John Martins Foundation is located in North Smithfield, RI. The organization was established in 2017. According to its NTEE Classification (T50) the organization is classified as: Philanthropy, Charity & Voluntarism Promotion, 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. John Martins 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, John Martins Foundation generated $92.3k in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.6%) each year. All expenses for the organization totaled $77.7k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (1.0%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
RAISE MONEY TO ASSIST THOSE SUFFERING FROM LIFE-THREATENING BURNS AND EDUCATE ABOUT BURNS AND BURN PREVENTION.
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jonathan Turmel President | 10 | $0 | |
William Brown Vice-President | 10 | $0 | |
Olivia Martins Secretary | 10 | $0 | |
Jamie Turmel Director | 10 | $0 | |
Cleo Jones Director | 10 | $0 | |
William Brown Director | 10 | $0 |
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $92,277 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $92,277 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $10,901 |
| Total expenses | $77,696 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $264,155 |
| Other assets | $0 |
| Total assets | $264,623 |
| Total liabilities | $0 |
| Net assets or fund balances | $264,623 |