Overview
What is Merrick Foundation Inc?
Merrick Foundation Inc, situated in Central City, Nebraska, serves as a charitable organization that aims to enhance the lives of individuals, groups, and communities within Merrick County. Established with a mission to direct charitable funds, the foundation offers grants, awards, and scholarships to maximize their benefits for the local population. Acting as a vital resource, the foundation accepts applications from potential recipients, working to improve the overall quality of life in Merrick County. With a modest workforce of four dedicated individuals, Merrick Foundation Inc continues its mission to foster positive change in the community.
Official website here: www.merrick-foundation.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96%
Merrick Foundation Inc has achieved a high rating of 96%, which corresponds to a Four-Star out of Four Star rating on Charity Navigator. This score underscores the organization’s strong performance in accountability and finance, reflecting effective financial management and governance practices. All of the charity’s score is derived from its accountability and finance metrics, indicating a focused approach to transparency and responsible financial practices.
The organization demonstrates exemplary governance with 100% of its board members being independent. It boasts a robust audit and oversight committee and adheres to comprehensive policies, including conflict of interest and whistleblower protections. Additionally, the foundation has maintained a healthy liabilities to assets ratio of 14.97%, showcasing its financial stability.
Merrick Foundation has a program expense ratio of 73.06%, indicating that a significant portion of its funds is dedicated to its programs rather than administrative costs. This commitment to programmatic spending reflects the foundation's dedication to its mission, though it’s important for potential donors to consider other aspects of its impact and effectiveness. Overall, the foundation stands out as a responsible and well-managed nonprofit.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about Merrick Foundation Inc?
100% of 5 reviewers on Facebook recommend the Merrick Foundation Inc. Here is a summary of their reviews:
The foundation is praised for its role as a venue for events, with one user highlighting it as the perfect location for a family birthday celebration. They appreciated the spaciousness and the well-equipped kitchen, which contributed to a positive event experience. The reviewer expressed enthusiasm about hosting another event at the venue in the future, indicating strong satisfaction with the service provided.
Overall, the sentiment towards the Merrick Foundation is extremely positive, with users appreciating the unique facilities for hosting events and expressing intent to return for future gatherings.
This AI summary has been generated from reviews found on Facebook.
Is Merrick Foundation Inc legitimate?
Merrick Foundation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Merrick Foundation 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: $87,536
Professional Fundraising Fees: $0
Other Salaries and Wages: $55,059
For more financial information, click here
Official website here: www.merrick-foundation.org
What is the mission statement of Merrick Foundation Inc?
The Merrick Foundation Inc's mission is centered around enhancing the quality of life in various sectors. They achieve this by strategically distributing charitable funds, aiming to maximize their benefits. This organization accepts grant applications from individuals, groups, and communities within its jurisdiction, with the goal of making a significant impact on their lives. The foundation's primary objective is to contribute to the betterment of these communities, striving for the greatest possible positive impact with its charitable donations.
Official website here: www.merrick-foundation.org
What is the revenue of Merrick Foundation Inc?
Merrick Foundation Inc's revenue in 2024 was $1,172,780.
Official website here: www.merrick-foundation.org
Who are the executives of Merrick Foundation Inc and what are their salaries?
The average compensation at Merrick Foundation Inc during 2024 was $35,649. There are 4 employees and 15 volunteers at Merrick Foundation Inc.
Here are 17 key members and their salaries:
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Official website here: www.merrick-foundation.org
Where can I find the form 990 for Merrick Foundation Inc?
Merrick Foundation Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.merrick-foundation.org
Learn more at the official website: www.merrick-foundation.org
Mission Statement of Merrick Foundation Inc
Merrick Foundation Inc, a charitable organization, is committed to enhancing the quality of life in its community. To achieve this goal, the foundation directs its charitable funds in a manner that maximizes its benefits. Its mission is not just about dispensing funds, but rather, it's about making a significant impact in the lives of individuals, groups, and communities within its jurisdiction. The foundation encourages applications for grants, awards, and scholarships from eligible entities, aiming to contribute positively to the community's overall well-being.
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Impact
July, 2024
Merrick Foundation Inc has had a significant impact on improving the quality of life in Merrick County. By directing charitable funds to achieve maximum benefits, the foundation has supported individuals, groups, and communities in Merrick County, Nebraska. Through grants, awards, and scholarships, Merrick Foundation Inc has contributed to the betterment of the community in Central City, Nebraska. Its mission to improve the quality of life through philanthropy has made a positive difference in the lives of many in Merrick County.
This information is meant to be a general summary of Merrick Foundation 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 2024.
- Investment Income: $380,536
- Program Service Revenue: $34,600
- Gross Receipts: $2,104,119
Assets and Liabilities:
- Total Assets: $16,445,737
- Total Liabilities: $3,013,807
- Net Assets: $13,431,930
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MANAGEMENT FEES
Revenue
$34,600
Organization Details
Founding Year
1960
Principal Officer
Kristin Hermansen-Ryan
Website
www.merrick-foundation.orgNTEE Category
Code: T31 - Philanthropy
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