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Nonprofiteer
← FELIX E MARTIN JR FOUNDATION INC

Form 990 for tax year 2022

Filed by FELIX E MARTIN JR FOUNDATION INC.

Totals

Total revenue
$2,785,040
Total expenses
$2,712,159
Contributions and grants received
$115,100
Grants paid
$1,820,692
Program service revenue
$0
Investment income
$2,669,940
Other revenue
$0
Total assets, end of year
$71,185,748
Total liabilities, end of year
$2,244,144
Net assets or fund balances, end of year
$68,941,604
Program services expenses (Part IX)
$2,115,769
Management and general expenses
$596,390
Fundraising expenses
$0
Program service expenses (Part III)
$2,115,769

Program services were 78.0% 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.

  • 1f · All other contributions, gifts and grants

    $115,100

  • 3 · Investment income

    total $1,437,982 · excluded $1,437,982

  • 7a · Gross sales of assets other than inventory

    securities $7,099,470

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

    securities $5,867,512

  • 7c · Gain or loss

    securities $1,231,958

  • 7d · Net gain or loss

    total $1,231,958 · excluded $1,231,958

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,820,692 · program services $1,820,692

  • 11a · Fees: management

    total $363,970 · management and general $363,970

  • 11c · Fees: accounting

    total $990 · management and general $990

  • 11f · Fees: investment management

    total $211,679 · management and general $211,679

  • 11g · Fees: other

    total $3,026 · program services $2,008 · management and general $1,018

  • 12 · Advertising and promotion

    total $2,227 · program services $2,227

  • 13 · Office expenses

    total $1,012 · program services $506 · management and general $506

  • 16 · Occupancy

    total $4,126 · program services $2,063 · management and general $2,063

  • 17 · Travel

    total $12,502 · program services $6,251 · management and general $6,251

  • 19 · Conferences, conventions and meetings

    total $2,148 · program services $1,074 · management and general $1,074

  • 22 · Depreciation, depletion and amortization

    total $5,356 · management and general $5,356

  • 23 · Insurance

    total $1,118 · program services $559 · management and general $559

  • 24a · Other expenses: EARLY CHILD DEVELOPMENT

    total $156,385 · program services $156,385

  • 24b · Other expenses: POST SECONDARY SUCCESS

    total $91,471 · program services $91,471

  • 24c · Other expenses: COMMUNITY LEADERSHIP

    total $19,950 · program services $19,950

  • 24d · Other expenses: GED LEARN & EARN

    total $10,950 · program services $10,950

  • 24e · All other expenses

    total $4,557 · program services $1,633 · management and general $2,924

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $596,654 · end of year $236,150

  • 2 · Savings and temporary cash investments

    beginning of year $641,720 · end of year $596,205

  • 7 · Other notes and loans receivable

    beginning of year $480,000 · end of year $320,000

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

    $134,687

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

    $53,088

  • 10c · Land, buildings and equipment, net

    beginning of year $83,861 · end of year $81,599

  • 11 · Investments: publicly traded securities

    beginning of year $63,613,592 · end of year $69,951,794

  • 17 · Accounts payable and accrued expenses

    beginning of year $115,272 · end of year $101,819

  • 18 · Grants payable

    beginning of year $2,245,937 · end of year $2,142,325

  • 27 · Net assets without donor restrictions

    beginning of year $63,054,618 · end of year $68,941,604

Mission and programs · 2022

Mission

Withheld by Nonprofiteer: this text may name a private individual.

Activities or mission (Part I)

Withheld by Nonprofiteer: this text may name a private individual.

  • GRANTS GIVEN TO CHARITABLE AND GOVERNMENTAL ORGANIZATIONS TO ENRICH THE LIVES OF THE CITIZENS IN MUHLENBERG COUNTY.

    Expenses $1,836,713 · Grants $1,820,692

  • EARLY CHILDHOOD DEVELOPMENT:THE FOUNDATION EARLY CHILDHOOD DEVELOPMENT PROGRAM (SOAR) FOCUSES ON HELPING MUHLENBERG CHILDREN ARRIVE AT KINDERGARTEN READY TO LEARN. SOAR HOSTS MULTIPLE PROGRAMS AND EVENTS FOCUSED PRIMARILY ON EARLY CHILDHOOD LITERACY.

