Patricia M And Robert H Martinsen Foundation
- Assets
- $512.9k
- Revenue
- $244.0k
- Investments
- $45.3k
- Employees
- 0
- Location
- Ridgefield, CT
- Founding
- 09/2011
- Data as of
- 12/2022
- EIN
- 27-6961238
Organization Overview
Patricia M And Robert H Martinsen Foundation is located in Ridgefield, CT. The organization was established in 2011. 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. Patricia M And Robert H Martinsen 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 12/2022, Patricia M And Robert H Martinsen Foundation generated $244.0k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.8% each year. All expenses for the organization totaled $12.7k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Patricia M And Robert H Martinsen Foundation has awarded 57 individual grants totaling $280,990. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert H Martinsen Trustee - As Required | 0 | $0 | |
Patricia M Martinsen Trustee - As Required | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $58,354 |
| Interest on Savings | $333 |
| Dividends & Interest | $4,676 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $180,650 |
| Capital Gain Net Income | $180,650 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $244,013 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $528 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $4,028 |
| Contributions, gifts, grants paid | $8,680 |
| Total expenses and disbursements | $12,708 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,883 |
| Savings and temporary cash investments | $453,739 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $512,872 |
| 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, Patricia M And Robert H Martinsen Foundation has awarded $8,680 in support to 23 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S DISEASE RESEARCH PURPOSE: MEDICAL PURPOSES | $200 |
AMERICAN INSTITUTE FOR CANCER RESEARCH PURPOSE: MEDICAL PURPOSES | $100 |
ASPCA ADOPTION CENTER PURPOSE: SOCIAL PURPOSES | $100 |
DISABLED VETS NATIONAL FOUNDATION PURPOSE: SOCIAL PURPOSES | $100 |
FOUNDERS HALL PURPOSE: SOCIAL PURPOSES | $500 |
JUDICIAL WATCH PURPOSE: SOCIAL PURPOSES | $200 |