Steven & Katherine Markelfoundation
- Assets
- $8.4m
- Revenue
- $109.7k
- Investments
- $8.3m
- Employees
- 0
- Location
- Richmond, VA
- Founding
- 08/2006
- Data as of
- 12/2023
- EIN
- 20-5331849
Organization Overview
Steven & Katherine Markelfoundation is located in Richmond, VA. The organization was established in 2006. 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. Steven & Katherine Markelfoundation 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, Steven & Katherine Markelfoundation generated $109.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (30.1%) each year. All expenses for the organization totaled $971.8k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Steven & Katherine Markelfoundation has awarded 137 individual grants totaling $7,285,505. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE STEVEN & KATHERINE MARKEL FOUNDATION MAKES GRANTS TOQUALIFYING CHARITABLE ORGANIZATIONS AND DOES NOT CARRY ONCHARITABLE ACTITIVIES DIRECTLY. COPIES OF THE FOUNDATION'S FORM 990-PF AND EXEMPT APPLICATION ARE AVAILABLE BY REQUEST FOR PUBLIC INSPECTION.
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 |
|---|---|---|---|
Steven A Markel President/director | 1 | $0 | |
Katherine N Markel Secretary/treasurer/direct | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $100,000 |
| Interest on Savings | $9,650 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $109,650 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,644 |
| Contributions, gifts, grants paid | $968,124 |
| Total expenses and disbursements | $971,768 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $135,331 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,440,859 |
| 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, Steven & Katherine Markelfoundation has awarded $968,124 in support to 19 organizations.
| Grant Recipient | Amount |
|---|---|
ART 180 PURPOSE: CHARITABLE SUPPORT | $15,000 |
CARITAS PURPOSE: CHARITABLE SUPPORT | $25,000 |
CHILDSAVERS PURPOSE: CHARITABLE SUPPORT | $25,000 |
BOYS & GIRLS CLUB OF METRO RICHMOND PURPOSE: CHARITABLE SUPPORT | $15,000 |
VPM PURPOSE: CHARITABLE SUPPORT | $51,023 |
PARTNERSHIP FOR THE FUTURE PURPOSE: CHARITABLE SUPPORT | $25,000 |