Maranatha Foundation Inc
- Assets
- $4.7m
- Revenue
- $394.0k
- Investments
- $2.1m
- Employees
- 0
- Location
- Danbury, CT
- Founding
- 03/1999
- Data as of
- 12/2023
- 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 12/2023, Maranatha Foundation Inc generated $394.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 9 years, the organization has seen revenues fall by an average of (21.5%) each year. All expenses for the organization totaled $694.1k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (15.9%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Maranatha Foundation Inc has awarded 41 individual grants totaling $16,093,050. 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
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 |
|---|---|---|---|
William G Beattie Chairman & Director | 2 | $0 | |
Carrie L Amos Vice Chairman | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $276,000 |
| Interest on Savings | $39,659 |
| Dividends & Interest | $47,707 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,252 |
| Capital Gain Net Income | $30,252 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $327 |
| Other Income | $77 |
| Total Revenue | $394,022 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $31,203 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $957 |
| Depreciation | $985 |
| Occupancy | $147,396 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $50,456 |
| Total operating and administrative expenses | $256,992 |
| Contributions, gifts, grants paid | $437,100 |
| Total expenses and disbursements | $694,092 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $176,902 |
| Savings and temporary cash investments | $989,318 |
| 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 | $25,663 |
| Other assets | $1,383,938 |
| Total assets | $4,679,082 |
| 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 | $39 |
| Total liabilities | $39 |
Grants Awarded
Over the last fiscal year, Maranatha Foundation Inc has awarded $437,100 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
JERICHO PARTNERSHIP PURPOSE: GENERAL SUPPORT | $350,000 |
ST PAUL'S LUTHERAN CHRUCH OF DANBURY PURPOSE: GENERAL SUPPORT | $50,000 |
FOOTBALL CAMP PURPOSE: GENERAL SUPPORT | $2,000 |
DESTIN JACKSON PURPOSE: GENERAL SUPPORT | $5,500 |
CHARNEIL BUSH PURPOSE: GENERAL SUPPORT | $1,600 |
HOPELINE PREGNANCY CENTER PURPOSE: GENERAL SUPPORT | $15,000 |