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Nonprofiteer
← THE MARTIN FAMILY FOUNDATION INC

Form 990 for tax year 2022

Filed by THE MARTIN FAMILY FOUNDATION INC.

Totals

Total revenue
$508,597
Total expenses
$1,361,485
Contributions and grants received
$0
Grants paid
$1,015,942
Program service revenue
$0
Investment income
$508,597
Other revenue
$0
Total assets, end of year
$12,589,100
Total liabilities, end of year
$1,775
Net assets or fund balances, end of year
$12,587,325
Program services expenses (Part IX)
$1,075,555
Management and general expenses
$285,930
Fundraising expenses
$0
Program service expenses (Part III)
$1,075,555

Program services were 79.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

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.

  • 3 · Investment income

    total $108,352 · excluded $108,352

  • 7a · Gross sales of assets other than inventory

    securities $400,245

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

    securities $0

  • 7c · Gain or loss

    securities $400,245

  • 7d · Net gain or loss

    total $400,245 · unrelated business $377,345 · excluded $22,900

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,015,942 · program services $1,015,942

  • 11a · Fees: management

    total $59,613 · program services $59,613

  • 11b · Fees: legal

    total $20 · management and general $20

  • 11c · Fees: accounting

    total $5,525 · management and general $5,525

  • 11f · Fees: investment management

    total $225,397 · management and general $225,397

  • 24a · Other expenses: UNRELATED BUSINESS INCO

    total $42,153 · management and general $42,153

  • 24b · Other expenses: STATE TAXES

    total $12,835 · management and general $12,835

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $6,532,212 · end of year $6,532,212

  • 12 · Investments: other securities

    beginning of year $6,707,952 · end of year $6,056,888

  • 17 · Accounts payable and accrued expenses

    beginning of year $0 · end of year $1,775

  • 27 · Net assets without donor restrictions

    beginning of year $13,240,164 · end of year $12,587,325

Mission and programs · 2022

Mission

THE PRIMARY EXEMPT PURPOSE OF THE ORGANIZATION IS TO ASSIST THE COMMUNITY FOUNDATION OF GREATER MEMPHIS, INC. IN CARRYING OUT ITS CHARITABLE MISSION.

  • THE FOUNDATION'S ONLY PROGRAM IS TO ACCEPT PROPERTY FOR USE EXCLUSIVELY FOR RELIGIOUS, CHARITABLE, SCIENTIFIC, LITERARY, OR EDUCATIONAL PURPOSES PRIMARILY IN AND FOR THE BENEFIT OF MEMPHIS AND SHELBY COUNTY.

    Expenses $1,075,555 · Grants $1,015,942

As filed on the 2022 return.

Listed in Part VII

  • Robert M Fockler

    PRESIDENT

    Total calculated
    $414,155
    From this org
    $0
    From related orgs
    $361,278
    Other
    $52,877
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $361,278 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $30,500 related
    Nontaxable benefits
    $0 + $22,377 related
    Filer's total
    $0 + $414,155 related

  • Barbara S Mora

    SECRETARY

    Total calculated
    $215,444
    From this org
    $0
    From related orgs
    $189,370
    Other
    $26,074
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $189,370 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $18,937 related
    Nontaxable benefits
    $0 + $7,137 related
    Filer's total
    $0 + $215,444 related

  • George Lumm

    TREASURER

    Total calculated
    $197,144
    From this org
    $0
    From related orgs
    $183,378
    Other
    $13,766
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $183,378 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,338 related
    Nontaxable benefits
    $0 + $428 related
    Filer's total
    $0 + $197,144 related

  • Caroline Kuebler

    DIR. OF DEVELOPMENT

    Total calculated
    $191,999
    From this org
    $0
    From related orgs
    $163,391
    Other
    $28,608
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $143,391 related
    Bonus
    $0 + $20,000 related
    Other
    $0
    Deferred
    $0 + $16,339 related
    Nontaxable benefits
    $0 + $12,269 related
    Filer's total
    $0 + $191,999 related

  • Veronica Jamison

    DIRECTOR

    Total calculated
    $166,497
    From this org
    $0
    From related orgs
    $145,022
    Other
    $21,475
    Hours/week
    1 + 37.5 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,022 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,327 related
    Nontaxable benefits
    $0 + $8,148 related
    Filer's total
    $0 + $166,497 related

  • Amy Beth Dudley

    DIRECTOR

    Total calculated
    $114,256
    From this org
    $0
    From related orgs
    $96,685
    Other
    $17,571
    Hours/week
    1 + 37.5 related

  • Marty Regan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Meredith Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Greg Martin

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Melanie Hendricks

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jay Martin Jr

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Patty Stringer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Jay Martin

    CHAIR

    Total calculated
    $0
    Hours/week
    1

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
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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

  • MY CITY RIDES

    $1,000,000

    GENERAL OPERATING SUPPORT

  • COMMUNITY FOUNDATION OF GREATER MEMPHIS

    $15,942

    TRANSFER TO A SCHOLARSHIP FUND

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
2022
Filed
6 September 2023
IRS schema version
2022v5.0
Source object
202312499349301506

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