Marble Freedom Trust
- Assets
- $1.2b
- Revenue
- $26.6m
- Investments
- $0.0
- Employees
- 2
- Location
- Centerville, UT
- Founding
- Data as of
- 04/2022
- EIN
- 85-0784793
Organization Overview
Marble Freedom Trust is located in Centerville, UT. As of 04/2022, Marble Freedom Trust employed 2 individuals. Marble Freedom Trust is a 501(c)(4) and as such, is described as a "Civic League, Social Welfare Organization, and Local Association of Employees" by the IRS.
For the year ending 04/2022, Marble Freedom Trust generated $26.6m in total revenue. All expenses for the organization totaled $184.9m during the year ending 04/2022.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO MAINTAIN AND EXPAND HUMAN FREEDOM CONSISTENT WITH THE VALUES AND IDEALS SET FORTH IN THE DECLARATION OF INDEPENDENCE AND THE CONSTITUTION OF THE UNITED STATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST REVIEWED AND APPROVED GRANTS TO MAINTAIN AND EXPAND HUMAN FREEDOM, AND PLANNED FOR ITS FUTURE AS A NEW GENERATION.
THE TRUST REVIEWED AND APPROVED AMOUNTS TO MAINTAIN AND EXPAND HUMAN FREEDOM, AND PLAN FOR ITS FUTURE AS A NEW GENERATION
THE TRUST REVIEWED AND APPROVED GRANTS TO MAINTAIN AND EXPAND HUMAN FREEDOM, AND PLANNED FOR ITS FUTURE AS A NEW GENERATION.
THE TRUST REVIEWED AND APPROVED AMOUNTS TO MAINTAIN AND EXPAND HUMAN FREEDOM, AND PLAN FOR ITS FUTURE AS A NEW GENERATION
THE TRUST REVIEWED AND APPROVED GRANTS TO MAINTAIN AND EXPAND HUMAN FREEDOM, AND PLANNED FOR ITS FUTURE AS A NEW GENERATION.
THE TRUST REVIEWED AND APPROVED AMOUNTS TO MAINTAIN AND EXPAND HUMAN FREEDOM, AND PLAN FOR ITS FUTURE AS A NEW GENERATION
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alex Marshall Key Employee | Officer | 25 | $764,744 |
Leonard A Leo Trustee And | OfficerTrustee | 25 | $400,000 |
Jonathan Bunch Successor Tr | Trustee | 0.5 | $0 |
Tyler Green Administrati | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sullivan & Cromwell Llp Legal Services | 4/29/21 | $940,000 |
Kirton Mcconkie Legal Services | 4/29/21 | $140,602 |
Holtzman Vogel Baran Torchinsky & Josefiak Pllc Legal Services | 4/29/21 | $101,556 |
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 | $20,287,714 |
| Noncash contributions included in lines 1a–1f | $20,287,714 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,287,714 |
| Total Program Service Revenue | $0 |
| Investment income | $6,314,108 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $20,287,714 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,601,822 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $182,700,000 |
| 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. | $1,164,744 |
| Compensation of current officers, directors, key employees. | $591,186 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $100,000 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $42,640 |
| Fees for services: Management | $200,000 |
| Fees for services: Legal | $345,671 |
| Fees for services: Accounting | $12,205 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $55,997 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $249,163 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $7,857 |
| 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 | $45,630 |
| All other expenses | $0 |
| Total functional expenses | $184,923,907 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $12,931,663 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $19,692,529 |
| 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 | $1,193,909,837 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,226,534,029 |
| 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 | $1,226,534,029 |
| 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 | $0 |
| Total liabilities and net assets/fund balances | $1,226,534,029 |
Grants Awarded
Over the last fiscal year, Marble Freedom Trust has awarded $548,100,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
San Francisco, CA PURPOSE: GENERAL OPERATING | $153,800,000 |
San Francisco, CA PURPOSE: GENERAL OPERATING | $153,800,000 |
San Francisco, CA PURPOSE: GENERAL OPERATING | $153,800,000 |
Washington, DC PURPOSE: GENERAL OPERATING | $28,900,000 |
Washington, DC PURPOSE: GENERAL OPERATING | $28,900,000 |
Washington, DC PURPOSE: GENERAL OPERATING | $28,900,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Integris Baptist Medical Center Inc Oklahoma City, OK | $2,058,378,701 | $1,074,971,636 |
Western Governors University Salt Lake City, UT | $621,679,021 | $1,020,118,520 |
Scott & White Clinic Dallas, TX | $177,643,392 | $977,412,932 |
Driscoll Childrens Health Plan Corpus Christi, TX | $460,782,364 | $1,055,125,455 |
Woodmen Of The World Life Insurance Society Omaha, NE | $11,463,649,522 | $1,020,619,814 |
Asante Medford, OR | $2,030,793,202 | $1,067,000,527 |
Healthtexas Provider Network Dallas, TX | $268,335,548 | $958,731,143 |
Camp Bowie Service Center Oakland, CA | $146,481,054 | $935,370,038 |
Compassion International Incorporated Colorado Springs, CO | $364,011,907 | $953,223,395 |
Texas Christian University Fort Worth, TX | $4,250,111,470 | $1,168,273,968 |
Childrens Hospital Of Orange County Orange, CA | $1,359,092,221 | $992,003,540 |
Southern California Schools Voluntary Employees Benefits Assoc San Diego, CA | $183,534,319 | $919,105,914 |