V&l Marx Foundation
- Assets
- $70.7m
- Revenue
- $4.9m
- Investments
- $63.7m
- Employees
- 0
- Location
- Scarsdale, NY
- Founding
- 04/2004
- Data as of
- 12/2022
- EIN
- 03-0536676
Organization Overview
V&l Marx Foundation is located in Scarsdale, NY. The organization was established in 2004. 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. V&l Marx 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, V&l Marx Foundation generated $4.9m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $6.8m during the year ending 12/2022. While expenses have increased by 8.5% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, V&l Marx Foundation has awarded 363 individual grants totaling $16,461,500. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jennifer Gruenberg President | 15 | $0 | |
Wendy Gruenberg Secretary | 2 | $0 | |
Leonard Gruenberg Vp/chief Financial Officer | 5 | $0 | |
Jon Gruenberg Treasurer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $19,236 |
| Dividends & Interest | $3,969,215 |
| Net Rental Income | $10,884 |
| Net Gain on Sale of Assets | $948,705 |
| Capital Gain Net Income | $948,705 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $4,948,040 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $31,548 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $196,726 |
| Total operating and administrative expenses | $245,274 |
| Contributions, gifts, grants paid | $6,593,500 |
| Total expenses and disbursements | $6,838,774 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,920,022 |
| 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 | $4,283,535 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $66,105 |
| Total assets | $70,673,819 |
| 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 | $45,371 |
| Total liabilities | $45,371 |
Grants Awarded
Over the last fiscal year, V&l Marx Foundation has awarded $6,593,500 in support to 117 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN FOLK ART MUSEUM PURPOSE: GENERAL CORPORATE PURPOSE | $1,000 |
A BETTER CHANCE PURPOSE: GENERAL CORPORATE PURPOSE | $5,000 |
AMERICAN JEWISH COMMITTEE PURPOSE: GENERAL CORPORATE PURPOSE | $16,000 |
AMERICAN FRIENDS OF SOROKA MEDICAL CENTER PURPOSE: GENERAL CORPORATE PURPOSE | $10,000 |
AMERICAN MUSEUM OF NATURAL HISTORY PURPOSE: GENERAL CORPORATE PURPOSE | $5,000 |
ARC WESTCHESTER FOUNDATION (FORMELY WESTCHESTER ARC) PURPOSE: GENERAL CORPORATE PURPOSE | $20,000 |