The Merancas Foundation Inc
- Assets
- $155.1m
- Revenue
- -$6.5m
- Investments
- $135.2m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 04/1990
- Data as of
- 12/2022
- EIN
- 56-1677733
Organization Overview
The Merancas Foundation Inc is located in Charlotte, NC. The organization was established in 1990. 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. Merancas 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.
Since 2015, Merancas Foundation Inc has awarded 1,156 individual grants totaling $110,325,870. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cornelis A M Mermans Treasurer | 1 | $0 | |
Johanna K Mermans Asst Secreta | 1 | $0 | |
Anthony A Mermans President | 40 | $200,000 | |
Jennifer E Mermans Secretary | 1 | $0 | |
Bryan K Mermans Director | 1 | $0 | |
Robin B Mermans Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $4,378 |
| Dividends & Interest | $313,614 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$6,838,561 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | -$6,520,569 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $210,730 |
| Pension plans, employee benefits | $76,783 |
| Interest | $0 |
| Taxes | $403,276 |
| Depreciation | $0 |
| Occupancy | $97,188 |
| Travel, conferences, and meetings | $16,997 |
| Printing and publications | $0 |
| Other expenses | $113,595 |
| Total operating and administrative expenses | $1,191,521 |
| Contributions, gifts, grants paid | $18,977,000 |
| Total expenses and disbursements | $20,168,521 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $19,757,923 |
| 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 | $51,000 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $2,024,926 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $155,053,300 |
| Accounts payable and accrued expenses | $1,300 |
| 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 | $1,300 |
Grants Awarded
Over the last fiscal year, The Merancas Foundation Inc has awarded $30,562,000 in support to 210 organizations.
| Grant Recipient | Amount |
|---|---|
ADA JENKINS CENTER PURPOSE: EDUCATION, ECONOMIC, AND CRISIS PROG | $100,000 |
100 BLACK MEN OF GREATER CHARLOTTE PURPOSE: YOUTH MENTORING PROGRAMS | $30,000 |
ADA JENKINS CENTER PURPOSE: CRISIS ASSISTANCE, FOOD, EDUCATION P | $75,000 |
ADVOCATES FOR CHILDREN OF NEW JERSE PURPOSE: EDUCATION RIGHTS PROGRAM FOR KIDS | $100,000 |
ALEXANDER YOUTH NETWORK PURPOSE: CHILDREN'S MENTAL HEALTH SERVICES | $100,000 |
ALLEGRO FOUNDATION PURPOSE: MOVEMENT EDUCATION CLASSES FOR KIDS | $50,000 |