Julien E Marx Foundation Trust
- Assets
- $10.0m
- Revenue
- $587.8k
- Investments
- $1.7m
- Employees
- 0
- Location
- Mobile, AL
- Founding
- 04/2014
- Data as of
- 12/2022
- EIN
- 27-4916745
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.
Form
990PF
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) | Role | Hours | Compensation |
|---|---|---|---|
William T Youngblood William T Youn Trustee | 0 | $0 | |
Michael Mcaleer Trustee | 0 | $0 | |
I David Cherniak Trustee | 0 | $0 | |
Scott Browning Trustee | 0 | $0 | |
Bobby Frost Trustee | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cherniak Law Llc | 12/30/21 | $98,755 |
Earl Hollingshead | 12/30/21 | $68,500 |
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 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $65,771 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $48,680 |
| Taxes | $45,668 |
| Depreciation | $80,599 |
| Occupancy | $4,549 |
| Travel, conferences, and meetings | $1,267 |
| Printing and publications | $0 |
| Other expenses | $361,181 |
| Total operating and administrative expenses | $675,513 |
| Contributions, gifts, grants paid | $63,300 |
| Total expenses and disbursements | $738,813 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,067 |
| Savings and temporary cash investments | $1,409,699 |
| Net Accounts receivable | $85,254 |
| 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 | $1,456,745 |
| Investments—mortgage loans | $0 |
| Investments—other | $1,715,969 |
| Net Land, buildings, and equipment | $5,070,593 |
| Other assets | $206,402 |
| Total assets | $9,961,994 |
| 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 | $1,541,554 |
| Total liabilities | $1,541,554 |
Grants Awarded
Over the last fiscal year, Julien E Marx Foundation Trust has awarded $63,300 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
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 |