Civic Intelligence

The Marc Endowment Inc

990 • Fiscal year 2023 • EIN 31-1807636

Jul 01, 2022 to Jun 30, 2023 • Filed on May 08, 2024

Organization ProfileN/A

Refreshing map…

2701 North A StreetMidland, TX 79705

(432) 695-9901

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

28th percentile

0.01x

Higher debt load relative to assets than 28% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Liabilities / Revenue

42nd percentile

0.05x

Higher debt load relative to revenue than 42% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Net Margin

95th percentile

71%

Higher net margin than 95% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Top Officer Pay

79th percentile

$133,890

Higher top officer pay than 79% of similar nonprofits.

Top officer pay equals 39.9% of source-year revenue.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2023

Asset Growth

72nd percentile

16%

Faster asset growth than 72% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Revenue Growth

98th percentile

477%

Faster revenue growth than 98% of similar nonprofits.

2023 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2022 to 2023

Balance Sheet
Liabilities / Assets28th percentile

Assets

Up

$2,860,679

Up $383,995 (+16%) from 2022

Net Assets

Up

$2,843,517

Up $375,632 (+15%) from 2022

Liabilities

Up

$17,162

Up $8,363 (+95%) from 2022

Revenue And Expenses
Liabilities / Revenue42nd percentileNet Margin95th percentile

Revenue

Up

$335,535

Up $277,354 (+477%) from 2022

Expenses

Up

$96,726

Up $76,019 (+367%) from 2022

Net Income

Up

$238,809

Up $201,335 (+537%) from 2022

Historical Trend

Balance Sheet Trend

Asset Growth72nd percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0Assets 2010: $1,907,913Liabilities 2010: $7,800Net Assets 2010: $1,900,1132010Assets 2012: $2,075,979Liabilities 2012: $5,666Net Assets 2012: $2,070,3132012Assets 2014: $2,350,752Liabilities 2014: $10,842Net Assets 2014: $2,339,9102014Assets 2015: $2,310,937Liabilities 2015: $16,513Net Assets 2015: $2,294,4242015Assets 2017: $2,243,497Liabilities 2017: $9,090Net Assets 2017: $2,234,4072017Assets 2018: $2,103,564Liabilities 2018: $12,227Net Assets 2018: $2,091,3372018Assets 2019: $2,213,775Liabilities 2019: $12,177Net Assets 2019: $2,201,5982019Assets 2020: $2,233,687Liabilities 2020: $7,369Net Assets 2020: $2,226,3182020Assets 2021: $2,790,228Liabilities 2021: $7,799Net Assets 2021: $2,782,4292021Assets 2022: $2,476,684Liabilities 2022: $8,799Net Assets 2022: $2,467,8852022Assets 2023: $2,860,679Liabilities 2023: $17,162Net Assets 2023: $2,843,5172023

Highlighted filing

2023

Assets$2,860,679
Liabilities$17,162
Net Assets$2,843,517
Open 2023 Filing

Operations Trend

Revenue Growth98th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$400K$200K$0-$200KExpenses 2010: $7,6092010Expenses 2012: $8,6702012Revenue 2014: $303,663Expenses 2014: $177,696Net Income 2014: $125,9672014Revenue 2015: $80,185Expenses 2015: $125,671Net Income 2015: -$45,4862015Revenue 2017: $300,955Expenses 2017: $270,147Net Income 2017: $30,8082017Revenue 2018: $144,157Expenses 2018: $287,227Net Income 2018: -$143,0702018Revenue 2019: $148,444Expenses 2019: $38,183Net Income 2019: $110,2612019Revenue 2020: $32,089Expenses 2020: $7,369Net Income 2020: $24,7202020Revenue 2021: $61,413Expenses 2021: $57,799Net Income 2021: $3,6142021Revenue 2022: $58,181Expenses 2022: $20,707Net Income 2022: $37,4742022Revenue 2023: $335,535Expenses 2023: $96,726Net Income 2023: $238,8092023

Highlighted filing

2023

Revenue$335,535
Expenses$96,726
Net Income$238,809
Open 2023 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2022 to Jun 30, 2023
Signed
May 8, 2024
Return Version
2022v5.0
Gross Receipts
$335,535
Mission and Program Overview

Mission

The organization operates for the exclusive benefit of MARC, Inc. by making grants to or for the benefit of MARC, Inc, and/or engaging in activities that support or benefit MARC, Inc.

