Mertie & Harley Stevens Memorial Fund
- Assets
- $881.3k
- Revenue
- $36.1k
- Investments
- $835.9k
- Employees
- 0
- Location
- Milwaukee, WI
- Founding
- 04/1971
- Data as of
- 06/2023
- EIN
- 93-6053655
Organization Overview
Mertie & Harley Stevens Memorial Fund is located in Milwaukee, WI. The organization was established in 1971. 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. Mertie & Harley Stevens Memorial Fund 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, Mertie & Harley Stevens Memorial Fund generated $36.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 5.9% each year. All expenses for the organization totaled $85.4k during the year ending 06/2023. While expenses have increased by 1.5% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Mertie & Harley Stevens Memorial Fund has awarded 32 individual grants totaling $423,236. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $22,801 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $13,287 |
| Capital Gain Net Income | $13,287 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $28 |
| Total Revenue | $36,116 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $15,133 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,261 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $7,006 |
| Total operating and administrative expenses | $25,900 |
| Contributions, gifts, grants paid | $59,467 |
| Total expenses and disbursements | $85,367 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $44,646 |
| Savings and temporary cash investments | $727 |
| 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 | $835,940 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $881,313 |
| 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, Mertie & Harley Stevens Memorial Fund has awarded $59,467 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
OREGON STUDENT ASSISTANCE COMMISSION PURPOSE: SCHOLARSHIPS | $57,417 |
ATKINSON MEMORIAL CONG CHURCH PURPOSE: GENERAL OPERATING | $50 |
MISSION SOCIETY PURPOSE: GENERAL OPERATING | $1,000 |
TUCKER MAXON SCHOOL PURPOSE: GENERAL OPERATING | $1,000 |