The Martin Foundation FY2021 filing

Tax-deductible

Wilmington, DE501(c)(3)EIN 23-2182719Revenue $142K in FY2021

On file with the IRSFoundation Source 501 Silverside Rd, 19809-0000 · Wilmington, DETax-exempt since Dec 1981Private non-operating foundation

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501(c)(3) charity; gifts are tax-deductible.
Status: IRS Pub. 78

Before you give

FY2021 · Form 990-PFIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-PF
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 $77K a year · 46% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
990-PF Pt I · 5 filings
Cash reserves
3 mo
of spending, in cash
Fine: 2.9 months of spending in cash; 1 to 3.
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.
990-PF Pt II
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$142K
Spent
$315K
Net assets
$2.8M
By yearFY2021–FY2025
Revenue
$142K
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$142K
FY2022$240K
FY2023−$6K
FY2024$134K
FY2025$322K
Expenses
$315K
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$315K
FY2022$224K
FY2023$209K
FY2024$218K
FY2025$251K
Net assets
$2.8M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$2.8M
FY2022$2.8M
FY2023$2.6M
FY2024$2.5M
FY2025$2.6M

From the FY2021 Form 990 (year ending March 2021) · see the original

Form 990 (PDF) Claim
You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1981.

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

Where the money goes

What each dollar paid for.

Grants & contributions paid 90% · $284K Operating & administrative 10% · $31K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

The filing lists no officers, directors or key staff.

Part VII, Section A · reportable compensation
See The Martin Foundation executive salaries →

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Programs and updates

A private foundation based in Wilmington, DE.

Questions for The Martin Foundation

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Provided by the organization

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Grants and how to apply

Who it funds, and how to ask.

Who They Fund

Part XV · grants paid · 25 grants · $217K · 2024–2024
St Sebastians School INCMA · FY2024$25,000
New Hampton SchoolNH · FY2024$25,000
The Wily Network INCMA · FY2024$15,000
St Sebastians School INCMA · FY2024$15,000
George Stevens AcademyME · FY2024$12,500
Peninsula Ambulance CorpsME · FY2024$10,000
Lifeflight FoundationME · FY2024$10,000
Holderness SchoolNH · FY2024$5,000
Epiphany School INCFY2024$5,000
Denison UniversityOH · FY2024$5,000
St Philip Neri Catholic ChurchFY2024$2,000
Smile Train INCNY · FY2024$2,000
Ronald McDonald House Charities of the PhiladelphiFY2024$2,000
See all 25 grants →

Grantmaking Profile

Patterns in foundation giving
Distinct granteesPart XV17
Average grantPart XV$9K
Median grantPart XV$5K
Largest grantPart XV$34K
Top cause focusNTEEEducation (32%)

By the numbers

The FY2021 990-PF, line by line.

1The main four
Money in
$142K
Investment income$142K
Money out
$315K
Grants paid$284K
Running costs$31K
Owns and owes
$2.8M
net assets
Cash and savings$75K
Total assets$2.8M
Liabilities$0
2In more detail
Revenue in detail
Investment income$142K
Total revenue$142K
Assets in detailEnd of year
Cash and savings together$75K
Total assets$2.8M
Liabilities$0
Net assets$2.8M
Operations
Fiscal year endsMarch

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $322K$251K$71K$2.6M 990 PDF
FY2024 $134K$218K−$84K$2.5M 990 PDF
FY2023 −$6K$209K−$214K$2.6M 990 PDF
FY2022 $240K$224K$16K$2.8M 990 PDF
FY2021 Viewing $142K$315K−$173K$2.8M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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