Dr Harry Z Marx & Ruth M Marx Foundation
- Assets
- $1.4m
- Revenue
- $106.1k
- Investments
- $1.4m
- Employees
- 0
- Location
- La Jolla, CA
- Founding
- 12/1969
- Data as of
- 12/2023
- EIN
- 23-7044558
Organization Overview
Dr Harry Z Marx & Ruth M Marx Foundation is located in La Jolla, CA. The organization was established in 1969. 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. Dr Harry Z Marx & Ruth M Marx 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 12/2023, Dr Harry Z Marx & Ruth M Marx Foundation generated $106.1k 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 (7.8%) each year. All expenses for the organization totaled $152.5k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Dr Harry Z Marx & Ruth M Marx Foundation has awarded 69 individual grants totaling $1,088,820. 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 |
|---|---|---|---|
Beverly R Grant President | 1 | $0 | |
Art Cooley Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $66,000 |
| Interest on Savings | $206 |
| Dividends & Interest | $39,391 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $471 |
| Capital Gain Net Income | $471 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $106,068 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $5,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $852 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25,453 |
| Total operating and administrative expenses | $36,505 |
| Contributions, gifts, grants paid | $116,000 |
| Total expenses and disbursements | $152,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $55,805 |
| Net Accounts receivable | $45 |
| 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 | $1,369,131 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,424,981 |
| 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, Dr Harry Z Marx & Ruth M Marx Foundation has awarded $116,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
THE FILM COLLABORATIVE PURPOSE: GENERAL FUND | $2,500 |
CHALLENGED ATHLETES FOUNDATION PURPOSE: GENERAL FUND | $20,000 |
THRU GUIDANCE PURPOSE: GENERAL FUND | $5,000 |
FSHD SOCIETY PURPOSE: GENERAL FUND | $1,000 |
HUMAN GOOD FOUNDATION PURPOSE: GENERAL FUND | $2,000 |
VISIONS OF CHILDREN PURPOSE: GENERAL FUND | $5,500 |