The organization operates for the exclusive benefit of MARC, Inc. by managing endowment investments and making grants to or for the benefit of MARC, Inc, and/or engaging in activities that support or benefit MARC, Inc.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments in Publicly Traded Securities$2,415,893$2,833,928▲ $418,035
Savings and Temporary Cash Investments$60,791$26,751▼ $34,040
Total Assets$2,476,684$2,860,679▲ $383,995
Liabilities
Accounts Payable and Accrued Expenses$8,799$17,162▲ $8,363
Total Liabilities$8,799$17,162▲ $8,363
Net Assets / Fund Balance
Net Assets With Donor Restrictions$1,970,371$2,350,408▲ $380,037
Net Assets Without Donor Restrictions$497,514$493,109▼ $4,405
Total Net Assets Fund Balance$2,467,885$2,843,517▲ $375,632
Total Liabilities and Net Assets / Fund Balance$2,476,684$2,860,679▲ $383,995

Endowment Activity

PeriodBeginningContrib.Gain/LossOther UsesEnd
2022$2,467,885$273,394▲ $198,964-$2,843,517
2021$2,782,429-▼ $293,837-$2,467,885
2020$2,226,318$10,400▲ $603,510-$2,782,429
2019$2,201,598$7,400▲ $24,689-$2,226,318
2018$2,091,337$2,900▲ $145,544-$2,201,598
Compensation and Service Providers
Top Officer Pay79th percentile

Employees

NameTitleOtherTotal
Kayla MinchewExecutive director$133,890$133,890

Board Members and Trustees

NameTitle
Gilbert AbilaPresident
Andy ShafferVice President
Blake CauthenDirector
Bob McnaughtonDirector
Clint WilliamsonDirector
Tom HillSecretary
Charlie DavidsonTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$273,394
Program Service Revenue
$0
Investment Income
$62,141
Other Revenue
$0
Change in Net Assets
$238,809

Audited Revenue Reconciliation

Revenue per Audited Statements
$335,535
Revenue Not Reported on Form 990
$136,823
Total Revenue per Audited Statements
$472,358
Total Revenue per Form 990
$335,535
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Grants and Similar Amounts Paid$88,363
Other Expenses$8,363
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Grants to Domestic Orgs$88,363--$88,363
Fees for Services Accounting-$6,000-$6,000
Insurance-$2,363-$2,363
Total Functional Expenses$88,363$8,363$0$96,726

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$96,726
Total Expenses per Audited Statements$96,726
Total Expenses per Form 990$96,726
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
MARC IncMidland, TX501c3Capital improvements and repairs$88,363
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The 990 and audited financial statements are presented to the entire board at their regular scheduled meeting to review and approve prior to filing.”

Form 990, Part VI, Section B, Line 12 thru 15

“The Organization is a supporting organization of MARC, Inc. as described in Schedule A and Schedule R. The policies and processes referenced in this section apply to MARC, Inc. as the supported organization. The MARC Endowment, Inc. has no employees as the executive director of MARC, Inc serves in this capacity for both organizations as defined in the bylaws.”

Form 990, Part VI, Section C, Line 19

“Public documents are available upon request at the Organizations administrative offices in Midland, Texas.”

Filing and Contact Details

Filer

Filer Name
Marc Endowment Inc
EIN
31-1807636
Phone
4326959901
Address
2701 NORTH A STREET, MIDLAND, TX 79705

Signing Officer

Name
Kayla Minchew
Title
Executive Director
Phone
4326959901
Signed
2024-05-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Kayla Minchew
Formed
2001
Legal Domicile
TX
Voting Board Members
7
Independent Board Members
7
Employees
0
Volunteers
7

