Martis Fund
- Assets
- $17.0m
- Revenue
- $2.9m
- Investments
- $0.0
- Employees
- 1
- Location
- Truckee, CA
- Founding
- 08/2008
- Data as of
- 12/2023
- EIN
- 20-8187896
Organization Overview
Martis Fund is located in Truckee, CA. The organization was established in 2008. According to its NTEE Classification (C12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Environment and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Martis Fund 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, Martis Fund generated $2.9m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.8% each year. All expenses for the organization totaled $3.9m during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Martis Fund has awarded 86 individual grants totaling $11,013,615. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE MARTIS FUND SUPPORTS PROGRAMS TO CONSERVE OPEN SPACE; MANAGE AND RESTORE HABITAT AND FOREST LANDS; AND PROMOTE OPPORTUNITIES FOR WORKFORCE HOUSING AND RELATED COMMUNITY PURPOSES IN THE MARTIS VALLEY REGION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
FOR HABITAT/FOREST RESTORATION, THE FUND MADE GRANTS TO SUPPORT FOREST MANAGEMENT AND HABITATE RESTORATION FOR ORGANIZATIONS IN THE MARTIS VALLEY, TAHOE BASIN AND SURROUNDING WATERSHED.
THE WORKFORCE HOUSING FUND HAS IMPLEMENTED A DOWN PAYMENT ASSISTANCE PROGRAM FOR HOME PURCHASES IN THE TRUCKEE REGION AND PAYS AN ADMINISTRATIVE FEE TO SIERRA BUSINESS COUNCIL. THE FUND MADE GRANTS TO THE SIERRA COMMUNITY HOUSE FOR EMERGENCY ASSISTANCE FOR LOW INCOME FAMILIES. THE FUND ALSO MADE GRANTS ORGANIZATIONS FOR WORKFORCE HOUSING PROJECTS.
HISTORICALLY, THE FUND SUPPORTED THE ACQUISITION OF WADDLE RANCH BY THE TRUCKEE DONNER LAND TRUST AS A PUBLICLY ACCESSIBLE, OPEN SPACE CONSERVATION EASEMENT AND HTE FUND CONTRIBUTED TO THE ACQUISITION OF THE CANYON SPRINGS PROPERTY EAST OF TRUCKEE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terry Connely Director | Trustee | 2 | $0 |
Tom Murphy Director | Trustee | 2 | $0 |
Matthew O'grady Director | Trustee | 2 | $0 |
Mark Johnson President | Officer | 2 | $0 |
Alexis Ollar Vice President | Officer | 2 | $0 |
Dan Haas Treasurer | Officer | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,507,025 |
| Investment income | $389,252 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,896,277 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $3,411,690 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $56,271 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $12,000 |
| Payroll taxes | $3,866 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $97,555 |
| Fees for services: Accounting | $36,893 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $24,691 |
| Advertising and promotion | $0 |
| Office expenses | $1,931 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $3,105 |
| All other expenses | $1,607 |
| Total functional expenses | $3,886,379 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $871,698 |
| Savings and temporary cash investments | $11,880,071 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $163,030 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,064,261 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,569 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $16,980,629 |
| Accounts payable and accrued expenses | $21,191 |
| Grants payable | $1,163,625 |
| Deferred revenue | $2,450 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $1,187,266 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $15,793,363 |
| Total liabilities and net assets/fund balances | $16,980,629 |
Grants Awarded
Over the last fiscal year, Martis Fund has awarded $3,411,690 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
SIERRA BUSINESS COUNCIL PURPOSE: Down Payment Assistance Loan Suppor | $48,000 |
SIERRA COMMUNITY HOUSE PURPOSE: Housing Advocacy and Direct Assista | $356,250 |
COMMUNITY RESOURCES INC PURPOSE: Frishman Hollow II Workforce Housin | $1,000,000 |
NORTH TAHOE TRUCKEE HOMELESS PURPOSE: Winter Housing Support | $30,000 |
STEPHEN J WAMPLER FOUNDATION PURPOSE: FOREST MANAGEMENT PLAN | $150,000 |
SOUTH YUBA RIVER CITIZENS LEA PURPOSE: HABITAT RESTORATION | $205,000 |