Marvin Family Foundation
- Assets
- $2.4m
- Revenue
- $151.6k
- Investments
- $2.4m
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 04/2002
- Data as of
- 11/2023
- EIN
- 51-0406433
Organization Overview
Marvin Family Foundation is located in Wilmington, DE. The organization was established in 2002. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Marvin Family 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 11/2023, Marvin Family Foundation generated $151.6k in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 13.0% each year . All expenses for the organization totaled $155.7k during the year ending 11/2023. While expenses have increased by 6.2% 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 2014, Marvin Family Foundation has awarded 190 individual grants totaling $654,900. 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 |
|---|---|---|---|
Todd D Marvin President | 0 | $0 | |
Stephen D Marvin Vice-President | 0 | $0 | |
Brian D Marvin Director/secretary/treasur | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $31,848 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $119,715 |
| Capital Gain Net Income | $119,715 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $151,563 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $38,686 |
| Total operating and administrative expenses | $38,686 |
| Contributions, gifts, grants paid | $117,000 |
| Total expenses and disbursements | $155,686 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $21,261 |
| 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 | $2,397,753 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $2,419,014 |
| 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, Marvin Family Foundation has awarded $117,000 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
BEAU BIDEN FOUNDATION PURPOSE: THE BEAU BIDEN FOUNDATION FOR THE PROTECTION OF CHILDREN WAS CREATED TO HONOR THE LIFE OF JOSEPH R. "BEAU" BIDEN, III, AND TO CONTINUE HIS LIFE'S WORK: ENSURING THAT ALL CHILDREN ARE FREE FROM THE THREAT OF ABUSE. | $500 |
BISHOP'S SCHOOL PURPOSE: TO OFFER THE HIGHEST QUALITY EDUCATION TO A DIVERSE STUDENT BODY AND TO FOSTER INTEGRITY, IMAGINATION, MORAL RESPONSIBILITY AND COMMITMENT TO SERVE THE LARGER COMMUNITY. | $15,000 |
CANCER SUPPORT COMMUNITY PURPOSE: PROVIDE CANCER SUPPORT, EDUCATION AND HOPE | $4,000 |
FOOD BANK OF DELAWARE PURPOSE: ALLEVIATE HUNGER IN DELAWARE | $8,000 |
FISHER TRANSITIONAL SERVICES PURPOSE: PROVIDE SUPPORT SERVICES TO YOUNG ADULTS FOR AT RISK YOUTHS | $3,000 |
FAITHFUL FRIENDS PURPOSE: PROVIDES PROTECTION AND CARE OF ANIMALS | $3,000 |