Arthur J & Kathryn D Mervenne Foundation
- Assets
- $154.7k
- Revenue
- $116.1k
- Investments
- $149.7k
- Employees
- 0
- Location
- Holland, MI
- Founding
- 02/1995
- Data as of
- 12/2022
- EIN
- 38-3212164
Organization Overview
Arthur J & Kathryn D Mervenne Foundation is located in Holland, MI. The organization was established in 1995. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Arthur J & Kathryn D Mervenne 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, Arthur J & Kathryn D Mervenne Foundation generated $116.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 9.0% each year. All expenses for the organization totaled $109.4k during the year ending 12/2022. While expenses have increased by 6.8% per year over the past 7 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 2016, Arthur J & Kathryn D Mervenne Foundation has awarded 20 individual grants totaling $517,500. 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 |
|---|---|---|---|
Name Not Listed President | 0 | $0 | |
Mercedes B Saurbaugh Director | 0 | $0 | |
Gwendolyn K Boeve Director | 0 | $0 | |
Marjorie S Hekman Director | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,500 |
| Interest on Savings | $511 |
| Dividends & Interest | $66,658 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $46,392 |
| Capital Gain Net Income | $46,392 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $116,061 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $959 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $3,909 |
| Contributions, gifts, grants paid | $105,500 |
| Total expenses and disbursements | $109,409 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $5,007 |
| 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 | $154,681 |
| 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, Arthur J & Kathryn D Mervenne Foundation has awarded $105,500 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
SALVATION ARMY PURPOSE: GENERAL OPERATIONS | $35,000 |
COMMUNITY ACTION HOUSE PURPOSE: GENERAL OPERATIONS | $40,000 |
RESILIENCE PURPOSE: GENERAL OPERATIONS | $20,500 |
CAMP SUNSHINE PURPOSE: GENERAL OPERATIONS | $10,000 |