The Bobby And Gloria Martin Foundation
- Assets
- $632.1k
- Revenue
- $68.4k
- Investments
- $588.9k
- Employees
- 0
- Location
- Raleigh, NC
- Founding
- 01/2008
- Data as of
- 12/2022
- EIN
- 23-1365662
Organization Overview
The Bobby And Gloria Martin Foundation is located in Raleigh, NC. The organization was established in 2008. 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. Bobby And Gloria Martin 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, Bobby And Gloria Martin Foundation generated $68.4k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $66.6k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Bobby And Gloria Martin Foundation has awarded 90 individual grants totaling $365,850. 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 |
|---|---|---|---|
Robert H Martin III Director | 2 | $0 | |
Gloria C Martin Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $42,229 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $26,141 |
| Capital Gain Net Income | $26,141 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $68,370 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,091 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,478 |
| Total operating and administrative expenses | $10,864 |
| Contributions, gifts, grants paid | $55,700 |
| Total expenses and disbursements | $66,564 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $37,464 |
| Savings and temporary cash investments | $5,698 |
| 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 | $632,051 |
| 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, The Bobby And Gloria Martin Foundation has awarded $55,700 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
ST TIMOTHY'S SCHOOL PURPOSE: TO PROVIDE RESOURCES FOR A SAFE AND VIBRANT LEARNINGS ENVIRONMENT. | $6,000 |
YMCA - Y LEARNING PURPOSE: TO ADVOCATE FOR CHRISTIAN PRINCIPLES THROUGH PROGRAMS FOR A HEALTHY SPIRIT, MIND, AND BODY. | $12,500 |
HOPE INTERNATIONAL PURPOSE: TO INVEST IN THE DREAMS OF FAMILIES IN THE WORLD'S UNDESERVED COMMUNITIES AS WE PROCLAIM AND LIVE THE GOSPEL. | $750 |
APPALACHIAN REGIONAL HEALTHCARE FOUNDATION PURPOSE: TO SUPPORT HEALTHCARE FOR THE HIGH COUNTRY | $3,750 |
CASA PURPOSE: TO PROVIDE ACCESS TO STABLE, AFFORDABLE HOUSING FOR PEOPLE WHO ARE HOMELESS | $5,000 |
CHAPEL BY THE LAKE PURPOSE: TO SUPPORT LOCAL PROGRAMS AND GIVE BACK TO THE SURROUNDING COMMUNITY. | $2,000 |