Merrick Foundation Inc
- Assets
- $17.4m
- Revenue
- $2.0m
- Investments
- $0.0
- Employees
- 3
- Location
- Central City, NE
- Founding
- 09/1961
- Data as of
- 10/2023
- 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 10/2023, Merrick Foundation Inc employed 3 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 10/2023, Merrick Foundation Inc generated $2.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $943.5k during the year ending 10/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Merrick Foundation Inc has awarded 167 individual grants totaling $4,984,793. 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
2023
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 |
|---|---|---|---|
Courtney Retzlaff Executive Di | Officer | 40 | $64,164 |
Crissy Bader Member | Trustee | 1 | $0 |
Tyson Benner Member | Trustee | 1 | $0 |
Larry Benson Vice Preside | OfficerTrustee | 1 | $0 |
Leah Brown Treasurer | OfficerTrustee | 1 | $0 |
Morgan Clarke 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 | $367,160 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $367,160 |
| Total Program Service Revenue | $39,221 |
| Investment income | $306,027 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,134,505 |
| Net Income from Fundraising Events | $37,638 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,956,463 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $418,999 |
| Grants and other assistance to domestic individuals. | $132,650 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $64,164 |
| Compensation of current officers, directors, key employees. | $64,164 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $65,974 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $19,894 |
| Payroll taxes | $8,269 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,453 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $28,730 |
| Fees for services: Other | $0 |
| Advertising and promotion | $13,697 |
| Office expenses | $1,901 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $10,639 |
| Travel | $218 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $1,818 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $18,879 |
| Insurance | $8,646 |
| All other expenses | $1,892 |
| Total functional expenses | $943,531 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $146,337 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $310 |
| 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 | $3,975 |
| Net Land, buildings, and equipment | $552,645 |
| Investments—publicly traded securities | $16,638,486 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $10,485 |
| Total assets | $17,352,238 |
| Accounts payable and accrued expenses | $29,230 |
| Grants payable | $219,934 |
| 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 | $2,349,080 |
| Total liabilities | $2,598,244 |
| Net assets without donor restrictions | $2,482,426 |
| Net assets with donor restrictions | $12,271,568 |
| 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 | $17,352,238 |
Grants Awarded
Over the last fiscal year, Merrick Foundation Inc has awarded $310,646 in support to 13 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN LEGION POST 6 PURPOSE: NEW HVAC UNIT | $10,000 |
CENTRAL CITY PUBLIC SCHOOLS PURPOSE: DOME CONSTRUCTION | $53,667 |
CENTRAL CITY PUBLIC SCHOOLS PURPOSE: PERFORMING ARTS CTR | $76,499 |
CENTRAL NEBRASKA COMMUNITY ACTIONPARTNERSHIP PURPOSE: OPERATIONS SUPPORT | $5,450 |
LONE TREE LITERARY SOCIETY PURPOSE: OPERATIONS | $6,680 |
MERRICK MEDICAL CENTER FOUNDATION PURPOSE: NEW HOSPITAL | $15,000 |