The Merage Institute For The American Dream
- Assets
- $5.4m
- Revenue
- $2.9m
- Investments
- $5.4m
- Employees
- 0
- Location
- Newport Beach, CA
- Founding
- 03/2004
- Data as of
- 12/2022
- EIN
- 68-0529693
Organization Overview
The Merage Institute For The American Dream is located in Newport Beach, CA. The organization was established in 2004. According to its NTEE Classification (T22) the organization is classified as: Private Independent 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. Merage Institute For The American Dream 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, Merage Institute For The American Dream generated $2.9m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $3.1m during the year ending 12/2022. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Merage Institute For The American Dream has awarded 28 individual grants totaling $8,143,691. 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.
Form
990PF
Mission & Program ActivityExcerpts From the 990PF Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3 - Line 4a
COMBATING TERRORISM TECHNICAL SUPPORT OFFICE/IRREGULAR WARFARE SUPPORT DIRECTORATE - PROGRAM DESIGNED TO PLAN AND EXECUTE AN INNOVATION CHALLENGE IN ISRAEL TO ILLUMINATE CUTTING EDGE TECHNOLOGIES THAT ENABLE SMALL TACTICAL TEAMS TO MORE EFFECTIVELY OPERATE IN COMPLEX CONGESTED ENVIRONMENTS.
ENTREPRENEURS' COMPETITION 45+ - THE COMPETITION IS INTENDED TO ENCOURAGE AND SUPPORT ENTREPRENEURS OVER THE AGE OF 45 TO DEVELOP UNIQUE IDEAS/PROJECTS/VENTURES/TECHNOLOGIES INTO THE PROMISING SUCCESSFUL BUSINESS.
MEDICAL DEVICES - THE LEADERSHIP PROGRAM FOR LIFE SCIENCES EXECUTIVES IS FOCUSED ON ENHANCING A COMPANY'S ABILITY TO OPERATE IN THE US AND TO SUCCEED IN THE GLOBAL MARKET. PROGRAM TARGETS ISRAELI STARTUP COMPANIES FROM LIFE SCIENCES-RELATED INDUSTRIES.
HOMELAND SECURITY - THE LEADERSHIP PROGRAM FOR HLS EXECUTIVES IS FOCUSED ON ENHANCING COMPANY'S ABILITY TO OPERATE IN THE UNITED STATES AND TO SUCCEED IN THE GLOBAL MARKETPLACE. THE PROGRAM IS TARGETED TOWARDS ISRAELI STARTUP COMPANIES' HLS-RELATED INDUSTRIES INCLUDING TRAFFIC AND ARMS CONTROL, BORDER SECURITY, PERSONAL SAFETY, CYBER PROTECTION, LAW ENFORCEMENT OFFICERS TRAINING EQUIPMENT, AIR AND ENVIRONMENT SAFETY AND CONTROL, COMMAND AND CONTROL SYSTEMS, SURVEILLANCE SYSTEMS, PROTECTIVE EQUIPMENT, MILITARY ELECTRONICS, ANTI-TERROR SYSTEMS, NON-LETHAL WEAPONS FIRE CONTROL, ENERGY STORAGE SYSTEMS RANGE FINDERS AND OPTICAL EQUIPMENT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Michelle Merage Pres/director | 0 | $0 | |
Elisabeth Merage Secr/treas/dir | 0 | $0 | |
Richard Merage Director | 0 | $0 | |
Lauren Merage Director | 0 | $0 | |
Paul Merage Director | 0 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Imran S Currim | 12/30/19 | $71,945 |
Eric Spangenberg | 12/30/19 | $50,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $2,874,161 |
| Interest on Savings | $531 |
| Dividends & Interest | $580 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$3 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $2,875,269 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $553,700 |
| Pension plans, employee benefits | $49,496 |
| Interest | $0 |
| Taxes | $4,400 |
| Depreciation | $3,131 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $955 |
| Printing and publications | $0 |
| Other expenses | $2,077,381 |
| Total operating and administrative expenses | $2,800,894 |
| Contributions, gifts, grants paid | $340,740 |
| Total expenses and disbursements | $3,141,634 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,836 |
| Savings and temporary cash investments | $0 |
| Net Accounts receivable | $14,233 |
| 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 | $16,573 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $5,354,173 |
| Net Land, buildings, and equipment | $8,283 |
| Other assets | $0 |
| Total assets | $5,407,098 |
| Accounts payable and accrued expenses | $107,156 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $2,480,000 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $2,587,156 |
Grants Awarded
Over the last fiscal year, The Merage Institute For The American Dream has awarded $2,190,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ORANGE COUNTY COMMUNITY FOUNDATION PURPOSE: GENERAL OPERATING | $2,040,000 |
MAYO CLINIC PURPOSE: GENERAL OPERATING | $150,000 |