Marjorie Merriweather Post Foundation
- Assets
- $5.6m
- Revenue
- $180.8k
- Investments
- $5.4m
- Employees
- 0
- Location
- Chapel Hill, NC
- Founding
- 04/1958
- Data as of
- 12/2023
- EIN
- 52-6054705
Organization Overview
Marjorie Merriweather Post Foundation is located in Chapel Hill, NC. The organization was established in 1958. 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. Marjorie Merriweather Post 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 12/2023, Marjorie Merriweather Post Foundation generated $180.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (5.9%) each year. All expenses for the organization totaled $445.4k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3 - Line 4a
N/A
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Spottswood P Dudley Vice Chairman | 0 | $0 | |
Henry A Dudley Jr Vice Chairman | 0 | $0 | |
Nina Craig Rumbough Chairperson | 0 | $0 | |
Ellen Macneille Charles Trustee | 0 | $0 | |
George D Iverson Trustee | 0 | $0 | |
Dexter Blackwell Secretary | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Eton Advisors Group Llc | 12/30/23 | $55,736 |
Russell Evans And Thompson Pllc | 12/30/23 | $78,839 |
Eton Advisors Group Llc | 12/30/23 | $0 |
Russell Evans And Thompson Pllc | 12/30/23 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $156,334 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$17,290 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $41,805 |
| Total Revenue | $180,849 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $1,055 |
| Taxes | $2,720 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $36,993 |
| Total operating and administrative expenses | $175,343 |
| Contributions, gifts, grants paid | $270,015 |
| Total expenses and disbursements | $445,358 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $168,543 |
| 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 | $5,381,455 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $12,867 |
| Total assets | $5,562,865 |
| 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, Marjorie Merriweather Post Foundation has awarded $270,015 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
SEE SCHEDULE 20A ATTACHED PURPOSE: ALL ORGANIZATIONS ARE 509(A)(1)OR(2) PUBLIC CHARITIES(PC). SEE ATTACHMENT FOR DETAILS. | $270,000 |
CHAR CONTRIBUTIONS FROM PTE PURPOSE: REPORTED ON SCHEDULE K-1 | $15 |