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 organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 23.0% each year . All expenses for the organization totaled $760.8k during the year ending 12/2021. While expenses have increased by 7.6% per year over the past 3 years. They've been increasing with an increasing level of total revenue. 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.
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 | |
Megan M Marino Trustee | 1 | $0 | |
Paula Marino Trustee, Vp, Secretary | 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 |
|---|---|
13 WNET PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S EXEMPT PURPOSE | $350 |
40 DAYS FOR LIFE PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S EXEMPT PURPOSE | $6,500 |
A U L PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S EXEMPT PURPOSE | $1,000 |
A HOUSE ON BEEKMAN PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S EXEMPT PURPOSE | $500 |
AFRICA SURGERY PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S EXEMPT PURPOSE | $25,000 |
AMERICA NEEDS FATIMA PURPOSE: UNRESTRICTED SUPPORT OF ORGANIZATION'S EXEMPT PURPOSE | $450 |