Kemper & Ethel Marley Foundation
- Assets
- $235.9m
- Revenue
- $45.1m
- Investments
- $191.2m
- Employees
- 0
- Location
- Phoenix, AZ
- Founding
- 04/1991
- Data as of
- 12/2021
- EIN
- 86-0653091
Organization Overview
Kemper & Ethel Marley Foundation is located in Phoenix, AZ. The organization was established in 1991. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Kemper & Ethel Marley 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, Kemper & Ethel Marley Foundation generated $45.1m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 19.8% each year . All expenses for the organization totaled $15.3m during the year ending 12/2021. While expenses have increased by 1.2% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Kemper & Ethel Marley Foundation has awarded 140 individual grants totaling $105,001,513. 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 |
|---|---|---|---|
Nancy Elitharp Ball-See Note Treasurer&vp | 13 | $0 | |
Stephen M Corrigan-See Note President | 12 | $0 | |
Dan Corrigan-See Note VP | 9 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Times Square Capital Mgt Inc | 12/30/22 | $180,645 |
Mondrian Investment Partners Ltd | 12/30/22 | $122,563 |
Goldman Sachs | 12/30/22 | $138,600 |
Boston Partners | 12/30/22 | $133,156 |
Marley Management Company | 12/30/22 | $2,502,277 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $1,354,585 |
| Interest on Savings | $1,609,236 |
| Dividends & Interest | $1,795,606 |
| Net Rental Income | -$683,412 |
| Net Gain on Sale of Assets | $41,147,687 |
| Capital Gain Net Income | $38,377,337 |
| Net ST Capital Gain | $2,022,074 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$115,995 |
| Total Revenue | $45,107,707 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $45,886 |
| Pension plans, employee benefits | $14,079 |
| Interest | $115,950 |
| Taxes | $1,409,261 |
| Depreciation | $0 |
| Occupancy | $2,739 |
| Travel, conferences, and meetings | $2,519 |
| Printing and publications | $0 |
| Other expenses | $951,690 |
| Total operating and administrative expenses | $4,607,680 |
| Contributions, gifts, grants paid | $10,675,861 |
| Total expenses and disbursements | $15,283,541 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,966,397 |
| Savings and temporary cash investments | $20,250,845 |
| Net Accounts receivable | $1,246,125 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $17,239,659 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $2,609,814 |
| Investments—mortgage loans | $0 |
| Investments—other | $83,965,576 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $1,330,673 |
| Total assets | $235,853,723 |
| Accounts payable and accrued expenses | $111,591 |
| Grants payable | $15,297,724 |
| Deferred revenue | $799,729 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $1 |
| Total liabilities | $16,209,045 |
Grants Awarded
Over the last fiscal year, Kemper & Ethel Marley Foundation has awarded $14,042,963 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ARIZONA COMMUNITY FOUNDATION PURPOSE: VARIOUS | $7,020,000 |
SEE ATTACHED STATEMENT PURPOSE: VARIOUS | $7,022,963 |