Paula And William J Marino Family Foundation
- Assets
- $2.2m
- Revenue
- $404.3k
- Investments
- $2.1m
- Employees
- 0
- Location
- Detroit, MI
- Founding
- 02/2012
- Data as of
- 12/2021
- EIN
- 45-3967497
Organization Overview
Paula And William J Marino Family Foundation is located in Detroit, MI. The organization was established in 2012. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Paula And William J Marino 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 12/2021, Paula And William J Marino Family Foundation generated $404.3k 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 (13.3%) each year. All expenses for the organization totaled $760.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Paula And William J Marino Family Foundation has awarded 382 individual grants totaling $1,880,694. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William J Marino Trustee, President, Treasurer | 1 | $0 | |
Douglas W Marino Trustee | 1 | $0 | |
Gregory S Marino Trustee | 1 | $0 | |
Lauren M Marino Trustee | 1 | $0 | |
Paula Marino Trustee, Vp, Secretary | 1 | $0 | |
Megan M Marino Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $72,065 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $332,190 |
| Capital Gain Net Income | $332,190 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $404,255 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,671 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $39,441 |
| Contributions, gifts, grants paid | $721,325 |
| Total expenses and disbursements | $760,766 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $91,610 |
| 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 | $109,846 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,176,127 |
| 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 | $10,083 |
| Total liabilities | $10,083 |
Grants Awarded
Over the last fiscal year, Paula And William J Marino Family Foundation has awarded $721,325 in support to 152 organizations.
| Grant Recipient | Amount |
|---|---|
ST PETERS UNIVERSITY PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S EXEMPT PURPOSE | $142,640 |
NJ PAC PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S EXEMPT PURPOSE | $65,750 |
Moss Point, MS PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S EXEMPT PURPOSE | $37,650 |
Newark, NJ PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S EXEMPT PURPOSE | $37,200 |
DELBARTON SCHOOL PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S EXEMPT PURPOSE | $29,000 |
DOCTORS WITHOUT BORDERS PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S EXEMPT PURPOSE | $27,500 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lynde And Harry Bradley Foundation Inc Milwaukee, WI | $1,061,478,184 | $82,867,746 |
Herbert H & Grace A Dow Foundation Midland, MI | $575,608,768 | $36,767,282 |
Dte Energy Foundation Detroit, MI | $165,950,300 | $32,183,321 |
Progressive Insurance Foundation Cleveland, OH | $7,804,354 | $47,823,383 |
Highlands Foundation Inc Madison, WI | $16,807,622 | $1,089,528 |
Rockwell Automation Charitable Corporation Milwaukee, WI | $6,137,007 | $10,007,891 |
Third Federal Foundation Cleveland, OH | $35,709,526 | $3,618,702 |
Gii Charities Grand Rapids, MI | $4,065,002 | $6,112,431 |
Westfield Insurance Foundation Westfield Center, OH | $42,931,784 | $4,362,594 |
Morgan Family Foundation Yellow Springs, OH | $51,827,477 | $1,582,241 |
Harry M And Violet Turner Charitable Trust Springfield, OH | $29,217,065 | $2,348,308 |
Penske Foundation Inc Bloomfield Hills, MI | $17,008,099 | $10,243,924 |