Michael J Marks Foundation
- Assets
- $2.8m
- Revenue
- $198.5k
- Investments
- $1.1m
- Employees
- 0
- Location
- Honolulu, HI
- Founding
- 05/2008
- Data as of
- 12/2021
- 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 12/2021, Michael J Marks Foundation generated $198.5k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (25.4%) each year. All expenses for the organization totaled $179.8k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Michael J Marks Foundation has awarded 52 individual grants totaling $268,225. 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 |
|---|---|---|---|
E Gunner Schull Vp/secretary/treasurer/director | 0 | $0 | |
Charles W Loomis President/director | 0 | $0 | |
Susan Roberts Vice President/director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $260 |
| Dividends & Interest | $45,280 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $47,265 |
| Capital Gain Net Income | $47,265 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $105,656 |
| Total Revenue | $198,461 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $737 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $13,751 |
| Total operating and administrative expenses | $18,246 |
| Contributions, gifts, grants paid | $161,525 |
| Total expenses and disbursements | $179,771 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $36,103 |
| 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 | $1,135,862 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,623,084 |
| Total assets | $2,795,049 |
| 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 $161,525 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
Honolulu, HI PURPOSE: CONTRIBUTION/SUPPORT | $35,000 |
Honolulu, HI PURPOSE: CONTRIBUTION/SUPPORT | $12,500 |
JEWISH COMM CENTER PURPOSE: CONTRIBUTION/SUPPORT | $10,000 |
Honolulu, HI PURPOSE: CONTRIBUTION/SUPPORT | $10,000 |
FRIENDS OF LYON ARBORETUM PURPOSE: CONTRIBUTION/SUPPORT | $10,000 |
HUGS PURPOSE: CONTRIBUTION/SUPPORT | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The California Wellness Foundation Los Angeles, CA | $1,249,668,748 | $96,883,603 |
Visa Foundation San Francisco, CA | $452,119,857 | $75,228,376 |
Pisces Foundation San Francisco, CA | $36,685,219 | $40,456,155 |
The Leonard And Sophie Davis Fund San Francisco, CA | $227,558,478 | $35,284,803 |
Ray And Dagmar Dolby Family Fund San Francisco, CA | $0 | $8,022,175 |
Kalmanovitz Charitable Foundation Mill Valley, CA | $9,993,294 | $9,957,898 |
Fenwick Community Fund Mountain View, CA | $8,526,987 | $12,836,931 |
Colburn Music Fund Los Angeles, CA | $0 | $7,150,369 |
Marks Family Foundation Redwood City, CA | $49,983,289 | $16,693,138 |
Herbalife Nutrtion Foundation Los Angeles, CA | $22,239,401 | $8,092,128 |
Kla-Tencor Foundation Milpitas, CA | $26,702,881 | $5,233,772 |
Walter J & Betty C Zable Foundation San Diego, CA | $89,922,595 | $8,940,204 |