TY 2023 Form 990PF

Part II		Balance Sheets	Beginning of year	End of year
Part II		Balance Sheets	(a) Book Value	(b) Book Value	(c) Fair Market Value
	1	Cash—non-interest-bearing.............	246,192	287,655	287,655
	2	Savings and temporary cash investments.........
	3	Accounts receivable
		Less: allowance for doubtful accounts
	4	Pledges receivable
		Less: allowance for doubtful accounts
	5	Grants receivable.................
	6	Receivables due from officers, directors, trustees, and other
		disqualified persons (attach schedule) (see instructions).....
	7	Other notes and loans receivable (attach schedule)
		Less: allowance for doubtful accounts
	8	Inventories for sale or use..............
	9	Prepaid expenses and deferred charges..........
	10a	Investments—U.S. and state government obligations (attach schedule)
	b	Investments—corporate stock (attach schedule).......
	c	Investments—corporate bonds (attach schedule).......
	11	Investments—land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	12	Investments—mortgage loans.............
	13	Investments—other (attach schedule)..........	4,831,494	5,378,090	5,378,090
	14	Land, buildings, and equipment: basis
		Less: accumulated depreciation (attach schedule)
	15	Other assets (describe )
	16	Total assets (to be completed by all filers—see the
		instructions. Also, see page 1, item I)	5,077,686	5,665,745	5,665,745
	17	Accounts payable and accrued expenses..........
	18	Grants payable.................
	19	Deferred revenue.................
	20	Loans from officers, directors, trustees, and other disqualified persons
	21	Mortgages and other notes payable (attach schedule)......
	22	Other liabilities (describe )
	23	Total liabilities (add lines 17 through 22).........		0
		Foundations that follow FASB ASC 958, check here
		and complete lines 24, 25, 29 and 30.
	24	Net assets without donor restrictions...........
	25	Net assets with donor restrictions............	5,077,686	5,665,745
		Foundations that do not follow FASB ASC 958, check here
		and complete lines 26 through 30.
	26	Capital stock, trust principal, or current funds........
	27	Paid-in or capital surplus, or land, bldg., and equipment fund
	28	Retained earnings, accumulated income, endowment, or other funds
	29	Total net assets or fund balances (see instructions).....	5,077,686	5,665,745
	30	Total liabilities and net assets/fund balances (see instructions).	5,077,686	5,665,745

(a) List and describe the kind(s) of property sold (e.g., real estate, 2-story brick warehouse; or common stock, 200 shs. MLC Co.)		(b) How acquired P—Purchase D—Donation	(c) Date acquired (mo., day, yr.)	(d) Date sold (mo., day, yr.)
1 a	Pershing LLC a/c	P	2010-01-01	2023-12-31
b
c
d
e

(e) Gross sales price		(g) Cost or other basis plus expense of sale	(h) Gain or (loss) (e) plus (f) minus (g)
a	773,114	737,898	35,216
b
c
d
e

Complete only for assets showing gain in column (h) and owned by the foundation on 12/31/69			(l) Gains (Col. (h) gain minus col. (k), but not less than -0-) or Losses (from col.(h))
(i) F.M.V. as of 12/31/69	(j) Adjusted basis as of 12/31/69	(k) Excess of col. (i) over col. (j), if any
a			35,216
b
c
d
e

2	Capital gain net income or (net capital loss)	If gain, also enter in Part I, line 7 If (loss), enter -0- in Part I, line 7	2	35,216
3	Net short-term capital gain or (loss) as defined in sections 1222(5) and (6):
	If gain, also enter in Part I, line 8, column (c) (see instructions). If (loss), enter -0- in Part I, line 8 ...................		3

