The Louise Merage Family Foundation is located in Newport Beach, CA. The organization was established in 2003. 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. Louise Merage Family 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, Louise Merage Family Foundation generated $697.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (35.1%) each year. All expenses for the organization totaled $214.2k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Louise Merage Family Foundation has awarded 120 individual grants totaling $1,880,113. 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.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Louise Merage Pres/director | 1 | $0 | |
Paul Merage Sec/treas/dir | 0 | $0 | |
Gregory Merage Vice President | 0 | $0 | |
Jeff Merage Vice President | 0 | $0 |
Statement of Revenue | |
---|---|
Contributions, Gifts, Grants & Similar | $0 |
Interest on Savings | $52 |
Dividends & Interest | $648 |
Net Rental Income | $0 |
Net Gain on Sale of Assets | -$3 |
Capital Gain Net Income | $0 |
Net ST Capital Gain | $0 |
Income Modifications | $0 |
Profit on Inventory Sales | $0 |
Other Income | $0 |
Total Revenue | $697 |
Statement of Expenses | |
---|---|
Compensation of officers, directors, trustees, etc | $0 |
Other employee salaries and wages | $0 |
Pension plans, employee benefits | $0 |
Interest | $0 |
Taxes | $4,000 |
Depreciation | $0 |
Occupancy | $0 |
Travel, conferences, and meetings | $0 |
Printing and publications | $0 |
Other expenses | $1,174 |
Total operating and administrative expenses | $13,565 |
Contributions, gifts, grants paid | $200,654 |
Total expenses and disbursements | $214,219 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | -$3,763 |
Savings and temporary cash investments | $11,308 |
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 | $3,385,814 |
Net Land, buildings, and equipment | $0 |
Other assets | $0 |
Total assets | $3,393,359 |
Accounts payable and accrued expenses | $25 |
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 | $25 |
Over the last fiscal year, The Louise Merage Family Foundation has awarded $200,654 in support to 4 organizations.
Grant Recipient | Amount |
---|---|
CEDARS-SINAI PURPOSE: GENERAL OPERATIONS | $12,000 |
ORANGE COUNTY COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATIONS | $110,000 |
PACIFIC SYMPHONY PURPOSE: GENERAL OPERATIONS | $60,400 |
SEGERSTROM CENTER FOR THE ARTS PURPOSE: ANGELS OF THE ARTS | $18,254 |