Marksbury Family Foundation Inc
- Assets
- $13.3m
- Revenue
- $589.9k
- Investments
- $12.9m
- Employees
- 0
- Location
- Nicholasville, KY
- Founding
- 11/2009
- Data as of
- 12/2022
- EIN
- 26-4737208
Organization Overview
Marksbury Family Foundation Inc is located in Nicholasville, KY. The organization was established in 2009. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marksbury 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 12/2022, Marksbury Family Foundation Inc generated $589.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (17.3%) each year. All expenses for the organization totaled $909.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Marksbury Family Foundation Inc has awarded 53 individual grants totaling $4,540,981. 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 |
|---|---|---|---|
Davis L Marksbury Jr Chairman | 0.25 | $0 | |
Beverly E Marksbury Treasurer/secretary | 0.25 | $0 | |
Stacie Marksbury Director | 0.25 | $0 | |
Davis L Marksbury III Director | 0.25 | $0 | |
Doris G Marksbury Director | 0.25 | $0 | |
Logan Marksbury Executive Director | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $9,127 |
| Interest on Savings | $3,409 |
| Dividends & Interest | $577,786 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$406 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $589,916 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $5,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,897 |
| Total operating and administrative expenses | $17,147 |
| Contributions, gifts, grants paid | $892,034 |
| Total expenses and disbursements | $909,181 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $380,532 |
| 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 | $12,288,473 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $36,338 |
| Total assets | $13,271,119 |
| 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, Marksbury Family Foundation Inc has awarded $892,034 in support to 5 organizations.
| Grant Recipient | Amount |
|---|---|
BLUEGRASS COMMUNITY FOUNDATION PURPOSE: DONATION TO ENHANCE QUALITY OF LIFE IN THE BLUEGRASS REGION | $417,000 |
KEENSTARTKENTUCKY ENTREPRENEURSHIP EDUCATION PURPOSE: DONATION TO AID STUDENTS IN THEIR JOURNEY TOWARDS BECOMING ENTREPRENEURS AND KEY BUSINESS LEADERS IN COMMUNITIES ACROSS KENTUCKY | $50,000 |
LEXINGTON HEARING & SPEECH CENTER PURPOSE: DONATION TO PROVIDE SERVICES FOR HEARING, SPEECH, AND LANGUAGE IMPAIRED INDIVIDUALS | $75,000 |
NURSE FAMILY PARTNERSHIP PURPOSE: DONATION TO POSITIVELY TRANSFORM THE LIVES OF VULNERABLE BABIES, MOTHERS AND FAMILIES | $50,034 |
LEXINGTON PUBLIC LIBRARY FOUNDATION PURPOSE: CAPITAL CAMPAIGN PLEDGE OF $300K OVER SIX YEARS TO REBUILD A LIBRARY BRANCH | $300,000 |