Mercer Family Foundation
- Assets
- $802.6k
- Revenue
- $39.8k
- Investments
- $790.7k
- Employees
- 0
- Location
- Lake Bay, WA
- Founding
- 07/2014
- Data as of
- 06/2023
- EIN
- 45-4112890
Organization Overview
Mercer Family Foundation is located in Lake Bay, WA. The organization was established in 2014. 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. Mercer 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 06/2023, Mercer Family Foundation generated $39.8k in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 6.6% each year. All expenses for the organization totaled $38.6k during the year ending 06/2023. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
June Mercer President - Director | 2 | $0 | |
John Mercer Secretary - Director | 1 | $0 | |
Gary Lien Director | 1 | $0 | |
Mathew Mercer Director | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Us Trust | 6/29/23 | $9,899 |
Gary W Lien Cpa | 6/29/23 | $2,250 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $1,145 |
| Dividends & Interest | $16,970 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $21,716 |
| Capital Gain Net Income | $21,716 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $39,831 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $12,149 |
| Contributions, gifts, grants paid | $26,500 |
| Total expenses and disbursements | $38,649 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $11,846 |
| 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 | $802,591 |
| 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, Mercer Family Foundation has awarded $26,500 in support to 3 organizations.
| Grant Recipient | Amount |
|---|---|
KNKX PURPOSE: PUBLIC RADIO | $10,000 |
HOUSE OF BLUE HOPE PURPOSE: NEEDY BOYS AND GIRLS HOUSING | $10,000 |
KEY PENNINSULA COMMUNITY SVCS PURPOSE: FOOD BANK | $6,500 |