Overview
What is Merit Network Inc?
Merit Network Inc is a Michigan-based nonprofit organization located at 880 Technology Drive B in Ann Arbor. Their mission revolves around delivering advanced networking services to the research and educational community. Merit Network is recognized as a trusted source, offering high-quality network infrastructure and facilitating collaboration between various entities. By providing knowledge and technology transfer through outreach initiatives, Merit Network plays a pivotal role in enhancing the capabilities of the research and educational sector.
Official website here: www.merit.edu
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Merit Network Inc has earned a Three-Star rating from Charity Navigator, indicating a solid level of accountability and financial health. The rating is based entirely on their Accountability & Finance score, which reflects how well the organization manages its funds and maintains transparency. An overall score of 81% suggests that the organization is performing well in these key areas, demonstrating a commitment to responsible financial practices.
The organization has excelled in several specific metrics, achieving maximum points in areas such as financial statements, material diversion of assets, and the presence of essential policies like conflict of interest and whistleblower policies. With a program expense ratio of 93.45%, it shows a strong dedication to directing resources toward its programs rather than administrative costs, which is a positive indicator for potential donors.
While the rating is commendable, it is essential for stakeholders to consider that the score is solely based on financial accountability. Potential limitations include the lack of a broader assessment of program impact or effectiveness. Overall, Merit Network Inc demonstrates a solid foundation in financial management, which is crucial for building trust with donors and the communities it serves.
This AI summary has been generated from information found on Charity Navigator.
Is Merit Network Inc legitimate?
Merit Network Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Merit Network Inc 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: $1,530,123
Professional Fundraising Fees: $0
Other Salaries and Wages: $7,264,696
For more financial information, click here
Official website here: www.merit.edu
What is the mission statement of Merit Network Inc?
Merit Network Inc is dedicated to leading the way in advanced networking services for the research and education sector. Acting as a reliable resource, Merit provides top-tier network infrastructure and fosters collaboration within this community. Moreover, they facilitate knowledge and technology transfer through their outreach initiatives. In essence, Merit Network's mission revolves around empowering the research and education community with cutting-edge networking solutions.
Official website here: www.merit.edu
Who is the CEO of Merit Network Inc?
Joseph Sawasky is the President/Ceo of Merit Network Inc. The CEO's salary of Merit Network Inc is $0 and their total compensation is $397,955.
Official website here: www.merit.edu
What is the revenue of Merit Network Inc?
Merit Network Inc's revenue in 2022 was $33,834,611.
Official website here: www.merit.edu
Who are the executives of Merit Network Inc and what are their salaries?
Here are 24 key members and their salaries (Merit Network Inc's CEO's salary is $0 and their total compensation is $397,955):
- Compensation: $0
- Related: $110,405
- Other: $32,017
- Compensation: $0
- Related: $173,227
- Other: $50,236
- Compensation: $0
- Related: $156,674
- Other: $45,435
- Compensation: $0
- Related: $270,375
- Other: $78,409
- Compensation: $0
- Related: $80,000
- Other: $23,200
- Compensation: $0
- Related: $212,237
- Other: $61,549
- Compensation: $0
- Related: $204,457
- Other: $59,293
- Compensation: $0
- Related: $239,846
- Other: $69,555
- Compensation: $0
- Related: $200,940
- Other: $58,273
- Compensation: $0
- Related: $221,813
- Other: $64,326
- Compensation: $0
- Related: $240,000
- Other: $69,600
- Compensation: $0
- Related: $172,508
- Other: $50,027
- Compensation: $0
- Related: $291,056
- Other: $106,899
- Compensation: $0
- Related: $202,406
- Other: $46,597
- Compensation: $0
- Related: $110,567
- Other: $39,373
- Compensation: $0
- Related: $207,760
- Other: $53,539
- Compensation: $0
- Related: $179,587
- Other: $51,335
- Compensation: $0
- Related: $189,989
- Other: $52,045
- Compensation: $0
- Related: $161,360
- Other: $50,913
- Compensation: $0
- Related: $117,091
- Other: $41,515
- Compensation: $0
- Related: $137,334
- Other: $45,817
- Compensation: $0
- Related: $133,151
- Other: $48,120
- Compensation: $0
- Related: $126,472
- Other: $78,108
- Compensation: $0
- Related: $139,360
- Other: $38,987
Official website here: www.merit.edu
Where can I find the form 990 for Merit Network Inc?
Merit Network Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.merit.edu
Learn more at the official website: www.merit.edu
Mission Statement of Merit Network Inc
Merit Network Inc, a respected leader in the field, is dedicated to delivering advanced networking services to the research and education community. With a focus on trust and reliability, Merit provides top-notch network infrastructure that caters specifically to the unique needs of this sector.
Merit's mission extends beyond just offering high-quality connectivity. The organization also plays a pivotal role in fostering collaboration and knowledge transfer within the research and education community. By facilitating partnerships, Merit contributes to the advancement of various research projects and academic pursuits.
Moreover, Merit Network recognizes the importance of outreach in driving innovation and progress. By providing knowledge and technology transfer opportunities, Merit ensures that the most cutting-edge technologies and resources are accessible to researchers and educators. This commitment to outreach strengthens the research and education community and propels it forward.
In summary, Merit Network Inc is more than just a provider of high-speed internet services. It is a trusted source that connects, facilitates, and drives collaboration and innovation within the research and education sector. Through its advanced networking services, Merit empowers researchers and educators to achieve their goals and make significant strides in their respective fields.
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Impact
October, 2024
Merit Network Inc plays a pivotal role in enhancing the research and education landscape through its advanced networking services. By providing high-speed internet connectivity and comprehensive networking infrastructure, Merit supports institutions in achieving their academic and research goals. The organization fosters collaboration among various educational entities, enabling the sharing of resources and knowledge that drives innovation.
Merit's commitment to technology transfer and outreach further amplifies its impact, equipping the research and educational community with the tools and expertise needed to thrive in an increasingly digital world. By acting as a trusted facilitator for high-quality services and collaborative initiatives, Merit Network Inc significantly contributes to the advancement of education and research, ultimately benefiting society at large.
This information is meant to be a general summary of Merit Network Inc. 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: $5,795,921
- Program Service Revenue: $27,746,481
- Gross Receipts: $33,834,611
Assets and Liabilities:
- Total Assets: $197,507,499
- Total Liabilities: $16,513,982
- Net Assets: $180,993,517
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Community Services
Revenue
$19,990,897
Membership Fees
Revenue
$6,093,149
Global Routing Service
Revenue
$1,662,435
Organization Details
Founding Year
1966
Phone
(734) 527-5700Principal Officer
Joseph Sawasky
Main Address
880 Technology Drive B, Ann Arbor, MI, 48108
Website
www.merit.eduNTEE Category
Code: W50 - Public benefit
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