EIN 31-1807636

Marc Endowment

IRS 501(c) type
501(c)(3)
Num. employees
0
State
Year formed
2001
Most recent tax filings
2023-06-01
Description
The organization operates for the exclusive benefit of MARC, Inc. by making grants to or for the benefit of MARC, Inc, and/or engaging in activities that support or benefit MARC, Inc. The board of directors manages an endowment fund with a portfolio of debt and equity securities, CDs, and cash.
Related structure
Marc Endowment is a subordinate organization under Spectrum of Solutions.
Total revenues
$335,535
2023
Total expenses
$96,726
2023
Total assets
$2,860,679
2023
Num. employees
0
2023

Program areas at Marc Endowment

The Organization manages an endowment fund and engages in activities for the exclusive benefit of MARC, Inc.

Grants made by Marc Endowment

GranteeGrant descriptionAmount
Spectrum of SolutionsCapital Improvements and Repairs$88,363

Who funds Marc Endowment

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
Spectrum of SolutionsGrant To Supporting Organization for Endowment$273,394
FMH FoundationGeneral Operations$100,000
Helen Greathouse Charitable TrustGeneral Support$75,000
...and 10 more grants received

Personnel at Marc Endowment

NameTitleCompensation
Kayla MinchewExecutive Director$0
Gilbert AbilaVice President / Treasurer$0
Andy ShafferVice President / Treasurer / Director$0
Charlie DavidsonTreasurer / Director$0
Tom HillSecretary$0
...and 5 more key personnel

Financials for Marc Endowment

RevenuesFYE 06/2023
Total grants, contributions, etc.$273,394
Program services$0
Investment income and dividends$62,141
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$335,535

Form 990s for Marc Endowment

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-14990View PDF
2022-062023-05-02990View PDF
2021-062022-07-18990View PDF
2020-062021-04-14990View PDF
2019-062020-11-19990View PDF
...and 9 more Form 990s
Data update history
October 23, 2024
Received grants
Identified 5 new grant, including a grant for $75,000 from Helen Greathouse Charitable Trust
August 13, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 10, 2024
Received grants
Identified 7 new grant, including a grant for $273,394 from Spectrum of Solutions
October 22, 2023
Received grants
Identified 1 new grant, including a grant for $75,000 from Helen Greathouse Charitable Trust
July 22, 2023
Received grants
Identified 1 new grant, including a grant for $40,000 from Rea Charitable Trust - Main
Nonprofit Types
Grantmaking organizationsSchoolsChapter / child organizationsCharities
Issues
Education
Characteristics
Endowed supportTax deductible donationsNo full-time employees
General information
Address
2701 N A St
Midland, TX 79705
Metro area
Midland, TX
County
Midland County, TX
Phone
(432) 695-9901
IRS details
EIN
31-1807636
Fiscal year end
June
Taxreturn type
Form 990
Year formed
2001
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
B82: Scholarships, Student Financial Aid Services
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Subordinate organization
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