The Merancas Foundation Inc
- Assets
- $181.7m
- Revenue
- $364.7m
- Investments
- $174.7m
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 04/1990
- Data as of
- 12/2021
- EIN
- 56-1677733
Organization Overview
The Merancas Foundation Inc is located in Charlotte, NC. The organization was established in 1990. 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. Merancas Foundation 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 12/2021, Merancas Foundation Inc generated $364.7m in total revenue. All expenses for the organization totaled $14.8m during the year ending 12/2021. While expenses have increased by 12.4% 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.
Since 2015, Merancas Foundation Inc has awarded 818 individual grants totaling $71,864,870. 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 |
|---|---|---|---|
Anthony A Mermans President | 40 | $200,000 | |
Jennifer E Mermans Secretary | 1 | $0 | |
Nicole A Mermans Director | 1 | $0 | |
Robin M Mermans Director | 1 | $0 | |
Johanna K Mermans Asst Secreta | 1 | $0 | |
Cornelis A M Mermans Treasurer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $330,490,881 |
| Interest on Savings | $283 |
| Dividends & Interest | $169,486 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $34,007,148 |
| Capital Gain Net Income | $34,007,148 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $2,014 |
| Total Revenue | $364,669,812 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $200,000 |
| Other employee salaries and wages | $113,099 |
| Pension plans, employee benefits | $5,463 |
| Interest | $0 |
| Taxes | $247,903 |
| Depreciation | $0 |
| Occupancy | $75,094 |
| Travel, conferences, and meetings | $4,663 |
| Printing and publications | $0 |
| Other expenses | $44,050 |
| Total operating and administrative expenses | $695,122 |
| Contributions, gifts, grants paid | $14,128,000 |
| Total expenses and disbursements | $14,823,122 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $7,007,894 |
| 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 | $181,742,490 |
| Accounts payable and accrued expenses | $1,400 |
| 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 | $1,400 |
Grants Awarded
Over the last fiscal year, The Merancas Foundation Inc has awarded $28,743,000 in support to 145 organizations.
| Grant Recipient | Amount |
|---|---|
Charlotte, NC PURPOSE: STUDENT SCHOLARSHIPS AND SUPPORT FOR | $8,100,000 |
Charlotte, NC PURPOSE: SCHOLARSHIPS FOSTERING ECONOMIC INDE | $2,000,000 |
YWCA CENTRAL CAROLINAS PURPOSE: AFFORDABLE HOUSING CAMPAIGN | $1,875,000 |
THE SALVATION ARMY PURPOSE: FAMILY SHELTER PURCHASE - HOUSING | $1,000,000 |
HABITAT FOR HUMANITY OF THE CHARLOT PURPOSE: PROGRAMS FOR AFFORDABLE HOUSING | $1,000,000 |
CHARMECK FAMILY JUSTICE CENTER INC PURPOSE: ESTABLISHING DV SURVIVOR RESOURCE CE | $900,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Claws Foundation Reston, VA | $37,055,234 | $1,734,426 |
Dogwood Health Trust Asheville, NC | $1,386,374,836 | $630,200,598 |
Jack Kent Cooke Foundation Lansdowne, VA | $883,502,508 | $42,942,790 |
O Wayne Rollins Foundation Atlanta, GA | $468,654,801 | $21,609,282 |
Goizueta Foundation Inc Atlanta, GA | $444,757,286 | $34,966,270 |
The Leon Levine Foundation Charlotte, NC | $654,368,860 | $94,686,429 |
Maclellan Foundation Inc Chattanooga, TN | $225,301,353 | $34,552,415 |
We Are Sharing Hope Sc Charleston, SC | $50,025,063 | $34,221,211 |
The Frist Foundation Nashville, TN | $198,128,014 | $36,312,656 |
Danville Regional Foundation Danville, VA | $280,479,931 | $21,605,962 |
The Duke Energy Foundation Charlotte, NC | $4,461,931 | $408,995 |
Smith Richardson Foundation Inc Greensboro, NC | $606,694,904 | $88,589,213 |