Virginia Cretella Mars Foundation
- Assets
- $17.2m
- Revenue
- $2.0m
- Investments
- $15.9m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1995
- Data as of
- 12/2021
- EIN
- 13-3798973
Organization Overview
Virginia Cretella Mars Foundation is located in New York, NY. The organization was established in 1995. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Virginia Cretella Mars 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, Virginia Cretella Mars Foundation generated $2.0m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 0.4% each year. All expenses for the organization totaled $989.8k during the year ending 12/2021. While expenses have increased by 3.5% per year over the past 4 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 2020, Virginia Cretella Mars Foundation has awarded 70 individual grants totaling $1,820,000. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Valerie A Mars Director | 1 | $0 | |
Pamela D Mars-Wright Director | 1 | $0 | |
Stephanie J Schuetz President | 1 | $0 | |
Victoria B Mars Director | 1 | $0 | |
Marijke E Mars Director | 1 | $0 | |
Bernadette Russell Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $311,307 |
| Interest on Savings | $0 |
| Dividends & Interest | $312,750 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,332,042 |
| Capital Gain Net Income | $1,332,070 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,956,099 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $62,797 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $96,474 |
| Total operating and administrative expenses | $264,791 |
| Contributions, gifts, grants paid | $725,000 |
| Total expenses and disbursements | $989,791 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,356,175 |
| 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 | $11,636,198 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $25,000 |
| Total assets | $17,242,277 |
| 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, Virginia Cretella Mars Foundation has awarded $725,000 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
New London, NH PURPOSE: GENERAL SUPPORT | $50,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $50,000 |
NATURAL LANDS TRUST PURPOSE: GENERAL SUPPORT | $50,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $40,000 |
New York, NY PURPOSE: GENERAL SUPPORT | $40,000 |
Washington, DC PURPOSE: GENERAL SUPPORT | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ruderman Family Foundation Newton, MA | $161,614,404 | $9,111,768 |
The Ahava Foundation Kearny, NJ | $69,246,321 | $13,538,690 |
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 |
Shoreland Foundation Inc Lloyd Harbor, NY | $17,307,030 | $9,179,290 |
Summit Foundation Inc Getzville, NY | $1,308,590 | $48,121 |
Dale Kutnick And Laura Gordon Kutnick Foundation Inc Pennington, NJ | $16,101,991 | $2,420,688 |
Roe Foundation Inc New York, NY | $4,790,106 | $5,727,059 |
Dreams R Us Foundation Shoreham, NY | $16,620,968 | $1,291,461 |