Merrick Foundation Inc
- Assets
- $20.5m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 4
- Location
- Central City, NE
- Founding
- 09/1961
- Data as of
- 10/2021
- EIN
- 47-6024770
Organization Overview
Merrick Foundation Inc is located in Central City, NE. The organization was established in 1961. According to its NTEE Classification (T70) the organization is classified as: Federated Giving Programs, under the broad grouping of Philanthropy, Voluntarism & Grantmaking Foundations and related organizations. As of 10/2021, Merrick Foundation Inc employed 4 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merrick Foundation Inc 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 10/2021, Merrick Foundation Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 8.0% each year. All expenses for the organization totaled $1.1m during the year ending 10/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Merrick Foundation Inc has awarded 138 individual grants totaling $4,156,483. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE THE QUALITY OF LIFE IN MERRICK COUNTY BY DIRECTING CHARITABLE FUNDS TO ACHIEVE MAXIMUM BENEFITS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
INDIVIDUALS, GROUPS, AND COMMUNITIES IN MERRICK COUNTY, NEBRASKA, MAKE APPLICATIONS TO THE FOUNDATION FOR GRANTS, AWARDS, AND SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Shauna Graham Executive Di | Officer | 40 | $80,325 |
Deb Beck Vice Preside | OfficerTrustee | 1 | $0 |
Leah Brown Treasurer | OfficerTrustee | 1 | $0 |
Tom Wagner Secretary | OfficerTrustee | 1 | $0 |
Kristin Hermansen-Ryan President | OfficerTrustee | 1 | $0 |
Larry Benson Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $742,078 |
| Noncash contributions included in lines 1a–1f | $2,302 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $742,078 |
| Total Program Service Revenue | $43,274 |
| Investment income | $256,452 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $817,198 |
| Net Income from Fundraising Events | $89,779 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,049,007 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $642,045 |
| Grants and other assistance to domestic individuals. | $155,594 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $80,325 |
| Compensation of current officers, directors, key employees. | $80,325 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $78,011 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $23,143 |
| Payroll taxes | $10,839 |
| Fees for services: Management | $31,501 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $9,351 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,000 |
| Advertising and promotion | $17,372 |
| Office expenses | $1,681 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $13,302 |
| Travel | $123 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,188 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $35,901 |
| Insurance | $9,707 |
| All other expenses | $454 |
| Total functional expenses | $1,143,327 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $261,112 |
| Pledges and grants receivable | $19,531 |
| Accounts receivable, net | $28,392 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,067 |
| Net Land, buildings, and equipment | $865,369 |
| Investments—publicly traded securities | $19,309,612 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,241 |
| Total assets | $20,490,324 |
| Accounts payable and accrued expenses | $38,333 |
| Grants payable | $179,811 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,275,315 |
| Total liabilities | $3,493,459 |
| Net assets without donor restrictions | $3,165,575 |
| Net assets with donor restrictions | $13,831,290 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $20,490,324 |
Grants Awarded
Over the last fiscal year, Merrick Foundation Inc has awarded $249,183 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
CENTRAL CITY PUBLIC SCHOOLS PURPOSE: CAPITAL ACQUISITION | $70,270 |
Chapman, NE PURPOSE: OPERATING | $58,000 |
CENTRAL CITY PUBLIC SCHOOLS PURPOSE: PERFORMING ARTS CNTR | $56,928 |
CENTRAL CITY SPORTSMEN'S CLUB PURPOSE: LAND AQUISITION | $14,398 |
Central City, NE PURPOSE: HOUSE ROOF REPLACE | $12,125 |
Central City, NE PURPOSE: BASE FOR MURAL | $12,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Merrick Foundation Inc has recieved totaling $183.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $183 |
Endowment Analysis
| Beg. Balance | $11,335,998 |
| Earnings | $2,351,700 |
| Admin Expense | $207,500 |
| Net Contributions | $298,421 |
| Other Expense | $462,039 |
| Ending Balance | $13,316,580 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Jewish Federation Of St Louis St Louis, MO | $156,968,183 | $19,475,995 |
United Way Of The Plains Wichita, KS | $26,271,888 | $15,996,345 |
Sioux Empire United Way Inc Sioux Falls, SD | $14,046,411 | $8,857,048 |
United Way Of Lincoln And Lancaster County Lincoln, NE | $10,176,018 | $7,783,651 |
Ten Talents Foundation St Louis, MO | $138,781,334 | $2,527,565 |
United Way Of East Central Iowa Cedar Rapids, IA | $18,620,645 | $6,956,778 |
Jewish Federation Of Greater Kansas City Overland Park, KS | $33,290,589 | $6,944,179 |
United Way Of Larimer County Inc Fort Collins, CO | $7,692,443 | $6,500,342 |
United Way Quad Cities Bettendorf, IA | $12,852,824 | $6,411,474 |
United Way Of Weld County Inc Greeley, CO | $5,895,187 | $7,008,653 |
Midamerican Energy Foundation Des Moines, IA | $31,627,129 | $16,741,976 |
United Way Of The Ozarks Springfield, MO | $2,807,517 | $5,788,622 |