Preparer

Firm
Randy Silhan CPA Cfe
Address
PO BOX 1341, WOLFFORTH, TX 79382
Preparer
Randy Silhan
Phone
4325800204
Raw XML AppendixShowing 400 of 456 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt08799
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt017162
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0The organization operates for the exclusive benefit of MARC, Inc. by managing endowment investments and making grants to or for the benefit of MARC, Inc, and/or engaging in activities that support or benefit MARC, Inc.
IRS990/AdvertisingGrp/TotalAmt00
IRS990/AllOtherExpensesGrp/TotalAmt00
IRS990/AuditCommitteeInd0true
IRS990/BenefitsToMembersGrp/TotalAmt00
IRS990/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt0MARC ENDOWMENT INC
IRS990/BooksInCareOfDetail/PhoneNum04326959901
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt02701 NORTH A STREET
IRS990/BooksInCareOfDetail/USAddress/CityNm0MIDLAND
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0TX
IRS990/BooksInCareOfDetail/USAddress/ZIPCd079705
IRS990/BusinessRlnWith35CtrlEntInd0false
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt00
IRS990/CompDisqualPersonsGrp/TotalAmt00
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0false
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/TotalAmt00
IRS990/ConflictOfInterestPolicyInd0false
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0false
IRS990/CreditCounselingInd0false
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0273394
IRS990/CYGrantsAndSimilarPaidAmt088363
IRS990/CYInvestmentIncomeAmt062141
IRS990/CYOtherExpensesAmt08363
IRS990/CYOtherRevenueAmt00
IRS990/CYProgramServiceRevenueAmt00
IRS990/CYRevenuesLessExpensesAmt0238809
IRS990/CYSalariesCompEmpBnftPaidAmt00
IRS990/CYTotalExpensesAmt096726
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt0335535
IRS990/DecisionsSubjectToApprovaInd0false
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/TotalAmt00
IRS990/Desc0The Organization manages an endowment fund and engages in activities for the exclusive benefit of MARC, Inc.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0false
IRS990/DonorAdvisedFundInd0false
IRS990/DonorRestrictionNetAssetsGrp/BOYAmt01970371
IRS990/DonorRestrictionNetAssetsGrp/EOYAmt02350408
IRS990/DonorRstrOrQuasiEndowmentsInd0true
IRS990/ElectionOfBoardMembersInd0false
IRS990/EmployeeCnt00
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/ExpenseAmt088363
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt06000
IRS990/FeesForServicesAccountingGrp/TotalAmt06000
IRS990/FeesForServicesLegalGrp/TotalAmt00
IRS990/FeesForServicesLobbyingGrp/TotalAmt00
IRS990/FeesForServicesManagementGrp/TotalAmt00
IRS990/FeesForServicesOtherGrp/TotalAmt00
IRS990/FeesForSrvcInvstMgmntFeesGrp/TotalAmt00
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignGrantsGrp/TotalAmt00
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt0040.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt1001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt2001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt3001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt4001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt0001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt2001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt3001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt4001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt5001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt6001.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt7001.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OfficerInd4X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt014786
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/PersonNm0KAYLA MINCHEW
IRS990/Form990PartVIISectionAGrp/PersonNm1GILBERT ABILA
IRS990/Form990PartVIISectionAGrp/PersonNm2ANDY SHAFFER
IRS990/Form990PartVIISectionAGrp/PersonNm3TOM HILL
IRS990/Form990PartVIISectionAGrp/PersonNm4CHARLIE DAVIDSON
IRS990/Form990PartVIISectionAGrp/PersonNm5BOB MCNAUGHTON
IRS990/Form990PartVIISectionAGrp/PersonNm6BLAKE CAUTHEN
IRS990/Form990PartVIISectionAGrp/PersonNm7CLINT WILLIAMSON
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt0119104
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/TitleTxt0Executive director
IRS990/Form990PartVIISectionAGrp/TitleTxt1PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt3SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt4TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990ProvidedToGvrnBodyInd0true
IRS990/FormationYr02001
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/SeparateBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt07
IRS990/GrantAmt088363
IRS990/GrantsToDomesticIndividualsGrp/TotalAmt00
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt088363
IRS990/GrantsToDomesticOrgsGrp/TotalAmt088363
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0true
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt0335535
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0false
IRS990/IndependentAuditFinclStmtInd0true
IRS990/IndependentVotingMemberCnt07
IRS990/IndivRcvdGreaterThan100KCnt01
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InformationTechnologyGrp/TotalAmt00
IRS990/InsuranceGrp/ManagementAndGeneralAmt02363
IRS990/InsuranceGrp/TotalAmt02363
IRS990/InterestGrp/TotalAmt00
IRS990/InvestmentIncomeGrp/ExclusionAmt062141
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt062141
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsPubTradedSecGrp/BOYAmt02415893
IRS990/InvestmentsPubTradedSecGrp/EOYAmt02833928
IRS990/IRPDocumentCnt00
IRS990/IRPDocumentW2GCnt00
IRS990/LegalDomicileStateCd0TX
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0false
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0The organization operates for the exclusive benefit of MARC, Inc. by making grants to or for the benefit of MARC, Inc, and/or engaging in activities that support or benefit MARC, Inc.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/NetAssetsOrFundBalancesBOYAmt02467885
