France-Merrick Foundation Inc
- Assets
- $213.0m
- Revenue
- $426.6k
- Investments
- $208.9m
- Employees
- 0
- Location
- Baltimore, MD
- Founding
- 06/1967
- Data as of
- 06/2023
- EIN
- 52-6072964
Organization Overview
France-Merrick Foundation Inc is located in Baltimore, MD. The organization was established in 1967. 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. France-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 06/2023, France-Merrick Foundation Inc generated $426.6k 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 (52.8%) each year. All expenses for the organization totaled $12.3m during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, France-Merrick Foundation Inc has awarded 1,090 individual grants totaling $59,256,728. 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
THE ORGANIZATION PROVIDES GRANTS AND CONTRIBUTIONS TO OTHER 501(C)(3) ORGANIZATIONS
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Amy Gross President | 40 | $296,187 | |
Robert M Pinkard Secretary | 1 | $15,500 | |
Walter D Pinkard Chair | 1 | $17,000 | |
Robert G Merrick III Vice-Chair | 1 | $17,000 | |
Gregory C Pinkard Treasurer | 1 | $11,000 | |
Rosanne Difonzo Assistant Secretary | 32 | $106,269 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,887,494 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$4,460,884 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $426,610 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $402,455 |
| Other employee salaries and wages | $535,863 |
| Pension plans, employee benefits | $113,884 |
| Interest | $0 |
| Taxes | $107,378 |
| Depreciation | $5,576 |
| Occupancy | $86,708 |
| Travel, conferences, and meetings | $7,650 |
| Printing and publications | $0 |
| Other expenses | $231,986 |
| Total operating and administrative expenses | $2,984,090 |
| Contributions, gifts, grants paid | $9,283,720 |
| Total expenses and disbursements | $12,267,810 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,999,846 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $50,000 |
| Receivables from Officers, Directors, or Controlling Persons | $0 |
| Net other notes and loans receivable | $655,640 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $27,958 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $194,119,733 |
| Net Land, buildings, and equipment | $29,799 |
| Other assets | $366,811 |
| Total assets | $212,985,637 |
| Accounts payable and accrued expenses | $54,981 |
| Grants payable | $2,061,507 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $14,434 |
| Total liabilities | $2,130,922 |
Grants Awarded
Over the last fiscal year, France-Merrick Foundation Inc has awarded $9,283,720 in support to 198 organizations.
| Grant Recipient | Amount |
|---|---|
AMERICAN CANCER SOCIETY PURPOSE: GRANTS ARE TO BE USED IN ACCORDANCE WITH THE ESTABLISHED PURPOSE OF THE RECIPIENT ORGANIZATION. | $50,000 |
AMERICAN VISIONARY ART MUSEUM PURPOSE: GRANTS ARE TO BE USED IN ACCORDANCE WITH THE ESTABLISHED PURPOSE OF THE RECIPIENT ORGANIZATION. | $500,000 |
ADDICTION HEALING CENTER AT THE WESTMINSTER RESCUE MISSION PURPOSE: GRANTS ARE TO BE USED IN ACCORDANCE WITH THE ESTABLISHED PURPOSE OF THE RECIPIENT ORGANIZATION. | $10,000 |
APPALACHIAN MOUNTAIN CLUB PURPOSE: GRANTS ARE TO BE USED IN ACCORDANCE WITH THE ESTABLISHED PURPOSE OF THE RECIPIENT ORGANIZATION. | $25,254 |
ALLIED EXTRACT FOR BIRD OF LIGHT PURPOSE: GRANTS ARE TO BE USED IN ACCORDANCE WITH THE ESTABLISHED PURPOSE OF THE RECIPIENT ORGANIZATION. | $1,000 |
ARTS EVERY DAY PURPOSE: GRANTS ARE TO BE USED IN ACCORDANCE WITH THE ESTABLISHED PURPOSE OF THE RECIPIENT ORGANIZATION. | $50,000 |