Meritan Inc
- Assets
- $4.7m
- Revenue
- $16.4m
- Investments
- $0.0
- Employees
- 292
- Location
- Memphis, TN
- Founding
- 12/1975
- Data as of
- 06/2022
- EIN
- 62-0674655
Organization Overview
Meritan Inc is located in Memphis, TN. The organization was established in 1975. According to its NTEE Classification (P80) the organization is classified as: Centers to Support the Independence of Specific Populations, under the broad grouping of Human Services and related organizations. As of 06/2022, Meritan Inc employed 292 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Meritan 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 06/2022, Meritan Inc generated $16.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $12.8m during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (3.5%) per year over the past 7 years. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
IMPROVE WELL-BEING AND PROMOTE INDEPENDENCE THROUGHOUT LIFE'S STAGES WITH QUALITY AND COMPASSION
Describe the Organization's Program Activity:
Part 3 - Line 4a
SPECIALIZED FOSTER CARE MERITAN'S THERAPEUTIC FOSTER CARE PROGRAM PROVIDES SAFE, NURTURING FOSTER CARE HOMES FOR EMOTIONALLY AND PHYSICALLY FRAGILE CHILDREN AND INFANTS, MOST OF WHOM COME FROM ABUSIVE BACKGROUNDS
HOME HEALTH MERITAN'S HOME HEALTH ASSISTS CLIENTS IN THEIR HOMES WITH A FULL SPECTRUM OF SERVICES, INCLUDING SKILLED NURSING, HOME HEALTH AIDES, MEDICAL SOCIAL WORKERS, PHYSICAL, SPEECH, AND OCCUPATIONAL THERAPIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Bouie VP Of Foster | Officer | 40 | $137,025 |
Melanie Keller President, C | Officer | 1 | $0 |
Asia Meador General Coun | Officer | 1 | $0 |
Jeff Weesner Cao | Officer | 1 | $0 |
Patti Kesler Senior VP Cf | Officer | 1 | $0 |
Gerrie Currie Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,632,833 |
| All other contributions, gifts, grants, and similar amounts not included above | $951,528 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,584,361 |
| Total Program Service Revenue | $10,409,341 |
| Investment income | $11,840 |
| 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 | $16,356,031 |
| 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. | $386,768 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,098,453 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $370,423 |
| Payroll taxes | $327,496 |
| Fees for services: Management | $1,502,932 |
| Fees for services: Legal | $16,174 |
| Fees for services: Accounting | $42,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $4,329,194 |
| Advertising and promotion | $0 |
| Office expenses | $242,343 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $297,703 |
| Travel | $212,947 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $73,560 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $21,646 |
| Insurance | $347,189 |
| All other expenses | $0 |
| Total functional expenses | $12,786,874 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $668,992 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $1,297,873 |
| Accounts receivable, net | $860,009 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $625,377 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $216,623 |
| Net Land, buildings, and equipment | $470,953 |
| Investments—publicly traded securities | $548,261 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $4,688,088 |
| Accounts payable and accrued expenses | $501,269 |
| 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 | $775,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $9,759,441 |
| Total liabilities | $11,035,710 |
| Net assets without donor restrictions | -$6,347,622 |
| 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 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,688,088 |
Grants Recieved
Over the last fiscal year, we have identified 6 grants that Meritan Inc has recieved totaling $490,283.
| Awarding Organization | Amount |
|---|---|
United Way Of The Mid-South Memphis, TN PURPOSE: SEE SCH O | $372,830 |
Assisi Foundation Of Memphis Inc Memphis, TN PURPOSE: ELDER ABUSE VICTIM SERVICES | $108,337 |
Charities Aid Foundation America Alexandria, VA PURPOSE: CHARITABLE DONATION | $7,500 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $1,441 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $125 |
Pfizer Foundation Inc New York, NY PURPOSE: MATCHING GIFTS | $50 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lighthouse For The Blind St Louis, MO | $132,994,524 | $33,499,796 |
Signal Centers Inc Chattanooga, TN | $10,070,860 | $27,319,073 |
Louise W Eggleston Center Inc Norfolk, VA | $29,105,931 | $28,904,867 |
Center For Human Services Inc Sedalia, MO | $26,886,839 | $25,741,187 |
Area Resources For Community And Human Services St Louis, MO | $7,485,781 | $21,715,515 |
Boulder Crest Foundation Bluemont, VA | $39,968,822 | $23,145,930 |
Community Health Ctr Of Central Missouri Jefferson City, MO | $23,228,826 | $19,931,072 |
Central Fairfax Services Inc Springfield, VA | $6,565,063 | $13,281,706 |
Area Congregations Together In Service Richmond, VA | $1,536,280 | $15,128,315 |
Arkansas Enterprises For The Developmentally Disabled Inc Little Rock, AR | $11,004,956 | $14,277,062 |
Cedars Of Chapel Hill Club Inc Chapel Hill, NC | $6,435,897 | $14,257,296 |
Behavioral Healthcare Services Inc Owensboro, KY | $8,995,827 | $13,461,445 |