Marcus Corporation Foundation Inc
- Assets
- $4.0m
- Revenue
- $205.6k
- Investments
- $3.9m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 08/1963
- Data as of
- 12/2022
- EIN
- 39-6046268
Organization Overview
Marcus Corporation Foundation Inc is located in Milwaukee, WI. The organization was established in 1963. 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. Marcus Corporation Foundation Inc 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, Marcus Corporation Foundation Inc generated $205.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (46.6%) each year. All expenses for the organization totaled $967.3k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Marcus Corporation Foundation Inc has awarded 85 individual grants totaling $3,428,600. 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 |
|---|---|---|---|
David J Marcus Chairman/director | 0.1 | $0 | |
Stephen H Marcus President/director | 0.1 | $0 | |
Gregory S Marcus Vp/director | 0.1 | $0 | |
Thomas F Kissinger Secretary | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $9,871 |
| Dividends & Interest | $112,618 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $83,129 |
| Capital Gain Net Income | $83,129 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $205,618 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $9,530 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $36,262 |
| Contributions, gifts, grants paid | $931,000 |
| Total expenses and disbursements | $967,262 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $47,215 |
| Savings and temporary cash investments | $100,031 |
| 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 | $375,000 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $4,032,297 |
| 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, Marcus Corporation Foundation Inc has awarded $931,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
ACTS COMMUNITY DEVELOPMENT CORPORATION PURPOSE: DEVELOPMENT | $10,000 |
BOYS AND GIRLS CLUB OF GREATER MILWAUKEE INC PURPOSE: DEVELOPMENT | $1,000 |
THE BUSINESS COUNCIL INC PURPOSE: DEVELOPMENT | $250 |
CHICAGO HISTORICAL SOCIETY PURPOSE: CONSERVATION | $5,000 |
DR HOWARD FULLER COLLEGIATE ACADEMY INC PURPOSE: EDUCATION | $1,000 |
ENCOMPASS EARLY EDUCATION AND CARE INC PURPOSE: EDUCATION | $500 |