Arlene And Joseph Meraux Charitable Foundation
- Assets
- $94.4m
- Revenue
- $4.7m
- Investments
- $74.9m
- Employees
- 0
- Location
- Violet, LA
- Founding
- 03/1999
- Data as of
- 12/2023
- 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 12/2023, Arlene And Joseph Meraux Charitable Foundation generated $4.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $5.7m during the year ending 12/2023. While expenses have increased by 2.4% 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 2016, Arlene And Joseph Meraux Charitable Foundation has awarded 371 individual grants totaling $14,378,646. 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
2023
Describe the Organization's Program Activity:
PART IX-A, LINE 1DOCVILLE FARM AND ART PROJECT 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 THE YEAR, DOCVILLE FARM ALSO SERVES AS A BASE OF OPERATIONS FOR THE MERAUX FOUNDATION'S CHARITABLE PROGRAMS AND INITIATIVES.THE ST. CLAUDE ART PARK AND THE ARTIFY ARTIST CENTER PROGRAM WERE IMPLEMENTED BY THE FOUNDATION TO ENHANCE THE ARTS IN ST. BERNARD PARISH AND DEDICATED TO THE DEVELOPMENT, SUPPORT, AND ENHANCEMENT OF THE ARTS. THE PROGRAM'S GOAL IS TO MAGNIFY THE PRODUCTION, VIEWING, AND EDUCATIONAL ASPECTS OF CREATIVE ARTS IN THE AREA AND TO ENHANCE CREATIVE ENDEAVORS BY PROVIDING A PLACE FOR ARTISTS TO GATHER AND SHOW THEIR WORKS TO HOLD PUBLIC ART DEMONSTRATIONS AND CONCERTS WITH EDUCATIONAL, LITERARY, AND ARTISTIC USE; AND TO BEAUTIFY THE PARISH.
PART IX-A, LINE 2COMMUNITY CONTRIBUTION:THE MERAUX FOUNDATION DONATED $2,416,786 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 President/chairwoman | 35 | $150,000 | |
Floyd Gue Senior Vice-President | 35 | $125,000 | |
Sidney D Torres III Secretary | 25 | $0 | |
Erica Beck Recording Secretary | 25 | $0 | |
William Haines Vice-President | 40 | $125,414 | |
Christopher Haines Treasurer | 40 | $125,414 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Erica N Beck | 12/30/23 | $91,000 |
Law Offices Of Sidney D Torres Iii | 12/30/23 | $180,000 |
Ragusa Consulting | 12/30/23 | $67,000 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $33,084 |
| Dividends & Interest | $1,386,407 |
| Net Rental Income | $1,598,703 |
| Net Gain on Sale of Assets | $1,228,559 |
| Capital Gain Net Income | $1,228,559 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $419,967 |
| Total Revenue | $4,666,720 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $525,828 |
| Other employee salaries and wages | $358,913 |
| Pension plans, employee benefits | $48,053 |
| Interest | $0 |
| Taxes | $289,627 |
| Depreciation | $226,343 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $1,070 |
| Printing and publications | $0 |
| Other expenses | $1,117,769 |
| Total operating and administrative expenses | $3,123,586 |
| Contributions, gifts, grants paid | $2,598,286 |
| Total expenses and disbursements | $5,721,872 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $1,599,715 |
| Net Accounts receivable | $767,714 |
| 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 | $6,437,922 |
| Investments—mortgage loans | $0 |
| Investments—other | $14,557,782 |
| Net Land, buildings, and equipment | $10,282,830 |
| Other assets | $438,138 |
| Total assets | $94,413,235 |
| 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 | $118,115 |
| Total liabilities | $225,986 |
Grants Awarded
Over the last fiscal year, Arlene And Joseph Meraux Charitable Foundation has awarded $2,598,286 in support to 58 organizations.
| Grant Recipient | Amount |
|---|---|
CASA NEW ORLEANS PURPOSE: DONATION | $50,000 |
CHALMETTE HIGH SCHOOL PURPOSE: SUPPORT THE PERFORMING ARTS ACADEMY | $7,318 |
CHILDREN'S HOSPITAL PURPOSE: DONATION | $5,000 |
LOS ISLENOS HERITAGE & CULTURAL SOCIETY PURPOSE: DONATION | $11,000 |
GOAT IN THE ROAD PRODUCTIONS PURPOSE: DONATION | $57,099 |
CHALMETTE TRACK CLUB PURPOSE: DONATION | $2,500 |