Marxe Family Foundation Inc
- Assets
- $23.5m
- Revenue
- $716.2k
- Investments
- $17.6m
- Employees
- 0
- Location
- New York, NY
- Founding
- 08/2014
- Data as of
- 12/2022
- EIN
- 46-5603465
Organization Overview
Marxe Family Foundation Inc is located in New York, NY. The organization was established in 2014. According to its NTEE Classification (W99) the organization is classified as: Public & Societal Benefit N.E.C., under the broad grouping of Public & Societal Benefit and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marxe Family 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 12/2022, Marxe Family Foundation Inc generated $716.2k 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 (26.8%) each year. All expenses for the organization totaled $97.5k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (17.8%) per year over the past 5 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Marxe Family Foundation Inc has awarded 49 individual grants totaling $4,937,436. 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 |
|---|---|---|---|
Austin W Marxe Director/treasurer/secretary | 10 | $0 | |
Dianne Marxe Director/president | 1 | $0 | |
Hope Marxe Director/vice President | 1 | $0 | |
Rachel Marxe Fain Director/vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,000 |
| Interest on Savings | $58,406 |
| Dividends & Interest | $696,682 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$53,920 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $716,168 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $12,870 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $32,994 |
| Total operating and administrative expenses | $97,488 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $97,488 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,906,107 |
| Savings and temporary cash investments | $0 |
| 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 | $343,689 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $23,528,972 |
| 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, Marxe Family Foundation Inc has awarded $17,000 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
THE BARUCH COLLEGE FUND PURPOSE: GENERAL PURPOSE | $10,000 |
THE PEOPLES CHOICE FOUNDATION PURPOSE: GENERAL PURPOSE | $5,000 |
NEW YORK CIVIL LIBERTIES UNION FOUNDATION PURPOSE: GENERAL PURPOSE | $2,000 |