Albert E Marks Charitable Trust
- Assets
- $686.9k
- Revenue
- $42.5k
- Investments
- $581.4k
- Employees
- 0
- Location
- Cambridge, MA
- Founding
- 12/1980
- Data as of
- 12/2023
- EIN
- 04-2680681
Organization Overview
Albert E Marks Charitable Trust is located in Cambridge, MA. The organization was established in 1980. 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. Albert E Marks Charitable Trust 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, Albert E Marks Charitable Trust generated $42.5k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.7% each year. All expenses for the organization totaled $129.1k during the year ending 12/2023. While expenses have increased by 11.8% per year over the past 7 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 2015, Albert E Marks Charitable Trust has awarded 101 individual grants totaling $229,904. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE-GRANT MAKING ORGANIZATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Tamar Miller Trustee & Manager | 10 | $6,000 | |
Daniel Kass Successor Trustee | 0.5 | $0 | |
Lia Kass Successor Trustee | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $24,337 |
| Interest on Savings | $64 |
| Dividends & Interest | $11,767 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$1,284 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,587 |
| Total Revenue | $42,471 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $6,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,069 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,919 |
| Printing and publications | $0 |
| Other expenses | $78,213 |
| Total operating and administrative expenses | $90,963 |
| Contributions, gifts, grants paid | $38,100 |
| Total expenses and disbursements | $129,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $105,499 |
| 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 | $68,853 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $686,945 |
| 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, Albert E Marks Charitable Trust has awarded $38,100 in support to 20 organizations.
| Grant Recipient | Amount |
|---|---|
ALLIANCE FOR MIDDLE EAST PEACE PURPOSE: PEACE AND SOCIAL JUSTICEPEACE AND SOCIAL JUSTICEPEACE AND SOCIAL JUSTICE | $5,000 |
RANA ARAB-JEWISH WOMEN'S CHOIR PURPOSE: PEACE AND SOCIAL JUSTICEPEACE AND SOCIAL JUSTICE | $2,000 |
ARAVA INSTITUTE PURPOSE: EDUCATION FOR PEACE | $2,500 |
HAND IN HAND SCHOOLS PURPOSE: PEACE AND SOCIAL JUSTICE | $3,500 |
AMERICAN FRIENDS OF PARENTS CIRCLE PURPOSE: PEACE AND RECONCILIATION | $500 |
HIAS PURPOSE: REFUGEE PROTECTION | $1,000 |