Form 990 for tax year 2023

Filed by MARTIN TRUEX JR FOUNDATION INC.

Totals

Total revenue: $1,049,329
Total expenses: $992,290
Contributions and grants received: $369,626
Grants paid: $465,797
Program service revenue: $0
Investment income: $17,740
Other revenue: $661,963
Total assets, end of year: $471,977
Total liabilities, end of year: $961,533
Net assets or fund balances, end of year: -$489,556
Program services expenses (Part IX): $519,727
Management and general expenses: $56,359
Fundraising expenses: $416,204
Program service expenses (Part III): $519,727

Program services were 52.4% 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

$369,626
1g · Noncash contributions included above

$51,578
3 · Investment income

total $5,589 · related or exempt $5,589
7a · Gross sales of assets other than inventory

securities $129,981
7b · Less cost or other basis and sales expenses

securities $117,830
7c · Gain or loss

securities $12,151
7d · Net gain or loss

total $12,151 · related or exempt $12,151
8a · Fundraising events: gross income

$514,679
8c · Net income from fundraising events

total $514,679
11a · Other revenue: OTHER REVENUE

total $129,416 · related or exempt $129,416
11b · Other revenue: UNREALIZED GAIN ON INVESTMENT

total $17,868 · related or exempt $17,868
11e · Other revenue, total

$147,284

Functional expenses

Part IX, the statement of functional expenses.

1 · Grants to domestic organizations and governments

total $465,797 · program services $465,797
11a · Fees: management

total $182,502 · program services $46,343 · management and general $27,806 · fundraising $108,353
11b · Fees: legal

total $1,842 · management and general $1,842
11g · Fees: other

total $79,880 · fundraising $79,880
12 · Advertising and promotion

total $2,043 · management and general $1,583 · fundraising $460
13 · Office expenses

total $1,134 · management and general $1,028 · fundraising $106
16 · Occupancy

total $116,377 · fundraising $116,377
17 · Travel

total $818 · management and general $704 · fundraising $114
24a · Other expenses: MERCHANDISE

total $72,717 · fundraising $72,717
24b · Other expenses: MISCELLANEOUS: FUNDRAISIN

total $17,082 · fundraising $17,082
24c · Other expenses: MISCELLANEOUS: G&A

total $15,783 · management and general $15,783
24d · Other expenses: POSTAGE: FUNDRAISING

total $11,439 · fundraising $11,439
24e · All other expenses

total $24,876 · program services $7,587 · management and general $7,613 · fundraising $9,676

Balance sheet

Part X, book values.

1 · Cash, non-interest-bearing

beginning of year $357,185 · end of year $346,495
2 · Savings and temporary cash investments

beginning of year $176,344 · end of year $105,915
8 · Inventories for sale or use

beginning of year $9,594 · end of year $7,567
9 · Prepaid expenses and deferred charges

end of year $12,000
10a · Land, buildings and equipment: cost or other basis

$5,117
10b · Land, buildings and equipment: accumulated depreciation

$5,117
17 · Accounts payable and accrued expenses

beginning of year $271 · end of year $12,859
18 · Grants payable

beginning of year $868,970 · end of year $689,922
25 · Other liabilities

beginning of year $220,477 · end of year $258,752
27 · Net assets without donor restrictions

beginning of year -$546,595 · end of year -$489,556

Mission and programs · 2023

Mission

GRANT MAKING TO RAISE AWARENESS, BOOST ADVOCACY AND GENERATE FINANCIAL SUPPORT FOR UNDERFUNDED CANCER RESEARCH INITIATIVES SPECIFIC TO OVARIAN AND CHILDHOOD CANCERS.

GRANTS MADE TO ORGANIZATIONS THAT RAISE AWARENESS, BOOST ADVOCACY AND GENERATE FINANCIAL SUPPORT FOR UNDERFUNDED CANCER RESEARCH INITIATIVES SPECIFIC TO OVARIAN AND CHILDHOOD CANCERS.

Expenses $377,987 · Grants $370,400
GRANTS MADE TO ORGANIZATIONS THAT RAISE AWARENESS, BOOST ADVOCACY AND GENERATE FINANCIAL SUPPORT FOR UNDERFUNDED CANCER RESEARCH INITIATIVES SPECIFIC TO OVARIAN AND CHILDHOOD CANCERS.

Expenses $141,740 · Grants $95,397

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

Lisa BackerLISA BACKER

EXECUTIVE DI

Total calculated

$0
Stoke CaldwellSTOKE CALDWELL

MEMBER

Total calculated

$0
Brooke FawBROOKE FAW

SECRETARY

Total calculated

$0
Janet GodfreyJANET GODFREY

MEMBER

Total calculated

$0
John HondrosJOHN HONDROS

TREASURER

Total calculated

$0
Martin Truex JrMARTIN TRUEX JR

PRESIDENT &

Total calculated

$0
Jeremy ScottJEREMY SCOTT

MEMBER

Total calculated

$0

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.

Grants on this return

ATRIUM HEALTH FOUNDATION

$200,000
SHERRYSTRONG FOUNDATION

$100,400
GRANTS TO DOM ORG CASH

$95,397
NOVANT HEALTH FOUNDATION

$50,000
DALE JR FOUNDATION

$10,000

Provenance

Return type: form_990
Tax year: 2023
Filed: 24 July 2024
IRS schema version: 2023v5.0
Source object: 202412079349301316

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