Merion Community Association
- Assets
- $1.6m
- Revenue
- $484.7k
- Investments
- $1.4m
- Employees
- 0
- Location
- Merion Station, PA
- Founding
- 12/1950
- Data as of
- 12/2022
- EIN
- 23-1405634
Organization Overview
Merion Community Association is located in Merion Station, PA. The organization was established in 1950. According to its NTEE Classification (S22) the organization is classified as: Neighborhood & Block Associations, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merion Community Association 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, Merion Community Association generated $484.7k in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $418.2k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.4%) per year over the past 8 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE A MEETING PLACE FOR VARIOUS LOWER MERION TOWNSHIPCOMMUNITY ORGANIZATIONS WHICH AFFECT THE INTERESTS OFRESIDENTS OF LOWER MERION TOWNSHIP.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
James Ettleson President | 1 | $0 | |
Philip Ivory Vice President | 1 | $0 | |
Mark Haslam Treasurer | 1 | $0 | |
Patricia Surbeck Secretary | 1 | $0 | |
William J Mclaughlin Board Member | 1 | $0 | |
Dr Robert Polishook Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $45,000 |
| Interest on Savings | $0 |
| Dividends & Interest | $4,411 |
| Net Rental Income | $367,355 |
| Net Gain on Sale of Assets | $60,577 |
| Capital Gain Net Income | $60,577 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $7,311 |
| Total Revenue | $484,654 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $175,822 |
| Pension plans, employee benefits | $3,277 |
| Interest | $5,902 |
| Taxes | $16,327 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $186,364 |
| Total operating and administrative expenses | $418,209 |
| Contributions, gifts, grants paid | $0 |
| Total expenses and disbursements | $418,209 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $97,214 |
| Savings and temporary cash investments | $55,221 |
| 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 | $40,000 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $1,620,375 |
| Accounts payable and accrued expenses | $63,721 |
| Grants payable | $0 |
| Deferred revenue | $81,805 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $342,996 |
| Total liabilities | $488,522 |