Civic Intelligence

Merit Spread Foundation Inc

EIN 37-2057617 • 501(c)3 • New York, NY

Pub. 78 EligibleNTEE T99

Profile

SEE ATTACHMENT # 1

One Battary Park PlazaNew York, NY 10004

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

67th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE T • $10M-$25M nonprofits • Source year 2024

Liabilities / Revenue

67th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

NTEE T • $10M-$25M nonprofits • Source year 2024

Net Margin

41st percentile

6.0%

Higher net margin than 41% of similar nonprofits.

NTEE T • $10M-$25M nonprofits • Source year 2024

Top Officer Pay

67th percentile

$0

Higher top officer pay than 67% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

NTEE T • $10M-$25M nonprofits • Source year 2024

Asset Growth

89th percentile

35%

Faster asset growth than 89% of similar nonprofits.

NTEE T • $10M-$25M nonprofits • Annualized from 2023 to 2024

Revenue Growth

59th percentile

50%

Faster revenue growth than 59% of similar nonprofits.

NTEE T • $10M-$25M nonprofits • Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets67th percentile

Assets

Up

$3,015,679

Up $774,846 (+35%) from 2023

Liabilities

Flat

$0

Flat from 2023

Net Assets

Up

$3,015,679

Up $774,846 (+35%) from 2023

Operations
Liabilities / Revenue67th percentileNet Margin41st percentile

Revenue

Up

$12,995,882

Up $4,356,746 (+50%) from 2023

Expenses

Up

$12,221,137

Up $5,821,535 (+91%) from 2023

Net Income

Down

$774,745

Down $1,464,789 (-65%) from 2023

Trend Graphs

Balance Sheet Trend

Asset Growth89th percentile

Grouped bars show assets, liabilities, and net assets across loaded filings.

$4.0M$3.0M$2.0M$1.0M$0Assets 2023: $2,240,833Liabilities 2023: $0Net Assets 2023: $2,240,8332023Assets 2024: $3,015,679Liabilities 2024: $0Net Assets 2024: $3,015,6792024

Highlighted filing

2024

Assets$3,015,679
Liabilities$0
Net Assets$3,015,679
Open 2024 Filing

Operations Trend

Revenue Growth59th percentile

Revenue, expenses, and net income by year, with the latest filing highlighted.

$15M$10M$5.0M$0Revenue 2023: $8,639,136Expenses 2023: $6,399,602Net Income 2023: $2,239,5342023Revenue 2024: $12,995,882Expenses 2024: $12,221,137Net Income 2024: $774,7452024

Highlighted filing

2024

Revenue$12,995,882
Expenses$12,221,137
Net Income$774,745
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,015,679
Liabilities
$0
Net assets
$3,015,679
Revenue
$12,995,882
Expenses
$12,221,137
Net income
$774,745
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$3.02$0.00$3.02$13.0$12.2$0.77
2023Detailed filing. Detailed filing data is available for this year.$2.24$0.00$2.24$8.64$6.40$2.24
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Apr 8, 2025
Return Version
2024v5.1
Gross Receipts
$12,995,882
Mission and Program Overview

Mission

SEE ATTACHMENT # 1

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$2,010,372$2,898,758▲ $888,386
Prepaid Expenses and Deferred Charges$230,461$116,921▼ $113,540
Savings and Temporary Cash Investments$0--
Accounts Receivable$0--
Other Notes and Loans Receivable, Net$0--
Pledges and Grants Receivable$0--
Receivable From Disqualified Prsn$0--
Receivables From Officers Etc$0--
Investments Other Securities$0--
Investments Program Related$0--
Investments in Publicly Traded Securities$0--
Intangible Assets$0--
Inventories for Sale or Use$0--
Loans From Officers Directors$0--
Total Assets$2,240,833$3,015,679▲ $774,846
Liabilities
Accounts Payable and Accrued Expenses$0--
Grants Payable$0--
Mortgage Notes Payable Secured by Investment Property$0--
Unsecured Notes Loans Payable$0--
Deferred Revenue$0--
Escrow Account Liability$0--
Tax Exempt Bond Liabilities$0--
Total Liabilities$0$0→ $0
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$2,240,833$3,015,679▲ $774,846
Total Net Assets Fund Balance$2,240,833$3,015,679▲ $774,846
Total Liabilities and Net Assets / Fund Balance$2,240,833$3,015,679▲ $774,846
Compensation and Service Providers
Top Officer Pay67th percentile

Board Members and Trustees

NameTitle
Alon TalDirector
Revenue and Support

Revenue Composition

Contributions and Grants
$12,995,882
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$12,995,882
Change in Net Assets
$774,745
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$8,062,452
Grants and Similar Amounts Paid$4,158,685
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Advertising$3,990,267$0$0$3,990,267
Grants to Domestic Orgs$3,451,584--$3,451,584
Conferences and Meetings$2,014,324$0$0$2,014,324
Foreign Grants$707,101--$707,101
Travel$268,406$0$0$268,406
All Other Expenses$42,222$0$0$42,222
Payment Travel Entrtnmnt Publicly Ofcl$31,186$0$0$31,186
Fees for Services Legal$27,296$0$0$27,296
Other Expenses$12,823$0$0$12,823
Total Functional Expenses$12,221,137$0$0$12,221,137
International Activity

