Marcon Foundation Inc
- Assets
- $63.3k
- Revenue
- $500.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Ridgewood, NJ
- Founding
- 06/2003
- Data as of
- 12/2022
- EIN
- 57-1167051
Organization Overview
Marcon Foundation Inc is located in Ridgewood, NJ. The organization was established in 2003. 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. Marcon 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, Marcon Foundation Inc generated $500.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (23.3%) each year. All expenses for the organization totaled $509.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (13.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Marcon Foundation Inc has awarded 248 individual grants totaling $4,093,826. 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 |
|---|---|---|---|
Alison Conti Executive Director/secreta | 35 | $85,000 | |
Michael C Marcon Chairman Of The Board | 5 | $0 | |
Anthony G Marcon Trustee | 0 | $0 | |
Mark C Marcon Trustee | 0 | $0 | |
Michelle G Marcon Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $500,000 |
| Interest on Savings | $8 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $500,008 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $85,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,830 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,087 |
| Total operating and administrative expenses | $101,680 |
| Contributions, gifts, grants paid | $408,139 |
| Total expenses and disbursements | $509,819 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,287 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $63,287 |
| 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, Marcon Foundation Inc has awarded $408,139 in support to 36 organizations.
| Grant Recipient | Amount |
|---|---|
ANIMAL REFUGE LEAGUE PURPOSE: HELP SUPPORT ANIMAL SHELTER FOR HOMELESS AND DISPLACED ANIMALS | $5,000 |
ASPEN DENTAL MANCHESTER PURPOSE: PAID FOR A VETERAN'S DENTAL WORK | $10,463 |
BERGEN CATHOLIC HIGH SCHOOL PURPOSE: SCHOLARSHIP | $18,600 |
CAMP SUNSHINE AT SEBAGO LAKE PURPOSE: RETREAT FOR CHILDREN WITH LIFE-THREATENING ILLNESSES AND THEIR FAMILIES | $5,000 |
DOOR COUNTY SECERT SANTA PURPOSE: MISSION IS TO ANONYMOUSLY PAY HEATING BILLS FOR STRUGGLING FAMILIES | $7,500 |
EASTERSEALS NH VETERANS COUNT - GEORGE MIGLORINO PURPOSE: VETERANS FINANCIAL ASSISTANCE | $20,000 |