Ann A Mergens Foundation Inc
- Assets
- $6.6m
- Revenue
- $393.1k
- Investments
- $6.3m
- Employees
- 0
- Location
- Shelburne, VT
- Founding
- 02/2012
- Data as of
- 08/2022
- EIN
- 27-4113304
Organization Overview
Ann A Mergens Foundation Inc is located in Shelburne, VT. The organization was established in 2012. 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. Ann A Mergens 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 08/2022, Ann A Mergens Foundation Inc generated $393.1k in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 36.2% each year . All expenses for the organization totaled $401.9k during the year ending 08/2022. While expenses have increased by 37.8% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Ann A Mergens Foundation Inc has awarded 85 individual grants totaling $2,130,000. 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
NOT APPLICABLE
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary Mergens-Loughran Chair & Exec. Director | 7.5 | $30,000 | |
Paul G Mergens Vice-President | 2 | $0 | |
William H Wiltshire Secretary | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $140 |
| Dividends & Interest | $103,241 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $289,719 |
| Capital Gain Net Income | $289,719 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $393,100 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $30,000 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $10,490 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $71,504 |
| Total operating and administrative expenses | $121,920 |
| Contributions, gifts, grants paid | $280,000 |
| Total expenses and disbursements | $401,920 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $269,355 |
| 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 | $0 |
| Other assets | $0 |
| Total assets | $6,556,897 |
| 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 | $0 |
| Total liabilities | $0 |
Grants Awarded
Over the last fiscal year, Ann A Mergens Foundation Inc has awarded $280,000 in support to 10 organizations.
| Grant Recipient | Amount |
|---|---|
LIVE LIKE JAKE FOUNDATION PURPOSE: GENERAL OPERATINGSUPPORT | $100,000 |
Shelburne, VT PURPOSE: FARM BARN FACILITYAND PROGRAMMING | $40,000 |
STERN CENTER PURPOSE: NEIL SHAPIROSCHOLARSHIP FUND | $30,000 |
West Palm Beach, FL PURPOSE: GENERAL OPERATINGSUPPORT | $25,000 |
LOGGERHEAD MARINE LIFE CENTER PURPOSE: CAPITALCAMPAIGN | $20,000 |
GREATER BURLINGTON YMCA PURPOSE: CAPITALCAMPAIGN | $15,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Druckenmiller Foundation New York, NY | $1,579,806,367 | $402,828,458 |
Rockefeller Brothers Fund Inc New York, NY | $1,654,004,790 | $94,665,303 |
Adelson Family Foundation Needham, MA | $5,626,414 | $49,822,227 |
Anna Maria And Stephen Kellen Foundation Inc New York, NY | $1,287,407,560 | $57,361,611 |
The Wallace Foundation New York, NY | $1,815,949,042 | $114,535,478 |
Stephen A Schwarzman Foundation New York, NY | $124,156,635 | $61,557,254 |
Pepsico Foundation Inc Purchase, NY | $25,033,678 | $1,734,936 |
Foundation Mireille And James Levy Usa New York, NY | $36,878,233 | $277,701 |
The Bat Hanadiv Foundation No 3 New York, NY | $1,717,297,999 | $245,079,951 |
Big East Conference Inc New York, NY | $25,429,264 | $59,716,596 |
Bristol-Myers Squibb Foundation Inc New York, NY | $146,629,708 | $46,784 |
Arnhold Foundation Inc New York, NY | $497,481,101 | $53,665,580 |