Marek Family Foundation
- Assets
- $44.0m
- Revenue
- $8.0m
- Investments
- $35.5m
- Employees
- 0
- Location
- Houston, TX
- Founding
- 11/1968
- Data as of
- 12/2020
- EIN
- 74-6108373
The information for Marek Family Foundation is as of the organization's most recent filing in December '21. This organization is located in Houston, TX. It has been in existence for 53 years, following its founding in 1968.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The Marek Family Foundation is a philanthropic organization classified under the NTEE code T20, which falls under the major classification of Philanthropy, Voluntarism & Grantmaking Foundations. As a private grantmaking foundation, the Marek Family Foundation is a nongovernmental, nonprofit organization that manages funds and programs through its own trustees or directors. Its primary purpose is to maintain or aid social, educational, religious, or other charitable activities that serve the common welfare, primarily through grantmaking. Additionally, the foundation is classified under section 3 of the Internal Revenue Code, indicating its engagement in religious, educational, charitable, scientific, literary, public safety, amateur sports, or prevention of cruelty to children or animals work.
Grant History
Our dataset includes seven years of grant history for the Marek Family Foundation. Over the course of those seven years, they have awarded a total of 930 grants, with an average check size of $21,639. On average, the foundation awards approximately 133 grants each year. The majority of their grants are awarded in the Human Services sector (81), followed by Religion-Related (44) and Education (42). In terms of geographic distribution, the foundation most frequently awards grants in Texas (853), followed by Virginia (10), Illinois (8), and Colorado (11), among others.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul A Marek Vice President | 1 | $0 | |
Steve L Gordon Director | 1 | $0 | |
J Byron Wake Director | 1 | $0 | |
Benjamin J Marek Director | 2 | $0 | |
Michael P Marek Director | 2 | $0 | |
David L Gilley Director | 3 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rbc Wealth Management | 12/30/21 | $174,815 |
Jpmorgan Chase Bank Na | 12/30/21 | $85,523 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,972,520 |
| Interest on Savings | $0 |
| Dividends & Interest | $910,556 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $138,124 |
| Capital Gain Net Income | $138,124 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $4,019,134 |
| Total Revenue | $8,040,334 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,559 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$194,652 |
| Total operating and administrative expenses | $25,427 |
| Contributions, gifts, grants paid | $2,190,622 |
| Total expenses and disbursements | $2,216,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $4,466,888 |
| 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 | $1,462,594 |
| Investments—other | $3,666,083 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,094,477 |
| Total assets | $44,021,356 |
| Accounts payable and accrued expenses | -$4,096 |
| 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 | -$4,096 |
Grants Awarded
Over the last fiscal year, Marek Family Foundation has awarded $7,617,156 in support to 181 organizations.
| Grant Recipient | Amount |
|---|---|
THE CATHOLIC ENDOWMENT FOUNDATION OF GALVESTON-HOU PURPOSE: TO SUPPORT VARIOUS CATHOLIC CHARITIES IN THE HOUSTON AREA | $4,000,000 |
Houston, TX PURPOSE: PROVIDES FUNDING FOR GRANTS | $1,000,000 |
SOCIETY OF ST VINCENT DE PAUL ARCHDIOCESE OF GALVESTON-HOUSTON PURPOSE: FOR CLOTHING, FOOD AND AID TO HARRIS COUNTY POOR | $209,976 |
WORKFAITH CONNECTION PURPOSE: PROVIDE TRAINING & COUNSELING FOR INDIGENT UNEMPLOYED. | $202,500 |
Houston, TX PURPOSE: FOR FOOD AND ASSISTANCE TO THE POOR | $176,000 |
M D ANDERSON CANCER CENTER PURPOSE: TO PROVIDE MEDICAL ASSISTANCE FOR INDIGENT FAMILIES | $130,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Penner Family Foundation Bentonville, AR | $146,107,822 | $15,983,833 |
Scharbauer Foundation Inc Midland, TX | $271,051,602 | $69,061,413 |
Wildcat Foundation Fort Worth, TX | $836,895 | $18,132,970 |
A Earl & Frances E Ziegler Foundation Norman, OK | $1,886,858 | $25,634,422 |
Eugene Mcdermott Foundation Dallas, TX | $220,528,387 | $97,884,779 |
Henderson-Wessendorff Foundation Richmond, TX | $228,160,288 | $17,605,762 |
Walter E Heller Foundation Dallas, TX | $0 | $637,126 |
Carl & Marilynn Thoma Foundation Dallas, TX | $0 | $929,287 |
Beloved In Christ Foundation Austin, TX | $172,986,617 | $3,113,726 |
The Kathryn H Craig Stephen Dudley Heard And Lillie D Heard Memorial Dallas, TX | $1,384 | -$449,918 |
Carroll Petrie Foundation Santa Fe, NM | $306,631,944 | $55,176,464 |
Hamill Foundation Houston, TX | $203,029,849 | $39,782,936 |