Carol L Merlone Educational Foundation
- Assets
- $3.1m
- Revenue
- $848.3k
- Investments
- $3.1m
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 11/2019
- Data as of
- 12/2021
- EIN
- 84-3123464
Organization Overview
Carol L Merlone Educational Foundation is located in San Francisco, CA. The organization was established in 2019. According to its NTEE Classification (B40) the organization is classified as: Higher Education, under the broad grouping of Education and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Carol L Merlone Educational 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, Carol L Merlone Educational Foundation generated $848.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 3 years, the organization has seen revenues fall by an average of (6.6%) each year. All expenses for the organization totaled $377.1k during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Carol L Merlone Educational Foundation has awarded 18 individual grants totaling $466,448. 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 |
|---|---|---|---|
Kristen L Merlone President/director | 1 | $0 | |
Juliana M Carlson Director | 0.5 | $0 | |
Kathryn M Golueke Director | 1 | $0 | |
Joseph Merlone Director | 0.5 | $0 | |
Gina M Marek Director | 0.5 | $0 | |
Michael Merlone Director | 0.5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $522,290 |
| Interest on Savings | $0 |
| Dividends & Interest | $70,005 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $256,016 |
| Capital Gain Net Income | $797,345 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $848,311 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $2,350 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $170 |
| Total operating and administrative expenses | $6,505 |
| Contributions, gifts, grants paid | $370,614 |
| Total expenses and disbursements | $377,119 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $63,622 |
| 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 | $877,661 |
| Net Land, buildings, and equipment | $0 |
| Other assets | $0 |
| Total assets | $3,146,133 |
| 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, Carol L Merlone Educational Foundation has awarded $370,614 in support to 12 organizations.
| Grant Recipient | Amount |
|---|---|
SIGMA NU ALUMNI SCHOLARSHIP FUND PURPOSE: SCHOLARSHIP FUND | $185,616 |
UNIVERSITY OF CALIFORNIA LOS ANGELES PURPOSE: SCHOLARSHIP FUND | $71,666 |
N HOLLYWOOD HIGH SCHOOL PURPOSE: SCHOLARSHIP FUND | $50,000 |
WASHINGTON UNIVERSITY PURPOSE: SCHOLARSHIP FUND | $10,000 |
DUKE UNIVERSITY PURPOSE: SCHOLARSHIP FUND | $10,000 |
Washington, DC PURPOSE: SCHOLARSHIP FUND | $10,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Roseman University Of Health Sciences A Nevada Non-Profit Corp Henderson, NV | $331,227,679 | $100,313,649 |
Otis College Of Art And Design Los Angeles, CA | $107,442,066 | $65,971,720 |
Pacific Northwest College Of Art Portland, OR | $0 | $27,274,890 |
Southern California Institute Of Architecture Los Angeles, CA | $93,582,078 | $34,168,253 |
University Of The Nations Kona Inc Kailuakona, HI | $41,462,726 | $30,442,287 |
Laguna College Of Art And Design Laguna Beach, CA | $40,411,200 | $27,797,338 |
Alder Graduate School Of Education Redwood City, CA | $28,171,479 | $26,265,610 |
Brandman University Irvine, CA | $117,908,819 | $1,094,598 |
Associated Students Of The University Of Ca Santa Barbara Santa Barbara, CA | $8,921,011 | $13,694,895 |
San Francisco Art Institute San Francisco, CA | $51,051,251 | $7,740,556 |
Sierra Educational Advancement Corporation Valencia, CA | $2,438,956 | $5,700,199 |
Bethel School Of Technology Redding, CA | $1,032,039 | $5,145,995 |