Merjent Foundation
- Assets
- $73.1k
- Revenue
- $80.8k
- Investments
- $0.0
- Employees
- 0
- Location
- Minneapolis, MN
- Founding
- 10/2018
- Data as of
- 12/2022
- EIN
- 83-1623599
Organization Overview
Merjent Foundation is located in Minneapolis, MN. The organization was established in 2018. According to its NTEE Classification (T21) the organization is classified as: Corporate 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. Merjent Foundation 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 12/2022, Merjent Foundation generated $80.8k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 14.6% each year . All expenses for the organization totaled $52.8k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sara Romdenne Treasurer | 0.25 | $0 | |
Melissa Dellwo President | 0.25 | $0 | |
Kari Krause Secretary | 0.25 | $0 | |
Bill Harding Board Member | 0.25 | $0 | |
Mike Madsen Board Member | 0.25 | $0 | |
Christina Prezler Board Member | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $80,750 |
| Interest on Savings | $0 |
| Dividends & Interest | $0 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $0 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $80,750 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $25 |
| Total operating and administrative expenses | $1,225 |
| Contributions, gifts, grants paid | $51,550 |
| Total expenses and disbursements | $52,775 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $73,085 |
| Savings and temporary cash investments | $0 |
| 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 | $0 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $73,085 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Merjent Foundation has awarded $51,550 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
2022 - 3 SCHOLARSHIPS - UMTC PURPOSE: CHARITABLE CONTRIBUTION | $8,500 |
AVIVO PURPOSE: CHARITABLE CONTRIBUTION | $5,000 |
NATIVE AMERICAN HERITAGE ASSOC PURPOSE: CHARITABLE CONTRIBUTION | $2,500 |
PARTNERS FOR HOUSING MANKATO PURPOSE: CHARITABLE CONTRIBUTION | $2,500 |
SAFE HOUSE DENVER PURPOSE: CHARITABLE CONTRIBUTION | $2,500 |
ANIMAL HUMANE SOCIETY PURPOSE: CHARITABLE CONTRIBUTION | $50 |