Merriman Foundation
- Assets
- $2.3m
- Revenue
- $1.4m
- Investments
- $2.2m
- Employees
- 0
- Location
- Washington, DC
- Founding
- 09/1971
- Data as of
- 12/2022
- EIN
- 23-7113720
Organization Overview
Merriman Foundation is located in Washington, DC. The organization was established in 1971. According to its NTEE Classification (T20) the organization is classified as: Private Grantmaking 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. Merriman 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, Merriman Foundation generated $1.4m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 20.1% each year . All expenses for the organization totaled $5.8m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Merriman Foundation has awarded 265 individual grants totaling $26,582,593. 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
2022
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 |
|---|---|---|---|
Michael A Merriman President/treasurer | 0 | $0 | |
Marybeth M Sotos Vice President/secretary | 0 | $0 | |
Edward L Merriman Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $15,179 |
| Interest on Savings | $10,742 |
| Dividends & Interest | $470,885 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $931,322 |
| Capital Gain Net Income | $931,322 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,428,128 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $240 |
| Taxes | $93,703 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,493 |
| Total operating and administrative expenses | $100,436 |
| Contributions, gifts, grants paid | $5,684,018 |
| Total expenses and disbursements | $5,784,454 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $134,496 |
| 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 | $2,341,016 |
| 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 | $600,000 |
| Other liabilities | $0 |
| Total liabilities | $600,000 |
Grants Awarded
Over the last fiscal year, Merriman Foundation has awarded $5,684,018 in support to 33 organizations.
| Grant Recipient | Amount |
|---|---|
AL RINGLING THEATER FRIENDS INC PURPOSE: CHARITABLE | $5,000 |
AMERICAN RED CROSS PURPOSE: CHARITABLE | $10,000 |
BOY SCOUTS OF AMERICA - HEART OF AMERICA COUNCIL PURPOSE: CHARITABLE | $1,779,068 |
BOTAR PURPOSE: CHARITABLE | $5,000 |
HOSPICE FOUNDATIN OF PALM BEACH COUNTY PURPOSE: CHARITABLE | $10,000 |
KAPPA KAPPA HOLIDAY HOUSE TOUR PURPOSE: CHARTIABLE | $2,500 |