Martin Family Foundation
- Assets
- $10.4m
- Revenue
- $732.9k
- Investments
- $9.5m
- Employees
- 0
- Location
- Saratoga, CA
- Founding
- 04/1994
- Data as of
- 07/2024
- EIN
- 39-6584789
Organization Overview
Martin Family Foundation is located in Saratoga, CA. The organization was established in 1994. 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 07/2024, Martin Family Foundation generated $732.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $469.6k during the year ending 07/2024. As we would expect to see with falling revenues, expenses have declined by (2.9%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Martin Family Foundation has awarded 160 individual grants totaling $2,660,100. 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 |
|---|---|---|---|
Vincent L Martin Trustee | 0.25 | $0 | |
Jennifer L Martin Trustee | 0.25 | $0 | |
Karen Martin-Keller Trustee | 0.25 | $0 | |
Timothy P Martin Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $330,201 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $402,650 |
| Capital Gain Net Income | $402,650 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $732,851 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $6,174 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $276 |
| Total operating and administrative expenses | $68,055 |
| Contributions, gifts, grants paid | $401,500 |
| Total expenses and disbursements | $469,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $676,229 |
| Savings and temporary cash investments | $234,372 |
| 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 | $707,831 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $10,383,948 |
| 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, Martin Family Foundation has awarded $401,500 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
ALVERNO COLLEGE PURPOSE: UNRESTRICTED CHARITABLE GRANT | $5,000 |
AMIGOS DE GUADALUPE PURPOSE: GENERAL OPERATING GRANT | $15,000 |
COE COLLEGE PURPOSE: UNRESTRICTED CHARITABLE GRANT | $60,000 |
LAVA MAE PURPOSE: UNRESTRICTED CHARITABLE GRANT | $1,000 |
LOVELAND FOUNDATION INC PURPOSE: UNRESTRICTED CHARITABLE GRANT | $6,000 |
MILWAUKEE MUSLIM WOMEN'S COALITION PURPOSE: UNRESTRICTED CHARITABLE GRANT | $10,000 |