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Nonprofiteer
← MARC ENDOWMENT INC

Form 990 for tax year 2024

Filed by MARC ENDOWMENT INC.

Totals

Total revenue
$244,417
Total expenses
$309,632
Contributions and grants received
$250
Grants paid
$309,632
Program service revenue
$0
Investment income
$244,167
Other revenue
$0
Total assets, end of year
$3,219,628
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,219,628
Program services expenses (Part IX)
$309,632
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$309,632

Program services were 100.0% 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

    $250

  • 3 · Investment income

    total $244,167 · excluded $244,167

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $309,632 · program services $309,632

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $240,633 · end of year $44

  • 11 · Investments: publicly traded securities

    beginning of year $2,956,694 · end of year $3,219,584

  • 27 · Net assets without donor restrictions

    beginning of year $168,211 · end of year $675,921

  • 28 · Net assets with donor restrictions

    beginning of year $3,029,116 · end of year $2,543,707

Mission and programs · 2024

Mission

THE ORGANIZATION OPERATES FOR THE EXCLUSIVE BENEFIT OF MARC, INC. BY MANAGING ENDOWMENT INVESTMENTS AND MAKING GRANTS TO OR FOR THE BENEFIT OF MARC, INC., AND ENGAGING IN ACTIVITIES THAT SUPPORT OR BENEFIT MARC, INC.

  • THE ORGANIZATION MANAGES AN ENDOWMENT FUND AND ENGAGES IN ACTIVITIES FOR THE EXCLUSIVE BENEFIT OF MARC, INC.

    Expenses $309,632 · Grants $309,632

As filed on the 2024 return.

Listed in Part VII

  • Blake Cauthen

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Kelly Lloyd

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • David Adams

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Brooks Sitka

    BOARD DIRECTOR

    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.

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.

  • MARC INC

    501(C)(3) · PROGRAMS FOR DISABLED · TX

    Directly controlled by YES

Provenance

Return type
form_990
Tax year
2024
Filed
14 May 2026
IRS schema version
2024v5.5
Source object
202601359349303510

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