Marika Foundation Incorporated a Not-for-Profit Corporation
Marika Foundation Incorporated a Not-for-Profit Corporation is a private foundation focused on Arts, Culture & Humanities, based in Rockport, MA. IRS filing data is available from 2019 through 2025. As of 2025, the organization holds $2.4M in total assets. In 2025, it made $77K in qualifying distributions. Net investment income was $19K.
Marika Foundation Incorporated a Not-for-Profit Corporation at a glance
- Total assets
- $2,433,545
- +14.1% vs 2024
- Revenue (2025)
- $41,990
- -52.0% vs 2024
- Qualifying distributions (2025)
- $76,843
- +31.7% vs 2024
- Expenses (2025)
- $107,606
- +35.0% vs 2024
- Latest 990 filing
- Form 990-PF, 2025 View filing
Data from IRS Form 990-PF, 2025; updated November 2026.
Who Marika Foundation Incorporated a Not-for-Profit Corporation funds
How Marika Foundation Incorporated a Not-for-Profit Corporation gives
- In 2025 it paid out 70% of its IRS minimum distribution (the 5% rule). Foundations have until the end of the next year to meet it. Method
From the foundation's IRS Form 990 filings. Methodology.
Giving History
Giving Over Time
Total grant dollars and number of grants per year
From 2019 to 2020, annual grant giving ranged from $38K (2020) to $39K (2019). In 2020 it made 2 grants totaling $38K.
Ready to take the next step with Marika Foundation Incorporated a Not-for-Profit Corporation?
Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Grants paid | Grants | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|---|---|
| 2025 | $2,433,545 | $41,990 | $107,606 | — | — | $76,843 | $18,662 | $110,441 |
| 2024 | $2,132,639 | $87,499 | $79,711 | — | — | $58,351 | $66,139 | $100,477 |
| 2023 | $1,927,190 | $28,755 | $84,015 | — | — | $67,631 | $23,811 | $85,690 |
| 2022 | $1,551,517 | $46,320 | $65,327 | — | — | — | $46,320 | — |
| 2021 | $1,994,868 | $150,301 | $100,201 | — | — | — | $149,090 | — |
| 2020 | $1,539,594 | $58,918 | $128,752 | $37,500 | 2 | — | $58,776 | — |
| 2019 | $1,484,922 | $11,032 | $82,021 | $39,000 | 2 | — | $9,135 | — |
Under IRS private-foundation payout rules, Marika Foundation Incorporated a Not-for-Profit Corporation reported a distributable amount of $110K for 2025 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Marika Foundation Incorporated a Not-for-Profit Corporation is led by Desta Jeanne Marika, President, Clerk & Board Member on every filing since 2019; none of the 4 officers listed in 2025 report compensation.
Officers on the 2025 filing
Desta Jeanne Marika
President, Clerk & Board Member
On filings since 2019
5 hrs/week
No compensation reported
Tom Fahey
Board Member
On filings since 2019
10 hrs/week
$7K (2019) → $0 (2025)
Anuradha Desai
Board Member
On filings since 2019
2 hrs/week
No compensation reported
Erik Marika-Rich
Treasurer & Board Member
On filings since 2019
2 hrs/week
No compensation reported
Former officers (1)
- Former: Michael Bernstein (2019) — Board Member
Data from IRS Form 990 filings, 2019–2025. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2023 IRS filing
The highest reported compensation on the 2023 filing was $810, to Tom Fahey (Board Member).
Frequently asked questions about Marika Foundation Incorporated a Not-for-Profit Corporation
How large is Marika Foundation Incorporated a Not-for-Profit Corporation?
Marika Foundation Incorporated a Not-for-Profit Corporation reported $2.4M in total assets on its 2025 IRS Form 990-PF. It paid out $77K in qualifying distributions that year, against a required minimum of $110K (roughly 5% of its investment assets). Falling short in one year is not a violation: foundations have until the end of the next year to meet the minimum.
What is Marika Foundation Incorporated a Not-for-Profit Corporation?
Marika Foundation Incorporated a Not-for-Profit Corporation is a private foundation focused on Arts, Culture & Humanities, based in Rockport, MA. It holds $2.4M in total assets as of 2025.
