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Mareve Corporation

Not tax-deductible

Brooklyn, NYMutual-benefit / member-servingEIN 13-3701551

Hold title to investments, collect income therefrom, and distribute the entire income less expenses to the caroline and joseph s. Gruss monument life funds, INC.

100¢ of each $1 spent went to programs.
Run by 5 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $562K a year · 57% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
100%
of spending
Looks good: 100% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
<1 mo
of spending, in cash
Concern: 0.0 months of spending in cash; under 2 weeks.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$0
0% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
1
of 1 voting members
Looks good: 1 of 1 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$355K
+113% vs prior year
Spent
$2.5M
To programs
100%
Net assets
$3.8M
By yearFY2021–FY2025
Revenue
$355K
FY2025▲ +113%
Revenue by fiscal year
FY2021$119K
FY2022$4.1M
FY2023$245K
FY2024$167K
FY2025$355K
Expenses
$2.5M
FY2025▼ -43%
Expenses by fiscal year
FY2021$0
FY2022$0
FY2023$991K
FY2024$4.3M
FY2025$2.5M
Net assets
$3.8M
FY2025▼ -31%
Net assets by fiscal year
FY2021$11.0M
FY2022$9.7M
FY2023$9.0M
FY2024$5.5M
FY2025$3.8M

From the FY2025 Form 990 (year ending September 2025) · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Exemption reinstated (2020-02-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Aug 2021.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

100 cents of each dollar spent went to programs.

Program services 100% · $2.5M

Form 990 Part IX, line 25. Every line is in By the numbers.

Who runs it and what they're paid

1 person listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
Jason Cury
President
$0Pt VII · Sec A
See Mareve Corporation executive salaries →

Are you one of these people? Claim this org to confirm your role

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Manages investments, collects income, and distributes it to specific life funds.

Provided by the organization

This section is blank until Mareve Corporation claims this page.

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1 program service, described in the organization's own filed words · FY2024.
01

Support education in jewish day schools

Pt IX · col B

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Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · this organization's grantmaking
Grants paid · 3 grants · $6.8M · 2023–2024
Center for Initiatives in Jewish Education INCNY · FY2024$2,456,000
Center for Initiatives in Jewish Education INCNY · FY2023$3,195,000
Caroline & Joseph S Gruss Life Monument Funds INCNY · FY2023$1,145,000

By the numbers

The FY2025 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$355K
Ln 12
Investment incomeLn 3$355K
Money outPt IX
$2.5M
Ln 25
Programscol B$2.5M
Owns and owesPt X
$3.8M
net assets · Ln 32
Cash and savingsLn 1–2$3K
Total assetsLn 16$3.8M
LiabilitiesLn 26$0
PeoplePt VI, VII
1
listed · VII A
PaidVII A0
Voting boardVI 1a1
IndependentVI 1b1
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$355K
Gains on assetsLn 7$296K
Total revenueLn 12$355K
Assets in detailPt X, end of year
SavingsLn 2$3K
Cash and savings togetherLn 1–2$3K
InvestmentsLn 11–13$3.8M
Total assetsLn 16$3.8M
LiabilitiesLn 26$0
Net assetsLn 32$3.8M
OperationsPt I, VI
EmployeesI 50
VolunteersI 65
Fiscal year endsHeaderSeptember
Conflict-of-interest policyVI 12aNo
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$443K$3K
InvestmentsLn 11–13$5.1M$3.8M
Total assetsLn 16$5.5M$3.8M
LiabilitiesLn 26$0$0
Net assetsLn 32$5.5M$3.8M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$2.5M$2.5M
Total functional expensesLn 25$2.5M$2.5M$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $355K$2.5M−$2.1M$3.8M 990 PDF
FY2024 $167K$4.3M−$4.2M$5.5M 990 PDF
FY2023 $245K$991K−$746K$9.0M 990 PDF
FY2022 $4.1M$0$4.1M$9.7M 990 PDF
FY2021 $119K$0$119K$11.0M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $355,042 across 3 lines filed
VIII-3 Investment incomeUnrelated business $0 · Excluded from tax $58,938$58,938
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax $296,104$296,104
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $355,042$355,042
Part IX · Statement of functional expenses $2,456,000 across 1 line filed
IX-1 Grants to domestic organizationsPrograms $2,456,000$2,456,000
IX-25 Total functional expensesPrograms $2,456,000 · Management $0 · Fundraising $0$2,456,000
Part X · Balance sheet $3,808,885 assets, 6 lines filed
X-2 Savings and temporary cash investmentsStart of year $443,400$2,550
X-12 Other securitiesStart of year $5,083,324$3,806,335
X-16 Total assetsStart of year $5,526,724$3,808,885
X-26 Total liabilitiesStart of year $0$0
X-32 Total net assets or fund balancesStart of year $5,526,724$3,808,885
X-33 Total liabilities and net assetsStart of year $5,526,724$3,808,885
Part XI · Reconciliation of net assets $3,808,885 net assets at year end
XI-1 Total revenue$355,042
XI-2 Total expenses$2,456,000
XI-3 Revenue less expenses−$2,100,958
XI-4 Net assets at start of year$5,526,724
XI-5 Net unrealized gains (losses) on investments$383,119
XI-10 Net assets at end of year$3,808,885

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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