S & L Marx Foundation Inc

Greenwich, CT
Tax-exempt since April 2004
EIN: 20-0677535

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Philanthropy, Voluntarism and Grantmaking Foundations / Private Grantmaking Foundations (NTEE)

Donations to this organization are tax deductible.

Revenue

$3.7M (2023)

Expenses

$5.38M (2023)

Total Assets

$75.4M (2023)

Total Liabilities

$0 (2023)

Years with missing data

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$3,702,800

Expenses

$5,375,670

Net Income

-$1,672,870

Net Assets

$75,370,635

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$321,141	8.7%
Dividends	$2,369,054	64.0%
Sales of Assets	$448,645	12.1%
Other Income	$563,960	15.2%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,022,569	93.4%
Compensation of Officers*	$180,000	3.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$75,370,635
Total Liabilities	$0
Net Assets	$75,370,635

Compensation

Key Employees and Officers	Compensation	Other
Nancy M Better (Executive Dir, Sec)	$180,000	$0
Laura Weintraub Beck (Dir)	$0	$0
Charles Better (Dir)	$0	$0
David Better (Dir)	$0	$0
James Better (Dir, Treas)	$0	$0
Sarah Better (Dir)	$0	$0
Sylvia Marx (Dir, Pres)	$0	$0

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990-PF

Filed on Oct. 10, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$5,891,144

Expenses

$5,364,257

Net Income

$526,887

Net Assets

$77,043,505

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$85,325	1.4%
Dividends	$2,581,224	43.8%
Sales of Assets	$2,873,761	48.8%
Other Income	$350,834	6.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$5,009,293	93.4%
Compensation of Officers*	$171,000	3.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$77,043,505
Total Liabilities	$0
Net Assets	$77,043,505

Compensation

Key Employees and Officers	Compensation	Other
Nancy M Better (Executive Dir, Sec)	$171,000	$0
Charles Better (Dir)	$0	$0
David Better (Dir)	$0	$0
James Better (Dir, Treas)	$0	$0
Sarah Better (Dir)	$0	$0
Leonard Marx (Dir)	$0	$0
Sylvia Marx (Dir, Pres)	$0	$0

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990-PF

Filed on Nov. 14, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2021

Revenue

$8,473,430

Expenses

$5,306,813

Net Income

$3,166,617

Net Assets

$76,516,618

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,061	0.0%
Dividends	$3,438,757	40.6%
Sales of Assets	$4,964,998	58.6%
Other Income	$68,614	0.8%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,998,076	94.2%
Compensation of Officers*	$161,000	3.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$76,516,618
Total Liabilities	$0
Net Assets	$76,516,618

Compensation

Key Employees and Officers	Compensation	Other
Nancy M Better (Executive Dir, Sec)	$161,000	$0
Charles Better (Dir)	$0	$0
David Better (Dir)	$0	$0
James Better (Dir)	$0	$0
Sarah Better (Dir)	$0	$0
Leonard Marx (Dir, Treas)	$0	$0
Sylvia Marx (Dir, Pres)	$0	$0

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990-PF

Filed on Nov. 15, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$3,308,742

Expenses

$5,029,475

Net Income

-$1,720,733

Net Assets

$73,350,000

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$8,605	0.3%
Dividends	$1,963,133	59.3%
Sales of Assets	$1,007,777	30.5%
Other Income	$329,227	10.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,816,292	95.8%
Compensation of Officers*	$150,000	3.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$73,350,001
Total Liabilities	$1
Net Assets	$73,350,000

Compensation

Key Employees and Officers	Compensation	Other
Nancy M Better (Executive Dir, Sec)	$150,000	$0
Sylvia Marx (President/Director)	$0	$0
James Better (Director)	$0	$0
Leonard Marx (Treasurer/Director)	$0	$0
Charles Better (Director)	$0	$0
David Better (Director)	$0	$0
Sarah Better (Director)	$0	$0

