Overview
What is Meritan Inc?
Meritan Inc, a nonprofit organization based in Memphis, Tennessee, specializes in providing foster care homes for emotionally and physically fragile children and infants. Most of these children come from abusive backgrounds. Their Therapeutic Foster Care Program aims to offer safe, nurturing environments that help improve the overall well-being of these vulnerable children. With a mission to promote independence throughout various life stages, Meritan strives to provide quality care with compassion. Currently, the organization employs a team of 317 individuals dedicated to making a difference in the lives of these children.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 79% (Three-Star out of Four Stars)
Meritan Inc has received a Three-Star rating from Charity Navigator, indicating a solid performance in Accountability & Finance with a score of 79%. This rating reflects the organization's strong governance structure, featuring a fully independent board and comprehensive policies that ensure ethical management. The charity's financial practices, including a high program expense ratio of 95.71%, demonstrate a commitment to allocating resources effectively towards its mission.
Strengths highlighted in the analysis include the charity's complete independence among board members and the presence of rigorous oversight through an Audit and Oversight Committee. The organization also adheres to best practices with policies on conflict of interest, whistleblowing, and document retention, contributing to its high accountability standards. The absence of material asset diversion further underscores the integrity of the financial operations.
While the rating focuses solely on the Accountability & Finance beacon, it is essential to consider that it does not encompass programmatic effectiveness or impact, which are also critical in evaluating a nonprofit's overall performance. Prospective donors and supporters may want to research additional qualitative factors to gain a comprehensive understanding of Meritan Inc's reach and effectiveness in its philanthropic efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Meritan Inc legitimate?
Meritan Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Meritan 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: $710,116
Professional Fundraising Fees: $0
Other Salaries and Wages: $3,938,926
For more financial information, click here
What is the mission statement of Meritan Inc?
Meritan Inc is committed to enhancing the well-being and fostering independence for individuals at various stages of life. Their mission is focused on providing quality and compassionate care, especially for emotionally and physically fragile children and infants. Many of these children have come from abusive backgrounds and require safe, nurturing environments. Meritan's Therapeutic Foster Care Program is designed to offer such homes, ensuring the children's emotional and physical needs are met with care and attention. The organization's primary goal is to help these children thrive and develop the skills necessary for a more independent future.
Who is the CEO of Meritan Inc?
Melanie Keller is the Vp Of Foster of Meritan Inc.
What is the revenue of Meritan Inc?
Meritan Inc's revenue in 2023 was $18,510,739.
Who are the executives of Meritan Inc and what are their salaries?
The average compensation at Meritan Inc during 2023 was $14,666. There are 317 employees at Meritan Inc.
Here are 15 key members and their salaries:
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Where can I find the form 990 for Meritan Inc?
Meritan Inc's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Meritan Inc
Meritan Inc, a dedicated nonprofit organization, strives to enhance the well-being and foster independence for individuals throughout various stages of life with compassion and quality. At the heart of Meritan's mission lies the provision of specialized foster care homes for emotionally and physically fragile children and infants, many of whom have come from abusive backgrounds.
Meritan's Therapeutic Foster Care Program is a crucial aspect of the organization, offering safe and nurturing environments for these vulnerable young ones. The program is designed to cater to the unique needs of these children, providing them with the necessary care and attention they deserve. Meritan's foster caregivers are dedicated to ensuring the emotional and physical well-being of their foster children, creating an atmosphere of love, security, and stability.
The ultimate goal of Meritan Inc is to help these children heal from their past traumas and develop the essential skills they need to live fulfilling, independent lives. By providing a supportive and compassionate environment, Meritan's foster care program aims to break the cycle of abuse and neglect, giving these children a chance to reach their full potential. Through its unwavering commitment and personalized approach, Meritan Inc continues to make a significant impact on the lives of emotionally and physically fragile children and infants, promoting their overall well-being and paving the way for a brighter future.
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Impact
October, 2024
Meritan Inc significantly influences the lives of emotionally and physically fragile children and infants, particularly those recovering from abusive backgrounds. By providing safe and nurturing therapeutic foster care homes, the organization actively promotes the well-being and independence of these vulnerable individuals. Their commitment to quality and compassion ensures that children receive the support they need throughout various stages of life. In Memphis, TN, Meritan Inc plays a crucial role in transforming the futures of at-risk youth, fostering resilience, and nurturing growth in a safe environment. Through their specialized programs, they contribute to a stronger community by empowering children to overcome adversity and promoting a holistic approach to emotional and physical health.
This information is meant to be a general summary of Meritan 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 2023.
- Investment Income: $19,586
- Program Service Revenue: $12,722,118
- Gross Receipts: $18,510,739
Assets and Liabilities:
- Total Assets: $5,573,292
- Total Liabilities: $8,405,092
- Net Assets: -$2,831,800
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FOSTER CARE
Revenue
$8,723,155
OTHER FEE FOR SERVICE
Revenue
$2,215,925
MEDICARE
Revenue
$1,783,038
Organization Details
Founding Year
1961
Phone
(901) 766-0600Principal Officer
Melanie Keller
Main Address
345 ADAMS AVENUE, MEMPHIS, TN, 38103
NTEE Category
Code: P800 - Human services
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