Harry A Merlo Foundation Inc
- Assets
- $34.9m
- Revenue
- $1.4m
- Investments
- $22.0m
- Employees
- 0
- Location
- Hillsboro, OR
- Founding
- 04/1989
- Data as of
- 12/2022
- 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 12/2022, Harry A Merlo Foundation Inc generated $1.4m in total revenue. This represents relatively stable growth, over the past 4 years the organization has increased revenue by an average of 9.3% each year. All expenses for the organization totaled $1.8m during the year ending 12/2022. While expenses have increased by 7.1% 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 92 individual grants totaling $2,960,898. 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 |
|---|---|---|---|
Florence Newton Director/trustee | 3 | $0 | |
Harry A Merlo Jr Director/trustee | 1 | $0 | |
John L Blackwell Director/trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Contributions, Gifts, Grants & Similar | $160 |
| Interest on Savings | $16,596 |
| Dividends & Interest | $611,009 |
| Net Rental Income | $50,320 |
| Net Gain on Sale of Assets | $680,925 |
| Capital Gain Net Income | $680,925 |
| Net ST Capital Gain | $0 |
| Income Modifications | $0 |
| Profit on Inventory Sales | $0 |
| Other Income | $12,985 |
| Total Revenue | $1,371,995 |
| Statement of Expenses | |
|---|---|
| Compensation of officers, directors, trustees, etc | $0 |
| Other employee salaries and wages | $66,017 |
| Pension plans, employee benefits | $8,685 |
| Interest | $33 |
| Taxes | $57,337 |
| Depreciation | $0 |
| Occupancy | $0 |
| Travel, conferences, and meetings | $871 |
| Printing and publications | $0 |
| Other expenses | $375,404 |
| Total operating and administrative expenses | $614,424 |
| Contributions, gifts, grants paid | $1,207,500 |
| Total expenses and disbursements | $1,821,924 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $500 |
| Savings and temporary cash investments | $1,348,894 |
| 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 | $899,371 |
| Investments—other | $6,756,504 |
| Net Land, buildings, and equipment | $11,448,100 |
| Other assets | $119,108 |
| Total assets | $34,872,844 |
| 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 $1,207,500 in support to 31 organizations.
| Grant Recipient | Amount |
|---|---|
CALIFORNIA WATER FOWL PURPOSE: CONSERVATION PROGRAM | $100,000 |
BODY VOX PURPOSE: GENERAL PROGRAM SUPPORT | $25,000 |
ARLINGTON CLUB HERITAGE FOUNDATION PURPOSE: CAPITAL IMPROVEMENT GRANTCAPITAL IMPROVEMENT GRANTCAPITAL IMPROVEMENT PROJECT | $5,000 |
CATHOLIC CHARITIES PURPOSE: COMMUNITY HOUSING PROJECTS | $125,000 |
DE LA SALLE NORTH CATHOLIC PURPOSE: GYMNASIUM CONSTRUCTION 2020-2022 PLEDGE | $100,000 |
CENTER FOR HOPE AND SAFETY PURPOSE: PROGRAM SUPPORT | $20,000 |