Mercadien Foundation Inc
- Assets
- $9.4k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Hamilton, NJ
- Founding
- 11/2019
- Data as of
- 06/2021
- EIN
- 22-3740144
Organization Overview
Mercadien Foundation Inc is located in Hamilton, NJ. The organization was established in 2019. 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. Mercadien Foundation Inc 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 06/2021, Mercadien Foundation Inc generated $10.6k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (48.9%) each year. All expenses for the organization totaled $5.8k during the year ending 06/2021. As we would expect to see with falling revenues, expenses have declined by (57.3%) per year over the past 3 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
Part 3
CASUAL FOR A CAUSE (FKA JEANS FOR CHARITY)ASSOCIATES OF THE MERCADIEN GROUP ARE PERMITTED TO WEAR JEANS TO WORK IF THEY CONTRIBUTE A MINIMUM OF $5.00 TO THE FOUNDATION TO BE DISTRIBUTED TO A PRE-DESIGNATED AND QUALIFIED PUBLIC CHARITY IN THE COMMUNITY
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Digesh Patel Director | 0.5 | $0 | |
Eleanor Horne Director | 0.5 | $0 | |
Marguerite Mount Director / President | 2 | $0 | |
Conrad Druker Director | 0.5 | $0 | |
Jack Fein Director | 0.5 | $0 | |
Sherise Ritter Director | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $10,595 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $10,595 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $4,515 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $739 |
| Total expenses | $5,849 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $9,351 |
| Other assets | $0 |
| Total assets | $9,351 |
| Total liabilities | $0 |
| Net assets or fund balances | $9,351 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Selz Foundation New York, NY | $142,395,054 | $24,456,334 |
Rita Allen Foundation Princeton, NJ | $219,012,203 | $23,878,841 |
The Derfner Foundation New York, NY | $158,472,968 | $13,106,656 |
Jill Roberts Charitable Foundation Inc Garden City, NY | $11,485 | $9,710,793 |
James And Merryl Tisch Foundation Inc New York, NY | $1,291,425 | $11,020,609 |
Tortuga Foundation New York, NY | $110,168,381 | $33,186,414 |
The Joseph H Flom Foundation New York, NY | $6,836,169 | $3,314,736 |
Head & Heart Foundation Tr Wilmington, DE | $258,907,072 | $16,871,801 |
The Applebaum Foundation Inc New York, NY | $229,643,281 | $16,929,047 |
Deutsche Bank Americas Foundation New York, NY | $38,867,163 | $11,020,529 |
Charles A Dana Fdn Inc New York, NY | $248,257,333 | $20,769,847 |
The Powder Mill Foundation York, PA | $147,181,195 | $3,651,780 |