Merz Family Foundation
- Assets
- $3.5m
- Revenue
- $450.9k
- Investments
- $3.6m
- Employees
- 0
- Location
- Delray Beach, FL
- Founding
- 06/2000
- Data as of
- 12/2022
- EIN
- 23-3023616
Organization Overview
Merz Family Foundation is located in Delray Beach, FL. 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. Merz Family 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 12/2022, Merz Family Foundation generated $450.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (7.6%) each year. All expenses for the organization totaled $389.4k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Merz Family Foundation has awarded 137 individual grants totaling $1,098,300. 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.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $294,147 |
| Interest on Savings | $0 |
| Dividends & Interest | $114,448 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $42,295 |
| Capital Gain Net Income | $42,295 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $450,890 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $520 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $43 |
| Total operating and administrative expenses | $563 |
| Contributions, gifts, grants paid | $388,800 |
| Total expenses and disbursements | $389,363 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$77,515 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $3,546,431 |
| 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, Merz Family Foundation has awarded $388,800 in support to 54 organizations.
| Grant Recipient | Amount |
|---|---|
PHILLY MUSIC FEST PURPOSE: CHARITY CONTRIBUTION | $20,000 |
QUINNIPIAC UNIVERSITY PURPOSE: CHARITY CONTRIBUTION | $8,000 |
SCHUYLKILL TOWNSHIP POLICE PURPOSE: CHARITY CONTRIBUTION | $500 |
THE RADNOR HUNT INDOOR PURPOSE: CHARITY CONTRIBUTION | $10,000 |
POTTSTOWN CLUSTER OF RELIGIOUS COMMUNITIES PURPOSE: CHARITY CONTRIBUTION | $1,000 |
THE HAVERFORD SCHOOL PURPOSE: CHARITY CONTRIBUTION | $2,000 |