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← MARSH FOUNDATION

Form 990 for tax year 2022

Filed by MARSH FOUNDATION.

Totals

Total revenue
$4,903,833
Total expenses
$6,789,948
Contributions and grants received
$112,816
Grants paid
$0
Program service revenue
$3,829,058
Investment income
$386,056
Other revenue
$575,903
Total assets, end of year
$65,271,278
Total liabilities, end of year
$597,995
Net assets or fund balances, end of year
$64,673,283
Program services expenses (Part IX)
$6,295,708
Management and general expenses
$494,240
Fundraising expenses
$0
Program service expenses (Part III)
$6,295,708

Program services were 92.7% 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.

  • 1e · Government grants (contributions)

    $67,473

  • 1f · All other contributions, gifts and grants

    $45,343

  • 2a · Program service revenue: PROGRAM FEES TITLE IV-E

    total $3,023,440 · related or exempt $3,023,440

  • 2b · Program service revenue: MEDICAID PROGRAMS

    total $785,302 · related or exempt $785,302

  • 2c · Program service revenue: PARTIAL SUPP-SOC SEC/PARENTS

    total $11,913 · related or exempt $11,913

  • 2d · Program service revenue: WORKERS COMPENSATION REFUND

    total $4,632 · related or exempt $4,632

  • 2e · Program service revenue: VO-AG AND SCHOOL INCOME

    total $3,771 · excluded $3,771

  • 3 · Investment income

    total $1,004,537 · excluded $1,004,537

  • 6a · Gross rents

    real property $1,304,233

  • 6b · Less rental expenses

    real property $729,084

  • 6c · Rental income or loss

    real property $575,149

  • 6d · Net rental income or loss

    total $575,149 · excluded $575,149

  • 7a · Gross sales of assets other than inventory

    securities $7,501,487 · other assets $4,382

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

    securities $8,115,650 · other assets $8,700

  • 7c · Gain or loss

    securities -$614,163 · other assets -$4,318

  • 7d · Net gain or loss

    total -$618,481 · related or exempt -$4,318 · excluded -$614,163

  • 11a · Other revenue: WORKERS COMPENSATION REFUND

    total $754 · related or exempt $754

  • 11e · Other revenue, total

    $754

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $152,312 · management and general $152,312

  • 7 · Other salaries and wages

    total $3,382,174 · program services $3,292,372 · management and general $89,802

  • 8 · Pension plan contributions

    total $227,684 · program services $213,691 · management and general $13,993

  • 9 · Other employee benefits

    total $659,669 · program services $614,946 · management and general $44,723

  • 10 · Payroll taxes

    total $315,269 · program services $296,338 · management and general $18,931

  • 11b · Fees: legal

    total $1,709 · management and general $1,709

  • 11c · Fees: accounting

    total $94,663 · program services $65,607 · management and general $29,056

  • 11f · Fees: investment management

    total $15,000 · management and general $15,000

  • 16 · Occupancy

    total $161,250 · program services $157,795 · management and general $3,455

  • 17 · Travel

    total $7,480 · program services $7,355 · management and general $125

  • 19 · Conferences, conventions and meetings

    total $7,296 · program services $7,296

  • 22 · Depreciation, depletion and amortization

    total $371,534 · program services $350,900 · management and general $20,634

  • 23 · Insurance

    total $128,610 · program services $117,608 · management and general $11,002

  • 24a · Other expenses: PROGRAM EXPENSES

    total $445,031 · program services $383,327 · management and general $61,704

  • 24b · Other expenses: FOSTER PARENT PER DIEMS

    total $320,774 · program services $320,774

  • 24c · Other expenses: FOOD

    total $232,198 · program services $223,879 · management and general $8,319

  • 24d · Other expenses: EXPENDABLE EQUIP & SUPPLI

    total $173,148 · program services $169,319 · management and general $3,829

  • 24e · All other expenses

    total $94,147 · program services $74,501 · management and general $19,646

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $110,125 · end of year $25,158

  • 2 · Savings and temporary cash investments

    beginning of year $1,379,406 · end of year $404,811

  • 4 · Accounts receivable

    beginning of year $1,752,666 · end of year $545,952

  • 8 · Inventories for sale or use

    beginning of year $788,590 · end of year $696,663

  • 9 · Prepaid expenses and deferred charges

    beginning of year $87,259 · end of year $163,796

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

    $23,449,974

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

    $9,173,930

  • 10c · Land, buildings and equipment, net

    beginning of year $13,259,001 · end of year $14,276,044

  • 11 · Investments: publicly traded securities

    beginning of year $45,383,110 · end of year $49,042,873

  • 12 · Investments: other securities

    beginning of year $16,509 · end of year $15,981

  • 15 · Other assets

    beginning of year $68,843 · end of year $100,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $536,227 · end of year $585,720

  • 19 · Deferred revenue

    beginning of year $7,174 · end of year $12,275

  • 27 · Net assets without donor restrictions

    beginning of year $7,876,351 · end of year $9,403,206

  • 28 · Net assets with donor restrictions

    beginning of year $54,425,757 · end of year $55,270,077

Mission and programs · 2022

Mission

THE MARSH FOUNDATION IS A CHILDREN'S HOME AND SCHOOL FOR CHILDREN EXPERIENCING ADJUSTMENT PROBLEMS AND PROVIDES BEHAVIORAL TREATMENT AND FAMILY AND TREATMENT FOSTER CARE.

  • SCHOOLING FOR CHILDREN IN NEED OF FOSTER CARE AND/OR GROUP HOME RESIDENTIAL CARE. ITS PURPOSE IS TO ASSIST FAMILIES AND CHILDREN WHO ARE EXPERIENCING MILD TO MODERATE ADJUSTMENT PROBLEMS.

    Expenses $6,295,708 · Revenue $3,829,058

As filed on the 2022 return.

Listed in Part VII

  • Jeff Grothouse

    EXEC SEC

    Total calculated
    $105,856
    From this org
    $98,024
    From related orgs
    $0
    Other
    $7,832
    Hours/week
    40

  • Gary Corcoran

    TRUSTEE

    Total calculated
    $18,520
    From this org
    $18,520
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Gary Clay

    TRUSTEE

    Total calculated
    $18,479
    From this org
    $18,479
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

  • Robert Gamble

    TRUSTEE

    Total calculated
    $17,289
    From this org
    $17,289
    From related orgs
    $0
    Other
    $0
    Hours/week
    4

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

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2022
Filed
17 November 2023
IRS schema version
2022v5.0
Source object
202343219349300724

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