Edward P Maronick Charitable Foundation
- Assets
- $1.3m
- Revenue
- $157.2k
- Investments
- $1.1m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 02/1965
- Data as of
- 01/2024
- EIN
- 81-6010198
Organization Overview
Edward P Maronick Charitable Foundation is located in Sioux Falls, SD. The organization was established in 1965. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edward P Maronick Charitable 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 01/2024, Edward P Maronick Charitable Foundation generated $157.2k in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 14.7% each year . All expenses for the organization totaled $111.0k during the year ending 01/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Edward P Maronick Charitable Foundation has awarded 82 individual grants totaling $689,595. 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 |
|---|---|---|---|
Name Not Listed Comm. Truste | 1 | $7,180 | |
First Premier Bank Trust Department Comm. Truste | 1 | $6,230 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $17,928 |
| Dividends & Interest | $30,001 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $109,219 |
| Capital Gain Net Income | $109,219 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $39 |
| Total Revenue | $157,187 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $8,539 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,501 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $27,025 |
| Contributions, gifts, grants paid | $84,000 |
| Total expenses and disbursements | $111,025 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,561 |
| Savings and temporary cash investments | $250,000 |
| 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 | $182,096 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1 |
| Total assets | $1,346,126 |
| 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, Edward P Maronick Charitable Foundation has awarded $84,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
ST CYRIL & METHODIUS PURPOSE: GENEARL OPERATIONS | $9,600 |
CARROLL COLLEGE PURPOSE: EDUCATION ASSISTANCE | $24,000 |
CHILD BRIDGE PURPOSE: GENERAL OPERATIONS | $6,000 |
GOD'S LOVE PURPOSE: TO ASSIST WITH PROVIDING HOUSING | $15,000 |
HELENA FOOD SHARE PURPOSE: PROVIDE FOOD FOR THE NEEDY | $15,000 |
GOOD SAMARITAN MINISTRIES PURPOSE: GENERAL OPERATIONS | $12,000 |