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Filing year 2024

MERIT FOUNDATION

Mount Prospect, Illinois·EIN 36-4156727·NTEE Z99Z · Unknown·501(c)(3)
Total revenue
$100k
Total assets
$1.4M
Total expenses
$107k
Reported officers
17

Executive compensation

Form 990-PF · Part VIII · 10 reported individuals · Filing year 2024

Director
Unclassified
$300
$321
Director
Unclassified
$300
$321
Director
Unclassified
$300
$321
Director
Unclassified
$300
$321
Director
Unclassified
$300
$321
Director
Unclassified
$300
$321
Director
Unclassified
$300
$321
Director
Unclassified
$300
$321
Director
Unclassified
$300
$321
Director
Unclassified
$300
$321

Teal figures restate each filed amount in 2026 dollars.

Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Browse compensation in organizationPage.redesign.benchmarkBuilder.ntee.Z

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at MERIT FOUNDATION equaled 0.3% of the organization's total expenses. The median for organizationpage.redesign.benchmarkbuilder.ntee.z organizations is 9%.

This organization (2024)
0.3%
Sector median
9%
Middle half of sector
4% to 20%

Based on 1,569 organizationpage.redesign.benchmarkbuilder.ntee.z organizations, each measured at its most recent filing year with reported expenses and compensation.

Grants paid

Itemized grants reported on this foundation's 2024 Form 990-PF, Part XV.

Total granted

$72k

Itemized grants

25

Median grant

$3k

RecipientLocationPurposeAmount
HOLY CROSS LUTHERAN CHURCHWHEATON, ILRELIGIOUS$8k
GOOD SHEPHERD LUTHERAN CHURCHHERNDON, VARELIGIOUS$7k
LAFAYETTE COLLEGEEASTON, PAEDUCATION$7k
MENTAL HEALTH AMERICA INCALEXANDRIA, VACHARITABLE$7k
ROMAN CATHOLIC DIOCESE OF MADISON INCMADISON, WIRELIGIOUS$5k
SUMMIT SCHOOL OF AHWATUKEEPHOENIX, AZEDUCATION$4k
CHILD POVERTY ACTION LABDALLAS, TXCHARITABLE$3k
BAPTISTS ON MISSION - HURRICANE HELENE REFIEFCARY, NCCHARITABLE$3k
CAMP GRAYREEDSBURG, WIRECREATIONAL$3k
LOCAL INITIATIVES SUPPORT CORPORATIONNEW YORK, NYCHARITABLE$3k
ST JUDE CHILDRENS RESEARCH HOSPITAL INCMEMPHIS, TNCHARITABLE$3k
TRUSTEES OF BOSTON UNIVERSITY - FRIENDS OF MEN'S SWIMMING & DIVINGBOSTON, MACHARITABLE$3k
TRUSTEES OF BOSTON UNIVERSITY - BLOOM FAMILY LEADERSHIPBOSTON, MAEDUCATION$3k
GRACE LUTHERAN CHURCHCLEMMONS, NCRELIGIOUS$2k
THE PARENTING PATHWINSTONSALEM, NCCHARITABLE$2k
SOUTHWEST AUTISM RESEARCH & RESOURCE CENTERPHOENIX, AZCHARITABLE$2k
CHELSEA EDUCATION FOUNDATION INCCHELSEA, MACHARITABLE$2k
SHALLOW FORD FOUNDATION INC (COACH MURPH SCHOLARSHIP)CLEMMONS, NCCHARITABLE$2k
WILLIAM MARSH RICE UNIVERSITY - WOMEN'S CLUB WATER POLOHOUSTON, TXCHARITABLE$2k
CANCER SERVICES INCWINSTONSALEM, NCCHARTIABLE$1k
HUSHABYE NURSERYGILBERT, AZCHARITABLE$1k
PITT HOPKINS FOUNDATIONPLYMOUTH, MASCIENTIFIC$1k
RIVERWOOD THERAPEUTIC HORSEBACK RIDINGTOBACCOVILE, NCSCIENTIFIC$1k
GAY & LESBIAN ALLIANCE AGAINST DEFAMATIONPASADENA, CACHARITABLE$500
RABBIT SANCTUARY INCSIMPSONVILLE, SCCHARITABLE$500
Compare this foundation's grantees

This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about MERIT FOUNDATION

What are MERIT FOUNDATION's revenue and expenses?

In 2024, MERIT FOUNDATION reported $100k in total revenue and $107k in total expenses on its IRS Form 990.

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This is a private foundation. Peers are foundations of similar asset size ($1M - $10M), because foundation pay scales with assets under management, not revenue.