C F Martell Memorial Foundation
- Assets
- $851.4k
- Revenue
- $18.5k
- Investments
- $834.0k
- Employees
- 0
- Location
- Williston, ND
- Founding
- 01/1964
- Data as of
- 07/2023
- EIN
- 45-6010183
Organization Overview
C F Martell Memorial Foundation is located in Williston, ND. The organization was established in 1964. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. C F Martell Memorial 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 07/2023, C F Martell Memorial Foundation generated $18.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (9.9%) each year. All expenses for the organization totaled $57.6k during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, C F Martell Memorial Foundation has awarded 13 individual grants totaling $215,172. 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 |
|---|---|---|---|
Name Not Listed Trustee | 3 | $9,023 | |
FR Russell Kovash Chairman | 0 | $0 | |
Robin Schmidt Director | 0 | $0 | |
Steve Holen Director | 0 | $0 | |
Erica Johnsrud Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $825 |
| Interest on Savings | $0 |
| Dividends & Interest | $32,750 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$19,225 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,177 |
| Total Revenue | $18,527 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $9,023 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,189 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $10,862 |
| Contributions, gifts, grants paid | $46,745 |
| Total expenses and disbursements | $57,607 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $230 |
| Savings and temporary cash investments | $6,011 |
| 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 | $11,131 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $121,221 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $10 |
| Total assets | $851,422 |
| 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, C F Martell Memorial Foundation has awarded $46,745 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
HOME ON THE RANGE PURPOSE: GENERAL OPERATIONS | $18,000 |
ST JOSEPH'S SCHOOL PURPOSE: GENERAL OPERATIONS | $28,745 |