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Nonprofiteer
← MARTLET INC

Form 990 for tax year 2023

Filed by MARTLET INC.

Totals

Total revenue
$236,185
Total expenses
$180,825
Contributions and grants received
$0
Grants paid
$91,000
Program service revenue
$132,000
Investment income
$104,185
Other revenue
$0
Total assets, end of year
$6,943,239
Total liabilities, end of year
$313,179
Net assets or fund balances, end of year
$6,630,060
Program services expenses (Part IX)
not reported
Management and general expenses
not reported
Fundraising expenses
not reported
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: RENTAL INCOME

    total $132,000 · related or exempt $132,000

  • 3 · Investment income

    total $162,899 · unrelated business $162,899

  • 7a · Gross sales of assets other than inventory

    securities $1,460,886

  • 7b · Less cost or other basis and sales expenses

    securities $1,519,600

  • 7c · Gain or loss

    securities -$58,714

  • 7d · Net gain or loss

    total -$58,714 · unrelated business -$58,714

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $91,000

  • 11c · Fees: accounting

    total $3,515

  • 11f · Fees: investment management

    total $37,153

  • 16 · Occupancy

    total $658

  • 22 · Depreciation, depletion and amortization

    total $38,445

  • 23 · Insurance

    total $10,054

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $186,944 · end of year $420,043

  • 10a · Land, buildings and equipment: cost or other basis

    $1,498,576

  • 10b · Land, buildings and equipment: accumulated depreciation

    $187,164

  • 10c · Land, buildings and equipment, net

    beginning of year $1,349,857 · end of year $1,311,412

  • 11 · Investments: publicly traded securities

    beginning of year $4,649,184 · end of year $5,211,784

  • 15 · Other assets

    beginning of year $100,069 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $320 · end of year $2,394

  • 18 · Grants payable

    beginning of year $87,385 · end of year $178,385

  • 25 · Other liabilities

    beginning of year $132,501 · end of year $132,400

  • 27 · Net assets without donor restrictions

    beginning of year $6,065,848 · end of year $6,630,060

Mission and programs · 2023

Mission

HOLD PROPERTY FOR THE DELTA CHI FRATERNITY.

  • HOLD PROPERTY FOR THE DELTA CHI FRATERNITY.

As filed on the 2023 return.

Listed in Part VII

  • Gregory F Hauser

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Dr William R Tallman

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Miles Washburn

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Charles Mancuso

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Mark Sexton

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Karl Grindel 13123 - Present

    EXECUTIVE DIRECTOR

    Total calculated
    $153,481
    From this org
    $0
    From related orgs
    $151,610
    Other
    $1,871
    Hours/week
    1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,360 related
    Bonus
    $0 + $6,250 related
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $1,871 related
    Filer's total
    $0 + $153,481 related

  • Jerod Breit Through 13123

    EXECUTIVE DIRECTOR

    Total calculated
    $76,486
    From this org
    $0
    From related orgs
    $75,747
    Other
    $739
    Hours/week
    1 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, LINE 3
THE RELATED ORGANIZATION UTILIZES FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEYS, AND EXECUTIVE COMMITTEE APPROVAL IN DETERMINING THE EXECUTIVE DIRECTOR'S COMPENSATION.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
5 May 2025
IRS schema version
2023v6.0
Source object
202511269349302186

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