Mer Foundation Inc
- Assets
- $344.4k
- Revenue
- $42.1k
- Investments
- $329.8k
- Employees
- 0
- Location
- Charlotte, NC
- Founding
- 12/2017
- Data as of
- 12/2023
- EIN
- 82-2429004
Organization Overview
Mer Foundation Inc is located in Charlotte, NC. The organization was established in 2017. According to its NTEE Classification (T12) the organization is classified as: Fund Raising & Fund Distribution, 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. Mer Foundation Inc 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, Mer Foundation Inc generated $42.1k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (15.4%) each year. All expenses for the organization totaled $58.6k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Mer Foundation Inc has awarded 14 individual grants totaling $213,326. 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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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $80 |
| Dividends & Interest | $24,676 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $17,360 |
| Capital Gain Net Income | $17,360 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,116 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $0 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $631 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $1,356 |
| Contributions, gifts, grants paid | $57,229 |
| Total expenses and disbursements | $58,585 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $14,592 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $344,414 |
| 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, Mer Foundation Inc has awarded $57,229 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
ROC CHARLOTTE PURPOSE: GENERAL FUND | $25,000 |
ANSWER SCHOLARSHIP PURPOSE: GENERAL FUND | $25,000 |
DONOR'S CHOOSE PURPOSE: GENERAL FUND | $3,729 |
WFAE PURPOSE: GENERAL FUND | $3,500 |