Nonprofit · EIN 77-0500312
MARKS FAMILY FOUNDATION
Tax-exempt · REDWOOD CITY, CA 94063
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $3,508,052 | $4,539,903 | -$1,031,851 | $50,002,128 | $55,645 | $49,946,483 |
| December 31, 2023 | 990-PF | $3,192,671 | $5,209,490 | -$2,016,819 | $51,414,254 | $404,535 | $51,009,719 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $2,115,500
- Dividends
- $800,241
- Interest
- $19,845
- Net gain from sales of assets
- $646,108
- Other income
- -$73,642
Expenses
- Grants and similar amounts paid
- $3,040,408
- Compensation of officers, directors and key employees
- $308,333
- Disbursements for charitable purposes
- $3,504,557
- Excise tax on investment income
- $9,473
Balance sheet and other
- Total assets, start of year
- $51,414,254
- Total assets, end of year
- $50,002,128
- Total liabilities, end of year
- $55,645
- Net assets, end of year
- $49,946,483
- Fair market value of assets
- $95,765,211
- Qualifying distributions
- $3,504,557
- Net investment income
- $1,535,617
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Amy Dornbusch Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir, Pres | 1 | $308,333 | $148 |
| Carole J Marks Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir | 1 | $0 | $0 |
| Michael E Marks Foundation Source 501 Silverside Rd, Wilmington, DE 198091377 | Dir | 1 | $0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| AMY MARKS DORNBUSCH PO BOX 6978, REDWOOD CITY, CA 94063 | PRESIDENT/CFO | 0 | $150,000 |
| CAROLE MARKS PO BOX 6978, REDWOOD CITY, CA 94063 | DIRECTOR | 0 | $0 |
| MICHAEL MARKS PO BOX 6978, REDWOOD CITY, CA 94063 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- PO BOX 6978, REDWOOD CITY, CA 94063-6978
- In care of
- % FOUNDATION SOURCE
- Signed the 990-PF
- Amy Dornbusch, President
- Phone
- (800) 839-1754
- Return prepared by
- Foundation Source
California records
California keeps its own records of charities and corporations. Search them by EIN 77-0500312 or by the name MARKS FAMILY FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 77-0500312
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 1999
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Philanthropy, voluntarism and grantmaking foundations (T21)
- Assets (IRS master file)
- $50,002,128
- Income (IRS master file)
- $5,322,647
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $3,508,052 | $4,539,903 | $50,002,128 | XML |
| 990-PF | December 2023 | $3,192,671 | $5,209,490 | $51,414,254 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 77-0500312).
Questions about MARKS FAMILY FOUNDATION
- What is the EIN of MARKS FAMILY FOUNDATION?
- The employer identification number (EIN) of MARKS FAMILY FOUNDATION is 77-0500312.
- Is MARKS FAMILY FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1999.
- Are donations to MARKS FAMILY FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does MARKS FAMILY FOUNDATION file?
- Form 990-PF. Private foundations file every year.
- When is the next return of MARKS FAMILY FOUNDATION due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MARKS FAMILY FOUNDATION last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of MARKS FAMILY FOUNDATION?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $308,333 (Amy Dornbusch, Dir, Pres).
- How much revenue does MARKS FAMILY FOUNDATION have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $3,508,052, expenses of $4,539,903 and total assets of $50,002,128 at year end.
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All nonprofits in REDWOOD CITY · California · Philanthropy, voluntarism and grantmaking foundations