The Merage Institute For The American Dream
- Assets
- $4.5m
- Revenue
- $3.1m
- Investments
- $4.2m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 03/2004
- Data as of
- 12/2021
- EIN
- 68-0529693
Organization Overview
The Merage Institute For The American Dream is located in Newport Beach, CA. The organization was established in 2004. 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. Merage Institute For The American Dream 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 12/2021, Merage Institute For The American Dream generated $3.1m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 0.8% each year. All expenses for the organization totaled $3.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Merage Institute For The American Dream has awarded 28 individual grants totaling $8,143,691. 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
2021
Describe the Organization's Program Activity:
Part 3 - Line 4a
ENTREPRENEURS' COMPETITION 45+ - THE COMPETITION IS INTENDED TO ENCOURAGE AND SUPPORT ENTREPRENEURS OVER THE AGE OF 45 TO DEVELOP UNIQUE IDEAS/PROJECTS/VENTURES/TECHNOLOGIES INTO THE PROMISING SUCCESSFUL BUSINESS.
HOMELAND SECURITY - THE LEADERSHIP PROGRAM FOR HLS EXECUTIVES IS FOCUSED ON ENHANCING COMPANY'S ABILITY TO OPERATE IN THE UNITED STATES AND TO SUCCEED IN THE GLOBAL MARKETPLACE. THE PROGRAM IS TARGETED TOWARDS ISRAELI STARTUP COMPANIES' HLS-RELATED INDUSTRIES INCLUDING TRAFFIC AND ARMS CONTROL, BORDER SECURITY, PERSONAL SAFETY, CYBER PROTECTION, LAW ENFORCEMENT OFFICERS TRAINING EQUIPMENT, AIR AND ENVIRONMENT SAFETY AND CONTROL, COMMAND AND CONTROL SYSTEMS, SURVEILLANCE SYSTEMS, PROTECTIVE EQUIPMENT, MILITARY ELECTRONICS, ANTI-TERROR SYSTEMS, NON-LETHAL WEAPONS FIRE CONTROL, ENERGY STORAGE SYSTEMS RANGE FINDERS AND OPTICAL EQUIPMENT.
MERAGE TALKS - MISSION IS TO ENCOURAGE, SUPPORT AND MENTOR ENTREPRENEURS ACROSS THE WORLD FACING PERSONAL AND PROFESSIONAL CHALLENGES IN TODAY'S FRAGILE GLOBAL ECONOMY. MERAGE TALKS CARES ABOUT TODAY'S ENTREPRENEUR AND STRIVES TO UNDERSTAND THEIR OBSTACLES VIA DISCUSSION LEADING TO RESOLUTIONS ONE MERAGE TALK AT A TIME. WEEKLY WEBINARS AND INTERACTIVE DISCUSSION GROUPS ARE HELD GLOBALLY TO CREATE CONNECTIONS WITHIN OUR COMMUNITIES AND BEYOND TO SUPPORT THE ENTREPRENEURIAL SPIRIT WITH EXPERIENCE, IDEAS, AND KNOWLEDGE TO KEEP THIS SPIRIT THRIVING IN ANY MARKET.
THE MERAGE-INTERDISCIPLINARY CENTER OF INNOVATION AND ENTREPRENEURSHIP COMPETITION - A ONCE-A-YEAR EVENT THAT IS OPEN TO ALL UNIVERSITIES IN ISRAEL. THE COMPETITION AIMS TO CULTIVATE ENTREPRENEURSHIP, ENHANCE BUSINESS SKILLS, AND INSPIRE PASSION FOR INNOVATION AMONGST ISRAELI UNIVERSITY STUDENTS. UNIVERSITY STUDENTS ORGANIZE IN TEAMS AND ARE PROVIDED WITH ALUMNI MENTORS FROM THE UNIVERSITY OF CALIFORNIA, IRVINE PAUL MERAGE SCHOOL OF BUSINESS. THE COMPETITION INVOLVES STUDENTS PRESENTING THEIR BUSINESS IDEAS TO A PANEL OF JUDGES. PRIZES AND SCHOLARSHIPS ARE AWARDED TO TOP PERFORMING TEAMS AND STUDENTS; INCLUDING AN INVITATION FOR QUALIFIED STUDENTS TO PARTICIPATE IN THE MERAGE INSTITUTE PROGRAM IN THE UNITED STATES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Paul Merage Pres/director | 0 | $0 | |
Richard Merage Director | 0 | $0 | |
Lauren Merage Director | 0 | $0 | |
Michelle Janavs Director | 0 | $0 | |
Elisabeth Merage Secr/treas/dir | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Imran S Currim | 12/30/19 | $71,945 |
Eric Spangenberg | 12/30/19 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,715,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $157,772 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $194,762 |
| Capital Gain Net Income | $194,762 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,067,534 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $514,350 |
| Pension plans, employee benefits | $37,192 |
| Interest | $0 |
| Taxes | $54 |
| Depreciation | $2,600 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $2,591 |
| Printing and publications | $0 |
| Other expenses | $566,108 |
| Total operating and administrative expenses | $1,201,547 |
| Contributions, gifts, grants paid | $2,190,000 |
| Total expenses and disbursements | $3,391,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $277,736 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $14,126 |
| 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 | $4,245,049 |
| Net Land, buildings, and equipment | $9,462 |
| Other assets | $0 |
| Total assets | $4,546,373 |
| Accounts payable and accrued expenses | $424,120 |
| 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 | $424,120 |
Grants Awarded
Over the last fiscal year, The Merage Institute For The American Dream has awarded $2,190,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ORANGE COUNTY COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING | $2,040,000 |
Rochester, MN PURPOSE: GENERAL OPERATING | $150,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that The Merage Institute For The American Dream has recieved totaling $510,000.
| Awarding Organization | Amount |
|---|---|
Orange County Community Foundation Newport Beach, CA PURPOSE: COMMUNITY IMPROVEMENT AND DEVELOPMENT | $510,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The 1440 Foundation Saratoga, CA | $206,653,487 | $19,808,457 |
Merkin Family Foundation Marina Del Rey, CA | $241,752,328 | $31,870,945 |
Hopper-Dean Foundation Menlo Park, CA | $45,438,431 | $29,723,797 |
Troesh Family Foundation Henderson, NV | $90,271,272 | $18,993,634 |
Bia Echo Foundation Reno, NV | $26,357,504 | $25,798,977 |
Connie And Bob Lurie Foundation Inc Redwood City, CA | $112,597,495 | $25,457,180 |
Kennys Kids Sedona, AZ | $0 | $509,065 |
Meadowview Foundation San Rafael, CA | $189,484,174 | $15,305,967 |
Pwb Foundation San Francisco, CA | $347,304,916 | $12,423,770 |
Jeffrey Carlton Charitable Foundation Udt Dated April 10 2009 Villa Park, CA | $0 | $7,778,728 |
Autodesk Foundation San Francisco, CA | $47,337 | $16,300,000 |
Priem Family Foundation Burlingame, CA | $0 | -$4,034,198 |