Richard E And Nancy P Marriott Foundation Inc
- Assets
- $57.2m
- Revenue
- $15.3m
- Investments
- $50.2m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 01/1996
- Data as of
- 12/2022
- EIN
- 52-1953832
Organization Overview
Richard E And Nancy P Marriott Foundation Inc is located in Bethesda, MD. The organization was established in 1996. 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. Richard E And Nancy P Marriott 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, Richard E And Nancy P Marriott Foundation Inc generated $15.3m in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $4.9m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard E Marriott President & Director | 0.1 | $0 | |
Nancy P Marriott Director | 0.1 | $0 | |
Ralph W Hardy Jr Director | 0.1 | $0 | |
Nancie Lynch Exec Dir/treasurer/secretary | 15 | $129,281 | |
Jim Poulos Assistant Treasurer | 0.8 | $7,699 | |
Tom Digenno Sr Prgm Dir/asst Sec | 16 | $62,275 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $5,005,415 |
| Interest on Savings | $216,305 |
| Dividends & Interest | $1,179,372 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $8,894,623 |
| Capital Gain Net Income | $8,894,623 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $35,094 |
| Total Revenue | $15,330,809 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $136,980 |
| Other employee salaries and wages | $191,344 |
| Pension plans, employee benefits | $88,433 |
| Interest | $35 |
| Taxes | $63,903 |
| Depreciation | $0 |
| Occupancy | $10,941 |
| Travel, conferences, and meetings | $1,777 |
| Printing and publications | $0 |
| Other expenses | $148,700 |
| Total operating and administrative expenses | $761,293 |
| Contributions, gifts, grants paid | $4,096,000 |
| Total expenses and disbursements | $4,857,293 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,510,898 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $89,559 |
| 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 | $44,138,317 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $350,000 |
| Total assets | $57,185,288 |
| 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 |