Patrick J Martin Family Foundation
- Assets
- $2.6m
- Revenue
- $1.1m
- Investments
- $2.3m
- Employees
- 0
- Location
- Naples, FL
- Founding
- 09/2007
- Data as of
- 12/2022
- EIN
- 20-6758585
Organization Overview
Patrick J Martin Family Foundation is located in Naples, FL. The organization was established in 2007. 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. Patrick J Martin Family 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 12/2022, Patrick J Martin Family Foundation generated $1.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.3% each year. All expenses for the organization totaled $259.5k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Patrick J Martin Family Foundation has awarded 90 individual grants totaling $3,108,318. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION'S MISSION IS TO PROMOTE EDUCATIONAL OPPORTUNITIES THROUGH SCHOLARSHIPS AT THE UNIVERSITY LEVEL PRIMARILY FOCUSED ON ENCOURAGING THE STUDY OF MATH, SCIENCE AND ENGINEERING.
THE FOUNDATION'S MISSION SUPPORTS EFFORTS IN THE ARTS, SCIENCES, THE ENVIRONMENT, AND HUMANITARIAN NEEDS THROUGH GRANTS TO OTHER 501(C)(3) ORGANIZATIONS.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $37,810 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,058,189 |
| Capital Gain Net Income | $1,058,189 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,095,999 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,567 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $2,567 |
| Contributions, gifts, grants paid | $256,950 |
| Total expenses and disbursements | $259,517 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $316,314 |
| 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 | $750,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,573,899 |
| 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, Patrick J Martin Family Foundation has awarded $256,950 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
BRAVO VAIL PURPOSE: GENERAL OPERATING SUPPORT | $20,000 |
COMMUNITY FOUNDATION OF COLLIER COUNTY PURPOSE: GENERAL OPERATING SUPPORT | $500 |
ROUND UP RIVER RANCH PURPOSE: GENERAL OPERATING SUPPORT | $209,950 |
VAIL VETERANS ASSOC PURPOSE: GENERAL OPERATING SUPPORT | $6,500 |
BRIGHT FUTURE FOUNDATION PURPOSE: GENERAL OPERATING SUPPORT | $10,000 |
EAGLE VALLEY BEHAVIORAL HEALTH INSTITUTE PURPOSE: GENERAL OPERATING SUPPORT | $5,000 |