Julien E Marx Foundation Trust

Organization Overview

Julien E Marx Foundation Trust is located in Mobile, AL. The organization was established in 2014. 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. Julien E Marx Foundation Trust 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, Julien E Marx Foundation Trust generated $587.8k 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 (7.6%) each year. All expenses for the organization totaled $738.8k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (7.2%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Julien E Marx Foundation Trust has awarded 116 individual grants totaling $2,812,288. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

GIFT TO UNIVERSITY OF SOUTH ALABAMA TO SUPPORT FUTURE PROGRAMMING


GIFTS TO BOY SCOUTS OF AMERICA TO SUPPORT LOCAL PROGRAMS


GIFTS TO 12 LOCAL ORGANIZATIONS TO SUPPORT LOCAL PROGRAMS


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Board, Officers & Key Employees

Name (title)Compensation
William T Youngblood William T Youn
Trustee
$0
Michael Mcaleer
Trustee
$0
I David Cherniak
Trustee
$0
Scott Browning
Trustee
$0
Bobby Frost
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Cherniak Law Llc
$98,755
Earl Hollingshead
$68,500
View All Vendors

Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $0
Interest on Savings $693
Dividends & Interest $12,437
Net Rental Income$83,017
Net Gain on Sale of Assets $12,702
Capital Gain Net Income $12,702
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $10,000
Total Revenue $587,771

Grants Awarded

Over the last fiscal year, Julien E Marx Foundation Trust has awarded $63,300 in support to 10 organizations.

Grant RecipientAmount

FULL LIFE AHEAD FOUNDATION

PURPOSE: SUPPORT LOCAL PROGRAMS

$6,000

UNIVERSITY OF SOUTH ALABAMA

PURPOSE: RENOVATION OF USA LIBRARY

$10,000

BOYS SCOUTS OF AMERICA

PURPOSE: SUPPORT LOCAL PROGRAMS

$20,000

VARIOUS LOCAL AGENCIES

PURPOSE: SUPPORT LOCAL PROGRAMS

$4,300

DUMAS WESLEY COMMUNITY CENTER

PURPOSE: SUPPORT LOCAL PROGRAMS

$3,000

LIGHT OF THE VILLAGE

PURPOSE: SUPPORT LOCAL PROGRAMS

$2,000
View Grant Profile

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