    Expenses $156,385

  • POST-SECONDARY SUCCESSTHE POST-SECONDARY SUCCESS PROGRAM (MUHLENBERG ACHIEVES) STRIVES TO INCREASE EDUCATIONAL ATTAINMENT OUTCOMES AND SUPPORT WORKFORCE DEVELOPMENT IN MUHLENBERG COUNTY, BY PROVIDING PROGRAMS AND RESOURCES FOR STUDENTS FROM KINDERGARTEN THROUGH ADULTHOOD TO INCREASE ACCESS AND ENCOURAGE ENROLLMENT IN COLLEGE AND CAREER TRAINING.

    Expenses $91,471

  • COMMUNITY LEADERSHIP: THE COMMUNITY LEADERSHIP PROGRAM IS DESIGNED TO SUPPORT LEADERSHIP DEVELOPMENT OPPORTUNITIES FOR ORGANIZATIONS AND ADULTS AND WHO LIVE OR WORK IN MUHLENBERG COUNTY, KY, AND HAVE DEMONSTRATED A COMMITMENT TO MAKING A DIFFERENCE IN MUHLENBERG COUNTY.

    Expenses $19,950

  • GED LEARN & EARN:THE FOUNDATION'S GED LEARN & EARN PROGRAM SUPPORTS MUHLENBERG RESIDENTS WHO ARE ACTIVELY WORKING TO OBTAIN THEIR GED THROUGH MADISONVILLE COMMUNITY COLLEGE'S ADULT EDUCATION CENTER (ACE2).

    Expenses $10,950

  • MCC MARTIN SCHOLARS:THE FOUNDATION'S MARTIN SCHOLARS PROGRAM SUPPORTS ADULT LEARNERS WITH THEIR RETURN TO MADISONVILLE COMMUNITY COLLEGE TO COMPLETE THEIR ASSOCIATES DEGREE.

    Expenses $300

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Lanie Gardner

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Candance Brake

    DIRECTOR (START 1/23)

    Total calculated
    $0
    Hours/week
    1

  • Mimi Zinniel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Paul Schulte

    DIRECTOR (ENDED 12/22)

    Total calculated
    $0
    Hours/week
    1

  • Sara Hemingway

    TREASURER(ENDED 12/22)/DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Mike Mercer

    DIRECTOR/TREASURER (START 1/23)

    Total calculated
    $0
    Hours/week
    1

  • Mark Campisano

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1

  • Barbie Hunt

    CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Alyssa Manning

    PRESIDENT/SECRETARY

    Total calculated
    $154,010
    From this org
    $0
    From related orgs
    $142,174
    Other
    $11,836
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $142,174 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $4,239 related
    Nontaxable benefits
    $0 + $7,597 related
    Filer's total
    $0 + $154,010 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
  • 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

The filer's explanations (Part III)

PART I, LINE 3
THE RELATED ORGANIZATION USES THE FOLLOWING TO ESTABLISH COMPENSATION OF THE CEO/EXECUTIVE DIRECTOR: - COMPENSATION COMMITTEE - FORM 990 OF OTHER ORGANIZATIONS - COMPENSATION SURVEY OR STUDY - APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE

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

  • MUHLENBERG COUNTY BOARD OF EDUCATION

    $1,053,173

    B EDUCATIONAL INSTITUTIONS

  • OWENSBORO HEALTH REGIONAL HOSPITAL

    $200,000

    E21 COMMUNITY HEALTH SYSTEMS

  • MUHLENBERG COUNTY FISCAL COURT

    $126,953

    1 GOVERNMENT ENTITY

  • HOPE2ALL INC

    $63,561

    F20 ALCOHOL DRUG AND SUBSTANCE ABUSE DEPENDENCY PREVENTION & TREATMENT

  • CITY OF CENTRAL CITY

    $54,297

    W PUBLIC SOCIETY BENEFIT

  • MUHLENBERG COUNTY HEALTH DEPARTMENT

    $48,000

    E HEALTH-GENERAL & REHABILITATIVE

  • COMMUNITY FOUNDATION OF LOUISVILLE DEPOSITORY

    $43,000

    T PHILANTHROPY VOLUNTARISM AND GRANTMAKING

  • GREATER MUHLENBERG PARKS & RECREATION SYSTEM

    $42,000

    N32 PARKS AND PLAYGROUNDS

  • CITY OF GREENVILLE

    $30,633

    W PUBLIC SOCIETY BENEFIT

  • MUHLENBERG COUNTY 4-H COUNCIL

    $23,125

    O52 AGRICULTURAL YOUTH DEVELOPMENT

The 10 largest by cash amount. The API serves every itemized grant.

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
8 May 2024
IRS schema version
2022v5.0
Source object
202421349349302757

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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