George W Mergens Foundation
- Assets
- $17.2m
- Revenue
- $501.9k
- Investments
- $16.2m
- Employees
- 0
- Location
- Milton, VT
- Founding
- 05/1995
- Data as of
- 08/2024
- EIN
- 03-0345055
Organization Overview
George W Mergens Foundation is located in Milton, VT. The organization was established in 1995. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George W Mergens Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 08/2024, George W Mergens Foundation generated $501.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (32.7%) each year. All expenses for the organization totaled $1.1m during the year ending 08/2024. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George W Mergens Foundation has awarded 489 individual grants totaling $6,203,436. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2024
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul G Mergens President & Treasurer | 40 | $150,000 | |
Mary E Mergens-Loughran Vice President | 5 | $0 | |
Lenora A Mergens Director | 5 | $0 | |
William H Wiltshire Vp; Director Of Operations | 32 | $150,000 | |
Rachel Mergens Vp; Director Of Finance | 32 | $75,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $5,265 |
| Dividends & Interest | $380,008 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $116,630 |
| Capital Gain Net Income | $116,630 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $501,903 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $375,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $35,386 |
| Interest | $0 |
| Taxes | $30,676 |
| Depreciation | $323 |
| Occupancy | $29,667 |
| Travel, conferences, and meetings | $3,712 |
| Printing and publications | $0 |
| Other expenses | -$55,808 |
| Total operating and administrative expenses | $421,956 |
| Contributions, gifts, grants paid | $701,447 |
| Total expenses and disbursements | $1,123,403 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $43,719 |
| Savings and temporary cash investments | $937,211 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $872 |
| Other assets | $0 |
| Total assets | $17,167,415 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $3,260 |
| Total liabilities | $3,260 |
Grants Awarded
Over the last fiscal year, George W Mergens Foundation has awarded $701,447 in support to 67 organizations.
| Grant Recipient | Amount |
|---|---|
AUDUBON CENTER PURPOSE: YOUTH PROGRAMMING | $15,000 |
BARN ARTS PURPOSE: 2024 SUMMER YOUTH PRODUCTION | $5,000 |
ASPIRE TOGETHER PURPOSE: FATHERHOOD INITIATIVE PROGRAM | $10,000 |
BIRDS OF VERMONT MUSEUM PURPOSE: OPERATING | $3,000 |
BOYS & GIRLS CLUB OF BRATTLEBORO PURPOSE: PURCHASE OF TRANSPORT VEHICLES | $10,000 |
BOYS & GIRLS CLUB OF GREATER VERGENNES PURPOSE: 2024-2025 EXPLORATION PROGRAM | $5,000 |