J Willard And Alice S Marriott Foundation
- Assets
- $429.1m
- Revenue
- $15.5m
- Investments
- $420.3m
- Employees
- 0
- Location
- Bethesda, MD
- Founding
- 11/1966
- Data as of
- 12/2022
- EIN
- 52-6068678
Organization Overview
J Willard And Alice S Marriott Foundation is located in Bethesda, MD. The organization was established in 1966. 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. J Willard And Alice S Marriott 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 12/2022, J Willard And Alice S Marriott Foundation generated $15.5m 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 (11.8%) each year. All expenses for the organization totaled $50.2m 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 |
|---|---|---|---|
J W Marriott Jr Trustee | 2 | $0 | |
Richard E Marriott Trustee | 3 | $0 | |
David Sheets Marriott Trustee | 3 | $0 | |
Debbie Marriott Harrison Trustee | 3 | $0 | |
Julie Marriott Trustee | 3 | $0 | |
Sandra Marriott Bertha Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Harbor Investment Advisory Llc | 12/30/22 | $190,717 |
Dr Scott A Waldman | 12/30/22 | $63,000 |
Dr Timothy J Nelson | 12/30/22 | $63,000 |
Lansberg Gersick & Associates Llp | 12/30/22 | $70,861 |
Faegre Drinker Biddle & Reath Llp | 12/30/22 | $148,277 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $10,183,455 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $5,177,108 |
| Capital Gain Net Income | $5,177,108 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $171,732 |
| Total Revenue | $15,532,295 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $563,584 |
| Other employee salaries and wages | $678,432 |
| Pension plans, employee benefits | $354,302 |
| Interest | $0 |
| Taxes | $446,855 |
| Depreciation | $0 |
| Occupancy | $51,732 |
| Travel, conferences, and meetings | $35,017 |
| Printing and publications | $0 |
| Other expenses | $273,011 |
| Total operating and administrative expenses | $2,959,487 |
| Contributions, gifts, grants paid | $47,279,237 |
| Total expenses and disbursements | $50,238,724 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,814,255 |
| 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 | $1,039,017 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $20,310,320 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $25,714 |
| Total assets | $429,136,044 |
| 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 |