George W Mergens Foundation
- Assets
- $18.5m
- Revenue
- $1.6m
- Investments
- $14.9m
- Employees
- 0
- Location
- Milton, VT
- Founding
- 05/1995
- Data as of
- 08/2022
- EIN
- 03-0345055
Organization Overview
George W Mergens Foundation is located in Milton, VT. The organization was established in 1995. According to its NTEE Classification (A60) the organization is classified as: Performing Arts, under the broad grouping of Arts, Culture & Humanities and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. George W Mergens 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 08/2022, George W Mergens Foundation generated $1.6m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (28.3%) each year. All expenses for the organization totaled $1.3m during the year ending 08/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, George W Mergens Foundation has awarded 430 individual grants totaling $5,468,854. 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
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
NONE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William H Wiltshire V-P; Director Of Operations | 32 | $150,000 | |
Paul G Mergens President & Treasurer | 40 | $135,900 | |
Rachel Mergens V-P; Director Of Finance | 30 | $62,500 | |
Lenora A Mergens Director | 5 | $0 | |
Mary E Mergens-Loughran Vice-President | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $250,000 |
| Interest on Savings | $1,092 |
| Dividends & Interest | $361,141 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $1,010,114 |
| Capital Gain Net Income | $1,010,114 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $1,622,347 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $348,400 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $40,517 |
| Interest | $0 |
| Taxes | $60,264 |
| Depreciation | $166 |
| Occupancy | $27,661 |
| Travel, conferences, and meetings | $2,298 |
| Printing and publications | $0 |
| Other expenses | -$61,955 |
| Total operating and administrative expenses | $419,291 |
| Contributions, gifts, grants paid | $836,555 |
| Total expenses and disbursements | $1,255,846 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $40,040 |
| Savings and temporary cash investments | $3,629,410 |
| 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 | $177 |
| Other assets | $0 |
| Total assets | $18,529,843 |
| 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 | $116 |
| Total liabilities | $116 |
Grants Awarded
Over the last fiscal year, George W Mergens Foundation has awarded $836,555 in support to 71 organizations.
| Grant Recipient | Amount |
|---|---|
RICE MEMORIAL HIGH SCHOOL PURPOSE: TUITIONASSISTANCE | $50,000 |
COMMUNITY SAILING CENTER PURPOSE: CAPITALCAMPAIGN | $50,000 |
BISHOP JOHN A MARSHALL SCHOOL PURPOSE: EARLY EDUCATIONPROGRAM / PLAYGROUNDRENOVATION | $40,000 |
Waterbury Center, VT PURPOSE: BUILDING CAPITALCAMPAIGN | $25,000 |
Richmond, VT PURPOSE: FARMPROGRAM | $25,000 |
St Johnsbury, VT PURPOSE: SCIENCE ANNEXCHALLENGE FUNDRAISER | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bric Arts Media Bklyn Inc Brooklyn, NY | $22,086,824 | $12,315,164 |
The Apollo Theater Foundation Inc New York, NY | $69,978,827 | $33,324,849 |
Shen Yun Performing Arts Inc Cuddebackville, NY | $196,627,077 | $30,836,971 |
Foundation For Contemporary Arts Inc New York, NY | $44,020,214 | $7,582,108 |
National Comedy Center Operator Inc Jamestown, NY | $24,581,570 | $2,926,105 |
World Trade Center Performing Arts Center Inc New York, NY | $505,865,812 | $148,493,145 |
Rosies Theater Kids Inc New York, NY | $7,813,636 | $2,330,340 |
Patchogue Village Center For The Performing Arts Inc Patchogue, NY | $1,959,065 | $2,916,141 |
Young Audiences Inc New York, NY | $8,115,904 | $1,935,453 |
Roulette Intermedium Inc Brooklyn, NY | $2,527,656 | $2,724,059 |
Chashama Inc New York, NY | $1,226,837 | $1,928,554 |
Riviera Theatre & Organ Preservation Society Inc North Tonawanda, NY | $4,686,016 | $3,299,486 |