Esther And Harold Mertz Foundation
- Assets
- $674.1m
- Revenue
- $21.8m
- Investments
- $672.0m
- Employees
- 0
- Location
- Sioux Falls, SD
- Founding
- 11/2000
- Data as of
- 12/2021
- EIN
- 13-7231616
Organization Overview
Esther And Harold Mertz Foundation is located in Sioux Falls, SD. The organization was established in 2000. According to its NTEE Classification (T22) the organization is classified as: Private Independent Foundations, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Esther And Harold Mertz 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 12/2021, Esther And Harold Mertz Foundation generated $21.8m in total revenue. This organization has experienced exceptional growth, as over the past 3 years, it has increased revenue by an average of 42.2% each year . All expenses for the organization totaled $17.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Esther And Harold Mertz Foundation has awarded 37 individual grants totaling $69,344,291. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION IS NOT DIRECTLY INVOLVED IN ANY CHARITABLE ACTIVITIES. ITS PRIMARY PURPOSE IS TO SUPPORT, BY CONTRIBUTIONS, OTHER ORGANIZATIONS EXEMPT UNDER IRS SEC 501(C)(3).
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nancy L Close Direction Advisor | 40 | $945,000 | |
Lavender Trust Company Inc Trustee | 10 | $2,500 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Qp Global Family Offices Llc | 12/30/21 | $61,000 |
Mirta Tanjeloff | 12/30/21 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $975,736 |
| Interest on Savings | $0 |
| Dividends & Interest | $16,164 |
| Net Rental Income | $13,800,643 |
| Net Gain on Sale of Assets | $1,991,131 |
| Capital Gain Net Income | $1,991,131 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $5,052,266 |
| Total Revenue | $21,835,940 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $1,295,713 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $110,046 |
| Depreciation | $3,999,366 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $1,365,616 |
| Total operating and administrative expenses | $6,920,222 |
| Contributions, gifts, grants paid | $10,593,491 |
| Total expenses and disbursements | $17,513,713 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,326,834 |
| 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 | $625,286,957 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $819,232 |
| Total assets | $674,132,608 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Esther And Harold Mertz Foundation has awarded $1,115,600 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICA'S VETDOGS PURPOSE: TO PROVIDE ENHANCED MOBILITY AND RENEWED INDEPENDENCE TO UNITED STATES VETERANS | $25,000 |
BACK ON MY FEET PURPOSE: TO PROVIDE SUPPORTS FOR HOMELESS INVIDUALS | $30,000 |
FIRST RESPONDERS CHILDREN'S FOUNDATION PURPOSE: TO FURTHER THE DONEE'S PURPOSE IN ACCORDANCE WITH DONEE'S MISSION STATEMENT. | $10,000 |
FLORIDA SOUTHWESTERN STATE COLLEGE FOUNDATION PURPOSE: TO FURTHER THE DONEE'S PURPOSE IN ACCORDANCE WITH DONEE'S MISSION STATEMENT. | $15,000 |
GUIDE DOG FOUNDATION FOR THE BLIND INC PURPOSE: TO IMPROVE THE QUALITY OF LIFE FOR PEOPLE WHO ARE BLIND | $25,000 |
FREEDOM ALLIANCE PURPOSE: TO ADVANCE THE AMERICAN HERITAGE OF FREEDOM BY HONORING MILITARY SERVICE | $350,000 |