Vern A And Florence E Martin Charitable Ta
- Assets
- $1.7m
- Revenue
- $65.0k
- Investments
- $1.7m
- Employees
- 0
- Location
- Murdock, FL
- Founding
- 08/1991
- Data as of
- 10/2023
- EIN
- 59-6940773
Organization Overview
Vern A And Florence E Martin Charitable Ta is located in Murdock, FL. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Vern A And Florence E Martin Charitable Ta 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 10/2023, Vern A And Florence E Martin Charitable Ta generated $65.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.2%) each year. All expenses for the organization totaled $164.2k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Vern A And Florence E Martin Charitable Ta has awarded 131 individual grants totaling $743,538. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,392 |
| Dividends & Interest | $60,526 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,110 |
| Capital Gain Net Income | $3,110 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $65,028 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,124 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $816 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $468 |
| Printing and publications | $0 |
| Other expenses | $11,136 |
| Total operating and administrative expenses | $28,455 |
| Contributions, gifts, grants paid | $135,778 |
| Total expenses and disbursements | $164,233 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $40,794 |
| 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 | $1,729,826 |
| 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, Vern A And Florence E Martin Charitable Ta has awarded $135,778 in support to 32 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI PURPOSE: SARASOTA/MANATEE GRANT | $1,254 |
ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI PURPOSE: CHARLOTTE COUNTY GRANT | $1,254 |
BAKERHEAD START PURPOSE: GENERAL & UNRESTRICTED | $1,710 |
BIG BROTHERS-BIG SISTERS FOUNDATION OF THE SUNCOAS PURPOSE: GENERAL & UNRESTRICTED | $4,559 |
AMERICAN LUNG ASSOCIATION PURPOSE: GENERAL & UNRESTRICTED | $1,254 |
BOY SCOUTS OF AMERICA PURPOSE: GENERAL & UNRESTRICTED | $2,279 |