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← MARCUM FOUNDATION INC

Form 990 for tax year 2022

Filed by MARCUM FOUNDATION INC.

Totals

Total revenue
$1,281,163
Total expenses
$665,160
Contributions and grants received
$1,289,178
Grants paid
$525,000
Program service revenue
$0
Investment income
$0
Other revenue
-$8,015
Total assets, end of year
$1,950,130
Total liabilities, end of year
$221,643
Net assets or fund balances, end of year
$1,728,487
Program services expenses (Part IX)
$548,786
Management and general expenses
$107,493
Fundraising expenses
$8,881
Program service expenses (Part III)
$548,786

Program services were 82.5% 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.

  • 1c · Fundraising events

    $187,083

  • 1d · Related organizations

    $449,681

  • 1f · All other contributions, gifts and grants

    $652,414

  • 8a · Fundraising events: gross income

    $79,092

  • 8a · Fundraising events: contributions included on line 1c

    $187,083

  • 8b · Fundraising events: direct expenses

    $87,107

  • 8c · Net income from fundraising events

    total -$8,015 · excluded -$8,015

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $525,000 · program services $525,000

  • 11c · Fees: accounting

    total $14,419 · program services $2,590 · management and general $10,862 · fundraising $967

  • 11g · Fees: other

    total $112,820 · program services $20,267 · management and general $84,986 · fundraising $7,567

  • 13 · Office expenses

    total $7,749 · management and general $7,749

  • 24a · Other expenses: STATE FILING FEES

    total $5,172 · program services $929 · management and general $3,896 · fundraising $347

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $922,356 · end of year $1,782,900

  • 3 · Pledges and grants receivable

    beginning of year $201,278 · end of year $128,522

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0 · end of year $38,708

  • 17 · Accounts payable and accrued expenses

    beginning of year $720 · end of year $67,238

  • 18 · Grants payable

    beginning of year $0 · end of year $154,405

  • 21 · Escrow or custodial account liability

    beginning of year $10,430 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $1,084,445 · end of year $1,720,448

  • 28 · Net assets with donor restrictions

    beginning of year $28,039 · end of year $8,039

Mission and programs · 2022

Mission

THE MARCUM FOUNDATION STRIVES TO BE A LEADING CONTRIBUTOR OF TIME & MONEY, AS A FULLY ENGAGED PARTNER, TO ORGANIZATIONS OFFERING FUNDAMENTAL HUMAN SERVICES TO CHILDREN IN OUR LOCAL COMMUNITIES.WE ENVISION A WORLD WHERE NO CHILD HAS TO WORRY ABOUT THEIR BASIC NEEDSEDUCATION, FOOD, HEALTHCARE AND GENERAL WELLBEING. BY MEETING THESE NEEDS, WE WILL ENSURE THAT ALL CHILDREN CAN WORRY LESS AND ACHIEVE MORE, AS THE FUTURE OF OUR COMMUNITY DEPENDS ON THE SUCCESS OF TODAY'S YOUTH AND YOUNG ADULTS.

  • THE FOUNDATION RAISES FUNDS AND VOLUNTEERS FOR SELECT CHARITIES THROUGH SPECIAL EVENTS, ASSOCIATE GIVING AND OTHER INITIATIVES--PROVIDING THE CRITICAL ASSISTANCE NEEDED FOR ORGANIZATIONS THAT OFFER ESSENTIAL SERVICES IN THESE FOUR CATEGORIES:-HEALTH & SAFETY-EDUCATION & SELF-ESTEEM-FOOD & SHELTER-FAMILY & WELLBEING

    Expenses $548,786 · Grants $525,000

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • SHAUN BLOGG

    BOARD CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 40 related

  • MARC BRESLOW

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • MICHAEL NOVAK

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • ILYSSA BLUM

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • JANA ARISTIZABAL

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 40 related

  • TRACY A WEINER

    EXECUTIVE 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

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

Provenance

Return type
form_990
Tax year
2022
Filed
4 April 2024
IRS schema version
2022v5.0
Source object
202410959349300136

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