The Edward And Betty Marcus Foundation
- Assets
- $0.0
- Revenue
- $258.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Austin, TX
- Founding
- 12/1984
- Data as of
- 12/2019
- EIN
- 75-1989529
Organization Overview
The Edward And Betty Marcus Foundation is located in Austin, TX. The organization was established in 1984. 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.
For the year ending 12/2019, Edward And Betty Marcus Foundation generated $258.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (26.8%) each year. All expenses for the organization totaled $458.6k during the year ending 12/2019. As we would expect to see with falling revenues, expenses have declined by (27.7%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melba Davis Whatley Chairman | 2 | $0 | |
Richard Marcus Sec/treas | 1 | $0 | |
Norine Hayes Trustee | 1 | $0 | |
Susan Russell Marcus Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $40 |
| Dividends & Interest | $3,193 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $240,815 |
| Capital Gain Net Income | $240,815 |
| Net ST Capital Gain | $240,815 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $14,633 |
| Total Revenue | $258,681 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,594 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $8,296 |
| Total operating and administrative expenses | $23,174 |
| Contributions, gifts, grants paid | $435,390 |
| Total expenses and disbursements | $458,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| 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 | $0 |
| 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, The Edward And Betty Marcus Foundation has awarded $2,843,330 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
THE CONTEMPORARY AUSTIN MUSEUM INC PURPOSE: TO PROMOTE VISUAL ARTS IN THE STATE OF TEXAS BY ESTABLISHING THE BETTY AND EDWARD MARCUS SCULPTURE PARK LOCATED AT 3809 WEST 35TH ST, AUSTIN, TX.SEE ATTACHED SUPPLEMENTAL SCHEDULE FOR FMV AND COST BASIS FOR NON-CASH GRANTS. | $2,228,610 |
THE CONTEMPORARY AUSTIN MUSEUM INC PURPOSE: TO PROMOTE VISUAL ARTS IN THE STATE OF TEXAS BY ESTABLISHING THE BETTY AND EDWARD MARCUS SCULPTURE PARK LOCATED AT 3809 WEST 35TH ST, AUSTIN, TX. | $598,904 |
THE CONTEMPORARY AUSTIN MUSEUM INC PURPOSE: TO PROMOTE VISUAL ARTS IN THE STATE OF TEXAS BY ESTABLISHING THE BETTY AND EDWARD MARCUS SCULPTURE PARK LOCATED AT 3809 WEST 35TH ST, AUSTIN, TX. | $1,806 |
THE CONTEMPORARY AUSTIN MUSEUM INC PURPOSE: TO PROMOTE VISUAL ARTS IN THE STATE OF TEXAS BY ESTABLISHING THE BETTY AND EDWARD MARCUS SCULPTURE PARK LOCATED AT 3809 WEST 35TH ST, AUSTIN, TX. | $3,409 |
THE CONTEMPORARY AUSTIN MUSEUM INC PURPOSE: TO PROMOTE VISUAL ARTS IN THE STATE OF TEXAS BY ESTABLISHING THE BETTY AND EDWARD MARCUS SCULPTURE PARK LOCATED AT 3809 WEST 35TH ST, AUSTIN, TX. | $10,601 |