Tax-Exempt Status Previously Revoked
Mareve Corporation had its tax-exempt status revoked by the IRS on October 12, 2020 and was reinstated on February 15, 2020.
Mareve Corporation
HOLD TITLE TO INVESTMENTS, COLLECT INCOME THEREFROM, AND DISTRIBUTE THE ENTIRE INCOME LESS EXPENSES TO THE CENTER FOR INITIATIVES IN JEWISH EDUCATION, INC.
IRS Tax Year 2024
Period ending September 30, 2025
Total Revenue
$355K
Total Expenses
$2.5M
Net Assets
$3.8M
Employees
0
Volunteers
5
Grants Paid
$2.5M
Program Expense Ratio
0.0%
This nonprofit profile presents IRS Form 990 tax filing data for Mareve Corporation (EIN: 13-3701551), based on the 2024 tax year annual return filed with the Internal Revenue Service.
Sections below include financial summaries (revenue, expenses, and net assets), program accomplishments, officer and key employee compensation, detailed executive pay breakdowns, governance policies and audit information, related tax-exempt organizations. All figures are reported in USD as filed.
Chat with Mareve Corporation's data & any nonprofit
Coming SoonCompare organizations, analyze trends, and ask questions about Mareve Corporation's finances, compensation, and programs — or any other nonprofit — using our AI-powered research assistant.
Financial Health
Transparency
Compensation
Program Effectiveness
Financial Stability
Risk Flags
Indicators derived from IRS Form 990 data. Not financial advice.
Mareve Corporation is a 501(c)(02) nonprofit headquartered in NEW YORK, NY, founded in 1993. The organization has held tax-exempt status since 2021. In its 2024 filing, the organization reported $355K in total revenue, a 113.0% increase from the prior year, and $2.5M in total expenses. The organization engaged 5 volunteers. JASON CURY, PRESIDENT, is the highest-compensated individual at $521,215. 2 of 6 recommended governance policies are in place.
Programs(Tax Year 2024)
1 record
Mareve Corporation operates 1 program.
SUPPORT EDUCATION IN JEWISH DAY SCHOOLS
Financial Overview(Tax Years 2020–2024)
5 records
Over the past 5 years, Mareve Corporation's revenue has grown from $119K to $355K, a 199.6% increase. Program expenses represent 0% of total spending.
Revenue increased 113.0% year-over-year, while expenses declined 43.4%. net assets fell to $3.8M, down 31.1% from the prior year.
Mareve Corporation derives 100% from investment income.
Revenue grew by 113.0% while expenses declined by only 43.4%, suggesting improving operational efficiency.
Mareve Corporation distributed $2.5M in grants to other organizations and individuals, representing 100% of total expenses.
Over 5 filings from 2020–2024, Mareve Corporation grew revenue from $119K to $355K (+199.6%) while maintaining a program expense ratio of 0%.
Mareve Corporation holds $3.8M in total assets against $0 in liabilities (debt-to-asset ratio of 0%). The organization has 18.6 months of operating reserves. Cash and equivalents of $0 cover approximately 0.0 months of expenses.
Revenue
| Year | Total Revenue | Contributions | Gov't Grants | Program Revenue | Investment |
|---|---|---|---|---|---|
| 2024 | $355K | $0 | $0 | $0 | $355K |
| 2023 | $167K | $0 | $0 | $0 | $167K |
| 2022 | $245K | $0 | $0 | $0 | $245K |
| 2021 | $4.1M | $0 | $0 | $0 | $4.1M |
| 2020 | $119K | $0 | $0 | $0 | $119K |
Expenses
| Year | Total Expenses | Program | Management | Fundraising | Grants Paid |
|---|---|---|---|---|---|
| 2024 | $2.5M | $0 | $0 | $0 | $2.5M |
| 2023 | $4.3M | $4.3M | $75 | $0 | $4.3M |
| 2022 | $991K | $991K | $45 | $0 | $991K |
| 2021 | $0 | $0 | $0 | $0 | $0 |
| 2020 | $0 | $0 | $0 | $0 | $0 |
Program Expense Ratio
0.0%
Admin Expense Ratio
0.0%
Fundraising Efficiency
—
Operating Reserve
18.6 mo
People & Compensation(Tax Year 2024)
1 record
Mareve Corporation reported compensation for 1 officers and key employees. Total officer compensation was $521K, representing 21.2% of total expenses. 1 individual received total compensation exceeding $500,000.
