Merrick Inc
- Assets
- $10.6m
- Revenue
- $11.7m
- Investments
- $0.0
- Employees
- 450
- Location
- Vadnais Heights, MN
- Founding
- 06/1973
- Data as of
- 06/2021
- EIN
- 41-0991279
Organization Overview
Merrick Inc is located in Vadnais Heights, MN. The organization was established in 1973. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2023, Merrick Inc employed 450 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Merrick 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, Merrick Inc generated $11.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 4.8% each year. All expenses for the organization totaled $9.0m during the year ending 06/2021. While expenses have increased by 1.4% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
DAY SUPPORT, REMOTE, PREVOCATIONAL, EMPLOYMENT & TRANSPORTATION SERVICES TO ADULTS WITH INTELLECTUAL OR DEVELOPMENTAL DISABILITIES
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDED WORK OPTIONS TO MORE THAN 275 ADULTS WITH INTELLECTUAL OR DEVELOPMENTAL DISABILITIES (I/DD) ENABLING THEM TO ENGAGE IN PREFERRED EMPLOYMENT OPTIONS (I.E., ONSITE, CREW, DIRECT HIRE) THAT IMPROVES SELF-ESTEEM, DEVELOPS SOCIAL RELATIONSHIPS, AND GENERATES DISCRETIONARY INCOME THEY CAN USE TO BETTER ENJOY A GOOD LIFE. PROVIDED LIFE ENRICHMENT AND THERAPEUTIC ACTIVITIES TO MORE THAN 100 ADULTS WITH I/DD THAT IMPROVES THEIR SELF-ESTEEM, DEVELOPS SOCIAL RELATIONSHIPS, AND MAINTAINS THEIR PHYSICAL, EMOTIONAL, AND MENTAL HEALTH TO BETTER ENJOY A GOOD LIFE. PROVIDED MORE THAN 300 RIDES EVERY WEEKDAY TO TRANSPORT CLIENTS FROM THE HOME TO THEIR PROGRAM SITE AND BACK AGAIN.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Deb Degreeff Trustee | Trustee | 1 | $0 |
Karen Deyoung Trustee | Trustee | 1 | $0 |
Erik Levy Past President | OfficerTrustee | 2 | $0 |
Kristin Mahre Trustee | Trustee | 1 | $0 |
Maureen Mcgarry Vice President | OfficerTrustee | 1 | $0 |
Paul Mchale Trustee | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Newtrax Inc Transportation, Accounting, Vehicle Main | 6/29/23 | $1,247,039 |
Lindenmeyr Paper Distributor | 6/29/23 | $697,427 |
Metro Transit Transportation Services | 6/29/23 | $568,822 |
Lyft Inc Transportation Services | 6/29/23 | $260,890 |
Palen Contracting Construction/re-model | 6/29/23 | $244,825 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,825,610 |
| Investment income | $9,707 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $8,670 |
| Net Income from Fundraising Events | -$44,600 |
| Net Income from Gaming Activities | $792,193 |
| Net Income from Sales of Inventory | $94,676 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,695,877 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $179,382 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,679,884 |
| Pension plan accruals and contributions | $33,507 |
| Other employee benefits | $911,523 |
| Payroll taxes | $251,288 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $47,286 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $3,648 |
| Fees for services: Other | $2,060,044 |
| Advertising and promotion | $4,040 |
| Office expenses | $40,373 |
| Information technology | $60,938 |
| Royalties | $0 |
| Occupancy | $352,323 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $4,737 |
| Interest | $66,460 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $259,913 |
| Insurance | $46,015 |
| All other expenses | $0 |
| Total functional expenses | $8,996,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $77,954 |
| Savings and temporary cash investments | $2,952,066 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,147,666 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $50,573 |
| Prepaid expenses and deferred charges | $210,106 |
| Investments—publicly traded securities | $715,644 |
| Investments—other securities | $0 |
| Investments—program-related | $1,102,030 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,586,883 |
| Accounts payable and accrued expenses | $811,971 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $2,146,971 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $40,298 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,999,240 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $7,587,643 |