IRS990/NetAssetsOrFundBalancesEOYAmt02843517
IRS990/NetUnrlzdGainsLossesInvstAmt0136823
IRS990/NoDonorRestrictionNetAssetsGrp/BOYAmt0497514
IRS990/NoDonorRestrictionNetAssetsGrp/EOYAmt0493109
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/TotalAmt00
IRS990/OfficeExpensesGrp/TotalAmt00
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsFASB117Ind0X
IRS990/OtherEmployeeBenefitsGrp/TotalAmt00
IRS990/OtherSalariesAndWagesGrp/TotalAmt00
IRS990/OtherWebsiteInd0X
IRS990/PartialLiquidationInd0false
IRS990/PaymentsToAffiliatesGrp/TotalAmt00
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/TotalAmt00
IRS990/PensionPlanContributionsGrp/TotalAmt00
IRS990/PoliticalCampaignActyInd0false
IRS990/PrincipalOfficerNm0KAYLA MINCHEW
IRS990/ProfessionalFundraisingInd0false
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYExcessBenefitTransInd0false
IRS990/PYGrantsAndSimilarPaidAmt011908
IRS990/PYInvestmentIncomeAmt058181
IRS990/PymtTravelEntrtnmntPubOfclGrp/TotalAmt00
IRS990/PYOtherExpensesAmt08799
IRS990/PYRevenuesLessExpensesAmt037474
IRS990/PYTotalExpensesAmt020707
IRS990/PYTotalRevenueAmt058181
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0238809
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/RelatedOrganizationsAmt0273394
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0false
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RoyaltiesGrp/TotalAmt00
IRS990/SavingsAndTempCashInvstGrp/BOYAmt060791
IRS990/SavingsAndTempCashInvstGrp/EOYAmt026751
IRS990ScheduleA/Form990SchASupportingOrgGrp/Contribution35ControlledInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionControllerInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ContributionFamilyInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ControlledDisqualifiedPrsnInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnControllIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/DisqualifiedPrsnOwnrIntInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ExcessBusinessHoldingsRulesInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/ListedByNameGoverningDocInd0true
IRS990ScheduleA/Form990SchASupportingOrgGrp/LoanDisqualifiedPersonInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/OrganizationChangeSuprtOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd0false
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/OperateBenefitNonSuprtOrgInd0false
IRS990ScheduleA/Form990SchAType1SuprtOrgGrp/PowerAppointMajorityDirTrstInd0true
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0751038411
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd0true
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd07
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt088363
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0MARC INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType1Ind0X
IRS990ScheduleA/SupportSumAmt088363
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/BoardDesignatedBalanceEOYPct00.17000
IRS990ScheduleD/CYEndwmtFundGrp/AdministrativeExpensesAmt08363
IRS990ScheduleD/CYEndwmtFundGrp/BeginningYearBalanceAmt02467885
IRS990ScheduleD/CYEndwmtFundGrp/ContributionsAmt0273394
IRS990ScheduleD/CYEndwmtFundGrp/EndYearBalanceAmt02843517
IRS990ScheduleD/CYEndwmtFundGrp/GrantsOrScholarshipsAmt088363
IRS990ScheduleD/CYEndwmtFundGrp/InvestmentEarningsOrLossesAmt0198964
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/AdministrativeExpensesAmt08799
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/BeginningYearBalanceAmt02782429
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/EndYearBalanceAmt02467885
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/GrantsOrScholarshipsAmt011908
IRS990ScheduleD/CYMinus1YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0-293837
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/AdministrativeExpensesAmt07799
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/BeginningYearBalanceAmt02226318
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/ContributionsAmt010400
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/EndYearBalanceAmt02782429
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/GrantsOrScholarshipsAmt050000
IRS990ScheduleD/CYMinus2YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0603510
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/AdministrativeExpensesAmt07369
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/BeginningYearBalanceAmt02201598
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/ContributionsAmt07400
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/EndYearBalanceAmt02226318
IRS990ScheduleD/CYMinus3YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt024689
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/AdministrativeExpensesAmt07227
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/BeginningYearBalanceAmt02091337
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/ContributionsAmt02900
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/EndYearBalanceAmt02201598
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/GrantsOrScholarshipsAmt030956
IRS990ScheduleD/CYMinus4YrEndwmtFundGrp/InvestmentEarningsOrLossesAmt0145544
IRS990ScheduleD/EndowmentsHeldRelatedOrgInd0false
IRS990ScheduleD/EndowmentsHeldUnrelatedOrgInd0false
IRS990ScheduleD/ExpensesSubtotalAmt096726
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0136823
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990ScheduleD/PrmnntEndowmentBalanceEOYPct00.83000
IRS990ScheduleD/RevenueNotReportedAmt0136823
IRS990ScheduleD/RevenueSubtotalAmt0335535
IRS990ScheduleD/TotalExpensesPerForm990Amt096726
IRS990ScheduleD/TotalRevenuePerForm990Amt0335535
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0472358
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt096726
IRS990ScheduleI/GrantRecordsMaintainedInd0true
IRS990ScheduleI/RecipientTable/CashGrantAmt088363
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501c3
