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Nonprofiteer
← MARC ENDOWMENT INC

Form 990 for tax year 2023

Filed by MARC ENDOWMENT INC.

Totals

Total revenue
$158,365
Total expenses
$306,318
Contributions and grants received
$0
Grants paid
$289,155
Program service revenue
$0
Investment income
$158,365
Other revenue
$0
Total assets, end of year
$3,197,327
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$3,197,327
Program services expenses (Part IX)
$297,518
Management and general expenses
$8,800
Fundraising expenses
$0
Program service expenses (Part III)
$297,518

Program services were 97.1% 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.

  • 3 · Investment income

    total $146,247 · excluded $146,247

  • 7a · Gross sales of assets other than inventory

    securities $100,389

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

    securities $88,271

  • 7c · Gain or loss

    securities $12,118

  • 7d · Net gain or loss

    total $12,118 · excluded $12,118

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $289,155 · program services $289,155

  • 24a · Other expenses: SALES REFUND

    total $8,800 · management and general $8,800

  • 24b · Other expenses: MISCELLANEOUS

    total $8,363 · program services $8,363

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $0 · end of year $240,633

  • 2 · Savings and temporary cash investments

    beginning of year $26,751 · end of year $0

  • 11 · Investments: publicly traded securities

    beginning of year $2,833,928 · end of year $2,956,694

  • 17 · Accounts payable and accrued expenses

    beginning of year $17,162 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $493,109 · end of year $168,211

  • 28 · Net assets with donor restrictions

    beginning of year $2,350,408 · end of year $3,029,116

Mission and programs · 2023

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 $297,518 · Grants $289,155

As filed on the 2023 return.

Listed in Part VII

  • Andy Shaffer

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Tom Hill

    VICE-PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Charlie Davidson

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • Bob McNaughton

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Blake Cauthen

    BOARD DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • Clint Williamson

    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
2023
Filed
24 April 2025
IRS schema version
2023v6.0
Source object
202521219349300107

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