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EIN 36-4156727

Merit Foundation

IRS 501(c) type
501(c)(3)
Num. employees
0
City
Mount Prospect
State
Illinois
Year formed
1998
Most recent tax filings
2023-12-01
NTEE code, primary
T20: Private Foundations
Description
The Merit Foundation is a private foundation located in Mount Prospect, IL that primarily funds charitable, religious, education, scientific, and recreational organizations for the purpose of supporting grants to other 501(c)3 organizations. Grantees include Holy Cross Lutheran Church and others, and the foundation made 18 grants last year.
Total revenues
$118,858
2023
Total expenses
$91,077
2023
Total assets
$1,389,606
2023
Num. employees
0
2023

Program areas at Merit Foundation

Income produced to support grants to other 501(c)3 organizations
Income produced to support grants to other 501(c)3 organizations
Income produced to support grants to other 501(c)3 organizations

Grants made by Merit Foundation

GranteeGrant descriptionAmount
Action Against Hunger USACharitable$7,000
Lafayette CollegeEducation$7,000
Summit School of AhwatukeeEducation$5,000
...and 12 more grants made

Personnel at Merit Foundation

NameTitleCompensation
Brenda FruchtTreasurer$0

Financials for Merit Foundation

RevenuesFYE 12/2023
Total grants, contributions, etc.$100,000
Investment income and dividends$30,028
Net rental income$0
Net gain from sale of non-inventory assets$-14,606
Gross sales of inventory$0
Miscellaneous revenues$3,436
Total revenues$118,858

Form 990s for Merit Foundation

Fiscal year endingDate received by IRSFormPDF link
2023-122024-05-14990PFView PDF
2022-122023-05-30990PFView PDF
2021-122022-05-12990PFView PDF
2020-122021-06-24990PFView PDF
2019-122021-06-09990PFView PDF
...and 8 more Form 990s
Data update history
November 25, 2023
Posted financials
Added Form 990PF for fiscal year 2021
August 3, 2023
Posted financials
Added Form 990PF for fiscal year 2022
July 26, 2023
Updated personnel
Identified 2 new personnel
May 16, 2023
Updated personnel
Identified 2 new personnel
October 18, 2021
Posted financials
Added Form 990PF for fiscal year 2019
Nonprofit Types
Grantmaking organizationsPrivate foundationsPrivate non-operating foundationsCharities
Issues
No issues found
Characteristics
Provides grantsTax deductible donationsNo full-time employees
General information
Address
15 S Pine St Suite 404
Mount Prospect, IL 60056
Metro area
Chicago-Naperville-Elgin, IL-IN-WI
County
Cook County, IL
Phone
(336) 345-7535
IRS details
EIN
36-4156727
Fiscal year end
December
Taxreturn type
Form 990-PF
Year formed
1998
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
T20: Private Foundations
NAICS code, primary
813211: Grantmaking Foundations
Parent/child status
Independent
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