Mervis Family Foundation
- Assets
- $946.4k
- Revenue
- $325.3k
- Investments
- $870.8k
- Employees
- 0
- Location
- Carmel, IN
- Founding
- 11/1994
- Data as of
- 12/2022
- EIN
- 35-1921800
Organization Overview
Mervis Family Foundation is located in Carmel, IN. The organization was established in 1994. 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. Mervis Family 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 12/2022, Mervis Family Foundation generated $325.3k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $281.9k during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mervis Family Foundation has awarded 13 individual grants totaling $658,912. 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michael J Mervis President | 0 | $0 | |
Sybil S Mervis Secretary | 0 | $0 | |
Robert L Bates Treasurer | 0 | $0 | |
Audra Mervis Director | 0 | $0 | |
Joseph Mervis Director | 0 | $0 | |
Isaac Mervis Vice President | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $165,230 |
| Interest on Savings | $158 |
| Dividends & Interest | $33,215 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $126,660 |
| Capital Gain Net Income | $126,660 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $325,263 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,166 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $3,561 |
| Total operating and administrative expenses | $5,781 |
| Contributions, gifts, grants paid | $276,080 |
| Total expenses and disbursements | $281,861 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,562 |
| Savings and temporary cash investments | $0 |
| 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 | $946,391 |
| 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, Mervis Family Foundation has awarded $276,080 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CIVIC ORGANIZATIONS - PURPOSE: CIVIC CAUSES | $39,130 |
EDUCATIONAL ORGANIZATIONS - PURPOSE: EDUCATIONAL CAUSES | $153,934 |
JEWISH ORGANIZATIONS - PURPOSE: JEWISH CAUSES | $36,620 |
MEDICAL ORGANIZATIONS - PURPOSE: MEDICAL RESEARCH/SUPPORT | $46,396 |