Luesther T Mertz Charitable Tr
- Assets
- $453.5k
- Revenue
- $200.2k
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- 01/1995
- Data as of
- 11/2023
- EIN
- 13-7049014
Organization Overview
Luesther T Mertz Charitable Tr is located in New York, NY. The organization was established in 1995. According to its NTEE Classification (T90) the organization is classified as: Named Trusts N.E.C., 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. Luesther T Mertz Charitable Tr 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 11/2023, Luesther T Mertz Charitable Tr generated $200.2k 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 (43.5%) each year. All expenses for the organization totaled $1.2m during the year ending 11/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Luesther T Mertz Charitable Tr has awarded 103 individual grants totaling $197,112,769. 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
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
SEE MISSION STATEMENT ON PAGE 2, PART III, LINE 1
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE TRUST IS IN THE PROCESS OF DISSOLUTION. A GRANT OF THE REMAINING NON-CASH ASSET WAS MADE DURING THE YEAR.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry E Condon Trustee | Trustee | 40 | $0 |
Golden Beckner Jr Trustee | Trustee | 40 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Blank Rome Llp Legal Services | 11/29/21 | $184,482 |
Mertz Gilmore Foundation Program And Admin Support | 11/29/21 | $143,236 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $20,049 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $200,196 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $917,328 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $155,196 |
| Fees for services: Accounting | $26,057 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $1,440 |
| Fees for services: Other | $25,000 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $1,155,611 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $453,479 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $453,479 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $453,479 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $453,479 |
Grants Awarded
Over the last fiscal year, Luesther T Mertz Charitable Tr has awarded $3,900,000 in support to 11 organizations.
| Grant Recipient | Amount |
|---|---|
BALLET TECH FOUNDATION PURPOSE: ESSENTIAL SUPPORT ASSOCIATED WITH CARRYING OUT BALLET TECH'S MISSION, INCLUDING PERFORMANCE-RELATED EXPENSES AT THE JOYCE THEATER DURING FISCAL YEARS 2026-2028. | $200,000 |
CENTRAL PARK CONSERVANCY PURPOSE: GENERAL SUPPORT DURING FISCAL YEAR 2023. | $210,000 |
LINCOLN CENTER FOR THE PERFORMING ARTS INC PURPOSE: SUPPORT FOR LINCOLN CENTER THEATER'S PRODUCTIONS DURING FYE 6/30/23; GENERAL OPERATING EXPENSES AT LINCOLN CENTER EDUCATION; SUPPORT FOR THE CREATION OF NEW WORK AT THE NYCB DURING ITS 2025 FISCAL YEAR; AND GENERAL OPERATING EXPENSES AT LINCOLN CENTER FOR THE PERFORMING ARTS, INC. | $360,000 |
AMERICAN CIVIL LIBERTIES UNION FOUNDATION PURPOSE: SUPPORT FOR THE ACLU'S EXECUTIVE DEPARTMENT INITIATIVES, WHICH INCLUDE: ADVOCACY INSTITUTE; CREATION OF DEPUTY EXECUTIVE DIRECTOR FOR STRATEGY & CULTURE POSITION/OFFICE; AND PAULI MURRAY FELLOWSHIP. | $200,000 |
NATIONAL AUDUBON SOCIETY PURPOSE: AUDUBON NEW YORK'S HEALTHY FOREST STRATEGY. | $130,000 |
NATURAL RESOURCES DEFENSE COUNCIL PURPOSE: SUPPORT FOR NRDC'S CLIMATE WORK AT LARGE DURING FISCAL YEAR 2023. | $270,000 |