Overview
What is Mareve Corporation?
Mareve Corporation, headquartered in Brooklyn, New York, serves as the custodian of investments. Its primary objective is to generate income from these investments and subsequently distribute the entire income, minus expenses, to the Caroline and Joseph S. Gruss Monument Life Funds, Inc. This nonprofit organization's mission is centered around supporting education within Jewish day schools. By managing investments and distributing the income, Mareve Corporation is contributing to the betterment of educational opportunities within the Jewish community.
Is Mareve Corporation legitimate?
Mareve Corporation is a legitimate nonprofit organization registered as a 501(c)(2) entity. Mareve Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Mareve Corporation?
The Mareve Corporation's primary function is to manage investments, collect income from these investments, and subsequently distribute the income, after deducting expenses, to the Caroline and Joseph S. Gruss Monument Life Funds, Inc. Its mission, in essence, is to serve as a financial intermediary, channeling income to the aforementioned funds. While the provided information does not specify an explicit mission statement aimed at public welfare or social change, it is noteworthy that the corporation supports education in Jewish day schools through its programs.
Who is the CEO of Mareve Corporation?
Jason Cury is the President of Mareve Corporation.
What is the revenue of Mareve Corporation?
Mareve Corporation's revenue in 2023 was $245,279.
Who are the executives of Mareve Corporation and what are their salaries?
There 5 volunteers at Mareve Corporation.
There is 1 key member and their salary:
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Mareve Corporation?
Mareve Corporation's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mareve Corporation
Mareve Corporation, as a nonprofit entity, is dedicated to maintaining ownership of investments and generating income from them. This income is then meticulously distributed, with expenses deducted, to the Caroline and Joseph S. Gruss Monument Life Funds, Inc. The primary objective of Mareve Corporation is not to retain any portion of the income for itself, but rather to channel the entirety of it towards the aforementioned funds.
In essence, Mareve Corporation serves as a financial intermediary, facilitating the flow of income generated from its investments to the Caroline and Joseph S. Gruss Monument Life Funds, Inc. This mission aligns with the corporation's commitment to supporting education in Jewish day schools, albeit not directly providing educational services itself. By focusing on its financial role, Mareve Corporation contributes to the broader educational landscape in a unique and indirect manner.
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Impact
October, 2024
Mareve Corporation plays a significant role in enhancing education in Jewish day schools through its strategic financial activities. By holding and managing investments, the corporation generates income that directly supports educational initiatives via the Caroline and Joseph S. Gruss Monument Life Funds, Inc. This structured approach ensures that the entire income, after covering necessary expenses, is funneled into programs that improve educational opportunities.
Located in Brooklyn, NY, Mareve Corporation's work not only impacts the schools it supports but also enriches the wider community by promoting educational excellence and cultural continuity. Through its commitment to funding, Mareve Corporation fosters an environment where students in Jewish day schools can thrive academically and personally, ensuring that vital educational resources are available for future generations.
This information is meant to be a general summary of Mareve Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $245,279
- Gross Receipts: $245,279
Assets and Liabilities:
- Total Assets: $9,047,591
- Total Liabilities: $0
- Net Assets: $9,047,591
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Organization Details
Founding Year
1993
Phone
(212) 757-1500Principal Officer
Jason Cury
Main Address
148 39th Street, Brooklyn, NY, 11232
NTEE Category
Code: S47 - Community improvement
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