Henry And Louise Mermelstein Charitable Foundation

Organization Overview

Henry And Louise Mermelstein Charitable Foundation is located in Lincolnwood, IL. The organization was established in 1986. 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. Henry And Louise Mermelstein Charitable 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 06/2022, Henry And Louise Mermelstein Charitable Foundation generated $2.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 38.0% each year . All expenses for the organization totaled $1.8m during the year ending 06/2022. While expenses have increased by 47.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990PF Filing

TAX YEAR

2022

Describe the Organization's Program Activity:

Part 3 - Line 4a

NOT APPLICABLE


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Financial Statements

Statement of Revenue
Contributions, Gifts, Grants & Similar $1,887,389
Interest on Savings $0
Dividends & Interest $39,320
Net Rental Income$0
Net Gain on Sale of Assets $225,000
Capital Gain Net Income $225,000
Net ST Capital Gain $0
Income Modifications $0
Profit on Inventory Sales $0
Other Income $0
Total Revenue $2,151,709

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