Maranatha Foundation Inc
- Assets
- $5.8m
- Revenue
- $207.6k
- Investments
- $447.6k
- Employees
- 0
- Location
- Danbury, CT
- Founding
- 03/1999
- Data as of
- 12/2021
- EIN
- 06-1531327
Organization Overview
Maranatha Foundation Inc is located in Danbury, CT. The organization was established in 1999. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Maranatha 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 12/2021, Maranatha Foundation Inc generated $207.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (33.2%) each year. All expenses for the organization totaled $503.4k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (23.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Maranatha Foundation Inc has awarded 24 individual grants totaling $14,120,544. 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
AWARDING GRANTS TO DANBURY AREA RELIGIOUS, MEDICAL & EDUCATIONAL 501(C)(3) ORGANIZATIONS WHICH PROVIDE SERVICES TO "AT RISK" YOUTHS AND THEIR FAMILIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Katherine L Beattie Secretary & Director-Until 05/06/2020 | 0.25 | $0 | |
Michael G Beattie Director | 0.25 | $0 | |
Elizabeth A Wylie Director | 0.25 | $0 | |
William G Beattie Chairman & Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $201,500 |
| Interest on Savings | $10,018 |
| Dividends & Interest | $86 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3,970 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $207,634 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $31,080 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $8,429 |
| Depreciation | $119,751 |
| Occupancy | $44,334 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | -$2,930 |
| Total operating and administrative expenses | $222,679 |
| Contributions, gifts, grants paid | $280,754 |
| Total expenses and disbursements | $503,433 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $521,711 |
| Savings and temporary cash investments | $105,000 |
| 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 | $3,358,016 |
| Other assets | $1,397,084 |
| Total assets | $5,829,409 |
| 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 | $369,493 |
| Other liabilities | $156 |
| Total liabilities | $369,649 |
Grants Awarded
Over the last fiscal year, Maranatha Foundation Inc has awarded $280,754 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Danbury, CT PURPOSE: GENERAL SUPPORT | $275,754 |
PATHWAYS OF DANBURY PURPOSE: GENERAL SUPPORT | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Westhab Inc Yonkers, NY | $114,731,576 | $108,606,814 |
Home-Life Services Inc Brooklyn, NY | $11,358,960 | $49,313,152 |
Project Hospitality Inc Staten Island, NY | $24,265,282 | $41,568,587 |
Father Bills & Mainspring Inc Brockton, MA | $37,272,456 | $43,214,858 |
Urban Pathways Inc New York, NY | $30,994,608 | $33,252,102 |
Turning Point Inc Newburyport, MA | $22,797,029 | $31,886,468 |
Aguila Inc Bronx, NY | $26,513,070 | $18,809,046 |
Ali Forney Center New York, NY | $7,623,264 | $19,818,161 |
Jericho Project New York, NY | $18,950,420 | $17,611,803 |
Middlesex Human Service Agency Inc Waltham, MA | $4,587,746 | $16,335,649 |
Columbus House New Haven, CT | $15,682,244 | $16,470,970 |
Rosies Place Inc Boston, MA | $38,499,401 | $18,742,725 |