Overview
What is Give Merit?
Give Merit is a nonprofit organization situated in Detroit, Michigan, with the address 10100 GRAND RIVER, 48204. Its primary mission is to augment and extend educational opportunities for underserved youth by employing innovative enrichment, mentorship, and athletic activities. The Fate Program, one of their initiatives, engaged around 150 high school and college-age students, in addition to over 90 mentors from the University of Michigan and the working professional community. This program focused on developing entrepreneurship, business, design thinking, and problem-solving skills through capstone projects. Alumni students engaged in virtual workshops and in-person summits for further personal and professional growth. With a team of 11 dedicated individuals, Give Merit strives to make a positive impact on the lives of young individuals by providing them with enriching experiences.
Official website here: www.givemerit.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 73%, earning it a Two-Star out of Four Star rating.
Give Merit received a Two-Star rating from Charity Navigator, indicating room for improvement in its accountability and financial practices. While the organization scored well in several areas, including having an independent board and a high program expense ratio, certain governance aspects, such as its whistleblower policy and document retention practices, raised concerns.
The organization has demonstrated strong financial stewardship with a very low liabilities to assets ratio and a commendable focus on program expenses, suggesting that a significant portion of its funds is directed toward its mission. However, the lack of a whistleblower policy and inadequate document retention and destruction measures may suggest potential vulnerabilities in organizational governance.
Overall, while Give Merit shows strengths in board independence and financial management, the identified gaps in governance policies highlight the need for enhancing internal controls and compliance measures to better safeguard donor interests and ensure effective operation.
This AI summary has been generated from information found on Charity Navigator.
Is Give Merit legitimate?
Give Merit is a legitimate nonprofit organization registered as a 501(c)(3) entity. Give Merit 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: $1,346,108
For more financial information, click here
Official website here: www.givemerit.org
What is the mission statement of Give Merit?
Give Merit is an organization dedicated to enhancing and extending educational opportunities for underserved youth. It achieves this goal through innovative enrichment, mentorship, and athletic activities. The organization's program, FATE, worked with approximately 150 high school and college-age students, as well as over 90 mentors from the University of Michigan and the working professional community. These students were guided towards a capstone project, developing skills in entrepreneurship, business, design thinking, and problem-solving. Alumni students furthered their personal and professional development through virtual workshops and in-person summits.
Official website here: www.givemerit.org
What is the revenue of Give Merit?
Give Merit's revenue in 2024 was $3,141,177.
Official website here: www.givemerit.org
Who are the executives of Give Merit and what are their salaries?
The average compensation at Give Merit during 2024 was $70,848. There are 19 employees and 100 volunteers at Give Merit.
Here are 9 key members and their salaries:
- Compensation: $180,000
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Official website here: www.givemerit.org
Where can I find the form 990 for Give Merit?
Give Merit's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.givemerit.org
Learn more at the official website: www.givemerit.org
Mission Statement of Give Merit
Give Merit, a nonprofit organization, is dedicated to enhancing and extending educational opportunities for underserved youth. They achieve this mission through innovative enrichment, mentorship, and athletic activities. The organization's primary goal is to empower these youth, equipping them with essential skills for entrepreneurship, business, design thinking, and problem-solving.
Give Merit's approach involves engaging high school and college-aged students in a structured program. This program, known as FATE, worked with approximately 150 students, partnering with mentors from the University of Michigan and the working professional community. Each grade level was tasked with a capstone project, providing a hands-on learning experience that fostered personal and professional development.
Alumni students further extended their learning through virtual workshops and in-person summits. This comprehensive approach not only equips the youth with necessary skills but also provides a supportive network of mentors and peers. By investing in these young individuals, Give Merit is making a significant impact in their lives, ensuring they have the tools they need to succeed in their future endeavors.
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Impact
July, 2024
Give Merit's impact is seen in the lives of underserved youth in Detroit, MI, who have benefited from enhanced educational opportunities through innovative enrichment, mentorship, and athletic activities. The organization's FATE program has successfully engaged approximately 150 high school and college-age students, along with over 90 mentors from the University of Michigan and the working professional community. Through capstone projects focused on entrepreneurship, business, design thinking, and problem-solving, students have gained valuable skills and experiences. Alumni students continue to benefit from virtual workshops and in-person summits, furthering their personal and professional development. The organization's work plays a crucial role in empowering youth and providing them with the tools to succeed, ultimately making a positive impact on the community.
This information is meant to be a general summary of Give Merit. 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 2024.
- Investment Income: $7,718
- Program Service Revenue: $3,500
- Gross Receipts: $3,141,177
Assets and Liabilities:
- Total Assets: $2,617,366
- Total Liabilities: $62,844
- Net Assets: $2,554,522
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEES
Revenue
$3,500
Organization Details
Founding Year
2011
Principal Officer
David Merritt
Website
www.givemerit.orgNTEE Category
Code: I21 - Crime
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