Merkley Charitable Trust
- Assets
- $3.7m
- Revenue
- $441.7k
- Investments
- $3.1m
- Employees
- 0
- Location
- Columbus, OH
- Founding
- 03/1993
- Data as of
- 11/2023
- EIN
- 38-6528749
Organization Overview
Merkley Charitable Trust is located in Columbus, OH. The organization was established in 1993. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Merkley Charitable Trust 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 11/2023, Merkley Charitable Trust generated $441.7k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 31.4% each year . All expenses for the organization totaled $270.5k during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Merkley Charitable Trust has awarded 76 individual grants totaling $842,588. 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
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $131,680 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $309,991 |
| Capital Gain Net Income | $309,991 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $441,671 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $59,738 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,245 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $63,233 |
| Contributions, gifts, grants paid | $207,272 |
| Total expenses and disbursements | $270,505 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | -$1,885 |
| Savings and temporary cash investments | $653,646 |
| 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 | $3,730,995 |
| 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, Merkley Charitable Trust has awarded $207,272 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
COMMUNITIES FIRST INC PURPOSE: GENERAL OPERATING | $2,500 |
SHELTER OF FLINT INC PURPOSE: GENERAL OPERATING | $1,000 |
BIG BROTHERSBIG SISTERS OF GREATER PURPOSE: GENERAL OPERATING | $5,000 |
FLINT INSTITUTE OF ARTS PURPOSE: GENERAL OPERATING | $5,000 |
GENESYS HURLEY CANCER INSTITUTE PURPOSE: GENERAL OPERATING | $5,000 |
FOOD BANK OF EASTERN MICHIGAN PURPOSE: GENERAL OPERATING | $10,000 |