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 381 individual grants totaling $2,574,924. 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
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 | |
Barbara L Flynn V.P. / Director / Trustee | 0.25 | $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 | |
Mary C Henzy Secretary | 2 | $0 |
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 $539,226 in support to 56 organizations.
| Grant Recipient | Amount |
|---|---|
BALL AND SOCKET ARTS PURPOSE: ARTS | $1,030 |
AVON OLD FARMS SCHOOL PURPOSE: EDUCATION | $69,100 |
BARNARD COLLEGE PURPOSE: EDUCATION | $2,500 |
AMERICAN SCHOOL FOR THE DEAF PURPOSE: EDUCATION | $500 |
BUSHNELL CENTER FOR PERFORMING ARTS PURPOSE: ARTS | $1,000 |
BEAT THE STREET COMMUNITY CENTER INC PURPOSE: PUBLIC SERVICE | $5,000 |