Mareve Corporation's highest-compensated individual received $521K in total compensation. Total officer compensation of $521K represents 21.2% of total expenses. 1 individual received total compensation exceeding $500,000.
| Name | Title | Type | Hours/wk | Comp from Org | Related Orgs | Total |
|---|---|---|---|---|---|---|
| JASON CURY | PRESIDENT | Officer | 7.00 | $0 | $521,215 | $521,215 |
Compensation Breakdown
Schedule J detail — base, bonus, benefits, and executive perks
JASON CURY
Base Salary
—
Bonus
—
Other Reportable
—
Retirement/Deferred
—
Nontaxable Benefits
—
Governance & Compliance(Tax Year 2024)
Mareve Corporation has 2 of 6 recommended governance policies in place. Its board has 1 members, 1 of whom are independent.
Mareve Corporation's financial statements are audited, an audit committee oversees the process.
Policies & Oversight
Audit & Financial Oversight
Grants Awarded(Tax Year 2024)
1 record
Mareve Corporation awarded $2.5M across 1 grant to organizations. Top recipients include CENTER FOR INITIATIVES IN JEWISH EDUCATION INC (BROOKLYN, NY) — $2.5M for grants to jewish day schools.
Organization Grants
| Recipient | Location | Amount | Purpose |
|---|---|---|---|
| CENTER FOR INITIATIVES IN JEWISH EDUCATION INC770698155 | BROOKLYN, NY | $2.5M | GRANTS TO JEWISH DAY SCHOOLS |
Filing History(Tax Years 2020–2024)
5 records
Showing the 5 Form 990 filings currently in our system.
| Tax Year | Form | Period | Revenue | Expenses | Net Assets |
|---|---|---|---|---|---|
| 2024 | 990 | 2024-10-01 – 2025-09-30 | $355K | $2.5M | $3.8M |
| 2023 | 990 | 2023-10-01 – 2024-09-30 | $167K | $4.3M | $5.5M |
| 2022 | 990 | 2022-10-01 – 2023-09-30 | $245K | $991K | $9.0M |
| 2021 | 990 | 2021-10-01 – 2022-09-30 | $4.1M | $0 | $9.7M |
| 2020 | Reinstated | Tax-exempt status reinstated Feb 15, 2020 | |||
| 2020 | 990 | 2020-10-01 – 2021-09-30 | $119K | $0 | $11.0M |
| 2020 | Revoked | Tax-exempt status revoked Oct 12, 2020 | |||
| This organization has been revoked and reinstated. The IRS ruling date may have been reissued, so the filing history above may not reflect the complete record and some years may be missing. | |||||
Frequently Asked Questions
What does Mareve Corporation do?
HOLD TITLE TO INVESTMENTS, COLLECT INCOME THEREFROM, AND DISTRIBUTE THE ENTIRE INCOME LESS EXPENSES TO THE CENTER FOR INITIATIVES IN JEWISH EDUCATION, INC.
How much revenue does Mareve Corporation have?
Mareve Corporation reported $355,042 in total revenue for tax year 2024, up 113.0% from the prior year.
Who is the highest-paid executive at Mareve Corporation?
JASON CURY, PRESIDENT, received $521,215 in total compensation as of tax year 2024.
Is Mareve Corporation a 501(c)(3)?
Mareve Corporation is classified as a 501(c)(02) tax-exempt organization.
Where is Mareve Corporation located?
Mareve Corporation is headquartered in NEW YORK, NY 10006.
Is Mareve Corporation audited?
Yes, Mareve Corporation's financial statements are audited, and the organization has an audit committee.
Does Mareve Corporation give grants?
Yes, Mareve Corporation distributed $2,456,000 in grants to other organizations and individuals in tax year 2024. Top recipients include CENTER FOR INITIATIVES IN JEWISH EDUCATION INC.
Data Source
IRS Form 990 electronic filings via the IRS Exempt Organizations Business Master File. All financial figures are as reported in USD.
Ask anything about
any nonprofit
Get instant, data-backed answers about nonprofit compensation, financials, and trends. Join the waitlist for early access. Free tier included at launch.
Trusted by nonprofit professionals
3.6M+
IRS Filings
1.7M+
Organizations
28M+
Comp Records