Where does Marika Foundation Incorporated a Not-for-Profit Corporation operate?
Marika Foundation Incorporated a Not-for-Profit Corporation has awarded grants in Massachusetts.
What is Marika Foundation Incorporated a Not-for-Profit Corporation's EIN?
Marika Foundation Incorporated a Not-for-Profit Corporation's EIN (Employer Identification Number) is 81-3302498. IRS Form 990 filing data is available on this page for 2019–2025.
Data last updated November 2026. Sourced from IRS Form 990 filings.
Data update history
(4)
When this profile's IRS filing data changed on Grantable
- Added Form 990 for fiscal year 2019 (received by the IRS June 1, 2021)
- Updated Form 990 for fiscal year 2020 (received by the IRS February 18, 2022)
- Added Form 990-PF for fiscal year 2025 (received by the IRS September 23, 2026)
- IRS filings on file for fiscal years 2020–2024
Live grants for the work Marika Foundation Incorporated a Not-for-Profit Corporation funds
Arts, Culture & Humanities Open opportunities, soonest deadline first.
Explore Open Grants
Browse active grant opportunities in Marika Foundation Incorporated a Not-for-Profit Corporation's focus areas in our free grants database
Similar Funders
Similar funders in Massachusetts
Boston Foundation Inc
Boston, MA
The Boston Foundation funds nonprofits and community initiatives focused on equity and opportunity, including child well-being, economic opportunity, community wealth, and community leadership, primarily in Greater Boston. Its 2025 grants had a median of $25,000, while specific programs offer amounts such as $50,000; whether it accepts unsolicited requests is not stated.
Assets
$2.1B
Grants
2,375
Total Given
$228.4M
Eastern Bank Foundation
Wakefield, MA
Eastern Bank Foundation supports economic inclusion and mobility, including small businesses, early childhood development, affordable housing, and workforce development. Its 2025 grants ranged from $50 to $2,002,500, with a median of $2,500, primarily in Massachusetts and also in New Hampshire and Rhode Island. It accepts online applications and does not limit giving to preselected organizations.
Assets
$266.7M
Grants
1,786
Total Given
$19.0M
Barr Foundation
Boston, MA
The Barr Foundation funds arts and creativity, climate, education, and New England’s social sector, primarily through long-term support for organizations in New England. Its 2024 grants ranged from $100 to $3.275 million, with a median of $80,000. Its filing says it accepts only requests from preselected organizations and does not accept unsolicited requests, though its website describes program-page inquiries and occasional open calls.
Assets
$1.9B
Grants
903
Total Given
$123.2M
Liberty Mutual Foundation Inc
Boston, MA
Liberty Mutual Foundation funds basic needs such as food and shelter, education and workforce development, and climate and community infrastructure, including homelessness and community preparedness programs. Its 2024 grants had a median of $35,000, and most funding supports organizations or programs serving the Boston area, though it also gives elsewhere. It accepts unsolicited online requests on a rolling basis, with no submission deadlines.
Assets
$46.1M
Grants
706
Total Given
$50.6M
Cummings Foundation Grants Inc (FKA Oneworld Boston Inc)
Woburn, MA
Cummings Foundation Grants Inc. funds nonprofits working in human services, education, healthcare, fairness and justice, and the environment, primarily in greater Boston and eastern Massachusetts. Its 2024 grants ranged from $1,000 to $3.5 million, with a median of $35,000; it accepts letters of inquiry through an online portal during its application cycle, which was not open at the time described.
Assets
$258.2M
Grants
658
Total Given
$38.2M
American Tower Corporation Foundation
Boston, MA
Assets
$15.4M
Grants
632
Total Given
$1.7M
More similar funders
More Funders in Massachusetts
The filing figures on this page are open data under CC BY 4.0. About GrantGraph Open
Figures come from Marika Foundation Incorporated a Not-for-Profit Corporation's IRS filings (methodology). AI-written summaries, news items and logos are not covered by the open licence. Spot an error? Email hello@grantable.co.
Marika Foundation Incorporated a Not-for-Profit Corporation down — hundreds of funders to go?