Merkel Family Foundation
- Assets
- $3.2m
- Revenue
- $190.9k
- Investments
- $2.9m
- Employees
- 0
- Location
- Tulsa, OK
- Founding
- 05/1990
- Data as of
- 12/2022
- EIN
- 73-6248411
Organization Overview
Merkel Family Foundation is located in Tulsa, OK. The organization was established in 1990. 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. Merkel 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, Merkel Family Foundation generated $190.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (10.4%) each year. All expenses for the organization totaled $446.9k during the year ending 12/2022. As we would expect to see with falling revenues, expenses have declined by (4.8%) per year over the past 4 years. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Merkel Family Foundation has awarded 29 individual grants totaling $601,041. 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.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
John B Turner Trustee | 2 | $34,900 | |
Jon R Stuart Trustee | 2 | $34,900 | |
Bryant J Coffman Trustee | 2 | $34,900 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $117,223 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $73,682 |
| Capital Gain Net Income | $73,682 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $190,905 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $104,700 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $3,339 |
| Depreciation | $0 |
| Occupancy | $12,191 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $245,853 |
| Contributions, gifts, grants paid | $201,062 |
| Total expenses and disbursements | $446,915 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $240,201 |
| 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 | $3,500 |
| Net Investments - land, buildings, equipment | $0 |
| Investments—mortgage loans | $0 |
| Investments—other | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,186,146 |
| Accounts payable and accrued expenses | $0 |
| 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 | $0 |
Grants Awarded
Over the last fiscal year, Merkel Family Foundation has awarded $201,062 in support to 9 organizations.
| Grant Recipient | Amount |
|---|---|
HEART OF ROUTE 66 AUTO MUSEUM INC PURPOSE: GENERAL FUND | $15,000 |
THE SAN MIGUEL SCHOOL OF TULSA PURPOSE: GENERAL FUND | $5,000 |
OKLAHOMA STATE UNIVERSITY FOUNDATION PURPOSE: GENERAL FUND | $95,000 |
ORAL ROBERTS UNIVERSITY PURPOSE: GENERAL FUND | $20,000 |
THE UNIVERSITY OF OKLAHOMA FOUNDATION INC PURPOSE: GENERAL FUND | $10,000 |
THE CHURCH OF GOD INTERNATIONAL PURPOSE: GENERAL FUND | $23,562 |