1a	Exempt operating foundations described in section 4940(d)(2), check here and enter “N/A" on line 1.
	Date of ruling or determination letter: (attach copy of letter if necessary–see instructions)	1	1,962
b	All other domestic foundations enter 1.39% (0.0139) of line 27b. Exempt foreign organizations enter 4% (0.04) of Part I, line 12, col. (b)
2	Tax under section 511 (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	2
3	Add lines 1 and 2...........................	3	1,962
4	Subtitle A (income) tax (domestic section 4947(a)(1) trusts and taxable foundations only. Others enter -0-)	4
5	Tax based on investment income. Subtract line 4 from line 3. If zero or less, enter -0- .....	5	1,962
6	Credits/Payments:

a	2023 estimated tax payments and 2022 overpayment credited to 2023	6a	5,696
b	Exempt foreign organizations—tax withheld at source......	6b
c	Tax paid with application for extension of time to file (Form 8868)...	6c
d	Backup withholding erroneously withheld ..........	6d

7	Total credits and payments. Add lines 6a through 6d..............		7	5,696
8	Enter any penalty for underpayment of estimated tax. Check here if Form 2220 is attached.		8
9	Tax due. If the total of lines 5 and 8 is more than line 7, enter amount owed.......		9
10	Overpayment. If line 7 is more than the total of lines 5 and 8, enter the amount overpaid...		10	3,734
11	Enter the amount of line 10 to be: Credited to 2024 estimated tax3,734	Refunded	11

(a) Name and address	(b) Title, and average hours per week devoted to position	(c) Compensation (If not paid, enter -0-)
Stephen G Martin	President 0.00	0
P O Box 102 Newton,NJ07860
Alice D Martin	Vice President 0.00	0
P O Box 158 Newton,NJ07860
Anita S Finkel	Treasurer 0.00	0
603 Bloomfield Avenue Verona,NJ07044

List the foundation’s four largest direct charitable activities during the tax year. Include relevant statistical information such as the number of organizations and other beneficiaries served, conferences convened, research papers produced, etc.	Expenses
1


2


3


4

Describe the two largest program-related investments made by the foundation during the tax year on lines 1 and 2.	Amount
1


2


All other program-related investments. See instructions.
3

		(a) Corpus	(d) 2023
1 Distributable amount for 2023 from Part X, line 7			259,900
2 Undistributed income, if any, as of the end of 2022:
a Enter amount for 2022 only.......
b Total for prior years:20 , 20, 20
3 Excess distributions carryover, if any, to 2022:
a From 2018......	6,266
b From 2019......
c From 2020......
d From 2021......	5,565
e From 2022......	64,492
f Total of lines 3a through e ........		76,323
4Qualifying distributions for 2023 from Part
XI, line 4: $ 348,000
a Applied to 2022, but not more than line 2a
b Applied to undistributed income of prior years (Election required—see instructions).....
c Treated as distributions out of corpus (Election required—see instructions)........		0
d Applied to 2023 distributable amount.....			259,900
e Remaining amount distributed out of corpus		88,100
5 Excess distributions carryover applied to 2023.
(If an amount appears in column (d), the same amount must be shown in column (a).)
6Enter the net total of each column as indicated below:
a Corpus. Add lines 3f, 4c, and 4e. Subtract line 5		164,423
b Prior years’ undistributed income. Subtract line 4b from line 2b ..........
c Enter the amount of prior years’ undistributed income for which a notice of deficiency has been issued, or on which the section 4942(a) tax has been previously assessed......
d Subtract line 6c from line 6b. Taxable amount —see instructions ...........
e Undistributed income for 2022. Subtract line 4a from line 2a. Taxable amount—see instructions .............
f Undistributed income for 2023. Subtract lines 4d and 5 from line 1. This amount must be distributed in 2024 ..........			0
7 Amounts treated as distributions out of corpus to satisfy requirements imposed by section 170(b)(1)(F) or 4942(g)(3) (Election may be required - see instructions) .......
8 Excess distributions carryover from 2018 not applied on line 5 or line 7 (see instructions) ...		6,266
9 Excess distributions carryover to 2024. Subtract lines 7 and 8 from line 6a ......		158,157
10 Analysis of line 9:
a Excess from 2019....
b Excess from 2020....
c Excess from 2021....	5,565
d Excess from 2022....	64,492
e Excess from 2023....	88,100

