Glenn Markman Foundation Inc
- Assets
- $363.3k
- Revenue
- $171.9k
- Investments
- $231.1k
- Employees
- 0
- Location
- Brooklyn, NY
- Founding
- 06/2016
- Data as of
- 12/2021
- EIN
- 81-1148295
Organization Overview
Glenn Markman Foundation Inc is located in Brooklyn, NY. The organization was established in 2016. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Glenn Markman Foundation Inc 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, Glenn Markman Foundation Inc generated $171.9k in total revenue. The organization has seen a slow decline revenue. Over the past 6 years, revenues have fallen by an average of (2.5%) each year. All expenses for the organization totaled $90.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
MISSION IS TO PROVIDE EDUCATION THROUGH SPORTS TO DISADVANTAGED YOUTHS
Describe the Organization's Program Activity:
Part 3 - Line 4a
BROOKLYN YOUTH SPORTS CLUB - TO PROVIDE EDUCATIONAL SETTING FOR DISADVANTAGED YOUTHS USING ATHLETICS
BROOKLYN YOUTH SPORTS CLUB - TO ENHANCE EDUCATION FOR DISADVANTAGED YOUTH THROUGH SPORTSTHE DOORS- TO EMPOWER YOUNG PEOPLE TO REACH THEIR POTENTIAL BY PROVIDING A DIVERSE AND CARING ENVIRONMENTDREAM CHARTER SCHOOL-TO ENHANCE YOUTH WITH OPPORTUNITIES TO PLAY, LEARN AND GROW THROUGH SPORTSJCH OF BENSONHURT-TO OFFER PROGRAMS AND SERVICES TO IMMIGRANTS, CHILDREN IN THE COMMUNITYURBAN SPORTS PARTNERSHIP- TO ENHANCE EDUCATION THROUGH THE ARTS AND SPORTSMOSAIC MENTAL HEALTH- TO SERVE FAMILIES AND INDIVIDUAL WITH MENTAL CONDITIONS TO IMPROVE THEIR LIVING CONDITIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Stacey Panagakis Director | OfficerTrustee | 10 | $0 |
Jan Testori-Markman Director | OfficerTrustee | 15 | $0 |
Raymond Iwanowski Director | Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $122,061 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $122,061 |
| Total Program Service Revenue | $0 |
| Investment income | $7,021 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $42,791 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $171,873 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $86,154 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $90,885 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $132,278 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $231,067 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $363,345 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $363,345 |
| Total liabilities and net assets/fund balances | $363,345 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Glenn Markman Foundation Inc has recieved totaling $27,000.
| Awarding Organization | Amount |
|---|---|
Jfm Foundation Inc New York, NY PURPOSE: GENERAL CONTRIBUTION | $25,000 |
H William Lurton Foundation Long Lake, MN PURPOSE: GENERAL | $2,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery County Community Action Development Commission Norristown, PA | $3,474,447 | $9,701,447 |
Unique Life Inc Bronx, NY | $6,794,767 | $10,711,287 |
Vertex Foundation Inc Boston, MA | $5,076,822 | $15,007,934 |
Liberty Lutheran Services Ambler, PA | $87,780,400 | $9,720,613 |
Rogerson Communities Boston, MA | $47,463,639 | $10,337,482 |
St Boniface Haiti Foundation Inc Newton, MA | $12,232,493 | $9,069,662 |
Albany County Opportunity Incorporated Albany, NY | $9,044,384 | $9,921,411 |
Community Action Partnership Of Mercer County Sharon, PA | $4,458,318 | $9,067,066 |
Doctors Of The World-Usa Inc New York, NY | $5,138,998 | $8,908,023 |
United Food And Commercial Workers International Union Oriskany, NY | $2,992,541 | $8,981,591 |
Wayne County Action Program Inc Lyons, NY | $3,537,821 | $9,071,492 |
North East Kingdom Community Action Inc Newport, VT | $4,712,717 | $8,659,895 |