Kimberley L Martin Foundation Inc is located in Henrico, VA. The organization was established in 2003. According to its NTEE Classification (B90) the organization is classified as: Educational Services, 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. Kimberley L Martin Foundation Inc 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 12/2022, Kimberley L Martin Foundation Inc generated $189.5k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 20.7% each year . All expenses for the organization totaled $138.2k during the year ending 12/2022. While expenses have increased by 26.2% per year over the past 4 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
IN 2022 THE ORGANIZATION AWARDED 46 BOOK SCHOLARSHIPS. THE COMBINED TOTAL FOR BOOK SCHOLARSHIPS WAS $60470. THE ORGANIZATION WAS ABLE TO AWARD SCHOLARSHIPS EVERY YEAR DESPITE THE IMPACT OF THE COVID-19 PANDEMIC
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberley L Martin President | 15 | $0 | |
Catina Downey CFO And Treasurer | 4 | $0 | |
Nirmala Devi Sivaprakasam Secretary | 2 | $0 | |
Kaci Easley Director | 2 | $0 | |
Sarah Golas Director | 1 | $0 | |
Sherrod Heyward Director | 1 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,137 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $557 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $38,805 |
| Other Revenue | $0 |
| Total Revenue | $189,499 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $531 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $313 |
| Other expenses | $76,867 |
| Total expenses | $138,181 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $344,069 |
| Other assets | $0 |
| Total assets | $344,069 |
| Total liabilities | $0 |
| Net assets or fund balances | $344,069 |