Marble Freedom Trust FY2021 filing

North Salt Lake, UTUnknown exempt organizationSince 2020 EIN 85-0784793Revenue $1.6B in FY2021

On file with the IRS915 S Silvertree Ln · North Salt Lake, UT

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The Trust exists to maintain and expand human freedom consistent with the values and ideals set forth in the Declaration of Independence and the Constitution of the United States.

100¢ of each $1 spent went to programs.
$350K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Programs: Part IX · Pay: Part VII

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
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
1 of 5
filings with a surplus
Average surplus $159.0M a year · 43% of revenue · last 5 filings
Worth a look: a surplus in 1 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
Pay to officers and key staff
$350K
to officers and key staff · 0.2% of spending
Looks good: pay to officers and key staff is 0% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $1.39B in investments, Pt X · Ln 11–13
Fine: 0.8 months of spending in cash, plus $1.39B in investments.
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
2
of 3 voting members
Looks good: 2 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$1.6B
Spent
$229.7M
To programs
100%
Net assets
$1.4B
By yearFY2021–FY2025
Revenue
$1.6B
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$1.6B
FY2022$26.6M
FY2023$48.5M
FY2024$62.3M
FY2025$77.3M
Expenses
$229.7M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$229.7M
FY2022$184.9M
FY2023$223.6M
FY2024$200.7M
FY2025$223.6M
Net assets
$1.4B
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$1.4B
FY2022$1.2B
FY2023$1.0B
FY2024$992.1M
FY2025$877.6M

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

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 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% · $228.7M Management & general 0% · $918K

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

3 people listed on the 990; $350K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
Trustee and Chairman
$350,000Pt VII · Sec A
Administrative Trustee
$0Pt VII · Sec A
Successor Trustee
$0Pt VII · Sec A

Compensation history total reportable pay by year · 3 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021
Alex Marshall$901,000$810,000$900,000$764,744—
Leonard a Leo$500,000$600,000$400,000$400,000—
Leonard Leo————$350,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Marble Freedom Trust executive salaries →

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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 15aNo

Programs and updates

Promotes human freedom based on American founding principles.

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Provided by the organization

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1 program · $228.7M · in their own filed words · FY2020
01

The Trust reviewed and approved grants to maintain and expand human freedom, and planned for its future as a new organization.

$228.7Mprogram expense

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 · 21 grants · $1.4B · 2020–2024
Donor Advised Charitable Giving INCCO · FY2024$157,650,000
The Concord FundVA · FY2024$33,450,000
Lexington FundVA · FY2024$14,750,000
Rule of Law TrustVA · FY2024$400,000
Donor Advised Charitable Giving INCCO · FY2023$122,000,000
The Concord FundVA · FY2023$60,450,000
Donor Advised Charitable Giving INCCO · FY2022$153,750,000
The Concord FundVA · FY2022$55,500,000
Donor Advised Charitable Giving INCCO · FY2021$153,800,000
Donor Advised Charitable Giving INCCO · FY2021$153,800,000
Donor Advised Charitable Giving INCCO · FY2021$153,800,000
The Concord FundVA · FY2021$28,900,000
The Concord FundVA · FY2021$28,900,000
The Concord FundVA · FY2021$28,900,000
Rule of Law TrustVA · FY2020$153,000,000
See all 21 grants →

