Marky G Foundation
- Assets
- $228.3k
- Revenue
- $22.0k
- Investments
- $209.8k
- Employees
- 0
- Location
- Chelmsford, MA
- Founding
- 01/2017
- Data as of
- 12/2021
- EIN
- 81-1264948
Organization Overview
Marky G Foundation is located in Chelmsford, MA. The organization was established in 2017. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Marky G 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, Marky G Foundation generated $22.0k in total revenue. This represents relatively stable growth, over the past 3 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $13.6k during the year ending 12/2021. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION PROMOTES AND CARRIES OUT FUNDRAISING AND EDUCATION ACTIVITIES, AND ANY OTHER ACTIVITIES IN FURTHERANCE THEREOF IN CONNECTION WITH PSYCHIATRIC AND/OR DRUG USE DISORDER, ITS PUBLIC AWARENESS, PREVENTION AND TREATMENT.THE FOUNDATION PROVIDES GRANTS AND SCHOLARSHIPS TO INDIVIDUALS SUFFERING FROM ADDICTION AS WELL AS THOSE INDIVIDUALS SEEKING HIGHER EDUCATION IN ADDICTION AND REHABILITATION STUDIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ryan H Gillis Clerk And Director | 2 | $0 | |
Arlene M Gillis Treasurer And Director | 2 | $0 | |
Kevin A Gillis President And Director | 2 | $0 | |
Krystal E Gillis Director | 2 | $0 | |
Scott H Gillis Director | 2 | $0 | |
Lindsay M Gillis Director | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,923 |
| Interest on Savings | $0 |
| Dividends & Interest | $3,649 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $16,444 |
| Capital Gain Net Income | $16,444 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $22,016 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $96 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $257 |
| Total operating and administrative expenses | $353 |
| Contributions, gifts, grants paid | $13,294 |
| Total expenses and disbursements | $13,647 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $18,469 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $228,251 |
| 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, Marky G Foundation has awarded $13,294 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SCHOLARSHIPS PURPOSE: SCHOLARSHIP | $12,294 |
Billerica, MA PURPOSE: GENERAL SUPPORT | $600 |
New York, NY PURPOSE: GENERAL SUPPORT | $300 |
LOWELL HOUSE INC PURPOSE: COVID | $100 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Tr Ua 06162003 New York, NY | $24,153,189 | $17,543,623 |
Price Family Foundation Inc New York, NY | $4,922,654 | $6,599,359 |
Hunt Street Fund Inc Needham, MA | $102,244,956 | $9,516,120 |
Virginia B Toulmin Charitable Foundation Iii 20-102080246164 New York, NY | $0 | $3,507,979 |
Thomas W Haas Foundation Greenland, NH | $135,774,612 | $23,898,654 |
Margaret A Nagel Tr Uw Art 2 Jericho, NY | $960,283 | $58,879 |
James L Vincent Foundation Boston, MA | $11,098,257 | $1,513,039 |
Lavelle Fund For The Blind Inc New York, NY | $163,250,000 | $53,286,253 |
Robert F & Mary P Hastings Foundation Inc East Amherst, NY | $201,145 | $300,300 |
Chesed Foundation Of America New York, NY | $261,423,843 | $7,176,271 |
Belvedere Charitable Foundation New York, NY | $6,000,444 | $12,756,802 |
The Grossman Family Foundation Cos Cob, CT | $140,113,231 | $7,972,359 |