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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy Elitharp Ball-See Note Treasurer&vp | 21 | $0 | |
Stephen M Corrigan-See Note President | 16 | $0 | |
Dan Corrigan-See Note VP | 14 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Times Square Capital Mgt Inc | 12/30/21 | $208,131 |
Mondrian Investment Partners Ltd | 12/30/21 | $133,886 |
Goldman Sachs | 12/30/21 | $170,946 |
Marley Management Company | 12/30/21 | $2,225,355 |
Boston Partners | 12/30/21 | $124,819 |
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 $18,666,000 in support to 26 organizations.
| Grant Recipient | Amount |
|---|---|
Tucson, AZ PURPOSE: SCHOLARSHIP ENDOWMENT FOR STUDENTS OF THE NEW UOFA VETERINARY SCHOOL OF MEDICINE | $4,561,000 |
MAYO CLINIC ARIZONA PURPOSE: SCHOLARSHIP ENDOWMENT FOR STUDENTS AT THE MAYO MEDICAL SCHOOL | $3,400,000 |
Tucson, AZ PURPOSE: CAPITAL SUPPORT FOR THE NEW UOFA VETERINARIAN SCHOOL OF MEDICINE | $2,639,000 |
GREAT HEARTS ACADEMIES PURPOSE: PERFORMING ARTS BUILDING FOR MARYVALE PREP.CAMPUS | $1,250,000 |
Phoenix, AZ PURPOSE: EARLY DETECTION AND TREATMENT OF PANCREATIC CANCER | $1,000,000 |
PHOENIX ZOO AUXILIARY PURPOSE: CAPITAL SUPPORT FOR THE NEW ELEPHANT HABITAT | $775,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Gates Family Foundation Denver, CO | $458,247,303 | $68,267,243 |
Stupski Foundation San Francisco, CA | $0 | $134,835,311 |
Wayne & Gladys Valley Charitable Foundation Oakland, CA | $270,742,115 | $3,705,667 |
The Marisla Foundation Laguna Beach, CA | $26,534,095 | $36,043,209 |
Craig H Neilsen Foundation Encino, CA | $489,570,251 | $30,946,732 |
Prostate Cancer Foundation Santa Monica, CA | $62,542,873 | $53,016,750 |
L K Whittier Foundation Pasadena, CA | $0 | $1,423,590 |
Sunlight Giving Palo Alto, CA | $510,624,261 | $22,845,227 |
Ralph M Parsons Foundation Los Angeles, CA | $469,540,445 | $59,827,202 |
Aramont Charitable Foundation Los Angeles, CA | $20,309,665 | $851,850 |
Capital Group Companies Charitable Foundation Irvine, CA | $396,511,503 | $49,953,906 |
Vera R Campbell Foundation Los Angeles, CA | $7,174,886 | $467,590 |