Marcom Institute is located in Merced, CA. The organization was established in 2019. According to its NTEE Classification (B90) the organization is classified as: Educational Services, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marcom Institute 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, Marcom Institute generated $47.2k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (5.0%) each year. All expenses for the organization totaled $43.2k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (1.1%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
PROVIDE TRAINING AND EDUCATIONAL OPPORTUNITIES TO LOCAL BUSINESSES, ORGANIZAIONS, AND INDIVIDUALS.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Daniel Sabzehzar CEO | 4 | $12,500 | |
Christopher Bernal Cfo/secretary | 4 | $4,000 |
Statement of Revenue | |
---|---|
Total Revenue from Contributions, Gifts, Grants & Similar | $47,215 |
Total Program Service Revenue | $0 |
Membership dues | $0 |
Investment income | $0 |
Gain or Loss | $0 |
Net Income from Gaming & Fundraising | $0 |
Other Revenue | $0 |
Total Revenue | $47,215 |
Statement of Expenses | |
---|---|
Grants and similar amounts paid | $0 |
Benefits paid to or for members | $0 |
Salaries, other compensation, and employee benefits | $25,225 |
Professional fees and other payments to independent contractors | $4,000 |
Occupancy, rent, utilities, and maintenance | $6,632 |
Printing, publications, postage, and shipping | $0 |
Other expenses | $7,358 |
Total expenses | $43,215 |
Balance Sheet | |
---|---|
Cash, savings, and investments | $47,992 |
Other assets | $0 |
Total assets | $48,132 |
Total liabilities | $0 |
Net assets or fund balances | $48,132 |
Over the last fiscal year, we have identified 1 grants that Marcom Institute has recieved totaling $5,000.
Awarding Organization | Amount |
---|---|
United Way Of Merced County Inc Merced, CA PURPOSE: COVID-19 Stabilization Grant | $5,000 |
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