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0Capital improvements and repairs
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0MARC Inc
IRS990ScheduleI/RecipientTable/RecipientEIN0751038411
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt02701 North A Street
IRS990ScheduleI/RecipientTable/USAddress/CityNm0Midland
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0TX
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd079705
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0The board of directors oversee grants by reviewing financial and accountability reports made with the funds awarded.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0Part I Line 2
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0The 990 and audited financial statements are presented to the entire board at their regular scheduled meeting to review and approve prior to filing.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The Organization is a supporting organization of MARC, Inc. as described in Schedule A and Schedule R. The policies and processes referenced in this section apply to MARC, Inc. as the supported organization. The MARC Endowment, Inc. has no employees as the executive director of MARC, Inc serves in this capacity for both organizations as defined in the bylaws.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Public documents are available upon request at the Organizations administrative offices in Midland, Texas.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 12 thru 15
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleR/AssetExchangeInd0false
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd0false
IRS990ScheduleR/AssetSaleToOtherOrgInd0false
IRS990ScheduleR/DivRelatedOrganizationInd0false
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd0true
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd0true
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd0false
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DirectControllingNACd0N/A
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0MARC INC
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0751038411
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501c3
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0Programs for disabled
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0Sec 170b
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt02701 NORTH A STREET
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0MIDLAND
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0TX
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd079705
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd0false
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd0false
IRS990ScheduleR/PaidEmployeesSharingInd0false
IRS990ScheduleR/PerformOfServicesByOtherOrgInd0false
IRS990ScheduleR/PerformOfServicesForOthOrgInd0false
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd0false
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd0false
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd0false
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd0false
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd0false
IRS990ScheduleR/SharingOfFacilitiesInd0false
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt088363
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt1273394
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0Cash grant for capital improvements and repairs
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt1Cash grant from sales proceeds of Willowood house
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0MARC INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt1MARC INC
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0b
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt1c
IRS990ScheduleR/TransferFromOtherOrgInd0false
IRS990ScheduleR/TransferToOtherOrgInd0false
IRS990/SchoolOperatingInd0false
IRS990/SignificantChangeInd0false
IRS990/SignificantNewProgramSrvcInd0false
IRS990/StatesWhereCopyOfReturnIsFldCd0TX
IRS990/SubjectToExcsTaxNetInvstIncInd0false
IRS990/SubjectToProxyTaxInd0false
IRS990/SubjToTaxRmnrtnExPrchtPymtInd0false
IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
IRS990/TotalAssetsBOYAmt02476684
IRS990/TotalAssetsEOYAmt02860679
IRS990/TotalAssetsGrp/BOYAmt02476684
IRS990/TotalAssetsGrp/EOYAmt02860679
IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0273394
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt08363
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt088363
IRS990/TotalFunctionalExpensesGrp/TotalAmt096726
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt08799
IRS990/TotalLiabilitiesEOYAmt017162
IRS990/TotalLiabilitiesGrp/BOYAmt08799
IRS990/TotalLiabilitiesGrp/EOYAmt017162
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt02467885

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2023 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,860,679
Liabilities
$17,162
Net assets
$2,843,517
Revenue
$335,535
Expenses
$96,726
Net income
$238,809
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2023Detailed filing. Detailed filing data is available for this year.$2.86$0.02$2.84$0.34$0.10$0.24
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.48$0.01$2.47$0.06$0.02$0.04
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.79$0.01$2.78$0.06$0.06$0.00
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.23$0.01$2.23$0.03$0.01$0.02
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.21$0.01$2.20$0.15$0.04$0.11
2018Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.10$0.01$2.09$0.14$0.29$0.14
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.24$0.01$2.23$0.30$0.27$0.03
2015Detailed filing. Detailed filing data is available for this year.$2.31$0.02$2.29$0.08$0.13$0.05
2014Detailed filing. Detailed filing data is available for this year.$2.35$0.01$2.34$0.30$0.18$0.13
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.08$0.01$2.07$0.01
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.91$0.01$1.90$0.01