Michael J Marks Foundation
- Assets
- $5.5m
- Revenue
- $5.0m
- Investments
- $3.5m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 05/2008
- Data as of
- 12/2022
- EIN
- 71-1023900
Organization Overview
Michael J Marks Foundation is located in Honolulu, HI. The organization was established in 2008. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Michael J Marks 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, Michael J Marks Foundation generated $5.0m in total revenue. All expenses for the organization totaled $161.0k during the year ending 12/2022. While expenses have increased by 28.1% per year over the past 7 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 2016, Michael J Marks Foundation has awarded 82 individual grants totaling $414,725. 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 |
|---|---|---|---|
Charles W Loomis President/director | 0 | $0 | |
E Gunner Schull Vp/secretary/treasurer/director | 0 | $0 | |
Susan Roberts Vice President/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $568 |
| Dividends & Interest | $115,233 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $4,759,352 |
| Capital Gain Net Income | $4,759,352 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $81,562 |
| Total Revenue | $4,956,715 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $240 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $18,249 |
| Total operating and administrative expenses | $20,478 |
| Contributions, gifts, grants paid | $140,500 |
| Total expenses and disbursements | $160,978 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,285,581 |
| 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 | $3,495,498 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $733,937 |
| Total assets | $5,515,016 |
| 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, Michael J Marks Foundation has awarded $140,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
BURTON MEMORIAL UMC PURPOSE: CONTRIBUTION/SUPPORT | $5,000 |
ACLU HAWAII PURPOSE: CONTRIBUTION/SUPPORT | $2,500 |
FRIENDS OF HONOLULU BOTANICAL PURPOSE: CONTRIBUTION/SUPPORT | $2,500 |
FAMILY PROMISE HAWAII PURPOSE: CONTRIBUTION/SUPPORT | $2,500 |
FRIENDS OF LYON ARBORETUM PURPOSE: CONTRIBUTION/SUPPORT | $2,500 |
HUGS PURPOSE: CONTRIBUTION/SUPPORT | $12,500 |