Ilona & Hermann Martin Foundation
Only null% goes to programs Thin reserves Growing revenue
Ilona & Hermann Martin Foundation is a 501(c)(3) organization based in Brooklyn, New York, registered in 2015, with $356,294 in FY2024 revenue. CharityIndex grades it D.
971 E 24th St, Brooklyn, NY, 11210 EIN 45-4102015 Since 2015
Revenue (FY2024)
$356K
▼ 19.6% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$449K
Net assets
$4,123
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
D
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Ilona & Hermann Martin Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DFinancial health25% of the rating0 mo reserves · -26% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Ilona & Hermann Martin Foundation: 0 mo reserves · -26% margin earns a D on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Ilona & Hermann Martin Foundation— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Ilona & Hermann Martin Foundation: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 971 E 24th St, Brooklyn, NY, 11210
- City
- Brooklyn
- State
- New York
- Subcategory
- Private Foundations
Financial trends
Revenue declined from $478K (FY2015) to $356K (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $15KNet assets $4,123
Operating margin
-25.9%
Spent more than it raised in the latest fiscal year.
Total assets
$19K
Total liabilities
$15K
Net assets
$4,123
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $356,294▼19.6% | $448,525▼18.6% | $4,123▼95.7% | $19,343▼82.4% | 990PF |
| 2023 | $442,962▲28.7% | $550,845▲103% | $96,354▼52.8% | $109,731▼48.5% | 990PF |
| 2022 | $344,241▲27.3% | $271,779▲28.1% | $204,237▲55.0% | $213,170▲59.4% | 990PF |
| 2021 | $270,330▲59.2% | $212,241▲82.2% | $131,775▲78.8% | $133,696▲81.4% | 990PF |
| 2020 | $169,802▲64.5% | $116,466▲6.9% | $73,686▲262% | $73,686▲262% | 990PF |
| 2019 | $103,205▲115% | $108,984▼35.9% | $20,350▼22.1% | $20,350▼22.1% | 990PF |
| 2018 | $48,012▼60.0% | $170,071▼63.6% | $26,129▼82.4% | $26,129▼82.4% | 990PF |
| 2017 | $120,022▼73.3% | $467,397▲12.6% | $148,188▼70.1% | $148,188▼70.1% | 990PF |
| 2016 | $450,028▼5.9% | $414,986▼7.8% | $495,563▲7.6% | $495,563▲7.6% | 990PF |
| 2015 | $478,014 | $450,265 | $460,521 | $460,521 | 990PF |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Ilona & Hermann Martin Foundation a legitimate nonprofit?
- Yes. Ilona & Hermann Martin Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 45-4102015, based in Brooklyn, New York. Donations are tax-deductible.
- What is Ilona & Hermann Martin Foundation's EIN?
- Ilona & Hermann Martin Foundation's Employer Identification Number (EIN) is 45-4102015.
- How much revenue does Ilona & Hermann Martin Foundation report?
- Ilona & Hermann Martin Foundation reported $356,294 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Ilona & Hermann Martin Foundation have?
- CharityIndex grades Ilona & Hermann Martin Foundation D, based on financial health (reserves and operating margin).
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Data for Ilona & Hermann Martin Foundation (EIN 45-4102015) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.