Merritt Charitable Fund Inc
- Assets
- $1.7m
- Revenue
- $3.6k
- Investments
- $1.3m
- Employees
- 0
- Location
- Miami Beach, FL
- Founding
- 11/2018
- Data as of
- 12/2022
- EIN
- 82-3462210
Organization Overview
Merritt Charitable Fund Inc is located in Miami Beach, FL. The organization was established in 2018. 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. Merritt Charitable Fund Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Since 2020, Merritt Charitable Fund Inc has awarded 43 individual grants totaling $427,094. 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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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Teresa Merritt President | 1 | $0 | |
Christin Soly Vice President | 1 | $0 | |
David M Klaassen Treasurer | 1 | $0 | |
Lindsey Klaassen Secretary | 1 | $0 | |
Martha Haverkamp Board Member | 1 | $0 | |
Barbara Jane Merritt Board Member | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $0 |
| Interest on Savings | $0 |
| Dividends & Interest | $21,930 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | -$18,294 |
| Capital Gain Net Income | $0 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $3,636 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $400 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $0 |
| Total operating and administrative expenses | $17,868 |
| Contributions, gifts, grants paid | $151,553 |
| Total expenses and disbursements | $169,421 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $84,159 |
| Savings and temporary cash investments | $243,852 |
| 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 | $1,652,795 |
| 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, Merritt Charitable Fund Inc has awarded $151,553 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
FACETS CARES INC PURPOSE: TO HELP THOSE IN POVERTY IN FAIRFAX VA | $10,000 |
THE WOMENS FOUNDATION PURPOSE: TO EDUCATE AND EMPOWER WOMEN AND GIRLS TO BE LEADERS | $5,000 |
THRIVE FOR LIFE PRISON PROJECT INC PURPOSE: TO CREATE OPPORTUNITIES FOR INCARCERATED | $25,000 |
MIRIAM S KITCHEN WASHINGTON PURPOSE: TO FEED THE HOMELESS IN DC | $10,249 |
GIVE NOW FAIRFAX PURPOSE: TO FEED THE HOMELESS IN FAIRFAX | $5,155 |
MIAMI BRIDGE YOUTH AND FAMILY SERVICES PURPOSE: TO PROMOTE POSITIVE YOUTH DEVELOPMENT | $10,450 |