Mares and Motors Inc is a private foundation focused on Arts, Culture & Humanities, based in WEST ORANGE, NJ. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $4.4M in total assets. In 2024, it made $341K in qualifying distributions. Net investment income was $15.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$4.4M
+4.4% YoY
Revenue
$592K
-84.6% YoY
Qualifying Distributions
$341K
-47.3% YoY
Expenses
$341K
-47.3% YoY
About Mares and Motors Inc
Based on IRS filings
Mares and Motors Inc is a private foundation focused on Arts, Culture & Humanities, based in WEST ORANGE, NJ. IRS filing data is available from 2022 through 2024. As of 2024, the organization holds $4.4M in total assets. In 2024, it made $341K in qualifying distributions. Net investment income was $15.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $4,441,731 | $4,253,845 | $241,214 |
| Revenue | $592,350 | $3,850,011 | $241,214 |
| Expenses | $340,919 | $646,302 | — |
| Qualifying Distributions | $340,919 | $646,302 | — |
| Net Investment Income | $15 | $13 | — |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| PAUL COSTA | DIRECTOR | 5 | — |
| GEORGE BAUTISTA | DIRECTOR | 1 | — |
| MONICA ELIAS | DIRECTOR/TREASURER/SECRETARY | 1 | — |
| ALEXANDER SALERNO | PRESIDENT | 15 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Mares and Motors Inc?
Mares and Motors Inc is a private foundation focused on Arts, Culture & Humanities, based in WEST ORANGE, NJ. It holds $4.4M in total assets as of 2024.
How large is Mares and Motors Inc?
As of 2024, Mares and Motors Inc holds $4.4M in total assets with $592K in annual revenue.
What is Mares and Motors Inc's EIN?
Mares and Motors Inc's EIN (Employer Identification Number) is 88-0919409. IRS Form 990 filing data is available on this page for 2022–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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