Harry A Merlo Foundation Inc
- Assets
- $35.0m
- Revenue
- $1.7m
- Investments
- $23.0m
- Employees
- 0
- Location
- Hillsboro, OR
- Founding
- 04/1989
- Data as of
- 12/2021
- EIN
- 94-3086742
Organization Overview
Harry A Merlo Foundation Inc is located in Hillsboro, OR. The organization was established in 1989. 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. Harry A Merlo 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 12/2021, Harry A Merlo Foundation Inc generated $1.7m in total revenue. All expenses for the organization totaled $1.5m during the year ending 12/2021. While expenses have increased by 30.7% per year over the past 4 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2020, Harry A Merlo Foundation Inc has awarded 93 individual grants totaling $2,677,296. 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 |
|---|---|---|---|
Harry A Merlo Jr Director/trustee | 1 | $0 | |
John L Blackwell Director/trustee | 1 | $0 | |
Florence Newton Director/trustee | 3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $50,825 |
| Interest on Savings | $97 |
| Dividends & Interest | $634,797 |
| Net Rental Income | $44,277 |
| Net Gain on Sale of Assets | $908,155 |
| Capital Gain Net Income | $908,155 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $15,420 |
| Total Revenue | $1,653,571 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $65,759 |
| Pension plans, employee benefits | $8,611 |
| Interest | $0 |
| Taxes | $25,189 |
| Depreciation | $0 |
| Occupancy | $238 |
| Travel, conferences, and meetings | $0 |
| Printing and publications | $0 |
| Other expenses | $421,616 |
| Total operating and administrative expenses | $630,686 |
| Contributions, gifts, grants paid | $829,500 |
| Total expenses and disbursements | $1,460,186 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $1,504,824 |
| Net Accounts receivable | $0 |
| Net Pledges Receivable | $0 |
| Grants receivable | $0 |
| Receivables from Officers, Directors, or Controlling Persons | $38 |
| 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 | $947,367 |
| Investments—other | $8,296,597 |
| Net Land, buildings, and equipment | $10,433,100 |
| Other assets | $119,108 |
| Total assets | $35,048,089 |
| 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, Harry A Merlo Foundation Inc has awarded $829,500 in support to 29 organizations.
| Grant Recipient | Amount |
|---|---|
DE LA SALLE NORTH CATHOLIC PURPOSE: GYMNASIUM CONSTRUCTION 2020-2022 PLEDGE | $100,000 |
Los Angeles, CA PURPOSE: FACILITY CONSTRUCTION CAPITAL CAMPAIGN 2021-2024 PLEDGE | $100,000 |
EASTERN OREGON UNIVERSITY FOUNDATION PURPOSE: COLLEGE OF BUSINESS AGRICULTURE ENTREPRENEURSHIP PROGRAM SUPPORT FUND | $100,000 |
Portland, OR PURPOSE: COMMUNITY HOUSING PROJECTS | $75,000 |
Gresham, OR PURPOSE: CAPITAL PROJECT, PHASE II (CLUBHOUSE) 2019-2022 PLEDGE | $75,000 |
PROVIDENCE ST VINCENT HEART PROGRAM PURPOSE: HEART SERVICES CAPITAL 2019-2023 PLEDGE | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Wilburforce Foundation Seattle, WA | $159,747,435 | $25,133,506 |
Mimi And Peter Haas Fund San Francisco, CA | $0 | $22,825,724 |
William K Bowes Jr Foundation San Francisco, CA | $0 | $15,233,813 |
Collins Foundation Portland, OR | $249,591,840 | $5,256,313 |
Walter And Elise Haas Fund San Francisco, CA | $290,773,419 | $45,613,238 |
Lisa And Douglas Goldman Fund San Francisco, CA | $314,443,125 | $25,968,602 |
Wood-Claeyssens Foundation Santa Barbara, CA | $112,450,224 | $19,490,467 |
Islands Foundation Richland, WA | $219,157,832 | $26,464,404 |
Oscar T And Olivann Hokoldfoundation Lakewood, WA | $0 | $15,898,165 |
The Saban Family Foundation Los Angeles, CA | $4,126,107 | $4,076,196 |
California Winegrowers Foundation Napa, CA | $3,681,527 | $16,676,626 |
Multi-Union Security Trust Fund Glendale, CA | $14,944,884 | $16,888,135 |