S & L Marx Foundation Inc
- Assets
- $73.4m
- Revenue
- $3.3m
- Investments
- $71.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2004
- Data as of
- 12/2020
- EIN
- 20-0677535
The information for S & L Marx Foundation Inc is as of the organization's most recent filing in December '21. This organization is located in Wilmington, DE. It has been in existence for 17 years, following its founding in 2004.
Organization Classification
The IRS classifies organizations according to the National Taxonomy of Exempt Entities (NTEE) system. The NTEE system helps the IRS assign a 3-character code to each organization to describe the organization's activities.
The S & L Marx Foundation Inc's NTEE code is T20. The "T" tells us that the organization is classified along with Philanthropy, Voluntarism & Grantmaking Foundations. The "20" tells us that the organization is a Private Grantmaking Foundation. The NTEE describes Private Grantmaking Foundations as nongovernmental, nonprofit organizations with funds and programs managed by trustees or directors established to maintain charitable activities serving the common welfare, primarily through grantmaking. Additionally, the organization is classified as a 501(c)(3) organization, which means it is engaged in Religious, Educational, Charitable, Scientific, Literary, Public Safety, Amateur Sports, or Prevention of Cruelty to Children or Animals work according to the Internal Revenue Code.
Grant History
Our dataset includes three years of grant history for the S & L Marx Foundation Inc. Over these three years, they have awarded a total of 363 grants, with an average check size of $37,776. On average, they award 121 grants each year. The majority of their grants were awarded in the Education sector (61), followed by Arts, Culture & Humanities (46) and Human Services (22). In terms of geographical distribution, the organization has awarded the highest number of grants in Connecticut (158) and New York (134). They have also awarded grants in several other states, including Illinois (3), California (6), Texas (6), Massachusetts (20), Minnesota (2), Maine (6), Oregon (3), Pennsylvania (5), Colorado (1), Florida (1), Maryland (3), Hawaii (2), Washington D.C. (5), New Hampshire (2), New Jersey (2), and Alabama (2).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy M Better Executive Dir, Sec | 40 | $161,000 | |
Charles Better Dir | 1 | $0 | |
Sarah Better Dir | 1 | $0 | |
David Better Dir | 1 | $0 | |
Leonard Marx Dir, Treas | 1 | $0 | |
Sylvia Marx Dir, Pres | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jp Morgan Chase | 12/30/21 | $209,981 |
Foundation Source | 12/30/21 | $79,658 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,605 |
| Dividends & Interest | $1,963,133 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,007,777 |
| Capital Gain Net Income | $1,978,882 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $329,227 |
| Total Revenue | $3,308,742 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $150,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $10,997 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $947 |
| Occupancy | $814 |
| Travel, conferences, and meetings | $4,259 |
| Printing and publications | $372 |
| Other expenses | $45,116 |
| Total operating and administrative expenses | $450,925 |
| Contributions, gifts, grants paid | $4,578,550 |
| Total expenses and disbursements | $5,029,475 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,814,395 |
| 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 | $2,980,205 |
| Net Land, buildings, and equipment | $2,843 |
| Other assets | $0 |
| Total assets | $73,350,001 |
| 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, S & L Marx Foundation Inc has awarded $4,730,300 in support to 136 organizations.
| Grant Recipient | Amount |
|---|---|
YALE UNIVERSITY PURPOSE: MULTIPLE RESRICTED PROGRAMS | $1,600,000 |
Greenwich, CT PURPOSE: BLACK BOX THEATER PROJECT | $350,000 |
Bronx, NY PURPOSE: EINSTEIN AGING STUDY RESEARCH PROGRAM | $250,000 |
STANFORD UNIVERSITY GRADUATE SCHOOL OF BUSINESS PURPOSE: BOLD FELLOWS FUND FOR STUDENT SUPPORT | $250,000 |
Greenwich, CT PURPOSE: HORIZONS SUMMER ENRICHMENT PROGRAM ENDOWMENT | $150,000 |
Williamstown, MA PURPOSE: TUTORIAL ENDOWMENT | $150,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lor Foundation Inc West Chester, PA | $352,392,197 | $12,888,892 |
Grable Foundation Pittsburgh, PA | $386,701,292 | $35,946,563 |
Connelly Foundation West Conshohocken, PA | $387,913,026 | $27,891,431 |
The Abell Foundation Inc Baltimore, MD | $398,354,670 | $42,510,470 |
Bay And Paul Foundations Inc Wilmington, DE | $33,659,644 | $890,121 |
Gordon & Llura Gund Foundation Princeton, NJ | $18,024,465 | $6,191,436 |
Susquehanna Foundation Bala Cynwyd, PA | $640,733,550 | $61,262,452 |
Operating Engineers Trust Fund Of Washington D C & Vicinity Sparks, MD | $40,754,444 | $17,999,357 |
F M Kirby Foundation Inc Morristown, NJ | $303,494,554 | $34,334,700 |
E Rhodes And Leona B Carpenter Foundation Radnor, PA | $250,926,779 | $43,460,229 |
Victoria Foundation Inc Newark, NJ | $335,393,283 | $24,137,337 |
Kahlert Foundation Inc Sykesville, MD | $93,179,960 | $19,162,440 |