Martin Z Margulies Foundation Inc
- Assets
- $48.6m
- Revenue
- $7.0m
- Investments
- $0.0
- Employees
- 0
- Location
- Key Biscayne, FL
- Founding
- 11/1981
- Data as of
- 07/2023
- EIN
- 59-2130476
Organization Overview
Martin Z Margulies Foundation Inc is located in Key Biscayne, FL. The organization was established in 1981. 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. Martin Z Margulies 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 07/2023, Martin Z Margulies Foundation Inc generated $7.0m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.7% each year. All expenses for the organization totaled $1.1m during the year ending 07/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Martin Z Margulies Foundation Inc has awarded 72 individual grants totaling $865,296. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE ORGANIZATION CONTINUALLY PROVIDES SEASONAL ART EXHIBITIONS AND EDUCATIONAL PROGRAMS FOR STUDENTS TO STUDY VISUAL ARTS AND FOR THE PUBLIC ENJOYMENT OF THE VISUAL ARTS.
THE FOUNDATION MAKES GIFTS TO OTHER CHARITABLE ORGANIZATIONS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Martin Z Margulies President | 10 | $0 | |
Katherine Hinds Secretary/di | 35 | $63,846 | |
Richard Gilmore Director | 1 | $0 | |
David Margulies Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $41,707 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $6,874,705 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $48,543 |
| Total Revenue | $6,964,955 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $63,846 |
| Other employee salaries and wages | $326,892 |
| Pension plans, employee benefits | $64,511 |
| Interest | $258 |
| Taxes | $108 |
| Depreciation | $114,843 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $85,437 |
| Printing and publications | $0 |
| Other expenses | $388,057 |
| Total operating and administrative expenses | $1,048,452 |
| Contributions, gifts, grants paid | $72,150 |
| Total expenses and disbursements | $1,120,602 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,444 |
| 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 | $4,046 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $4,588,209 |
| Other assets | $43,903,440 |
| Total assets | $48,571,139 |
| Accounts payable and accrued expenses | $240,000 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $974,624 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $29,874 |
| Total liabilities | $1,244,498 |
Grants Awarded
Over the last fiscal year, Martin Z Margulies Foundation Inc has awarded $72,150 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
FOUNDATION FOR CONTEMPORARY ARTS PURPOSE: DONATION | $2,000 |
MORGAN LIBRARY MUSEUM PURPOSE: DONATION | $1,000 |
NEW WOLRD SYMPHONY PURPOSE: DONATION | $5,000 |
NEW MUSEUM OF NEW YORK PURPOSE: DONATION | $5,000 |
REMA HORT MANN FOUNDATION PURPOSE: DONATION | $500 |
AFRICAN ENVI PURPOSE: DONATION | $1,000 |