H Gordon Martin Foundation Tr
- Assets
- $563.3k
- Revenue
- $45.3k
- Investments
- $555.1k
- Employees
- 0
- Location
- Union, KY
- Founding
- 08/1987
- Data as of
- 12/2023
- EIN
- 61-6160021
Organization Overview
H Gordon Martin Foundation Tr is located in Union, KY. The organization was established in 1987. 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. H Gordon Martin Foundation Tr 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 12/2023, H Gordon Martin Foundation Tr generated $45.3k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (2.7%) each year. All expenses for the organization totaled $46.5k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, H Gordon Martin Foundation Tr has awarded 158 individual grants totaling $364,160. 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
NO ACTIVITIES OTHER THAN CONTRIBUTIONS LISTED IN PART XV OF THIS RETURN
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Martin Trustee | 0 | $0 | |
Stephen Martin Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $41,875 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $3,441 |
| Capital Gain Net Income | $3,441 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $45,316 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $571 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $2,130 |
| Total operating and administrative expenses | $4,201 |
| Contributions, gifts, grants paid | $42,250 |
| Total expenses and disbursements | $46,451 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $8,171 |
| 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 | $563,306 |
| 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, H Gordon Martin Foundation Tr has awarded $42,250 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
BOONE COUNTY HIGH SCHOOL PURPOSE: CHARITABLE | $1,500 |
CROHN'S & CALITIS FOUNDATION PURPOSE: CHARITABLE | $5,000 |
FREESTORE FOODBANK PURPOSE: CHARITABLE | $4,000 |
GO PANTRY PURPOSE: CHARITABLE | $2,250 |
RC DURR YMCA PURPOSE: CHARITABLE | $3,000 |
STEPHAN & MARISSA MITCHELL SCHWAB CHARITABLE DAF PURPOSE: CHARITABLE | $20,000 |