Marwen Foundation Inc

EIN: 363523622 501(c)(3) Arts, Culture & Humanities

Chicago, IL

Total Revenue
$3,313,790
Total Expenses
$2,715,261
Total Assets
$20,392,568
Net Assets
$16,394,257
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
IL
Principal Officer
Akilah Hailey
Phone
3129442418
Tax Period
2024-01-01 to 2024-12-31

Marwen Foundation Inc, founded in 1987, is a community nonprofit in the Arts, Culture & Humanities sector that reported $3.3M in total revenue in fiscal year 2024. The organization ran a surplus of $599K, a strong 18% operating margin.

Mission

Marwen educates and inspires young people from under-resourced communities and schools through free visual arts programs.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,930,457
Program Service Revenue $0
Investment Income $1,408,229
Other Revenue $-24,896
TOTAL REVENUE $3,313,790

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,724,314
Fundraising Expenses $473,021
Program Expenses $1,812,760
Other Expenses $990,947
TOTAL EXPENSES $2,715,261

Year-over-Year Comparison

2024 2023 Change
Revenue $3,313,790 $3,129,299 +0.1%
Expenses $2,715,261 $2,589,402 +0.0%
Net Income $598,529 $539,897 +0.1%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Liquidity & Cash Position

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Governance

Voting Members
27
Independent Members
27
Employees
74
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$290,700
Total Directors
30
$290,700
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Isa Pressman Trustee 0.50
Director
$0 $0 $0
Todd Heiser Chair 0.50
Officer Director
$0 $0 $0
Molly Morse Limmer Secretary 0.50
Officer Director
$0 $0 $0
Nils Larsen Treasurer 0.50
Officer Director
$0 $0 $0
Mikaya Daniels Trustee 0.50
Director
$0 $0 $0
Steven P Berkowitz Trustee 0.50
Director
$0 $0 $0
Julie Hokin Watts Trustee 0.50
Director
$0 $0 $0
Wendy Fleishman Trustee 0.50
Director
$0 $0 $0
Deneen Jackson-Gillespie Trustee 0.50
Director
$0 $0 $0
Cheryl Durst Trustee 0.50
Director
$0 $0 $0
Sarah Finlayson-Banasiak Trustee 0.50
Director
$0 $0 $0
Antonio Garcia Vice Chair 0.50
Officer Director
$0 $0 $0
Hector Gonzalez Trustee 0.50
Director
$0 $0 $0
James Hill III Trustee 0.50
Director
$0 $0 $0
Regin Igloria Trustee 0.50
Director
$0 $0 $0
Jennifer Johnson Trustee 0.50
Director
$0 $0 $0
Lisa Jillson Trustee 0.50
Director
$0 $0 $0
Britt Nolan Trustee 0.50
Director
$0 $0 $0
Lee Oberlander Trustee 0.50
Director
$0 $0 $0
Ashley Lukasik Trustee 0.50
Director
$0 $0 $0
Russell Richey Trustee 0.50
Director
$0 $0 $0
Elliot Rawls Trustee 0.50
Director
$0 $0 $0
Brandon Rogalski Trustee 0.50
Director
$0 $0 $0
Chris Rudd Trustee 0.50
Director
$0 $0 $0
Chiara Wroncinski Trustee 0.50
Director
$0 $0 $0
Acasia Wilson Feinberg Trustee 0.50
Director
$0 $0 $0
Katherine Scott Jimenez Trustee 0.50
Director
$0 $0 $0
Akilah Hailey Executive Director 40.00
Officer Director
$169,950 $0 $169,950
Juliette Buford Director of Finance 40.00
Officer Director
$120,750 $0 $120,750
RJ Stelter Trustee 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $3,313,790 $2,715,261 $20,392,568 $598,529
2024 No data No data No data No data
2023 $2,310,365 $2,736,966 $19,910,422 $-426,601
2023 $2,310,365 $2,736,966 $19,910,422 $-426,601
2023 $3,129,299 $2,589,402 $19,834,324 $539,897
2022 $2,057,035 $2,907,075 $19,480,884 $-850,040
2021 $2,262,448 $2,429,749 $21,640,226 $-167,301
2020 $2,137,194 $2,408,258 $20,555,233 $-271,064
2019 $1,968,969 $2,444,988 $19,767,021 $-476,019
2018 $2,620,107 $2,654,701 $18,867,951 $-34,594
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