Merakey Foundation
- Assets
- $10.1m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 0
- Location
- Lafayette Hill, PA
- Founding
- 12/1999
- Data as of
- 06/2021
- EIN
- 23-3005583
Organization Overview
Merakey Foundation is located in Lafayette Hill, PA. The organization was established in 1999. According to its NTEE Classification (E60) the organization is classified as: Health Support, under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merakey 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 06/2021, Merakey Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 17.8% each year . All expenses for the organization totaled $1.1m during the year ending 06/2021. While expenses have increased by 4.8% per year over the past 6 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, Merakey Foundation has awarded 60 individual grants totaling $2,715,069. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONDUCT FUNDRAISING EVENTS AND SOLICIT DONATIONS TO SUPPORT THE OPERATIONS OF ITS AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE MERAKEY FOUNDATION PROVIDES CRITICAL FINANCIAL SUPPORT WHERE THIRD-PARTY FUNDING FOR THE OPERATION OF MERAKEY'S PROGRAMS FALLS SHORT. THE FOUNDATION ALSO RAISES AWARENESS ABOUT THE HEALTH AND SOCIAL ISSUES THAT IMPACT THE INDIVIDUALS WE SERVE. SINCE ITS FOUNDING IN 1999, THE MERAKEY FOUNDATION HAS RAISED NEARLY 10 MILLION DOLLARS THROUGH GRANTS, EVENTS, AND PRIVATE DONATION. HIGHLIGHTS THIS PAST YEAR INCLUDE PROVIDING ADDITIONAL HARDWARE TO SUPPORT EXPANDED TELEHEALTH AND REMOTE LEARNING DURING THE PANDEMIC, ADDITIONAL HOUSING SCHOLARSHIPS FOR PEOPLE IN DRUG AND ALCOHOL RECOVERY, EMERGENCY FUNDING FOR UNEXPECTED PPE EXPENSES DURING THE PANDEMIC, AND FUNDS TO SUPPORT INDIVIDUALS WITH DISABILITIES QUARENTINING IN THEIR COMMUNITY HOMES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Joseph Martz Director/officer/ceo | OfficerTrustee | 0.5 | $0 |
John Krol Director | Trustee | 1 | $0 |
Christopher Dunton Director | Trustee | 1 | $0 |
Kevin Kelly Director | Trustee | 1 | $0 |
Christopher Harvey Director | Trustee | 1 | $0 |
John G Frisch Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $243,677 |
| Related organizations | $1,040,489 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $132,981 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,417,147 |
| Total Program Service Revenue | $0 |
| Investment income | $184,917 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $158,490 |
| Net Income from Fundraising Events | $462,174 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,222,728 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $336,363 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $347,781 |
| Pension plan accruals and contributions | $21,777 |
| Other employee benefits | $52,319 |
| Payroll taxes | $23,933 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $32,900 |
| Advertising and promotion | $127,475 |
| Office expenses | $83,330 |
| Information technology | $15,980 |
| Royalties | $0 |
| Occupancy | $36,806 |
| Travel | $25 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,018 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $142 |
| All other expenses | $40,591 |
| Total functional expenses | $1,122,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $847,865 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $47,429 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $17,281 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $8,858,679 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $316,283 |
| Total assets | $10,087,537 |
| Accounts payable and accrued expenses | $6,721 |
| Grants payable | $0 |
| Deferred revenue | $22,310 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,031 |
| Net assets without donor restrictions | $9,245,125 |
| Net assets with donor restrictions | $813,381 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $10,087,537 |
Grants Awarded
Over the last fiscal year, Merakey Foundation has awarded $328,048 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
Lafayette Hill, PA PURPOSE: PROGRAM SUPPORT | $120,333 |
Lafayette Hill, PA PURPOSE: PROGRAM SUPPORT | $59,982 |
FRESH START NOW INC PURPOSE: PROGRAM SUPPORT | $53,941 |
Lafayette Hill, PA PURPOSE: PROGRAM SUPPORT | $21,240 |
Lafayette Hill, PA PURPOSE: PROGRAM SUPPORT | $19,099 |
Lafayette Hill, PA PURPOSE: PROGRAM SUPPORT | $12,504 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Merakey Foundation has recieved totaling $13,343.
| Awarding Organization | Amount |
|---|---|
Child Health Association Of Sewickley Inc Sewickley, PA PURPOSE: GENERAL SUPPORT | $10,000 |
Tzedakah Foundation Ardmore, PA PURPOSE: FOR GENERAL SUPPORT OF CHARITABLE PURPOSES | $1,000 |
Price Choppers Golub Foundation Schenectady, NY PURPOSE: GENERAL SUPPORT/CAPITAL CAMPAIGN | $1,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $593 |
Edward B Dunlap Jr Foundation Canonsburg, PA PURPOSE: N/A | $500 |
Erlbaum Family Foundation Ardmore, PA PURPOSE: GENERAL CHARITABLE PURPOSES | $250 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Cgfns International Inc Philadelphia, PA | $30,792,316 | $24,149,572 |
North Shore-Lij Radiology Services P C Westbury, NY | $6,438,473 | $17,406,935 |
New Vision Medical Laboratories Inc Lima, OH | $1,846,995 | $17,074,145 |
Union Health Center Inc New York, NY | $18,690,918 | $15,923,798 |
Tja Orthopedic Surgery Pc New York, NY | $0 | $10,713,113 |
Nemours New Jersey Physician Practice Pc Wilmington, DE | $966,995 | $7,669,887 |
Ahivim Inc Monroe, NY | $8,974,297 | $15,675,686 |
Commons Project Foundation New York, NY | $8,135,493 | $3,726,619 |
Providence Care Center Sandusky, OH | $35,231,908 | $13,828,823 |
Medwish International Cleveland, OH | $7,728,911 | $13,244,556 |
Western New York Clinical Information Exchange Inc Depew, NY | $10,718,220 | $12,539,818 |
Healthcare Information Xchange Of New York Inc Albany, NY | $11,686,996 | $9,602,104 |