The@marksewing Family Foundation
- Assets
- $1.1k
- Revenue
- $48.7k
- Investments
- $0.0
- Employees
- 0
- Location
- Akron, OH
- Founding
- 10/2002
- Data as of
- 12/2023
- EIN
- 42-1531769
Organization Overview
The@marksewing Family Foundation is located in Akron, OH. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. The@marksewing 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 12/2023, The@marksewing Family Foundation generated $48.7k in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 15.7% each year . All expenses for the organization totaled $54.1k during the year ending 12/2023. While expenses have increased by 20.7% 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.
Since 2015, The@marksewing Family Foundation has awarded 159 individual grants totaling $207,756. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Steven L Marks Trustee | 1 | $0 | |
Jeannine Marks Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $48,445 |
| Interest on Savings | $14 |
| Dividends & Interest | $338 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$109 |
| Capital Gain Net Income | $5,491 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $48,688 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $225 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,125 |
| Contributions, gifts, grants paid | $52,968 |
| Total expenses and disbursements | $54,093 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $639 |
| Savings and temporary cash investments | $467 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,106 |
| 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, The@marksewing Family Foundation has awarded $52,968 in support to 27 organizations.
| Grant Recipient | Amount |
|---|---|
LISBETH FUND AT AFC PURPOSE: SUPPORT CHARITABLE PURPOSE OF ORGANIZATION | $5,000 |
LIGHTS OF HOPE ACROSS AMERICA PURPOSE: SUPPORT CHARITABLE PURPOSE OF ORGANIZATION | $500 |
HUMANE SOCIETY OF SUMMIT COUNTY PURPOSE: SUPPORT CHARITABLE PURPOSE OF ORGANIZATION | $500 |
GIRLS ON THE RUN PURPOSE: SUPPORT CHARITABLE PURPOSE OF ORGANIZATION | $750 |
CUYAHOGA VALLEY PRESERVATION PURPOSE: SUPPORT CHARITABLE PURPOSE OF ORGANIZATION | $1,000 |
CURATED STOREFRONT PURPOSE: SUPPORT CHARITABLE PURPOSE OF ORGANIZATION | $5,000 |