DAVID X MARKS FOUNDATION

EIN: 956034304 501(c)(3) Education

LOS ANGELES, CA

Total Revenue
$3,144,990
Total Expenses
$2,559,009
Total Assets
$30,847,931
Net Assets
$30,021,663
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1952
Legal Domicile
CA
Principal Officer
STEPHEN DEL GUERCIO
Phone
2138211900
Tax Period
2022-11-01 to 2023-10-31

DAVID X MARKS FOUNDATION, founded in 1952, is a community nonprofit in the Education sector that reported $3.1M in total revenue in fiscal year 2022. Revenue decreased 5% compared to the prior year. The organization ran a surplus of $586K, a strong 19% operating margin.

Mission

TO PROVIDE SUPPORT TO THE UNIVERSITY OF SOUTHERN CALIFORNIA FOR ATHLETIC AND BAND SCHOLARSHIPS.

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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 (2022)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $0
Investment Income $3,144,990
Other Revenue $0
TOTAL REVENUE $3,144,990

Expense Breakdown

Grants Paid $2,549,009
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $2,549,009
Other Expenses $10,000
TOTAL EXPENSES $2,559,009

Year-over-Year Comparison

2022 2021 Change
Revenue $3,144,990 $3,318,158 -0.1%
Expenses $2,559,009 $1,641,600 +0.6%
Net Income $585,981 $1,676,558 -0.7%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
7
Independent Members
4
Employees
N/A
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
4
$0
Total Directors
11
$10,415,522
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
JAMES STATEN until 12023 DIRECTOR 0.25
Director
$0 $78,971 $1,995,159
CAROL FOLT until 112722 DIRECTOR 0.25
Director
$0 $954,495 $4,628,109
MIKE BOHN until 51923 DIRECTOR 0.25
Director
$0 $69,097 $2,125,199
JAMES EDDY II until 12622 PRESIDENT / DIRECTOR 0.25
Officer Director
$0 $0 $0
STEPHEN DEL GUERCIO SEC / TREAS / PRES / DIRECTOR 0.25
Officer Director
$0 $0 $0
BRUCE FURNISS VICE PRES / SEC / DIRECTOR 0.25
Officer Director
$0 $0 $0
SUZANNE NORA JOHNSON DIRECTOR 0.25
Director
$0 $0 $0
ERIK BRINK as of 72623 DIRECTOR 0.25
Director
$0 $101,538 $798,824
DAVID WRIGHT as of 112822 DIRECTOR 0.25
Director
$0 $61,228 $868,231
JENNIFER COHEN as of 82123 DIRECTOR 0.25
Director
$0 $0 $0
JAMES EDDY III as of 12622 TREAS / DIRECTOR 0.25
Officer 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
2023 $3,144,990 $2,559,009 $30,847,931 $585,981
2022 $3,318,158 $1,641,600 $31,815,168 $1,676,558
2021 $2,367,982 $1,534,723 $37,421,091 $833,259
2020 $1,862,756 $1,619,000 $27,576,989 $243,756
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