Carol L Merlone Educational Foundation
- Assets
- $3.4m
- Revenue
- $697.8k
- Investments
- $3.3m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 11/2019
- Data as of
- 12/2022
- EIN
- 84-3123464
Organization Overview
Carol L Merlone Educational Foundation is located in San Francisco, CA. The organization was established in 2019. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carol L Merlone Educational 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, Carol L Merlone Educational Foundation generated $697.8k 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 (9.5%) each year. All expenses for the organization totaled $440.0k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Carol L Merlone Educational Foundation has awarded 32 individual grants totaling $865,480. 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 |
|---|---|---|---|
Kristen L Merlone President/director | 2 | $0 | |
Kathryn M Golueke Director | 5 | $12,000 | |
Juliana M Carlson Director | 0.5 | $0 | |
Gina M Marek Director | 2 | $0 | |
Joseph Merlone Director | 0.5 | $0 | |
Michael Merlone Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $504,889 |
| Interest on Savings | $0 |
| Dividends & Interest | $82,236 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $112,350 |
| Capital Gain Net Income | $558,470 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | -$1,630 |
| Total Revenue | $697,845 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $12,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,815 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $100 |
| Total operating and administrative expenses | $40,923 |
| Contributions, gifts, grants paid | $399,032 |
| Total expenses and disbursements | $439,955 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $309 |
| Savings and temporary cash investments | $90,000 |
| 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 | $999,142 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,404,023 |
| 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, Carol L Merlone Educational Foundation has awarded $399,032 in support to 14 organizations.
| Grant Recipient | Amount |
|---|---|
BOCCONI UNIVERSITY PURPOSE: SCHOLARSHIP FUND | $5,000 |
BOSTON COLLEGE PURPOSE: SCHOLARSHIP FUND | $15,000 |
DUKE UNIVERSITY PURPOSE: SCHOLARSHIP FUND | $5,000 |
GEORGETOWN UNIVERSITY PURPOSE: SCHOLARSHIP FUND | $15,000 |
CAMPOLINDO HIGH SCHOOL PURPOSE: SCHOLARSHIP FUND | $25,000 |
SIGMA NU ALUMNI SCHOLARSHIP FUND PURPOSE: SCHOLARSHIP FUND | $185,700 |