Marti Foundation
- Assets
- $16.1m
- Revenue
- $877.0k
- Investments
- $15.5m
- Employees
- 0
- Location
- Cleburne, TX
- Founding
- 04/1989
- Data as of
- 12/2022
- EIN
- 75-2265837
Organization Overview
Marti Foundation is located in Cleburne, TX. The organization was established in 1989. 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. Marti 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, Marti Foundation generated $877.0k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.1% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 7.5% 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
UNIVERSITY AND COLLEGE SCHOLARSHIPS FOR THE BENEFIT OF SPECIFIC INDIVIDUAL STUDENTS. TOTAL STUDENTS RECEIVING SCHOLARSHIP GRANTS - 431 [SEE ATTACHED SCHOLARSHIP LIST.PDF FOR DETAIL LIST OF STUDENTS RECEIVING BENEFIT OF SCHOLARSHIP GRANTS.]
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Marti President And Trustee | 20 | $0 | |
Justin Hewlett 1st VP And Trustee | 0 | $0 | |
Brandi Gregg 2nd VP And Trustee | 0 | $0 | |
Michael K Lilly Secretary And Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,000 |
| Interest on Savings | $170 |
| Dividends & Interest | $793,973 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $81,826 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $876,969 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $76,024 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $6,983 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,556 |
| Total operating and administrative expenses | $229,041 |
| Contributions, gifts, grants paid | $1,528,133 |
| Total expenses and disbursements | $1,757,174 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $187,685 |
| 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 | $287,808 |
| Other assets | $53,570 |
| Total assets | $16,062,939 |
| Accounts payable and accrued expenses | $829 |
| 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 | $11,261 |
| Total liabilities | $12,090 |
Grants Awarded
Over the last fiscal year, Marti Foundation has awarded $950,372 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIPS SEE ATTACHED SCHEDULE PURPOSE: COLLEGE EDUCATIONAL SCHOLARSHIP | $925,372 |
HILL COLLEGE PURPOSE: COLLEGE EDUCATIONAL SCHOLARSHIP | $25,000 |