Rex and Alice A Martin Foundation Inc
Only null% goes to programs Strong reserves Growing revenue
Rex and Alice A Martin Foundation Inc is a 501(c)(3) organization based in Elkhart, Indiana, registered in 2000, with $1,657,230 in FY2024 revenue. CharityIndex grades it B.
1516 Middlebury St, Elkhart, IN, 46516 EIN 35-2117025 Since 2000
Revenue (FY2024)
$1.7M
▲ 124.8% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$1.2M
Net assets
$7.6M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—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 Rex and Alice A Martin Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating76 mo reserves · +27% 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 Rex and Alice A Martin Foundation Inc: 76 mo reserves · +27% margin earns a B+ 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 Rex and Alice A Martin Foundation Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 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 Rex and Alice A Martin Foundation Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 1516 Middlebury St, Elkhart, IN, 46516
- City
- Elkhart
- State
- Indiana
- Subcategory
- Private Foundations
- Website
- …
Financial trends
Revenue grew from $1.6M (FY2013) to $1.7M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $0Net assets $7.6M
Operating margin
26.9%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$7.6M
Total liabilities
$0
Net assets
$7.6M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $1,657,230▲125% | $1,211,819▲10.5% | $7,640,013▲6.2% | $7,640,013▲6.2% | 990PF |
| 2023 | $737,217▼65.8% | $1,096,647▼45.5% | $7,194,602▼4.8% | $7,194,602▼4.8% | 990PF |
| 2022 | $2,153,211▲173% | $2,013,800▲1.6% | $7,554,032▲1.9% | $7,554,032▲1.9% | 990PF |
| 2021 | $789,653▼74.5% | $1,981,726▼30.4% | $7,414,621▼13.9% | $7,414,621▼13.9% | 990PF |
| 2020 | $3,095,588▲59.9% | $2,849,340▲58.1% | $8,606,694▲2.9% | $8,606,694▲2.9% | 990PF |
| 2019 | $1,935,653▲104% | $1,802,741▲11.4% | $8,360,446▲1.6% | $8,360,446▲1.6% | 990PF |
| 2018 | $950,617▼25.1% | $1,617,897▲30.6% | $8,227,534▼7.7% | $8,227,534▼7.7% | 990PF |
| 2017 | $1,269,116▼25.5% | $1,238,438▼46.9% | $8,910,692▲0.3% | $8,910,692▲0.3% | 990PF |
| 2016 | $1,704,326▼1.2% | $2,330,446▲38.1% | $8,880,014▼6.5% | $8,880,014▼6.5% | 990PF |
| 2015 | $1,724,157▼12.2% | $1,687,741▲25.1% | $9,496,134▲0.4% | $9,496,134▲0.4% | 990PF |
| 2014 | $1,963,427▲23.0% | $1,349,090▼18.0% | $9,459,718▲6.9% | $9,459,718▲6.9% | 990PF |
| 2013 | $1,595,746 | $1,645,459▲98.4% | $8,845,381▼0.6% | $8,845,381▼0.6% | 990PF |
| 2012 | — | $829,573▲16.4% | $8,895,094▼1.6% | $8,895,094▼1.6% | 990PF |
| 2011 | — | $712,876 | $9,036,872 | $9,036,872 | 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 Rex and Alice A Martin Foundation Inc a legitimate nonprofit?
- Yes. Rex and Alice A Martin Foundation Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 35-2117025, based in Elkhart, Indiana. Donations are tax-deductible.
- What is Rex and Alice A Martin Foundation Inc's EIN?
- Rex and Alice A Martin Foundation Inc's Employer Identification Number (EIN) is 35-2117025.
- How much revenue does Rex and Alice A Martin Foundation Inc report?
- Rex and Alice A Martin Foundation Inc reported $1,657,230 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Rex and Alice A Martin Foundation Inc have?
- CharityIndex grades Rex and Alice A Martin Foundation Inc B, based on financial health (reserves and operating margin).
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Data for Rex and Alice A Martin Foundation Inc (EIN 35-2117025) 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.