Virginia Cretella Mars Foundation
- Assets
- $16.4m
- Revenue
- $535.5k
- Investments
- $15.3m
- Employees
- 0
- Location
- New York, NY
- Founding
- 05/1995
- Data as of
- 12/2023
- 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 12/2023, Virginia Cretella Mars Foundation generated $535.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (22.4%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Virginia Cretella Mars Foundation has awarded 137 individual grants totaling $3,750,000. 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 | |
Marijke E Mars Director | 1 | $0 | |
Victoria B Mars Director | 1 | $0 | |
Stephanie J Schuetz Treasurer | 1 | $0 | |
Bernadette Russell President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $324,546 |
| Interest on Savings | $0 |
| Dividends & Interest | $450,643 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$239,693 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $535,496 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $11,256 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $85,262 |
| Total operating and administrative expenses | $181,810 |
| Contributions, gifts, grants paid | $975,000 |
| Total expenses and disbursements | $1,156,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,134,584 |
| 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 | $13,515,489 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $16,426,401 |
| 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 $975,000 in support to 35 organizations.
| Grant Recipient | Amount |
|---|---|
CAPITAL FRINGE PURPOSE: GENERAL SUPPORT | $15,000 |
CRITICAL EXPOSURE PURPOSE: GENERAL SUPPORT | $20,000 |
COMMUNITY COLLEGE OF BALTIMORE COUNTY FOUNDATION INC PURPOSE: GENERAL SUPPORT | $10,000 |
CHILDREN'S ART GUILD PURPOSE: GENERAL SUPPORT | $50,000 |
EVERYBODY MATTERS PURPOSE: GENERAL SUPPORT | $50,000 |
FREE LIBRARY OF PHILADELPHIA PURPOSE: GENERAL SUPPORT | $10,000 |