Mars Family Foundation Inc
- Assets
- $3.2m
- Revenue
- $1.6m
- Investments
- $3.0m
- Employees
- 0
- Location
- Franklin, WI
- Founding
- 01/2017
- Data as of
- 12/2021
- EIN
- 47-2723514
Organization Overview
Mars Family Foundation Inc is located in Franklin, WI. The organization was established in 2017. 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. Mars 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 12/2021, Mars Family Foundation Inc generated $1.6m in total revenue. All expenses for the organization totaled $178.0k during the year ending 12/2021. While expenses have increased by 22.5% per year over the past 5 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 2017, Mars Family Foundation Inc has awarded 28 individual grants totaling $421,294. 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 |
|---|---|---|---|
Sean Mars President/treasurer | 0.3 | $0 | |
Brandi Mars Vice President | 0.1 | $0 | |
Dennis Axelson Secretary | 0.1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,311,436 |
| Interest on Savings | $1 |
| Dividends & Interest | $41,956 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $264,569 |
| Capital Gain Net Income | $264,569 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,617,962 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $255 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $22,744 |
| Contributions, gifts, grants paid | $155,296 |
| Total expenses and disbursements | $178,040 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $225,671 |
| 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 | $18,750 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,195,603 |
| 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, Mars Family Foundation Inc has awarded $155,296 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
West Bend, WI PURPOSE: SCHOOL EXPANSION | $50,000 |
Watertown, WI PURPOSE: 1 YEAR SUPPORT FOR A FAMILY SPONSORSHIP AND A PART TIME EMPLOYEE | $24,560 |
ROBYN'S NEST-CHILDREN'S WISCONSIN PURPOSE: CHRISTMAS GIFTS | $12,853 |
Milwaukee, WI PURPOSE: 1 YEAR OF SUPPORT FOR SALVATION ARMY SPACE | $12,000 |
Hales Corners, WI PURPOSE: SPECIAL NEEDS MINISTRY - BUDDY BREAK | $12,000 |
WISCONSIN LUTHERAN HIGH SCHOOL PURPOSE: NHS WALKATHON, TUITION ASSISTANCE | $11,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Otto Bremer Trust St Paul, MN | $1,543,197,073 | $135,875,116 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
The Richard M Schulze Family Foundation Minneapolis, MN | $250,424,427 | $45,882,285 |
Fred C And Katherine B Andersen Foundation Bayport, MN | $1,210,701,778 | $63,445,932 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |
The Meijer Foundation Grand Rapids, MI | $118,103,895 | $43,970,388 |