Marys Foundation
- Assets
- $715.3k
- Revenue
- $172.7k
- Investments
- $609.3k
- Employees
- 0
- Location
- Tremont, IL
- Founding
- 04/2011
- Data as of
- 12/2023
- EIN
- 26-3730953
Organization Overview
Marys Foundation is located in Tremont, IL. The organization was established in 2011. According to its NTEE Classification (T30) the organization is classified as: Public 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. Marys 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, Marys Foundation generated $172.7k in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 3.0% each year. All expenses for the organization totaled $53.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Marys Foundation has awarded 226 individual grants totaling $807,316. 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 |
|---|---|---|---|
Jerome Green President | 1 | $0 | |
Nancy Green Director | 1 | $0 | |
Mary Jo Palmer Director | 1 | $0 | |
Joyce Boone Director | 1 | $0 | |
Connie Dullard Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $154,570 |
| Interest on Savings | $145 |
| Dividends & Interest | $18,203 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$267 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $172,651 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $248 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,600 |
| Total operating and administrative expenses | $14,949 |
| Contributions, gifts, grants paid | $38,500 |
| Total expenses and disbursements | $53,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $106,097 |
| Savings and temporary cash investments | $0 |
| 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 | $609,250 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $715,347 |
| 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, Marys Foundation has awarded $38,500 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BLESSED SACRAMENT PARISH PURPOSE: CHARITABLE | $2,000 |
CHILDREN'S MIRACLE NETWORK PURPOSE: CHARITABLE | $4,000 |
CENTER FOR MEDICAL PROGRESS PURPOSE: CHARITABLE | $300 |
APPALACHIAN MISSION PURPOSE: CHARITABLE | $150 |
ETERNAL WORD TELEVISION NETWORK PURPOSE: CHARITABLE | $500 |
KNIGHTS OF COLUMBUS - MORTON IL PURPOSE: CHARITABLE | $20,200 |