Sam & Bertha Merritt Memorial Trust 60758740
- Assets
- $2.9m
- Revenue
- $169.8k
- Investments
- $2.9m
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 10/1965
- Data as of
- 12/2022
- EIN
- 23-7035116
Organization Overview
Sam & Bertha Merritt Memorial Trust 60758740 is located in Milwaukee, WI. The organization was established in 1965. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Sam & Bertha Merritt Memorial Trust 60758740 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, Sam & Bertha Merritt Memorial Trust 60758740 generated $169.8k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.9%) each year. All expenses for the organization totaled $235.1k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Sam & Bertha Merritt Memorial Trust 60758740 has awarded 12 individual grants totaling $971,116. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $84,214 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $85,598 |
| Capital Gain Net Income | $85,598 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $22 |
| Total Revenue | $169,834 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $43,530 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $7,823 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $52,853 |
| Contributions, gifts, grants paid | $182,292 |
| Total expenses and disbursements | $235,145 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $318 |
| Savings and temporary cash investments | $6,899 |
| 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 | $2,487,424 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $2,239 |
| Total assets | $2,923,157 |
| 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, Sam & Bertha Merritt Memorial Trust 60758740 has awarded $182,292 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
FIRST PRESBYTERIAN CHURCH PURPOSE: GENERAL OPERATING | $91,146 |
BISMARCK STATE COLLEGE FOUNDATION PURPOSE: SCHOLARSHIPS | $91,146 |