Wilbur Marvin Foundation
- Assets
- $117.3m
- Revenue
- -$1.0m
- Investments
- $52.5m
- Employees
- 0
- Location
- Baton Rouge, LA
- Founding
- 12/1992
- Data as of
- 12/2021
- EIN
- 58-2019715
Organization Overview
Wilbur Marvin Foundation is located in Baton Rouge, LA. The organization was established in 1992. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Wilbur Marvin Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
FUNDING TAX EXEMPT ORGS. WHICH ARE OPERATED TO SUPPORT CHARITABLE, SCIENTIFIC, LITERARY OR EDUCATIONAL ACTIVITIES THAT WILL EFFECTIVELTY PROMOTE THE WELL-BEING OF MAN-KIND.
Describe the Organization's Program Activity:
THE ORGANIZATION HAS ACHIEVED ITS EXEMPT PURPOSE BY DISTRIBUTING FUNDS TO VARIOUS CHARITABLE, CULTURAL, RELIGIOUS, EDUCATIONAL, AND CIVIC ORGANIZATIONS. THE ORGANIZATION ALSO SUPPORTS BATON ROUGE AREA FOUNDATION BY FACILITATING MISSION-RELATED REAL ESTATE PROJECTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John G Davies President/chairman | OfficerTrustee | 5 | $0 |
Kevin P Reilly Jr Vice President/director | OfficerTrustee | 5 | $0 |
Christel C Slaughter Secretary/vp/director | OfficerTrustee | 5 | $0 |
Andrew Ty Mcmains Assistant Secretary | Officer | 5 | $0 |
Charles Valluzzo Audit Comm Chair/director | Trustee | 5 | $0 |
Kevin Lyle Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | -$543,950 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | -$360,659 |
| Net Gain/Loss on Asset Sales | -$598,631 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | -$1,003,490 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $116,180 |
| Fees for services: Legal | $1,200,000 |
| Fees for services: Accounting | $173,309 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $11,338 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $16,736 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $922,092 |
| Insurance | $5,913 |
| All other expenses | $0 |
| Total functional expenses | $2,450,047 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,081 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| 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 | $1,008 |
| Net Land, buildings, and equipment | $4,400,893 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $52,450,144 |
| Investments—program-related | $54,342,564 |
| Intangible assets | $19,971 |
| Other assets | $6,100,842 |
| Total assets | $117,329,503 |
| Accounts payable and accrued expenses | $9,864,482 |
| Grants payable | $0 |
| 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 | $848,911 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $38,996,975 |
| Total liabilities | $49,710,368 |
| Net assets without donor restrictions | $67,619,135 |
| Net assets with donor restrictions | $0 |
| 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 | $117,329,503 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Nancy Ann Hunt Foundation Dallas, TX | $31,623,544 | $3,101,295 |
Don & Sybil Harrington Foundation Amarillo, TX | $137,610,156 | $21,691,315 |
John G Kenedy Jr Charitable Trust San Antonio, TX | $156,709,366 | $16,142,301 |
Bnsf Foundation Fort Worth, TX | $5,580,534 | $10,145,505 |
Walter S & Evan C Jones Trust Bank Iv Kansas Na Ttee Dallas, TX | $63,158,301 | $11,519,606 |
Thomas M & Helen Mckee & John P Ryan Foundation Inc Fort Worth, TX | $135,188,288 | $6,250,331 |
Charles G Woodward Tr Uw Dallas, TX | $129,576,152 | $18,439,245 |
John G Kenedy Jr Charitable Tr -Surface Estate Tr San Antonio, TX | $47,111,872 | $10,559,440 |
Mccombs Enterprises Flexible Benefit Cafeteria Plan & Trust San Antonio, TX | $5,330,904 | $6,919,349 |
David M Crowley Foundation Dallas, TX | $161,428,863 | $16,560,741 |
El Rosario Charitable Trust Brownsville, TX | $1,099,454 | $4,709,069 |
Mark Cuban Foundation Dallas, TX | $5,850,993 | $574,469 |