De Martini Fam Foundation Tr
- Assets
- $3.5m
- Revenue
- $1.2m
- Investments
- $3.4m
- Employees
- 0
- Location
- Bronxville, NY
- Founding
- 07/2003
- Data as of
- 09/2023
- EIN
- 94-6781245
Organization Overview
De Martini Fam Foundation Tr is located in Bronxville, NY. The organization was established in 2003. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. DE Martini Fam Foundation Tr 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 09/2023, DE Martini Fam Foundation Tr generated $1.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (24.1%) each year. All expenses for the organization totaled $1.1m during the year ending 09/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, DE Martini Fam Foundation Tr has awarded 304 individual grants totaling $13,765,504. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Richard M Demartini Trustee | 0 | $0 | |
Jennifer L Brorsen Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $16,709 |
| Interest on Savings | $0 |
| Dividends & Interest | $98,216 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,046,143 |
| Capital Gain Net Income | $1,046,143 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $286 |
| Total Revenue | $1,161,354 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $16,964 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $814 |
| Total operating and administrative expenses | $78,358 |
| Contributions, gifts, grants paid | $1,044,388 |
| Total expenses and disbursements | $1,122,746 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $126,052 |
| 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 | $125,940 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,546,963 |
| 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, De Martini Fam Foundation Tr has awarded $1,044,388 in support to 24 organizations.
| Grant Recipient | Amount |
|---|---|
ADIRONDACK LAND TRUST INC PURPOSE: UNRESTRICTED | $5,000 |
BULAMU HEALTHCARE INTERNATIONAL INC PURPOSE: UNRESTRICTED | $10,000 |
CANCER RESEARCH INSTITUTE PURPOSE: UNRESTRICTED | $25,000 |
CHILDREN'S BRAIN TUMOR PROJECT FOUNDATION PURPOSE: UNRESTRICTED | $1,000 |
COLUMBIA BUSINESS SCHOOL CLUB OF NY INC PURPOSE: UNRESTRICTED | $50,000 |
CORNELIA CONNELLY CENTER PURPOSE: UNRESTRICTED | $2,500 |