The Gilbert J Martin Foundation A Charitable Trust
- Assets
- $19.0m
- Revenue
- $4.8m
- Investments
- $17.2m
- Employees
- 0
- Location
- San Diego, CA
- Founding
- 12/1984
- Data as of
- 12/2022
- EIN
- 33-0002513
Organization Overview
The Gilbert J Martin Foundation A Charitable Trust is located in San Diego, CA. The organization was established in 1984. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Gilbert J Martin Foundation A Charitable 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, Gilbert J Martin Foundation A Charitable Trust generated $4.8m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 2.8% each year. All expenses for the organization totaled $3.7m during the year ending 12/2022. While expenses have increased by 0.2% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Gilbert J Martin Foundation A Charitable Trust has awarded 570 individual grants totaling $15,580,500. 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 |
|---|---|---|---|
Roger Anderson Managing Trustee | 40 | $271,150 | |
Judy Anderson Trustee | 40 | $33,333 | |
David Dorne Trustee | 40 | $33,333 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $46,922 |
| Dividends & Interest | $194,165 |
| Net Rental Income | $403,998 |
| Net Gain on Sale of Assets | $2,628,559 |
| Capital Gain Net Income | $2,628,559 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $23,702 |
| Total Revenue | $4,754,831 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $337,816 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $63,543 |
| Taxes | $182,009 |
| Depreciation | $337,175 |
| Occupancy | $253,752 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $701,440 |
| Total operating and administrative expenses | $1,936,589 |
| Contributions, gifts, grants paid | $1,808,500 |
| Total expenses and disbursements | $3,745,089 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,243,983 |
| Savings and temporary cash investments | $529,615 |
| 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 | $7,471,568 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $18,955,404 |
| 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 | $2,227,407 |
| Other liabilities | $141,630 |
| Total liabilities | $2,369,037 |
Grants Awarded
Over the last fiscal year, The Gilbert J Martin Foundation A Charitable Trust has awarded $1,808,500 in support to 65 organizations.
| Grant Recipient | Amount |
|---|---|
ABC YOUTH FOUNDATION PURPOSE: CHARITABLE | $5,000 |
ALZHEIMERS ASSOCIATION PURPOSE: CHARITABLE | $10,000 |
ALPHA PROJECT PURPOSE: CHARITABLE | $40,000 |
AMERICAN FRIENDS OF OUR ARMED FORCES PURPOSE: CHARITABLE | $5,000 |
ASYMCAUSO PURPOSE: CHARITABLE | $20,000 |
AZTEC ATHLETIC FOUNDATION PURPOSE: CHARITABLE | $50,000 |