John G Martin Foundation
- Assets
- $6.8m
- Revenue
- $711.5k
- Investments
- $6.8m
- Employees
- 0
- Location
- West Hartford, CT
- Founding
- 05/1960
- Data as of
- 12/2021
- EIN
- 06-6042495
Organization Overview
John G Martin Foundation is located in West Hartford, CT. The organization was established in 1960. 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. John G Martin 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 12/2021, John G Martin Foundation generated $711.5k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 27.5% each year . All expenses for the organization totaled $589.9k during the year ending 12/2021. While expenses have increased by 3.1% per year over the past 5 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 2016, John G Martin Foundation has awarded 380 individual grants totaling $2,460,892. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
THE JOHN G. MARTIN FOUNDATION MADE DIRECT CONTRIBUTIONS TO EIGHTY-THREE ORGANIZATIONS IN 2016. SEE THE ATTACHED STATEMENT FOR SPECIFIC DETAILS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Frank M Loehmann Jr Pres / Treasurer / Director | 2 | $2,000 | |
Donna B Flamio V.P. / Director | 2 | $2,000 | |
Linda R Owsianik Director | 0.25 | $2,000 | |
Garrett S Flynn Director / Trustee | 0.25 | $2,000 | |
Laura F Baldini Director / Trustee | 0.25 | $2,000 | |
Barbara L Flynn V.P. / Director / Trustee | 0.25 | $2,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $307,019 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $404,515 |
| Capital Gain Net Income | $404,515 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $711,534 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,254 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $22,427 |
| Total operating and administrative expenses | $137,242 |
| Contributions, gifts, grants paid | $452,703 |
| Total expenses and disbursements | $589,945 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $18,714 |
| Savings and temporary cash investments | $51,355 |
| 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 | $3,837,629 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $4,935 |
| Total assets | $6,848,230 |
| Accounts payable and accrued expenses | $12,678 |
| 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 | $12,678 |
Grants Awarded
Over the last fiscal year, John G Martin Foundation has awarded $452,703 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
TOWN OF CHESHIRE PARKS & REC DEPT PURPOSE: PUBLIC SERVICE | $75,000 |
Avon, CT PURPOSE: EDUCATION | $72,500 |
Otis, MA PURPOSE: PUBLIC SERVICE | $60,000 |
CT RADIO INFORMATION SYSTEM PURPOSE: PUBLIC SERVICE | $44,000 |
Farmington, CT PURPOSE: ARTS/EDUCATION | $25,500 |
HEALING MEALS FOUNDATION CORP PURPOSE: PUBLIC SERVICE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |
Cohen Veterans Network Inc Stamford, CT | $21,771,420 | $47,396,071 |