2a Enter the lesser of the adjusted net income from Part I or the minimum investment return from Part IX for each year listed ..........	Tax year	Prior 3 years			(e) Total
	(a) 2023	(b) 2022	(c) 2021	(d) 2020	(e) Total

b 85% (0.85) of line 2a .........
c Qualifying distributions from Part XI, line 4 for each year listed .....
d Amounts included in line 2c not used directly for active conduct of exempt activities ..........
e Qualifying distributions made directly for active conduct of exempt activities. Subtract line 2d from line 2c ....
3 Complete 3a, b, or c for the alternative test relied upon:
a “Assets" alternative test—enter:
(1) Value of all assets ......
(2) Value of assets qualifying under section 4942(j)(3)(B)(i)
b “Endowment" alternative test— enter 2/3 of minimum investment return shown in Part IX, line 6 for each year listed ..
c “Support" alternative test—enter:
(1) Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties) ....
(2) Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)....
(3) Largest amount of support from an exempt organization
(4) Gross investment income

aThe name, address, and telephone number or email address of the person to whom applications should be addressed:

bThe form in which applications should be submitted and information and materials they should include:

cAny submission deadlines:

dAny restrictions or limitations on awards, such as by geographical areas, charitable fields, kinds of institutions, or other
factors:

3 Grants and Contributions Paid During the Year or Approved for Future Payment
aPaid during the year
Ron Hutchcraft Ministries Inc P O Box 400 Harrison,AR72602	None	Religious education	60,000
Alliance Defending Freedom 15100 N 90th Street Scottsdale,AZ85260	None	Support religious freedom	20,000
Family Research Council P O Box 2339 Holland,MI49422	None	Religious education	10,000
Billy Graham Evangelistic Association 1 Billy Graham Parkway Charlotte,NC28201	None	Religious education	50,000
Salvation Army P O Box 3124 Union,NJ07083	None	Religious education	10,000
Christian Schools International 99 Monroe Avenue Suite 200 Grand Rapids,MI49503	None	Religious education	5,000
In Touch Ministries P O Box 7900 Atlanta,GA30357	None	Religious education	10,000
Prison Fellowship P O Box 1550 Merrifield,VA22116	None	Religious education	10,000
Today's Choice P O Box 873 Newton,NJ07860	None	Religious education	11,000
World Renew 8970 Byron Commerce Dr SW Byron Center,MI49315	None	Religious education	5,000
American Bible Society 101 N Independence Mall East FL 8 Philadelphia,PA19106	None	Religious education	10,000
Gideons International P O Box 140800 Nashville,TN37214	None	Religious Education	5,000
Northwest Christian School 92 Route 519 Newton,NJ07860	None	Religious Education	5,000
CRU P O Box 628222 Orlando,FL32862	None	Religious Education	10,000
Samaritan's Purse P O Box 3000 Boone,NC28607	None	Relief and Support Work	50,000
Newton Medical Center Foundation 175 High Street Newton,NJ07860	None	Medical Services	10,000
Turning Point for God P O Box 3838 San Diego,CA92163	None	Religious education	20,000
First Liberty Institute 2001 West Plano Parkway Plano,TX75075	None	Legal defense	5,000
Habitat for Humanity 322 W Lamar Street Americus,GA31709	None	Support organization	5,000
Hagee Ministries P O Box 659240 San Antonio,TX78265	None	Religious Education	10,000
King's Bible Ministry P O Box 364 Vernon,NJ07462	None	Religious Education	2,000
Resonate Global Ministries 1700 28th Street SE Grand Rapids,MI49508	None	Religious Education	5,000
World Gospel Mission P O Box 948 Marion,IN46952	None	Religious Teaching	10,000
Trinity Broadcasting Network P O Box 316 Fort Worth,TX76161	None	Religious Education	5,000
World Vision P O Box 70224 Tacoma,WA98481	None	Religious Education	5,000
Total ................................. 3a	348,000

Line No.	Explain below how each activity for which income is reported in column (e) of Part XV-A contributed importantly to the accomplishment of the foundation’s exempt purposes (other than by providing funds for such purposes). (See instructions.)

