Marcon Foundation Inc
- Assets
- $70.3k
- Revenue
- $450.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Ridgewood, NJ
- Founding
- 06/2003
- Data as of
- 12/2020
- EIN
- 57-1167051
Organization Overview
Marcon Foundation Inc is located in Ridgewood, NJ. The organization was established in 2003. 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. Marcon 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 12/2020, Marcon Foundation Inc generated $450.0k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (27.9%) each year. All expenses for the organization totaled $396.9k during the year ending 12/2020. As we would expect to see with falling revenues, expenses have declined by (19.1%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Marcon Foundation Inc has awarded 212 individual grants totaling $3,685,687. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alison Conti Executive Director/secreta | 35 | $85,000 | |
Michael C Marcon Chairman Of The Board | 5 | $0 | |
Anthony G Marcon Trustee | 0 | $0 | |
Mark C Marcon Trustee | 0 | $0 | |
Michelle G Marcon Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $450,000 |
| Interest on Savings | $5 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $450,005 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $85,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $2 |
| Taxes | $6,762 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,540 |
| Total operating and administrative expenses | $101,670 |
| Contributions, gifts, grants paid | $295,272 |
| Total expenses and disbursements | $396,942 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $70,316 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $70,316 |
| 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, Marcon Foundation Inc has awarded $295,272 in support to 40 organizations.
| Grant Recipient | Amount |
|---|---|
DOLORES KRUEGER PURPOSE: HOME REPAIRS FOR LEAKY ROOF AND RELATED MOLD | $30,000 |
GEORGE M PULLMAN FOUNDATION PURPOSE: SCHOLARSHIP | $25,000 |
STEVE HANG PURPOSE: PURCHASE OF USED CAR. WARRANTY AND INSURANCE | $18,700 |
DAVID JONES PURPOSE: VETERAN IN NEED OF ORAL SURGERY | $11,500 |
MOUNT CARMEL HIGH SCHOOL PURPOSE: TO BE USED FOR EDUCATIONAL AND CHARITABLE PURPOSES | $11,400 |
BYRON AUBREY PURPOSE: TEETH EXTRACTION SURGERY | $10,219 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S & G Foundation albany, NY | $1,180,089,159 | $294,936,683 |
Starr Foundation New York, NY | $1,351,331,495 | $187,314,215 |
Robertson Foundation New York, NY | $308,129,047 | $104,540,927 |
William Randolph Hearst Foundation New York, NY | $0 | $92,096,829 |
Foundation For A Just Society New York, NY | $0 | $262,120,919 |
Surdna Foundation Inc New York, NY | $0 | $71,392,126 |
Johnson & Johnson Foundation United States Inc New Brunswick, NJ | $130,108,063 | $92,858,448 |
Carson Fam Charitable Tr New York, NY | $302,357,968 | $144,716,166 |
Blavatnik Family Foundation 2020 New York, NY | $0 | $14,146 |
Henry Luce Foundation Inc New York, NY | $1,226,277,880 | $84,818,070 |
Paul E Singer Foundation New York, NY | $412,018,579 | $19,273,091 |
Bernard And Anne Spitzer Charitable Tr New York, NY | $0 | $17,565,686 |