Albert Jay Martin Family Foundation

Organization Overview

Albert Jay Martin Family Foundation is located in Collierville, TN. The organization was established in 1999. 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. Albert Jay Martin Family 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, Albert Jay Martin Family Foundation generated $3.0m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.6% each year . All expenses for the organization totaled $2.3m during the year ending 12/2022. While expenses have increased by 6.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Since 2014, Albert Jay Martin Family Foundation has awarded 239 individual grants totaling $15,850,804. 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.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

NONE


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,250,410
Interest on Savings $4,586
Dividends & Interest $98,325
Net Rental Income$0
Net Gain on Sale of Assets $1,679,187
Capital Gain Net Income $1,679,187
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $3,032,508

Grants Awarded

Over the last fiscal year, Albert Jay Martin Family Foundation has awarded $2,165,868 in support to 22 organizations.

Grant RecipientAmount

A STEP AHEAD FOUNDATION

PURPOSE: TO SUPPORT THE OPERATIONS OF A STEP AHEAD FOUNDATION

$50,000

ALBERT & JESSIE D MARTIN SCHOLARSHIP FUND

PURPOSE: TO SUPPORT THE OPERATIONS OF ALBERT & JESSIE D. MARTIN SCHOLARSHIP FUND

$38,368

BOONVILLE UNITED METHODIST CHURCH

PURPOSE: TO SUPPORT THE OPERATIONS OF BOONVILLE UNITED METHODIST CHURCH

$7,500

BRIDGES USA

PURPOSE: TO SUPPORT THE OPERATIONS OF BRIDGES USA

$15,000

BOYS AND GIRLS CLUB OF MEMPHIS

PURPOSE: TO SUPPORT THE OPERATIONS OF THE BOYS AND GIRLS CLUB OF MEMPHIS

$500,000

CALVARY RESCUE MISSION

PURPOSE: TO SUPPORT THE OPERATIONS OF CALVARY RESCUE MISSION

$10,000
View Grant Profile

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