Arlene And Joseph Meraux Charitable Foundation
- Assets
- $95.3m
- Revenue
- $9.3m
- Investments
- $73.4m
- Employees
- 0
- Location
- Violet, LA
- Founding
- 03/1999
- Data as of
- 12/2021
- EIN
- 72-1400981
Organization Overview
Arlene And Joseph Meraux Charitable Foundation is located in Violet, LA. The organization was established in 1999. 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. Arlene And Joseph Meraux Charitable 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 12/2021, Arlene And Joseph Meraux Charitable Foundation generated $9.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (9.1%) each year. All expenses for the organization totaled $6.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2016, Arlene And Joseph Meraux Charitable Foundation has awarded 267 individual grants totaling $10,573,059. 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
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Program Activity:
PART IX-A, LINE 1DOCVILLE FARM CHARITABLE ACTIVITIES:TO ADVANCE ITS MISSION, THE MERAUX FOUNDATION DEDICATED A LARGE PORTION OF THE HISTORIC DOCVILLE PROPERTY AS A CULTURAL AND EDUCATIONAL CENTER. IN ADDITION TO HOSTING TENS OF THOUSANDS OF PEOPLE AT SCORES OF COMMUNITY EVENTS, MEETINGS, AND WORKSHOPS THROUGHOUT YEAR, DOCVILLE FARM ALSO SERVES AS A BASE OF OPERATIONS FOR THE MERAUX FOUNDATION'S CHARITABLE PROGRAMS AND INITIATIVES. THE CAMPUS INCLUDES THE MAIN HOUSE, A TURN-OF-THE-CENTURY STRUCTURE THE MERAUX FOUNDATION RESURRECTED AFTER THE HURRICANES OF 2005; THE DAVE THOMPSON EVENT BARN; THE ARLENE MERAUX RIVER OBSERVATION CENTER (AMROC); A GREENHOUSE WHERE PLANTS FOR COASTAL RESTORATION PROJECTS ARE GROWN; WORKING STABLES WITH LIVESTOCK; AND A NUMBER OF EDUCATIONAL INSTALLATIONS.
PART IX-A, LINE 2COMMUNITY CONTRIBUTION:THE MERAUX FOUNDATION DONATED $3,593,781 TO VARIOUS 501(C)3 ORGANIZATIONS TO ADVANCE ITS MISSION OF IMPROVING THE QUALITY OF LIFE IN ST. BERNARD PARISH.
PART IX-A, LINE 3SCHOLARSHIP PROGRAM: EACH YEAR, THE MERAUX FOUNDATION AWARDS AROUND 60 SCHOLARSHIPS TO ST. BERNARD PARISH PUBLIC HIGH SCHOOL GRADUATES. SELECTED BY AN INDEPENDENT COMMITTEE OF EDUCATORS, 50 STUDENTS RECEIVE SCHOLARSHIPS FOR ACADEMIC ACHIEVEMENT, FOUR FOR ARTISTIC ACCOMPLISHMENT, AND SIX FOR CAREER TECHNICAL EDUCATION. TO DATE, THE FOUNDATION HAS AWARDED SOME 840 SCHOLARSHIPS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rita Gue Chairwoman | 35 | $150,000 | |
Floyd Gue President | 35 | $125,000 | |
William Haines Vice-President | 40 | $120,000 | |
Christopher Haines Treasurer | 40 | $120,000 | |
Sidney D Torres III Secretary | 25 | $0 | |
Erica Beck Asst. Secretary | 25 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Erica N Beck | 12/30/21 | $90,000 |
Law Offices Of Sidney D Torres Iii | 12/30/21 | $180,000 |
Sherman Strategies | 12/30/21 | $60,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $12,445 |
| Dividends & Interest | $1,293,632 |
| Net Rental Income | $1,554,025 |
| Net Gain on Sale of Assets | $3,300,825 |
| Capital Gain Net Income | $3,300,825 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $3,146,931 |
| Total Revenue | $9,307,858 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $515,000 |
| Other employee salaries and wages | $352,094 |
| Pension plans, employee benefits | $128,795 |
| Interest | $0 |
| Taxes | $310,093 |
| Depreciation | $202,014 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $138 |
| Printing and publications | $0 |
| Other expenses | $882,500 |
| Total operating and administrative expenses | $2,811,458 |
| Contributions, gifts, grants paid | $3,593,781 |
| Total expenses and disbursements | $6,405,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $4,841,117 |
| Net Accounts receivable | $552,677 |
| 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 | $6,424,908 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,557,782 |
| Net Land, buildings, and equipment | $9,631,916 |
| Other assets | $438,138 |
| Total assets | $95,291,949 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $107,871 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Mortgages and other notes payable | $0 |
| Other liabilities | $48,126 |
| Total liabilities | $155,997 |
Grants Awarded
Over the last fiscal year, Arlene And Joseph Meraux Charitable Foundation has awarded $3,593,781 in support to 41 organizations.
| Grant Recipient | Amount |
|---|---|
ST BERNARD PARISH GOVERNMENT PURPOSE: DONATED 8.972 ACRES OF LAND (AIR | $2,800,000 |
SCHOLARSHIP PURPOSE: DONATION | $151,000 |
COMMUNITY CENTER OF ST BERNARD PURPOSE: DONATION | $132,700 |
FAMILY VIOLENCE PROGRAM OF ST BERNARD PURPOSE: DONATION | $83,000 |
LSU PURPOSE: DONATION | $82,437 |
Chalmette, LA PURPOSE: DONATION | $56,847 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centerpoint Energy Foundation Inc Houston, TX | $70,813,659 | $24,292,942 |
The Cullen Foundation Houston, TX | $278,005,765 | $19,628,625 |
Union General Hospital Farmerville, LA | $25,999,661 | $20,373,665 |
Karakin Foundation Abilene, TX | $132,653,937 | $29,351,833 |
Fore Kids Foundation Inc Avondale, LA | $11,128,381 | $16,554,167 |
Addy Foundation Dallas, TX | $79,281,983 | $6,993,780 |
Willard And Pat Walker Charitable Foundation Inc Fayetteville, AR | $353,155,323 | $36,054,174 |
Stanley E Fulton Family Foundation Dallas, TX | $203,743,171 | -$10,523,305 |
Srb Charitable Corporation Fort Worth, TX | $75,222,672 | $6,910,443 |
Jay Pritzker Foundation Houston, TX | $33,789,125 | $2,840,542 |
Greehey Family Foundation San Antonio, TX | $169,607,829 | $20,192,503 |
Eula Mae And John Baugh Foundation Jersey Village, TX | $172,592,135 | $27,686,076 |