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. All expenses for the organization totaled $17.5m during the year ending 12/2021. While expenses have increased by 196.0% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Esther And Harold Mertz Foundation has awarded 26 individual grants totaling $68,228,691. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
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 | $1,293,213 | |
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 $10,593,491 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
Sarasota, FL PURPOSE: TO FURTHER THE DONEE'S PURPOSE IN ACCORDANCE WITH DONEE'S MISSION STATEMENT. | $8,500,000 |
TUNNELS TO TOWERS PURPOSE: TO FURTHER THE DONEE'S EXEMPT PURPOSE IN ACCORDANCE WITH DONEE'S MISSION STATEMENT. | $1,038,491 |
HOPE FOR NEW YORK PURPOSE: TO SERVE NEW YORK'S MOST MARGINALIZED RESIDENTS INCLUDING AT RISK YOUTH AND THE HOMELESS | $500,000 |
Dulles, VA PURPOSE: TO ADVANCE THE AMERICAN HERITAGE OF FREEDOM BY HONORING MILITARY SERVICE | $300,000 |
New York, NY PURPOSE: TO END SEX TRAFFICKING IN NEW YORK | $75,000 |
HELEN KELLER SERVICES FOR THE BLIND PURPOSE: TO ASSIST DEAF-BLIND YOUTHS | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ghr Foundation Minneapolis, MN | $0 | $118,752,892 |
Goodman Family Operating Foundation Chaska, MN | $298,216,479 | $15,439,155 |
Wca Foundation C/O The Minneapolis Foundation Minneapolis, MN | $0 | $1,050,329 |
Esther And Harold Mertz Foundation Sioux Falls, SD | $674,132,608 | $21,835,940 |
Larson Foundation Sioux Falls, SD | $23,259,212 | -$633,184 |
John T Vucurevich Foundation Rapid City, SD | $151,565,692 | $20,798,188 |
Pohlad Family Foundation Minneapolis, MN | $102,001,164 | $18,381,775 |
Roy J Carver Charitable Tr Muscatine, IA | $235,043,756 | $22,231,044 |
F R Bigelow Foundation Trust 555 St Paul, MN | $202,026,485 | $23,166,449 |
Charles E Lakin Foundation Inc Council Bluffs, IA | $146,415,136 | $18,758,116 |
David And Janis Larson Foundation Minneapolis, MN | $131,263,001 | -$404,078 |
The Jennings Family Foundation Edina, MN | $20,317,059 | $4,027,228 |