Martin Family Foundation
- Assets
- $8.3m
- Revenue
- $1.2m
- Investments
- $7.8m
- Employees
- 0
- Location
- Ann Arbor, MI
- Founding
- 05/1997
- Data as of
- 12/2021
- EIN
- 38-3340278
Organization Overview
Martin Family Foundation is located in Ann Arbor, MI. The organization was established in 1997. 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. Martin Family 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 12/2021, Martin Family Foundation generated $1.2m in total revenue. The organization has seen a slow decline revenue. Over the past 4 years, revenues have fallen by an average of (0.7%) each year. All expenses for the organization totaled $740.5k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Martin Family Foundation has awarded 156 individual grants totaling $1,253,000. 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 |
|---|---|---|---|
Sally A Martin President | 1 | $0 | |
William C Martin V.p./sec./treasurer | 1 | $0 | |
Michael C Martin Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $340,000 |
| Interest on Savings | $2,204 |
| Dividends & Interest | $390,319 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $434,240 |
| Capital Gain Net Income | $434,240 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $20,371 |
| Total Revenue | $1,187,134 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,423 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $54,551 |
| Total operating and administrative expenses | $63,974 |
| Contributions, gifts, grants paid | $676,500 |
| Total expenses and disbursements | $740,474 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $32,787 |
| Savings and temporary cash investments | $457,697 |
| 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 | $3,711,089 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $8,306,008 |
| 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 | $239,435 |
| Total liabilities | $239,435 |
Grants Awarded
Over the last fiscal year, Martin Family Foundation has awarded $676,500 in support to 94 organizations.
| Grant Recipient | Amount |
|---|---|
U OF M - DEPARTMENT OF UROLOGY PURPOSE: EDUCATIONAL | $200,000 |
Harbor Springs, MI PURPOSE: HUMANITARIAN | $50,000 |
U OF M - ACCELERATE BLUE FUND PURPOSE: EDUCATIONAL | $40,000 |
HOPE CLINIC PURPOSE: HUMANITARIAN | $25,000 |
Ann Arbor, MI PURPOSE: EDUCATIONAL | $25,000 |
SALVATION ARMY - HANCOCK PURPOSE: HUMANITARIAN | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
U S Bancorp Foundation Milwaukee, WI | $68,350,907 | $6,892,078 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |