The Paul & Elisabeth Merage Family Foundation
- Assets
- $30.5m
- Revenue
- $5.8k
- Investments
- $30.4m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 04/2003
- Data as of
- 12/2022
- EIN
- 68-0529692
Organization Overview
The Paul & Elisabeth Merage Family Foundation is located in Newport Beach, CA. The organization was established in 2003. 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. Paul & Elisabeth Merage 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 12/2022, Paul & Elisabeth Merage Family Foundation generated $5.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 8 years, the organization has seen revenues fall by an average of (35.6%) each year. All expenses for the organization totaled $2.3m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Paul & Elisabeth Merage Family Foundation has awarded 79 individual grants totaling $17,027,000. 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 |
|---|---|---|---|
Michelle Merage Pres/director | 2 | $0 | |
Elisabeth Merage Director | 1 | $0 | |
Paul Merage Chairman Of The Board | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $5,869 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$27 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $5,842 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $125,000 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $6,024 |
| Total operating and administrative expenses | $180,734 |
| Contributions, gifts, grants paid | $2,088,750 |
| Total expenses and disbursements | $2,269,484 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $91,898 |
| 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 | $30,386,333 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $30,478,231 |
| Accounts payable and accrued expenses | $100 |
| 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 | $100 |
Grants Awarded
Over the last fiscal year, The Paul & Elisabeth Merage Family Foundation has awarded $2,088,750 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
EL SOL ACADEMY FOUNDATION PURPOSE: GENERAL OPERATING | $50,000 |
FESTIVAL OF ARTS OF LAGUNA BEACH PURPOSE: GENERAL OPERATING | $5,000 |
ORANGE COUNTY COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING | $1,700,000 |
PACIFIC SYMPHONY PURPOSE: GENERAL OPERATING | $50,000 |
JEWISH COMMUNITY CENTER OF ORANGE COUNTY PURPOSE: GENERAL OPERATING | $25,750 |
ORANGE COUNTY MUSEUM OF ART PURPOSE: GENERAL OPERATING | $128,000 |