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Nonprofiteer
← MARWEN FOUNDATION

Form 990 for tax year 2023

Filed by MARWEN FOUNDATION.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 8 July 2025. matched by us Only the return's totals, a 990-PF's accounting method and the names listed in Part VII (Part VIII on a 990-PF) are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$2,310,365 changed to $3,129,299
Total expenses
$2,736,966 changed to $2,589,402
Contributions and grants received
$2,310,365 changed to $1,390,889
Investment income
$0 changed to $1,725,552
Other revenue
$0 changed to $12,858
Total assets, end of year
$19,910,422 changed to $19,834,324
Total liabilities, end of year
$3,851,566 changed to $4,023,594
Net assets or fund balances, end of year
$16,058,856 changed to $15,810,730
Program services expenses
$1,751,045 changed to $1,751,493
Management and general expenses
$365,452 changed to $374,614
Fundraising expenses
$620,469 changed to $463,295
Program service expenses (Part III)
$1,751,045 changed to $1,751,493

Totals

Total revenue
$2,310,365
Total expenses
$2,736,966
Contributions and grants received
$2,310,365
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$19,910,422
Total liabilities, end of year
$3,851,566
Net assets or fund balances, end of year
$16,058,856
Program services expenses (Part IX)
$1,751,045
Management and general expenses
$365,452
Fundraising expenses
$620,469
Program service expenses (Part III)
$1,751,045

Program services were 64.0% 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

    $2,310,365

  • 11d · All other revenue

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $1,351,706 · program services $759,959 · management and general $239,708 · fundraising $352,039

  • 9 · Other employee benefits

    total $278,626 · program services $156,649 · management and general $49,411 · fundraising $72,566

  • 14 · Information technology

    total $47,314 · program services $28,251 · management and general $2,267 · fundraising $16,796

  • 17 · Travel

    total $23,497 · program services $16,491 · management and general $5,090 · fundraising $1,916

  • 20 · Interest

    total $191,470 · program services $181,896 · management and general $4,787 · fundraising $4,787

  • 22 · Depreciation, depletion and amortization

    total $196,153 · program services $186,345 · management and general $4,904 · fundraising $4,904

  • 23 · Insurance

    total $17,638 · program services $16,756 · management and general $441 · fundraising $441

  • 24a · Other expenses: Contracted services

    total $508,343 · program services $302,945 · management and general $53,292 · fundraising $152,106

  • 24b · Other expenses: Publications

    total $11,844 · program services $3,808 · management and general $0 · fundraising $8,036

  • 24c · Other expenses: Supplies and subscriptions

    total $19,119 · program services $16,380 · management and general $1,798 · fundraising $941

  • 24d · Other expenses: Phone, copy, postage

    total $16,483 · program services $10,480 · management and general $1,910 · fundraising $4,093

  • 24e · All other expenses

    total $74,773 · program services $71,085 · management and general $1,844 · fundraising $1,844

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $951,259 · end of year $524,022

  • 3 · Pledges and grants receivable

    beginning of year $743,459 · end of year $653,310

  • 9 · Prepaid expenses and deferred charges

    beginning of year $25,603 · end of year $19,695

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

    $11,399,869

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

    $3,943,808

  • 10c · Land, buildings and equipment, net

    beginning of year $7,692,240 · end of year $7,456,061

  • 11 · Investments: publicly traded securities

    beginning of year $9,978,479 · end of year $11,179,644

  • 15 · Other assets

    beginning of year $89,844 · end of year $77,690

  • 17 · Accounts payable and accrued expenses

    beginning of year $221,379 · end of year $142,744

  • 20 · Tax-exempt bond liabilities

    beginning of year $3,708,410 · end of year $3,708,822

  • 27 · Net assets without donor restrictions

    beginning of year $14,457,694 · end of year $15,392,055

  • 28 · Net assets with donor restrictions

    beginning of year $1,093,401 · end of year $666,801

Mission and programs · 2023

Mission

Marwen educates and inspires young people from under-resourced communities and schools through free visual arts programs.

  • Art Studio and Lab - Through courses and workshops, students are empowered to develop artistic skills, experiment with various media, and discover new interests and ideas.

    Expenses $1,751,045 · Revenue $2,310,365

As filed on the 2023 return.

Listed in Part VII

  • Isa Pressman

    Chair

    Total calculated
    $0
    Hours/week
    0.5
  • Todd Heiser

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.5
  • Molly Morse Limmer

    Secretary

    Total calculated
    $0
    Hours/week
    0.5
  • Nils Larsen

    Treasurer

    Total calculated
    $0
    Hours/week
    0.5
  • Mikaya Daniels

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Steven P Berkowitz

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Julie Hokin Watts

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Elizabeth Brady

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Marcy Carlin

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Cheryl Durst

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Sarah Finlayson-Banasiak

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Antonia Garcia

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Hector Gonzalez

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • James Hill III

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Regin Igloria

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Jennifer Johnson

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Jason Mirach

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Britt Nolan

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Lee Oberlander

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Chris Fudd

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Katherine Scott

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Elliot Rawls

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Brandon Rogalski

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Katherine Scott

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Chiara Wroncinski

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Acasia Wilson Feinberg

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Chiara Wroncinski

    Trustee

    Total calculated
    $0
    Hours/week
    0.5
  • Akilah Hailey

    Executive Director

    Total calculated
    $168,200
    From this org
    $168,200
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $168,200
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $168,200
  • Juliette Buford

    Director of Finance

    Total calculated
    $115,275
    From this org
    $115,275
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $115,275
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $115,275

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2023
Filed
14 November 2024
IRS schema version
2023v5.1
Source object
202403309349300865

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