Marika Foundation Incorporated is a private foundation focused on Arts, Culture & Humanities, based in ROCKPORT, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it made $58K in qualifying distributions. Net investment income was $66K.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$2.1M
+10.7% YoY
Revenue
$87K
+204.3% YoY
Qualifying Distributions
$58K
-13.7% YoY
Expenses
$80K
-5.1% YoY
Under IRS private-foundation payout rules, Marika Foundation Incorporated reported a distributable amount of $100K for 2024 — the minimum it must pay out in qualifying distributions.
About Marika Foundation Incorporated
Based on IRS filings
Marika Foundation Incorporated is a private foundation focused on Arts, Culture & Humanities, based in ROCKPORT, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $2.1M in total assets. In 2024, it made $58K in qualifying distributions. Net investment income was $66K.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $2,132,639 | $1,927,190 | $1,551,517 |
| Revenue | $87,499 | $28,755 | $46,320 |
| Expenses | $79,711 | $84,015 | $65,327 |
| Qualifying Distributions | $58,351 | $67,631 | — |
| Net Investment Income | $66,139 | $23,811 | $46,320 |
| Distributable Amount | $100,477 | $85,690 | — |
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 |
|---|---|---|---|
| DESTA JEANNE MARIKA | PRES.,CLERK & BOARD MEMBER | 5 | — |
| ERIK MARIKA-RICH | TREASURER & BOARD MEMBER | 2 | — |
| ANURADHA DESAI | BOARD MEMBER | 2 | — |
| TOM FAHEY | BOARD MEMBER | 10 | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What is Marika Foundation Incorporated?
Marika Foundation Incorporated is a private foundation focused on Arts, Culture & Humanities, based in ROCKPORT, MA. It holds $2.1M in total assets as of 2024.
How large is Marika Foundation Incorporated?
As of 2024, Marika Foundation Incorporated holds $2.1M in total assets with $87K in annual revenue.
How much is Marika Foundation Incorporated required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Marika Foundation Incorporated reported a distributable amount of $100K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is Marika Foundation Incorporated's EIN?
Marika Foundation Incorporated's EIN (Employer Identification Number) is 81-3302498. IRS Form 990 filing data is available on this page for 2020–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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