Marisa Martini Private Foundation Inc
- Assets
- $23.4m
- Revenue
- $900.3k
- Investments
- $23.2m
- Employees
- 0
- Location
- Whippany, NJ
- Founding
- Data as of
- 12/2023
- EIN
- 87-1325288
Organization Overview
Marisa Martini Private Foundation Inc is located in Whippany, NJ. 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. Marisa Martini Private Foundation Inc 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, Marisa Martini Private Foundation Inc generated $900.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (67.1%) each year. All expenses for the organization totaled $907.2k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Marisa Martini Private Foundation Inc has awarded 58 individual grants totaling $1,684,927. 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 |
|---|---|---|---|
Linda Gelson President | 4 | $0 | |
James Damiano MD Director | 3 | $12,500 | |
Elizabeth Dragalin Director | 4 | $23,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $879,800 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $19,140 |
| Capital Gain Net Income | $19,140 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $1,382 |
| Total Revenue | $900,322 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $35,500 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $14,593 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $22,075 |
| Printing and publications | $0 |
| Other expenses | $44,976 |
| Total operating and administrative expenses | $117,544 |
| Contributions, gifts, grants paid | $789,650 |
| Total expenses and disbursements | $907,194 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $128,814 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,365,035 |
| 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, Marisa Martini Private Foundation Inc has awarded $789,650 in support to 30 organizations.
| Grant Recipient | Amount |
|---|---|
FRIENDS OF GUATEMALAN CHILDREN INC PURPOSE: GENERAL PURPOSE | $50,000 |
HAWASSA HOPE PURPOSE: GENERAL PURPOSE | $100,000 |
NOVICK CARDIAC ALLIANCE PURPOSE: GENERAL PURPOSE | $75,000 |
ST PETER'S PREP PURPOSE: GENERAL PURPOSE | $110,000 |
OUR LADY QUEEN OF PEACE CATHOLIC CHURCH PURPOSE: GENERAL PURPOSE | $10,000 |
STAY TOUGH FIGHT HARD PURPOSE: GENERAL PURPOSE | $10,000 |