Martha Ellen Tye Foundation
- Assets
- $0.0
- Revenue
- $2.4m
- Investments
- $28.0m
- Employees
- 0
- Location
- Marshalltown, IA
- Founding
- 09/1976
- Data as of
- 12/2021
- EIN
- 42-1055988
Organization Overview
Martha Ellen Tye Foundation is located in Marshalltown, IA. The organization was established in 1976. 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. Martha Ellen Tye 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, Martha Ellen Tye Foundation generated $2.4m 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 (4.6%) each year. All expenses for the organization totaled $1.7m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2018, Martha Ellen Tye Foundation has awarded 224 individual grants totaling $5,843,028. 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 |
|---|---|---|---|
Matthew Fisher President | 2 | $0 | |
David Tank Vice President | 2 | $0 | |
Sharon Greer Secretary & Treasurer | 2 | $0 | |
John Hermanson Director | 2 | $0 | |
Kara O'toole Director | 2 | $0 | |
Nick O'toole Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $69,381 |
| Dividends & Interest | $1,081,049 |
| Profit on Inventory Sales | $0 |
| Other Income | $13,573 |
| Total Revenue | $2,393,678 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $122,667 |
| Pension plans, employee benefits | $29,639 |
| Depreciation | $0 |
| Occupancy | $9,720 |
| Travel, conferences, and meetings | $14,692 |
| Printing and publications | $0 |
| Total operating and administrative expenses | $476,837 |
| Contributions, gifts, grants paid | $1,269,310 |
| Total expenses and disbursements | $1,746,147 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,077 |
| Investments—mortgage loans | $0 |
| Investments—other | $28,045,596 |
| Other assets | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $419,564 |
Grants Awarded
Over the last fiscal year, Martha Ellen Tye Foundation has awarded $1,070,633 in support to 39 organizations.
| Grant Recipient | Amount |
|---|---|
ALBION MUNICIPAL LIBRARY PURPOSE: ANNUAL CONTRIBUTION | $4,950 |
BUENA VISTA UNIVERSITY MARSHALLTOWN CAMPUS PURPOSE: MARSHALLTOWN CAMPUS SCHOLARSHIPS ANNUAL CONTRIBUTION | $5,000 |
CHURCH OF THE RESURRECTION PURPOSE: ANNUAL CONTRIBUTION | $16,000 |
CHRISTIAN ASSISTANCE MINISTRY PURPOSE: ANNUAL CONTRIBUTION | $16,000 |
EXPONENT PHILANTHROPY PURPOSE: ANNUAL CONTRIBUTION | $1,000 |
FISHER GOVERNOR FOUNDATION PURPOSE: ANNUAL CONTRIBUTION | $250,000 |