Marathon Petroleum Foundation Inc
- Assets
- $1.2m
- Revenue
- $161.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Findlay, OH
- Founding
- 08/2014
- Data as of
- 12/2021
- EIN
- 46-4439930
Organization Overview
Marathon Petroleum Foundation Inc is located in Findlay, OH. The organization was established in 2014. 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. Marathon Petroleum 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 12/2021, Marathon Petroleum Foundation Inc generated $161.4k 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 (61.6%) each year. All expenses for the organization totaled $12.3m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Marathon Petroleum Foundation Inc has awarded 709 individual grants totaling $19,225,114. 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 |
|---|---|---|---|
Jodi Baker Sec | 1 | $0 | |
Ray Brooks Dir | 1 | $0 | |
Greg Floerke Dir | 1 | $0 | |
Timothy T Griffith Dir | 1 | $0 | |
Tom Kaczynski Treas, Dir | 1 | $0 | |
Michael J Hennigan Dir, Chairman | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $8,364 |
| Dividends & Interest | $37,484 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $105,866 |
| Capital Gain Net Income | $105,866 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $9,729 |
| Total Revenue | $161,443 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $900 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $171,426 |
| Total operating and administrative expenses | $206,052 |
| Contributions, gifts, grants paid | $12,119,796 |
| Total expenses and disbursements | $12,325,848 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,240,962 |
| 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 | $1,240,962 |
| 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, Marathon Petroleum Foundation Inc has awarded $12,119,796 in support to 361 organizations.
| Grant Recipient | Amount |
|---|---|
UNITED SERVICE ORGANIZATIONS INC PURPOSE: USO TRANSITIONS | $300,000 |
El Paso, TX PURPOSE: EPCC YISD/RIVERSIDE: HIGH SCHOOL TO COLLEGE WELDING TRANSITION PROGRAM | $273,838 |
AMERICAN RED CROSS - SOUTHEAST LOUISIANA CHAPTER PURPOSE: HURRICANE IDA RELIEF EFFORTS | $250,000 |
CITY OF TEXAS CITY TEXAS PURPOSE: CITY OF TEXAS CITY - MEDIC UNIT | $250,000 |
Long Beach, CA PURPOSE: OPERATION PLAYGROUND AT ADMIRAL KIDD PARK | $250,000 |
OHIO STATE UNIVERSITY FOUNDATION PURPOSE: ENHANCING BIOLOGICAL AND PERSONNEL DIVERSITY | $250,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Marathon Petroleum Foundation Inc has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
The Sevan Charitable Foundation Inc Downers Grove, IL PURPOSE: CHARITABLE | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
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 |
American Electric Power Foundation Columbus, OH | $61,577,266 | $10,199,855 |
Anthem Foundation Inc Indianapolis, IN | $153,394,091 | $25,472,782 |
Wyncote Foundation Philadelphia, PA | $612,779,360 | $16,336,575 |
Dean & Barbara White Family Foundation Inc Merrillville, IN | $792,865,434 | $81,802,743 |
Wilson Sheehan Foundation Springfield, OH | $57,339,515 | $15,119,930 |