Merton College
- Assets
- $449.2m
- Revenue
- $18.4m
- Investments
- $237.3m
- Employees
- 0
- Location
- Founding
- 11/1957
- Data as of
- 07/2022
- EIN
- 98-6001339
Organization Overview
Merton College is located in null. The organization was established in 1957. According to its NTEE Classification (B42) the organization is classified as: Undergraduate Colleges, 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. Merton College 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 07/2022, Merton College generated $18.4m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.3%) each year. All expenses for the organization totaled $18.9m during the year ending 07/2022. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
RESIDENTIAL HIGHER EDUCATION COLLEGE SUPPORTING TEACHING AND RESEARCH PROGRAMMES
Describe the Organization's Program Activity:
Part 3 - Line 4a
TEACHING AND RESEARCH PROGRAMMES
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Irene Mary Tracey Professor | OfficerTrustee | 50 | $198,918 |
Charles Alan Heathcote Alexander Mr | OfficerTrustee | 50 | $161,095 |
John Stuart Gjers Gloag Mr | OfficerTrustee | 50 | $161,030 |
Mark Coote Mr | OfficerTrustee | 50 | $147,745 |
Julia Caroline Walworth Dr | OfficerTrustee | 50 | $137,819 |
Timothy John Lightfoot Mr | OfficerTrustee | 50 | $135,585 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aviva Health Uk Ltd Health Insurance | 7/30/22 | $336,440 |
Philip Dennis Foodservice Limited Food Wholesaler | 7/30/22 | $262,387 |
Qolcom Limited It Hardware And Support | 7/30/22 | $236,311 |
York Glaziers' Trust (The) Stained Glass Conservation | 7/30/22 | $184,280 |
Savills (Uk) Limited Chartered Surveyors | 7/30/22 | $182,502 |
View All Vendors
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $29,226 |
| All other contributions, gifts, grants, and similar amounts not included above | $355,586 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $384,812 |
| Total Program Service Revenue | $7,433,207 |
| Investment income | $1,411,384 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $4,330,354 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,363,821 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $1,060,669 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,194,982 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $6,560,923 |
| Pension plan accruals and contributions | $2,815,018 |
| Other employee benefits | $301,728 |
| Payroll taxes | $788,619 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $286,174 |
| Fees for services: Accounting | $29,226 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $297,133 |
| Information technology | $331,231 |
| Royalties | $0 |
| Occupancy | $2,444,044 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $51,146 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,411,384 |
| Insurance | $265,472 |
| All other expenses | $43,839 |
| Total functional expenses | $18,859,449 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $11,084,052 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $669,768 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $13,395 |
| Inventories for sale or use | $501,717 |
| Prepaid expenses and deferred charges | $1,083,806 |
| Net Land, buildings, and equipment | $20,296,406 |
| Investments—publicly traded securities | $178,300,766 |
| Investments—other securities | $237,269,576 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $449,219,486 |
| Accounts payable and accrued expenses | $2,795,977 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,775,056 |
| Total liabilities | $6,571,033 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $442,648,453 |
| Total liabilities and net assets/fund balances | $449,219,486 |
Endowment Analysis
| Beg. Balance | $436,201,172 |
| Earnings | -$14,511,585 |
| Admin Expense | $2,502,497 |
| Net Contributions | $1,938,674 |
| Other Expense | $8,799,534 |
| Grants | $1,752,357 |
| Ending Balance | $410,573,873 |
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