Marsh Foundation
- Assets
- $70.2m
- Revenue
- $6.3m
- Investments
- $16.3k
- Employees
- 103
- Location
- Van Wert, OH
- Founding
- 02/1934
- Data as of
- 06/2024
- EIN
- 34-4431300
Organization Overview
Marsh Foundation is located in Van Wert, OH. The organization was established in 1934. According to its NTEE Classification (B20) the organization is classified as: Elementary & Secondary Schools, under the broad grouping of Education and related organizations. As of 06/2024, Marsh Foundation employed 103 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marsh 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 06/2024, Marsh Foundation generated $6.3m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 8.6% each year. All expenses for the organization totaled $6.9m during the year ending 06/2024. While expenses have increased by 2.6% per year over the past 9 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
Describe the Organization's Mission:
Part 3 - Line 1
THE MARSH FOUNDATION IS A CHILDREN'S HOME AND SCHOOL FOR CHILDREN EXPERIENCING ADJUSTMENT PROBLEMS AND PROVIDES BEHAVIORAL TREATMENT AND FAMILY AND TREATMENT FOSTER CARE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SCHOOLING FOR CHILDREN IN NEED OF FOSTER CARE AND/OR GROUP HOME RESIDENTIAL CARE. ITS PURPOSE IS TO ASSIST FAMILIES AND CHILDREN WHO ARE EXPERIENCING MILD TO MODERATE ADJUSTMENT PROBLEMS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Jeff Grothouse Exec Sec | Officer | 40 | $116,652 |
Gary Corcoran Trustee | Trustee | 4 | $19,775 |
Gary Clay Trustee | Trustee | 4 | $18,700 |
Robert Gamble Trustee | Trustee | 4 | $18,548 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $69,459 |
| All other contributions, gifts, grants, and similar amounts not included above | $188,587 |
| Noncash contributions included in lines 1a–1f | $23,673 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $258,046 |
| Total Program Service Revenue | $4,096,754 |
| Investment income | $1,168,423 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $657,172 |
| Net Gain/Loss on Asset Sales | $161,773 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,342,168 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $173,675 |
| Compensation of current officers, directors, key employees. | $173,675 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,486,266 |
| Pension plan accruals and contributions | $231,449 |
| Other employee benefits | $693,259 |
| Payroll taxes | $304,679 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $1,843 |
| Fees for services: Accounting | $67,349 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $14,595 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $172,783 |
| Travel | $9,670 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $16,774 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $377,137 |
| Insurance | $129,209 |
| All other expenses | $183,051 |
| Total functional expenses | $6,865,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $68,894 |
| Savings and temporary cash investments | $6,822,807 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $650,868 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $777,226 |
| Prepaid expenses and deferred charges | $123,648 |
| Net Land, buildings, and equipment | $14,264,532 |
| Investments—publicly traded securities | $47,065,660 |
| Investments—other securities | $16,294 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $429,888 |
| Total assets | $70,219,817 |
| Accounts payable and accrued expenses | $736,346 |
| Grants payable | $0 |
| Deferred revenue | $3,775 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $740,121 |
| Net assets without donor restrictions | $13,137,789 |
| Net assets with donor restrictions | $56,341,907 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $70,219,817 |