(a) Line No.	(b) Amount involved	(c) Name of noncharitable exempt organization	(d) Description of transfers, transactions, and sharing arrangements

(a) Name of organization	(b) Type of organization	(c) Description of relationship

	Analysis of Revenue and Expenses (The total of amounts in columns (b), (c), and (d) may not necessarily equal the amounts in column (a) (see instructions).)	(a) Revenue and expenses per books		(b) Net investment income	(c) Adjusted net income	(d) Disbursements for charitable purposes (cash basis only)


1	Contributions, gifts, grants, etc., received (attach schedule)	400,000
2	Check .............
3	Interest on savings and temporary cash investments
4	Dividends and interest from securities...	105,913		105,913	105,913
5a	Gross rents............
b	Net rental income or (loss)
6a	Net gain or (loss) from sale of assets not on line 10		35,216
b	Gross sales price for all assets on line 6a 773,114
7	Capital gain net income (from Part IV, line 2)...			35,216
8	Net short-term capital gain.........
9	Income modifications...........
10a	Gross sales less returns and allowances
b	Less: Cost of goods sold....
c	Gross profit or (loss) (attach schedule).....
11	Other income (attach schedule).......	List of Attached Documents: // Content	400,673
12	Total. Add lines 1 through 11........	941,802		141,129	105,913
13	Compensation of officers, directors, trustees, etc.
14	Other employee salaries and wages......
15	Pension plans, employee benefits.......
16a	Legal fees (attach schedule).........
b	Accounting fees (attach schedule).......	List of Attached Documents: // Content	1,750
c	Other professional fees (attach schedule)....	List of Attached Documents: // Content	963
17	Interest...............
18	Taxes (attach schedule) (see instructions)...	List of Attached Documents: // Content	3,000
19	Depreciation (attach schedule) and depletion...
20	Occupancy..............
21	Travel, conferences, and meetings.......
22	Printing and publications..........
23	Other expenses (attach schedule).......	List of Attached Documents: // Content	30
24	Total operating and administrative expenses.
	Add lines 13 through 23..........	5,743		0		0
25	Contributions, gifts, grants paid.......	348,000				348,000
26	Total expenses and disbursements. Add lines 24 and 25	353,743		0		348,000
27	Subtract line 26 from line 12:
a	Excess of revenue over expenses and disbursements	588,059
b	Net investment income (if negative, enter -0-)			141,129
c	Adjusted net income (if negative, enter -0-)...				105,913

3 Five highest-paid independent contractors for professional services (see instructions). If none, enter "NONE".
(a) Name and address of each person paid more than $50,000	(b) Type of service	(c) Compensation
NONE

Enter gross amounts unless otherwise indicated.	Unrelated business income		Excluded by section 512, 513, or 514		(e) Related or exempt function income (See instructions.)
1Program service revenue:	(a) Business code	(b) Amount	(c) Exclusion code	(d) Amount	(e) Related or exempt function income (See instructions.)
a
b
c
d
e
f
gFees and contracts from government agencies
2 Membership dues and assessments ....
3 Interest on savings and temporary cash investments ...........
4 Dividends and interest from securities ....					105,913
5 Net rental income or (loss) from real estate:
aDebt-financed property......
bNot debt-financed property.....
6 Net rental income or (loss) from personal property
7 Other investment income .....					400,673
8 Gain or (loss) from sales of assets other than inventory ............					35,216
9 Net income or (loss) from special events:
10 Gross profit or (loss) from sales of inventory
11 Other revenue: a
b
c
d
e
12 Subtotal. Add columns (b), (d), and (e) ..					541,802

Paid Preparer Use Only	Print/Type preparer's name	Preparer's Signature	Date	Check if self- employed	PTIN
	Firm's name				Firm's EIN
	Firm's address				Phone no.

Software ID:	23017517
Software Version:	2023v5.1


(a) Name and address of each employee paid more than $50,000	(b) Title, and average hours per week devoted to position	(c) Compensation	(d) Contributions to employee benefit plans and deferred compensation	(e) Expense account, other allowances
NONE









Total number of other employees paid over $50,000...................

