David Mitchell Marcus Foundation
- Assets
- $323.1k
- Revenue
- $28.1k
- Investments
- $295.5k
- Employees
- 0
- Location
- Carbondale, CO
- Founding
- 06/1989
- Data as of
- 12/2022
- EIN
- 75-2283302
Organization Overview
David Mitchell Marcus Foundation is located in Carbondale, CO. The organization was established in 1989. According to its NTEE Classification (B11) the organization is classified as: Single Organization Support, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. David Mitchell Marcus Foundation 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, David Mitchell Marcus Foundation generated $28.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (20.6%) each year. All expenses for the organization totaled $24.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (23.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, David Mitchell Marcus Foundation has awarded 61 individual grants totaling $136,362. 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 |
|---|---|---|---|
Jeffrey A Marcus Director | 0 | $0 | |
Nancy C Marcus Director | 0 | $0 | |
Deborah J Steufert Secretary/tr | 0 | $0 | |
David Mitchell Marcus President | 0 | $0 | |
Leslie Marcus Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $7,711 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,428 |
| Capital Gain Net Income | $20,428 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $6 |
| Total Revenue | $28,145 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $159 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,824 |
| Total operating and administrative expenses | $1,983 |
| Contributions, gifts, grants paid | $22,800 |
| Total expenses and disbursements | $24,783 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $27,569 |
| 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 | $295,521 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $323,090 |
| 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, David Mitchell Marcus Foundation has awarded $22,800 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
VALLEY VIEW HOSPITAL FOUNDATION PURPOSE: GENERAL SUPPORT | $1,500 |
BASALT BOOSTERS PURPOSE: GENERAL SUPPORT | $800 |
RAMS CLUB PURPOSE: GENERAL SUPPORT | $1,000 |
THE HOCKADAY SCHOOL PURPOSE: GENERAL SUPPORT | $5,000 |
ST MARKS FUND PURPOSE: GENERAL SUPPORT | $5,000 |
EMORY UNIVERSITY PURPOSE: GENERAL SUPPORT | $1,000 |