Overview
What is Merakey Foundation?
The Merakey Foundation is a philanthropic entity committed to aligning donor generosity with Merakey's mission of whole-person care across the United States. Established in 1999, the foundation has raised substantial funds through various means for Merakey programs. Over the past year, Merakey Foundation distributed over $250,000 in impact grants, funded a STEM education resource center for autism schools, supported housing for adults in addiction recovery, and sponsored specialized summer programs for children with autism. With a strong emphasis on core values like compassion, diversity, and quality, the foundation has also organized initiatives such as a holiday toy drive for foster care families and scholarships for adults in recovery.
Official website here: www.merakey.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 56% (One-Star out of Four Stars)
The Merakey Foundation has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial accountability and transparency. While the organization boasts a strong governance structure, with a majority of its board members being independent and high scores in areas like audit and oversight, it falls short in critical financial metrics.
The organization’s financial statements reveal a low program expense ratio of 33.63%, suggesting that a substantial portion of its funding may not be directed towards its intended programs. Additionally, the liabilities to assets ratio stands at 0.50%, raising red flags about its financial health. While it has appropriately implemented policies regarding conflict of interest and whistleblower protections, the absence of its tax forms on the nonprofit's website is a significant limitation that affects transparency.
Overall, while Merakey Foundation demonstrates sound governance practices, the concerning financial metrics and lack of accessible documentation undermine its credibility and effectiveness as a nonprofit organization. Potential donors and stakeholders may want to consider these factors carefully before engaging with the foundation.
This AI summary has been generated from information found on Charity Navigator.
Is Merakey Foundation legitimate?
Merakey Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Merakey Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $266,584
For more financial information, click here
Official website here: www.merakey.org
What is the mission statement of Merakey Foundation?
The Merakey Foundation's mission is centered around fundraising events and soliciting donations to support the operations of its affiliated programs. This philanthropic entity aims to align donor generosity with Merakey's commitment to holistic care, having raised substantial funds through various means since its establishment in 1999. The foundation has supported various initiatives, such as impact grants, therapeutic programs for adults with mental health concerns, STEM education resources for autism schools, safe housing for those in addiction recovery, and specialized summer programs for children on the autism spectrum. The Merakey Foundation's activities are grounded in Merakey's purpose, vision, and core values, including compassion, diversity, integrity, safety, trust, and quality.
Official website here: www.merakey.org
Who is the CEO of Merakey Foundation?
Joseph Martz is the President/Ceo of Merakey Foundation. The CEO's salary of Merakey Foundation is $0 and their total compensation is $1,132,565.
Official website here: www.merakey.org
What is the revenue of Merakey Foundation?
Merakey Foundation's revenue in 2022 was $2,368,303.
Official website here: www.merakey.org
Who are the executives of Merakey Foundation and what are their salaries?
Here are 17 key members and their salaries (Merakey Foundation's CEO's salary is $0 and their total compensation is $1,132,565):
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- Related: $1,092,746
- Other: $39,819
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Official website here: www.merakey.org
Where can I find the form 990 for Merakey Foundation?
Merakey Foundation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.merakey.org
Learn more at the official website: www.merakey.org
Mission Statement of Merakey Foundation
The Merakey Foundation, a philanthropic entity, is dedicated to mobilizing donor generosity in alignment with Merakey's commitment to comprehensive care. Its primary mission is to raise funds through various events and solicit donations, which subsequently support the operations of its affiliated programs across the United States. By carrying out this mission, the Merakey Foundation has amassed substantial financial contributions through grants, fundraising events, and private donations, significantly contributing to Merakey's initiatives.
The Merakey Foundation's activities are grounded in Merakey's core values, which include compassion, diversity, integrity, safety, trust, and quality. This organization has demonstrated its commitment to these values by supporting various programs, such as therapeutic programs for adults with mental health concerns, STEM education resources for autism schools, safe housing for individuals in addiction recovery, and specialized summer programs for children on the autism spectrum. In addition, the foundation has also funded projects that invest in innovative ideas and scalable solutions that support Merakey's strategic initiatives.
In summary, the Merakey Foundation serves as a vital source of funding for Merakey's affiliates, ensuring the continuation and expansion of its programs that cater to diverse populations with various needs. By aligning donor generosity with Merakey's commitment to whole-person care, the Merakey Foundation has made significant strides in supporting its mission, contributing to the well-being and improvement of numerous communities across the United States.
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Impact
October, 2024
Merakey Foundation significantly impacts the communities it serves through its dedicated fundraising efforts and targeted grants. Since its inception in 1999, the foundation has raised millions to support essential programs across various service lines. In the past year alone, it distributed over $250,000 in impact grants, enhancing therapeutic programs for adults with mental and behavioral health challenges, providing STEM education resources for autism schools, and ensuring safe housing for individuals in addiction recovery who are facing homelessness.
Notable initiatives include a holiday toy drive that benefited 200 children in foster care, showcasing a commitment to supporting vulnerable families during critical times. Additionally, partnerships facilitated the distribution of winter clothing to families in need, significantly affecting children in the Kensington area of Philadelphia.
The foundation also played a crucial role in expanding access to summer education through its program at its education center in Mt. Pleasant, enabling children and adolescents with special needs to participate in an engaging camp experience. Furthermore, the establishment of a specialized STEAM classroom at the Merakey Autism Center demonstrates a critical investment in innovative education tailored for children with autism spectrum disorder, marking a pioneering step in creating a bespoke curriculum.
Support for the Veterans Fresh Start Program has enabled resources for those facing homelessness and addiction, helping them establish sustainable living situations. Impact grants specifically targeting the adult behavioral health division have funded transformative projects across multiple locations, showcasing a commitment to scalable solutions that address pressing community issues.
The foundation’s ongoing commitment includes funding scholarship beds for adults in recovery and ensuring access to specialized equipment for individuals with intellectual and developmental disabilities. This holistic approach underscores Merakey Foundation's mission to align donor generosity with a steadfast commitment to whole-person care.
This information is meant to be a general summary of Merakey Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $942,385
- Gross Receipts: $2,461,930
Assets and Liabilities:
- Total Assets: $9,364,221
- Total Liabilities: $116,881
- Net Assets: $9,247,340
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Organization Details
Founding Year
1999
Phone
(610) 260-4600Principal Officer
Joseph Martz
Main Address
620 E GERMANTOWN PIKE, LAFAYETTE HILL, PA, 19444
Website
www.merakey.orgNTEE Category
Code: E60 - Health
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