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$1.6B
Ln 12
Gifts and grantsLn 1h$1.6B
Investment incomeLn 3$39.1M
Money outPt IX
$229.7M
Ln 25
Programscol B$228.7M
Managementcol C$918K
Owns and owesPt X
$1.4B
net assets · Ln 32
Cash and savingsLn 1–2$14.5M
Total assetsLn 16$1.4B
LiabilitiesLn 26$0
PeoplePt VI, VII
3
listed · VII A
PaidVII A1
Voting boardVI 1a3
IndependentVI 1b2
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$1.6B
Government grantsLn 1e$0
Noncash giftsLn 1g$1.60B
Fundraising eventsLn 1c$0
Investment incomeLn 3$39.1M
Gains on assetsLn 7−$940K
Total revenueLn 12$1.6B
Assets in detailPt X, end of year
CashLn 1$14.5M
SavingsLn 2$0
Cash and savings togetherLn 1–2$14.5M
InvestmentsLn 11–13$1.39B
Total assetsLn 16$1.4B
LiabilitiesLn 26$0
Net assetsLn 32$1.4B
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderApril
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$0$14.5M
InvestmentsLn 11–13$0$1.39B
Total assetsLn 16$0$1.41B
LiabilitiesLn 26$0$0
Net assetsLn 32$0$1.41B
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$228.6M$228.6M
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of current officers, directors and key staffLn 5$550K$146K$404K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$89K$0$89K$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$7K$0$7K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$242K$0$242K$0
Accounting feesLn 11c$20K$0$20K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$27K$0$27K$0
Other fees for servicesLn 11g$126K$0$126K$0
Advertising and promotionLn 12$0$0$0$0
Office expensesLn 13$760$0$760$0
Information technologyLn 14$175$0$175$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$0$0$0$0
TravelLn 17$2K$0$2K$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$0$0$0$0
InterestLn 20$0$0$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$0$0$0$0
InsuranceLn 23$0$0$0$0
All other expensesLn 24e$0$0$0$0
Total functional expensesLn 25$229.7M$228.7M$918K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $77.3M$223.6M−$146.3M$877.6M 990 PDF
FY2024 $62.3M$200.7M−$138.4M$992.1M 990 PDF
FY2023 $48.5M$223.6M−$175.2M$1.0B 990 PDF
FY2022 $26.6M$184.9M−$158.3M$1.2B 990 PDF
FY2021 Viewing $1.6B$229.7M$1.4B$1.4B 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants M · Noncash J · Pay O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $1,642,871,821 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$1,603,791,362
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $0$39,080,459
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $0$1,642,871,821
I-13 Grants and similar amounts paidPrior year $0$228,600,000
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$645,995
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $0$417,695
I-18 Total expensesPrior year $0$229,663,690
I-19 Revenue less expensesPrior year $0$1,413,208,131
Part VI · Governance 2 of 3 board members independent, 4 to look at
VI-1a Voting members of the governing body3
VI-1b Independent voting members2
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $1,642,871,821 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$1,603,791,362
VIII-1g Noncash contributions (included above)$1,603,696,262
VIII-1h Total contributions, gifts and grants$1,603,791,362
VIII-3 Investment incomeRelated to mission $0 · Unrelated business $0 · Excluded from tax $40,020,459$40,020,459
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-7 Net gain or loss on sales of assetsRelated to mission $0 · Unrelated business $0 · Excluded from tax −$940,000−$940,000
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $39,080,459$1,642,871,821
Part IX · Statement of functional expenses $229,663,690 across 30 lines filed
IX-1 Grants to domestic organizationsPrograms $228,600,000$228,600,000
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of current officers, directors and key staffPrograms $145,600 · Management $404,400 · Fundraising $0$550,000
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $0 · Management $89,302 · Fundraising $0$89,302
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $0 · Management $6,693 · Fundraising $0$6,693
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $242,158 · Fundraising $0$242,158
IX-11c Accounting feesPrograms $0 · Management $20,000 · Fundraising $0$20,000
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $26,564 · Fundraising $0$26,564
IX-11g Other fees for servicesPrograms $0 · Management $125,600 · Fundraising $0$125,600
IX-12 Advertising and promotionPrograms $0 · Management $0 · Fundraising $0$0
IX-13 Office expensesPrograms $0 · Management $760 · Fundraising $0$760
IX-14 Information technologyPrograms $0 · Management $175 · Fundraising $0$175
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $0 · Management $0 · Fundraising $0$0
IX-17 TravelPrograms $0 · Management $2,438 · Fundraising $0$2,438
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $0 · Fundraising $0$0
IX-20 InterestPrograms $0 · Management $0 · Fundraising $0$0
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $0 · Management $0 · Fundraising $0$0
IX-23 InsurancePrograms $0 · Management $0 · Fundraising $0$0
IX-24e All other expensesPrograms $0 · Management $0 · Fundraising $0$0
IX-25 Total functional expensesPrograms $228,745,600 · Management $918,090 · Fundraising $0$229,663,690
Part X · Balance sheet $1,413,208,131 assets, 21 lines filed
Asset lines not itemized here account for $7,000,000; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $0$14,517,975
X-2 Savings and temporary cash investmentsStart of year $0$0
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-11 Publicly traded securitiesStart of year $0$1,391,690,156
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $0$0
X-16 Total assetsStart of year $0$1,413,208,131
X-17 Accounts payable and accrued expensesStart of year $0$0
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $0$0
X-27 Net assets without donor restrictionsStart of year $0$1,413,208,131
X-28 Net assets with donor restrictionsStart of year $0$0
X-32 Total net assets or fund balancesStart of year $0$1,413,208,131
X-33 Total liabilities and net assetsStart of year $0$1,413,208,131
Part XI · Reconciliation of net assets $1,413,208,131 net assets at year end
XI-1 Total revenue$1,642,871,821
XI-2 Total expenses$229,663,690
XI-3 Revenue less expenses$1,413,208,131
XI-4 Net assets at start of year$0
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$1,413,208,131

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

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