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990-PF

Filed on Nov. 9, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

990-T

For unrelated business income from activities not substantially related to the organization's tax-exempt purpose

PDF

Fiscal Year Ending Dec.
2019

Revenue

$3,654,661

Expenses

$5,015,602

Net Income

-$1,360,941

Net Assets

$90,600,084

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,187,243	59.8%
Sales of Assets	$1,433,540	39.2%
Other Income	$33,878	0.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,620,106	92.1%
Compensation of Officers*	$150,000	3.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$90,600,085
Total Liabilities	$1
Net Assets	$90,600,084

Compensation

Key Employees and Officers	Compensation	Other
Nancy Marx Better (Secy/Exec Dir)	$150,000	$0
James Better (Director)	$0	$0
Leonard Marx (Co Tresaurer)	$0	$0
Sylvia Marx (President)	$0	$0
Charles Better (Co Tresaurer)	$0	$0
David Better (Director)	$0	$0
Sarah Better (Director)	$0	$0

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990-PF

Filed on Aug. 10, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$8,353,655

Expenses

$4,990,781

Net Income

$3,362,874

Net Assets

$78,248,963

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$2,206,937	26.4%
Sales of Assets	$6,113,725	73.2%
Other Income	$32,993	0.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,600,674	92.2%
Compensation of Officers*	$142,500	2.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$78,248,963
Total Liabilities	$0
Net Assets	$78,248,963

Compensation

Key Employees and Officers	Compensation	Other
Nancy Marx Better (Secy/Exec Dir)	$142,500	$0
James Better (Treasurer)	$0	$0
Leonard Marx (Director)	$0	$0
Sylvia Marx (President)	$0	$0

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990-PF

Filed on Nov. 14, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2016

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2015

Revenue

$4,070,092

Expenses

$4,484,582

Net Income

-$414,490

Net Assets

$81,427,391

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,533,266	37.7%
Sales of Assets	$2,189,341	53.8%
Other Income	$347,485	8.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,388,726	97.9%
Compensation of Officers*	$120,000	2.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$81,427,391
Total Liabilities	$0
Net Assets	$81,427,391

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2014

Revenue

$4,193,938

Expenses

$4,516,359

Net Income

-$322,421

Net Assets

$87,964,735

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,564,416	37.3%
Sales of Assets	$2,432,837	58.0%
Other Income	$196,685	4.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,427,385	98.0%
Compensation of Officers*	$120,000	2.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$87,964,735
Total Liabilities	$0
Net Assets	$87,964,735

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2013

Revenue

$3,334,381

Expenses

$4,323,018

Net Income

-$988,637

Net Assets

$86,243,940

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,564,801	46.9%
Sales of Assets	$1,499,867	45.0%
Other Income	$269,713	8.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,278,984	99.0%
Compensation of Officers*	$98,000	2.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$86,243,940
Total Liabilities	$0
Net Assets	$86,243,940

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$2,981,004

Expenses

$4,087,986

Net Income

-$1,106,982

Net Assets

$79,465,565

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,819,232	61.0%
Sales of Assets	$896,089	30.1%
Other Income	$265,683	8.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$4,042,648	98.9%
Compensation of Officers*	$96,000	2.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$79,465,565
Total Liabilities	$0
Net Assets	$79,465,565

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$3,258,627

Expenses

$3,844,204

Net Income

-$585,577

Net Assets

$76,111,817

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$1,739,956	53.4%
Sales of Assets	$1,110,950	34.1%
Other Income	$407,721	12.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$3,745,581	97.4%
Compensation of Officers*	$95,000	2.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$76,111,817
Total Liabilities	$0
Net Assets	$76,111,817

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

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S & L Marx Foundation Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $3.7M (2023)

Expenses $5.38M (2023)

Total Assets $75.4M (2023)

Total Liabilities $0 (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

990-T

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2016

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Revenue

$3.7M (2023)

Expenses

$5.38M (2023)

Total Assets

$75.4M (2023)

Total Liabilities

$0 (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2006

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004