paid | $5,559,414 |
| Total expenses and disbursements | $6,165,001 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,304,257 |
| 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 | $107,200 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $46,205,773 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $77,322,204 |
| 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 |