Martinson Family Foundation Inc
- Assets
- $0.0
- Revenue
- $1.9m
- Investments
- $669.5k
- Employees
- 0
- Location
- Lawrenceville, NJ
- Founding
- 04/2002
- Data as of
- 11/2021
- EIN
- 22-3695793
Organization Overview
Martinson Family Foundation Inc is located in Lawrenceville, NJ. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Martinson Family 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 11/2021, Martinson Family Foundation Inc generated $1.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 26.4% each year . All expenses for the organization totaled $1.9m during the year ending 11/2021. While expenses have increased by 3.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Martinson Family Foundation Inc has awarded 45 individual grants totaling $5,245,273. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John H Martinson Trustee/chairman/treasurer | 1 | $0 | |
Ross T Martinson Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,752,952 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,456 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,868,112 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Pension plans, employee benefits | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $13,213 |
| Contributions, gifts, grants paid | $1,838,426 |
| Total expenses and disbursements | $1,851,639 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $58,323 |
| Investments—mortgage loans | $0 |
| Investments—other | $669,497 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
Grants Awarded
Over the last fiscal year, Martinson Family Foundation Inc has awarded $1,838,426 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
BRISTOL RIVERSIDE THEATER PURPOSE: HONORARY PRODUCER | $21,000 |
PURDUE FOUNDATION PURPOSE: MARTINSON ENGINEERING ENTREPRENEURIAL PROGRAM | $400,000 |
VENTURE CAPITAL FOUNDATION PURPOSE: NATIONAL VENTURE CAPITAL ASSOCIATION OPERATIONS | $25,000 |
NEW JERSEY CITY UNIVERSITY PURPOSE: STEM CERTIFICATE PROGRAM | $130,000 |
RIDER UNIVERSITY FOUNDATION PURPOSE: THEATRICAL TECHNOLOGY | $155,371 |
LEHIGH VALLEY COMMUNITY FOUNDATION PURPOSE: SAUCON SANCTUARY FUND | $1,000 |