Marous Family Charities
- Assets
- $75.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Willoughby, OH
- Founding
- 12/2013
- Data as of
- 12/2021
- EIN
- 45-3576379
Organization Overview
Marous Family Charities is located in Willoughby, OH. The organization was established in 2013. 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. Marous Family Charities 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, Marous Family Charities generated $150.0k in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 47.2% each year . All expenses for the organization totaled $171.5k during the year ending 12/2021. While expenses have increased by 41.1% per year over the past 7 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.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
AS DESCRIBED IN FORM 1023 APPLICATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Adelbert P Marous Jr Trustee | 0 | $0 | |
Kenneth J Marous Trustee | 0 | $0 | |
Scott P Marous Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $150,000 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $7 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $150,007 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $625 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $171,526 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $75,668 |
| Other assets | $0 |
| Total assets | $75,668 |
| Total liabilities | $0 |
| Net assets or fund balances | $75,668 |
Grants Awarded
Over the last fiscal year, Marous Family Charities has awarded $105,580 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
FAMICOS FOUNDATION | | | $50,000 |
SALVATION ARMY OF GREATER CLEVELAND | | | $15,000 |
DETROIT SHOREWAY COMMUNITY DEVELOPMENT | | | $15,000 |
AMERICAN CAMPUS CHARITY FOUNDATION | | | $11,100 |
UNIVERSITY CIRCLE INC | | | $9,480 |
UNITED WAY OF LAKE COUNTY | | | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
George Gund Foundation Cleveland, OH | $524,945,754 | $120,923,136 |
Oberkotter Foundation Philadelphia, PA | $83,021,123 | $23,009,013 |
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Pnc Foundation Pittsburgh, PA | $218,373,148 | $3,451,991 |
Sarah Scaife Foundation Inc Pittsburgh, PA | $645,014,499 | $79,121,296 |
J Howard Pew Freedom Tr Philadelphia, PA | $675,828,558 | $64,346,772 |
Mccune Foundation Pittsburgh, PA | $180,488,577 | $38,182,239 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |
Nationwide Foundation Columbus, OH | $86,187,581 | $42,470,606 |
Dietrich Foundation Pittsburgh, PA | $1,425,693,584 | $93,476,192 |
Ford Motor Co Fund Dearborn, MI | $173,752,828 | $51,364,996 |
Farmer Family Foundation Cincinnati, OH | $165,004,074 | $63,392,827 |