Martin Family Foundation
- Assets
- $3.5m
- Revenue
- $135.8k
- Investments
- $3.5m
- Employees
- 0
- Location
- Ocean Shores, WA
- Founding
- 08/1990
- Data as of
- 12/2023
- EIN
- 91-1455940
Organization Overview
Martin Family Foundation is located in Ocean Shores, WA. The organization was established in 1990. 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. Martin Family 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 12/2023, Martin Family Foundation generated $135.8k in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of (2.4%) each year. All expenses for the organization totaled $235.4k during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (2.1%) per year over the past 9 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Martin Family Foundation has awarded 97 individual grants totaling $1,810,747. 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 |
|---|---|---|---|
Howard Greenwald Director | 0.2 | $0 | |
New Director | 0.2 | $0 | |
Ray Lundeen Director | 0.2 | $0 | |
Jim Palmer President | 1 | $0 | |
Robert Valentine Director | 0.2 | $0 | |
Richard Lassman Director | 0.2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,037 |
| Dividends & Interest | $89,426 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $45,344 |
| Total Revenue | $135,807 |
| 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 | $7,826 |
| Printing and publications | $0 |
| Other expenses | $573 |
| Total operating and administrative expenses | $8,399 |
| Contributions, gifts, grants paid | $227,000 |
| Total expenses and disbursements | $235,399 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,097 |
| Savings and temporary cash investments | $14,727 |
| 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 | $0 |
| Total assets | $3,476,912 |
| 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 |
Grants Awarded
Over the last fiscal year, Martin Family Foundation has awarded $227,000 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
UNIVERSITY OF WASHINGTON PURPOSE: SCHOLARSHIPS | $206,000 |
SEATTLE CENTRAL COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $0 |
SOUTH SEATTLE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $1,000 |
NORTH NORTH SEATTLE COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $0 |
EVERETT COMMUNITY COLLEGE PURPOSE: SCHOLARSHIPS | $5,000 |
BELLEVUE COLLEGE PURPOSE: SCHOLARSHIPS | $0 |