S & L Marx Foundation Inc
- Assets
- $75.4m
- Revenue
- $3.7m
- Investments
- $68.5m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2004
- Data as of
- 12/2023
- EIN
- 20-0677535
Organization Overview
S & L Marx Foundation Inc is located in Wilmington, DE. The organization was established in 2004. 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. S & L Marx Foundation Inc 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, S & L Marx Foundation Inc generated $3.7m 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 (15.0%) each year. All expenses for the organization totaled $5.4m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, S & L Marx Foundation Inc has awarded 640 individual grants totaling $23,106,650. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Laura Weintraub Beck Dir | 1 | $0 | |
Charles Better Dir | 1 | $0 | |
David Better Dir | 1 | $0 | |
James Better Dir, Treas | 1 | $0 | |
Nancy M Better Executive Dir, Sec | 40 | $180,000 | |
Sarah Better Dir | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Jp Morgan Chase | 12/30/23 | $160,803 |
Foundation Source | 12/30/23 | $102,923 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $321,141 |
| Dividends & Interest | $2,369,054 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $448,645 |
| Capital Gain Net Income | $450,213 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $563,960 |
| Total Revenue | $3,702,800 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $180,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $12,827 |
| Interest | $0 |
| Taxes | $77,108 |
| Depreciation | $947 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $16,386 |
| Printing and publications | $3,385 |
| Other expenses | $229,664 |
| Total operating and administrative expenses | $681,120 |
| Contributions, gifts, grants paid | $4,694,550 |
| Total expenses and disbursements | $5,375,670 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $6,909,582 |
| 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 | $15,905,392 |
| Net Land, buildings, and equipment | $2 |
| Other assets | $0 |
| Total assets | $75,370,635 |
| 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 $4,694,550 in support to 136 organizations.
| Grant Recipient | Amount |
|---|---|
ADOPT A DOG INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
ALBERT EINSTEIN COLLEGE OF MEDICINE PURPOSE: EINSTEIN AGING STUDY RESEARCH PROGRAM | $250,000 |
ALLIANCE FOR CANCER GENE THERAPY INC PURPOSE: GENERAL & UNRESTRICTED | $5,000 |
ALZHEIMERS DISEASE AND RELATED DISORDERS ASSOCIATI PURPOSE: DEMENTIA CARE COORDINATION PROGRAM IN NEW ENGLAND | $75,000 |
AMERICAN FRIENDS OF MAGEN DAVID ADOM PURPOSE: EMERGENCY FUNDS FOR ISRAEL WAR | $5,000 |
AMERICAN ASSOCIATION FOR CANCER RESEARCH PURPOSE: OVARIAN CANCER RESEARCH FUND | $1,000 |