Merton College
- Assets
- $526.5m
- Revenue
- $23.1m
- Investments
- $282.8m
- Employees
- 0
- Location
- Founding
- 11/1957
- Data as of
- 07/2024
- 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 07/2024, Merton College generated $23.1m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 5.4% each year. All expenses for the organization totaled $22.0m during the year ending 07/2024. While expenses have increased by 6.9% per year over the past 5 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2024
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 |
|---|---|---|---|
Jennifer Payne Professor | OfficerTrustee | 50 | $197,894 |
Charles Alan Heathcote Alexander Mr | OfficerTrustee | 50 | $189,760 |
John Stuart Gjers Gloag Mr | OfficerTrustee | 50 | $175,430 |
Mark Coote Mr | OfficerTrustee | 50 | $162,200 |
Julia Caroline Walworth Dr | OfficerTrustee | 50 | $150,420 |
Jane Charlotte Gover Dr | OfficerTrustee | 50 | $150,355 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Richard John Francis Ltd Construction | 7/30/24 | $1,367,961 |
Harrison Eastoff Construction | 7/30/24 | $1,211,394 |
Pinsent Masons Legal Services | 7/30/24 | $723,976 |
Aviva Health Uk Ltd Health Insurance | 7/30/24 | $562,244 |
Kingerlee Ltd Construction | 7/30/24 | $432,726 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $5,137 |
| All other contributions, gifts, grants, and similar amounts not included above | $824,456 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $829,593 |
| Total Program Service Revenue | $9,842,109 |
| Investment income | $4,042,662 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $5,045,622 |
| 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 | $23,127,158 |
| 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 | $1,379,231 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,308,600 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,538,755 |
| Pension plan accruals and contributions | $1,469,125 |
| Other employee benefits | $373,702 |
| Payroll taxes | $916,918 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $360,860 |
| Fees for services: Accounting | $34,673 |
| 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 | $333,892 |
| Information technology | $562,479 |
| Royalties | $0 |
| Occupancy | $5,728,816 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $84,757 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,449,862 |
| Insurance | $385,260 |
| All other expenses | $287,661 |
| Total functional expenses | $21,980,366 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $10,526,587 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $565,048 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $315,913 |
| Inventories for sale or use | $535,511 |
| Prepaid expenses and deferred charges | $1,497,377 |
| Net Land, buildings, and equipment | $21,180,310 |
| Investments—publicly traded securities | $209,044,644 |
| Investments—other securities | $282,829,640 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $526,495,030 |
| Accounts payable and accrued expenses | $3,120,606 |
| 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 | $0 |
| Total liabilities | $3,120,606 |
| 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 | $523,374,424 |
| Total liabilities and net assets/fund balances | $526,495,030 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|