T J Martell Foundation
- Assets
- $1.7m
- Revenue
- $381.0k
- Investments
- $0.0
- Employees
- 4
- Location
- Nashville, TN
- Founding
- 01/1976
- Data as of
- 12/2021
- EIN
- 51-0180178
Organization Overview
T J Martell Foundation is located in Nashville, TN. The organization was established in 1976. According to its NTEE Classification (H12) the organization is classified as: Fund Raising & Fund Distribution, under the broad grouping of Medical Research and related organizations. As of 12/2021, T J Martell Foundation employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. T J Martell 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 12/2021, T J Martell Foundation generated $381.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.0%) each year. All expenses for the organization totaled $1.0m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, T J Martell Foundation has awarded 48 individual grants totaling $8,416,978. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
RAISING FUNDS FOR CANCER RESEARCH AND TREATMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS DEDICATED TO RAISING FUNDS FOR THE INNOVATIVE INITIAL AND ONGOING RESEARCH INTO TREATMENTS AND CURES OF CANCER. TO SUPPORT THIS PROCESS, THE FOUNDATION HAS OFFERED PROGRAMS ACROSS THE COUNTRY IN THE FORM OF PRINTED MATERIALS, PSA'S AND WORKSHOPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Lynn Anne Huck Chief Executive Officer | Officer | 40 | $89,150 |
Jeffrey Harleston Chairman | OfficerTrustee | 1 | $0 |
Joel A Katz Executive Chairman | OfficerTrustee | 1 | $0 |
Tom Corson Vice Chairman | OfficerTrustee | 1 | $0 |
Scott Borchetta Vice Chairman | OfficerTrustee | 1 | $0 |
Steve Gawley Vice Chairman | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $247,709 |
| All other contributions, gifts, grants, and similar amounts not included above | $81,169 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $328,878 |
| Total Program Service Revenue | $0 |
| Investment income | $104 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | -$6,797 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $381,037 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $242,000 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $121,513 |
| Compensation of current officers, directors, key employees. | $6,076 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $97,154 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $35,784 |
| Payroll taxes | $8,933 |
| Fees for services: Management | $15,918 |
| Fees for services: Legal | $188,693 |
| Fees for services: Accounting | $143,345 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $7,500 |
| Office expenses | $166 |
| Information technology | $7,813 |
| Royalties | $0 |
| Occupancy | $14,550 |
| Travel | $9,496 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $12,674 |
| Insurance | $15,702 |
| All other expenses | $5,887 |
| Total functional expenses | $1,008,058 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,280 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $27,307 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,287 |
| Net Land, buildings, and equipment | $10,261 |
| Investments—publicly traded securities | $1,574,680 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,696,815 |
| Accounts payable and accrued expenses | $25,962 |
| Grants payable | $388,389 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $236,652 |
| Other liabilities | $0 |
| Total liabilities | $651,003 |
| Net assets without donor restrictions | $1,032,812 |
| Net assets with donor restrictions | $13,000 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $1,696,815 |
Grants Awarded
Over the last fiscal year, T J Martell Foundation has awarded $2,884,978 in support to 15 organizations.
| Grant Recipient | Amount |
|---|---|
Nashville, TN PURPOSE: VALIDATING BIOMARKERS IN PROSTATE CANCER TO PREDICT DISEASE OUTCOME. ESTABLISHING A TRANSLATIONAL RESEARCH LAB TO CONDUCT CLINICAL TRIALS. PHASE I TRANSLATIONAL WORK ON TWO NOVEL, ORAL DRUGS FOR TARGETING HOROMONE-REFRACTORY PROSTATE CANCER. | $500,000 |
Nashville, TN PURPOSE: VALIDATING BIOMARKERS IN PROSTATE CANCER TO PREDICT DISEASE OUTCOME. ESTABLISHING A TRANSLATIONAL RESEARCH LAB TO CONDUCT CLINICAL TRIALS. PHASE I TRANSLATIONAL WORK ON TWO NOVEL, ORAL DRUGS FOR TARGETING HOROMONE-REFRACTORY PROSTATE CANCER. | $500,000 |
New York, NY PURPOSE: IDENTIFYING AND STUDYING CANCER STEM CELLS IN THE BLADDER. DEVELOPING BIOMARKERS TO PREDICT PROSTATE CANCER PROGNOSIS AND IMPROVING TARGETED THERAPIES THROUGH BIOMARKERS. | $300,000 |
New York, NY PURPOSE: IDENTIFYING AND STUDYING CANCER STEM CELLS IN THE BLADDER. DEVELOPING BIOMARKERS TO PREDICT PROSTATE CANCER PROGNOSIS AND IMPROVING TARGETED THERAPIES THROUGH BIOMARKERS. | $300,000 |
Los Angeles, CA PURPOSE: INVESTIGATING CHILDHOOD MALIGNANCIES OF THE BRAIN (NEUROBLASTOMA), BLOOD (LEUKEMIA), AND THE EYE (RETINOBLASTOMA) | $250,000 |
Los Angeles, CA PURPOSE: INVESTIGATING CHILDHOOD MALIGNANCIES OF THE BRAIN (NEUROBLASTOMA), BLOOD (LEUKEMIA), AND THE EYE (RETINOBLASTOMA) | $234,978 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that T J Martell Foundation has recieved totaling $10,000.
| Awarding Organization | Amount |
|---|---|
Phoenix Legacy Tr Needham, MA PURPOSE: BEST USE OF FOUNDATION | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Research Triangle Foundation Of North Carolina Research Triangle Park, NC | $210,917,305 | $40,089,804 |
Pkd Foundation Kansas City, MO | $20,909,832 | $16,124,449 |
Nashville Wine Auction Nashville, TN | $1,455,016 | $3,050,154 |
Head For The Cure Kansas City, MO | $719,180 | $1,965,362 |
Levelup Kids Inc Kansas City, MO | $1,600,938 | $1,601,663 |
Regenmed Development Organization Winstonsalem, NC | $1,918,667 | $1,082,279 |
T J Martell Foundation Nashville, TN | $1,696,815 | $381,037 |
Fore Batten Foundation Chapel Hill, NC | $1,880,374 | $1,570,342 |
Isakson Initiative Inc Atlanta, GA | $1,622,312 | $1,140,837 |
St Louis Life Sciences Project St Louis, MO | $288,211 | $470,000 |
Paula Takacs Foundation For Sarcoma Research Weddington, NC | $577,201 | $617,474 |
Jordan Hays Foundation Truesdale, MO | $3,053 | $333,705 |