The Marnell Foundation
- Assets
- $3.5m
- Revenue
- $2.1m
- Investments
- $1.3m
- Employees
- 0
- Location
- Las Vegas, NV
- Founding
- 08/1996
- Data as of
- 12/2023
- EIN
- 94-3252819
Organization Overview
The Marnell Foundation is located in Las Vegas, NV. The organization was established in 1996. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Marnell Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2015, Marnell Foundation has awarded 37 individual grants totaling $1,548,500. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Anthony A Marnell II Trustee - President | 1 | $0 | |
Alisa Wilson Trustee - Secretary/treasu | 1 | $0 | |
Anthony A Marnell III Trustee | 1 | $0 | |
Meredith Ellis Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,000,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $85,350 |
| 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 | $0 |
| Total Revenue | $2,085,350 |
| 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 | $0 |
| Printing and publications | $0 |
| Other expenses | $775 |
| Total operating and administrative expenses | $5,875 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $5,875 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,146,669 |
| Savings and temporary cash investments | $0 |
| 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 | $1,340,570 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $6,592 |
| Total assets | $3,493,831 |
| 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, The Marnell Foundation has awarded $85,000 in support to 6 organizations.
| Grant Recipient | Amount |
|---|---|
BOY SCOUTS OF AMERICA LAS VEGAS AREA COUNCIL PURPOSE: PROGRAM SUPPORT | $20,000 |
BOYS & GIRLS CLUB OF TRUKEE MEADOWS PURPOSE: PROGRAM SUPPORT | $10,000 |
FOLDS OF HONOR PURPOSE: PROGRAM SUPPORT | $10,000 |
PINOCCHIO'S MOMS ON THE RUN PURPOSE: PROGRAM SUPPORT | $10,000 |
ST ROSE DOMINICAN HEALTH FOUNDATION PURPOSE: PROGRAM SUPPORT | $25,000 |
PBS RENO PURPOSE: PROGRAM SUPPORT | $10,000 |