Mereo Foundation
- Assets
- $141.4k
- Revenue
- $42.9k
- Investments
- $129.8k
- Employees
- 0
- Location
- Naperville, IL
- Founding
- Data as of
- 12/2022
- EIN
- 87-2797640
Organization Overview
Mereo Foundation is located in Naperville, IL. 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. Mereo 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, Mereo Foundation generated $42.9k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 2 years, the organization has seen revenues fall by an average of (37.3%) each year.
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Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $8,954 |
| Interest on Savings | $0 |
| Dividends & Interest | $2,917 |
| Net Rental Income | $0 |
| Net Gain on Sale of Assets | $31,005 |
| Capital Gain Net Income | $31,005 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $0 |
| Total Revenue | $42,876 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $0 |
| Pension plans, employee benefits | $0 |
| Interest | $0 |
| Taxes | $1,017 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $223 |
| Total operating and administrative expenses | $1,990 |
| Contributions, gifts, grants paid | $8,502 |
| Total expenses and disbursements | $10,492 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,145 |
| 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 | $475 |
| Total assets | $141,379 |
| 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, Mereo Foundation has awarded $8,502 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
FEEDING AMERICA PURPOSE: A NATIONWIDE NETWORK OF MORE THAN 200 FOOD BANKS THAT FEED MORE THAN 46 MILLION PEOPLE. | $1,000 |
FEED MY STARVING CHILDREN PURPOSE: NONPROFIT ORGANIZATION EMPOWERING VOLUNTEERS TO PACK MEALS FOR THE MALNOURISHED IN NEARLY 70 COUNTRIES. | $1,000 |
SVS BALAJI TEMPLE PURPOSE: SUPPORT BALAJI TEMPLE TO PROVIDE AUTHENTIC RELIGIOUS, CULTURAL, SPIRITUAL, EDUCATIONAL, AND COMMUNITY SERVICES. | $1,000 |
HINDU AMERICAN FOUNDATION PURPOSE: HAF FOCUSES ON EDUCATING THE PUBLIC ABOUT HINDUS AND HINDUISM AND ADVOCATING FOR POLICIES AND PRACTICES THAT ENSURE THE WELL-BEING OF ALL PEOPLE AND THE PLANET. | $1,001 |
DONORS CHOOSE EDUCATION PURPOSE: TO SUPPORT AN ORGANIZATION THAT IS COMMITTED TO COMBATING RACIAL AND SOCIO-ECONOMIC INEQUITY IN SCHOOL FUNDING. | $2,000 |
SELF REALIZATION FELLOWSHIP PURPOSE: TO DISSEMINATE AMONG THE NATIONS A KNOWLEDGE OF DEFINITE SCIENTIFIC TECHNIQUES FOR ATTAINING DIRECT PERSONAL EXPERIENCE OF GOD. | $1,000 |