Marika Foundation Incorporated
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.
Marika Foundation Incorporated at a glance
- Total assets
- $2,132,639
- +10.7% vs 2023
- Revenue (2024)
- $87,499
- +204.3% vs 2023
- Qualifying distributions (2024)
- $58,351
- -13.7% vs 2023
- Expenses (2024)
- $79,711
- -5.1% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|
| 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 | — | $58,776 | — |
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.
Leadership & Key People
Officers and directors from IRS filings
Marika Foundation Incorporated is led by Desta Jeanne Marika, President, Clerk & Board Member on every filing since 2020; none of the 4 officers listed in 2024 report compensation.
Officers on the 2024 filing
Desta Jeanne Marika
President, Clerk & Board Member
On filings since 2020
5 hrs/week
No compensation reported
Tom Fahey
Board Member
On filings since 2020
10 hrs/week
$5K (2020) → $0 (2024)
Anuradha Desai
Board Member
On filings since 2020
2 hrs/week
No compensation reported
Erik Marika-Rich
Treasurer & Board Member
On filings since 2020
2 hrs/week
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "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
How large is Marika Foundation Incorporated?
Marika Foundation Incorporated reported $2.1M in total assets on its 2024 IRS Form 990-PF. It paid out $58K in qualifying distributions that year, against a required minimum of $100K (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?
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.
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.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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