Albert C & Bertha P Markstein Foundation
- Assets
- $654.8k
- Revenue
- $49.9k
- Investments
- $647.8k
- Employees
- 0
- Location
- Jackson, WY
- Founding
- 07/1992
- Data as of
- 12/2022
- EIN
- 68-0261458
Organization Overview
Albert C & Bertha P Markstein Foundation is located in Jackson, WY. The organization was established in 1992. 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 C & Bertha P Markstein 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 C & Bertha P Markstein Foundation generated $49.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (7.7%) each year. All expenses for the organization totaled $51.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Albert C & Bertha P Markstein Foundation has awarded 67 individual grants totaling $356,500. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Robert C Markstein Pres/director | 0 | $0 | |
Thomas V Bret Secretary | 0 | $0 | |
Robert C Markstein CFO | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Cederborg & Bret Llp | 12/30/19 | $0 |
Cederborg & Bret Llp | 12/30/19 | $2,926 |
Rmb Capital Management | 12/30/19 | $7,491 |
Rmb Capital Management | 12/30/19 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $256 |
| Dividends & Interest | $18,393 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $30,248 |
| Capital Gain Net Income | $30,248 |
| Net ST Capital Gain | $30,248 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $980 |
| Total Revenue | $49,877 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,420 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13 |
| Total operating and administrative expenses | $11,225 |
| Contributions, gifts, grants paid | $40,000 |
| Total expenses and disbursements | $51,225 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,593 |
| 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 | $2,387 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $4,355 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $654,817 |
| 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, Albert C & Bertha P Markstein Foundation has awarded $40,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
UCSF CHILDREN'S HOSPITAL FOUNDATION PURPOSE: GENERAL FUND | $10,000 |
WYOMING COLORADO CHILDREN'S SOCIETY PURPOSE: CHILDREN'S WELFARE | $10,000 |
WOUNDED WARRIORS PROJECT PURPOSE: GENERAL FUND | $10,000 |
TUNNEL TO TOWERS PURPOSE: GENERAL PURPOSES | $10,000 |