Microenterprise Resources Initiatives & Training
- Assets
- $224.3k
- Revenue
- $337.0k
- Investments
- $0.0
- Employees
- 0
- Location
- Keizer, OR
- Founding
- 11/2008
- Data as of
- 06/2021
- EIN
- 41-2247717
Organization Overview
Microenterprise Resources Initiatives & Training, operating under the name Merit, is located in Keizer, OR. The organization was established in 2008. According to its NTEE Classification (S43) the organization is classified as: Small Business Development, 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. Merit 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, Merit generated $337.0k in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 9.5% each year. All expenses for the organization totaled $288.2k during the year ending 06/2021. While expenses have increased by 8.2% 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
HELPING PEOPLE START, LAUNCH, AND GROW SUCCESSFUL MICROBUSINESSES THROUGH TRAINING AND SUPPORT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MICROENTERPRISE TRAINING AND TECHNICAL ASSISTANCE; VIRTUALLY SERVED AROUND 120 PEOPLE IN MARION, POLK, AND YAMHILL AND SURROUNDING COUNTIES THROUGH BUSINESS DEVELOPMENT AND FINANCIAL LITERACY TRAINING AND SPECIALISED WORKSHOPS.4 KAUFFMAN FASTTRAC BUSINESS DEVELOPMENT TRAINING, 1 FINANCIAL LITERACY TRAINING: O FASTTRAC SMALL BUSINESS DEVELOPMENT TRAINING O FASTTRAC SMALL BUSINESS DEVELOPMENT TRAINING O ENTRENAMIENTO PARA PEQUENOS NEGOCIOS O ENTRENAMIENTO PARA PEQUENOS NEGOCIOS O FINANCIAL LITERACY SERIES SPECIALISED WORKSHOPS: O REVITALIZATION FUND O SBA APPLICATION PROCESS O BUSINESS TAX BASICS ROUND 1 O INVESTING 101- SPANISH O BUSINESS TAX BASICS ROUND 2IN ADDITION, 35 INDIVIDUAL DEVELOPMENT ACCOUNT HOLDERS RECEIVED TECHNICAL ASSISTNCE AND COACHING SUPPORT
ASSET BUILDING PROGRAM: INDIVIDUAL DEVELOPMENT ACCOUNT FOR BUSINESS AND WORK RELATED TRAINING
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Victor Vasquez Executive Director | OfficerTrustee | 40 | $78,175 |
Sara Curiel-Paez President | OfficerTrustee | 2 | $0 |
Quinn Burke Treasurer | OfficerTrustee | 2 | $0 |
Jose Garcia Secretary | OfficerTrustee | 1 | $0 |
Darrin Brightman Director | Trustee | 1 | $0 |
Claudia Maciel Program Coordinator & Ida Specialist | Trustee | 40 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $176,359 |
| All other contributions, gifts, grants, and similar amounts not included above | $139,152 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $315,511 |
| Total Program Service Revenue | $21,490 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $337,001 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $186,973 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $763 |
| Payroll taxes | $18,808 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $400 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $51,672 |
| Advertising and promotion | $670 |
| Office expenses | $1,094 |
| Information technology | $4,294 |
| Royalties | $0 |
| Occupancy | $8,691 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $88 |
| Insurance | $0 |
| All other expenses | $4,869 |
| Total functional expenses | $288,171 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $160,191 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $59,766 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $199 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $4,190 |
| Total assets | $224,346 |
| Accounts payable and accrued expenses | $29,640 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $97,048 |
| Total liabilities | $126,688 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $97,658 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $224,346 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Microenterprise Resources Initiatives & Training has recieved totaling $220,000.
| Awarding Organization | Amount |
|---|---|
National Association For Latino Community Asset Builders San Antonio, TX PURPOSE: Small Business | $175,000 |
Oregon Community Foundation Portland, OR PURPOSE: Economic Development | $45,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
California Manufacturing Technology Consulting Torrance, CA | $11,048,363 | $31,611,156 |
Craft3 Astoria, OR | $178,565,925 | $26,936,516 |
Business Finance Capital Los Angeles, CA | $7,749,774 | $11,735,552 |
Los Angeles Cleantech Incubator Los Angeles, CA | $4,675,991 | $8,340,208 |
Economic Development Corporation Of Los Angeles Los Angeles, CA | $29,436,314 | $9,374,870 |
Main Street Launch Oakland, CA | $33,776,792 | $12,838,427 |
Inquiring Systems Inc Santa Rosa, CA | $7,524,299 | $8,764,937 |
Oregon Manufacturing Extension Partnership Inc Portland, OR | $2,663,862 | $6,607,892 |
Mce Social Capital San Francisco, CA | $62,791,597 | $6,149,930 |
Renaissance Entrepreneurship Center San Francisco, CA | $5,879,123 | $7,123,665 |
Pacific Community Ventures Oakland, CA | $20,029,825 | $8,516,576 |
Pacific Coast Regional Urban Small Business Development Corporation Los Angeles, CA | $22,353,411 | $11,894,942 |