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Filing year 2024

MERITO Foundation Inc FKA MutliCultural Education for Reso

Ventura, California·EIN 38-3911932·NTEE C32 · Environment·501(c)(3)
Total revenue
$557k
Total assets
$129k
Total expenses
$546k
Reported officers
9
Mission

MERITO is a 501(c)3 charitable organization dedicated to protecting the ocean by facilitating education, conservation, and scientific research opportunities for multicultural youth and their communities while increasing awareness and understanding of the importance of the ocean, ocean-related threats, and environmentally friendly practices. MERITO also strives to motivate diverse youth to pursue science, technology or engineering careers that relate to the ocean.

Executive compensation

Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2024

Exec. Director
Officer (Unspecified)
$103k
$110k
Treasurer
Officer (Unspecified)
$1k
$1k

Teal figures restate each filed amount in 2026 dollars.

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 7 unpaid individuals.

Browse compensation in Environment

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at MERITO Foundation Inc FKA MutliCultural Education for Reso equaled 19% of the organization's total expenses. The median for environment organizations is 11%.

This organization (2024)
19%
Sector median
11%
Middle half of sector
5% to 22%

Based on 4,942 environment organizations, each measured at its most recent filing year with reported expenses and compensation.

Up 9%
from 2023

From $94k in 2023 to $103k in 2024.

$94k
2023
$103k
2024
In today's dollarsEst.
Up 6% in real terms$103k to $110k

Estimated with BLS CPI-U for the West region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

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

FAQ

Common questions about MERITO Foundation Inc FKA MutliCultural Education for Reso

What are MERITO Foundation Inc FKA MutliCultural Education for Reso's revenue and expenses?

In 2024, MERITO Foundation Inc FKA MutliCultural Education for Reso reported $557k in total revenue and $546k in total expenses on its IRS Form 990.

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