Felix E Martin Jr Foundation Inc
- Assets
- $76.6m
- Revenue
- $5.8m
- Investments
- $0.0
- Employees
- 0
- Location
- Louisville, KY
- Founding
- 06/2008
- Data as of
- 06/2021
- EIN
- 26-2193468
Organization Overview
Felix E Martin Jr Foundation Inc is located in Louisville, KY. The organization was established in 2008. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Felix E Martin Jr 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 06/2021, Felix E Martin Jr Foundation Inc generated $5.8m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 11.7% each year . All expenses for the organization totaled $2.0m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Felix E Martin Jr Foundation Inc has awarded 164 individual grants totaling $15,345,914. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE FELIX E. MARTIN JR. FOUNDATION SEEKS TO ENRICH THE LIVES OF THE CITIZENS OF MUHLENBERG COUNTY, KENTUCKY BY PROVIDING SUPPORT TO QUALIFIED ORGANIZATIONS TO MEET EDUCATIONAL, CIVIC AND CULTURAL NEEDS OF THE COUNTY, BOTH TODAY AND FOR GENERATIONS TO COME.
Describe the Organization's Program Activity:
Part 3 - Line 4a
GRANTS GIVEN TO CHARITABLE AND GOVERNMENTAL ORGANIZATIONS TO ENRICH THE LIVES OF THE CITIZENS IN MUHLENBERG COUNTY.
EARLY CHILDHOOD DEVELOPMENT:THE FOUNDATION EARLY CHILDHOOD DEVELOPMENT PROGRAM (SOAR) FOCUSES ON HELPING MUHLENBERG CHILDREN ARRIVE AT KINDERGARTEN READY TO LEARN. SOAR HOSTS MULTIPLE PROGRAMS AND EVENTS FOCUSED PRIMARILY ON EARLY CHILDHOOD LITERACY.
POST-SECONDARY SUCCESS:THE POST-SECONDARY SUCCESS PROGRAM (MUHLENBERG ACHIEVES) STRIVES TO INCREASE EDUCATIONAL ATTAINMENT OUTCOMES AND SUPPORT WORKFORCE DEVELOPMENT IN MUHLENBERG COUNTY, BY PROVIDING PROGRAMS AND RESOURCES FOR STUDENTS FROM KINDERGARTEN THROUGH ADULTHOOD TO INCREASE ACCESS AND ENCOURAGE ENROLLMENT IN COLLEGE AND CAREER TRAINING.
GRANTS GIVEN TO CHARITABLE AND GOVERNMENTAL ORGANIZATIONS TO ENRICH THE LIVES OF THE CITIZENS IN MUHLENBERG COUNTY.
EARLY CHILDHOOD DEVELOPMENT:THE FOUNDATION EARLY CHILDHOOD DEVELOPMENT PROGRAM (SOAR) FOCUSES ON HELPING MUHLENBERG CHILDREN ARRIVE AT KINDERGARTEN READY TO LEARN. SOAR HOSTS MULTIPLE PROGRAMS AND EVENTS FOCUSED PRIMARILY ON EARLY CHILDHOOD LITERACY.
POST-SECONDARY SUCCESS:THE POST-SECONDARY SUCCESS PROGRAM (MUHLENBERG ACHIEVES) STRIVES TO INCREASE EDUCATIONAL ATTAINMENT OUTCOMES AND SUPPORT WORKFORCE DEVELOPMENT IN MUHLENBERG COUNTY, BY PROVIDING PROGRAMS AND RESOURCES FOR STUDENTS FROM KINDERGARTEN THROUGH ADULTHOOD TO INCREASE ACCESS AND ENCOURAGE ENROLLMENT IN COLLEGE AND CAREER TRAINING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Shulte Chair Of The Board | OfficerTrustee | 3 | $0 |
Gary Carver Vice Chair Of The Board | OfficerTrustee | 1 | $0 |
Peggy Williams Secretary (term End 1/1/21) | OfficerTrustee | 1 | $0 |
Alyssa Manning President | Officer | 40 | $0 |
Mike Mercer Director | Trustee | 1 | $0 |
Sara Hemingway Member At Large | Trustee | 1 | $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 | $2,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,000 |
| Total Program Service Revenue | $0 |
| Investment income | $1,352,315 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,463,631 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,817,946 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,168,224 |
| 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 | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $323,708 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $875 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $213,724 |
| Fees for services: Other | $58,234 |
| Advertising and promotion | $1,469 |
| Office expenses | $1,509 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,808 |
| Travel | $5,630 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,477 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,325 |
| Insurance | $1,117 |
| All other expenses | $12,349 |
| Total functional expenses | $1,997,998 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,250,090 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $640,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $88,186 |
| Investments—publicly traded securities | $74,663,352 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $76,641,628 |
| Accounts payable and accrued expenses | $84,235 |
| Grants payable | $947,070 |
| Deferred revenue | $0 |
| 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 | $1,031,305 |
| Net assets without donor restrictions | $75,610,323 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $76,641,628 |
Grants Awarded
Over the last fiscal year, Felix E Martin Jr Foundation Inc has awarded $2,297,374 in support to 38 organizations.
| Grant Recipient | Amount |
|---|---|
MUHLENBERG COUNTY BOARD OF EDUCATION PURPOSE: B EDUCATIONAL INSTITUTIONS | $499,882 |
MUHLENBERG COUNTY BOARD OF EDUCATION PURPOSE: B EDUCATIONAL INSTITUTIONS | $499,882 |
MADISONVILLE COMMUNITY COLLEGE PURPOSE: B EDUCATIONAL INSTITUTIONS | $158,750 |
MADISONVILLE COMMUNITY COLLEGE PURPOSE: B EDUCATIONAL INSTITUTIONS | $158,750 |
CITY OF GREENVILLE PURPOSE: W PUBLIC SOCIETY BENEFIT | $90,318 |
CITY OF GREENVILLE PURPOSE: W PUBLIC SOCIETY BENEFIT | $90,318 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Felix E Martin Jr Foundation Inc has recieved totaling $4,573.
| Awarding Organization | Amount |
|---|---|
Reach Out And Read Inc Boston, MA PURPOSE: ENCOURAGE READING | $4,573 |
Endowment Analysis
| Beg. Balance | $58,153,202 |
| Earnings | $19,453,119 |
| Admin Expense | $583,316 |
| Net Contributions | $2,000 |
| Other Expense | $246,458 |
| Grants | $1,168,224 |
| Ending Balance | $75,610,323 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Manufacturing Advocacy & Growth Network Inc Cleveland, OH | $11,290,279 | $13,226,451 |
American Medical Group Association Inc Alexandria, VA | $19,689,445 | $10,462,815 |
Disability In Alexandria, VA | $11,237,053 | $8,690,736 |
National Community Investment Fund Irrv Tr Chicago, IL | $49,874,763 | $9,294,920 |
Ladies Union Benevolent Association St Joseph, MO | $16,215,368 | $4,268,127 |
National Association Of Electrical Distributors Education Foundation St Louis, MO | $19,969,630 | $3,274,087 |
Felix E Martin Jr Foundation Inc Louisville, KY | $76,641,628 | $5,817,946 |
Appalachian Community Capital Corporation Christiansburg, VA | $27,470,921 | $2,186,125 |
Cincinnati Business Committee Cincinnati, OH | $2,454,337 | $2,320,929 |
Council Of Development Finance Agenices Columbus, OH | $1,148,923 | $1,718,525 |
Responsible Business Alliance Foundation Alexandria, VA | $1,775,206 | $1,733,955 |
St Joseph Services Inc Chicago, IL | $1,123,789 | $1,648,775 |