Mark Paul Terk Charitable Tr
- Assets
- $12.5m
- Revenue
- $1.4m
- Investments
- $8.7m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 03/2009
- Data as of
- 12/2022
- EIN
- 80-6084948
Organization Overview
Mark Paul Terk Charitable Tr is located in Wilmington, DE. The organization was established in 2009. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Mark Paul Terk Charitable Tr is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2014, Mark Paul Terk Charitable Tr has awarded 75 individual grants totaling $16,093,585. 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 |
|---|---|---|---|
Connie Frost Paid Employee | 0 | $0 | |
Glenn R Staack Trustee | 40 | $390,544 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Foundation Source | 12/30/22 | $79,215 |
Cetera Advisor Networks Llc | 12/30/22 | $76,316 |
A J Clarke Real Estate Corp | 12/30/22 | $254,908 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,701 |
| Dividends & Interest | $261,380 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $872,519 |
| Capital Gain Net Income | $872,519 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,477 |
| Total Revenue | $1,445,526 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $390,544 |
| Other employee salaries and wages | $2,250 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $35,600 |
| Depreciation | $143,787 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $490 |
| Other expenses | $435,441 |
| Total operating and administrative expenses | $1,087,978 |
| Contributions, gifts, grants paid | $1,670,000 |
| Total expenses and disbursements | $2,757,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,278,031 |
| 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 | $2,432,526 |
| Investments—mortgage loans | $0 |
| Investments—other | $694,632 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $12,460,194 |
| 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 | $23,644 |
| Total liabilities | $23,644 |
Grants Awarded
Over the last fiscal year, Mark Paul Terk Charitable Tr has awarded $1,670,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UVALDE COUNTY JUNIOR LIVESTOCK SHOW ASSOCIATION PURPOSE: GENERAL & UNRESTRICTED | $50,000 |
MARK TERK CHARITABLE FOUNDATION PURPOSE: EXPENDITURE RESPONSIBILITY GRANT | $1,565,000 |
UVALDE FESTIVAL AND EVENTS ASSOCIATION INC PURPOSE: CHILDREN'S FISHING DERBY | $5,000 |
VALERO ENERGY FOUNDATION PURPOSE: UKRAINIAN RELIEF EFFORTS | $50,000 |