International Compliance

Activity in boycott countries
No
Foreign corporation ownership
No
Foreign partnership interest
No
Interest in foreign trust
No
Passive foreign investment company interest
No
Transfers to foreign corporations
No
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Loans and Receivables

Line ItemBeginningEndChange
Loans from Officers, Directors, Trustees, and Key Employees$0--
Receivables from Disqualified Persons$0--
Receivables from Officers, Directors, Trustees, and Key Employees$0--
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No
Filing and Contact Details

Filer

Filer Name
Merit Spread Foundation Inc
EIN
37-2057617
Phone
2125741688
Address
ONE BATTARY PARK PLAZA, NEW YORK, NY 10004

Signing Officer

Name
Ariel C Tal
Title
V.p.
Phone
2125741688
Signed
2025-04-08
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Ariel C Tal
Formed
2023
Legal Domicile
Ny
Voting Board Members
2
Independent Board Members
2
Employees
0
Volunteers
2

Preparer

Firm
Jacky Gamliel
Address
1177 Avenue of The Americas, New York, NY 10036
Preparer
Jacky Gamliel
Phone
2135000104
Supplemental Narrative

Additional Explanations

Other

“Organization mission the merit spread foundation was founded in order to excute a wide range of public benefit activities, in areas such as health, education and welfare. The foundation aims to bring together philantropist and social activities, seeking a professional and fair frame of activities. The operation is based on zero overhead policy in order to have maximum efficiency in usage of the donations.”

Other

“3 largest service programs. * Welfare: a program supporting the families of the hostages and the hostages of the October 7th massacre. The activities included medical and mental support. * Medicine: a program dedicated to discovering effective solutions for rare genetic syndromes and orphan diseases. The foundation integrates scientific and biological research with advanced technologies and artificial intelligence, striving to find practical solutions and advance the field of gene therapy. * Education: * A mentoring program in which seasoned female doctors provide mentoring to young doctors on the beginning of their career. The aim is to enable equal opportunities for female doctors in management positions in hospitals, in the academy and generally in the health system. * Heroes: an educational program dealing with the meaning of Jewish heroes in history and in present times.”

Pt VI, Line 11B

“The company through its tax professional team went over the 990 form and discussed and review every item before answering. All the management together with the legal professional team were involved in the submission of the return.”

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This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0ORGANIZATION MISSION THE MERIT SPREAD FOUNDATION WAS FOUNDED IN ORDER TO EXCUTE A WIDE RANGE OF PUBLIC BENEFIT ACTIVITIES, IN AREAS SUCH AS HEALTH, EDUCATION AND WELFARE. THE FOUNDATION AIMS TO BRING TOGETHER PHILANTROPIST AND SOCIAL ACTIVITIES, SEEKING A PROFESSIONAL AND FAIR FRAME OF ACTIVITIES. THE OPERATION IS BASED ON ZERO OVERHEAD POLICY IN ORDER TO HAVE MAXIMUM EFFICIENCY IN USAGE OF THE DONATIONS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt13 largest service programs. * Welfare: a program supporting the families of the hostages and the hostages of the October 7th massacre. The activities included medical and mental support. * Medicine: a program dedicated to discovering effective solutions for rare genetic syndromes and orphan diseases. The foundation integrates scientific and biological research with advanced technologies and artificial intelligence, striving to find practical solutions and advance the field of gene therapy. * Education: * A mentoring program in which seasoned female doctors provide mentoring to young doctors on the beginning of their career. The aim is to enable equal opportunities for female doctors in management positions in hospitals, in the academy and generally in the health system. * Heroes: an educational program dealing with the meaning of Jewish heroes in history and in present times.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2The company through its tax professional team went over the 990 form and discussed and review every item before answering. All the management together with the legal professional team were involved in the submission of the return.
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IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt02
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt02240833
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt03015679
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TravelGrp/FundraisingAmt00
IRS990/TravelGrp/ManagementAndGeneralAmt00
IRS990/TravelGrp/ProgramServicesAmt0268406
IRS990/TravelGrp/TotalAmt0268406
IRS990/TrnsfrExmptNonChrtblRltdOrgInd0false
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UnsecuredNotesLoansPayableGrp/BOYAmt00
IRS990/USAddress/AddressLine1Txt0185 WEST END AVE
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010023
IRS990/VotingMembersGoverningBodyCnt02
IRS990/VotingMembersIndependentCnt02
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd0false
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ARIEL C TAL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0V.P.
ReturnHeader/BusinessOfficerGrp/PhoneNum02125741688
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-04-08
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MERIT SPREAD FOUNDATION INC
ReturnHeader/Filer/BusinessNameControlTxt0MERI
ReturnHeader/Filer/EIN0372057617
ReturnHeader/Filer/PhoneNum02125741688
ReturnHeader/Filer/USAddress/AddressLine1Txt0ONE BATTARY PARK PLAZA
ReturnHeader/Filer/USAddress/CityNm0NEW YORK
ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010004
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0554413996
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Jacky Gamliel
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt01177 Avenue of The Americas
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0New York
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd010036
ReturnHeader/PreparerPersonGrp/PhoneNum02135000104
ReturnHeader/PreparerPersonGrp/PreparationDt02025-04-17
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JACKY GAMLIEL
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02025-04-17T07:50:31-07:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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