Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 1970.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
85 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
12 people listed on the 990.
Shannon Tiernan’s $67K as Exec Director is at the 11th percentile of top reported officer pay among 1691 $1–10M philanthropy & grantmaking nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
See Marshall Community Foundation executive salaries →Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2Yes
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Manages endowments and grants funds for community projects.
Questions for Marshall Community Foundation
Your first name shows with your question. Marshall Community Foundation answers here, for everyone.
To manage community endowment funds and distribute grants from the earnings of the endowment.
Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 23-7011281) · Dispute this lineFunders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2025 990, line by line.
Download 990
| Line | FY25 | FY24 | FY23 | FY22 | FY21 |
|---|---|---|---|---|---|
| End of yearLn 1g | $18.6M | $17.3M | $14.3M | $12.2M | $14.7M |
| AddedLn 1b | $2.2M | $278K | $983K | $486K | $2.6M |
| SpentLn 1d–1f | $938K | $903K | $869K | $478K | $467K |
| Line | Start FY25 | End FY25 |
|---|---|---|
| Cash and savingsLn 1–2 | $612K | $1.2M |
| InvestmentsLn 11–13 | $23.5M | $25.2M |
| Total assetsLn 16 | $24.1M | $26.4M |
| LiabilitiesLn 26 | $109K | $126K |
| Net assetsLn 32 | $24.0M | $26.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $1.0M | $1.0M | ||
| Grants to domestic individualsLn 2 | $239K | $239K | ||
| Other salaries and wagesLn 7 | $171K | $92K | $41K | $38K |
| Pension plan contributionsLn 8 | $5K | $3K | $1K | $1K |
| Other employee benefitsLn 9 | $179 | $96 | $43 | $40 |
| Payroll taxesLn 10 | $13K | $7K | $3K | $3K |
| Accounting feesLn 11c | $27K | $27K | ||
| Advertising and promotionLn 12 | $20K | $20K | ||
| Office expensesLn 13 | $5K | $3K | $1K | $1K |
| OccupancyLn 16 | $3K | $2K | $768 | $704 |
| Conferences, conventions and meetingsLn 19 | $452 | $244 | $108 | $100 |
| InsuranceLn 23 | $4K | $2K | $974 | $893 |
| Other expenses (24a–d)Ln 24 | $125K | $16K | $10K | $99K |
| All other expensesLn 24e | $12K | $7K | $2K | $2K |
| Total functional expensesLn 25 | $1.6M | $1.4M | $87K | $166K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 Latest ViewingFiled with the IRS Aug 5, 2026 | $2.7M | $1.6M | $1.0M | $26.3M | 990 PDF |
| FY2024Filed with the IRS Feb 14, 2025 | $1.9M | $1.4M | $475K | $24.0M | 990 PDF |
| FY2023Filed with the IRS Feb 13, 2024 | $2.0M | $1.2M | $833K | $19.9M | 990 PDF |
| FY2022Filed with the IRS Jul 3, 2023 | $1.8M | $1.0M | $790K | $17.1M | 990 PDF |
| FY2021Filed with the IRS Jul 8, 2022 | $6.3M | $953K | $5.4M | $20.8M | 990 PDF |
| FY2020Filed with the IRS Aug 12, 2021 | $1.0M | $1.1M | −$90K | $15.4M | 990 PDF |
Schedules filed Part IV
See the full FY2025 990
Part I · Summary $2,651,949 revenue, 12 lines filed
Part VI · Governance 12 of 12 board members independent, 1 to look at
Part VIII · Statement of revenue $2,651,949 across 6 lines filed
Part IX · Statement of functional expenses $1,649,432 across 14 lines filed
Part X · Balance sheet $26,415,718 assets, 9 lines filed
Part XI · Reconciliation of net assets $26,289,377 net assets at year end
Form 990 e-file FY2025 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File
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