3 Grants and Contributions Paid During the Year or Approved for Future Payment
Recipient	If recipient is an individual, show any relationship to any foundation manager or substantial contributor	Foundation status of recipient	Purpose of grant or contribution	Amount
Name and address (home or business)		Foundation status of recipient	Purpose of grant or contribution	Amount
aPaid during the year
Ron Hutchcraft Ministries Inc P O Box 400 Harrison,AR72602	None		Religious education	60,000
Alliance Defending Freedom 15100 N 90th Street Scottsdale,AZ85260	None		Support religious freedom	20,000
Family Research Council P O Box 2339 Holland,MI49422	None		Religious education	10,000
Billy Graham Evangelistic Association 1 Billy Graham Parkway Charlotte,NC28201	None		Religious education	50,000
Salvation Army P O Box 3124 Union,NJ07083	None		Religious education	10,000
Christian Schools International 99 Monroe Avenue Suite 200 Grand Rapids,MI49503	None		Religious education	5,000
In Touch Ministries P O Box 7900 Atlanta,GA30357	None		Religious education	10,000
Prison Fellowship P O Box 1550 Merrifield,VA22116	None		Religious education	10,000
Today's Choice P O Box 873 Newton,NJ07860	None		Religious education	11,000
World Renew 8970 Byron Commerce Dr SW Byron Center,MI49315	None		Religious education	5,000
American Bible Society 101 N Independence Mall East FL 8 Philadelphia,PA19106	None		Religious education	10,000
Gideons International P O Box 140800 Nashville,TN37214	None		Religious Education	5,000
Northwest Christian School 92 Route 519 Newton,NJ07860	None		Religious Education	5,000
CRU P O Box 628222 Orlando,FL32862	None		Religious Education	10,000
Samaritan's Purse P O Box 3000 Boone,NC28607	None		Relief and Support Work	50,000
Newton Medical Center Foundation 175 High Street Newton,NJ07860	None		Medical Services	10,000
Turning Point for God P O Box 3838 San Diego,CA92163	None		Religious education	20,000
First Liberty Institute 2001 West Plano Parkway Plano,TX75075	None		Legal defense	5,000
Habitat for Humanity 322 W Lamar Street Americus,GA31709	None		Support organization	5,000
Hagee Ministries P O Box 659240 San Antonio,TX78265	None		Religious Education	10,000
King's Bible Ministry P O Box 364 Vernon,NJ07462	None		Religious Education	2,000
Resonate Global Ministries 1700 28th Street SE Grand Rapids,MI49508	None		Religious Education	5,000
World Gospel Mission P O Box 948 Marion,IN46952	None		Religious Teaching	10,000
Trinity Broadcasting Network P O Box 316 Fort Worth,TX76161	None		Religious Education	5,000
World Vision P O Box 70224 Tacoma,WA98481	None		Religious Education	5,000
Total ................................. 3a				348,000

bApproved for future payment

Total ................................. 3b

Name of organization Kenneth and Alice Martin Family Foundation Inc

Part I Contributors	Contributors (see instructions). Use duplicate copies of Part I if additional space is needed.
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
1	Alice Martin P O Box 158 Newton, NJ07860	$ 300,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
2	Stephen Martin P O Box 102 Newton, NJ07860	$ 100,000	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
(a) No.	(b) Name, address, and ZIP + 4	(c) Total contributions	(d) Type of contribution
		$	Person Payroll Noncash (Complete Part II for noncash contributions.)
Schedule B (Form 990) (2023)

Name of organization Kenneth and Alice Martin Family Foundation Inc		Employer identification number 45-3788478

Part II	Noncash Property (see instructions). Use duplicate copies of Part II if additional space is needed.
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
(a) No. from Part I	(b) Description of noncash property given	(c) FMV (or estimate) (See instructions)	(d) Date received
		$
Schedule B (Form 990) (2023)


Name of organization Kenneth and Alice Martin Family Foundation Inc			Employer identification number 45-3788478
Part III Exclusively religious, charitable, etc., contributions to organizations described in section 501(c)(7), (8), or (10) that total more than $1,000 for the year from any one contributor. Complete columns (a) through (e) and the following line entry. For organizations completing Part III, enter the total of exclusively religious, charitable, etc., contributions of $1,000 or less for the year. (Enter this information once. See instructions.) $ Use duplicate copies of Part III if additional space is needed.