Markin Foundation Inc
- Assets
- $2.7m
- Revenue
- $2.7m
- Investments
- $0.0
- Employees
- 0
- Location
- Eau Claire, WI
- Founding
- Data as of
- 04/2022
- EIN
- 86-3322934
Organization Overview
Markin Foundation Inc is located in Eau Claire, WI. According to its NTEE Classification (A50) the organization is classified as: Museums, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Markin Foundation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION OPERATES UNDER DEVELOPMENT AN AUTOMOBILE MUSEUM FOR THE BENEFIT AND EDUCATION OF THE PUBLIC. EXPENDITURES WERE MADE FOR MUSEUM OPERATIONS THE ACQUISITION OF A 1954 KAISER DARRIN FOR DISPLAY IMPROVEMENTS ON THE 1935 HUPMOBILE ACQUISITION OF AUTOMOBILIA ART AND DISPLAY STANDS TO FURTHER THE MISSION OF THE MUSEUM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patricia J Markin Vice President | 5 | $0 | |
Michael Markin President | 15 | $0 | |
Clint Markin Secretary | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,672,486 |
| Interest on Savings | $3 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,630 |
| Capital Gain Net Income | $76,630 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,749,119 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $3,667 |
| Printing and publications | $0 |
| Other expenses | $12,027 |
| Total operating and administrative expenses | $16,986 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $16,986 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $136,515 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,515,917 |
| Total assets | $2,652,432 |
| 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 | $0 |
| Total liabilities | $0 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Historic Arnolds Park Inc Arnolds Park, IA | $45,905,371 | $12,228,274 |
Grand Rapids Public Museum Grand Rapids, MI | $9,797,722 | $8,206,945 |
Kalamazoo Aviation History Museum Portage, MI | $17,581,493 | $5,451,685 |
Museum Of African American History Detroit, MI | $6,150,822 | $7,565,645 |
Margaret Woodbury Strong Museum Charitable Trust Chicago, IL | $73,980,694 | $7,829,381 |
Peoria Riverfront Museum Peoria, IL | $12,190,456 | $4,223,811 |
Dusable Museum Of African American History Inc Chicago, IL | $17,602,670 | $3,496,098 |
Yankee Air Force Incorporated Belleville, MI | $14,568,941 | -$1,519,297 |
The Richard H Driehaus Museum Chicago, IL | $116,468,245 | $74,810,944 |
Genevieve And Donald S Gilmore Foundation Hickory Corners, MI | $0 | $3,411,516 |
National Czech & Slovak Museum & Library Cedar Rapids, IA | $33,480,949 | $3,909,322 |
Vesterheim Norwegian American Museum Decorah, IA | $24,953,272 | $7,187,886 |