Ernst And Wilma Martens Foundation
- Assets
- $1.8m
- Revenue
- $77.8k
- Investments
- $1.8m
- Employees
- 0
- Location
- Basalt, CO
- Founding
- 01/1996
- Data as of
- 12/2022
- EIN
- 84-1323791
Organization Overview
Ernst And Wilma Martens Foundation is located in Basalt, CO. The organization was established in 1996. 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. Ernst And Wilma Martens 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, Ernst And Wilma Martens Foundation generated $77.8k in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $135.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Ernst And Wilma Martens Foundation has awarded 268 individual grants totaling $791,000. 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 |
|---|---|---|---|
Michael Mcvoy President | 9 | $40,000 | |
Michael Brimm Vice President | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $57,191 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $20,625 |
| Capital Gain Net Income | $20,625 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $77,816 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $40,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,623 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $636 |
| Total operating and administrative expenses | $47,914 |
| Contributions, gifts, grants paid | $87,500 |
| Total expenses and disbursements | $135,414 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,999 |
| 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 | $1,827,220 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $1,847,219 |
| 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 | $2,902 |
| Total liabilities | $2,902 |
Grants Awarded
Over the last fiscal year, Ernst And Wilma Martens Foundation has awarded $87,500 in support to 28 organizations.
| Grant Recipient | Amount |
|---|---|
ASPEN JOURNALISM PURPOSE: DONATION. | $5,000 |
ASPEN FILM PURPOSE: DONATION. | $3,000 |
ASPEN VALLEY SKI AND SNOWBOARD CLUB PURPOSE: DONATION. | $2,000 |
BASALT EDUCATION FOUNDATION PURPOSE: DONATION | $2,000 |
BASALT REGIONAL LIBRARY PURPOSE: DONATION. | $2,000 |
BRIDGES BETWEEN PURPOSE: DONATION. | $1,000 |