Marvin Thomas Memorial EIN 91-2032294 Form 990 (PDF) Claim this org

Marvin Thomas Memorial

Not yet claimed Claim this org →

Empowers Seattle youth, honoring Marvin Thomas's legacy through impactful programs. For fiscal year 2024 it reported $263K in revenue, $287K in expenses, and $36K in net assets.Pt I

Type
Public charity (501(c)(3)) · Medical Research
Location
Seattle, WA
Website
www.marvinthomasmemorial.org
Filings
5 on file (2020–2024)
Revenue
$263KFY2024
Expenses
$287K
Net assets
$36K
People
7
Filings
5
Updates
0
More identity details & actions ⌄
EIN  91-2032294 Public charity (501(c)(3)) Seattle, WA
Form 990 (PDF)
Compare with another nonprofit →
Is this your organization?
Claim this profile to manage it and share your story.
Claim
Provided by the organization

This section is blank until Marvin Thomas Memorial claims this page.

Know this organization? Claim it to add your story

Size
$100K–1M
What they do
Empowers Seattle youth, honoring Marvin Thomas's legacy through impactful programs.
Leadership
Marvena Kemp · President
Money in and out
$263K revenue, $287K expenses
Bottom line
57% program efficiency
Where the money goes · FY2024
Total revenue
$263K
Pt VIII · Ln 12
Total expenses
$287K
Pt IX · Ln 25
Net assets
$36K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$24K
Where spending went · Part IX cols B–D
Program services $0.57 Management & general $0.43
Program efficiency
57%
of spending reaches programs
Operating runway
1.5mo
months of highly liquid reserves at operating expense rate▼ -72% vs prior filing year
Surplus margin
-9%
revenue over expenses, this year▲ +91% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$263K
FY2024▲ +279%
Expenses
$287K
FY2024▲ +593%
Total assets
$36K
FY2024▲ +15%
Total liabilities
$0
FY2024
Total revenue
$263K
Pt VIII · Ln 12
Total expenses
$287K
Pt IX · Ln 25
Net assets
$36K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$24K
Total assetsPt X · Ln 16$36K
Program-expense ratioPt IX · col B57%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMarvin Thomas Memorial
EINHdr · item D91-2032294
Principal addressHdr · item CSeattle, WA
WebsiteHdr · item Jwww.marvinthomasmemorial.org
Year of formationHdr · item Lpending
State of legal domicileHdr · item MWA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMedical Research (H11)
Ruling yearIRS BMFJul 2000

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Logistics and Transportation
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Finance and Operations
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Marvin Thomas Memorial executive salaries →

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

Mission & Programs · Part III

Where the work happens

1 program service account for $50K of program spending, described in the organization's own filed words · FY2024.
01

Healing Group

We serve young Black and Brown ladies between 12 and 17; however, all are welcome. In 2022, we launched G.RO.W., an 8-week summer program to help 15 predominantly Black young ladies navigate the pressures of teenage life and be that village when there is a missing component of the family and community dynamic.

$50Kprogram expense

Run this program? Claim this org to tell your story

Statement of Revenue

Part VIII
Contributions & grants$204K · 78%
Program service revenue$59K · 22%
Contributions & grants78%$204K
Program service revenue22%$59K
Total revenueLn 12$263K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.57 Management & general $0.43
Program services57%$165K
Management & general43%$122K
Total functional expensesLn 25$287K

Balance Sheet

Part X · end of year
CashLn 1$36K
Total assetsLn 16$36K
Total liabilitiesLn 26$0
Total net assetsLn 32$36K
Months of cash on handcomputed1.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $36K · Operating expenses/yr $287K
1.5 months
Where the money goes
Program services
Program services $165K · Total expenses $287K
57%
Management & General
Management & general $122K · Total expenses $287K
43%
Fundraising
Fundraising $0 · Total expenses $287K
0%
Cost to raise $1
Fundraising expense (2-yr avg) $353 · Solicited contributions (2-yr avg) $107K
$0.00 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $204K · Total revenue $263K
78%
Government reliance
Government grants — · Total revenue $263K
Earned-income share
Program service revenue $59K · Total revenue $263K
22%
Investment reliance
Investment income $0 · Total revenue $263K
0%
Program self-sufficiency
Program service revenue $59K · Total expenses $287K
20%
Growth & trend
Revenue growth (YoY)
This year $263K · Prior year $69K
+279%
Revenue CAGR
FY2020 $110K · FY2024 $263K
+24%
Net-asset trend (YoY)
End of year $36K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $263K · Expenses $287K
-9%
Liabilities-to-Assets
Total liabilities — · Total assets $36K
Net-asset ratio
Net assets $36K · Total assets $36K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $36K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Marvena Kemp · Reported title President · Highest reported compensation $0 · Total expenses $287K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $12K · Total expenses $287K
4%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 57%
Overhead ratio 43%
Fundraising cost ratio 0%
Revenue growth 279%
Accounting fee ratio 0.4%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · received and paid
Grants received · FY2024
Total grants receivedfrom 2 funders$11K
Grants paid · 1 grant · $25K · 2020–2020
Unitemized GrantFY2020$25,000

Similar Organizations

Closest in mission — by what they do
See all organizations like Marvin Thomas Memorial →

Compare

Search another nonprofit to view revenue, expenses, assets, key metrics, and leaders side by side

Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$263K revenue · viewing · ⤓ 990 PDF
FY2023$69K revenue · ⤓ 990 PDF
FY2022$105K revenue · ⤓ 990 PDF
FY2021$135K revenue · ⤓ 990 PDF
FY2020$110K revenue · ⤓ 990 PDF

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

Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the peer-cohort and compensation comparisons above.