Nicholas Martini Foundation

Newark, NJ
Tax-exempt since Aug. 1986
EIN: 22-2756049

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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.

Donations to this organization are tax deductible.

Revenue

$214k (2023)

Expenses

$1.21M (2023)

Total Assets

$11.3M (2023)

Total Liabilities

$29.7k (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

$214,379

Expenses

$1,214,441

Net Income

-$1,000,062

Net Assets

$11,288,574

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$117,280	54.7%
Dividends	$109,219	50.9%
Sales of Assets	-$28,262
Other Income	$16,142	7.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,097,689	90.4%
Compensation of Officers*	$33,000	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	$11,318,282
Total Liabilities	$29,708
Net Assets	$11,288,574

Compensation

Key Employees and Officers	Compensation	Other
William J Martini (Trustee/President)	$22,000	$0
Gail A Hansen (Trustee)	$10,000	$0
William J Martini Jr (Trustee)	$1,000	$0

990-PF

Filed on Nov. 13, 2024

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$144,681

Expenses

$691,960

Net Income

-$547,279

Net Assets

$12,288,636

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$105,887	73.2%
Dividends	$71,889	49.7%
Sales of Assets	-$47,168
Other Income	$14,073	9.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$557,982	80.6%
Compensation of Officers*	$35,000	5.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,290,000
Total Liabilities	$1,364
Net Assets	$12,288,636

Compensation

Key Employees and Officers	Compensation	Other
William J Martini (Trustee/President)	$22,000	$0
Gail A Hansen (Trustee)	$10,000	$0
William J Martini Jr (Trustee)	$3,000	$0

990-PF

Filed on Oct. 11, 2023

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$1,081,890

Expenses

$1,542,227

Net Income

-$460,337

Net Assets

$12,835,915

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$172,003	15.9%
Dividends	$173,746	16.1%
Sales of Assets	$709,697	65.6%
Other Income	$26,444	2.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,456,202	94.4%
Compensation of Officers*	$32,000	2.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,844,838
Total Liabilities	$8,923
Net Assets	$12,835,915

Compensation

Key Employees and Officers	Compensation	Other
William J Martini (Trustee/President)	$23,000	$0
Gail A Hansen (Trustee)	$8,000	$0
William J Martini Jr (Trustee)	$1,000	$0

990-PF

Filed on Nov. 4, 2022

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2020

Revenue

$1,950,292

Expenses

$1,038,230

Net Income

$912,062

Net Assets

$13,296,252

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$29	0.0%
Dividends	$355,060	18.2%
Sales of Assets	$1,584,375	81.2%
Other Income	$10,828	0.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$941,435	90.7%
Compensation of Officers*	$30,000	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	$13,321,530
Total Liabilities	$25,278
Net Assets	$13,296,252

Compensation

Key Employees and Officers	Compensation	Other
William J Martini (Trustee/President)	$22,000	$0
Gail A Hansen (Trustee)	$8,000	$0
William J Martini Jr (Trustee)	$0	$0

990-PF

Filed on Nov. 16, 2021

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

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2019

Revenue

$1,063,534

Expenses

$1,249,558

Net Income

-$186,024

Net Assets

$12,384,189

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$398	0.0%
Dividends	$381,962	35.9%
Sales of Assets	$676,137	63.6%
Other Income	$5,037	0.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$1,127,235	90.2%
Compensation of Officers*	$20,000	1.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,384,190
Total Liabilities	$1
Net Assets	$12,384,189

Compensation

Key Employees and Officers	Compensation	Other
William J Martini (Trustee/President)	$16,500	$0
Gail A Hansen (Trustee)	$8,000	$0
William J Martini Jr (Trustee)	$1,000	$0

990-PF

Filed on Nov. 16, 2020

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

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2018

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

$861,001

Expenses

$685,601

Net Income

$175,400

Net Assets

$13,257,610

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$431,722	50.1%
Sales of Assets	$444,573	51.6%
Other Income	-$15,294

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$568,571	82.9%
Compensation of Officers*	$25,000	3.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,257,610
Total Liabilities	$0
Net Assets	$13,257,610

990-PF

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

PDF

Fiscal Year Ending Dec.
2014

Revenue

$1,554,569

Expenses

$734,102

Net Income

$820,467

Net Assets

$13,082,210

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$482,854	31.1%
Sales of Assets	$1,075,319	69.2%
Other Income	-$3,604

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$599,510	81.7%
Compensation of Officers*	$28,000	3.8%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$13,082,210
Total Liabilities	$0
Net Assets	$13,082,210

990-PF

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

PDF

Fiscal Year Ending Dec.
2013

Revenue

$957,803

Expenses

$568,889

Net Income

$388,914

Net Assets

$12,261,743

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$431,393	45.0%
Sales of Assets	$528,598	55.2%
Other Income	-$2,188

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$441,641	77.6%
Compensation of Officers*	$28,000	4.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$12,294,688
Total Liabilities	$32,945
Net Assets	$12,261,743

990-PF

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

PDF

Fiscal Year Ending Dec.
2012

Revenue

$718,771

Expenses

$702,175

Net Income

$16,596

Net Assets

$11,872,829

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$0
Dividends	$427,239	59.4%
Sales of Assets	$289,717	40.3%
Other Income	$1,815	0.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$598,674	85.3%
Compensation of Officers*	$28,000	4.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,890,588
Total Liabilities	$17,759
Net Assets	$11,872,829

990-PF

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

PDF

Fiscal Year Ending Dec.
2011

Revenue

$256,882

Expenses

$620,226

Net Income

-$363,344

Net Assets

$11,856,233

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$13	0.0%
Dividends	$425,771	> 100%
Sales of Assets	$0
Other Income	$151	0.1%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$512,655	82.7%
Compensation of Officers*	$28,000	4.5%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$11,873,343
Total Liabilities	$17,110
Net Assets	$11,856,233

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Nicholas Martini Foundation

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $214k (2023)

Expenses $1.21M (2023)

Total Assets $11.3M (2023)

Total Liabilities $29.7k (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

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

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

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

Fiscal Year Ending Dec. 2010

No Extracted Financial Data

Document Links

990-PF

Fiscal Year Ending Dec. 2009

No Extracted Financial Data

Document Links

990-PF

Revenue

$214k (2023)

Expenses

$1.21M (2023)

Total Assets

$11.3M (2023)

Total Liabilities

$29.7k (2023)

Fiscal Year Ending Dec.
2023

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2022

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2021

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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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Fiscal Year Ending Dec.
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2011

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