Mervis Family Foundation
- Assets
- $995.1k
- Revenue
- $209.5k
- Investments
- $825.3k
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 11/1994
- Data as of
- 12/2021
- EIN
- 35-1921800
Organization Overview
Mervis Family Foundation is located in Carmel, IN. The organization was established in 1994. 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. Mervis 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 12/2021, Mervis Family Foundation generated $209.5k 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 (4.4%) each year. All expenses for the organization totaled $191.0k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (23.1%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mervis Family Foundation has awarded 14 individual grants totaling $590,565. 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.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Mervis President | 0 | $0 | |
Audra Mervis Director | 0 | $0 | |
Sybil S Mervis Secretary | 0 | $0 | |
Joseph Mervis Director | 0 | $0 | |
Isaac Mervis Vice President | 0 | $0 | |
Zoe Mervis Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $104,200 |
| Interest on Savings | $23 |
| Dividends & Interest | $29,049 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $76,246 |
| Capital Gain Net Income | $76,246 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $209,518 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,359 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $44 |
| Printing and publications | $0 |
| Other expenses | $3,925 |
| Total operating and administrative expenses | $15,869 |
| Contributions, gifts, grants paid | $175,099 |
| Total expenses and disbursements | $190,968 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $169,775 |
| 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 | $995,088 |
| 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, Mervis Family Foundation has awarded $175,099 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
JEWISH ORGANIZATIONS - PURPOSE: JEWISH CAUSES | $67,755 |
EDUCATIONAL ORGANIZATIONS - PURPOSE: EDUCATIONAL CAUSES | $65,934 |
CIVIC ORGANIZATIONS - PURPOSE: CIVIC CAUSES | $40,473 |
MEDICAL ORGANIZATIONS - PURPOSE: MEDICAL RESEARCH/SUPPORT | $937 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Mervis Family Foundation has recieved totaling $5,000.
| Awarding Organization | Amount |
|---|---|
Eugene And Marilyn Glick Foundation Corporation Indianapolis, IN PURPOSE: SUPPORT PROGRAM | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lumina Foundation For Education Inc Indianapolis, IN | $0 | $124,727,424 |
Fulk Family Foundation Inc Chicago, IL | $111,507,856 | $5,187,231 |
The Robert D And Patricia E Kern Family Foundation Inc Waukesha, WI | $717,991,169 | $43,480,423 |
Grainger Foundation Inc Lake Forest, IL | $184,158,239 | $17,016,007 |
Crawford Taylor Foundation St Louis, MO | $738,101,888 | $69,635,068 |
Zell Family Foundation Chicago, IL | $0 | $76,843,080 |
Enterprise Holdings Foundation Saint Louis, MO | $398,583,830 | $68,157,541 |
Abbvie Foundation North Chicago, IL | $72,211,109 | $4,010,058 |
Hall Family Foundation Kansas City, MO | $1,171,646,854 | $87,869,006 |
Caterpillar Foundation Peoria, IL | $93,606,659 | $54,411,827 |
Circle Of Service Foundation Chicago, IL | $697,372,085 | $55,153,209 |
Allstate Foundation Northbrook, IL | $112,475,932 | $31,277,614 |