Marathon Education Partners Inc
- Assets
- $1.0m
- Revenue
- $236.6k
- Investments
- $0.0
- Employees
- 5
- Location
- Portland, OR
- Founding
- 05/2003
- Data as of
- 12/2018
- EIN
- 74-3062657
Organization Overview
Marathon Education Partners Inc is located in Portland, OR. The organization was established in 2003. According to its NTEE Classification (B12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Education and related organizations. As of 12/2018, Marathon Education Partners Inc employed 5 individuals. Marathon Education Partners 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 12/2018, Marathon Education Partners Inc generated $236.6k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 12.5% each year . All expenses for the organization totaled $389.3k during the year ending 12/2018. While expenses have increased by 12.4% 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2018
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE MENTORING, ENRICHMENT PROGRAMS AND A HIGHER EDUCATION SCHOLARSHIP OPPORTUNITY TO LOW-INCOME STUDENTS
Describe the Organization's Program Activity:
Part 3 - Line 4a
MARATHON SCHOLARS WORKS TO REMOVE OBSTACLES THAT EXIST FOR LOW-INCOME CHILDREN STRIVING FOR A COLLEGE EDUCATION BY PROVIDING LONG-TERM MENTORING, COLLEGE READINESS ACTIVITIES, COLLEGE COACHING, AND FINANCIAL SCHOLARSHIPS TOWARD THE COSTS OF A COLLEGE EDUCATION. IN 2017, 120 SCHOLARS AGE 10-24 WERE SERVED BY MARATHON SCHOLARS. 100% OF HIGH SCHOOL SENIORS IN THE PROGRAM COMPLETED THEIR HIGH SCHOOL DIPLOMA, AND OF THESE 98% WERE ENROLLED IN COLLEGE. IN 2017, APPROXIMATELY $57,000 WAS DISBURSED TO MARATHON SCHOLARS FOR COLLEGE TUITION AND RELATED EXPENSES.
ENRICHMENT ACTIVITIES: MARATHON EDUCATION PARTNERS ORGANIZED SEVERAL EVENTS FOR SCHOLARS DESIGNED TO INCREASE AWARENESS ABOUT HIGHER EDUCATION OPPORTUNITIES AND TO PREPARE FOR COLLEGE EXPERIENCE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Cheney Chair | OfficerTrustee | 10 | $0 |
Daniel Edwards Treasurer | OfficerTrustee | 1 | $0 |
Claire Brown Secretary | OfficerTrustee | 1 | $0 |
Andrea Angell Trustee | Trustee | 1 | $0 |
Dan Bruton Trustee | Trustee | 1 | $0 |
Susan Hayes Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $236,350 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $236,350 |
| Total Program Service Revenue | $0 |
| Investment income | $78 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $236,593 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $128,526 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $64,366 |
| Compensation of current officers, directors, key employees. | $17,847 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $95,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $8,726 |
| Payroll taxes | $12,763 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $14,181 |
| Advertising and promotion | $1,029 |
| Office expenses | $9,333 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $15,186 |
| Travel | $3,909 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $150 |
| Insurance | $6,159 |
| All other expenses | $349 |
| Total functional expenses | $389,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $109,390 |
| Savings and temporary cash investments | $9,968 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $257,740 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $2,700 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $625,250 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,005,048 |
| Accounts payable and accrued expenses | $1,553 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,553 |
| Unrestricted restricted net Assets | $173,755 |
| Temporarily restricted net Assets | $829,740 |
| Permanently restricted net Assets or current funds | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total net assets or fund balances | $1,003,495 |