Marino Charitable Foundation 121693
- Assets
- $877.8k
- Revenue
- $34.8k
- Investments
- $806.3k
- Employees
- 0
- Location
- Dover, MA
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 04-6749547
Organization Overview
Marino Charitable Foundation 121693 is located in Dover, MA. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marino Charitable Foundation 121693 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 12/2021, Marino Charitable Foundation 121693 generated $34.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (8.7%) each year. All expenses for the organization totaled $240.0k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Marino Charitable Foundation 121693 has awarded 20 individual grants totaling $106,602. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lauren D Marino Trustee | 20 | $50,000 | |
Roger M Marino Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $8,737 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,094 |
| Capital Gain Net Income | $26,094 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $34,831 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $50,000 |
| Other employee salaries and wages | $31,343 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,525 |
| Depreciation | $4,717 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $103,641 |
| Total operating and administrative expenses | $198,221 |
| Contributions, gifts, grants paid | $41,753 |
| Total expenses and disbursements | $239,974 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $56,273 |
| 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 | $670 |
| Net Land, buildings, and equipment | $15,230 |
| Other assets | $0 |
| Total assets | $877,764 |
| 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, Marino Charitable Foundation 121693 has awarded $41,753 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
Medfield, MA PURPOSE: UNRESTRICTED | $10,000 |
GENTLE GIANTS HORSE RESCUE PURPOSE: UNRESTRICTED | $10,000 |
BOSTON CHILDRENS HOSPITAL PURPOSE: UNRESTRICTED | $10,000 |
RI PAROTT RESERVE PURPOSE: UNRESTRICTED | $2,000 |
DOVER FIRE DEPT PURPOSE: UNRESTRICTED | $2,000 |
Somerville, MA PURPOSE: DEMOCRATIZE GRASSROOTS FUNDRAISING ONLINE | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ruderman Family Foundation Newton, MA | $161,614,404 | $9,111,768 |
The Rona Jaffe Foundation Dix Hills, NY | $31,757,116 | $2,944,285 |
Mary Field And Vincent Dep Goubeau Charitable Tr 1996 Boston, MA | $0 | $23 |
Lostand Foundation Inc Cold Spring, NY | $0 | $2,083,089 |
Institution For Savings In Newbrypt & Its Vcnty Chrtble Foundation Inc Newburyport, MA | $16,132,654 | $1,229,352 |
Enterprise Foundation Tr New York, NY | $11,495,685 | $0 |
Murray Family Charitable Foundation Warren, RI | $31,961,943 | $3,940,832 |
Shoreland Foundation Inc Lloyd Harbor, NY | $17,307,030 | $9,179,290 |
Summit Foundation Inc Getzville, NY | $1,308,590 | $48,121 |
Roe Foundation Inc New York, NY | $4,790,106 | $5,727,059 |
Dreams R Us Foundation Shoreham, NY | $16,620,968 | $1,291,461 |
Virginia Cretella Mars Foundation New York, NY | $17,242,277 | $1,956,099 |