Marshall Foundation
- Assets
- $28.5m
- Revenue
- $15.4m
- Investments
- $9.0m
- Employees
- 0
- Location
- Tucson, AZ
- Founding
- 07/1942
- Data as of
- 12/2023
- EIN
- 86-0102198
Organization Overview
Marshall Foundation is located in Tucson, AZ. The organization was established in 1942. 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. Marshall 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 12/2023, Marshall Foundation generated $15.4m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 34.4% each year . All expenses for the organization totaled $5.1m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Marshall Foundation has awarded 179 individual grants totaling $8,621,465. 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 |
|---|---|---|---|
Bruce Burke President & Treasurer | 9.23 | $18,000 | |
Jane Mccollum President Re Division (retired 2023) | 40 | $159,246 | |
Gabriela Corrales Vice President | 0.92 | $6,000 | |
Jimena Valdes Treasurer & Secretary | 0.92 | $6,000 | |
Fabian Cordova Member | 2.31 | $6,000 | |
Alfredo Cuestas Member (resigned August 2023) | 0.92 | $4,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $316,146 |
| Dividends & Interest | $0 |
| Net Rental Income | $4,014,496 |
| Net Gain on Sale of Assets | $10,725,465 |
| Capital Gain Net Income | $10,725,465 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $346,686 |
| Total Revenue | $15,402,793 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $207,746 |
| Other employee salaries and wages | $513,228 |
| Pension plans, employee benefits | $0 |
| Interest | $393,571 |
| Taxes | $383,062 |
| Depreciation | $394,195 |
| Occupancy | $267,291 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,401,618 |
| Total operating and administrative expenses | $3,737,062 |
| Contributions, gifts, grants paid | $1,387,654 |
| Total expenses and disbursements | $5,124,716 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $404,490 |
| Savings and temporary cash investments | $211,126 |
| Net Accounts receivable | $151,834 |
| 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 | $86,193 |
| Net Investments - land, buildings, equipment | $10,150,451 |
| Investments—mortgage loans | $0 |
| Investments—other | $8,987,522 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $8,502,253 |
| Total assets | $28,493,869 |
| Accounts payable and accrued expenses | $153,552 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $7,666,591 |
| Other liabilities | $3,372,418 |
| Total liabilities | $11,192,561 |
Grants Awarded
Over the last fiscal year, Marshall Foundation has awarded $2,009,968 in support to 44 organizations.
| Grant Recipient | Amount |
|---|---|
ANGEL CHARITY FOR CHILDREN PURPOSE: 2023 ANGEL BALL | $2,243 |
ARIZONA FRIENDS OF FOSTER CHILDREN FOUNDATION PURPOSE: FOSTERING POST-SECONDARY SUCCESS | $35,000 |
BEACON GROUP PURPOSE: PRE EMPLOYMENT TRANSITION SERVICES EXPANSION | $42,700 |
BOYS TO MEN TUCSON PURPOSE: SPONSORSHIP | $30,000 |
BOOKS FOR CLASSROOMS PURPOSE: PURCHASE BOOKS TO DONATE TO SCHOOLS | $25,000 |
CASA DE LOS NINOS PURPOSE: PROVIDE QUALITY CARE AND EDUCATION FOR CHILDREN FROM BIRTH TO AGE 5 | $25,000 |