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Nonprofit · EIN 20-0677535

S & L MARX FOUNDATION INC

Tax-exempt · GREENWICH, CT 06830

Financials

$3.7M$5.4M2023$13.2M$5.4M2024
Revenue Expenses · by fiscal year end
Financials of S & L MARX FOUNDATION INC by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990-PF$13,181,624$5,406,415$7,775,209$83,145,844$0$83,145,844
December 31, 2023990-PF$3,702,800$5,375,670-$1,672,870$75,370,635$0$75,370,635
Financial details: 990-PF for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Dividends
$3,707,207
Interest
$193,291
Net gain from sales of assets
$8,495,468
Other income
$785,658

Expenses

Grants and similar amounts paid
$4,641,000
Compensation of officers, directors and key employees
$189,000
Disbursements for charitable purposes
$4,971,666
Excise tax on investment income
$178,908

Balance sheet and other

Total assets, start of year
$75,370,635
Total assets, end of year
$83,145,844
Total liabilities, end of year
$0
Net assets, end of year
$83,145,844
Fair market value of assets
$110,404,341
Qualifying distributions
$4,971,666
Net investment income
$13,082,853

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.

NameTitleHours / weekCompensation
Nancy M Better
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Executive Dir, Sec40$189,000
Laura Weintraub Beck
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0
Charles Better
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0
David Better
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0
James Better
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Treas1$0
Sarah Better
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0
Sylvia Marx
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Pres1$0
990-PF for the year ended December 31, 2023: 7 people
NameTitleHours / weekCompensation
Nancy M Better
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Executive Dir, Sec40$180,000
Laura Weintraub Beck
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0
Charles Better
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0
David Better
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0
James Better
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Treas1$0
Sarah Better
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir1$0
Sylvia Marx
Foundation Source 501 Silverside Rd, Wilmington, DE 198091377
Dir, Pres1$0

Address and contacts

Address (IRS master file)
7 DOGWOOD LN, GREENWICH, CT 06830-3917
In care of
% FOUNDATION SOURCE
Signed the 990-PF
Nancy Better, Secretary
Phone
(800) 839-1754
Return prepared by
Foundation Source

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 yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990-PF on file
2023December 31, 2023May 15, 2024990-PF on file

IRS record

EIN
20-0677535
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
2004
Accounting year ends
December
Files
Form 990-PF
Assets (IRS master file)
$83,145,844
Income (IRS master file)
$32,298,197

Filing history

FormYear endedRevenueExpensesAssetsReturn
990-PFDecember 2024$13,181,624$5,406,415$83,145,844XML
990-TDecember 2024–––IRS
990-PFDecember 2023$3,702,800$5,375,670$75,370,635XML
990-TDecember 2023–––IRS
990-PFDecember 2022–––IRS
990-TDecember 2022–––IRS
990-PFDecember 2021–––IRS
990-TDecember 2021–––IRS
990-PFDecember 2020–––IRS
990-TDecember 2020–––IRS
990-PFDecember 2018–––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 20-0677535).

Questions about S & L MARX FOUNDATION INC

What is the EIN of S & L MARX FOUNDATION INC?
The employer identification number (EIN) of S & L MARX FOUNDATION INC is 20-0677535.
Is S & L MARX FOUNDATION INC tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
Are donations to S & L MARX FOUNDATION INC tax-deductible?
Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
Which annual return does S & L MARX FOUNDATION INC file?
Form 990-PF. Private foundations file every year.
When is the next return of S & L MARX FOUNDATION INC 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 S & L MARX FOUNDATION INC 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 S & L MARX FOUNDATION INC?
The 990-PF for the year ended December 31, 2024 lists 7 people; 1 received compensation from the organization, the highest $189,000 (Nancy M Better, Executive Dir, Sec).
How much revenue does S & L MARX FOUNDATION INC have?
On its 990-PF for the year ended December 31, 2024 it reported revenue of $13,181,624, expenses of $5,406,415 and total assets of $83,145,844 at year end.

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