Catherin V Merrill Foundation
- Assets
- $14.9m
- Revenue
- $996.8k
- Investments
- $859.4k
- Employees
- 0
- Location
- Kansas City, MO
- Founding
- 03/1995
- Data as of
- 12/2021
- EIN
- 23-7066845
Organization Overview
Catherin V Merrill Foundation is located in Kansas City, MO. The organization was established in 1995. According to its NTEE Classification (B82) the organization is classified as: Scholarships & Student Financial Aid, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Catherin V Merrill 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, Catherin V Merrill Foundation generated $996.8k 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 (3.8%) each year. All expenses for the organization totaled $723.9k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2019, Catherin V Merrill Foundation has awarded 41 individual grants totaling $1,909,500. 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
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
H Elvin Knight Trustee | 10 | $0 | |
Christine Demarea Trustee | 10 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,788 |
| Dividends & Interest | $62,972 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $158,777 |
| Capital Gain Net Income | $158,777 |
| Net ST Capital Gain | $28,988 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $770,257 |
| Total Revenue | $996,794 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,524 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $69,916 |
| Contributions, gifts, grants paid | $654,000 |
| Total expenses and disbursements | $723,916 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $332,393 |
| Savings and temporary cash investments | $150,717 |
| 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 | $13,519,228 |
| Total assets | $14,861,740 |
| 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, Catherin V Merrill Foundation has awarded $654,000 in support to 16 organizations.
| Grant Recipient | Amount |
|---|---|
BISHOP SULLIVAN CENTER SEMINARIAN FUND PURPOSE: CHARITABLE USES OF THE ORGANIZATION | $150,000 |
Atchison, KS PURPOSE: CHARITABLE USES OF THE ORGANIZATION | $100,000 |
ROCKHURST UNIVERSITY SCHOLARSHIP PURPOSE: CHARITABLE USES OF THE ORGANIZATION | $100,000 |
Kansas City, MO PURPOSE: CHARITABLE USES OF THE ORGANIZATION | $75,000 |
AVILA COLLEGE PURPOSE: CHARITABLE USES OF THE ORGANIZATION | $60,000 |
ST PETERS SOCIAL SERVICES PURPOSE: CHARITABLE USES OF THE ORGANIZATION | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Equity Fund Inc Chicago, IL | $118,912,735 | $59,533,345 |
Education Loan Finance Inc Knoxville, TN | $2,281,627,256 | $227,234,757 |
Iowa Student Loan Liquidity Corp West Des Moines, IA | $1,230,053,718 | $45,688,659 |
Noble Research Institute Llc Ardmore, OK | $149,630,598 | $47,833,341 |
National Merit Scholarship Corporation Evanston, IL | $183,825,978 | $50,191,294 |
Evans Scholars Foundation Glenview, IL | $101,873,087 | $62,566,812 |
Folds Of Honor Foundation Owasso, OK | $73,033,715 | $51,158,137 |
Wichita Center For Graduate Medical Education Inc Wichita, KS | $5,382,351 | $22,892,628 |
Nebraska Student Loan Program Inc Lincoln, NE | $230,624,169 | $45,453,979 |
Hca Healthcare Foundation Nashville, TN | $97,582,102 | $44,453,527 |
Future Leaders Of Americafoundation Inc Chicago, IL | $0 | $13,517,008 |
Kansas City Scholars Inc Kansas City, MO | $5,810,030 | $12,156,402 |